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Author Topic: Do not gamble with Loan Money~otherwise you will be in danger like me  (Read 4941 times)
maydna
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December 08, 2023, 03:42:58 PM
 #321

~snip~
Yes. It's a dirty loophole where a gambler can destroy his own life and his family too. Gambling addiction is too bad and can cause serious trouble. Op's case is an example of how gambling addiction and taking a loan can cause harm. He has to work for at least a year to pay the debt. But it's nice to see that he realized that it's not too late to stop. He did not take further loans to cover the previous one. I would suggest he not take another loan to cover this one. If he does, he will be trapped in a loophole. This is not the first time we heard such a story. Often people do these things and get into serious trouble.
When someone intends to borrow money from other people to gamble, it is already a sign that he is already addicted to gambling and should be stopped as soon as possible before he loses that money in gambling. But @OP has already lost so much money that it's hard to get it all back anytime soon. This is a lesson for him not to do it again, and hopefully, he will stop gambling after this bad experience and focus more on making money so he can get his money back. He was already stuck on that loan, and he really needed to stay away from gambling so as not to be tempted by gambling again. This is not easy because he is already familiar with gambling, but with a strong will, he can definitely do it.

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December 08, 2023, 06:52:39 PM
 #322

When someone intends to borrow money from other people to gamble, it is already a sign that he is already addicted to gambling and should be stopped as soon as possible before he loses that money in gambling. But @OP has already lost so much money that it's hard to get it all back anytime soon. This is a lesson for him not to do it again, and hopefully, he will stop gambling after this bad experience and focus more on making money so he can get his money back. He was already stuck on that loan, and he really needed to stay away from gambling so as not to be tempted by gambling again. This is not easy because he is already familiar with gambling, but with a strong will, he can definitely do it.
The kind of problem the OP is facing is probably one of the most difficult for a person to solve, as this is the result not of acquiring an expensive asset like a house or car, this is just the consequence of being irresponsible with the management of their own money, and since it will take them so much time to pay that loan, it will always exist the temptation to do something so they can diminish the time needed to accomplish that goal, so it is entirely possible they may gamble again hoping for a win, a win that most likely will never come.
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December 08, 2023, 10:25:27 PM
 #323

When someone intends to borrow money from other people to gamble, it is already a sign that he is already addicted to gambling and should be stopped as soon as possible before he loses that money in gambling. But @OP has already lost so much money that it's hard to get it all back anytime soon. This is a lesson for him not to do it again, and hopefully, he will stop gambling after this bad experience and focus more on making money so he can get his money back. He was already stuck on that loan, and he really needed to stay away from gambling so as not to be tempted by gambling again. This is not easy because he is already familiar with gambling, but with a strong will, he can definitely do it.
The kind of problem the OP is facing is probably one of the most difficult for a person to solve, as this is the result not of acquiring an expensive asset like a house or car, this is just the consequence of being irresponsible with the management of their own money, and since it will take them so much time to pay that loan, it will always exist the temptation to do something so they can diminish the time needed to accomplish that goal, so it is entirely possible they may gamble again hoping for a win, a win that most likely will never come.
This should not be a new news to us again because we already need to us our common sense to make decisions and not to take decisions that would affect us in the future. Gambling can be addictive if we don't know how to fix things especially when we make loses. It is very important that we should not take loan just for us to gamble and most time, we might be tempted to gamble with funds that is nit our own like taking loan or borrowing high amount of money for the sake for us to use it to gamble when we should be trying ourselves to bet and do something better.

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December 08, 2023, 10:39:22 PM
 #324

When someone intends to borrow money from other people to gamble, it is already a sign that he is already addicted to gambling and should be stopped as soon as possible before he loses that money in gambling. But @OP has already lost so much money that it's hard to get it all back anytime soon. This is a lesson for him not to do it again, and hopefully, he will stop gambling after this bad experience and focus more on making money so he can get his money back. He was already stuck on that loan, and he really needed to stay away from gambling so as not to be tempted by gambling again. This is not easy because he is already familiar with gambling, but with a strong will, he can definitely do it.
The kind of problem the OP is facing is probably one of the most difficult for a person to solve, as this is the result not of acquiring an expensive asset like a house or car, this is just the consequence of being irresponsible with the management of their own money, and since it will take them so much time to pay that loan, it will always exist the temptation to do something so they can diminish the time needed to accomplish that goal, so it is entirely possible they may gamble again hoping for a win, a win that most likely will never come.
Taking loan to use it for gambling should be viewed as a last option as it's not an option in any sense. Many people have losed their lives due to how they took loan of huge amount to gambling in the hope's that they will win and return the loan money ASAP and keep the benefits win but it turned our bad and when they realized that by all available means possible they can't afford paying back the loan the next thought we commiting suicide to escape the shame. It's something that's happening and it's not sweet to the ear when we hear about these things.
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December 08, 2023, 10:43:11 PM
 #325

