Never borrow money to be able to gamble

[Ojinga]

First remember that you have to play with common sense and responsibility, to make sure that the game is always an entertainment. Knowing this won't make you go to the extreme of borrowing money to gamble. And you have to know the golden rules of gambling. Which are!

(1) DON'T FORGET IF YOU PLAY YOU CAN ALSO LOSE

(2)FOR YOU, GAMING MUST ONLY BE A HEALTHY FOR ENTERTAINMENT.

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all.  I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?
(1) CONSIDERATION
(2) ANY AMOUNT WAGERED.
(3) RISK (4) CHANCE AND A PRICE.

With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.

[Yatsan]

It's a given thing, I guess. But to elaborate you can't borrow money and use it in gambling simply because winning will never be certain. Imagine losing all of it and still be needing to pay it, would you be fine? Never put yourself in a situation that you wouldn't want to. If you already have the urge to borrow for the sake of being able to gamble, there's a big problem going on. That simply means you're too hooked up with the idea that gambling will make any significant change in your life. Always manage the risk as much as possible.

Keep in mind that many people are only using a portion of their salary to avoid worse situations which is to ened up with nothing because of this activity. It would be much better to anticipate that losing is more likely to happen than you winning. If it's not your day then accept it. If you don't have money to gamble then accept it. Gambling is a game of luck and luck on the other hand is not something we have control of.

[Hispo]

You can call it wishful thinking, but I like to assume most gamblers out there in the planet are responsible enough so they are aware gambling with money do not actually own is a bad idea and it will ever be a bad one.
I have seen a couple of instances here in the forum in wish we could meet people who had gone reckless enough for them to ask money to the bank and lose it to the casino in the same day, they came here and shared their story as a cautionary tale.

Anyways, this thread is about information which is supposed to be common sense for anyone who partakes in gambling and betting in general, it is just a reminder. It would be more effective for anyone going through gambling addiction of we could share to them some advice and stories of people who went into debt but managed to rise up the ashes and recover from it.

[Rruchi man]

With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.

Addicted gamblers know these things but still want to just go ahead and borrow money to gamble because some are unable to control themselves, and whenever the urge for gambling comes, they do not mind how they get the money to gamble; they just want the money to gamble.

Do not lend money to your friends who you know want to borrow money to gamble with; if you do so, you are promoting the bad habit that they are forming.

[oktana]

For too many reasons it is foolish to borrow money to gamble. I don’t like borrow money and even when I do, I can’t risk it because you may try to be smart to double it and you end up giving the money to the casino like it’s charity and you will still have to pay up for money you never used to achieve anything meaningful. Gambling should be done out of your pocket and an amount you can afford to lose.

[Dr.Bitcoin_Strange]

If every gambler on earth had followed all of these tips, then there would have been no addicted gamblers, and there would also be fewer people who caused issues for themselves after losing money that was not theirs in gambling. 

Just some days ago, a user on this forum was talking about his friend who took a loan of about $2k and used the money to gamble, which was lost, and yet he is still gambling, trying to repay his debt from gambling. 

Well, at OP, this same topic has been discussed not only twice on this board, but we will still have cases like those losing self control and gambling with loaned money.

[Oshosondy]

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

It should be do not spend more money than you can afford to lose

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

You can further explain that the budget should be of small amount of money like 1% of your weekly income which is advised. I use around 2 to 5% of my weekly income which has no bad effect on my financial life.

[Wexnident]

~

Isn't that common sense? Heck in the first place borrowing money for anything is generally bad or wrong. Emergencies should have emergency funds as much as possible, only if you can't afford it anymore should you ask for loans. Outside of that, it really isn't anything worth it. Only at a certain amount of wealth would it ever make any sense to get any types of loans, especially since afaik it's also a method for most rich people to avoid taxes.

And that's the case with emergencies, what more with gambling which is just a form of entertainment lol.

[lovesmayfamilis]

Simple truths that are familiar to everyone. But gamblers know this from the very beginning, and they don’t hear these rules; they are deaf to them. When a person comes to a casino, he is going to win, and this is a normal feeling, but when something goes wrong, this is where we show our “I.”. Some people simply leave, accepting the loss, while others go ahead, waiting for the return of what they lost.

I would add to the OP's post: don't lose your mind when playing; otherwise, the game will shake you out of everything you have, and you can become addicted, which will also be very expensive to recover from.

