Do not gamble with Loan Money~otherwise you will be in danger like me

[klidex]

~snip~

I've watched too many chase losses with borrowed monies, digging themselves deeper. Like using gasoline to put out a fire, it makes things worse. The stress of debt and gambling losses can be crushing. I've always thought acknowledging the problem is the first step to recovery. Accepting losses and realizing they're pointless, especially with borrowed money, is vital. Financial stability and mental serenity are important.

Also, winning stories are appealing. They're everywhere, right? These stories deceive newcomers into thinking gambling is a path to fortune. I constantly remember that for every success revealed, there are innumerable untold stories of losses and heartaches. This biased narrative is risky for beginners. Gambling requires realism about the risks and rarity of significant wins. Promoting responsible gambling is crucial. A healthy approach emphasizes fun above financial planning.

It is true that chasing losses with borrowed money will only make things worse because it will make us even more miserable because we have to lose more money over and over again. This will of course be a burden on ourselves and as you said can cause stress and destroy our lives. And yes, we really have to be able to admit our mistakes when we start to make mistakes due to gambling too often and correct them immediately, start to set limits so that the detrimental things don't increase, this will make our lives more orderly.

Winning stories are everywhere and most people share their stories on social media so many people know about it. But we don't really know what happened behind the winnings they experienced, they must have also spent a lot of money gambling and of course also experienced big losses and This win can be said to be a recovery of the money they have lost previously and it is better if we are never tempted by someone's winnings to pursue the ambition of winning because gambling can plunge you into a deeper abyss.

[CODE200]

That's not going to happen if they lack self-awareness though but despite all that, I think that they're still able to get saved from their addiction and to be rehabilitated but the only problem with this one though is the fact that they have to be the one to do the first step and that they should be the one that's willing to do the rehabilitation.

I have both experiences. There was a time when I was gambling day and night and I couldn't even sleep because I wanted to gamble more and more. Money is an addiction and when gambling offers you unlimited money to win, a person will try to win that. This is typical human behavior. When I lost a big amount a couple of times, I promised myself not to gamble anymore. But I ended up trying those games again, but with a low amount of money. If your money is hard-earned, you know the feeling of losing it.

I started changing myself when I lost my entire salary in one session. Then I started to ask myself, what have I got from gambling except losing my hard-earned money? I have worked for a whole month to earn it and it takes a few minutes to lose it. I would I manage my family expenses this month? I had to be more responsible. I have not gambled much since then. Even if I do, the amount does not exceed $50 in one session.

Good for you that you're a changed man despite the allures of addiction, I've seen a lot of people say that if you're addicted, just seek help but they forgot the part where you have to be the one that's ready for the change and that the realization that what you're doing is only going to hurt you is going to be the start towards rehabilitation for any addiction. Although I still you're not fully recovered since you're still gambling from time to time, it's still is a moment for me to be proud of you and many others of similar situation because you've overcome something that a lot have tried to fight but either succumbed to the deepest pits of addiction and just gave it all up or died from it (although it's the worst case, gambling addicts have a low chance of getting to this stage).

[tsaroz]

To be honest, I have also been in your situation but not as bad as you, because I didn't borrow money to gamble, I spent all my savings and at that time I was really frustrated

What you are doing is also not very good because you are not gambling with all your savings balance. In this case, if you take the balance to zero, you may not get enough funds to support your family in the future. Moreover, gambling should not make you go bankrupt, but you should stop gambling when you face large losses. But for those who spend too much time in gambling, controlling themselves from gambling becomes a very difficult situation.

I too fall on the category of people who once lost everything I had. I was an individual person with a monthly salary and no one were depended on me so it was not as huge of a loss but I lost my 1 years of saving that I could have used somewhere. Due to the reasons like difficulty on getting a same day loan, I luckily didn't got a loan for my rage bet but due to losing the savings, a year later, I had to get a loan for my personal need. If I had not lost those savings prior, I might have not needed to take that loan.
Fast forward today and I'm loan free and still not being able to stop myself from gambling, I now have much more control over my gambling habits.

