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

[asyakashi]

I hope you recover from your downturn, and make this an experience so you can control your emotions when gambling, consider gambling to entertain yourself, not to make money, use the money you can spare to gamble, avoid making deposits continuously

[Quidat]

People are too used to have debts these days, decades ago people only owed their house or their car, but everything else was paid with cash, and if you did not had the money to pay for it then you waited until you did, but people are so used to getting everything they want when they want that they are not willing to wait anymore, so they use loans to consume now and pay later, but using a loan to gamble, no matter the size of the loan, can be a big mistake, as once that money is lost you will feel the need to ask for another loan in order to recover the money you just lost, creating a vicious circle from which it can be difficult to escape.

Good days.. Today, If there’s something being offered, you should expect there’s someone somewhere that’s going to be interested. With credit cards now readily available, we’ve slowly begun to move away from the cash and into the credit era. Who needs cash when you’ve got good credit that would enable you to get more credit and take even more loans?
We’ve gotten used to living with and serving debts, it apparently doesn’t seem that crazy anymore to apply and get a loan only to use part or the whole of the funds to gamble.

I have that shit situation and experience with credit card and with thinking alone about on the disaster that i have been able to experience then i should say that this is something that must be avoided
to be used up specially on gambling or something which it isnt really that important.This is why it would really be always best that you should really be sensible and responsible on how
you do spend up your money because if you dont then you are just basically making yourself having that problem later on when it comes to finances. This is why it would really be always
best that you should really know on how to manage those funds so that you wont really be having no problem at all. Taking up some loan to gamble? It is really just that suicide.

[UmerIdrees]

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

After playing and losing 1700$, how and why did you think that you would play with a huge amount and win that game too? Don't you know that you can even lose that amount too, making your loss double?

The same thing happened as I said above, that is you lost, trying to recover the loss. In gambling, you need to make up your mind that there will be loss in gambling too. So if you go with the mindset that you cannot lose and always win, then you will end up disappointed. The same thing happens with every gambler who goes on for revenge gambling and the worst of them are those who take loans in order to do this.

[Silberman]

People are too used to have debts these days, decades ago people only owed their house or their car, but everything else was paid with cash, and if you did not had the money to pay for it then you waited until you did, but people are so used to getting everything they want when they want that they are not willing to wait anymore, so they use loans to consume now and pay later, but using a loan to gamble, no matter the size of the loan, can be a big mistake, as once that money is lost you will feel the need to ask for another loan in order to recover the money you just lost, creating a vicious circle from which it can be difficult to escape.

That's a good observation. Some of my friends also got stuck with online loans because they keep getting loans from multiple companies, sometimes just to pay the previous one because they don't have a stable income yet. The downside of living in a modern city is that nobody can wait even for a damn minute, which eventually conditions people that getting the thing that they want now is better than never, even though most of the stuff they buy is consumptive products. I also have a bad habit of buying excessively, but fortunately, nothing is forcing me to take a loan just to make a living.

Anyone who has the same problem as OP likely needs more than just advice, since his reasoning is similar to a problem gambler. Please make sure to reach out to help immediately before you get the same problem as OP, it is way better even if you feel ashamed in front of your family or close friends.

Which is why I avoid loans as much as possible, since it is not worth to get so much debt over a bunch of stuff that you do not need, and what it is even worse is that all of those loans are taken by people to consume more and do so now, but if they actually waited to have the cash in hand they will be able to buy much more stuff as they will not have to pay the interests on those loans, so if they were smart with their money and used it appropriately not only they will be able to buy all of that stuff, but they could buy much more with the remaining money they could save.

[ethereumhunter]

I hope you recover from your downturn, and make this an experience so you can control your emotions when gambling, consider gambling to entertain yourself, not to make money, use the money you can spare to gamble, avoid making deposits continuously

Hopefully, he can recover from his downturn, and we can only pray for him. This is a valuable lesson for him and us so that we don't borrow money just to gamble. We don't need to spend all the money we have on gambling, especially since we still need that money to meet our daily needs. If we borrow money just to gamble, we will only get into trouble because gambling will not give us easy wins. If we lose all the money, we have to pay back the loan money when we no longer have any money, so that is a problem for us. Playing gambling is just to entertain ourselves in our spare time so we only need to use enough money to gamble.

