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Author Topic: Be careful with people's money  (Read 1104 times)
Obari
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July 06, 2024, 09:40:43 AM
 #201

These news aren’t  good ones and I wish more better things can be down about the whole thing and I think more sensitization can be down about the issue of gambling.
As a gambler, it is always advised that, you only gamble with the money you can afford to lose and over the time, there have been several topics against gambling with borrowed funds or money one can’t afford to loss.

Personally I don’t like taking custody of other peoples funds and that’s because I don’t want to have issues with anyone and I’ve also tried to understand that, the moment there is money at hand, problems and challenges begin to arise and it takes very serious commitment to avoid those temptations .

R


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nimogsm
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July 06, 2024, 09:46:56 AM
 #202

Betting with other people's money is definitely a loss, a person who bets 300k during betting is really a serious case of betting addiction and must undergo a type of treatment, in addition to psychologists to help overcome this trauma.

His reputation has certainly gone downhill, and it will be very difficult to recover again.

Investing isn't easy either, we never know what a person responsible for funds from other companies will do. Human beings are unpredictable, the best way to keep your money safe is with yourself, after all.
There are also successful cases of playing with other people’s money. For example, yesterday my friend went to a bar and forgot his phone at home. He asked for his girlfriend’s phone and made a bet from her phone since there was football yesterday and won. The bet was relatively small, literally the equivalent of 5 glasses of beer .But he is not a systematic player, rather only on championships and this can be several bets for the entire championship.

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Sg4j1n3ll0
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July 06, 2024, 12:25:08 PM
 #203

It is right that everything here in gambling is at risk and it is known to everyone. But the amount which will be used on gambling which can't afford if a loss should not be that on gambling whether that fund is the fund of himself/herself or it is taken any other person both should be treated as the same.
The simple thing is that one should not gamble with another person's money. Gamblers due to lack of capital and abundant excitement to gamble often take money from other people in the guise of "loans", "investments" and so on just to fund their gambling habit. They will mostly lose the money and and turn up to pay it back.

I would say never take another person's money just to put in a risky state. You have zero idea what that person did to get that money and you need to respect that. Gamble with money that you can afford to lose from your pocket only.
You are very correct.some gamblers don't even care despite that gambling is not guaranteed they can go as far of collecting money from people just to gamble and they gamble with the amount that they xan afford to lose . Taking loan from people to gamble is very risky because it is possible to even lose the money in the act of gambling, gambling is unpredicted and taking loan and loosing the game is away of just generating debt. The best way of gambling is playing with your own money and the amount that you can afford to lose. It is only lack of understanding that will make one to gamble with a borrowed money thinking that they can make it up from their game in gambling which it is possible to be a different outcome.
Don't you think it is because they have the mindset and assurance of winning the money and doubling it back? Perhaps it could be that lately, they made some good winnings making them fit to to take as much as they can to gamble. I just want to be real here. I have seen a case where a gambler took a loan not because he had no money but because he had make huge wins for himself and decide to take more loan added to the amount he had to gamble so that he will get rich quickly.

these are rather unlikely situations, it often happens that you manage to win sums but this seems to me to be a bit of thanks and a lot of luck which of course there must always be but as a bettor it would never occur to me to ask for a loan to go to play, it also takes a bit of madness to do something like this

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July 06, 2024, 02:25:23 PM
 #204

~snip~
That is a case that has happened a lot in my opinion, with many people now who are definitely familiar with gambling, they often cannot control themselves so they can spend all their money on gambling and because they are like that it makes them addicted to gambling so that when they run out of money they still have the idea of ​​looking for ways to make money and gamble again, one of which is taking out a loan, of course that's a normal thing to do, but they certainly won't say that the money borrowed is to be used for gambling, because the borrower won't lend money if it's money. will be used for gambling.
It's true what you say, we have to be able to gamble properly using our own money and don't involve other people who don't know anything, moreover they don't deserve the bad effects of the gambling we do. Even if we run out of money and want to continue gambling, we hope we can refrain from gambling again. forcing yourself to continue gambling will only bring disaster.
Exposing your ego. Dude, you'll see your dark sides. That's its charm. Demons are confronted. It's important to be smart. Bets on rent are stupid. If you practice it like a martial art, it can teach you a lot. Reading people, controlling emotions, and accepting the universe's unpredictability are learned

