Escape Debt with Gambling: A Dangerous Cycle

[pakhitheboss]

We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling.

In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games.

I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk.

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

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[SamReomo]

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

I suggest you to give him his account back and tell him that you can't do that for him. It's something totally unethical to exploit bugs of a casino and use those to take advantage of it.

It would be much better if you contact that casino and tell them about the bugs so they can fix it and be safe from such exploits.

Your friend is basically trying to cheat a casino and he wants you to be involved in that cheating if I'm not wrong. Just go tell him that you can't do that for him.

[pakhitheboss]

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

I suggest you to give him his account back and tell him that you can't do that for him. It's something totally unethical to exploit bugs of a casino and use those to take advantage of it. It would be much better if you contact that casino and tell them about the bugs so they can fix it and be safe from such exploits.

I have thought about that but considering the financial mess my friend is in now I could not. I have to think about him first rather than the casino as he is married and has two kids. It is not that he is not working both he and his wife are earning a decent amount of salary. The problem started five years back when due to COVID-19 he lost his job and at that time his wife was not working. There are many issues related to this guy who is my friend and some of them cannot be discussed openly in the forum. I appreciate your suggestion, thank you.

[ryzaadit]

One thing people should avoid
- People who tell you how to get rich
- Investment
- Someone tell people about gambling tricke.

I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self).

[Oshosondy]

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.

[danherbias07]

I think it would be best if you take this to the owner of the casino and you might make money by doing that. Then, just share some of that money with him and maybe that will silence him from doing this kind of thing that might get you both in prison or, worse, just you.
There are so many things that can be done to make money, especially in this era, why go to something that would jeopardize your safety? It's also your fault for giving it a thought, he might think you are really interested in the evil project that he wants you to do.
Don't give any person an idea that you are interested and they will stop. That's it. Period.
Play fair and you will sleep at night better, play unfair and you will have nightmares. I believe in that and karma is such a bitch that it will backstab you whenever you are not ready.
Loopholes will always be there, but as human, we have ethics that we try to always follow. I am sure there will be rewards for those who will tell the truth.

[dansus021]

the house is always win and the gambling cycle started when you had a big loss and try to deposit with a loan money. that is the started of everything so the best option right now is only do gamble with amount you can afford to lose and with tight budget and stay on the budget.

you know win big and loss big is just part of the gambling story so deal with it. maybe there is a moment we had a big win and can pay everything and buy anything but there are also a moment that we lose so don't get into loan for gambling the dangerous cycle will haunt you

[Jody.Drummer]

This is the danger when you don't understand what gambling really is, and on the other hand someone can become very aggressive for a reason, such as the situation that your friend is experiencing here where he is experiencing a lot of pressure from the debts he has, urgent circumstances make it difficult for someone to think to consider and find a solution that is really a solution, from the conclusion that I can here is that your friend slipped in thinking due to the pressure that was in his mind so that it made it difficult for him to think and in the end made gambling an alternative to solving the problem.

Another thing, we must understand that after all gambling is not an activity or a place to make money, because after all there is absolutely no certainty at the beginning of the session that can guarantee you to win at the end of the session, and after all gambling is a business founded by the bookie which means they are looking to profit from most gamblers who act impulsively and who try to take advantage of gambling in the wrong way, and this is why we always say that the house will always be the winner. So it's not unreasonable to think of gambling as a way to make money, but unfortunately there are still people who can't think rationally which makes them end up with bigger problems such as the increase in debt that your friend experienced and taking out a loan to gamble with the aim of paying off previous debts is a very silly decision.

[pakhitheboss]

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.

I can give him the money from my pocket and forget it. The problem will remain the same as next time he would expect me to again bail him out. It is not a viable condition he needs to learn about finance the hard way which I am ok with. What he is now asking is another gamble with his life and his family and that is making me insecure as he would either kill himself if this thing does not work out or he would massacre his family and then kill himself. His desperation is real as those loan sharks are now pressurizing him to make the full repayment before the due date or pay them extra within the time frame. I do not want to be part of such situation but I have to help him and that is kind of a messy deal that I am in.

[Coin_trader]

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

You have no obligation in any form to help your friend on financial needs because he is not your partner or family at least. You already gave him a clear indication that you are not interested on what ever shit he is doing on gambling but he still keeps playing.

I have a lot of experience on dealing with person like this and they will never stop badgering you for help unless you answer them a firm NO. Having a hard feelings is inevitable but you should remember that it’s his problem not yours so don’t stress yourself on the problem of others because he is the one who enter that situation without your support.

[acroman08]

I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk.

