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

[justdimin]

I used to know (in a short period of time) you as a person who thinks well, writes well, and understands well. I can't imagine how did you take such decision to continue gamble with such amount which is something significant where we live. Didn't you see the quote anywhere that says do not gamble with an amount that you cannot afford to lose?

I guess this is one of the famous quotes in the gambling industry. But, whatever is done is done. You cannot roll it back. You should learn from the mistake and promise yourself that you won't repeat it. I hope you will manage everthing well again.

I think it's psychology, people do have different psychologies then how smart or stupid you can be. There are very stupid people who have absolutely no brain capacity at all but do not get any psychological problems and could stop at any given moments, and there are very smart people who can solve huge world problems and still have (and likely to have) psychological issues that prevents them from stopping and trying to gamble more.

It's just all about our psychology, and not being able to stop is a big issue and could be considered as something that will definitely hurt people on the long run. I think it should be considered that we are going to end up with something that will benefit everyone if we could seek help the moment we realize that things are going south. I know that it is not a simple task, and I know that it could be something that will be harder to handle, but as long as we have that help, it is going to get better gradually and we will be feeling better.

[FinePoine0]

I am deeply sorry for you being in this kind of situation, you know lessons must be learnt from experience or watching and learning from the mistakes of others, I am sure you must have heard some kind of advice relating to this kind of problem concerning addiction and taking loan to gamble. Many has done this and regretted, now you can see your self facing same problem. I know you must have done that with enough confidence and basically rely on your faith as maintaining positivity at all times, but you ought to know that gambling is risky and not always on the smooth run.
I just hope you find a way to clear off the loan as possible to avoid strict action from the bank. Now you have to clear the debt with 2 years of your life, this is not satisfying and I believe everyone here should learn from this.

Taking out a gambling loan is never the right move. Since there is a matter of profit and loss, once faced with loss and addicted to gambling, it is always risky. I have been gambling for a while and have experienced some losses and gained some benefits. Averaging the losses is high so I am currently taking a break from gambling. People who become emotionally addicted to gambling are more prone to losses.

[Hirose UK]

~snip~

Yes, it's a good idea for us to look for additional income to fulfill our desire to gamble so that no one feels disadvantaged because of the gambling activities we do, especially our family. I think the OP is too reckless by borrowing a lot of money from the bank and dedicating that money to gambling, that is a very risky thing because there is absolutely no guarantee that we will win at gambling.

If it just for the desire to gamble then being too pushy by borrowing money is not good decision and we know what the risks of gambling are and what our responsibilities are as someone who borrows money.
Gambling carries a huge risk of loss that we can't even imagine because no matter how much money we have, it can be used up in the blink of an eye just for gambling and borrowing money gives us the responsibility to pay it back.
From all this it can be concluded that if we borrow money to gamble then when we experience big loss it means we don't have the money to pay back the loan and in the end we are in debt because of our own careless behavior in gambling.

But in my opinion, looking for additional income for gambling is not good because if we just fulfill our desire to gamble, we can still use the money set aside in any amount, even very small amount, because every game and bet has low limit.
I would suggest using additional income as savings or investment to ensure better life in the long term.

If the loan is small it may not be a problem, such as if we participate in a signature campaign and borrow money to gamble because we can pay from the salary of the signature campaign that we participate in.

But you need to know that borrowing money for gambling is not recommended, not because of the size of the amount borrowed, but because of habits and addictions and the tendency to underestimate things that are considered small like that.
Maybe now we only borrow small amounts but in the future does anyone know what will happen?
A person emotions experience unexpected ups and downs and if they are at the top because they have lost, they will definitely be angry and we can do anything without thinking long and borrow large amounts of money to try to recover from our losses.

[Kelvinid]

I am deeply sorry for you being in this kind of situation, you know lessons must be learnt from experience or watching and learning from the mistakes of others, I am sure you must have heard some kind of advice relating to this kind of problem concerning addiction and taking loan to gamble. Many has done this and regretted, now you can see your self facing same problem. I know you must have done that with enough confidence and basically rely on your faith as maintaining positivity at all times, but you ought to know that gambling is risky and not always on the smooth run.