[Julien_Olynpic]

I will not say that you cannot play with credit money. This is quite possible, but provided that you fulfill many requirements:
1. The loan amount is not too large for you. In the worst case scenario, if you lose all your money, it should take you no more than two months to pay off the debts on your loan.
2. Take out a loan only with an interest-free period of several months to repay the amount without interest. With modern bank promotions this is possible.
3. First formulate your strategy, then test it several times on different series of games. Your task is to collect as detailed statistics as possible.
4. There are many other non-obvious rules that do not contradict these, but these are enough for a start

[DabsPoorVersion]

To be honest, I have also been in your situation but not as bad as you, because I didn't borrow money to gamble, I spent all my savings and at that time I was really frustrated

What you are doing is also not very good because you are not gambling with all your savings balance. In this case, if you take the balance to zero, you may not get enough funds to support your family in the future. Moreover, gambling should not make you go bankrupt, but you should stop gambling when you face large losses. But for those who spend too much time in gambling, controlling themselves from gambling becomes a very difficult situation.

I too fall on the category of people who once lost everything I had. I was an individual person with a monthly salary and no one were depended on me so it was not as huge of a loss but I lost my 1 years of saving that I could have used somewhere. Due to the reasons like difficulty on getting a same day loan, I luckily didn't got a loan for my rage bet but due to losing the savings, a year later, I had to get a loan for my personal need. If I had not lost those savings prior, I might have not needed to take that loan.
Fast forward today and I'm loan free and still not being able to stop myself from gambling, I now have much more control over my gambling habits.

This is what everyone needs when it comes to gambling. It's important to realize that we should have control over our gambling activities to avoid situations where we become desperate to make instant money through gambling. Oftentimes, instead of remaining calm while playing, we end up losing control and betting huge amounts of money in the hope of an immediate and large win. Unfortunately, our expectations of winning do not always match the actual outcome of the bet.

Those who have been in a similar situation can relate to the feeling of regret that comes with it. Just like when we lose money through gambling, it's common to make the mistake of trying to win it all back by continuing to bet. However, this often leads to losing even more money due to impulsive and thoughtless actions.

[AirtelBuzz]

It is not good to do anything with debt be it investment or gambling. Gambling I think depends a lot on luck. Many people think that gambling can make a lot of money and they get greedy and get addicted to gambling and even go into debt. Whenever people gamble with debt and lose that gamble i.e. suffer financially, their families are in turmoil. So everyone should avoid debt and avoid gambling.

[Shishir99]

Although I still you're not fully recovered since you're still gambling from time to time, it's still is a moment for me to be proud of you and many others of similar situation because you've overcome something that a lot have tried to fight but either succumbed to the deepest pits of addiction and just gave it all up or died from it (although it's the worst case, gambling addicts have a low chance of getting to this stage).

Gambling from time to time and the Gambling addicted are not the same thing. Some people gamble every day yet they are not gambling addicted. If someone has control over their emotion and they can quit gambling anytime they want, they are not gamblers. I haven't gambled in the last three weeks. Now, if you ask any addicted person to stay away for a week, they won't be able to do it. But, I could give you a gurantee that I am not a person like that. I never was addicted to gambling. But yes, I have wasted a lot of money and I learned how to control myself. My own responsbility tought me the lesson. If you ask me what is my position at this moment, I am still in profit bro.

[maydna]

It is not good to do anything with debt be it investment or gambling. Gambling I think depends a lot on luck. Many people think that gambling can make a lot of money and they get greedy and get addicted to gambling and even go into debt. Whenever people gamble with debt and lose that gamble i.e. suffer financially, their families are in turmoil. So everyone should avoid debt and avoid gambling.

