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

[Oilacris]

I empathize with what you're going through. Two years is indeed a long time, and it's like being shackled by severe financial constraints. This can be a valuable lesson for all of us, emphasizing the real dangers of addiction. Even borrowed money should be used wisely to ensure smooth bill payments.

I sincerely hope you find a job with a good income soon to expedite the repayment of your debts. Also, I hope you won't repeat this mistake in the future. If I were in your position, I might feel deeply affected by such circumstances.

But the analysis of his wrongdoing is so exact that I wonder why he risked a period of two years necessary to recover in case it goes wrong. If you are able beforehand to calculate the cost of your action like that, I mean it also takes a lot to go for it if you know that it takes two years until you can finally breath normally again in terms of financials. On the one hand, it is a sad story because I wish nobody to have bad times ahead of them, but on the other hand it is a little bit shocking to see that he went for it regardless of the consequences.

We do know that loan terms could neither be playing around 6-12 months or even more and those amounts could really be that easily be blown up in an instant on the time that you do play gambling.
For those people who do make out decisions on taking up a loan and just simply playing those amount of money in gambling. Do they really ever think on what are the things that they would really be needing to pay up which it could be a long time? Dont know on where they do put up that rational thinking on trying out to balance in between risks and reward.
Dont know on where they do put up their brains on trying out to escalate whether its worth or not. Gambling with loan money is never been wise in the first place.

[Westinhome]

We do know that loan terms could neither be playing around 6-12 months or even more and those amounts could really be that easily be blown up in an instant on the time that you do play gambling.
For those people who do make out decisions on taking up a loan and just simply playing those amount of money in gambling. Do they really ever think on what are the things that they would really be needing to pay up which it could be a long time? Dont know on where they do put up that rational thinking on trying out to balance in between risks and reward.
Dont know on where they do put up their brains on trying out to escalate whether its worth or not. Gambling with loan money is never been wise in the first place.

The gambler who was in the big loss in the gambling should develop his skills in the game which he use to play in the gambling sites.The gambler who had time to learn the game should spend their time to analysis the game and increase their skill to that game.It May take of 6-12 months to reach the complete skills in the gambling site.But the gamblers should not consider it as the waste of time.It’s like investing of time for the future profit,Gambler should not begin gambling with the loan money.The gamblers also spend 6-12 months to get ready of their initial capital for the gambling sites.This prevent you from more burden in future.

[o48o]

I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. 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

I am not judging, we all have done stupid things and if you have learned from it you have gained a lesson that's hard to forget. And you needed that.
Consider it as a crash course lesson that costed $2180. People pay more for ineffective rehab. Now it's up to you if you want to pay for more lessons or if you remember it.

I have a rule that i take only loan money if they are for imminent bills. Bills that i have messed up for a good reason, and i am making sure that ideally i won't make those kind of bills anymore. Even though loan might just be one of the bad reasons that lead me to circle of debt that only gets deeper as interest rate digs the hole deeper.

So hopefully you have a decent plan to pay it back and it doesn't involve gambling it. As obviously you might win, but losing it again would absolutely destroy your finances.

[Wiwo]

We do know that loan terms could neither be playing around 6-12 months or even more and those amounts could really be that easily be blown up in an instant on the time that you do play gambling.
For those people who do make out decisions on taking up a loan and just simply playing those amount of money in gambling. Do they really ever think on what are the things that they would really be needing to pay up which it could be a long time? Dont know on where they do put up that rational thinking on trying out to balance in between risks and reward.
Dont know on where they do put up their brains on trying out to escalate whether its worth or not. Gambling with loan money is never been wise in the first place.

The gambler who was in the big loss in the gambling should develop his skills in the game which he use to play in the gambling sites.The gambler who had time to learn the game should spend their time to analysis the game and increase their skill to that game.It May take of 6-12 months to reach the complete skills in the gambling site.But the gamblers should not consider it as the waste of time.It’s like investing of time for the future profit,Gambler should not begin gambling with the loan money.The gamblers also spend 6-12 months to get ready of their initial capital for the gambling sites.This prevent you from more burden in future.

Lesson have a o be learned and also,  skills needs fo be build,  this way,  the gamblers will operate in a stable position that will limits his possibility of making further loses in the future and the most things I have learn from gambling loses is that,  it teaches us some great lessons,  such as.

1: ability to manage the risk of the game in the future

2: the push to acquire more skills to beat the game on the next session,  this are the most looked at thing that we have done at most times and it have helped us all if you take the lessons seriously.

