People keep asking me to borrow money, some of them for betting

[Eternad]

One rule of gambling is; never gamble with loan money. Any gambler who goes as far as taking loans is just being desperate and should not be encouraged. It doesn’t matter if they have the ability to pay back or not.

There’s some instances which a capable person resort to borrowing money just because their upcoming is still few days to come while they have a free weekends to gamble. Loan was invented to help people that in need of money now which they can pay later. I don’t agree about you shouldn’t borrow money even if you are capable on paying it unless the person is already addicted.

A person who has no money should be thinking of jobs and trades that will give him money and not gambling. My friends should be able to control their urge to gamble when they have nothing on them and that is what makes them good gamblers.

Being no money is different to being a temporarily no money just because you are still waiting for the payday while need money on your current situation.

As a lender, it is never a good idea lending money to gamblers for the sake of gambling. Lending them money is like gambling with your hard earned money which might be difficult to recover if there was no win recorded. I will never be a supporter of reckless gambling and this doesn't make me a bad person.

Again it depends, most of the lending industry gets profit from gambler especially on Vegas. Financially speaking, gambler borrowers is the most profitable customer on lending industry as long you have collateral for the loan amount.

[JMBitcointernational]

I would lend out money, but it would depend on where it would be used.
If it would only be used for gambling, isn't emergency and not really important then I wouldn't help them out, I mean I could use that money on something important for me or my family so why would I lend it to others?
It would also depend on a situation, if I know that the person who is asking to borrow money from me spent his/her money on unnecessary then I wouldn't help them, for me they are the problem not the money if I help them then they would just continue to live like it, they wouldn't change.

If I am to borrow somebody money for gambling,the first thing I will do is to be in agreement will  the person over the payment structure of the money,we must sign an agreement,and indicate a place where he has to sign that he collected money from me for gambling on a particular date,and would refund it on a given date, failure to refund it will carry penalties,which might include me taking any of his properties that will be worth the amount borrowed from me.In that case,I and the borrower will not have problem.

Even with the payment structure i will never lend money to someone to gamble even if he a close friend because if he refuses to pay people will actually blame me for giving out money to someone just to gamble. There is this spirit in lending money to someone, because whenever someone needs money from you the person will be very humble and submissive to you just because he or she wants to borrow from you but when the time for the person to pay he or she will turn arrogant and become very unreasonable so if the money is all that urgent and important that he or she must gamble let him go to any financial institution and borrow with collateral so it will enable him to pay fast, however, i don't lend money to people for some personal reasons but i can assist my friend for free if he or she has financial needs so borrowing money to people is out of my agenda especially when it has to do with gambling.

[HelliumZ]

There is no problem in borrowing money or taking a high interest loan if there is a guarantee of profit in that case then there should be no problem in borrowing or taking a high interest loan. But taking a high interest loan for betting on gambling is certainly nothing but a fool's errand since gambling is an uncertain prospect and there is more chance of loss than profit. More over If you take a loan from a bank at a high interest rate and put collateral against that loan, the collateral is more likely to be forfeited. I will not in any way support or suggest anyone to take money from the bank or any other source at high interest rates and gamble that money.

[zuzie]

Someone who dares to borrow money from others, most of them see that they are able to provide loans, meaning that there are supporting factors, namely that the person appears to have a lot of money, such as his life can be said to be a capable person or a rich person, which can be seen from his daily life which is above average from the lives of others.
So that borrowers will dare to come to him even though the results are still in doubt.
And in my opinion, it means that OP is one of those people who are already seen as capable people or rich people, so borrowers come to OP just to borrow money.

[EarnOnVictor]

Some people even go so far as to ask me to borrow money for what? to bet!! What a joke. I answer briefly and bluntly that I don't have the money to lend for these purposes!

And the worst thing is that they ask me for small amounts, like $2, 5, 10$... I think that if the person doesn't have that money now, the chances of them getting that money to pay you are low. If the person is in need, it's easier for them to confess right away to see what I can do, because I'm not a bad person.

Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?

And when they are female friends, do you lend them?