It was his choice but just a big mistake of not thinking about what would happen to him. Nothing to say sorry but we would say that he should learn from this and consider this a reason to think that gambling has no assurance of making money and committing a loan just to gamble is really a big mistake that a person has made. It is done already, he can't turn it back so what he gonna do for now is to focus on paying the debts instead of chasing those losses as it only creates more problems.

[Shishir99]

I think it's psychology, people do have different psychologies then how smart or stupid you can be. There are very stupid people who have absolutely no brain capacity at all but do not get any psychological problems and could stop at any given moments, and there are very smart people who can solve huge world problems and still have (and likely to have) psychological issues that prevents them from stopping and trying to gamble more

True. If you talk about OP, and some of us suggest others not to gamble too much so we don't addicted. But, at some point, we find ourselves gambling too much which we were not recommending to others. Yes, I agree that it's all about phycology. But my point is, nobody knows you better than yourself. Right? I don't think it was the first case for him.

Most of us know where we would be able to control ourself and where we won't be able to control. Let's say I have gambled too much even though I didn't wanted to, I should know that If I start again, I might not be able to stop.

[sunsilk]

It's the first thing that a gambler needs to do, to assess his financial status. If he doesn't have that much money, better to just find himself some other things to do where there's no need for him to spend money.

Find some gambling app games that he can download and just play there with play money. I know that it's not that much fun when there's no real money involved.

But looking to the status financially, that's a strong sense to be considered or else that gambler is going to borrow money just for him to gamble and it's going to be a continuous cycle that's hard to break.

Its simple to understand for people that if they don't have enough money to spend and the currently amount they have is the one they can't afford to lose then don't gamble. Also never go in situation where you can't also afford to happen like borrowing money for the sake of gambling since we all know what will be the end point of this and all people do that got broke.

Much better if he find other thing to earn since for now gambling is nor for this type of people.

While we keep reminding them not to gamble if they can't afford it and they don't have money to gamble. Much better for them to simply stop and don't do anything at all because aside from losing, if they're going to have ways to gamble.

Then, it's easier to have ways not to gamble because you have no reason for it and you have no money at all. You're just going to complicate things when you ask for a loan to gamble.

I don't also suggest to find a gambling free apps to play since it will trigger more their eagerness to gamble especially if they that they are winning to much on free apps and might they think about applying it on real time gambling and might turn worse since as we know the result on free and real is really different.

That's just an alternative, there are gambling apps and games that one can enjoy without having the use of real money. If it's going to trigger them more to gamble, they can't do anything with it when they don't have money.

[Quidat]

I think it's psychology, people do have different psychologies then how smart or stupid you can be. There are very stupid people who have absolutely no brain capacity at all but do not get any psychological problems and could stop at any given moments, and there are very smart people who can solve huge world problems and still have (and likely to have) psychological issues that prevents them from stopping and trying to gamble more

True. If you talk about OP, and some of us suggest others not to gamble too much so we don't addicted. But, at some point, we find ourselves gambling too much which we were not recommending to others. Yes, I agree that it's all about phycology. But my point is, nobody knows you better than yourself. Right? I don't think it was the first case for him.

Most of us know where we would be able to control ourself and where we won't be able to control. Let's say I have gambled too much even though I didn't wanted to, I should know that If I start again, I might not be able to stop.

It is really just that too impossible that we wont really be that wary on the actions that we are making and on the things that we are experiencing. IF we are already that losing that much in gambling
then it would really be just that right that you should really be quitting up right away on the moment that you've seen that you are spending or losing up tons. How much more
on trying out to take some loan just for you to gamble? This is the dumbest decision that you would ever make on the time that you do gamble. You are really that putting yourself
into those huge problems in the future in terms of finances. Getting some loan should really be put up on something useful and not on something that it would be worsening up the
situation.

