Escape Debt with Gambling: A Dangerous Cycle

[Westinhome]

What you and your friends are facing is a quite complex and challenging situation. What's more, your friend is associated with a loan shark, where when you borrow money from a loan shark at a higher interest rate, this can drag your friend into a debt cycle that is difficult to resolve, especially if the money borrowed is used for gambling and placing bets. And maybe at first glance helping your friend to pay off his debt is a good and noble act, but following the advice to use a trick with the aim of cheating the online gambling system, is not a good enough solution. Because this could get you and your friends into quite serious problems.

In this case you must be able to say honestly what you feel, if you feel unable to help then just say so. It is important to remain honest with yourself and your friends in understanding your limitations in providing assistance. Because you are not a god who can answer all the requests of his servants. Providing emotional support and sound advice is in my opinion the best thing you can do.

The gambler who want to gamble by getting the loan is not the recommended one.Because the game was not in the hand of the gambler,if they use the money from the loan.Surely the gamblers get the emotional in every game,when the initial dollar was reduced the gambler will start to worry about of being loss their money in to the gambling site.The gamblers who take loan from the loan shark will need to pay the extra interest for the loan,if the loan repayment duration was increased because of the loss of their money into gambling site.Your friend should avoid of playing the gambling with the loan is my personal opinion to avoid huge loan in a row.

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[Docnaster]

I've read everything the OP said and I think the driving force behind your friend's decision to look for easy ways to bug the casino is because he simply wants to win big and settle his debts but that's actually not the best way to settle debts accrued through gambling.
When a gambler is trying to win big in gambling to settle his debts, his mind is ever ready to engage in any sort of illegality just to make sure he achieves his aim and in most cases, they end up losing more fortunes than they had lost before.

[Dewi Aries]

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

That's right, no gambler can beat the house, the casinos create the systems and they apply the algorithms to every game that is provided, overall gambling is set up to benefit the house and that means that whatever you do as a way to get a win is all for naught and you will only end up with a huge amount of losses, I'm not saying you can't win because if at certain times luck comes along then you can also win like others but maybe not as often as you would like. And gambling with borrowed money or gambling with the aim of paying off debts you have is a very reckless or even stupid idea and action, gambling is not created to solve financial problems because this is a probability activity that only provides "possibilities".

So as you said that what is allowed and recommended is to gamble with your own money and with an amount that you can afford to lose, everyone does not like to lose but when you want to engage in gambling then you have to be prepared to lose anyway, and the point is that gambling with borrowed money to pay off debt is not a solution but it is a new way to end up in a worse situation.

[Oilacris]

What you and your friends are facing is a quite complex and challenging situation. What's more, your friend is associated with a loan shark, where when you borrow money from a loan shark at a higher interest rate, this can drag your friend into a debt cycle that is difficult to resolve, especially if the money borrowed is used for gambling and placing bets. And maybe at first glance helping your friend to pay off his debt is a good and noble act, but following the advice to use a trick with the aim of cheating the online gambling system, is not a good enough solution. Because this could get you and your friends into quite serious problems.

In this case you must be able to say honestly what you feel, if you feel unable to help then just say so. It is important to remain honest with yourself and your friends in understanding your limitations in providing assistance. Because you are not a god who can answer all the requests of his servants. Providing emotional support and sound advice is in my opinion the best thing you can do.

The gambler who want to gamble by getting the loan is not the recommended one.Because the game was not in the hand of the gambler,if they use the money from the loan.Surely the gamblers get the emotional in every game,when the initial dollar was reduced the gambler will start to worry about of being loss their money in to the gambling site.The gamblers who take loan from the loan shark will need to pay the extra interest for the loan,if the loan repayment duration was increased because of the loss of their money into gambling site.Your friend should avoid of playing the gambling with the loan is my personal opinion to avoid huge loan in a row.

Come in mind that whether you solely the ones who would be playing or other people whether your friend or whoever you've been thinking, it doesnt really matter because if you are unlucky
you are unlucky and you would definitely lose and this is something that cant be changed. If you are lucky then you would be winning. Better not to take off the deal on playing on behalf with your friend.
It is really just that sad that there would really be people who do keeps on chasing their loses on which they didnt really have been able to think up well on how they should really be considering on stopping to prevent further loss. Its never been good on making yourself chasing up those negative because the more you do it, the more it would be getting deeper.