If your friends are asking you to borrow them like $2 or $5, then you should know you want to do a free gift. Many of them may not pay it back and you will surely forget it later if you are blessed with enough. But first, on judging all that you've narrated, what I can say here is that you might not be keeping the right circle of friends, so if you are a comfortable person among many of them who are not comfortable, it is still an issue and there is no way you will not continue to feel their burden and disturbance on you.

This is why it is good to keep the right circle of friends so that none of you will depend on the other for anything, and if at all some are facing one or two challenges, you will surely understand and help. But not in a situation where the friend appears irresponsible always. You can imagine the person who borrowed money from you but was unable to return it as and when due and those ones who are likely to bet with the money borrowed. These are irresponsible friends, to say the least.

Also, yes, I've lent my relative money and it was a big amount of money and was paid even before the stipulated time. This is what we call trust and a responsible act, and I assess very well before I lend my money out as some will not return it back. This has happened to them many times in the past but I've already cut off such a circle of friend. As for female friends, I like to avoid them in this context but give them a bit I can let go of. Should in case she insists and she is responsible at the same time, why not?

[hedgeh0g]

To be honest, I’ve been thinking lately about never lending money to anyone, only to my closest friends against a receipt and only in situations for his or his mother’s treatment, or something similar. I would like my best friends to help me in such situations, too, if suddenly trouble comes knocking on my house.

It's no problem to help a friend with his life's needs or help his parents who are sick, that's no problem, but as a friend we also have to be able to ensure that all the money is used for the right things, but if it's used for gambling it's the same as us supporting the gambling carried out by our friends and also allowing him to continue to decline with his gambling addiction, usually people who have the courage to borrow money to gamble are gambling addicts, because only gambling addicts will never get tired of continuing to gamble without a break. lol

I also can't possibly refuse to give help to my friend if the money is used for the right thing, for example if he borrows money for his family's needs, we can buy him directly what he needs, not in the form of money, for example to help his parents who are sick too. We can also see him or visit him in the hospital, if our friend doesn't have the money, we can help pay for the hospital, that's no problem, but here we are all probably discussing people who borrow money to gamble, so we as friends or relatives shouldn't lend it

Honestly, I don’t know how to track this, because a friend can do whatever he wants with this money. Of course, if we do not make this purchase for him and do not receive an official document with obligations on his part to repay the debt in full. Probably after this he will not want to do this, because the trick may not work, because he really needed the money.

It’s just that those who lent us money for the game will not return the money to us at any moment, I’m just sure of that. Because it is clear that in the end the house always wins, which means that this acquaintance will ultimately lose and, of course, he will not have the means to pay off his debts. My advice is that it is better to make an effort to stop doing this, because it will cause a quarrel, I am sure of it. And it’s better to be the one who refuses money than the one who is left without money and without a friend.

To be honest, I’ve been thinking lately about never lending money to anyone, only to my closest friends against a receipt and only in situations for his or his mother’s treatment, or something similar. I would like my best friends to help me in such situations, too, if suddenly trouble comes knocking on my house.

That's why we don't have to lends money to those who only wants to uses the money to playing gambling, especially they don't have a big chance to wins and only lose that money. If they lose that money, they must gives back the money to us no matter what's their reason and that can makes us in trouble, especially if they can't pay back the money. That happens to many people who lend their money to other people and that can makes their relationships will disturb and it's difficult to fix. Borrows money from other people to playing gambling just makes them in a difficult situation as they can't gives the money back if they don't have money from their jobs.

If our friends wants to borrow our money to fills their needs or they have an urgent things that needs money, we can give that money and don't thinks about when they can repay that money. That will be a different situation because they really needs that money while they don't knows where they can gets the money.

Of course, this will be a difficult situation to correct, I agree with you here. Because for a player who is always in search of money, he poses a problem for the people around him. He has only one idea in his mind - to make a bet to win back, but we have mentioned many times that this idea will only lead to worse results. And even if you imagine that he is lucky and still wins money to give back, this does not guarantee that he will give it back, because the next day he will decide to place a bet again, just to win, this process can continue endlessly, unfortunately.

[Solosanz]

Someone who dares to borrow money from others, most of them see that they are able to provide loans, meaning that there are supporting factors, namely that the person appears to have a lot of money, such as his life can be said to be a capable person or a rich person, which can be seen from his daily life which is above average from the lives of others.
So that borrowers will dare to come to him even though the results are still in doubt.
And in my opinion, it means that OP is one of those people who are already seen as capable people or rich people, so borrowers come to OP just to borrow money.