[Distinctin]

I hope you recover from your downturn, and make this an experience so you can control your emotions when gambling, consider gambling to entertain yourself, not to make money, use the money you can spare to gamble, avoid making deposits continuously

When we consider gambling as entertainment, it doesn't necessarily mean you don't have to win or that you can't be ambitious to be a winner in the long run. It often starts as a form of fun as that's how we are taught, but as we discover strategies and believe we can win, we might become more serious about gambling. The problem arises when a gambler is not winning, yet they force the issue, refusing to accept the reality that their chances of winning are low. Instead, they may gamble more, feeling challenged and holding onto the belief that they can win, even if their records indicate otherwise.

[Fredomago]

I hope you recover from your downturn, and make this an experience so you can control your emotions when gambling, consider gambling to entertain yourself, not to make money, use the money you can spare to gamble, avoid making deposits continuously

When we consider gambling as entertainment, it doesn't necessarily mean you don't have to win or that you can't be ambitious to be a winner in the long run. It often starts as a form of fun as that's how we are taught, but as we discover strategies and believe we can win, we might become more serious about gambling. The problem arises when a gambler is not winning, yet they force the issue, refusing to accept the reality that their chances of winning are low. Instead, they may gamble more, feeling challenged and holding onto the belief that they can win, even if their records indicate otherwise.

Yeah that's the beginning of a possible big problem that may arise when you keep pushing yourself and keep trying to play back even you are keep expereincing losses, the entertaining part is no longer dominates you but the lust and desire to win or to recover your money, I like the idea where you just use spare money and not to exceed to that, if you have that good control inside you there's no chance that you'll going to think about using the amount that's not allocated for gambling.

You are safe from loaning and using that amount for your gambling, it's best to have that control and always be at that safe side when playing.

[dimonstration]

Yeah that's the beginning of a possible big problem that may arise when you keep pushing yourself and keep trying to play back even you are keep expereincing losses, the entertaining part is no longer dominates you but the lust and desire to win or to recover your money, I like the idea where you just use spare money and not to exceed to that, if you have that good control inside you there's no chance that you'll going to think about using the amount that's not allocated for gambling.

You are safe from loaning and using that amount for your gambling, it's best to have that control and always be at that safe side when playing.

I think most of us here started to gamble using an amount we can afford to lose because we are still on exploring phase that time. Later on this amount increase when we experience winning big and losing it again at the same time. This cycle makes gambler forget to deposit only what they can afford to lose and change to deposit big to win big amount due to the increase of bet size that often results to much bigger losses.

The gambling problem arise when people continuously expose on risk and gains because greediness will make us want to win big. The best thing to control yourself to avoid doing this mistake is to lessen your gambling time.

[salad daging]

The gambling problem arise when people continuously expose on risk and gains because greediness will make us want to win big. The best thing to control yourself to avoid doing this mistake is to lessen your gambling time.

Usually their problem is exposing more profit than risk but behind it all many gamblers are stressed because they have lost a lot they try to cover all the losses will not be seen by many people but once a big win can be exposed to more friends... That's what we know about problem gambling.

It's actually difficult when talking to someone who is already addicted because somehow they will prioritize the time to gamble because they believe in between that time they want to win big when in reality it is NOT.
Reducing gambling time is true, but other activities are more important in order to forget about gambling all the time because it can be said to be bad behavior.

[Blitzboy]

The gambling problem arise when people continuously expose on risk and gains because greediness will make us want to win big. The best thing to control yourself to avoid doing this mistake is to lessen your gambling time.

Usually their problem is exposing more profit than risk but behind it all many gamblers are stressed because they have lost a lot they try to cover all the losses will not be seen by many people but once a big win can be exposed to more friends... That's what we know about problem gambling.

It's actually difficult when talking to someone who is already addicted because somehow they will prioritize the time to gamble because they believe in between that time they want to win big when in reality it is NOT.
Reducing gambling time is true, but other activities are more important in order to forget about gambling all the time because it can be said to be bad behavior.

Big wins hide losses, a grim reality many gamblers endure. Losses accumulate, stress rises, yet hope for a win lingers. I've seen gamblers pursue losses yet believe in the "great win" ahead. The illusion is based on optimism yet is false.

