Pay off DEBT by do Gambling? think again before you loss more

[Bitinity]

pay debts using gambling winnings. the debt is not paid off but the debt is getting more and more. because gambling is not a job that can make money consistently and continuously. of course, because it is not a job and the source of income cannot be relied on to pay debts.

Paying debts using winnings from gambling is fine but trying to pay debt from gambling is a big mistake. These are two different cases and the case in this topic is not the one you wrote that I've bolded but the rest is good. Perhaps you did not mean to say like that (the one in bold) but you made like that paying debts from gambling winning is bad while it is not bad because we are free to use our winning from gambling for anything.

[DabsPoorVersion]

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

Many people who struggle with gambling addiction often ignore important messages like this one. Despite reminders that gambling is not a sustainable way to pay off debts, bills, rent, and other expenses, they continue to gamble in the hopes of making quick money. Rather than seeking alternative sources of income and saving the money they have, they gamble it away, hoping to double their winnings. Unfortunately, this often leads to losing all their money and having nothing left to show for it.

[lienfaye]

Paying debts using winnings from gambling is fine but trying to pay debt from gambling is a big mistake.

Exactly. We should not rely in gambling to pay our debts because it is a game of chance, quite risky and there's no assurance to double your money. That particular guy put himself into a worst situation for using the money in gambling because he do believe he can double his money in snap.

The first rule is only use the money that you can live without. Therefore we should not be too hopeful when we gamble our money. This is, if you really know what you're getting into and aware how it works.

[dansus021]

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

That is really not a good decision he made, I mean it just like you have said the chance to win is very small. Besides that he just lost all of it instead add the sum of his money to pay the debt he will now own nothing.
and I do believe know he had some depression lost in gambling but the debt still there.

Is he have gambling addiction?

[Julien_Olynpic]

There is a very simple rule: you cannot risk what you have and what you need for your existence in order to acquire excess. This is one of the wise rules of risk management. If we take the money we need to buy food, pay for utilities, or pay for school fees and start putting this money at risk, then sooner or later we will lose everything.
     Yes, there is a small chance that we will win. But as a rule, this is also a bad scenario. After such a win, a person gets excited, which leads him to even more disorderly trading. The worst thing, although it sounds paradoxical, is when a beginner gets lucky several times at the very beginning. You know, this happens often. The newcomer begins to believe that he is God and will always be lucky. Most likely after this he will lose everything.

[Yaunfitda]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

Again, it's all about risk, and as in your friend's situation, his back is against the wall and he only thinks that gambling could only be the way out. Unfortunately for him, the result didn't go his way. However, there is this one legendary story and I think it has been shared it already: The Founder Of FedEx Saved The Company From Bankruptcy With His Blackjack Winnings!. This is probably one of the exception, but I guess your friend and others have horror stories gambling in hoping that they will double their money and so at least they will be able to pay their debts. But in the end, this is a lessons to everyone that gambling is not the way out for the majority of us.

[Samlucky O]

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

A great lesson for your friend. The best teacher in this life is experience. Sometimes people deliberately do some certain things which is naturally not good in hope of achieving U realistic dream, but blame devil for their ignorant. What he did was intentional, he knows that the chances of winning is 50 /50 yet he went ahead. I believe with this experience he will not try it again except he is not yet terrified about it. It is advisable to pay off any outstanding loan and be free from it before gambling. Gambling is a game of luck and not a do or die affairs. So let learn to do what is Wright at the right time to avoid stories.

[noormcs5]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

It is often seen that if we think of getting some financial gains from gambling like paying off the debt or getting some extra money for our expenses through gambling, the gamblers usually end up losing instead of winning. I do not know the reason for this as maybe the gambler has too much burden on him that he has to win and due to this, the good luck never favours him and he ends up losing his capital.

Alternative to this, some gamblers we see have no such winning target or financial needs, they just go out and gamble randomly and such people win also. I do not understand if the free mind has something to do with the good luck  

I have always heard stories here that someone gets a loan to gamble and he loses. I never heard a successful story of a gambler getting a loan, winning, paying off the debt and keeping the winning profitable amount with him. Either people do not want to disclose when they are winning, or maybe people never win in this situation.

[Barikui1]

Gambling is not for everyone, I have had lot of terrible experience while gambling in the past so as I am now, it is ultra difficult for anyone to convince me to start gambling again due my ugly experience I have had in the past, but that's by the way, when as an individual you bet with what you cannot afford to lose in the name of you want to pay of your debt, I can bet you that you are venturing into more difficult situation, because betting a money you cannot afford to lose is very bad and it has it disastrous effect on you as a person, and most of the suicide case we have heard concerning gambling is always trace down to gambling what they can't afford to lose, which they will eventually take their own life because they don't know how to face that ugly situation in their lives.

[ethereumhunter]

If you have debt, you should not think about making money from gambling because that is not a solution to making money. It will only make you more frustrated when you lose because gambling is not a place to make money. You should look for a job that can make money to pay off your debts so that you don't lose money because of gambling.

By gambling, you will have difficulty winning, let alone making money, so that is not the way to make money. We have to remember not to think about gambling so we can have money because we can lose money from gambling.

[Oasisman]

Pay off DEBT by do Gambling?

Well, that's one major way of getting yourself into a serious debt trouble. It's a trap, everybody know that, but there actually some people who gamble with the devil because he's been in a huge debt that having another debt to pay the other is not feasible anymore.
It's either a win and pay off debts or another dead end.
Totally not advisable.
Gambling debts are the worst debts of all. Others perceived it as the only salvation to pay off all debts.

