Never borrow money to be able to gamble

[nara1892]

All the points you conveyed are good suggestions where indeed by having such a mindset and approach, gambling will not have a bad impact on a gambler, on the other hand I understand that even if you have a good mindset and approach to gambling but still for the name of defeat you will definitely experience it, but the difference is that when you have the right mindset and point of view in terms of addressing how gambling is actually then at least the amount of your loss will not be too significant or will not be as much as the amount of loss experienced by gambling addicts.

Borrowing money to gamble is of course a ridiculous mindset and will harm yourself, gambling is not an activity that should be prioritized, not least because there is always no certainty for anyone to win while on the other hand the possibility of risk will always lurk you, and this is why we are always advised not to treat gambling in an excessive manner.

[coin-investor]

I used to do this, and it was never a pleasant experience. You are ruining your gambling experience. You will never enjoy the game, and there's always pressure. You will think you have to win because this is money you can afford to lose. In my case, there's additional interest if I delay my payment.

I'm glad that I overcame my temptation to take a loan to gamble. One rule that you should always remember is not to take a loan to gamble, even if someone is tempting you to do so.

There are loan sharks in physical casinos and they are preying on weak gamblers who have a mean to pay them even with huge interest, and they do this to lure them to continue playing

[ethereumhunter]

Borrow other people money is not recommended for playing gambling because we never knows if we can wins or lose in gambling. When you lose, you will lose that money and must repay the money but if you don't have any money, you can't repay that money. That will makes you in trouble because lender can asks you every day to you to pay the money. Playing gambling is not for makes money so you don't have to borrow money from other people because you can gets a problem. It's better you uses your own money and just playing gambling moderately so you don't have to gets any problem. Many people still borrow other people money because they wants to wins in gambling so they thinks that by using other people money, they can wins but the truth is they will still difficult to wins.

[yahoo62278]

I don't necessarily agree that borrowing is bad as long as you have the means to pay the money back. It all depends on the situation and amount, some circumstances may not be favorable to the lender but they make that decision when asked for money.

[Crypt0Gore]

You are just wasting your strength, all gamblers know the rules but some of them are just born stubborn, their ways are "only one way to find out" if they don't fall at first they won't learn, how can I be advising adults about not taking a loan when starting to gamble? You don't have to tell anyone, they already know, even kids in my city knows that loan is a trap.

If any come asking if they can take a loan I won't advise them not to, normally what they expect is you telling them to proceed, and even if you tell them not to they will still do the same thing, everyone knows how unsafe loans can be but something they are special humans, they can find their ways through.

It is possible if you are lucky but gambling doesn't have a lot of room for luck, so don't go out there looking for one, instead focus on having a good time and risk a small amount of money, this is a practice that a responsible gambler will do instead of chasing the impossible.

[indah rezqi]

If you see gambling as a business opportunity, why not? Sometimes I do borrow money when I see a game that I believe I could won, but I always limit on how much I would only borrow, and I have to make sure that I'll be able to pay it from my income just incase my bet would be wrong.

This may look like an irresponsible action, but like I mentioned, when i see it as an opportunity, I don't hesitate borrowing, and I think there's nothing wrong with that as long as you know how to pay your debt.

Now this is where we will move into addiction and chase money from gambling which is dependent on luck, our logic will think we can pay back the money we win through gambling, at one time burning ambition and we instead chase the money we have lost through gambling which ends in a very bad thing.

Using our own money in the norm needs to be limited and not to be impulsive especially using borrowed money that will jeopardize our finances, because it will lead to borrowing habits and that is not a good thing in the financial world even though you have a job and a large enough salary, it will discredit the principle of responsible gambling in us.

It all depends on each individual, we cannot measure the level of enjoyment, however, we should not ignore all advice on gambling. There is nothing wrong with borrowing money within a certain limit, as long as we are able to pay it back at the promised time. It's true that borrowing money to gamble is basically not good, it means adding to existing difficulties. At a stage that can be controlled, and does not have a negative impact on loss of financial responsibility, it is still understandable. However, in simple terms, gambling is an activity seeking pleasure, stopping when the situation is no longer under control is a must.