Gambling isn't always alone. Involve the community. Discuss your strategies and wins. That's how we grow. Together, we learn and assist. We debunk the "degenerate gambler" stigma. We focus on it. So we use it to enhance ourselves. We might even have fun

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Today at 02:58:51 AM
 #205

That is why we don't have to bet using other people's money. The risks will be big if we lose because some of them can not accept the lose and can asks to us to gives back their money.
People with no money usually borrow money because they are so confident that they will win more money to pay off their lenders and have a little more extra for them. It’s risky yes but maybe they really have no choice. I am not condoning it as it is really stupid but I do understand where they are coming from.
They can not feel confident if they borrow money for playing gambling because that will not easy to win more money and pay off their lenders. That is what they must realizes so they don't have to borrow money from lenders.
They will have that risks and will makes them in trouble if they can not gives back the money. The must stay away borrow money from lenders.

If you wants to invest, you don't have to join with other people because you have your responsibility to take care of your money. Besides that, you must know what you invests and research that investment before you decides. 
What works you might not work for others. It’s better to look out for yourself than to have to look out for another. The best we can do is give a little bit of general advice then warn them of the risks and consequences of everything they will do.
That is why they must research before they decide. Researching will gives you more information about that thing so you can know what you need to do.
We can advice them and warn them if that will not work for them. But if they can accept the risk and consequences, they can still do that and see the result.

Totally agree with this, using other people's money just for gambling is clearly a very wrong action and has a very high risk too, because we all never know whether we will win in gambling using other people's money or vice versa, the defeat that will occur and we are ready or not ready to be responsible by immediately replacing the money.
Yes, if previously there was a special agreement or agreement, it might be tolerated, but if there is no agreement, it must be replaced immediately because it has harmed other people too.
It is true that if you want to invest, you should only use the money you have, even though it is not much, but it is the safest step for us.
No guarantee for us to wins or lose in gambling, whether we use our own money or use borrow money to playing gambling. But we may lose that money if we can not control ourselves in gambling.
When someone wants to invest, especially with other people, they must make an agreement so there will be no harm for each other or on one side. They must prepare for everything including research for the thing that they wants to do so they will not gets any problem.

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hyudien
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Today at 05:42:12 AM
 #206

That is a case that has happened a lot in my opinion, with many people now who are definitely familiar with gambling, they often cannot control themselves so they can spend all their money on gambling and because they are like that it makes them addicted to gambling so that when they run out of money they still have the idea of ​​looking for ways to make money and gamble again, one of which is taking out a loan, of course that's a normal thing to do, but they certainly won't say that the money borrowed is to be used for gambling, because the borrower won't lend money if it's money. will be used for gambling.
It's true what you say, we have to be able to gamble properly using our own money and don't involve other people who don't know anything, moreover they don't deserve the bad effects of the gambling we do. Even if we run out of money and want to continue gambling, we hope we can refrain from gambling again. forcing yourself to continue gambling will only bring disaster.
Exposing your ego. Dude, you'll see your dark sides. That's its charm. Demons are confronted. It's important to be smart. Bets on rent are stupid. If you practice it like a martial art, it can teach you a lot. Reading people, controlling emotions, and accepting the universe's unpredictability are learned

Gambling isn't always alone. Involve the community. Discuss your strategies and wins. That's how we grow. Together, we learn and assist. We debunk the "degenerate gambler" stigma. We focus on it. So we use it to enhance ourselves. We might even have fun
It's true, we have to be smart when gambling or intelligent. Apart from that, initial thinking also determines that from the start the thought or concept about gambling is wrong, then it is not surprising that bad effects occur. intelligent or intelligent gamblers will not do things that take big risks because I think intelligent gamblers already know that this is a game of probability and luck so we can win if we are lucky but if we don't have luck then it's not strange if what happens is we lose Apart from that, it's their fault that they think they can win for sure so that when they lose they still gamble because they still think they can win in the next gambling game.
Basically, gambling is a means of entertainment that requires a certain amount of money and losing money or losing is a normal thing. remembering that gambling is a business and casino owners also make a profit, it is not surprising that they have a greater chance of winning, because they have arranged everything in such a way as to be able to make a profit from the large number of people who gamble.