[Onyeeze]

Gambling with loan should be avoided. But not only that, also gambling with the amount of money that you can not afford to lose should be avoided. The reason I said this is because despite it is not advisable for gamblers to gamble with the amount they can not afford to lose, if they do, they are more likely to lose the money in their bank or wallet address and what they will look to is to get a loan if possible, so that they can continue to gamble. What will also still happen is that they will lose.

Gambling is a game of luck and it's obvious that either you borrow money to gamble or you use your own capital to gamble you may lose so I believe that gambling is all about luck so their is every possiblity that when you borrow money and play gambles you can either win orose the reason why people condemn the act of using a borrowed money for gambling is the implications when you lose but nothing bas using a borrowed money for gambling myself I'm not against borrowing money because is something of luck so therefore I'm not against thats because it can make the gamble with borrowed money

[RockBell]

This is the problem with most of the people who have financial problems. The early wins have given little hope of making money out of gambling, and thats where he went for bigger money spending. The addiction have led him go for a loan. Just think of a situation in which OP have recovered the losses. Will he be stopping soon after that, No, his gambling continues. This is common and myself have experienced it. Whether it is $20 or something big, play with your own money. When you don't have wait for the time. Earn additional money apart from money required for family and spend it. This will not hurt us and the family.

People with financial problem are increasing every blessed day because they have refused to be serious with their life especially their financial life they want money but don't make the right choices to make that money. And has humans we have to learn to think out of the box that is how survival is suppose to be. And early wins have actually put a lot of individuals in trouble because their hopes will always be high and they will want to make more money since the first win was like open door for them. And loans are supposed to be a aid and now some people are taking loan to gamble to me is not reasonable at all. Because what if you don't win and you end up in dept that is not nice at all.

Is their a way you recover all your loses i don't think so because you will continue to lose if you still have the mindset of winning. The best thing that can help anyone on gambling is to reduce their expectations. Their are people that hurt their families just because of the way they have sold their self to gambling. Before any decision is taking consider the damages that can be caused by addiction.

[Huppercase]

You are right because most gamblers are risk takers and no matter how much they lose they will keep on gambling, however I no of someone who lost all his properties because of gambling, he went to bank to get a loan of 10 million of our local currency with the agreement of paying back the money in 3 months time, and drop his property that worth more than 14 million of our local currency and that if he fails to return the money on the agreed months that the bank should take the property, so he collected the money and started using it for gambling and lost all the money through gambling and when the loan was due he could not pay because he had no money to repay so the bank had to sell the property.

So just like you said is not an ideal to borrow money for gambling because the chances of wining is not certain so people should seriously avoid it and perhaps only gamble with the little they no will not affect them if they lose.

I don't know where to categories this man, I'm not sure if he is simp, a finish man or a man that lack sense of reasoning or perhaps should I say basic reasoning is what he lack. I don't know why a sane person with a functioning brain will take a such amount of money in millions and then decide to gamble. What happened to using the money for business and see if it will go well or it will fail instead of going to do gambling that will bring you nothing but pain in the end, indeed they say some people are very senseless and I have seen another one before the year end.

I believe a million is a big amount irrespective of the country that you live and it will go a long way to do things, he had 14 million property that he could just sell because if the Bank that lend him the money knows that if they liquidate the property and it will not be enough, they will not give him the loan but the know that the property was even way above the price, that's why they offer to give the loan and he even blew everything in gambling, a finish man. 

[irhact]

Gambling is a game of luck and it's obvious that either you borrow money to gamble or you use your own capital to gamble you may lose so I believe that gambling is all about luck so their is every possiblity that when you borrow money and play gambles you can either win or lose the reason why people condemn the act of using a borrowed money for gambling is the implications when you lose but nothing bas using a borrowed money for gambling myself I'm not against borrowing money because is something of luck so therefore I'm not against thats because it can make the gamble with borrowed money

We shouldn't advice people to borrow money for gambling as gambling is a very unpredictable game and borrowing money means you can lose that money and be in debt to the lender. Borrowing money isn't a good thing to do as gambling should be done for entertainment purposes. Winning in gambling isn't guaranteed therefore we shouldn't put hopes on gambling or we'll end up disappointed. Many individuals that have borrowed to gamble has regretted.

