Never borrow money to be able to gamble

[acroman08]

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

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

this should be at the top of the rules a gambler should follow, only gambling money you can afford to lose and setting a budget for your gambling habit helps prevent possible financial instability.

(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.

sadly gambling addicts fail to realize this. too many gamblers/gambling addicts lost their jobs, families broken and children traumatized and properties being sold because of gambler's irresponsible gambling habits. since the topic is related to gambling addiction, I guess I should also add that it is extremely important to teach the younger generation about gambling awareness to lessen or prevent situations like the ones I mentioned from happening because of gambling addiction in the future.

[shivansps]

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.

All the items on this list are extremely important, but I would highlight the most important item on this list. Don't spend money you can't afford to lose. For example, you can drink beer with friends on Saturday evening and spend time together, during this evening you will spend some amount of money. Or, instead of meeting with friends, you can bet with this money. If you lose, then nothing bad will happen to you. If you win, it will be a pleasant bonus.
The author also noted important conditions for gambling. They should remain just entertainment. If you are trying to recover lost money, then this is a bad sign.
It is also always worth remembering that when making a bet you can lose, as the author wisely noted

[AmoreJaz]

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.  

That's not just all about gambling addiction but also being them as a person. There are different personalities for each of us and the way we tackle with gambling. If someone can't afford to gamble, you better stop it and be content with what you have. Stick to your budget plans when you gamble and don't be too hectic to yourself because you're only giving a problem to yourself.

Those that have been gambling all day long but they can't stand with that because they think that they'd either take a loan to anyone they know or the bank or will sell stuff, they're on a different level of gambling addiction.

Never gamble when you're going to take a loan and that will be used as your bankroll. It's never been a good idea to do that and from that kind of approach, it only tells you what kind of person and gambler you are.

It is never been a good idea nor advisable to take a loan to supply your gambling activities, especially if you have no back-up resources to fall back into. I can understand for some gamblers here who are taking the route of loaning some money to gamble, because they know they can respect their financial arrangements. But for some, who have no financial capability other than the supposedly loaned amount, better not stake it in gambling. Just use it to worthwhile aspect of your life.

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.

In most cases, you are just subjecting yourself to more trouble if you go to the route of borrowing money to follow your desire to gamble. It is fun activity if you are not compromised to anyone. But if you are, I believe you will sweat hard hoping that your bets will win in order to return the loaned money. That's a very tight position you are putting yourself into.

[Gozie51]

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.

Such control takes alot of emotional balance before you can achieve this. OP didn't list emotion in his roll call in the list of those golden rule to gamble and emotion is important because if you lack emotional balance then most of the valid points listed won't be achieved.

Like this (3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD, it takes someone who is balanced emotionally not to chase back loses when they happen because I have seen instances where small loses led to huge loses as the gambler kept trying his luck while losing. So being emotionally balanced is also important in gambling.

[carlfebz2]

When it comes to gambling then it would really be always recommended that you should really be that making use of extra money and not something that talks about your life savings because if you do and you have lost it all then you're fucked up. This is why it would really be best that on the time that you do play gambling then play on something which you arent using because if you do compromise your important funds or something which is allocated for paying up some bills or even buying your food on day to day survival then you are really that making that huge mess up. This is why it would really be that ideal that you should be wary on the actions that you are making and not really that make yourself that being too dumb and being too careless because regret is always that in the end and dont let these conditions do make out that kind of regret which you wont really be loving on going back.

[Nwada001]

(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.

You see, this mentioned number 4 among every other thing you listed is one of the reasons I feel most gambling addicts have lost their way up to the extent or level they are right now.

When you start chasing your losses and still continue losing to the game, the more you are losing, the harder it's going to be for you to recover those lost funds.
 
The best thing to do is not to even consider chasing losses at all, and if you must gamble, gamble without thinking about it and don't allow it to affect your emotions. After all, the rules are to gamble with what the person can afford to lose if you wager it, which means you're ready to lose it all in the first place.

[passwordnow]

That's not just all about gambling addiction but also being them as a person. There are different personalities for each of us and the way we tackle with gambling. If someone can't afford to gamble, you better stop it and be content with what you have. Stick to your budget plans when you gamble and don't be too hectic to yourself because you're only giving a problem to yourself.

Those that have been gambling all day long but they can't stand with that because they think that they'd either take a loan to anyone they know or the bank or will sell stuff, they're on a different level of gambling addiction.

Never gamble when you're going to take a loan and that will be used as your bankroll. It's never been a good idea to do that and from that kind of approach, it only tells you what kind of person and gambler you are.

It is never been a good idea nor advisable to take a loan to supply your gambling activities, especially if you have no back-up resources to fall back into. I can understand for some gamblers here who are taking the route of loaning some money to gamble, because they know they can respect their financial arrangements.

Even so, there are gamblers that still does it and they think that they can get away with it easily. But they don't know the word "debt trap" and if it's associated with gambling, the effect of it gets harder. Those gamblers that can stay as much as they can are probably rich and have other resources just as you have said and those that don't have but sticking to the plans of loaning, they'll end up miserable because that's the effect that they will receive as a consequence to their wrong decision making.

