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

[gabbie2010]

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

I think after your friend had exhausted every option and every possible means to get more money to pay his rent opted for gambling which is the greatest mistake he made according to this proverb "a bird at hand is worth two in the bush" meaning he should have kept that money if possible pay half of the rent money and seek for other means to pay off his balance truly working part-time is also a good option unfortunately in his bid to pay his dept squandered the remaining money on gambling thus adding more to his problems, I think story is wake up call to gamblers who intended to follow that method to completely avoid that means of debt repayment.

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[Shishir99]

the chances of winning or multiplying the money they bring which indirectly they like to rule out the possibility of losing which in the end when the result turns out to be losing then usually they are unable to accept the fact because it does not match their wishes.

This is one of the sad but true facts. Whenever we play, we never think about the possibility of losing our deposit. We gamblers always think that we will win something big or at least we will double our deposit. Or at least some profits from the deposit. We do not think that we could lose our bets. When it comes to gambling, nothing is guaranteed. But, some of us always like to be confident in ourselves while we all know the fact that the house always wins.

We should not forget that everything has a positive and a negative side. Losing is a dark side of gambling which harm you financially. So, everyone is advised to gamble with the money they could afford to lose. But, how many of us care?

[Oilacris]

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

I think after your friend had exhausted every option and every possible means to get more money to pay his rent opted for gambling which is the greatest mistake he made according to this proverb "a bird at hand is worth two in the bush" meaning he should have kept that money if possible pay half of the rent money and seek for other means to pay off his balance truly working part-time is also a good option unfortunately in his bid to pay his dept squandered the remaining money on gambling thus adding more to his problems, I think story is wake up call to gamblers who intended to follow that method to completely avoid that means of debt repayment.

We cant be sure that he'd really be able to exhaust himself on finding up those other ways on which it would be that normal that someone would really be considering on doing gambling just because
this option is much more faster and something that more instant and could give out the possibility on making money in short time. The thing here is that you as a gambler then there's no assurance
that you could really be able to make it out. This is why people do fucked up themselves just because they do have those kind of wishful  thinking that they could really be able to
make easy money with gambling or do really think that they would really be able to solve out their problems without any issues on using up this option without even trying to look up for the
risks.

[blockman]

With that logic and point of view, someone who's seeing it with gambling is likely to get more in debt. That's sad but there's no improvement with that thinking and understanding if they see some resolution through gambling with their situations.

However, someone who frequently gambles should not see debt as providing a solution for them when they have no money. They should be able to restrain themselves from gambling when they don't have money.
They should just think about looking for a job to make money so they can allocate some money for their gambling activities. A person who is still in debt will run into problems sooner or later and when he realizes it, he really has difficulty solving the problem. Yes, it is sad but they should try to solve the problem by paying back their debts and never borrowing money again.

Yeah, having a job is the main solution for paying off the debts that a gambler has. There's no need to rethink of it and just look at the part when you can easily pay it with your salaries. You have to talk to the person that you owe money and explain that you'll pay it eventually with the use of your salary without any other sources like gambling again. Because it has already taught you on how to be better with yourself and it's not the way on how you should pay your debts.

[umbara ardian]

Gambling as a path to financial salvation is like trying to outrun a forest fire with a gasoline-soaked rag. It's a recipe for disaster, and anyone who goes down that route is more likely to get burned than bailed out. Gambling is like digging deeper with a shovel labeled "false hope." Even if they win a little, the odds are overwhelmingly stacked against them digging their way out. They'll likely end up losing more, sinking further into debt, and potentially facing even harsher consequences.

This isn't just about your friend; it's a widespread issue. People facing financial hardship often see gambling as a quick fix, a chance to turn their luck around with one big win. But the reality is, gambling preys on desperation, and the house always wins in the long run.

Instead of chasing elusive riches through bets, there are far more responsible and sustainable ways to address financial challenges. Budgeting, seeking professional help, or exploring alternative income streams are all paths towards a brighter future.

[Gormicsta]

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

You've made a very valuable point that is worth noting.
I could've sworn you were just talking directly to me. I too have been a victim of this unimaginable state you wouldn't wish to find yourself in.

 A few years ago, back in college days, I was desperately in need of money complete my tuition fee, I was completely out of cash and out of options. I tried to get loans from friends, and even from my bank, but all were declined, I had half of the money with me, so I used it to fund my account in one online casino back then. It was actually my first time of gambling. I've always heard so much about it but I hadn't tried it.