If the debt is intended for investment or gambling, it will only give us difficulties where we still have to pay back the debt every week or month until the debt is paid off. Meanwhile, we don't know when to profit from our investment or win the gambling game. Playing gambling to make money cannot always be obtained because there is the potential for losing, so every gambler should be aware of this so that they do not try too hard when playing gambling. Those who gamble must be able to remember that gambling is entertainment where they don't need to play for too long, let alone chase wins or recover from losses. And if they keep borrowing money to gamble, they will have difficulty paying back their debt.

[AicecreaME]

Good for you that you're a changed man despite the allures of addiction, I've seen a lot of people say that if you're addicted, just seek help but they forgot the part where you have to be the one that's ready for the change and that the realization that what you're doing is only going to hurt you is going to be the start towards rehabilitation for any addiction. Although I still you're not fully recovered since you're still gambling from time to time, it's still is a moment for me to be proud of you and many others of similar situation because you've overcome something that a lot have tried to fight but either succumbed to the deepest pits of addiction and just gave it all up or died from it (although it's the worst case, gambling addicts have a low chance of getting to this stage).

When it comes to gambling addiction treatment and recovery, one's acceptance of his true condition, alongside with his willingness and determination to heal from it will really play an important role in the process. It's essential for one to acknowledge and accept that you are addicted. Some might be in denial at first, but it's needed for oneself to stop escaping the reality that you have something to work on to. To have a successful gambling rehabilitation, you must come clean to yourself and accept that you need help and counsel from the professionals. It will not really work as intended if you will hold yourself back because you don't want to acknowledge that you have to undergo to something and you have to remove things in your life that doesn't add value.

[Weawant]

It is not good to do anything with debt be it investment or gambling. Gambling I think depends a lot on luck. Many people think that gambling can make a lot of money and they get greedy and get addicted to gambling and even go into debt. Whenever people gamble with debt and lose that gamble i.e. suffer financially, their families are in turmoil. So everyone should avoid debt and avoid gambling.

Investing with a loan isn't so much of a bad idea but then it must an investment that comes with some level of certainties, and it also depends on the time frame of the loan and the investment aswell. But then it's not very much advisable to gamble with borrowed funds because gambling comes with so much uncertainties.

You can't be investing borrowed funds on something that comes with so much of uncertainties such as gambling because if it turns out against you, your creditors will not want to wait after the expiration of the loan term , they will definitely come back at you not minding if you lost the money to whatever you did used it for but if you have invested it in some tangible investment which can be trusted, it could have possibly yielded profit by the end of the loan term especially if it's a short term investment plan.

[Westinhome]

Good for you that you're a changed man despite the allures of addiction, I've seen a lot of people say that if you're addicted, just seek help but they forgot the part where you have to be the one that's ready for the change and that the realization that what you're doing is only going to hurt you is going to be the start towards rehabilitation for any addiction. Although I still you're not fully recovered since you're still gambling from time to time, it's still is a moment for me to be proud of you and many others of similar situation because you've overcome something that a lot have tried to fight but either succumbed to the deepest pits of addiction and just gave it all up or died from it (although it's the worst case, gambling addicts have a low chance of getting to this stage).

The addiction to the gambling will be caused by the targeting of the money loss in the gambling site.The gamblers take huge time to recover from the gambling addiction,because the most of the gamblers will not know their addiction to the gambling at the initial stage.The gamblers who earned money from the gambling site will get the over confidence to the success in the gambling site.Because they thought themselves as the successful person in the gambling site.They thought their strategy will give them the money again and again,but the fact is the algorithm of the gambling site will be altered with the specific time interval.

[Barikui1]

That is what it entails to be an addictive gambler, you wouldn't realize the damaging effect it is having In your life till you have been wreck.
Gambling with what you can't afford to lose brings an added pressure to you as a gambler, talkless of borrowing money for it, I think it suicidal, in as much as how heart breaking an touching the op story was, it wouldn't be anything to someone that is already addicted, as I am now, I need no body preaching to me about gambling for me to know the damaging effect it have on an individual, because I have experience it first hand, so I just wish other could learn from the op terrible experience.

