Never borrow money to be able to gamble

[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.   

[moneystery]

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

a gambler must understand their job and what their responsibilities are. they must be able to prioritize their work and responsibilities above their gambling, because that is what is most important. because when a gambler prioritizes their gambling compared to their work or other responsibilities it will become a problem that can impact the gambler and also those closest to them. many gamblers have experienced dismissal because they gambled inappropriately, and other gamblers should take this as a lesson that they must understand their responsibilities and not need to prioritize gambling.

[Z_MBFM]

Gambling is a very risky platform, if you use money here, there will be a possibility of loss. so you have to gamble by accepting this risk  For this you should use your own money there. If your money is lost, no one should be held accountable for that money. But if you borrow and use them for gambling and lose them, how will you pay them back?  How do you protect losses if you don't have your own money?

Gambling is not a source of passive income so using high amount of money here or borrowing money to use there is very risky. Because there is no opportunity to avoid loss. Therefore, borrowing and gambling must be avoided

[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 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.

I don't think that some but many and they're not documented and that's why we don't see them that much. But every time a random gambler comes out and start to make a thread about his random decisions as he gambles, you'd see the story starts with how they've borrowed money for them to gamble.

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.

And not that you are only going to lose them but you are also needed to pay for the interest. If you don't oblige then that's two way for you, you lose the money and you also lose the trust from the lender if ever you've taken that as a personal loan from a person you know. Or even in the banks and you just made up a reason why you need that money.

[lovesmayfamilis]

Borrowing money to play in a casino is a very common habit among gamblers. It is very sad to think that they are so addicted to the game that they resort to such tricks, deceiving their loved ones and inventing reasons to get money.
However, we must be aware that the more money we borrow, the deeper we bury ourselves and our reputation as people who are constantly living in debt. Moreover, gambling cannot guarantee constant winnings, but being in debt to someone can sometimes lead to imprisonment. Probably only such establishments will be able to correct the understanding of gambling players that it is necessary to be able to live and play only with their own money without exposing other people to inconvenience.

[casinosfyi]

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.

Gambling and debts goes hand by hand. By borrowing money to gamble, gamblers debts always grow.

[Dewi Aries]

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

a gambler must understand their job and what their responsibilities are. they must be able to prioritize their work and responsibilities above their gambling, because that is what is most important. because when a gambler prioritizes their gambling compared to their work or other responsibilities it will become a problem that can impact the gambler and also those closest to them. many gamblers have experienced dismissal because they gambled inappropriately, and other gamblers should take this as a lesson that they must understand their responsibilities and not need to prioritize gambling.

Of course, gambling is not an activity that should be prioritized because it is nothing more than a normal game that always runs full of uncertainty, meaning as you said that a gambler must understand about what should be prioritized in his life and obviously the answer is the various other more important things that you have in life such as household affairs, dividing most of the money to fulfill whatever is needed in life rather than just gambling, or other important things.

But yes as we know that there are some gamblers who always prioritize something that should not be prioritized, I don't know the reason but certainly most likely they are already very obsessed with gambling which is probably because they have excessive expectations of winning so they always act excessively and do various things that make no sense, and I have one friend who allocates more than 80% of his salary just to gamble while he struggles to make ends meet, and this problem will continue to occur if it is not stopped.

[GeorgeJohn]

From the initial I don't think that is comprehensive for someone to lend funds to gamble, their is something that is very interesting in gambling which people doesn't understand, their is every tendency or possibilities that if you lend funds to partake in gambling you will not be to win gamble in order to make a refund, in norms gambling is a game of trials because theirs no assurance in gambling, you may neither win gambling or you lose gambling that's two things that's involved in gambling.

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.

if you're addicted in gambling that's shouldn't give you the audacity for you to lend money, you have to control your inquisitive in gambling if you want to be propagated in gambling, may person's has fall apart in gambling base on their curiosity to gamble and hoping that they will make a profit, so I believe that in gambling what you need to do is to have your calculation to earn funds you will use to gamble, but if you base to get loan to gamble you might end up yourself in correction centre, because people you lend funds from may think you're scam.

[slapper]

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

a gambler must understand their job and what their responsibilities are. they must be able to prioritize their work and responsibilities above their gambling, because that is what is most important. because when a gambler prioritizes their gambling compared to their work or other responsibilities it will become a problem that can impact the gambler and also those closest to them. many gamblers have experienced dismissal because they gambled inappropriately, and other gamblers should take this as a lesson that they must understand their responsibilities and not need to prioritize gambling.