But for some, who have no financial capability other than the supposedly loaned amount, better not stake it in gambling. Just use it to worthwhile aspect of your life.

Do not loan if you have no capability of paying it. That's another problem for some, they are taking loan even if they have no financial capacity to pay it. They're relying to the chances of luck that they may have and in short, even with such, they're doing the wrong thing because their minds are set and already have a plan if they end up losing.

[Ojinga]

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.

they'll still have to go ahead and borrow another money, just to make sure they recover there losses. As long as  you're into that style of borrowing money and gamble, you'll always have a lost before you can win but most people just focused on the luck. Thinking whenever they stake their luck will always shines on them, and with this thought you're gone. Just as you said the luck doesn't changes by taking loans, definitely you're ment to lose you'll still lose so we don't really know our lucky chances. That's why it's a game of risk and if you're taking the risks by borrowing money to gamble, you're definitely doing wrong thing ever.

[Casdinyard]

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.

Pretty elementary stuff that you should always be mindful of when you're gambling, matter of fact, you don't even need to be mindful of this thing, it should come as second nature to you as a responsible and upholding gambler that you never borrow money to fund your gambling addiction. The moment that you take out a loan from a friend, or from whatever creditor just so you can gamble more, you're putting yourself and your family's welfare at risk.

I had this close friend of mine in the past who got so addicted to gambling and women that his own family disowned him, kids and wife left him all because he couldn't control himself and is jeopardizing the family's future by taking out credit card loans, borrowing money from friends, relatives, and even in-laws under the pretense that they are short in liquid funds even though he's a fucking engineer in the middle east, eventually he had to be cut off and as of the moment, his family wants nothing to do with him. His kids think of him as the absentee deadbeat dad, his wife doesn't love him anymore, and he's seen as a failure in his own family.

If you don't wanna be that guy, be mindful of your gambling expenses.

[topbitcoin]

Gambling is full of uncertainty and the outcome is almost always unreliable. And there is no guarantee that every time you place a bet you will win, regardless of the strategy and skills you have when gambling. Meanwhile, when you take out a loan, of course you have to pay the loan along with interest. So it would be quite a stupid act if you gambled or placed bets using borrowed money. And this kind of behavior will only leave you in debt.

Indeed, winnings in gambling can be many times greater than what is bet. But if you win, then if you lose, where will you pay the debt you took along with the interest? Are you going to take out another loan to cover previous debts, dig a hole and close the hole. If it's like that then this will only lead you to endless misery and difficulties.

When gambling, control yourself and your emotions well, when you lose, it means it's time for you to immediately stop gambling for a moment, instead of continuing to make deposits and chasing losses.

[boyptc]

I want to quote the entire thing OP has said but it's too long. Because these will give more visibility to those that aren't reminded that might drop on this thread, so they will get more reminder as they read this.

We'll get to see this kind of thread every now and then because no matter how hard everyone gives a reminder to the other gamblers, they won't obliged to do it.

They will only realize these reminders are good when they're already addicted and in deep debt. They will keep on doing the same mistake, trust me.

[mirakal]

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.  

That's not just all about gambling addiction but also being them as a person. There are different personalities for each of us and the way we tackle with gambling. If someone can't afford to gamble, you better stop it and be content with what you have. Stick to your budget plans when you gamble and don't be too hectic to yourself because you're only giving a problem to yourself.

Those that have been gambling all day long but they can't stand with that because they think that they'd either take a loan to anyone they know or the bank or will sell stuff, they're on a different level of gambling addiction.

Never gamble when you're going to take a loan and that will be used as your bankroll. It's never been a good idea to do that and from that kind of approach, it only tells you what kind of person and gambler you are.

It only proves that some gamblers do not have self-discipline. Discipline plays a vital role in gambling, if you don’t have that, expect that you will not grow your money in the long run but will only lose all your hard-earned funds while anticipating that despite of your losses, you are still gonna make it big in the end, which only rare to happen and which only happen to those extra lucky gamblers indeed.

Betting with a borrowed money is never a good start already, once you lose, you will end up losing them all. But if you bet with your own spare money, and bet with an amount you can afford to lose, you might still lose them all in the end but the process is actually not in pain, but more of joy and entertaining.

[n0ne]

Borrowing and going for loans to gamble is the worst thing one should never think of doing. It is possible to see more real life incidents happening around where the person ends their life when they weren't able to settle the money borrowed. I recently came across an incident in which an employee of a small enterprise took the money without informing his boss, believing that he could settle within a day of winning out of gambling. The scenario didn't work as he predicted, and he doesn't have any source to settle the amount. Out of fear, he ended his life, which was a wrong decision, and what paved the way was his addiction and imaginary belief in gambling to win money.