There are quite a lot of real examples around us, personally I also often give loans to several friends who I know are gamblers, but within limits that are not excessive. I'm also sure that similar things don't just happen in my circle of friends, there are lots of people who do similar things in their circle of friends. It's true, we should be wise in spending the money we have, and also wise in setting limits. Try not to let a gambling addiction make a person out of control, either emotionally or in his actions.

[CryptSafe]

You have valid points here and I believe gamblers here knows very much about all you have stated. Gambling as we all know is something we do for fun and entertainment. In as much as it is, there are still those who see it as a means of making profit which in the real sense it is not so but for the fact that they win in the course of betting, they can take it as a source of income for themselves.

As a gambler, one thing you should know is that gambling is a risky engagement and as such, we are advised to gamble responsibly and with spare cash we can afford to lose or we make budget for our gambling so we do not exceed our gambling limit per engagement. With this alone, one should know that borrowing to gamble is not idle and as such, one should never engage themselves in such situations because you never can tell the result or outcome of result and how it would be.

I have come to realise that gamblers who go after loan to gamble are mostly addicted gamblers.  This is very dangerous because there is every possibility that the same result they got that made them go borrowing would also likely make them go borrow again. And they doing this does not have any guarantee that they would or could win a big game but sometimes it is just the urge to chase their losses that makes them go borrowing funds to gamble.

[rahmad2nd]

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.

In fact, we have had a lot of discussion about the theme you initiated in this thread, so let's just discuss the point you posted. Firstly, point 1 is the opposite of what I apply to my betting. why, the reason is simple, for me the ratio of losing is greater than the probability of winning. although, I am a sports betting type of bettor. This is an important point for me personally, because to win the game apart from knowledge, insight along with experience, luck is an equally important part, although usually the type of gambling that I like is sports. So, this is why we need many variables on how to get around it in order to minimize losses.

2, this point should be a guide or rule for gamblers so that they are not too naive in measuring emotions and desires when gambling.
3, we agree, but basically gambling requires discipline to be controlled. To be able to control, someone needs experience, understanding, knowledge, awareness and responsibility. if these aspects are involved, then we can discipline ourselves to bet within the limits only we can afford.
4, this point goes back to point 3, we are required not to spend more money than we can afford to lose. The problem is, does losing on the first deposit have a big impact on our finances? If not, there's nothing wrong with making a redeposit. However, with the rules, also include points 1 and 2. Ideally, if gambling is no longer possible for me to continue, for example because of work, losing too much or spending too much time, that's where we have to be aware of the rules that serve as guidelines or principles for our gambling.

However, in fact, not all gamblers can limit themselves consistently and with discipline. although, we have bound it with the rules of the game that we apply. Gambling is complex for me, easy to explain simply, but difficult to implement simply. the essence of it all, it all depends on a person's responsibility towards his gambling.

[AbuBhakar]

I do borrow money to my wife to fund my gambling because my salary still few days ahead while I saw a casino promotion that has a very good rewards feature. I always borrow an amount that is within my range of my salary so that my wife will allow me to gamble.

I’m not doing this frequently and I don’t see something wrong on doing this. I’m proud that I don’t have any gambling addiction problem even if I sometimes borrow money because I never didn’t repay my wife or else I will be sleeping outside our house.

To clarify things. Borrowing is not necessarily bad when use for gambling but most of the time people that borrows for gambling purposes are addicted that’s why this kind of discussion is always being generalized.

[SamReomo]

This is a good topic and I believe I agree with you that for gambling purposes one should never borrow money from anyone. Not only for gambling but even for trading or investing, one should never think about borrowing money from anyone.

One should always play gambling for fun and should not think about adding 1000's of dollars in order to win huge. The people who put huge money in gambling often face big losses and that's why it's 100x better to go with small bets and enjoy if you win.