[pinggoki]

How many more threads about this before people have to learn, I'm pretty sure that this should be a thing that you should avoid, I mean anyone with a lick of common sense would know that this is the wrong thing to do when you're gambling even if you're not gambling, loans aren't something that you should care to get into because you will know that it's not going to be in your best interest that you have a loan lying around, that's an indicator that you're living outside of your means which means that you probably need some kind of reality check and that you're going to be needing some financial planning regarding how you spend your money, loans aren't a thing that a common man should get into, unless you are making money out of those loans at an exponential level, you're probably better off living frugally and within your means, it takes discipline but better off having tons of debts because of your gambling habit that doesn't get you anywhere.

[Davidvictorson]

I see gambling as one of the numerous ways through which one can have fun and get entertained. And are such we must have a goal in our mind when we are coming which should be guided by discipline so that we don't get carried away and gamble irresponsibly. There is no one that has been 100% winner in casino games or even sports betting. As a matter of fact if you win 100% of the time your account is going to be flagged by the casino. Also having a budget is going to prevent the gambler from spending more money than when he doesn't have a budget.

[Fortify]

First remember that you have to play with common sense and responsibility, to make sure that the game is always an entertainment. Knowing this won't make you go to the extreme of borrowing money to gamble. And you have to know the golden rules of gambling. Which are!

(1) DON'T FORGET IF YOU PLAY YOU CAN ALSO LOSE

(2)FOR YOU, GAMING MUST ONLY BE A HEALTHY FOR ENTERTAINMENT.

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all.  I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?
(1) CONSIDERATION
(2) ANY AMOUNT WAGERED.
(3) RISK (4) CHANCE AND A PRICE.

With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.

There are two kinds of people who are likely to borrow money to gamble, those who are absolute newcomers who think they can get one over on the casino and who see the big odds as a "sure" thing, hoping to maybe double, triple or get even more back for their borrowed money. Then there are the people who are already in a downward spiral and have probably spent a lot more before getting to the point of taking out a loan. You can probably save the first type from making this mistake, but the second type are already deep within tunnel vision. They are fixated that they can earn back all the money they've lost and their "strategy" is to then go negative in their personal finances. The only way they will stop is when hitting rock bottom.

[Churchillvv]

Very well but my question is if everyone here advices each other not to be a gambling addict then who are those gamblers that doesn't obey all this rules here in the forum and outside because basically if you ask any gambler he will tell you all the rules that guides gambling but yet they gamble out of control.

Anyways, to those who gamble alot there is only one unconscious act that pops up in the process but remains unnoticed till it begins to consume you and that is chasing losses or gambling to get back your loses as OP puts it but at the very beginning of you gambling as soon as you loss don't go back on the same strategy thinking you made one little mistake that would have resulted to your loses but gamble with the conviction that you're getting entertained.

[noormcs5]

There are two kinds of people who are likely to borrow money to gamble, those who are absolute newcomers who think they can get one over on the casino and who see the big odds as a "sure" thing, hoping to maybe double, triple or get even more back for their borrowed money.

Newcomers should not borrow money to gamble. Since they are new in gambling so they are likely to lose in gambling. If they borrow money and gamble with a big amount, this means more risk and if they loss, they will have to pay back the person from whom they have taken the loan. Newcomers should be more conscious and invest little money in gambling and that money must be their own. They can save some money for gambling and try their luck with it.

Then there are the people who are already in a downward spiral and have probably spent a lot more before getting to the point of taking out a loan. You can probably save the first type from making this mistake, but the second type are already deep within tunnel vision. They are fixated that they can earn back all the money they've lost and their "strategy" is to then go negative in their personal finances. The only way they will stop is when hitting rock bottom.

When those losers, will get loan to recover the loses, then how can they win when they have lost initially? The luck doesn't changes by taking loans and this revenge gambling will result in more losses than wins. When a person puts any money into gambling, he should make up his mind that in case of loss, he will not regret it and will not attempt to recover it. This is one important good practice which all gamblers should follow.

[swogerino]

First remember that you have to play with common sense and responsibility, to make sure that the game is always an entertainment. Knowing this won't make you go to the extreme of borrowing money to gamble. And you have to know the golden rules of gambling. Which are!

(1) DON'T FORGET IF YOU PLAY YOU CAN ALSO LOSE

(2)FOR YOU, GAMING MUST ONLY BE A HEALTHY FOR ENTERTAINMENT.