[Natsuu]

Hey just be straight with your friend. Let him know messing with online casinos is risky and it could make things worse. Suggest seeking professional advice on handling debts or exploring legal alternatives instead. Gambling might seem like a quick fix but it often ends up causing more trouble. Encourage him to make responsible choices for a better long-term solution

[Rruchi man]

~

Some Gamblers actually are lucky that they win big and are able to clear off their debts through gambling, but the chances of this happening is very small because it doesn't happen everyday and certainly not to every gambler who has a debt to pay. Some debtors who are gamblers are under very serious pressure of paying off their debt because they are due, if that pressure is taken to gambling, a good decision will be hardly made. A debtor who still has enough time to pay off a debt may be lucky to win and pay off debt because they will be calmer when gambling.

[goinmerry]

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?

Try your best to shift his beliefs. Don't ever consider giving him money as that will fuel more his mind to believe that what he currently believes is right. It's up to you if you will ignore him but the worst might happen. Better give your best shot to just continue doing advice as much as you can.

If he now tries to ignore you because of your annoying advice, then that's the time you won't care about him.

At least, you tried your best and just hoped for the best for him.

[Jody.Drummer]

Hey just be straight with your friend. Let him know messing with online casinos is risky and it could make things worse. Suggest seeking professional advice on handling debts or exploring legal alternatives instead. Gambling might seem like a quick fix but it often ends up causing more trouble. Encourage him to make responsible choices for a better long-term solution

People who cannot bring a rational mindset to gambling often end up with a lot of financial problems, and this is what the person in this case experienced, in the sense that he really did not see gambling from various sides and he only saw gambling in terms of profit, especially about winning but did not think about the negative side which would actually make him fall into the abyss. This is what will happen when you are too focused on winning along with putting hope in it, because instead of getting a win to pay debts but what happens is that you will experience a lot of losses which of course will make the situation worse. Therefore, it is always recommended to apply caution and vigilance along with full awareness when you want to get involved in gambling, lest you take the wrong path that ultimately makes you lost, after all gambling is not a solution to any problem and this really should be considered and applied in mind.

[traderethereum]

Hey just be straight with your friend. Let him know messing with online casinos is risky and it could make things worse. Suggest seeking professional advice on handling debts or exploring legal alternatives instead. Gambling might seem like a quick fix but it often ends up causing more trouble. Encourage him to make responsible choices for a better long-term solution

Maybe @OP can try to play and win the gambling game because he has seen a bug that he can use to win
That's just stupid advice @OP, don't take it. But it was true that he needed to advise his friends not to rely on gambling to make money.
However, gambling will not give him the money he wants and he may end up losing even more. He must immediately be made aware that what he is doing is wrong and it is time to try to cure his addiction to gambling because it is all for his own good.
Moreover, his friend has deposited a lot of money to gamble but he hasn't been able to win. So @OP should immediately advise his friend before he spends any more money.

[Outhue]

Sounds stupid to me, if you believe that you can pay your debt with gambling don't rely on it, I will still advice you to risk only what you can afford to lose in gambling, most times, when people try to use such strategy I like calling it debt with debt, because it's sure that gambling will bring you more debt when you are trying to settle a debt with gambling.

You can't escape debt with gambling, you are just looking for more problems for yourself, it's highly likely that you will end up in more troubles because remember that you will also risk money when gambling, imagine that you keep losing all the money in the hope of making money, and you later find out that all the money you've risk is so much, enough to pay part of the debt already?

This is what happens to most gamblers that plan to pay debt with gambling, it's a wrong method, because you could be calling for more debt on your neck, gambling is nothing but luck dependant.

[Blitzboy]

Sounds stupid to me, if you believe that you can pay your debt with gambling don't rely on it, I will still advice you to risk only what you can afford to lose in gambling, most times, when people try to use such strategy I like calling it debt with debt, because it's sure that gambling will bring you more debt when you are trying to settle a debt with gambling.

You can't escape debt with gambling, you are just looking for more problems for yourself, it's highly likely that you will end up in more troubles because remember that you will also risk money when gambling, imagine that you keep losing all the money in the hope of making money, and you later find out that all the money you've risk is so much, enough to pay part of the debt already?