[Casdinyard]

If you feel like people who do this kind of thing are just few and they are stupid, think again. This is so prevalent in the gambling industry that certain countries like Australia even had to impose a ban on using credit cards in gambling sites and sportsbets to make sure that no one's digging their own graves trying to gamble their whole life away. So yeah, real PSA for everyone out there, don't gamble if you can't afford shit. Gambling wouldn't give you anything but entertainment, the money is never a guarantee and by the moment you login your acccount/step inside the casino, you should already set your mind to the fact that you're not gonna win anything and you'd probably end up empty-handed after the ordeal, but don't let it get to you and just gamble for the sake of enjoyment.

[Davidvictorson]

Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. 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

There is someone out there in the world or even reading this thread that is telling himself that his story will be different that the money he borrowed, he can double it from his gambling activities because he sees it as an investment and not gambling.

OP sorry about this but sadly in next month someone else will share the same experience because we learn better from our own ordeal than from the ordeal of others.

There is already enough resources on this forum to help them act right and fix their gambling habits.

[Africolo]

It is obnoxious for anyone to borrow money just to gamble because, in my wisdom, it is as good as using all your income to gamble. I always advise people to use only 20% of their income to gamble and that's if they cannot stop. Gambling has wrecked more lives than it has brought people out of the trenches. The writer's story should serve as an eye-opener to other gamblers, especially people new to it because statistically, they are the most vulnerable.

[letteredhub]

If you feel like people who do this kind of thing are just few and they are stupid, think again. This is so prevalent in the gambling industry that certain countries like Australia even had to impose a ban on using credit cards in gambling sites and sportsbets to make sure that no one's digging their own graves trying to gamble their whole life away. So yeah, real PSA for everyone out there, don't gamble if you can't afford shit. Gambling wouldn't give you anything but entertainment, the money is never a guarantee and by the moment you login your acccount/step inside the casino, you should already set your mind to the fact that you're not gonna win anything and you'd probably end up empty-handed after the ordeal, but don't let it get to you and just gamble for the sake of enjoyment.

One thing is to give warning to people against taking loan to gamble and another is left for them to accept the warning or not. Imposing a ban doesn't make them not scramble for other means to attain loans to use for gambling. Many gamblers do this alot and it baffles me what gives then the guarantee that they are going to win and recover their losses to be able to repay the loan money when they couldn't get a win when they were using their own very money that was taken as a loan. It's stupid and silly yet people do it and am lost in the ideology behind that action for people who this.

[Accardo]

If you feel like people who do this kind of thing are just few and they are stupid, think again. This is so prevalent in the gambling industry that certain countries like Australia even had to impose a ban on using credit cards in gambling sites and sportsbets to make sure that no one's digging their own graves trying to gamble their whole life away. So yeah, real PSA for everyone out there, don't gamble if you can't afford shit. Gambling wouldn't give you anything but entertainment, the money is never a guarantee and by the moment you login your acccount/step inside the casino, you should already set your mind to the fact that you're not gonna win anything and you'd probably end up empty-handed after the ordeal, but don't let it get to you and just gamble for the sake of enjoyment.

I understand that these people don't know what their actions are all about, until they've landed into a bigger trouble. He was experiencing a fake love for his newly funded blackjack game. Despite losing, he felt taking loans would be a better form of extending his fun time. The goal was not actually getting his funds back, but to keep on being excited. Some utilities, aside gambling can cause these things, unless we take a break or run out of funds, the brain won't relax to this level of realizing we've been down 2 years back. He was a newbie, when he joined gambling, self control wasn't there, and a good adviser to stop him, even the lender should have stopped him. Although in such a condition, no word of mouth is able to change the person's mind or action. People who lend gamblers money, can have a rethink or do further research before giving out the money. Well, I don't know the current source of income for OP, but he'll need to find a better paying job, to fasten the pay back time. Predicting it'll take him 2 years to clear his debts, can cause him a breakdown, as he won't find actual fun, till he clears it all. The sooner he pays back his debt, the better for his mental health. Then, he shouldn't hide things from his closed ones, opening up is a great way of solving his problems.

[Jody.Drummer]

It is obnoxious for anyone to borrow money just to gamble because, in my wisdom, it is as good as using all your income to gamble. I always advise people to use only 20% of their income to gamble and that's if they cannot stop. Gambling has wrecked more lives than it has brought people out of the trenches. The writer's story should serve as an eye-opener to other gamblers, especially people new to it because statistically, they are the most vulnerable.