So this time I tried it and staked all the money in a game, and guess what, I actually won the bet and I made over 10X of my money, I withdrew the money, paid off my tuition fee, sorted out other stuffs and still had change.

So my friend, just because your friend tried it and didn't work for him doesn't mean it won't also work for others, cos it sure worked for me.

[Lorence.xD]

Well, he made his decision to take the risk and there's really nothing wrong with it. What's ideal is to just give the small amount for consideration of where is is in debt with than to gamble and having nothing to even offer. You'd only know things once you are in that position already; imagine if he won his bet, did he still do the wrong thing? Well yes but reactions would change I guess. For sure he knew its possibility but he still gambled his luck and remaining money as his way to pay the debt. Maybe he was left with no other option, even if it is a bad thing to do, he still choice to do things well.

But going back, it is not a good thing to borrow money for such excuses and purposes especially if you know to yourself that you won't have anything left then it is just a gamble of one's luck. There will be interest rate with loan or borrowed money. But never be too confident that he it is his friend's car.

[Blowon]

he made the wrong and very fatal decision, he gambled with the aim of doubling his money, but the final result was even more miserable, this is an important lesson for all of us not to gamble with money that has a special purpose especially

[traderethereum]

Yeah, having a job is the main solution for paying off the debts that a gambler has. There's no need to rethink of it and just look at the part when you can easily pay it with your salaries. You have to talk to the person that you owe money and explain that you'll pay it eventually with the use of your salary without any other sources like gambling again. Because it has already taught you on how to be better with yourself and it's not the way on how you should pay your debts.

That should be what is on their minds so they can pay off their debts and not try to make money from gambling. In any case, they will just find it difficult to make money from gambling so they might as well forget about it.
Having debt because they used their money to gamble is not a good plan because it can confuse them about how to pay off their debt.
If you can't pay off all your debts, you will be chased by people who lent you money. When that happens, you will feel uncomfortable.

[Hirose UK]

he made the wrong and very fatal decision, he gambled with the aim of doubling his money, but the final result was even more miserable, this is an important lesson for all of us not to gamble with money that has a special purpose especially

He is not aware that what he is doing is gambling which will clearly always guarantee that gamblers will lose.
It is mistake to think about being able to double their money from gambling.
The second mistake is that gambling should be place to have fun, not place to escape to make money and be solution that can help in solving problems such as paying off debts.
I sure anyone who does this will receive bad consequences which will clearly be difficult to accept, he only has small amount of money and wants to make more but in the end everything is lost with nothing left.
This became really painful sadness because he had to experience more difficult problems.

Well, from here there will be valuable learning that can be taken and there are experiences that might change the mindset of every gambler so they don't make the same mistakes.

[Strongkored]

-snip-

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

I'm confused as to why there are people who think that one way to double their money is by gambling, because I think that's the act of frustrated people because people with a healthy mind understand that gambling is not a good way to double their money, even when we do business there are opportunities to lose money or have to wait until we can make a profit, especially in gambling, so there is no right way and quickly to double our money, everything needs a process because if there really is a right and fast way to double our money, including gambling, then there are no poor people because it can be done gambling because all financial problems can be solved by gambling.

[junder]

Before, I don't understand why people think that paying their debts through gambling is a choice. But now, I do understand that this is the reality of life that there are people that will always think of the odd idea on how make themselves debt free but instead, they're adding more pressure to themselves and will result to having more troubles to themselves. When you want to get out of debt, do it the traditional way by working and earning and paying it with your money.

In my opinion, there are people who think they can pay off their debts by relying on gambling, because there are reports that gambling can give them profitable wins and can also double their money, so this might cross their minds, so if they have a debt of $500 but that person has money. of $250 then he will use that $50 to gamble in the hope of getting a profitable win that will be enough for them to pay off the debt they have.

It's true what you said maybe this is a strange idea, because gambling doesn't guarantee that it will give them a win that can help them to pay off their debts, and with actions like this perhaps more clearly they will only have more pressure from their debts where the money is used for paying off the debt is instead used to gamble with the excuse of doubling up and as you said this will only add to the bigger problems they will get. I agree with you,  if you really want to pay off debt you should do a job that makes money and with a mind that doesn't think about gambling you can double your money quickly.