Not really.

Even you didn't show if you're capable or rich, they will still ask for money.

This kind people don't see friend as a real friend, but they will think them as an acquaintance, so they will not feel lose when they lose the friends where they borrow the money. So, make sure you can know and differentiate between real friend and fake friend.

Ask yourself, is there no one ever ask you to borrow money

[Findingnemo]

I am terrible at asking people to return something that belongs to me so I never lend money to anyone not for gambling but in general cause money and relationship is really a bad combo and no matter what it's going to end up in a conflict.

If you knew that you got the ability to get the money from them in one or other way then do it because it's good for you though cause you make interest from it and who knows they might pay you with something more valuable than what's you lend them and that's how the loan sharks are making money.

[Stable090]

If a person asks to borrow money and openly says that he will spend it on sports betting, or even more so on roulette and slot machines, then it is almost 100% safe to say that he will lose the money and will have difficulty returning the money.

Why will someone even be confident that they are going to win a bet? Most people who take out loans just to gamble are always confident in the games they are planning to place bets on, so if they can win, they are going to repay the loan that they took. Some people always have the belief that before they gamble with all the money they borrowed, they are going to win back the money and make profits, but gambling doesn’t work like that, you might gamble with all the loan you took and never win.

There are a very small number of players who can consistently generate profits over many years, but I highly doubt they are playing with money borrowed from people they know.

Some people are always winning. I agree with you, but some people who are always claiming they are winning are not really winning, they are just deceiving people. I don’t think people who are really winning will be gambling with loan money, they will have generated enough money, and that’s what they will be using to gamble.

[Lanatsa]

Some people even go so far as to ask me to borrow money for what? to bet!! What a joke. I answer briefly and bluntly that I don't have the money to lend for these purposes!

And the worst thing is that they ask me for small amounts, like $2, 5, 10$... I think that if the person doesn't have that money now, the chances of them getting that money to pay you are low. If the person is in need, it's easier for them to confess right away to see what I can do, because I'm not a bad person.

Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?

And when they are female friends, do you lend them?

If your friends are asking you to borrow them like $2 or $5, then you should know you want to do a free gift. Many of them may not pay it back and you will surely forget it later if you are blessed with enough. But first, on judging all that you've narrated, what I can say here is that you might not be keeping the right circle of friends, so if you are a comfortable person among many of them who are not comfortable, it is still an issue and there is no way you will not continue to feel their burden and disturbance on you.

This is why it is good to keep the right circle of friends so that none of you will depend on the other for anything, and if at all some are facing one or two challenges, you will surely understand and help. But not in a situation where the friend appears irresponsible always. You can imagine the person who borrowed money from you but was unable to return it as and when due and those ones who are likely to bet with the money borrowed. These are irresponsible friends, to say the least.

Also, yes, I've lent my relative money and it was a big amount of money and was paid even before the stipulated time. This is what we call trust and a responsible act, and I assess very well before I lend my money out as some will not return it back. This has happened to them many times in the past but I've already cut off such a circle of friend. As for female friends, I like to avoid them in this context but give them a bit I can let go of. Should in case she insists and she is responsible at the same time, why not?

For someone whose really that addicted with gambling then it would really be that impossible that you would really be asking or tending to ask about such amount but if you do make out those kind of refuse or
trying out to tell them that you dont have money but you do have an intent on giving about $3-5 then it would really be just your choice on which its really that true that these people wont really be able to repay you up if ever they would really be that tending to let them borrow specially if someone whose really that get involved with gambling then it would really be not shocking that they will really be not prioritizing on the amounts that they have borrowed someone that they do know. Not all though since there are persons who are mindful with their loans but majority would really be something like this.

If you are someone who do have the money then it would really be just that depending on you but if you are someone who do have  that budget then it would really be that significant that you would really be that trying out to control things according into the money that you've been holding or specifically will really be not making those kind of decisions since you do know that it is something
you do need rather.