This is what happens to most gamblers that plan to pay debt with gambling, it's a wrong method, because you could be calling for more debt on your neck, gambling is nothing but luck dependant.

The "debt with debt" technique is a trap, according to personal experience and many stories. Yes, its a downward cycle that worsens financial problems.

Consider that every bet has the possibility of more loss. The chances are against you - the house usually wins, right? I've seen and studied it, but the conclusion remains the same. Gambling exploits hope but rarely delivers. Risk includes both today's losses and tomorrow's compounded debt.

Debt management requires strategy, discipline, and tough decisions, not luck. Winning large is tempting but unlikely. Its a surefire debt trap. Face reality and dont risk our finances.

[Yatsan]

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?

He can't and he should not force you to do so especially if it is against your will, if he's really a friend of you. If he would insist and would be mad of your rejection then consider avoiding that friend of yours.  First of all, we all know how gambling works. Even if there's somewhat of a cheat, it would be impossible to last forever without the gambling provider, finding out eventually. They won't allow their platform to be abused by players for a long time without them doing anything to resolve the bug. And if his solution to debt is making it out thru gambling, then he's really making a bad decision. Much better if he would think of a way to pay it without taking any risk before he put himself to a worse situation. Nothing's easy and assured with gambling. He might have experienced some tweaks but trust me, no such thing is permanent.

[SamReomo]

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.

In that case you should try to find an ethical way to help your friend who needs money rather than stealing the money from a casino. Man, you should keep in your mind that casinos are also run by people who spend a lot of money on casinos in order to earn from the business model, some of the casinos go bankrupt if they don't get success, if someone exploits those casinos then that person is somehow taking money of those workers who work on that casino. It's some kind of stealing from a casino and giving it to your friend. Your own inner self will always tell you that whatever you have done was not a moral act and you'll feel guilt whenever you remember that you did a crime in order to help out your friend.

[khiholangkang]

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?

Try to be honest with yourself about the limitations you have, because no one is perfect, including me personally and you. Therefore, never hesitate to admit the limitations you have, and stop pretending that you are capable of doing everything.

And if you really can't agree and comply with this request, you also feel quite forced to help your friend. So don't ever be afraid to say "no. I can't" but remember it must be conveyed politely and with good words, convey your main reason why you can't help him, for example because it is too risky and could endanger your safety, or another reason that sounds quite logical. because when you deal with loan sharks, it's no joke. Apart from the relatively high fees, their method of billing their customers is very harsh and likes to play physically.

And to keep your relationship with your friends improving, try to provide alternatives or support in other forms.

[Weawant]

In that case you should try to find an ethical way to help your friend who needs money rather than stealing the money from a casino. Man, you should keep in your mind that casinos are also run by people who spend a lot of money on casinos in order to earn from the business model, some of the casinos go bankrupt if they don't get success, if someone exploits those casinos then that person is somehow taking money of those workers who work on that casino. It's some kind of stealing from a casino and giving it to your friend. Your own inner self will always tell you that whatever you have done was not a moral act and you'll feel guilt whenever you remember that you did a crime in order to help out your friend.

It's actually an unhealthy practice and shouldn't be encouraged for any reason, some persons don't have that good herat enough to tell their selves that what they are doing is not good that stealing from the casino is a way of making others who work there not have their pay nd that will means they will be bankrupt aswell.

Tell your friend to look for a better way to earn money and not to steal from the casino as the casino is also some One else's business and that spend money to run it too sometimes they do spend a good amount of fund s on these casinos to keep them running but this may be a unknown f t to the gamblers a sthey will only see the casino taking their money as not the expenses the casino in cure to run the game house. It's criminal to steal and it's punishable by the law, so before he gets caught he should quit.

[Oilacris]

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?

Try to be honest with yourself about the limitations you have, because no one is perfect, including me personally and you. Therefore, never hesitate to admit the limitations you have, and stop pretending that you are capable of doing everything.

And if you really can't agree and comply with this request, you also feel quite forced to help your friend. So don't ever be afraid to say "no. I can't" but remember it must be conveyed politely and with good words, convey your main reason why you can't help him, for example because it is too risky and could endanger your safety, or another reason that sounds quite logical. because when you deal with loan sharks, it's no joke. Apart from the relatively high fees, their method of billing their customers is very harsh and likes to play physically.