[kojektea]

Cheers to you, friend, I hope you can quickly pay off your bank loan, so far or since I gambled, I have never done anything very fatal financially, even though I made a mistake, it probably only took 1-4 weeks to recover financially, from your experience I can pressure myself to gamble appropriately or gamble with what I am willing to lose

[STT]

Look at this in a big picture maths type way for each part of the equation.   The gambling part is basically a game, the game has a cost to its operation and play.  We all know you can win, profit and come away richer but big picture view Iam merely stating what is the average outcome cold hard case scenarios.  On average a game has a cost to play.    So nothing wrong with playing a game but to borrow money it has to be justified in the use of that borrowed money.  
  To borrow money also has a cost, you receive the utility on money to use today and tomorrow you will be required to return more then you originally borrowed.    So unfortunately with very slight detail to our consideration, we have cost to borrow and cost to play; there is a big danger of both being negative outcome.
   In conclusion we must say no to borrowing money to gamble, it amplifies our risk and our pain on the not win scenario and we must be fair and consider not winning is always at least half the possibilities we face.  Be honest before doubling up a bet, sometimes boring hard way to life is still alot less painful then blind hope.   OP sounds like he is on his way back to a good path and I have faith he will succeed Ive a had a friend do similar while trying to setup a business nothing is easy.

[noormcs5]

Investing with a loan isn't so much of a bad idea but then it must an investment that comes with some level of certainties, and it also depends on the time frame of the loan and the investment aswell. But then it's not very much advisable to gamble with borrowed funds because gambling comes with so much uncertainties.

Taking a loan and doing any type of business where you know you have the skills to take it to the next level, is not a bad idea. Many people do not have the initial investment and taking loan is the only option for them to setup the business and the excel in it.
However, getting loan for gambling is not a wise thing to do, the reason being the outcome of gambling is not defined and cannot be predicted or changed with skill level. Its only depend upon the luck. If we have bad luck, then we can lose all the money in gambling and the outstanding loan will still remain with us and we have to return it no matter we lose or win in gambling.
Yes, there are chances that we may win in gambling and return the loan easily, but it is again not certain and based upon luck. If we have good luck, only then we can change our fortune else if we lose, we can be in deep trouble as we still have to return that loan.

[CryptSafe]

These days, learning from peoples experience saves stress and makes one keeps abreast of happenings as it bothers around such activities. In scenarios as this, it is unwise to just take it upon oneself to do such. Borrowing to gamble does not sounds normal. It is just like one rubbing their hands in excretes when you are given water to wash your hands. Gambling is not a bad idea but that should not warrant you to get addicted to the point of going after a loan to gamble. If it is okay for one to look into gamblers histories, one would be able to learn from it and use it as a guide if they still deem it fit to gamble. But however like they say experience is a teacher only a reasonable person would learn from that experience and not act otherwise. OPs case should be a lesson as well.

You are right because by learning from other people's experiences, a person can gain more knowledge, which will be useful for him if he faces problems that are similar to those experienced by other people. He can look for solutions to solve his problems without confusion and will only take a short time to get the solution. He could also avoid anything similar to the knowledge he had gained so that nothing bad would happen to him. He can also be wise when facing something different so that his decisions will also be adjusted to these conditions. When he doesn't have money to gamble, he also won't borrow money from other people because he already knows from other people's experience that borrowing money to gamble is not recommended. After all, it will pose a greater risk for him. He would always avoid it because he didn't want to get into trouble that he couldn't face.

Exactly! I can say that we don't have to experience any kind of problem in order for us to learn because we can still learn from other people's mistakes and we can get an Idea from them how to prevent things to happen to us just in case we find ourself in that situation. this kind of incident is very typical irresponsible gambler problem, so I think many gamblers out there see this as an eye opener for them to not do it but it really depends because sometimes, even they knew what will be the consequences of doing it, they still do it for the sake of their satisfactions.