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

just to be clear, your friend is asking to to help him gamble at that casino using the trick he learned so he can pay his debt faster? if my understanding is correct, then don't do it, this is just a disaster waiting to happen, and if the disaster did happen you would be blamed for it(or at least some part of it) and I wouldn't be surprised if your friend asked you to pay some of the money that was gambled.

[Quidat]

I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk.

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Just simply tell him that you cant do it, dont tend to force yourself on doing something which you dont really want to do. If you dont like on getting blamed in the end of the line then it would
better that you should really ignoring or reject out such request. Tell him that he try other friends that he had because even if he do say that he's that willing to take risks
on which its not something that would really be that true. Dont risks your friendship into something which is really just that a temporal agreement because if it might looks
okay but on the time that you do bust all of funds that he had on that certain account then for sure there would really be some blaming moments.

[Solosanz]

You made a good decision.

No matter how good he's or how strong your relationship with him, anyone can change whenever they want, so don't expect if they're a nice person when you were in school or university, he will be nice to you after graduation, have a job, have a girl friend, after marriage, or after having a baby.

He's just one from many many friends you have, even you don't have other friend, you can find a new friend.

[retreat]

You don't need to help him by lending him money to pay his debts, because there is a big possibility that the money you lend will be lost in gambling again. Moreover, you don't have the responsibility to help him because you are just friends, so you can cut ties with him if you feel uncomfortable with him. Because a friend like that is not worthy to be called a friend seeing that he seems to want to trap you from the start.

[swogerino]

One thing people should avoid
- People who tell you how to get rich
- Investment
- Someone tell people about gambling tricke.

I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self).

I also think to stay away from such happenings.People in the casino chats blame the house for their loses while they are the only responsibles for their money and the way they spend it.

I don't think is greed the motivator to pay off debt with gambling rather the belief to try one or two times and see if you hit it big enough,I once thought why not play with 1 dollar bet in slot machine with x40.000 max win and get that 40000 dollars to pay off mortgage yet I lost miserably.There is also no such thing as tricking the system,the house edge is exactly there to prevent this from happening.

[slapper]

Gambling increases debt, not solves it. The exhilaration of a prospective win blinds you to persistent defeats. Every bet moves closer to financial catastrophe. Your friend is making all the wrong life decisions, and this isn't just about money. He's fighting his desperate decision-making, not a casino. You're involved? He won't find it lifesaving. An anchor will bind you both

He must accept that debt has no shortcuts, certainly not high-risk ones. Stop gambling and face the consequences. Help him find legal debt relief. Encourage him to negotiate debt restructuring, see a financial planner, or talk with creditors. Love is hard, yet he needs it more than ever

[piebeyb]

Your friend's biggest mistake was borrowing money from loan sharks and his second mistake was using gambling as a place to pay off his debt there and his third mistake was borrowing more money to gamble, that's clearly a very fatal mistake that can't be helped anymore, actually I also had a friend like that until now he no longer contacted me and heard the news that he was involved in a legal case for committing a criminal act of robbing a shop which ultimately landed him in prison.

Desperate gamblers will usually do anything to achieve their goals. In fact, you are not wrong if you don't answer his calls because later he will continue to ask for your help without wanting to try to change his habits. A gambler who is desperate to gamble just because he wants to pay off his debt will usually return. gambling again, especially if you help him it will definitely be in vain, it's best not to say YES to helping him, in my opinion it's best not to answer his calls because it's for his good in the future so that your friend doesn't make careless decisions and is willing to spend money gambling just to pay off his debt to loan sharks. 

[Iroh]

I do not want to be part of such situation but I have to help him and that is kind of a messy deal that I am in.

You don’t have to do anything you don’t want to. You mentioned you want no part of the situation yet you still willingly get involved. What he’s probably going through is the results of not so wise decisions he has made over time.
He’s gone and got himself in business with loan sharks. Very understanding when lending money and not so understanding anymore when it’s time for repayment. You wouldn’t want to get involved with such characters.

It’s truly admirable wanting to help out the person you consider a friend. While helping a drowning man, You’ve got to be careful not to drown also.

[Helena Yu]

You can try to tell him to stop gamble or seek a help to professional, if he don't listen to you, then you need to avoid to interact with him.

One thing people should avoid
- People who tell you how to get rich
- Investment
- Someone tell people about gambling tricke.

I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self).

For investment it's subjective.

If someone offer a private investment to start a business, startup, robot trading etc, definitely it's high chance they will scam.

But if they talk about investment in general, without recommend you or asking you to invest into a specific asset, that's a good friend and he's not a scammer.

However you're correct for not telling anybody how to get rich because they will envy and beg for money.

[asyakashi]

This is a real thing and very dangerous if someone just hopes to double their money instantly, if I were in your position, I would not help him and take risks because I know that action will make the situation worse, it's best just to say that you are not willing