I always say and believe that gambling is game of luck, anyone who's lucky can win from it but the ones who aren't lucky will only lose no matter if they place small amount bets or huge amount bets. That's why a gambler should always try to place small bets and enjoy the game if his/her luck isn't good.

[Rampagoe004]

Borrowing money to gamble is of course a ridiculous mindset and will harm yourself, gambling is not an activity that should be prioritized, not least because there is always no certainty for anyone to win while on the other hand the possibility of risk will always lurk you, and this is why we are always advised not to treat gambling in an excessive manner.

I agree with you. Borrowing money to gamble will only make you poorer and more ruined. I know many people like to gamble here but if you think you borrow money then you gamble then you win the jackpot, you should think like that. That's completely ridiculous and makes no sense. You have to pay your debt to your friend, but you won't necessarily win from gambling. I think this is one of the signs of gambling addiction. I think limiting your gambling budget is a wise choice. If you don't have money to gamble then don't ever gamble. I think gambling cannot be used as a source of income so don't be too ambitious about gambling.

[Frankolala]

Whoever borrows money to gamble is an addict and that is why he went that far to satisfy his gambling urge that makes him to think that he can win back his losses. If not I don't see why any responsible gambler will go and borrow to gamble when he knows that gambling is not important and he will lose the money.

All you stated out OP is the fact and whoever wants to live a healthy gambling life should be able to understand those facts and gamble responsible by sticking to the rules of responsible gambler. I was once addicted and I understand how it is for someone to be in addiction but look at me now, a responsible gambler.

[Dewi Aries]

I don't necessarily agree that borrowing is bad as long as you have the means to pay the money back. It all depends on the situation and amount, some circumstances may not be favorable to the lender but they make that decision when asked for money.

Yes, there is nothing wrong with borrowing money because after all, the purpose of a loan is to make things easier for other people or to help solve problems quickly, and maybe I would also give someone a loan if they look so convincing by giving something as collateral if they are unable to pay.

I wouldn't say that this is a problem, but I definitely agree with the idea that borrowing money to gamble is a bad idea, and I'm actually someone who doesn't really care about other people, But when it comes to gambling, which I've experienced a pretty significant downturn as a result of treating gambling the wrong way, then maybe I would say and give advice that even if you have the ability to pay the debt, try to think rationally and consider the various bad possibilities that might occur, one of which might be that this could trigger a debt problem when someone does it uncontrollably, especially for those impulsive gamblers.

[Zanab247]

I never borrow money to gamble, and I will never borrow money to gamble because am a hand working person who use to earn money, and my daily gambling is $5 which I don't use to struggle to get it to gamble in the gambling center.

You want to stay long in gambling, don't develop the attitude of borrowing money before you can gamble because it has led many gamblers to be addicted in gambling, which you don't need to involve if you want to test the sweetness of gambling.

But when you have money to gamble, it will make you comfortable in your gambling to win because you will settle down to play the game that will make you win big or small in the gambling.

[Sandra_hakeem]

All the strategies you mentioned here are supposed to be known to any gambler already; what makes gambling fun if not all these attributes? There's definitely no how you'd encounter losses in row and be happy with the development -- It's either you'd wanna quit, run outta of bankroll or gamble away everything but eitherways, you'd definitely realize yourself at the end!

Secondly, a gambler that'd attempt to borrow or use people's funds to wager (assuming it was in his custody) is not disciplined. So, if you must wager, know when, with what funds and where to wager responsibly.

But when you have money to gamble, it will make you comfortable in your gambling to win because you will settle down to play the game that will make you win big or small in the gambling.

What do you mean? Honestly, I didn't understand a thing from this piece.