Chatting with an addict? No doubt tough. Gambling consumes their lives, ignoring reality. Reducing gaming time is a start, but replacing it with soul-filling, mind-enriching, and balance-restoring activities is key. Reclaiming life beyond gambling is the goal. genuine talk: stopping gambling requires hard choices, genuine activities, and meaningful relationships.

[Silberman]

Big wins hide losses, a grim reality many gamblers endure. Losses accumulate, stress rises, yet hope for a win lingers. I've seen gamblers pursue losses yet believe in the "great win" ahead. The illusion is based on optimism yet is false.

Chatting with an addict? No doubt tough. Gambling consumes their lives, ignoring reality. Reducing gaming time is a start, but replacing it with soul-filling, mind-enriching, and balance-restoring activities is key. Reclaiming life beyond gambling is the goal. genuine talk: stopping gambling requires hard choices, genuine activities, and meaningful relationships.

It also requires that gamblers are reasonable about their ability to leave gambling behind, many of them think they can just wake up one day and stop, but this is false, leaving an addiction can take months or even years, so it is key to do this as soon as possible, because the longer a person remains in that state of being addicted, the harder it will be for them to make a full recovery and the longer this whole process will take.

[Fredomago]

Yeah that's the beginning of a possible big problem that may arise when you keep pushing yourself and keep trying to play back even you are keep expereincing losses, the entertaining part is no longer dominates you but the lust and desire to win or to recover your money, I like the idea where you just use spare money and not to exceed to that, if you have that good control inside you there's no chance that you'll going to think about using the amount that's not allocated for gambling.

You are safe from loaning and using that amount for your gambling, it's best to have that control and always be at that safe side when playing.

I think most of us here started to gamble using an amount we can afford to lose because we are still on exploring phase that time. Later on this amount increase when we experience winning big and losing it again at the same time. This cycle makes gambler forget to deposit only what they can afford to lose and change to deposit big to win big amount due to the increase of bet size that often results to much bigger losses.

The gambling problem arise when people continuously expose on risk and gains because greediness will make us want to win big. The best thing to control yourself to avoid doing this mistake is to lessen your gambling time.

You need to have that kind of mindset for you to able to cope up as gambling will continue to push you to do things unexpectedly, like what you said, at first you are playing to have some fun and the money that you are using is something that you can let go, but thru time and from all those bets and sessions that you participate your apettite for gambling increase and same with the time and the amount of money that you are spending, without any control you'll find yourself using your savings and can lead you to barrow money when the time come that you already spent every penny from your savings.

Big wins hide losses, a grim reality many gamblers endure. Losses accumulate, stress rises, yet hope for a win lingers. I've seen gamblers pursue losses yet believe in the "great win" ahead. The illusion is based on optimism yet is false.

Chatting with an addict? No doubt tough. Gambling consumes their lives, ignoring reality. Reducing gaming time is a start, but replacing it with soul-filling, mind-enriching, and balance-restoring activities is key. Reclaiming life beyond gambling is the goal. genuine talk: stopping gambling requires hard choices, genuine activities, and meaningful relationships.

It also requires that gamblers are reasonable about their ability to leave gambling behind, many of them think they can just wake up one day and stop, but this is false, leaving an addiction can take months or even years, so it is key to do this as soon as possible, because the longer a person remains in that state of being addicted, the harder it will be for them to make a full recovery and the longer this whole process will take.

Yeah, false assessment and self-denial things that will affects your decision making, if you can still handle your emotions better to keep away as early as possible, the fact that you can't move forward and leave is the after effect of your possible addiction, and with that, it will take time and self-willingness to cope and to quit away, most of the time you need help either with your love ones or from professional to back you up and push yourself to stop.

[OgNasty]

Not gambling with lended funds should be common sense but clearly it isn't for whatever reason.  The lending section here has been littered for years with loan requests that are obviously just going to be yeeted into an online casino with the hopes they can pay back the loan and get free money.  I'll take it a step further even and say that the only time you should ever used funds that you've gotten from a loan is to purchase appreciating assets like stocks, houses, etc...  Paying interest on a loan that you wasted on gambling or depreciating assets like cars is probably the worst financial mistake a person can make.

[masulum]

When we consider gambling as entertainment, it doesn't necessarily mean you don't have to win or that you can't be ambitious to be a winner in the long run. It often starts as a form of fun as that's how we are taught, but as we discover strategies and believe we can win, we might become more serious about gambling. The problem arises when a gambler is not winning, yet they force the issue, refusing to accept the reality that their chances of winning are low. Instead, they may gamble more, feeling challenged and holding onto the belief that they can win, even if their records indicate otherwise.

