Never borrow money to be able to gamble

[bakasabo]

I have already given here an example: you are in a company with friends in a casino, and one of them run out of money. What will you do? Let him stand and watch you having fun or gambling? Or lend him money for gambling. Which is, by posts here, a red flag, because person will use money for gambling and already is in a loss.

Nobody has answered it, but this is rather tricky situation. Borrowing money for gambling vs helping a friend. You can either make his life even worse, or feel uncomfortable for not helping.

If a friend runs out of money for other purposes I will give it to him but when he borrows for gambling I will not do it even if he begs.

It is certain that when borrowing money for gambling it will lose you will be complicated to collect back, even this becomes a fight of friends because of the problem of money that you used to lend, I always have the principle that money is very sensitive to negativity and gambling should not be with borrowed money.

Feeling uncomfortable, feeling bad with friends, feeling antagonized is a certainty in friendships where they can act even more aggressively than you.

You have answered judging it from negative point of view. What if that friend only ran out of money, that he took with him? Will you still not borrow him money, or simply share your deposit with him? I am replying because I would act differently. If we are together in casino, I wont let my friend just stand and watch. This does not look like friendship, if we are friend only until he has money. I would have taken risk of not receiving loan back. If this was a total stranger or a person I am barely familiar with, then yes, I wont borrow money. But for a friend, I am confident that loan will be returned.

[sotelorene]

Borrowing to be able to gamble is bad and at same time good, I said this because I have seen where someone went to Borrow money to pay back with interest to be able to play game someone gave him in a dream mean while he doesn't have a strong means through which he will use to pay back, low and behold the game he played cut and the amount he Borrowed was so big for him and immediately the man fainted, this is putting oneself in a pressure which is not good and I have also seen where someone went also to borrow to pay back with interest when he doesn't have what to pay back with if the game doesn't play, after sometime someone rush to the man's house to tell him that his game has boom and right now the man is now a landlord, car owners, etc so it has advantage and disadvantage.

[leonair]

One should not borrow money to gamble, gamble is a thing that one should do with his own personal money and the money a gambler should use to gamble is an amount that he can afford to lose. When a gambler borrows money to gamble and when he lose there will be no way to repay the loans because he has lost all the money. If borrows money it means that the person doesn't have any money with him, so when the person gambles with the money he borrowed it will be very much difficult to pay back like I said earlier. When we have the money to gamble we should do it and when we lose we should not chase our losses, no matter how big or how small we lose.

If a person starts gambling with borrowed money, he will be in grave danger. It is easiest to gamble with the money he has available for gambling.So we all should never lend money to someone who gambles on a loan or is a drug addict. But everyone has gamblers among their friends who gamble with money from friends.

[Fara Chan]

If a person starts gambling with borrowed money, he will be in grave danger. It is easiest to gamble with the money he has available for gambling.So we all should never lend money to someone who gambles on a loan or is a drug addict. But everyone has gamblers among their friends who gamble with money from friends.

I also quite agree that you recommend not lending money to gambling addicts or gamblers who are already addicted enough to gamble every day. But gamblers who know to prepare funds or money that will only be used for gambling are gamblers who are professional enough in sorting their funds. Because usually people like that know how to allocate their funds for anything, including gambling, so they won't be in any danger.

But for people who borrow money just to be able to gamble, I think that person is not a good gambler because let alone risking money into gambling through borrowing, bringing money into any business still doesn't necessarily make a profit. So that money borrowed from other people will only be really useful for work that is actually running and also has the potential for more profit, and that's not for gambling.

[RockBell]

If a person starts gambling with borrowed money, he will be in grave danger. It is easiest to gamble with the money he has available for gambling.So we all should never lend money to someone who gambles on a loan or is a drug addict. But everyone has gamblers among their friends who gamble with money from friends.

I do not believe I will ever support somebody who borrows money to gambling. Because the moment anyone develops that habit, that person is simply looking for ways to get themselves into trouble. I know some people will say, "What if the person with the borrowed money loses?" and my response is, "What if the person does not win? He or she must pay back with interest, and if the person is unable to pay, the person will involve the authorities." So that he can recover the money, because if you are unable to pay someone, legal action will be taken against them. Some people even go so far as to play games on debt, which is the ultimate level of addiction they are so carefree that they are willing to take risks at any cost, but when it comes to gambling, I believe we should be more cautious in order to avoid disaster. It is better to understand all this early than taking everything for jokes, and actually going to borrow.

[Moeda]

~snip

Actually, there is no most effective trick to avoid gambling. If you get involved in their game, then you have fallen into their trap. If you are not ready, never start gambling. Everyone can suggest anything, any method to anticipate big losses, but if they have started gambling, and they experience continuous losses, two things are on their mind, namely hoping to win big and be able to get their previous money back; both high emotional levels that make him not ready to stop.

[Troytech]

They will have to swallow the hardest pill because soon they will come to realize that no man is an island, and they need someone's help.

With that, they will humble themselves to the friends that haven't tolerated them but instead given an advice on how they should deal with their addiction.

And saying that taking a loan for gambling is never been a good thing and it only going to cause more problems to their personal lives.

Yes, for gamblers who are greedy and addicted, their lives will definitely suffer because of the consequences of their wrong thinking patterns and behavior, and they immediately regret it and realize it when it is too late, namely that their lives often have problems continuously and they are unable to solve these problems quickly. Only then did he try to ask other people for help to ease the burden of problems in his life.
But will the other person want to help him because previously he was just ignored? obviously this is not possible.
It is clear that borrowing other people's loans is not recommended for gamblers and this should be avoided as much as possible by gamblers.

Well even I still believe that greedy gamblers can be saved, many people just have repulsive attitude towards gambling and their first instinct is to chase their loses when they feel they are losing, the solution to this is bankroll management, bankroll management can help even the gambling addict manage himself and his personal finance without having to result to extreme solution like borrowing extra money to gamble.

But the issue is that some persons won't listen and would only focus on playing more games, I've even over heard someone saying that someday would be his turn, so instead of stopping his continues gambling habits he uses the excuse to continue.

Borrowing money to gamble is not right and it's a sign thar you Don't understand money or respect your financial health, cause gambling is risky and is uncertain, its wring to borrow to gamble cause if you lose the money, you just got a debt to pay.

[Hispo]

...

You are talking of a situation in which someone asked for a loan to gamble and still managed to turn it into profits, sure there will be cases like that in which it could be perceived asking for money in that way is worth it, but in my opinion the disadvantages outweigh the "advantages" which come from asking for liquidity when one does not have any.
People profiting from gambling is not a rule, they are the exception of the rule: house always wins. And for the house to win then mast gamblers are supposed to be unprofitable in the long term.

If stories like that one encourage you to ask for loans to gamble, then I must warn you, you could end up in a pretty bad situation and working for literal years in order to be even with your lender. Even big casinos like Stake are pretty clear and explicit on the importance of responsible gambling for their community, they have got a dedicated webpage for it.

Loans to gamble is the opposite of responsibility.