Just because others are borrowing and gambling to get wins doesn't make it the right thing to do. Those individuals gambling might be lucky but you don't know if you also will be lucky when you borrow money and gamble. Always use your spare money to gamble because you can lose that money and when you use your spare money you won't be filled with revenge energy that'll make you to want to gamble more so you can revenge the losses that you have already gotten.

[wxa7115]

This is the problem with most of the people who have financial problems. The early wins have given little hope of making money out of gambling, and thats where he went for bigger money spending. The addiction have led him go for a loan. Just think of a situation in which OP have recovered the losses. Will he be stopping soon after that, No, his gambling continues. This is common and myself have experienced it. Whether it is $20 or something big, play with your own money. When you don't have wait for the time. Earn additional money apart from money required for family and spend it. This will not hurt us and the family.

People with financial problem are increasing every blessed day because they have refused to be serious with their life especially their financial life they want money but don't make the right choices to make that money. And has humans we have to learn to think out of the box that is how survival is suppose to be. And early wins have actually put a lot of individuals in trouble because their hopes will always be high and they will want to make more money since the first win was like open door for them. And loans are supposed to be a aid and now some people are taking loan to gamble to me is not reasonable at all. Because what if you don't win and you end up in dept that is not nice at all.

Is their a way you recover all your loses i don't think so because you will continue to lose if you still have the mindset of winning. The best thing that can help anyone on gambling is to reduce their expectations. Their are people that hurt their families just because of the way they have sold their self to gambling. Before any decision is taking consider the damages that can be caused by addiction.

Household debts have been on the rise for decades now while salaries have remained stagnant during that period of time as well, so it is clear what is happening, the rich are not willing to pay higher wages but they are willing to lend money to the people so they can maintain their current lifestyle.

This is the scenario in which we are living, and this means that people more than ever are willing to take loans for any reason, regardless of how superfluous it is, and this explains why we have irresponsible people out there taking loans to gamble.

[Shishir99]

This is the dumbest decision that you would ever make on the time that you do gamble. You are really that putting yourself into those huge problems in the future in terms of finances.

Yes, it is. People might make a wrong decision at hit of the moment. But when ou take loans from the banks, I don't want to consider it as a hit of the moment. If you take a break an think about what you are doing, you should understand what is right and what is wrong. If people take wrong decision even after the thinking, it's their fault. In his case, he took a loan from a bank to cover his gambling expenses.

I was a gambler too. I used to hit max bet on hit of the moment when used to get a couple of lose bet. But, I believe everyone should take a break after a loss and think if they should continue or not.

[maydna]

This is the dumbest decision that you would ever make on the time that you do gamble. You are really that putting yourself into those huge problems in the future in terms of finances.

Yes, it is. People might make a wrong decision at hit of the moment. But when ou take loans from the banks, I don't want to consider it as a hit of the moment. If you take a break an think about what you are doing, you should understand what is right and what is wrong. If people take wrong decision even after the thinking, it's their fault. In his case, he took a loan from a bank to cover his gambling expenses.

I was a gambler too. I used to hit max bet on hit of the moment when used to get a couple of lose bet. But, I believe everyone should take a break after a loss and think if they should continue or not.

That is why it is not recommended to borrow money from anyone to gamble. Those who do this will only get into trouble, especially if they lose at gambling, so they can't pay back the loan. There are more risks behind borrowing money as there is a desire to borrow from someone other than the first so that they can continue gambling and recover their losses. However, if they lose again, it will continue because there is a possibility that they will look for someone else to borrow the money to gamble again.

It would go round like that until he borrowed money from many people, and his debts had piled up. If that were the case, who would be willing to pay the debt? The family may also think long and hard about paying off the debt, but the family may want to return the debt after discussing it with the person who borrowed the money.

[Hispo]

This is the dumbest decision that you would ever make on the time that you do gamble. You are really that putting yourself into those huge problems in the future in terms of finances.