Yeah that's not the way to go.  Even if you win it opens up an opportunity later on in life to do the same thing and get in real trouble.  Taking out a loan because obviously you didn't have it in the first place so this will only exasperate it even further.  The old saying is only gamble what you can afford to lose.
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December 08, 2023, 10:59:35 PM
 #326

I read some forum posts where a member shared their story of borrowing money to recover their losses from gambling. They were fortunate enough to eventually win back the lost amount. It is important to keep in mind that winning with borrowed money is not always guaranteed and it's important to have a plan to repay the loan in case you lose while gambling. It's advisable to have a reliable source of income to fall back on.
If you want to avoid ruining your own life and your family's, it's best to stay away from borrowing money or gambling permanently.

It’s best kept in mind that with gambling, winning isn’t guaranteed. Now, if someone borrows money to play and try to win, knowing fully well winning isn’t guaranteed, isn’t that being unwise?
It’s always advisable not to gamble with funds not kept aside for such purposes. Not less borrowing money so as to continue playing. It would only bring about financial ruin in the long run. And someone with a family, it wouldn’t do so well to have financial problems in the home. Problems that can be avoided.

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December 09, 2023, 04:00:15 AM
 #327

I am a victim of real experience and I am sharing my real experience with you.  Don't make the same mistake I did.  And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

That's unfortunate mate but with time, your normal life (financial-wise) will be back again and I do hope that you learned your lessons through that experience but believe me, a gambler is always a gambler and I have doubt that you will stop gambling, just don't loan money and only gamble what spare money you have as that's the golden rule of gambling, gamble only the money you can afford to lose.

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December 09, 2023, 02:31:29 PM
 #328

When someone intends to borrow money from other people to gamble, it is already a sign that he is already addicted to gambling and should be stopped as soon as possible before he loses that money in gambling. But @OP has already lost so much money that it's hard to get it all back anytime soon. This is a lesson for him not to do it again, and hopefully, he will stop gambling after this bad experience and focus more on making money so he can get his money back. He was already stuck on that loan, and he really needed to stay away from gambling so as not to be tempted by gambling again. This is not easy because he is already familiar with gambling, but with a strong will, he can definitely do it.

Today, I just saw a Facebook post from a group, even though I am not a member of that group, the post was suggested to me. The person posted a few screenshots where he lost around $700 and he says he lost around $1000 by gamle which he stolen from his wife's parents house. Now he posted this in a Facebook group and asking for help. He want another $100 loan from random people on the internet and he claims he will recover that money anyhow. I was just thinking how stupid a person could be. I know that he already knew no one give him a penny without knowing him. But he still posted this. Gambling destroying people's lives which you can see If you check social media.

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December 09, 2023, 03:10:13 PM
 #329

~snip~
The kind of problem the OP is facing is probably one of the most difficult for a person to solve, as this is the result not of acquiring an expensive asset like a house or car, this is just the consequence of being irresponsible with the management of their own money, and since it will take them so much time to pay that loan, it will always exist the temptation to do something so they can diminish the time needed to accomplish that goal, so it is entirely possible they may gamble again hoping for a win, a win that most likely will never come.
Yes, this is actually a matter of managing both money and time. It is indeed difficult to manage everything well, and often, we miss many things so that the management that we have put in place can be neglected. And because everything becomes a mess and we can't control our emotions well, we end up borrowing money to gamble, which is not a good decision to make. That will only create other problems, which may become more serious if we cannot pay the loan. And @OP has made a fatal mistake by borrowing money and using it to gamble. Meanwhile, the final result of his gambling activities did not give good results, and he also lost.

~snip~
Today, I just saw a Facebook post from a group, even though I am not a member of that group, the post was suggested to me. The person posted a few screenshots where he lost around $700 and he says he lost around $1000 by gamle which he stolen from his wife's parents house. Now he posted this in a Facebook group and asking for help. He want another $100 loan from random people on the internet and he claims he will recover that money anyhow. I was just thinking how stupid a person could be. I know that he already knew no one give him a penny without knowing him. But he still posted this. Gambling destroying people's lives which you can see If you check social media.
A person who has lost his mind will do anything, including borrowing from people he doesn't know and claiming he can return the money in a short time. But that still wouldn't allow him to pay off his previous debt because he already had too many debts from too many people, so he might forget who it was. That's the result if someone gets too deep into gambling until they can no longer think clearly. Instead of stopping his gambling activities and finding a way to pay off his debts, he instead wanted to borrow more money from people he didn't even know. So that's why we really have to learn self-control well so that we won't experience problems like that person and we can still enjoy gambling as entertainment.