[Poker Player]

The story sounds like one of the typical ones people make up in this section, but since I can't know for sure it's a fabrication I'll take it for granted.

Of course, if you are having trouble paying your monthly mortgage the last thing you should do is gamble as a way out of your situation. Most likely with a very high probability is that it will end up even worse, as it seems so from what the OP says.

Many people who struggle with gambling addiction often ignore important messages like this one. Despite reminders that gambling is not a sustainable way to pay off debts, bills, rent, and other expenses, they continue to gamble in the hopes of making quick money. Rather than seeking alternative sources of income and saving the money they have, they gamble it away, hoping to double their winnings. Unfortunately, this often leads to losing all their money and having nothing left to show for it.

That's right, the solutions you mention are good options, and leave gambling as an entertainment that in a specific moment can give you extra money, but not as a way out of your problems.

[DabsPoorVersion]

Many people who struggle with gambling addiction often ignore important messages like this one. Despite reminders that gambling is not a sustainable way to pay off debts, bills, rent, and other expenses, they continue to gamble in the hopes of making quick money. Rather than seeking alternative sources of income and saving the money they have, they gamble it away, hoping to double their winnings. Unfortunately, this often leads to losing all their money and having nothing left to show for it.

That's right, the solutions you mention are good options, and leave gambling as an entertainment that in a specific moment can give you extra money, but not as a way out of your problems.

I didn't mention any solutions, but rather the common behaviors exhibited by most gamblers. Often, the remaining money they have is used for their desire to continue gambling, which is a significant mistake they tend to make. This kind of problem is quite common among gamblers.

[Darker45]

The lesson we can get from your friend's experience is the same old lesson that we've been reminded of again and again. And that's never to gamble what you can't afford to lose.

I don't understand why people gamble what small amount they have simply because it's not enough for an expense. To gamble it is to lose it. So rather than gambling, one should find ways to make more money. Gambling is not designed for gamblers to make money whenever they need it. It's designed for gamblers to transfer their money to casinos.

Desperation doesn't necessarily mean losing reason.

[stomachgrowls]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

It would really be that a suicide if you do make it as an option on which it would really be just make things even more worst. Unless, if you would really be that lucky on that time then you might be able to pull out.
This is why it would really be that best that you shouldnt really make gambling as your option on trying out to pay up some debts.  Instead on making out to resolved the problem it would really be making it worst.
This is why it would be ideal that you should really be looking for some alternative solution for such problem rather than making gambling as your last resort. Its not ideal and it is really just that suicide.

I have those kind of thoughts back in the past when i do have some due dates but i havent made myself my emotion controls me because on the time that you would really be having those kind of
solution seeking in a bit on a desperate way you would really be ending up even more deeper problems. It is really just that impossible that someone cant really be able to mind off about those probabilities
on which you do really make your own choice whether you would really be that trying out to proceed on or wouldnt really be mindful about its effects.

[Assface16678]

We can't blame them, but in sad reality, this is what the people who own a gambling establishment or online casino are taking advantage of. They are taking advantage of the people's desire to have a lot of money through gambling and also of the desperation of the gamblers. and the OP's friend is one of the examples of gamblers who become desperate, and the only option he thinks is to gamble, even knowing the risk of losing money. Imagine the pressure and feeling of losing money from gambling, and worst of all, that is the only money you have left. Did the example do it right? Why would you risk your last dollar? In a bad situation, the feeling would be crashing for that gambler, but it's his fault he risks it, and then he pays for the consequence. So the important advice here is that if you are desperate to have money, then stay away from gambling because it will bring nothing good.

[reagansimms]

Without realizing it, he had fallen into a hole which created new problems, gambling is not a place to get money instantly, but gambling is a place of entertainment where you can get money if you are lucky. The hope of getting money or wealth instantly has caused the money that should be used to pay the house installments to disappear instantly, this thought needs to be avoided to prevent new problems from arising.
When you are in a tight situation, you need to prioritize common sense in order to maintain financial stability. There are many other ways to earn extra money than taking risks by dancing on a double-edged sword.

[danherbias07]

A very big mistake.
I won't recommend doing this. Gambling is not something we run into so that we can fix our problems. Worse, it will add more problems to us just like what happened with your friend.
The winning chance is so low that we would rather pick another way to risk our money. Gambling is a high-risk, high rewards kind of thing, and sure, it could be a solution if you get lucky but at what expense?
Sometimes our minds are clouded by the offer that it brings but when we start gambling we will know that there's no such thing as winners in gambling. Most of the time we are losers because if we are not losers then the business could not run anymore. That's reality. They will take our money without any remorse. This is the reason why gambling should be for entertainment purposes only, not something that could save the day. I've seen situations that are the same as your friend and all I could say is they also made a big mistake afterward. There's only a small amount of people who are successful at doing this. The lucky ones.

[abel1337]

There are so many stories like this. They are being controlled by their desperation that's why they are doing gambling even if they don't really gamble or has no plan to gamble. Doing gambling has it's own risk but spending the money that shouldn't be used in doing gambling is an additional pressure that can be also converted to risk.

One reason why we do gambling is to earn money but on a perspective on doing gambling because a gambler need to pay a debt is not good reason to do gambling. You can make quick money on gambling but it doesn't mean that you should do it especially if the money you have shouldn't be used on gambling.

[Natsuu]

Basically, instead of turning to gambling when strapped for cash, your friend could've considered getting a loan, selling stuff, or finding a part-time gig. These options are more practical and reduce the chances of digging a deeper financial hole. It's about making smarter moves to tackle debts without taking unnecessary risks