It is good as a gambler, you open your eyes and ears to see and hear as to know what is happening in the gambling world because there are lots of stories which you as a gambler could learn from after hearing about it. When you listen and hear from someone's experience as a gambler, that would give you guidelines on how to go about your own ways while gambling so that you so not be a victim of some certain circumstances that could befall you. Applying the precautionary measures to the issues you have heard from a gambler as their experience could help you scale through hurdles successfully when you encounter such in the course of gambling.

It would be a good thing for you on at least be wary about real time experience of others on which you could really be able to reflect out into your own self on which it would really be just that able to make those realizations for yourself if you would really be just making use of your own common sense. Doesnt really need to see up others unfortunate conditions before you would be able to make yourself that make those realizations. We do know that gambling is really just that for fun and there's no way that you could really just that simply make yourself that
playing with a loaned amount of money or came from other sources on which you would be needing to repay it up on particular due time.
This is why it would be always best on making use of spare money and dont make yourself that desperate.

gambling and borrowing money is a life ruin scenario. Never mind borrowing from a bank which definitely requires interest on the loan. Gambling by borrowing money from relatives or friends is also the same, although without interest.

If that happens, stop gambling and return to the real world to manage your finances. Don't get down and give up, instead you have to get up even harder so you can pay off the debt you incurred, but in the right way. rather than returning to gambling in the hope of making a profit and being able to pay off debts.

then after that everything is normal, please return to the world of gambling and always remember the disaster that happened to you before. just gamble for fun and use money you never use or money that won't interfere with your life. If you can, stop gambling.

Indeed borrowing money to gamble is a life ruin scenario which really does not worth it. Imagine paying a debt you never made any profit from and also paying interest on it when you lose the loan to gambling after putting your hope with high expectations of winning and also making huge profits but the reverse became the case.
Do not think of getting loan from family or relatives even if they do not require you to pay interest or inquire to know what you used the money for but when it is time for repayment, you do not have enough funds to pay them and they discovered you told them lies just to get money from the to gamble all in the name of loan, I think that should be the height of insensitivity on your own part as they would never trust your words again when it comes to fiance. You will have your name tagged as a gambler forever and you would always be a reference point for negative explanatory.

[Lanatsa]

Good for you that you're a changed man despite the allures of addiction, I've seen a lot of people say that if you're addicted, just seek help but they forgot the part where you have to be the one that's ready for the change and that the realization that what you're doing is only going to hurt you is going to be the start towards rehabilitation for any addiction. Although I still you're not fully recovered since you're still gambling from time to time, it's still is a moment for me to be proud of you and many others of similar situation because you've overcome something that a lot have tried to fight but either succumbed to the deepest pits of addiction and just gave it all up or died from it (although it's the worst case, gambling addicts have a low chance of getting to this stage).

When it comes to gambling addiction treatment and recovery, one's acceptance of his true condition, alongside with his willingness and determination to heal from it will really play an important role in the process. It's essential for one to acknowledge and accept that you are addicted. Some might be in denial at first, but it's needed for oneself to stop escaping the reality that you have something to work on to. To have a successful gambling rehabilitation, you must come clean to yourself and accept that you need help and counsel from the professionals. It will not really work as intended if you will hold yourself back because you don't want to acknowledge that you have to undergo to something and you have to remove things in your life that doesn't add value.

Once you dont have that self acceptance about on the mistake that you have done, then you wont really be finding yourself anytime soon to be cured up with those gambling addiction that you do have.
We do know that there are things that could definitely be stopped if you are really just that sensible on the things you've been doing. If you are really that serious on quitting gambling then
your mind and self realizations would really be enough for you to do so. If you dont have this kind of thing then you would really be ending up on having those addictions becomes worst
as the time goes by.