Of course, gambling is not an activity that should be prioritized because it is nothing more than a normal game that always runs full of uncertainty, meaning as you said that a gambler must understand about what should be prioritized in his life and obviously the answer is the various other more important things that you have in life such as household affairs, dividing most of the money to fulfill whatever is needed in life rather than just gambling, or other important things.

But yes as we know that there are some gamblers who always prioritize something that should not be prioritized, I don't know the reason but certainly most likely they are already very obsessed with gambling which is probably because they have excessive expectations of winning so they always act excessively and do various things that make no sense, and I have one friend who allocates more than 80% of his salary just to gamble while he struggles to make ends meet, and this problem will continue to occur if it is not stopped.

Gambling is a f*cking black hole for people who don't understand their relationship with money. Instead of winning or losing, it's about controlling their minds. Gambling depletes hope. You lose, chase, lose more, chase harder. Constantly chasing your own tail. Your friend risking 80% of his pay? This is foolish and a disaster waiting to happen. Financial literacy includes investing and identifying psychological traps that capture people

He must reorganize his priorities. First, admit fault. Then seek expert treatment. Therapy can uncover his motivations. He needs a budget, savings plan, and something other than the next bet. Gambling must be replaced with good behaviors that build his future, not destroy it

[Accardo]

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

a gambler must understand their job and what their responsibilities are. they must be able to prioritize their work and responsibilities above their gambling, because that is what is most important. because when a gambler prioritizes their gambling compared to their work or other responsibilities it will become a problem that can impact the gambler and also those closest to them. many gamblers have experienced dismissal because they gambled inappropriately, and other gamblers should take this as a lesson that they must understand their responsibilities and not need to prioritize gambling.

It's a wrong choice to pick gambling over our working activities. I've faced such challenges in the past, after gambling, during work I get tired. Such things made me to stop gambling much during the weeks, so as to focus on my working ethics. The misconception from many players is that gambling, to them, seem to offer more money than their work. These circulating false thoughts amongst many players have pushed lots of players to lose out focus on their work. Gambling is exhausting, not just on money, but energy.

The strength that would have been used to work efficiently in the working place then diminishes drastically. Thereby affecting the employee's quality of work. It could reduce his credibility in the office. On the other hand, taking loans to gamble is a wild behavior and a gambler shouldn't pick up this means of gambling. As it could lead to a painful life situation. Who will pay off the debt if the gambler doesn't win? His family of course. That's a form of building tiresome troubles for the family. And diminishing their finances in large scale, could cause the people involved, some anxiety. Taking loans to gamble also is addicting. I think it's super good to be contended with what we own as gamblers. No need going over our financial threshold.

[Fivestar4everMVP]

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.

Well, thanks for bringing up such a good advice to the gambling community here on bitcointalk, this is something that we have discussed on this board several times in the past, but like I will always say, good things that will helps gamblers to practise healthy gambling should never stop being talked or dicussed about, as the more we talk or discuss about that, the more it's stays fresh in the minds of gamblers, guiding them to not go astray in their gambling decisions.

Overall, it's absolute foolishness for anyone to go borrowing money for the sole purpose of gambling, knowing fully well that there are no sure winnings, or sure ways for one to get a guaranteed winnings from gambling, I personally does not, and will not pity anyone who borrowed to gamble and eventually lost the money.
In 2019, my neighbor in the place where I previously lived was arrested by the police becuase he borrowed money from one organization for busienss purposes, but unfortunately, he only added a little amount from the money into the business, and spent the most part of the money on betting on sports and playing lotto, which he won none but lost the whole money, as a result, he was arrested, charged and thrown into prison for six months, and the organization he borrowed the money from got a court order to sell all his sellable properties to recover their money, the organization sold everything he had, including closing down the business and auctioning off all his goods, he came out of prison broke, homeless, jobless his family already relocated to the village, he joined them in their village and I never heard from him again till date.

This is one of the many sad tales of people who borrow money and used the money to do gambling.

[mamesso]

The impact of problems from gambling can be more than just losing money, other problems from gambling can be progressive and gambling addicts can fall into criminal activity to seek funds so that their gambling desires can be fulfilled. Efforts to chase losses can have a negative impact on finances, money that should be used for other needs can be used for gambling, including savings and reserve money.
Using money from loans to gamble is not recommended, you have to think of other ways to gamble. Even if you win when using borrowed money, there is no guarantee that you will be able to repay the loan because you will not be able to stop gambling because the temptation to repeat the sensation of winning is very high. Greed is also another factor that can cause you to lose everything in a short time due to the desire to get something greater than what you have already obtained.

[arwin100]

It's a giv en 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.