[GideonGono]

If you couldn't afford it then don't do it, I don't understand why people would try to borrow money just to do things that they surely couldn't afford?
Investment, gambling and even celebrations if you don't have enough money then just be contented with what you have, don't be greedy to have a bigger capital.
How do you even intend to pay it up if you lose, if in the first place you couldn't even afford it?
You would only end up being in debt and it would be a habit could even be a sign or start of your gambling addiction.

[Negotiation]

Borrowing money and gambling are among the worst thoughts no one can tell when the right win will happen in gambling. Failure to return the borrowed money on time often leads to conflicts and bad relationships gamblers are probably hiding that they are spending a lot of money whether they can afford it or not. Some gamblers will steal to gamble first they can borrow from their partner their family their children and some from employers. They will clean out savings accounts clean out retirement accounts open credit cards and max them out by taking out loans against properties and vehicles that will leave them absolutely destitute.

[wxa7115]

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.

In a way this is information that everyone out there must know in order to gamble at all, but despite the risks associated with gambling being crystal clear, there are many gamblers that either do not know them or they prefer to ignore them thinking they are above those risks for some reason or another.

So it is not a bad idea to remind people from time to time about those risks, as even if just a few people react to that knowledge appropriately and begin to gamble responsibly, it was still worth it to go through the trouble.

[hyudien]

Borrowing and going for loans to gamble is the worst thing one should never think of doing. It is possible to see more real life incidents happening around where the person ends their life when they weren't able to settle the money borrowed. I recently came across an incident in which an employee of a small enterprise took the money without informing his boss, believing that he could settle within a day of winning out of gambling. The scenario didn't work as he predicted, and he doesn't have any source to settle the amount. Out of fear, he ended his life, which was a wrong decision, and what paved the way was his addiction and imaginary belief in gambling to win money.

with those who are addicted, of course they will spend their money on gambling, there is a chance that they will be at the point where they don't have any money at all, but the desire to gamble is of course still there and that can encourage them to borrow money to return to gambling. with the same goal of wanting to be able to get a win that can change his life, including by paying off the loan he made, it is true that borrowing money to gamble is the worst thing. because this will only make the situation worse and make it even more difficult for them to live their daily lives. There will of course be consequences when they are unable to pay off their debts, one of which is that they themselves will experience excessive mental pressure which can make them stressed.
The case of ending one's life is no longer strange, because there are many cases of people ending their lives because they were involved in gambling, borrowing money, or other things. because this can make them experience pressure that can lead them to do something that carries a big risk, such as ending their own life.

[GigaBit]

A gambler should abide by several things when gambling. Because when someone new to gambling, he sees everything green. But after a few days of gambling, he was dismayed when his financial situation began to deteriorate. But if the gambler takes utmost care in a few things in advance then he will be able to manage his gambling normally.

The purpose of gambling should be fixed and focused accordingly. There are some gamblers who try to earn more money from gambling. At some point when they lose all their money through uncontrolled gambling, they start borrowing from others to manage their gambling money. Gamblers who borrow money to gamble will surely fail to pay off their debts today or tomorrow. If one has one's own money then losing that money will not be a problem in gambling but if gambling is conducted with other people's money or borrowed money then certainly disaster will come in one's gambling life.

[Arenga pinnata]

Of course we should not gamble with money that comes from a loan. There is no joy in it. And that will only add to the burden on our minds. We bet on a match because we need entertainment outside of work demands which sometimes make us feel so bad and not at all enthusiastic. And to do this, we really have to use money that we are ready to lose. I even call it candy money. Because the amount I use is always a small amount which is comparable to the money I use to buy candy and cigarettes.

I don't know about other people. but I'm like that. Even in a high-risk investment, we must also avoid taking loans. So of course in gambling we must avoid borrowing money. Because this is not about building finances but more about getting pleasure. Although sometimes when we are lucky we can get big profits. And that's another pleasure.

[junder]

If you couldn't afford it then don't do it, I don't understand why people would try to borrow money just to do things that they surely couldn't afford?
Investment, gambling and even celebrations if you don't have enough money then just be contented with what you have, don't be greedy to have a bigger capital.
How do you even intend to pay it up if you lose, if in the first place you couldn't even afford it?
You would only end up being in debt and it would be a habit could even be a sign or start of your gambling addiction.

I think they do things like that because they may be frustrated or have fallen deeper into gambling, so that when they don't have any money they will do things with big risks that can endanger themselves, such as borrowing money, robbing or other things. This is how important it is that we must be able to limit the gambling we do, bet what we can afford, allocate an amount of money that we can afford and not exceed our abilities, if you have lost at gambling then stopping is the best way to do it, not just by keep gambling.

It is possible that those who borrow money to gamble do not think about how they will lose again and have to pay the debt, because they think they can get a win that can help their financial problems, including by paying off the loan. It is true, actions like this will only leave them in debt and of course this is the way they have chosen to lead to the destruction of their lives. It's not surprising that many of their families have had their families destroyed because of addiction problems that have affected their finances and family relationships, even with their own friends. taking out loans to gamble is not a good act, but a way to destroy our lives.