[skarais]

~~~
Borrowing money to gamble is of course a ridiculous mindset and will harm yourself, gambling is not an activity that should be prioritized, not least because there is always no certainty for anyone to win while on the other hand the possibility of risk will always lurk you, and this is why we are always advised not to treat gambling in an excessive manner.

Of course, gambling with borrowed money is ridiculous and should be avoided.
A heavy gambling addiction will likely make some gamblers have the wrong mindset, and they will even find it very difficult to think logically about the decisions they make. They can be very bad and do things out of line just because they want to gamble, including stealing or lending money and so on.

In real life, I tend to spot some bad gamblers. They really hope to make money from gambling even though they have to steal and also ask one person or another for a loan. Basically they know that what they are doing is wrong, but economic difficulties and their lack of responsibility in gambling make them lose control.

[GiftedMAN]

Whoever borrows money to gamble is an addict and that is why he went that far to satisfy his gambling urge that makes him to think that he can win back his losses. If not I don't see why any responsible gambler will go and borrow to gamble when he knows that gambling is not important and he will lose the money.

All you stated out OP is the fact and whoever wants to live a healthy gambling life should be able to understand those facts and gamble responsible by sticking to the rules of responsible gambler. I was once addicted and I understand how it is for someone to be in addiction but look at me now, a responsible gambler.

@Frankolala, do you know thqt the biggest win I have recorded so far since I started gambling came from a borrowed money and am not an addict? I got an information about a particular game, not having money I had to borrow from a friend of mine who agreed to borrow me because I promised to pay back when I received my salary but at the end of the day I recorded a huge win.

I am a responsible gambler regardless of the fact that I took loan to gamble so we shouldn't see people who have taken loan to gamble as addicts, if you are a good gambler, I think you will understand that there some informations you get in gambling especially soccer that will make you to take loans to bet even when you are not an addict. I clearly understand the rules of gambling which is gambling responsibly but it is not stated in any gambling platform that someone who takes loan to gamble is irresponsible you can prove me wrong.

[Juse14]

Of course, this is an action that we must avoid, because gambling using borrowed money will only increase the suffering and losses we experience, and leave us in debt. "If you don't gamble for a day, you won't die."

However, when someone is trapped in a cycle of irresponsible gambling, and feels addicted to gambling. They will never hesitate if they have to take out a loan to be able to continue their gambling activities even though the interest is quite high. They believe that through gambling everything will be replaced, because they think that the winnings in gambling are many times greater, with the winnings that they might get, they will not only be able to pay off the debt and interest, but through gambling. it is possible that he can recover the losses experienced and make a profit. an assumption that will only make them more disadvantaged and miserable.

but however, it is quite difficult for us to make them aware of the bad behavior they often engage in in gambling, even though they are our close friends.

[Mia Chloe]

It will not help you with your goal of earning money because you just borrowed money means "debt" and it will lead you to debt accumulation, if you lose the borrowed money, you will still need to repay that.
That's why I am really against the people who will rely on gambling to solve their current financial problems, it's not helping overall.

As a responsible gambler the thought of taking a loan to fund your staking during Gambling activities is something that should be off consideration. Gambling is not an investment that you can pump money into keep high hopes that profit will come. No matter how nice and fancy gambling odds can appear loans should be off limits. If you should even think about it properly, it is economically wrong to take debts for the purpose of fun.
And since gambling is a fun activity then you obviously as a responsible gambler shouldn't borrow to place bets. The earlier a gambler is able to understand these basic rules the better his gambling habits.

[uneng]

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?

The main point of gambling is to entertain yourself. It's like going to the movies for those who like going to the movies. It's like going to the nightclub for those who enjoy nightclub. And that is all. Gambling isn't a job or side hustle, although there is a small chance you can leave the gambling session with more money on your pockets than you firstly entered. However, it's necessary to be conscious it will happen only to a a small portion of gamblers. Most of them are going to lose the more they play, and that is inevitable.

Regards your friend, why did he borrow money to gamble? Isn't he aware of the true nature and purpose of gambling? Doesn't he know there is something called house edge which plays against him on long run and forbids him from overcoming the house? He should be aware of these things. Maybe you could try explaining and enlighting him, so he won't commit this same mistake once again in the future. For now, let's hope he is able to repay his debt with success, without creating further debt in the future, especially gambling debt.