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Today at 06:03:25 AM
 #207

These news aren’t  good ones and I wish more better things can be down about the whole thing and I think more sensitization can be down about the issue of gambling.
As a gambler, it is always advised that, you only gamble with the money you can afford to lose and over the time, there have been several topics against gambling with borrowed funds or money one can’t afford to loss.

Personally I don’t like taking custody of other peoples funds and that’s because I don’t want to have issues with anyone and I’ve also tried to understand that, the moment there is money at hand, problems and challenges begin to arise and it takes very serious commitment to avoid those temptations .
In betting, of course, everyone must always use the personal funds they have and if they use other people's funds to gamble, of course this is very bad and will most likely be a problem when they ask for the funds they gave back and we cannot return it because we failed in betting.

What you have done is very correct, because every person who deals in financial matters often becomes hostile when they cannot return the funds they have taken, because as you say it is very true that it would be better for us to avoid using other people's funds. others when gambling.

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Today at 06:25:03 AM
 #208

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.
~

Once a gambler already experience how to win a large amount in playing gambling they will think that they can do the same thing again and again, and of the factor they need of course is budget seems base on the story nothing else other way to accumulate money as he can and by that doing so he think he can risk a large amount of money to have a huge return and bring back their money once he make a good gain, but the opposite things happen he lose all of their money and now he cant deal with his mistake, this kind of story seems can be more because of too much addiction to earn more money in an instant way. Always gamble what you can afford so you don't get include other people with your mistakes.

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Today at 06:30:26 AM
 #209

It’s a sin to gamble with other people’s funds. If it’s your not money, then you should completely avoid touching the money. I have seen many people take loans to gamble. They are forgetting that gambling is not at all sure money. There is risk involved and you need to understand how volatile the risk is. In such a situation if you risk other people’s money, then definitely you are risking your reputation against the other people whose money you borrowed. If you need serious money for gambling, then it’s better to do a serious job and invest only small portion of the salary in gambling to try your luck.

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Today at 06:46:22 AM
 #210

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling.

The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:

“To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.”
Let them continue to use people's money for risky activities and let them face the brunt. Your money is your money, people's money is not your money, so why are you gambling or trading with them? I don't expect people to even gamble with their money which they can't afford to lose not to mention people's money, that's so bad and I don't feel for them. If you are not wise, your foolishness will teach you a lesson, so over time, I expect them to learn from their folly. This case you narrated above in addition is the kind that is not severe since it involved many people from all over the world, but in the case the money involves the people that are directly accessible to the guy, they will deal with him so severely.

Something like that is very common these days and greed and desperation are the two major factors that often cause it. If you are greedy or careless, let it be with your money and face the outcome and cry alone in your closet. But with people's money, anything can happen including a threat to life as some people may not take the money lightly as otherwise would do, so why risk your life on avoidable issues like that?

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Today at 07:24:50 AM
 #211

It’s a sin to gamble with other people’s funds. If it’s your not money, then you should completely avoid touching the money. I have seen many people take loans to gamble. They are forgetting that gambling is not at all sure money. There is risk involved and you need to understand how volatile the risk is. In such a situation if you risk other people’s money, then definitely you are risking your reputation against the other people whose money you borrowed. If you need serious money for gambling, then it’s better to do a serious job and invest only small portion of the salary in gambling to try your luck.

Why do you call it as a sin? Then any use of other people's funds will be considered as sin also, as you and they take risk from your actions. Look on a situation from following angle - you are in casino with your friend, but you forgot your wallet. A friend lend you so money, so that you dont have to waste time getting back home and returning to casino. What, this is a sin also ? Or I have run out money, but tomorrow is salary day. Also a sin if I borrow? Gambling with other people's money isnt sin, people just need to be responsible to money.