Of course that's a completely ridiculous approach to gambling, they think that next session they'll get lucky and break even so they're desperate enough to take out a loan just to gamble, it's completely out of my mind. After all, it's just gambling where the end result really can't be predicted and only depends on your luck at the time, so with that alone I think they should be able to consider that excessive behavior in gambling is really not recommended and should not be done.

Your advice is quite good but I think by putting 20% of our income for gambling is too big, for myself honestly the most I only dare to put 10% of the income I have for gambling, but it doesn't matter if they are able to account for everything and are able to accept whatever the results are the point is not to affect mentally, psychologically and costs for your life. Statistically it is usually the beginners who are most vulnerable, it is true because beginners will usually be ambitious when they see a chance of winning, so you and they must be more careful and change that mindset.

[Iroh]

It's not new seeing this, because I'm the recent past I have seen people turn out victims of what they usually advised people against probably because bat some point they were constrained and could no longer stay disciplined well enough to adhere to the advise they even give out.

Borrowing to gamble is definitely not something any One should consider at any point, this is because of the too many uncertainties attached to gambling, you almost can't tell when you are going to turn out lucky with the casino and if it turns out you aren't Lucky especially when you stakes the money you borrowed it becomes a problem for you because you will have to pay back your loan regardless of the circumstances that befell you.

Some people are also hypocritical and are quick to give advise that likely wasn’t asked for or wanted. It’s very easy to give out advice but a little difficult to follow our own advice ourselves. And people are guilty of doing this. Also, like you noted, some people let the urge for their gambling habit get the better of them and they go borrowing to gamble in hopes of winning some more money.

That’s how loans work. An individual takes out a loan from wherever. Gambles with it and loses. He has lost out in his bets and now, he has a debt hanging over his head. The lender only cares about getting his money.

[klidex]

Nothing can be more foolish than taking a loan from the bank and gambling with that money. Gambling is a completely uncertain thing, here you are more likely to lose, because it is high risk. Gambling addiction is the most harmful addiction. A person who is addicted to gambling has his life slowly pushed towards destruction. Just like the OP is two years behind in her life. So beware of gambling, and I think you will get much better returns if you invest the money you gamble with long term in bitcoin or other good alt coins. That will be best for you.

I agree with what you said that gambling with borrowed money is a really stupid act, how could it not be thats gambling itself should not be used too excessively, let alone taking out loans just to chase losses or chase winning because that will cause risky for gamblers also have to bear quite high interested charges and the worst thing is that gambling will not give them a win even if the gambler uses the money from the loan so they will only get worse as the situation get worse.
Investing money in cryptocurrencies will created more certain profit in the future, which is different from using gambling which provides uncertain profits.

[dansus021]

Sorry for your loss as well. I hope it was not as big as the one OP has shown to us, by the way.
In my opinion, crash is one of the most unpredictable Games one can gamble one's money on. Playing it is like going all or nothing in a casino, it would have been better if you went and played other different kind of game instead crash (like blackjack or dices, which allows you to adjust the degree of risk you want to take) or just simply you could have withdrawn. It is what it is, in the end greed can be a very strong force which would inevitably make us lose.

Haha thanks, and yes crash is an unpredictable game but I make like double in an hour for doing that game. but yes at the end Im really crash all of my balance.

Do people mistakes in life but some mistakes are such that it is difficult to recover from them.
Unless he does not have any proper source of income, where he can get reasonable money, he can't get out of it.

I know right but the good thing for now is pay the debt or something bad gonna happen, I know it will be hard but the interest on loan money keeps adding.

[carlfebz2]

It's not new seeing this, because I'm the recent past I have seen people turn out victims of what they usually advised people against probably because bat some point they were constrained and could no longer stay disciplined well enough to adhere to the advise they even give out.

Borrowing to gamble is definitely not something any One should consider at any point, this is because of the too many uncertainties attached to gambling, you almost can't tell when you are going to turn out lucky with the casino and if it turns out you aren't Lucky especially when you stakes the money you borrowed it becomes a problem for you because you will have to pay back your loan regardless of the circumstances that befell you.

Some people are also hypocritical and are quick to give advise that likely wasn’t asked for or wanted. It’s very easy to give out advice but a little difficult to follow our own advice ourselves. And people are guilty of doing this. Also, like you noted, some people let the urge for their gambling habit get the better of them and they go borrowing to gamble in hopes of winning some more money.

That’s how loans work. An individual takes out a loan from wherever. Gambles with it and loses. He has lost out in his bets and now, he has a debt hanging over his head. The lender only cares about getting his money.