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December 09, 2023, 03:23:18 PM
 #330

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).
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December 09, 2023, 03:31:16 PM
 #331

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).

The gambler who used their own money will keen to take the money out from the gambling site with some profit.But if the gambler uses the money from loan,he will get more pressure to the money out with the profit from the gambling site.So the gambler will get more emotional in the loan money,it may leads to the big loss of the money in the gambling site.This was the biggest mistake made by the gambler in the gambling site,he should do gambling only because of their own money.Incase loan money,if he had loss then the gambler situation will become more worst in the real life.

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December 09, 2023, 03:37:48 PM
 #332

When someone intends to borrow money from other people to gamble, it is already a sign that he is already addicted to gambling and should be stopped as soon as possible before he loses that money in gambling. But @OP has already lost so much money that it's hard to get it all back anytime soon. This is a lesson for him not to do it again, and hopefully, he will stop gambling after this bad experience and focus more on making money so he can get his money back. He was already stuck on that loan, and he really needed to stay away from gambling so as not to be tempted by gambling again. This is not easy because he is already familiar with gambling, but with a strong will, he can definitely do it.
The kind of problem the OP is facing is probably one of the most difficult for a person to solve, as this is the result not of acquiring an expensive asset like a house or car, this is just the consequence of being irresponsible with the management of their own money, and since it will take them so much time to pay that loan, it will always exist the temptation to do something so they can diminish the time needed to accomplish that goal, so it is entirely possible they may gamble again hoping for a win, a win that most likely will never come.
This should not be a new news to us again because we already need to us our common sense to make decisions and not to take decisions that would affect us in the future. Gambling can be addictive if we don't know how to fix things especially when we make loses. It is very important that we should not take loan just for us to gamble and most time, we might be tempted to gamble with funds that is nit our own like taking loan or borrowing high amount of money for the sake for us to use it to gamble when we should be trying ourselves to bet and do something better.
Although this is a very common thing, this tendency can be observed among gamblers. When a gambler realizes that he can get money from any others sources, he gambles more fearlessly because he knows that he has money. Be it borrowed money or a bank loan gambler will be greedy for that money at some point. A gambler's power of self-control is the great power by which he can save himself from ruin. Gambling should not borrow from anyone or take a bank loan and should not spend more than 7 to 10 percent of the amount of money one has. Otherwise his normal life will be affected.

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December 09, 2023, 03:39:30 PM
 #333

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).

The gambler who used their own money will keen to take the money out from the gambling site with some profit.But if the gambler uses the money from loan,he will get more pressure to the money out with the profit from the gambling site.So the gambler will get more emotional in the loan money,it may leads to the big loss of the money in the gambling site.This was the biggest mistake made by the gambler in the gambling site,he should do gambling only because of their own money.Incase loan money,if he had loss then the gambler situation will become more worst in the real life.
When someone gambles with their own money, they are not liable to anyone for losing it and are under no pressure to pay it back.  But when someone gambles with loans and loses them, there is a strong pressure on him to repay the money and he faces a lot of problems.  Because at the same time he needs a fixed amount of money to meet the expenses of his family and on the other hand there is a huge pressure on him to repay the loan. For this one should not gamble by borrowing.  One should gamble according to his own ability

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December 09, 2023, 03:52:18 PM
 #334

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).
The loan amount is like a gift without any effort, what we need is to build a little credibility or pledge something, the loan amount can automatically come to us, this ease creates so much subjectivity and failure comes from such subjectivity, besides, a person with a stable economy will not take out loans because paying them off is a hassle and the loans will only multiply. The first loan is just the beginning of more loans, which can be called a self-destructive financial trap for gamblers, the smile will fade with the loan

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December 09, 2023, 04:01:26 PM
 #335

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).