Winning or losing both have the same effect on gamblers who cannot control themselves. If they win, they want to get another win, if they lose, they want to get compensation for the losses have experienced before, but the reality his losses is more bigger. This condition becomes a circle that cannot be broken unless there is a desire within them to improve his gambling habits. As long as they carry out the same process, whether they win or lose, the player will always take risks that could have been prevented. I have experience like that before, so i can say based on my experience.

[Ever-young]

Not gambling with lended funds should be common sense but clearly it isn't for whatever reason.  The lending section here has been littered for years with loan requests that are obviously just going to be yeeted into an online casino with the hopes they can pay back the loan and get free money.  I'll take it a step further even and say that the only time you should ever used funds that you've gotten from a loan is to purchase appreciating assets like stocks, houses, etc...  Paying interest on a loan that you wasted on gambling or depreciating assets like cars is probably the worst financial mistake a person can make.

I totally agree. Borrowing money for gambling is a formula for catastrophe. It's risky enough to invest money in appreciating assets, let alone borrowing money to gamble on depreciating assets. You are jeopardizing not only the money you borrowed, but also the additional expense of the loan's interest. It's a risky, expensive venture that may rapidly spiral out of hand. Even if someone wins, they are only digging themselves deeper into debt and fueling their gambling addiction. It's a difficult cycle to break.

[dunfida]

Not gambling with lended funds should be common sense but clearly it isn't for whatever reason.  The lending section here has been littered for years with loan requests that are obviously just going to be yeeted into an online casino with the hopes they can pay back the loan and get free money.  I'll take it a step further even and say that the only time you should ever used funds that you've gotten from a loan is to purchase appreciating assets like stocks, houses, etc...  Paying interest on a loan that you wasted on gambling or depreciating assets like cars is probably the worst financial mistake a person can make.

I totally agree. Borrowing money for gambling is a formula for catastrophe. It's risky enough to invest money in appreciating assets, let alone borrowing money to gamble on depreciating assets. You are jeopardizing not only the money you borrowed, but also the additional expense of the loan's interest. It's a risky, expensive venture that may rapidly spiral out of hand. Even if someone wins, they are only digging themselves deeper into debt and fueling their gambling addiction. It's a difficult cycle to break.

Its suicide and totally making yourself putting up on such trouble that you might be ending up on taking a suicide on the time that you cant be able to repay those loans. Dont tend to look for some trouble
if you cant be able to bare up on the risks that it could potentially give on which it would really be just that right that you shouldnt really be that considerating on taking up such step.
The first rule that you should have in mind on the time that you do deal up with gambling is that never ever make use of the amount on what you cant afford to lose.
How much more on taking up some loan for you to do so?

You are really just that basically putting up yourself on such big trouble into your dear life. If you dont like to mess up or lose up everything
then better stop on what you are thinking. Play with your extra funds and never ever consider yourself on taking up some loan just
for you to be able to play.

[rachael9385]

Not gambling with lended funds should be common sense but clearly it isn't for whatever reason.  The lending section here has been littered for years with loan requests that are obviously just going to be yeeted into an online casino with the hopes they can pay back the loan and get free money.  I'll take it a step further even and say that the only time you should ever used funds that you've gotten from a loan is to purchase appreciating assets like stocks, houses, etc...  Paying interest on a loan that you wasted on gambling or depreciating assets like cars is probably the worst financial mistake a person can make.

I totally agree. Borrowing money for gambling is a formula for catastrophe. It's risky enough to invest money in appreciating assets, let alone borrowing money to gamble on depreciating assets. You are jeopardizing not only the money you borrowed, but also the additional expense of the loan's interest. It's a risky, expensive venture that may rapidly spiral out of hand. Even if someone wins, they are only digging themselves deeper into debt and fueling their gambling addiction. It's a difficult cycle to break.