[darkangel11]

IMO, you shouldn't lend them any money because you will never get any gratitude from a gambling addict.
If he loses money after getting it from you, he will not pay you back, that's obvious. If he wins, he will probably keep on betting until he eventually loses it.
You can get better results and keep your money by simply denying him any payment.
No responsible person will bet with borrowed money. I'd never come begging for money like that, especially for gambling. I'd be too ashamed.

[Churchillvv]

I am terrible at asking people to return something that belongs to me so I never lend money to anyone not for gambling but in general cause money and relationship is really a bad combo and no matter what it's going to end up in a conflict.

If you knew that you got the ability to get the money from them in one or other way then do it because it's good for you though cause you make interest from it and who knows they might pay you with something more valuable than what's you lend them and that's how the loan sharks are making money.

Apparently I get your idea that life is full of risk so if you can risk it by lending someone money for gambling or between then you should risk it, I also buy that idea but how about an obvious addict asking for loan? if you you how to get your money back in one way or the other is your conscience going to let you do such? for me I can't as long as I know he or she is going to spend them gambling I wouldn't risk it because I will keep pondering to myself that I'm heartless for supporting them to ruin their lifes.

[Fivestar4everMVP]

Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?

And when they are female friends, do you lend them?

Well, I honestly do not think that there will be any grown up who is working and earning money; that will come out and say that he or she has never lent someone (a friend or relative) money before cus for me, I have lent alot of friends and relatives money in the past for different reasons, some I know, and others, I don't know, since I never really like to ask if they are not willing to share, I either agree to lend the money or refuse it I am not comfortable with the request or the person asking.

And again, I've lent money to people which in return, I wasn't able to get back, I think this happens to every one of us, this is why we must be careful who we are lending money to, be he or she a relative or friend, and when the purpose to which they want to borrow money is gambling, I outrightly say no, and it doesnt matter how close I am to person, I simply never will lend someone money for gambling purposes, because I believe that one should not force him or her self to gamble when he or she doesn't have the resources required.

[topbitcoin]

Someone who dares to borrow money from others, most of them see that they are able to provide loans, meaning that there are supporting factors, namely that the person appears to have a lot of money, such as his life can be said to be a capable person or a rich person, which can be seen from his daily life which is above average from the lives of others.
So that borrowers will dare to come to him even though the results are still in doubt.
And in my opinion, it means that OP is one of those people who are already seen as capable people or rich people, so borrowers come to OP just to borrow money.

Indeed, of course someone dares to borrow money from us looking at certain factors like what you are talking about, but also not all of them are like that, look rich and or have a lot of money, like a small thing when we have a job and or can make money every month, someone will think that we have money and savings so that he thinks he will borrow from us on that thought, it seems that this is not only necessary for people who look like they have money but even have a job, there are definitely people who borrow money from us.

Especially in a circle of friends who interact with gambling and have an addiction to gambling, they will always borrow money from us on the basis of urgency or just want to borrow because they want to gamble, that's what pisses me off the most because they mostly borrow money to gamble, even though they don't have a job or income to even meet their own needs, but for gambling they force themselves to gamble.

Maybe because many of OP's friends know that Op interacts with gambling in addition to also investing in the crypto world makes some other gamblers think that OP might have money because we know people who interact with crypto days have extraordinary profits, it could be that the stigma appears. 

[Yatsan]

I was actually thinking of this. Perhaps they lied about the purpose of why they are borrowing the money but in fact they will be using it on gambling activities, will be the same as with those who directly announces it, although it would have higher intensity with the first condition because of lying tendency but things would be the same. I don't really prefer supporting it simply because personally, I don't borrow money especially for things that I am engaging myself with. It is me who took the risk in gambling then it is me to save or generate money for the next time I would be doing it again. Also, we have a choice to not gamble if we just don't have the money to do so than to push things involving other people in this industry. It'e just a matter of self respect and respect to other people especially those who are close to you.

[$weetne$$]

I was actually thinking of this. Perhaps they lied about the purpose of why they are borrowing the money but in fact they will be using it on gambling activities, will be the same as with those who directly announces it, although it would have higher intensity with the first condition because of lying tendency but things would be the same.