And to keep your relationship with your friends improving, try to provide alternatives or support in other forms.

There are really indeed people on which their ego is really on the rooftop on which they wont really be allowing themselves to be placed at the bottom.They would really be thinking high of themselves.

Some wont really be that totally something like this since they've been wary that they would really be messing up their life if they would pursue or trying out to push
on whats the idea that they do have in mind even if they do know that they cant really be able to achieve it out.

Ego or your own perspective on thinking up high or you do have that kind of feeling that you can do everything would really be always
bring out disadvantage i should say.

[pakhitheboss]

I had to spend $10 from my pocket to convince him that the casino does not have a bug. I had to sit with him and play the game that he thinks can be rigged with my own money and the bugger still thinks that I am trying to fool him. He is now asking all his friends who are into gambling to help him as he got hold of the individual who won big time from the casino. I did meet with this guy and he told me that he created 20 accounts using 20 different mobile numbers to win a substantial amount from the casino.

As I have said earlier it is an illegal online casino in my country and the owner is trying to use it for his benefit therefore KYC is not needed. The way he recognizes that a user is genuine is by the mobile number. It is not that easy to get mobile numbers in my country but in some shops, you can get them by paying extra to the shopkeeper.

Now the question that comes to my mind is whether it is possible to win in a casino by creating several accounts and playing the same game at the same time. Does it crash the game? Or there is another reason.

[RockBell]

Sounds stupid to me, if you believe that you can pay your debt with gambling don't rely on it, I will still advice you to risk only what you can afford to lose in gambling, most times, when people try to use such strategy I like calling it debt with debt, because it's sure that gambling will bring you more debt when you are trying to settle a debt with gambling.

You can't escape debt with gambling, you are just looking for more problems for yourself, it's highly likely that you will end up in more troubles because remember that you will also risk money when gambling, imagine that you keep losing all the money in the hope of making money, and you later find out that all the money you've risk is so much, enough to pay part of the debt already?

This is what happens to most gamblers that plan to pay debt with gambling, it's a wrong method, because you could be calling for more debt on your neck, gambling is nothing but luck dependant.

from the first play why the heck will someone get a loan just to gamble that is one of the sliest things anybody can do, and since gambling is not something you can rely on then how do you end up paying back the loan people don't think, and they feel they can always take a risk at the cost of whatever it may lead to, and they have to forget that risk should be re-examined before you even think of taking one, when a loan is taking it must be repaid the loaner does not have a business with either you win or not and does are the risk behind it. and if anyone borrows money to gamble that is how that person will continue to gamble with borrowed money till the person decides to get help. and I wouldn't say I like the fact gambling involves to much risk just makes the whole thing worst, because the person will have too many thing to be concerned with, starting from the money borrowed and winning your gambling.

[klidex]

Actually, the problems your friend is experiencing is so complicated, he want to involve you in the problem he is experiencing and is trying to take advantage of the situation of the casino being hit by a bug. In fact, this could be said to be a good opportunity, which rarely happens in online casino because it is very likely that the casino owner will experiences big losses if many people use it at times like that, but that doesn't mean your friend can use it because it is very dangerous for your own reputation and that of your friends if one day it is discover and it might be reported by the authorities on the basis of fraud, even though it is actually a bug it's a system error and not the users fault, but it would be better if you played it safe rather than having to suffer the consequences later, after all, why would your friend want you to do it and why not just do it yourself without having to involve you in thing that might make thing difficulty for you someday what happened.

[angrybirdy]

I've read everything the OP said and I think the driving force behind your friend's decision to look for easy ways to bug the casino is because he simply wants to win big and settle his debts but that's actually not the best way to settle debts accrued through gambling.
When a gambler is trying to win big in gambling to settle his debts, his mind is ever ready to engage in any sort of illegality just to make sure he achieves his aim and in most cases, they end up losing more fortunes than they had lost before.

That's right, and if we look at it, it would seem that his friend would do more harm than improve the situation he is having. I think we can get rid of all the problems we have if we do the right thing and by not taking the wrong action. Sometimes, in our desire to make things easier, we don't think about the circumstances that could happen to us, we can't think about the consequences we will receive if we do things wrong, because our focus is only on making money and paying off all the debts we have.