There is no rewards in borrowing money for the sake of gambling, it's very hard to win when you are using borrowed money to gamble, it's not advised to do anything gamble with a borrowed money.
The problems are not the money a gambler borrowed but the problems rellies on the interest. It might be difficult for the loaner to pay, so instead of using a borrowed money to gamble it is better you use it to buy something valuable that you will be seeing everytime, so even when you are paying the loans and the interest you won feel remorsed for it. One who borrowed money to gamble and lose might also borrow another money and lose them all. Instead of losing a borrowed money it is better you lose the money you worked for, because you won pay any interest for it. However, the both of them are not quite okay but it's better to lose the one you worked for, than the ones you collected.

[Wakate]

I hope you recover from your downturn, and make this an experience so you can control your emotions when gambling, consider gambling to entertain yourself, not to make money, use the money you can spare to gamble, avoid making deposits continuously

This is mainly based on luck because there are people that have gotten loan from the bank and uses it to gamble to make faster profits for themselves, it worked fine but that should not make us to think of doing the same thing. It might not work except we are good do. Gambling could look like a fast way to make no work for ourselves but that would not solve the problem. We need to know what we are doing and so we don't end up losing because we were too selfish and don't listen to advise. There are so many advise we can take when considering borrowing money from people to gambling.

[Dewi Aries]

I totally agree. Borrowing money for gambling is a formula for catastrophe. It's risky enough to invest money in appreciating assets, let alone borrowing money to gamble on depreciating assets. You are jeopardizing not only the money you borrowed, but also the additional expense of the loan's interest. It's a risky, expensive venture that may rapidly spiral out of hand. Even if someone wins, they are only digging themselves deeper into debt and fueling their gambling addiction. It's a difficult cycle to break.

There is no rewards in borrowing money for the sake of gambling, it's very hard to win when you are using borrowed money to gamble, it's not advised to do anything gamble with a borrowed money.
The problems are not the money a gambler borrowed but the problems rellies on the interest. It might be difficult for the loaner to pay, so instead of using a borrowed money to gamble it is better you use it to buy something valuable that you will be seeing everytime, so even when you are paying the loans and the interest you won feel remorsed for it. One who borrowed money to gamble and lose might also borrow another money and lose them all. Instead of losing a borrowed money it is better you lose the money you worked for, because you won pay any interest for it. However, the both of them are not quite okay but it's better to lose the one you worked for, than the ones you collected.

Honestly for myself I can't say that borrowed money will make you always lose at the end of the session, I can't confirm that because after all if you are lucky enough then obviously even if you gamble using borrowed money you will still win in the end, But the thing about why it's so forbidden to gamble using borrowed money is because it's an action that will lead to a new and much worse habit, which is that you could potentially experience new problems in your life such as getting into debt, because I doubt that when you've tried taking out a loan then you're not interested or addicted to trying to take out another loan when you don't have the money to gamble.

And on the other hand yes if you borrow from some reputable service or general loan service then obviously there will definitely be a certain amount of interest that you have to pay, so of course it is not recommended to gamble using borrowed money, because this will only cause new problems that will befall you, as I said above that most likely you will be addicted to always taking loans to finance your gambling and I can ensure that you will be surprised when you find out your total debt in a certain period of time along with you also have to pay interest. In general, borrowed money should be used wisely, because it is indeed a help when you need money urgently such as for the needs of life that cannot be tolerated, but unfortunately some irresponsible gamblers try to take advantage of the situation with the borrowed money.

[Ojima-ojo]

I hope you recover from your downturn, and make this an experience so you can control your emotions when gambling, consider gambling to entertain yourself, not to make money, use the money you can spare to gamble, avoid making deposits continuously

This is mainly based on luck because there are people who have gotten loans from the bank and use them to gamble to make faster profits for themselves, it worked fine but that should not make us to think of doing the same thing. It might not work except we are good do. Gambling could look like a fast way to make no work for ourselves but that would not solve the problem. We need to know what we are doing and so we don't end up losing because we were too selfish and didn't listen to advice. There are so many pieces of advice we can take when considering borrowing money from people to gambling.

The idea of taking a loan to gamble is bad and totally uncalled for because gambling on its own is already a high-risk thing talk more about taking loan to gamble, since the majority of the time that we gamble we end up losing so why then should anyone take gambling seriously because gambling can ruin one life so for that we have to avoid anything that will put us in an imposing position to gamble more than we should.


In the op's situation, he ended up in more debt that has reversed his life for almost 2 years backwards,  which is something that is a negative outcome from what he desired from gambling before taking the loan, so we all have to take this as a lesson and to try to avoid taking a loan of any form to gamble with.