The gambler who used their own money will keen to take the money out from the gambling site with some profit.But if the gambler uses the money from loan,he will get more pressure to the money out with the profit from the gambling site.So the gambler will get more emotional in the loan money,it may leads to the big loss of the money in the gambling site.This was the biggest mistake made by the gambler in the gambling site,he should do gambling only because of their own money.Incase loan money,if he had loss then the gambler situation will become more worst in the real life.
When someone gambles with their own money, they are not liable to anyone for losing it and are under no pressure to pay it back.  But when someone gambles with loans and loses them, there is a strong pressure on him to repay the money and he faces a lot of problems.  Because at the same time he needs a fixed amount of money to meet the expenses of his family and on the other hand there is a huge pressure on him to repay the loan. For this one should not gamble by borrowing.  One should gamble according to his own ability

Well, there are people's behavior that I honestly don't understand, because primarily when I play with my money I take great care of it, but of course, I take my precautions, I only play what I have destined to lose, from there no more, I do lose what I have destined Well, I insist more and accept my loss, I think that is a rule that I have and it has worked very well for me in my experience in caisnos and with that strategy it does not make me fall into addictions or anything like that, This is only with my money, but those who take risks and borrow money just to play, and I have said this many times, it is not good to do so because basically when they do something like this it causes people to go into much more debt, and if they are people who They don't have a very good monthly income, how will they be able to pay? It is impossible, so not to get involved in things that cannot be paid, because I do not say anything about lending money to be able to do other things, or that there is a health emergency or something, which is what I see as normal, in this case things can be good enough.

Now, when we do something out of the ordinary, we could say that we can borrow money to buy bitcoin, which I don't see as so risky, but in the case of lending money to play in a casino, what will the person do if they lend it, and lose? how would it look? make another loans for gpgara? That is something that I do not see well, I could say that they are people who do not have a very good financial life and who live day to day looking for ways to do things better, but with debt it is very difficult to think, it is strongth because in a casino if it is the activity that you do the most it will not generate good money to at least save money, a life like that is very difficult, hard, and I do not recommend it, that is why addicted people cannot get out of it. that cycle of vices, because they continue all the time in the worst, that is detrimental to health.

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December 10, 2023, 12:14:44 PM
 #336

~snip~
Actually, everyone knows that borrowing money from the bank just to gamble is the wrong decision and could have bad consequences in the future, but they forget all the risks involved and do whatever they think is right.
But actually there are two main factors that make them dare to borrow money just to gamble.
- The first is the idea that they have job or business that can make money so they think that even if they borrow they can still pay the bills and will not experience difficulties in the future.
- Second, they think they can win and their goals will be realized so that when they win they can immediately return the loan money, but they forget that gambling is full of uncertainty and defeat is always on their side.
These two things make gamblers brave enough to borrow money without considering everything, including the pressure they might feel, but only when they feel the difficulties can they realize all that.

It like when you take out loan and feel various pressures, but after it all over and you feel it, the awareness arises not to do it again.
Experiences and consequences must be truly experienced by gamblers so that they can think and act well.
It's strange how, despite our logical understanding of risks, we emotionally go right into them. Consider your first point: using a steady income to make debts from gaming acceptable. We see this as an overconfidence in one's financial sense. It sounds like, "I'm unstoppable because I have a stable job." But do they really? In actuality, demands in life and income levels change. Although you may be aware of the rules, are you really able to forecast the changes?

"I'll win it all back!" Traditional human arrogance, yes? Can we see this as a frantic attempt to maintain control in an unpredictable world? They are placing bets not only on cards or dice, but also on life to give them some relief. Though everyone is aware that the house always win, hope is a powerful remedy. The excitement of "what if" is what prevents people from seeing the harsh reality of "what usually is." Gamblers chase dreams, but more often than not, they're just running on a treadmill, making progress but remaining stagnant
Try to understand once again what the main meaning of my previous response is because I clearly said that "there are two main factors that make them dare to borrow money just to gamble".
From the first point it is clear that it is an explanation of the reasons why gamblers dare to make the decision to borrow money as capital for gambling.
And in reality, all of them dare to take out loans because they think that there is consistent source of income that they can have every month to be able to pay bills from the amount of money they have borrowed.
Even though there are changes, they don't think about these changes and they still decide to borrow money, so what can they do if their last resort is to borrow money to gamble.

No, thinking like that is not kind of arrogance but rather belief and determination that is filled with strong ambition to be able to win bet, whether game or sports bet.
We know that everything cannot be predicted accurately because we cannot know the future and we cannot know how to have good achievements in the future, but they have confidence which they strive for in various ways.
And it is true to say that they just walk or run in place without any progress because their mindset and approach is not correct.

Maybe we are surprised by gamblers who have that kind of attitude and mindset, but this is what actually happens.

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December 10, 2023, 10:41:34 PM
 #337

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).