They mostly lied when asking for money then use the money in gambling because they would not tell you that they are borrowing the money to gamble. They will tell you that the money is going to be use for something important or an emergency then they are just going to gamble the money away and come back to you for help again. Gambling addicts do not learn from their mistakes but continue making the same mistakes every time and keep being in debt. When you borrow people money, do well to know why they need the money and if you know someone to be suffering from gambling addiction, do not borrow them the money because they are going to use it for gambling and continue to be a victim of gambling addiction. If they do not see any money, they will not have what to use in gambling and it can be helpful.

[SOKO-DEKE]

If a person asks to borrow money and openly says that he will spend it on sports betting, or even more so on roulette and slot machines, then it is almost 100% safe to say that he will lose the money and will have difficulty returning the money.

The probability of losing in gambling is always high; there is no assurance of winning in gambling unless someone is lucky, so I don't think anyone will like to borrow money, and he or she will have confidence to say that he wants to gamble with the money he borrowed. In fact, it is people who are gambling addicted who always borrow money to gamble and it is all because they are addicted, and when someone is addicted, they always have a positive outlook on whatever they are doing, even if they know what  they are doing is wrong thing. 

There are a very small number of players who can consistently generate profits over many years, but I highly doubt they are playing with money borrowed from people they know.

Yes, a small number of people make it in gambling every year, but just believe me, it was all about luck. It is very hard to make consistent profits from gambling. People win; they do see that they are in profit at the end of the year. For many of them, it is just once they win or twice, but with a big amount of money. If you are lucky, even if you borrow money to gamble, you will win, but the truth is, never borrow money to gamble. 

[el kaka22]

Having this kind of return isn't always that great, I personally believe that we are going to have a lot of people keep asking forever. I personally would be VERY rich today if I could get about 15-20 thousand dollars capital, not from gambling but from business stand point. I would make insane amount of money, I am not even questioning it, I know it. But not only I have no money, but I am also in big debt as well, which means that I am not going to make that much money from it at all.

If I had a friend who I could get this money from, do you think that as someone who trusts himself and his business idea this much, wouldn't get it? I mean I am willing to take a loan from banks if I can, but I already have debt so I can't.

[Juse14]

I was actually thinking of this. Perhaps they lied about the purpose of why they are borrowing the money but in fact they will be using it on gambling activities, will be the same as with those who directly announces it, although it would have higher intensity with the first condition because of lying tendency but things would be the same. I don't really prefer supporting it simply because personally, I don't borrow money especially for things that I am engaging myself with. It is me who took the risk in gambling then it is me to save or generate money for the next time I would be doing it again. Also, we have a choice to not gamble if we just don't have the money to do so than to push things involving other people in this industry. It'e just a matter of self respect and respect to other people especially those who are close to you.

Indeed, while your statement holds truth that they misrepresented the loan's intent and yet simply gambled it away, the dishonesty does echo a certain similarity with those who squander without deception. Though the dynamics differ in intensity due to added falsehood, at the core both scenarios culminate equally.

This action doesn't appeal to me on a personal level as I refrain from borrowing money for my ventures. If I choose to gamble, I take full responsibility for the risk and any losses incurred or gains made in order to continue in the future. Furthermore, it is within our control not to partake in gambling if we lack funds, a decision that does not implicate other individuals in our financial situation.

This issue pertains to one's self-worth and also respect for others, particularly those we are close to. Borrowing money to gamble is unwise, it can destroy relationships, as well as the faith people have in each other. It might be a good idea for all involved if this unhealthy practice were discontinued or altered.

[Issa56]

Even with the payment structure i will never lend money to someone to gamble even if he a close friend because if he refuses to pay people will actually blame me for giving out money to someone just to gamble.

If you can borrow your close friend money to gamble, that means you are not really a good friend, because you see your friend is addicted to gambling, and you are still encouraging him to gamble more by giving him a loan. The best thing to do is to reject his loan offer. I know it might cause misunderstanding, but you are trying to help him, and that’s what a good friend should always do. How are you going to even talk about it in public that you borrowed your friend money to gamble and he refuses to pay it back? It sounds somehow to me.

i don't lend money to people for some personal reasons but i can assist my friend for free if he or she has financial needs so borrowing money to people is out of my agenda especially when it has to do with gambling.

I hardly lend out money that I know I can’t give to the person, if I can lend out money and you refuse to pay me my money back, I will just have to overlook it, but I know next time you won’t be able to come to my side for money because you haven’t paid the previous one.