Yes, this is true on which there are people who do make or give out some advises as if they arent ones who are committing on the same thing but actually these kind or type of questions doesnt really need to be having that critical thinking for you to be able to make some responses basing up on with their own common sense but eventually trying out to handle yourself into those hard conditions of someone is actually not that really
so easy to handle when you are on such situation. This is why we cant really make out those kind of conclusions yet but at least we are really that wary on what are the things that should really be done in case we are on such situation.

[junder]

Nothing can be more foolish than taking a loan from the bank and gambling with that money. Gambling is a completely uncertain thing, here you are more likely to lose, because it is high risk. Gambling addiction is the most harmful addiction. A person who is addicted to gambling has his life slowly pushed towards destruction. Just like the OP is two years behind in her life. So beware of gambling, and I think you will get much better returns if you invest the money you gamble with long term in bitcoin or other good alt coins. That will be best for you.

I agree with what you said that gambling with borrowed money is a really stupid act, how could it not be thats gambling itself should not be used too excessively, let alone taking out loans just to chase losses or chase winning because that will cause risky for gamblers also have to bear quite high interested charges and the worst thing is that gambling will not give them a win even if the gambler uses the money from the loan so they will only get worse as the situation get worse.
Investing money in cryptocurrencies will created more certain profit in the future, which is different from using gambling which provides uncertain profits.

By taking a loan to gamble is a very stupid decision, they can't possibly turn things around that way, even if they do that way, where they will be even more difficult because they have more responsibility to pay off their debts as well as high interest as you said. Their daily lives will not be calm because they are chased by the debt and the debt will haunt them every step of the way. Not to mention the risk of debt collectors who will chase them if they cannot pay off their debts, also this will have an impact on their families, where there will be people who terrorize them because they have debts that they cannot pay off. It's best not to take out a loan if you don't want something bad to happen, because it could be that taking out a loan to gamble will bring bad luck to yourself and your family.

You are right, it is better to make an investment, although it also has risks but it is unlikely to be like gambling. So it is better to avoid borrowing money for gambling, because it is a stupid act if we do that maybe we have lost our minds.

[slapper]

It is obnoxious for anyone to borrow money just to gamble because, in my wisdom, it is as good as using all your income to gamble. I always advise people to use only 20% of their income to gamble and that's if they cannot stop. Gambling has wrecked more lives than it has brought people out of the trenches. The writer's story should serve as an eye-opener to other gamblers, especially people new to it because statistically, they are the most vulnerable.

Of course that's a completely ridiculous approach to gambling, they think that next session they'll get lucky and break even so they're desperate enough to take out a loan just to gamble, it's completely out of my mind. After all, it's just gambling where the end result really can't be predicted and only depends on your luck at the time, so with that alone I think they should be able to consider that excessive behavior in gambling is really not recommended and should not be done.

Your advice is quite good but I think by putting 20% of our income for gambling is too big, for myself honestly the most I only dare to put 10% of the income I have for gambling, but it doesn't matter if they are able to account for everything and are able to accept whatever the results are the point is not to affect mentally, psychologically and costs for your life. Statistically it is usually the beginners who are most vulnerable, it is true because beginners will usually be ambitious when they see a chance of winning, so you and they must be more careful and change that mindset.

Gambling as entertainment rather than a source of income can be exciting but perilous. Like a movie ticket, we pay for the experience, not the result. Making 10% of your income from gambling? What a commitment! Gambling should be a fun side dish, not our financial main entrée. Wouldn't we rather invest or save that money? Gamblers' zeal often blinds them to its harsh reality. Teaching a child to ride a bike doesn't start on a mountain trail. They must comprehend the fundamentals and risks. Gamblers must learn the odds, know when to stop, and most importantly, avoid mental, financial, and psychological harm. Shouldn't we promote responsible gambling and balanced risk-taking?

[ethereumhunter]

We are well aware of the risks of gambling with stolen money, especially from loan sharks. How they did it? harsh and merciless. Still, lets go further. We know the risk when we bet our own money: if we lose, its gone. But what about the effects on the mind? A lot of the time, we think we're better than we really are because we're the lucky one. The danger is in the way people think, not in where the money comes from. Basically, gambling should be a way to have fun, not a way to make money. Remember that the house always has the better chances. How about some responsible gambling? It has to do with knowing when to stop and setting limits. The point is not where the money comes from, but how we deal with danger and reward. We gamble for fun, not to get money for things we need. The real risk is believing we can beat a system that is set up to make money

That's why we have to realize that borrowing from anyone to gamble is the wrong decision and we should avoid it because of the risk factor of loss that we can experience when gambling. We should take risks with our own money rather than use money from other people because, with our own money, if the money runs out, we are not responsible for returning the money. But we shouldn't need to use the money to gamble, let alone spend all the money we have. We will only have difficulty paying back the money we borrow if we decide to borrow money from other people. And it is true what you say that gambling is just for fun and not to earn money because that is a difficult thing to do.