Not the dumbest decision, to be honest. It was pretty reckless and careless of him to do that, for sure. But after this experience hopefully he has learnt and reached rock bottom, so in the future, once he has managed to pay off his debt, he won't find himself in the same situation or even in a worse one because of gambling.
Here in the forum we have seen news of people who were willing to commit serious crimes for the sake of continue gambling, as it stands for now, OP has not committed any crime. It is not much, but it should serve a little bit as a consolation, he will be okey. I think. 

[Awaklara]

That is why it is not recommended to borrow money from anyone to gamble. Those who do this will only get into trouble, especially if they lose at gambling, so they can't pay back the loan. There are more risks behind borrowing money as there is a desire to borrow from someone other than the first so that they can continue gambling and recover their losses. However, if they lose again, it will continue because there is a possibility that they will look for someone else to borrow the money to gamble again.

It would go round like that until he borrowed money from many people, and his debts had piled up. If that were the case, who would be willing to pay the debt? The family may also think long and hard about paying off the debt, but the family may want to return the debt after discussing it with the person who borrowed the money.

but of course, you will see some gamblers around you who do activities like that. Previously they played with their own money, but when their money runs out and they still want to play they will borrow money from anyone, maybe even you, to continue playing. maybe the value is not large but the smaller the amount borrowed, the longer it will take to pay it back. maybe even just forget about it.
even though it guarantees payments that will be obtained from future work, however, borrowing money to gamble is an activity that increases the risk of gambling.

[CryptoHeadlineNews]

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 it will take about 2 years for my financial situation to be normal again.

So you mean you actually lost $1700 of your savings while gambling, and then you went about taking a loan of $2180, and still lost it all again. What the hell were you thinking? Because this is just how gambling addiction starts, and you just successfully subscribed yourself into facing the first consequence of your greed in trying to create wealth on a borrowed money, which was indeed the wrongest decision you made taking a loan from bank to gamble, which is bad, as you now have a whole full 2 years to pay for the mistake you just made. Hence, taking a loan to gamble is one thing I will always discourage people to do.

[shogun47]

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 it will take about 2 years for my financial situation to be normal again.

So you mean you actually lost $1700 of your savings while gambling, and then you went about taking a loan of $2180, and still lost it all again. What the hell were you thinking? Because this is just how gambling addiction starts, and you just successfully subscribed yourself into facing the first consequence of your greed in trying to create wealth on a borrowed money, which was indeed the wrongest decision you made taking a loan from bank to gamble, which is bad, as you now have a whole full 2 years to pay for the mistake you just made. Hence, taking a loan to gamble is one thing I will always discourage people to do.

I wonder where the red line starts or started when someone loses $1700 and then borrows $2180 to get it all back. Is an addiction only confirmed by the action of borrowing or maybe that addiction has long existed but never "broke out" if you know what I mean? I think it could be either someone who has no experience and believes it is likely to get back onto the lucky side of things if he plays long enough or it is someone who has the predisposition to decide to make stupid moves driven by an addiction that is already there, but hasn't yet entailed any heavy consequences.

[mvdheuvel1983]

Basically you shouldn't loan money to carry out any venture where there is no return on investment. Gambling is one of such example.

And the OP has been kind enough to share his experience with us. Another way that gamblers loan money to gamble is through selling off an item they have just to gamble thinking that they would win and be able to buy back the item they sold off for it. These items could be their TV set, cars, wristwatches, or any other priced possession.

You will end up being in a bad place and depressed and your mental health will suffer the consequences of your action.

[Fortify]

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

Get it right, you were always losing slowly. With a bit amount it can take a long time to burn through if that's how you play, but you were never a successful gambler. A successful gambler is one who knows the odds of the game they are playing as it develops, or that they are only playing for fun expecting to lose it all. Sometimes it can take many attempts for people to realize how devastating the addiction has become for them, often requiring you to hit rock bottom before you will abandon it forever. It's a path that people who quit smoking often have to take, many people may attempt to quit throughout their lives but at some point finally break the habit and it takes a total rethink of your life.