Sometimes they really think that those problems what encounter by other people is due to their lack of proper decision making that's why these careless people continue to take a loan for thinking that they can recover the amount if they win and pay their debts immediately. For sure we here a lot of stories like this and usually it falls out short for them and they lose everything that's why we see them fall down and hard to recover since there's something that needed to pay and they don't have money anymore to compensate everything so they really in bad position for such bad actions they do.

Its not bad to remind people to on the risk of doing such action but if they insist to listen I don't force them to believe me but rather let them experience the worse since they can learn a lot from the mistakes they do and that is expensive learning experience for them.

[nara1892]

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.

Putting aside something that can actually never be separated from gambling is an unreasonable mindset and must be avoided, because after all, defeat will always be a part of gambling, even if for example you have the ability to pay off the debt but still borrow money. to gamble is an idea that eventually gets you into the habit of doing the same thing when you don't have money and most likely this idea will ultimately only lead them to new problems such as being in debt.

On the other hand, you have stated the reasons why the mindset of borrowing money to gamble is unreasonable, as you said, it is simply like we have to pay debts to other people for the loans we have taken but we really don't know whether we will win. or lose in a gambling session using that money, and if you look at the actions like this then yes maybe I will agree with your opinion that this is a mindset or idea that a gambler has which in the end will only lead themselves to addicted. However, gambling is not a priority, therefore it is always recommended to only bet small amounts and also as you said, if for example we don't have money then it is better not to gamble.

[Apocollapse]

It's not only in gambling, but people must never borrow money for anything except emergency needs! e.g. school, tuition fees, health etc.

If they borrow to invest in Bitcoin, it's a bad idea even though we know Bitcoin price will increase after few years. If they borrow to start or expand a business, it's still a bad idea since no one know how long your business can survive and business not always profitable every year.

[retreat]

Stupidity is when someone borrows money only to gamble it back to double it and think that they can get rich from it. Because gambling carries the risk that at any time the gambler's money can be lost if they experience bad luck or the wrong strategy in their gambling - and what's more, there is a house edge which makes the casino more profitable. When gamblers lose and lose the money they borrowed, they not only lose the gambling, but they also need to pay the debt, which they lose twice. That's why borrowing money to gamble is stupid and it is not recommended for those who don't want to deal with debt collectors.

[Mr.suevie]

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.

Well there are some things that just can't be and one of them is everyone having the knowledge to prevent things that will cause harm for them. Nature has designed humans to actually commit mistake and make errors and I feel the ferocious way people gamble is one of those defects in our system, the funny thing about this is that sometimes we go in knowing fully well that we can be affected but still the zeal to continue with still drive on because of the supposed huge profits that keep playing on our minds.

Any gambler who thinks there is possiblity to make or get some quick returns from funds he borrowed then he alone can know how tell how hard or easy it is because some gamblers I know of actually claim they do get profits whenever they are desperately in need by using some persons funds to gamble, I could say it's just like trading with big company funds.

[Dr.Bitcoin_Strange]

Any gambler who thinks there is possiblity to make or get some quick returns from funds he borrowed then he alone can know how tell how hard or easy it is because some gamblers I know of actually claim they do get profits whenever they are desperately in need by using some persons funds to gamble, I could say it's just like trading with big company funds.

So because a few gamblers that you know have confirmed to get lucky after playing with loaned money, that is why you are suggesting that it may be cool to actually take a loan and gamble? Well, in my opinion, there is nothing so interesting about taking a loan to gamble; the same luck you get when you stake with your money is also the luck you will be entitled to if you perhaps used the loan money to gamble. Taking a loan to gamble is totally wrong; that's not a good way of being in debt. At least if someone is getting credit, it should be used for other important stuff that is more assured. 

[bitzizzix]

Stupidity is when someone borrows money only to gamble it back to double it and think that they can get rich from it. Because gambling carries the risk that at any time the gambler's money can be lost if they experience bad luck or the wrong strategy in their gambling - and what's more, there is a house edge which makes the casino more profitable. When gamblers lose and lose the money they borrowed, they not only lose the gambling, but they also need to pay the debt, which they lose twice. That's why borrowing money to gamble is stupid and it is not recommended for those who don't want to deal with debt collectors.

Not only stupidity, borrowing money to gamble has the potential to bring the gambler into misery in his life. And the gamblers who take out loans to gamble, I think these gamblers are very addicted. Because it is very likely that the gambler's property has been sold out for gambling and besides that there is no one close to him who gives him money to gamble, borrowing it is the final solution. And once things become bleak and hopeless, there is a possibility that the gambler will resort to crime just to get money that is not rightfully theirs. And gamblers like this must be treated immediately before it gets worse which will cause him to suffer from various kinds of problems.