[pinggoki]

It is obnoxious for anyone to borrow money just to gamble because, in my wisdom, it is as good as using all your income to gamble. I always advise people to use only 20% of their income to gamble and that's if they cannot stop. Gambling has wrecked more lives than it has brought people out of the trenches. The writer's story should serve as an eye-opener to other gamblers, especially people new to it because statistically, they are the most vulnerable.

You can't really blame them and know what they exactly if you've never been in that situation so I don't think that it's safe to say that it's an obnoxious feeling, a little sympathy goes a long way or maybe put your feet in their shoes, it's easy for us to say that we shouldn't gamble or even be able to control when we are going to stop gambling but the problem with that we are an outsider to the experience so it's easy for us to think that what they just did is easy because we got the benefit of a hindsight. Gambling isn't the culprit in all of this, they are an entertainment provider and although they have a responsibility to take care of their customers and preventing them from becoming addicted, they really can't just outright stop them from gambling for lifestyle purposes because they're still a gambling business and they love and exploit people that are spending and losing a lot of money in their business.

[Dewi Aries]

If you feel like people who do this kind of thing are just few and they are stupid, think again. This is so prevalent in the gambling industry that certain countries like Australia even had to impose a ban on using credit cards in gambling sites and sportsbets to make sure that no one's digging their own graves trying to gamble their whole life away. So yeah, real PSA for everyone out there, don't gamble if you can't afford shit. Gambling wouldn't give you anything but entertainment, the money is never a guarantee and by the moment you login your acccount/step inside the casino, you should already set your mind to the fact that you're not gonna win anything and you'd probably end up empty-handed after the ordeal, but don't let it get to you and just gamble for the sake of enjoyment.

One thing is to give warning to people against taking loan to gamble and another is left for them to accept the warning or not. Imposing a ban doesn't make them not scramble for other means to attain loans to use for gambling. Many gamblers do this alot and it baffles me what gives then the guarantee that they are going to win and recover their losses to be able to repay the loan money when they couldn't get a win when they were using their own very money that was taken as a loan. It's stupid and silly yet people do it and am lost in the ideology behind that action for people who this.

They take out a loan to go back to gambling just for the stupid purpose of recovering the losses they've incurred. That's not a good reason to take out a loan, it's a nonsense reason. Maybe they're doing it because they've lost their minds, so they believe borrowing will help them recover their losses. But they don't think about what will happen if they can't repay the debt, not only maybe but there will also be many problems that they will feel and have to face, there is no way they can avoid the problems they invited at the beginning.
also will invite high risk, instead of spending hours to gamble it is better to call family or friends to fill spare time. to avoid high risk situations they can do various techniques, such as.

1.Stay away from online casinos and gambling sites
2.Turn off your credit cards
3.Don't take out loans
4.Never carry large amounts of cash
5.Delete gambling apps from your phone
6.Don't socialize with friends who gamble
7.Avoid people, places and activities that you associate with gambling.

Gambling is not wrong if they can interpret it as entertainment, but most people misinterpret gambling to make them addicted to gambling.

[danherbias07]

It is obnoxious for anyone to borrow money just to gamble because, in my wisdom, it is as good as using all your income to gamble. I always advise people to use only 20% of their income to gamble and that's if they cannot stop. Gambling has wrecked more lives than it has brought people out of the trenches. The writer's story should serve as an eye-opener to other gamblers, especially people new to it because statistically, they are the most vulnerable.

20% is still a lot of money but it's okay if it comes from their salary and not through a loan. I only use 5 percent of my salary and I am actually just trying to win the jackpot so most of the time it's a loss for me. But, the good part is I don't hate myself too much after losing all that money. Regrets are not there also because I enjoyed playing my favorite games especially Plinko which is so satisfying to watch while the Olinko balls are going down. Well, there are times I get lucky and increase my balance, when that happens I don't try to be brave and increase my bets but I do the same amount so that it will last longer.
Loans will make us regret gambling, I don't think it is wise to use them for that purpose. It should just be for emergencies or accidents. Well, I don't even have a bank account so I think I am safe with that kind of problem. I guess that's also one of the reasons why I don't like making an account and the other is they are just like piggy banks who won't even give you an interest that would make you save more.