Isn't borrowing money to gamble with it the most reckless move anyway? Even if that person were to behave rational with that borrowed money and stick to bankroll management rules and so on, it is still a reckless move as luck can turn against you anytime. You could make the wisest decisions ever and yet lose it all on a bad day. Borrowing it hoping to flip it and pay back immediately while keeping some to be able to continue gambling is doomed to fail in my opinion and I agree that recklessness might take over once some bad moves lead to some of the money be lost. It's the time when people tend to do some all-or-nothing moves because they see no other choice.

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December 10, 2023, 10:59:14 PM
Last edit: December 10, 2023, 11:21:36 PM by Quidat
 #338

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).

Isn't borrowing money to gamble with it the most reckless move anyway? Even if that person were to behave rational with that borrowed money and stick to bankroll management rules and so on, it is still a reckless move as luck can turn against you anytime. You could make the wisest decisions ever and yet lose it all on a bad day. Borrowing it hoping to flip it and pay back immediately while keeping some to be able to continue gambling is doomed to fail in my opinion and I agree that recklessness might take over once some bad moves lead to some of the money be lost. It's the time when people tend to do some all-or-nothing moves because they see no other choice.
Totally wreckless and totally that a huge mess up in your entire life if you do make out such decisions such as this.Taking up a loan for business then it would be considerable and something would be worth but for gambling? You are just basically doing suicide with your finances knowing on how risky gambling is then there's no way that you could really be able to make yourself get safe when it comes to financial devastation. Gambling with loan money is never been that ideal because you would really be just making those problems on which it shouldnt really be supposed to be happening if you do really just that make yourself that responsible then there would be no problem but if not then you would really be having that kind of headache and huge regrets in the end of the line.

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December 10, 2023, 11:50:52 PM
 #339

Taking loan to use it for gambling should be viewed as a last option as it's not an option in any sense. Many people have losed their lives due to how they took loan of huge amount to gambling in the hope's that they will win and return the loan money ASAP and keep the benefits win but it turned our bad and when they realized that by all available means possible they can't afford paying back the loan the next thought we commiting suicide to escape the shame. It's something that's happening and it's not sweet to the ear when we hear about these things.
I never make it as an option, nor for the last option. I think gambling with the loan money is a big mistake. We always gamble in a safe way, that's why we only gamble with our extra money. I only look for fun in gambling, the prizes will be the bonus to get. I never plan a target to win a specific prize in gambling because I think it sounds too risky.

There are already many cases that lead people to experience bad story in life because of loan money in gambling. I think we must avoid it because it is already proven to bring negative impacts. A loan money is also not necessary because gambling shouldn't be our main activity in life. We only gamble in a spare time. So why we must be so serious to get a loan money?  Huh


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shogun47
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December 11, 2023, 05:54:18 PM
 #340

When a person gambles with his own money, he tries to take into account the risks and somehow control them. When a person gambles with borrowed money (especially if he has the opportunity to take rather large loans), he often begins to behave recklessly and spend money without an account (this is the specific nature of most people).

Isn't borrowing money to gamble with it the most reckless move anyway? Even if that person were to behave rational with that borrowed money and stick to bankroll management rules and so on, it is still a reckless move as luck can turn against you anytime. You could make the wisest decisions ever and yet lose it all on a bad day. Borrowing it hoping to flip it and pay back immediately while keeping some to be able to continue gambling is doomed to fail in my opinion and I agree that recklessness might take over once some bad moves lead to some of the money be lost. It's the time when people tend to do some all-or-nothing moves because they see no other choice.
Totally wreckless and totally that a huge mess up in your entire life if you do make out such decisions such as this.Taking up a loan for business then it would be considerable and something would be worth but for gambling? You are just basically doing suicide with your finances knowing on how risky gambling is then there's no way that you could really be able to make yourself get safe when it comes to financial devastation. Gambling with loan money is never been that ideal because you would really be just making those problems on which it shouldnt really be supposed to be happening if you do really just that make yourself that responsible then there would be no problem but if not then you would really be having that kind of headache and huge regrets in the end of the line.

I think it also paves the way into much bigger problems if it works out. Let's assume that someone is willing to take a loan for gambling, perhaps $500 and that person successfully doubles the money playing roulette, pays back the $500 and keeps $500 for himself. Now he uses the winnings and loses them, back to his first position with zero money in the pocket. Now what is that person most likely going to do? I think he will most likely try to take out a loan again because it worked smoothly for him without anyone harmed. But what happens if now the $500 are lost immediately. My guess would be that the person still has this feeling of success in his mind from the first try and that it is quite possible more money will be borrowed from someone else to make up for everything. That is when things can get worse and worse.

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