For those conditions or situations on which you are really that gambling with loan money then it would really be just that right that you should really know in the first place
that doing such act is never been that good. Borrowing money for the sake of doing gambling? This is a solid sign that you do have gambling
problems because people who are in good control wont really be definitely be doing such act.

[Julien_Olynpic]

There are things that greatly distinguish traditional business from gambling or, for example, trading. In business, if you have a skill, as well as the business that you are doing and this is a business in which you have already achieved some success, then you can take out a loan for it. I know businessmen (and their approach seems reasonable to me) who do not even take out a loan to develop their business. After all, it must be paid back with interest. What if you take out a loan, and your business goes into decline and there is no money to repay the loan? We see that even in business this is something that can be a source of serious losses.
     As for gambling, where your winnings are not guaranteed at all and where, as a rule, you have a negative advantage over the casino, the situation is even more complicated.
     I always recommend doing an experiment with small amounts of money before taking out a loan.

[ethereumhunter]

Cheers to you, friend, I hope you can quickly pay off your bank loan, so far or since I gambled, I have never done anything very fatal financially, even though I made a mistake, it probably only took 1-4 weeks to recover financially, from your experience I can pressure myself to gamble appropriately or gamble with what I am willing to lose

By knowing other people's stories about their gambling experiences, we can learn to avoid it if it will bring us harm so that we don't have to experience it. You have made a mistake, and you are lucky to be able to recover from it in a short time. That is an experience you must remember and avoid again because it is a mistake you have made in the past. That's why we have to really put pressure on ourselves when playing gambling not to use money that we can't afford to avoid more losses. We must control the use of our money and must not gamble excessively. And what we must always remember is that we don't need to borrow money to gamble, otherwise we will get into trouble later.

[EarnOnVictor]

That's not going to happen if they lack self-awareness though but despite all that, I think that they're still able to get saved from their addiction and to be rehabilitated but the only problem with this one though is the fact that they have to be the one to do the first step and that they should be the one that's willing to do the rehabilitation.

I have both experiences. There was a time when I was gambling day and night and I couldn't even sleep because I wanted to gamble more and more. Money is an addiction and when gambling offers you unlimited money to win, a person will try to win that. This is typical human behavior. When I lost a big amount a couple of times, I promised myself not to gamble anymore. But I ended up trying those games again, but with a low amount of money. If your money is hard-earned, you know the feeling of losing it.

I started changing myself when I lost my entire salary in one session. Then I started to ask myself, what have I got from gambling except losing my hard-earned money? I have worked for a whole month to earn it and it takes a few minutes to lose it. I would I manage my family expenses this month? I had to be more responsible. I have not gambled much since then. Even if I do, the amount does not exceed $50 in one session.

Good for you that you're a changed man despite the allures of addiction, I've seen a lot of people say that if you're addicted, just seek help but they forgot the part where you have to be the one that's ready for the change and that the realization that what you're doing is only going to hurt you is going to be the start towards rehabilitation for any addiction. Although I still you're not fully recovered since you're still gambling from time to time, it's still is a moment for me to be proud of you and many others of similar situation because you've overcome something that a lot have tried to fight but either succumbed to the deepest pits of addiction and just gave it all up or died from it (although it's the worst case, gambling addicts have a low chance of getting to this stage).

It is in two categories my friend, and as we all know if we look around us, we people are not made the same way, we have abilities and restrictive power more than each other. Some are so wise and talented, while others are so foolish and you will barely know what they are good at. The same thing is applicable to our minds as well, some people have weak minds, while others have strong minds. For those who have strong minds, it is easy for them to say no to addiction or what they just do not want anymore, this is simply because they have the Willpower due to their strong mind. But for those who are weak in their minds, they might probably need external help before they can do the right thing. This is why the advice in gambling has never been general if we are to be thorough, we should advise based on the individual situations. I've won the addiction to gambling once, but for other things, many times since I have that strong mind. But others will not be able to do that, though it it good to try that first, but if it is not working, I advise the person or the people around him to seek help for them before it is too late.