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all.  I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?
(1) CONSIDERATION
(2) ANY AMOUNT WAGERED.
(3) RISK (4) CHANCE AND A PRICE.

With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.

I think that gambling should be considered a high risk game.In a high risk game everything can happen and playing a high risk game with someone else money is the worse mistake someone can do.In gambling we have also witnessed that people who usually play with borrowed money end really bad as they lose it all in the majority of the cases.Therefore I consider gambling a high risk game and I have a certain amount that I can throw to this game and not care much if I lose it or not.I immediately quit after losing such amount and come back to gambling after some days as a bare minimum.People with experience know this and act like me,people with less experience they are driven and rushed by emotions which are the ones who borrow money and lose it all,after this their life starts going south.

[bitbollo]

These are excellent tips that can be shared by all bettors.
Probably anyone on this hobby know very well these argument and know very well why its important follow strictly these rules.
Newbie in this field must always remember that gambling is not easy.
Or rather it is not easy to win no matter how easy it can be or how % are in favor.
That's why there are companies earning billions from that.

[Assface16678]

First remember that you have to play with common sense and responsibility, to make sure that the game is always an entertainment. Knowing this won't make you go to the extreme of borrowing money to gamble. And you have to know the golden rules of gambling. Which are!

(1) DON'T FORGET IF YOU PLAY YOU CAN ALSO LOSE

(2)FOR YOU, GAMING MUST ONLY BE A HEALTHY FOR ENTERTAINMENT.

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all.  I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?
(1) CONSIDERATION
(2) ANY AMOUNT WAGERED.
(3) RISK (4) CHANCE AND A PRICE.

With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.

I think that gambling should be considered a high risk game.In a high risk game everything can happen and playing a high risk game with someone else money is the worse mistake someone can do.In gambling we have also witnessed that people who usually play with borrowed money end really bad as they lose it all in the majority of the cases.Therefore I consider gambling a high risk game and I have a certain amount that I can throw to this game and not care much if I lose it or not.I immediately quit after losing such amount and come back to gambling after some days as a bare minimum.People with experience know this and act like me,people with less experience they are driven and rushed by emotions which are the ones who borrow money and lose it all,after this their life starts going south.

not just a high-risk game; gambling is more about losing than earning. What I mean is that many gamblers are playing gambling just because they hope that they can earn a lot in gambling, and they will keep playing even though they know themselves that they should not risk their own money. Well, there are some that play gambling solely for fun, but it's more about wanting to achieve wealth through gambling, and every tip or OP listed should be followed, especially avoiding borrowing any money from someone just to gamble because if you lose that money, you are only making your life more miserable and doubling the problem and debt. Also, don't risk any money you have saved because you have saved some money because it has a purpose, and if you just lose it, it will also have an effect on you financially. remember gamble moderately and gamble only the money you can afford to lose.

[angrybirdy]

First remember that you have to play with common sense and responsibility, to make sure that the game is always an entertainment. Knowing this won't make you go to the extreme of borrowing money to gamble. And you have to know the golden rules of gambling. Which are!

(1) DON'T FORGET IF YOU PLAY YOU CAN ALSO LOSE

(2)FOR YOU, GAMING MUST ONLY BE A HEALTHY FOR ENTERTAINMENT.

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all.  I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?
(1) CONSIDERATION
(2) ANY AMOUNT WAGERED.
(3) RISK (4) CHANCE AND A PRICE.

With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.

One of the most important things that I put in my rules is to never gamble with the money you owe, because I believe that if you use the money you owe to other people, it will not bring you luck and this will be the cause of your sinking and defeat. It is also not good to see if you borrow money just for gambling because we are not sure if we will win or not, It would be good if it is used in business, there is still a good chance to turn around and grow the money you borrowed.

[Riginac111]

This topic is very interesting and it's like a knowledge transmitter because many people may think that there is no facts in this statement that you should never borrow money and the Gamble because it has a side effect there is every possibility that after being borrowed money to gamble you will not make it and the person that you borrowed the money will be disturbing you to pay back the money that you borrowed from him or her so it is good for you're hard on money to gamble instead borrowing.

[Text]

We should remember that gambling should always be approached with common sense and responsibility to ensure it remains a form of entertainment.

Borrowing money, especially if it will only be used for gambling, will not lead to anything good. It will only become problematic and often leads to debt and financial hardship. Therefore, borrowing money to gamble is a big no-no! If you have borrowed money to gamble, please take this as a sign to stop.