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Today at 07:40:05 AM
 #212

It’s a sin to gamble with other people’s funds. If it’s your not money, then you should completely avoid touching the money. I have seen many people take loans to gamble. They are forgetting that gambling is not at all sure money. There is risk involved and you need to understand how volatile the risk is. In such a situation if you risk other people’s money, then definitely you are risking your reputation against the other people whose money you borrowed. If you need serious money for gambling, then it’s better to do a serious job and invest only small portion of the salary in gambling to try your luck.

Do you really know many people who take out loans to gamble? In my entire life I have not known any such person, I have only heard stories about such people, so it seems to me that there are not so many such people who are ready to play for credit money. Regarding gambling, my opinion is that a highly paid job will bring you much more income than gambling, so it is better to spend time becoming an expert in some field and receive a stable profit, than to risk money and possibly lose it.

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Today at 09:33:45 AM
 #213

Yea that is actually true, we should be very careful the way we handle people's money to avoid public embarrassment from people. I know of someone that was also a Gambler whom all money contributed by his lodge mate to give his landlord was used my him for gambling a d guess what, he lost all the money to virtual gambling. Because of shame on how to explain to his lodge mate, he ran away and he couldn't be found. and that made the lodge mates to pay extra money again which was not ideal. That was a criminal act due to gambling addiction. Gambling is not bad,  but we should try as Much as possible to maintain our lane and have a good reputation, and not to cross other people's part. because people are different, we might not be lucky to get away from some people after doing such thing.

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Today at 09:47:40 AM
 #214

It’s a sin to gamble with other people’s funds. If it’s your not money, then you should completely avoid touching the money. I have seen many people take loans to gamble. They are forgetting that gambling is not at all sure money. There is risk involved and you need to understand how volatile the risk is. In such a situation if you risk other people’s money, then definitely you are risking your reputation against the other people whose money you borrowed. If you need serious money for gambling, then it’s better to do a serious job and invest only small portion of the salary in gambling to try your luck.

Why do you call it as a sin? Then any use of other people's funds will be considered as sin also, as you and they take risk from your actions. Look on a situation from following angle - you are in casino with your friend, but you forgot your wallet. A friend lend you so money, so that you dont have to waste time getting back home and returning to casino. What, this is a sin also ? Or I have run out money, but tomorrow is salary day. Also a sin if I borrow? Gambling with other people's money isnt sin, people just need to be responsible to money.

From the contexts of this thread it's bad to use for gambling money contributed collectively by people. Your idea sounds different and wouldn't be considered a wrong habit provided the player keeps to his bargain and pays back as promised. However, it's a shame for a person to gamble people's money hoping to pay back with his wins. Such thing just shows how poorly raised financially and irresponsible the player can be. Gambling doesn't guarantee wins, and gamblers know this, but out of greed they'll want to risk, not just their money, their friends money. If a gambler is capable to pay back then, nothing is wrong with playing with people's money. Not maintaining a responsible habit by endlessly owing the rightful owners of the money, is indeed a big sin.

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Today at 09:57:35 AM
 #215

I would like to turn the spotlight to say that you should be careful who you leave your money to. The moment you don't have it in your possession, the person you give it to, even if it is for an investment that you think will be fruitful, as in this case, can gamble it away or disappear with it. What the OP says doesn't affect me because I don't take money from others, and I'm very careful about who I give mine to.


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Today at 10:02:24 AM
 #216

Do you really know many people who take out loans to gamble? In my entire life I have not known any such person, I have only heard stories about such people, so it seems to me that there are not so many such people who are ready to play for credit money.
You need to know that they hide loans from anyone to gamble, so never assume you don't know him but you don't know he has been gambling with loans. I have seen the fact that some people already have several loans but they don't tell anyone, but when debt collectors look for them then all their secrets become public.

Quote
Regarding gambling, my opinion is that a highly paid job will bring you much more income than gambling, so it is better to spend time becoming an expert in some field and receive a stable profit, than to risk money and possibly lose it.
You're right, we have to look for other job opportunities to increase our income, don't ever hope that gambling can make you rich but the risk can make you miserable, gambling is only fun when we are relaxing. So keep busy with other useful activities to increase your monthly income, so that you avoid gambling addiction.

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