It doesn't guarantee gain but the chance is there, so as for the other gamblers that think of it. It means that there's a chance for them to become profitable and with that, that's the reason they are leaning on for them to be able to pay their debts off. But the results as we know, it's going to be on and off but at most times, it will be off and disappointing results.

just say the chance of winning, the chance of winning in gambling does exist and it can happen or be obtained if we really have luck. However, it is not a good decision if you want to pay off your debt in the hope of winning at gambling or being able to double your money at gambling. because winning at gambling is uncertain and not guaranteed, with our intention to pay off the debt, it will not just give us a win.

that's right, the final result is definitely defeat, not victory, therefore we shouldn't continue to have high hopes for gambling which can help the problems we experience in real life, if you really have debt then think about the good and correct way with a clean mind , work to make money and save to pay off the debts you have because that is what you definitely have to do when you have debts that must be paid and repaid. It is a wrong assumption that you can pay off debts by gambling, if you are lucky then you might win, but in reality losing dominates more, and gambling is a paid game and the winnings are bonuses.

[piebeyb]

But going back, it is not a good thing to borrow money for such excuses and purposes especially if you know to yourself that you won't have anything left then it is just a gamble of one's luck. There will be interest rate with loan or borrowed money. But never be too confident that he it is his friend's car.

Just gambling with debt is already wrong, how about wanting to pay off debt by gambling proceeds, that is definitely a fatal mistake, in fact many gamblers end tragically, they commit suicide because they have a lot of debt and pressure from debt collectors who hunt them down, so many gamblers who ended his life because he had debts from loan sharks, that's why never try to borrow money from anyone because the risk is high as you mentioned earlier, such as high interest rates which can make it even more difficult to pay it off.

he made the wrong and very fatal decision, he gambled with the aim of doubling his money, but the final result was even more miserable, this is an important lesson for all of us not to gamble with money that has a special purpose especially

Yes, that's wrong, that's why so many gamblers end their lives because they ultimately can't pay their debts, this should also be a concern and also a lesson for other gamblers, never try to owe anyone just to finance their gambling, gambling is not a place for you. we are not looking for money but for entertainment and having fun, that's why never gamble if you don't have money, let alone not being able to control your money properly, if you can control yourself and have a steady job, aka more income, there's no problem gambling because there is still more money to gamble and not used, unless we really have limited money, we should not force ourselves to gamble because it will only make things chaotic if it is not controlled properly. 

[Jody.Drummer]

the chances of winning or multiplying the money they bring which indirectly they like to rule out the possibility of losing which in the end when the result turns out to be losing then usually they are unable to accept the fact because it does not match their wishes.

This is one of the sad but true facts. Whenever we play, we never think about the possibility of losing our deposit. We gamblers always think that we will win something big or at least we will double our deposit. Or at least some profits from the deposit. We do not think that we could lose our bets. When it comes to gambling, nothing is guaranteed. But, some of us always like to be confident in ourselves while we all know the fact that the house always wins.

We should not forget that everything has a positive and a negative side. Losing is a dark side of gambling which harm you financially. So, everyone is advised to gamble with the money they could afford to lose. But, how many of us care?

Yes, what you said is always in someone's mind when gambling, most gamblers carry such mindsets and beliefs, as I said above that they like to rule out the possibility of losing in gambling so that they only think about winning and never think about what if in the end they lose, because obviously in gambling there is absolutely nothing that can ensure or guarantee you to win at the end of the session. In the end, this mindset and belief will make them feel even more disappointed at the end of the session when it turns out that the results really lose.

Yes, that's the point, everything that has the possibility of profit will always have the possibility of loss, for example in business which is always about profit and loss, and especially in gambling which is basically just a betting activity that whatever dedication you do will not be fully useful because of the randomness system applied by the casino. So in essence gambling is nothing more than a game of chance, not only about the chances of winning but the possibility of losing is also a sure thing, so you have also said that this is the reason why gamblers should always put the amount that can be accounted for.

[Dewi Aries]

-snip-

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

I'm confused as to why there are people who think that one way to double their money is by gambling, because I think that's the act of frustrated people because people with a healthy mind understand that gambling is not a good way to double their money, even when we do business there are opportunities to lose money or have to wait until we can make a profit, especially in gambling, so there is no right way and quickly to double our money, everything needs a process because if there really is a right and fast way to double our money, including gambling, then there are no poor people because it can be done gambling because all financial problems can be solved by gambling.

True, I am also strange about such people, even though they have common sense that can be used to think and consider everything but there are still those who view gambling as a place to earn or even make it a full-time job, this should not be allowed and must be straightened out because this mindset is the starting point for many disasters that they never expected. On the other hand, I believe that the main reason is because they only see gambling from one side, namely the "chance of winning", they think that they will be able to get a big win when in fact it is nothing more than a chance which means it is still uncertain to become a reality. Some gamblers who end up addicted always start with this mindset where they focus too much on winning to the exclusion of losing. That's right, in the business world alone it is very possible for someone to experience a loss for some reason, let alone in gambling which has no certainty. Therefore this must be straightened out, gambling should be fun and not a medium for earning considering the level of risk that can never be separated, the logic is as you say if gambling can really produce then obviously there will be no more poor people in the world.

[zaim7413]

~~

Yeah, having a job is the main solution for paying off the debts that a gambler has. There's no need to rethink of it and just look at the part when you can easily pay it with your salaries. You have to talk to the person that you owe money and explain that you'll pay it eventually with the use of your salary without any other sources like gambling again. Because it has already taught you on how to be better with yourself and it's not the way on how you should pay your debts.

The most effective way to pay off debt is to look for other sources of income, such as looking for a side job, instead of betting to meet the required shortfall. Digging a hole to cover the hole can be done temporarily if the payment is due. When you are in a tight situation, you must be able to think clearly so as not to add to the problem to solve the problem.

[Reid]

That was just too stupid of him. There are other ways to complete the amount he needed but it should not be in gambling. Bank offer loans for those who needs and all he have to think about are the interest rates. Gambling it is not the solution that will help his problem.
Man, I hope he didn't do much stupider thing after he lost. It's not even a 50-50 in slots, the chances to win are slim that you might as well give it a try on other games than it. Before slot games gives back, sometimes it requires hundreds to thousands of bets.

[Hispo]

That was just too stupid of him. There are other ways to complete the amount he needed but it should not be in gambling. Bank offer loans for those who needs and all he have to think about are the interest rates. Gambling it is not the solution that will help his problem.
Man, I hope he didn't do much stupider thing after he lost. It's not even a 50-50 in slots, the chances to win are slim that you might as well give it a try on other games than it. Before slot games gives back, sometimes it requires hundreds to thousands of bets.

I won't disagree with you. Taking the step of gambling the little money left in order to try to tackle debt is one of the most irresponsible things to do as a gambler, right after asking for loans to gamble with them. Though, realistically, if he was that desperate enough to try to gamble that money to pay those loans in the first place it is very likely that person had already depleted other traditional and more orthodox options, like asking for the bank to help out.
By the way, you must consider that, if he already had an active loan, it is very likely banks would have denied his request to ask for more money. Financial institutions talk among themselves and let one another know what people are supposed to be trusted with money and who are a very bad history of credit. So he probably knew he did not have much changes to be granted a loan at the bank.
Still, not the solution to gamble, in the slim case he managed to (at the very least) double his money on an online casino, he would have lost it all again because I doubt he would have stopped at a 2x multiplier. Sadly, that is how impulsive people operate.

[Woodie]

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

What you just described shows that gambling can never be the answer to ones problems especially if you aren't familiar to this art and have no strategy to get to where you want to go..

And just so you know, when it comes to gambling and someone is under pressure things usually never go your way as you are in a desperate mode and not in the right mindset which means reckless decisions can be made.

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

Agreed, if it's not fun based gambling without any commitments don't gamble.

If financing is an option do take it to avoid unnecessary pressure on yourself.

[invo]

Most of them will feel lucky because they can win some money, but they don't realize that they can't have that luck in the next round and that they should stop gambling immediately. They need to stop immediately before they end up losing all their money and being unable to pay their debts. Especially if they decide to continue gambling after winning but instead experience a loss that costs them all their money. It will make them frustrated and regretful because they had the opportunity to stop gambling but didn't take it immediately. It was a fatal mistake, but everything had happened, and they couldn't get any more wins, and they couldn't even continue gambling because all their money had run out.

That is due to their previous winnings making them too proud to try another game and it turns out they are not lucky at that time. However, during that time, they can't easily stop as they have a goal of paying their debts. They will continue their game and end up losing all the money they have. That's why many people who gamble feel lucky when they win some money. They often fail to realize that their luck may not continue in the next round, and they should stop gambling immediately. If they continue gambling, they may end up losing all their money and being unable to pay their debts. This always happens if they keep gambling after winning, only to experience a big loss that costs them all their winnings. Such a situation is likely to leave them feeling frustrated and regretful because they had the opportunity to stop gambling but didn't take it. Sadly, once they lose all their money, they won't be able to continue gambling, even if they wish to do so. It's crucial to understand that previous winnings shouldn't make one overconfident to try another game, as it may turn out that luck is not on their side this time. Therefore, gambling to pay off debts is not advisable.it is not advisable to gamble to pay your debt.