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Author Topic: People keep asking me to borrow money, some of them for betting  (Read 1265 times)
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May 30, 2024, 10:35:59 AM
 #121

For gamblers to gamble excessively, they are deprived of their normal behavior potential thinking because at that time they like gambling so much that they would do anything for it.  When gamblers end up losing their money, they turn to loans.  First they start borrowing from friends and then from relatives.But when they lose by using the loan money to gamble, they can no longer repay the loan money. so gamblers should not lend money no matter how good they are. Be sure to avoid gambling addicts when lending money, or if you lend money to them, don't expect to get the money back.
It's seems you are saying an Incident of my friend. Here is his story at first he wasn't addicted to gambling he was used to do some sports betting and along from when he know the casino slots games he started play them and being addicted on them there was many time he borrowed money from our friend circle to play gambling but he lossed much more.
Now the situation is such that he is already absconding from the house because of the excessive debt of his. I think that before giving loans to these publics, they should really check what they are going to invest the money in. Because sometimes not lending them money is more like helping them.

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May 30, 2024, 11:08:05 AM
 #122


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!

Good because if you borrow a gambler money to play bet and the bet isn't successful then you are most likely not going to get your money back. A gambler will prefer to use the money he has to try another game rather than paying up debt that he has if there are no new winnings.


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.

If someone is in need to take care of health issues then it is reasonable enough but if the aim is for gambling, don't expect that you will get your money back especially if the gambler lost the game.


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

If you lend money to relatives, you may not get it back reason being that they think you are part of them and you won't take their indebtedness seriously and won't take it further if they didn't pay. So in the case of relatives, what you can do is to gift them some percentage of the money they are asking for instead of giving them the total loan that they are asking for and at the end you won't get it back.


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

Most men are gullible in this. Men usually favour women because of their nature as weaker sex and for the possibility gratification that they may get from her at the long run.

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May 30, 2024, 11:12:21 AM
 #123

If someone ask me for money and I can verify it is for gambling, I will humbly refuse because I know I will not be helping such fellow. Imagine the trauma of borrowing money and losing it all to gambling only to be in debt, that is compounded pain for him so I will not want to share in the blame. It is nearly impossible to win gamble with borrowed funds because the moment you realise the money is not yours, your psychology is already messed up. The best approach is always to gamble with personal money and such amount that one can afford to lose. Even gambling company advise their customers to gamble responsibly.

Agreed! I add a few lines. When a gambler remains about the debt money is not his own, he will give importance to that money. At that time he imagined it was not his own money, and he was not responsible for losing money. But he forgets that it's his debt money, and within a few days that money will be paid by his or his family.



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May 30, 2024, 01:26:48 PM
 #124

If someone ask me for money and I can verify it is for gambling, I will humbly refuse because I know I will not be helping such fellow. Imagine the trauma of borrowing money and losing it all to gambling only to be in debt, that is compounded pain for him so I will not want to share in the blame. It is nearly impossible to win gamble with borrowed funds because the moment you realise the money is not yours, your psychology is already messed up. The best approach is always to gamble with personal money and such amount that one can afford to lose. Even gambling company advise their customers to gamble responsibly.
Agreed! I add a few lines. When a gambler remains about the debt money is not his own, he will give importance to that money. At that time he imagined it was not his own money, and he was not responsible for losing money. But he forgets that it's his debt money, and within a few days that money will be paid by his or his family.
I also agree with both of you because lend our money to gamblers will gives a problem to us. Not just it is difficult to gets our money back from them but people around him will judge us that we facilitate him to keeps playing gambling with our money. At that time, we will have a bad name in their environment and no matter how we deny it, that gamblers will say that we gives our money to him to playing gambling. That's why we must not lend our money to people who wants to use that money to playing gambling to avoids other problems that can happens. We can only suggest them to playing gambling using their money, even if that's a small money because playing gambling with small money is better than to lend money from other people. After all, that's for their own good to avoids them from difficulty to repay the money.

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May 30, 2024, 01:35:41 PM
 #125

Most just ask to borrow money, they never lift a finger to help when needed (and I never ask).
I only lend it to a very close friend because I know he will pay it back, he uses it to bet on slots from time to time.


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

Most men are gullible in this. Men usually favour women because of their nature as weaker sex and for the possibility gratification that they may get from her at the long run.
Women take advantage of this advantage to gain an advantage over men, unfortunately. I don't know what women are like in your countries, but here in brazil there is no shortage of interested women (a fruit of culture).

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May 30, 2024, 01:38:29 PM
 #126

I also agree with both of you because lend our money to gamblers will gives a problem to us. Not just it is difficult to gets our money back from them but people around him will judge us that we facilitate him to keeps playing gambling with our money. At that time, we will have a bad name in their environment and no matter how we deny it, that gamblers will say that we gives our money to him to playing gambling. That's why we must not lend our money to people who wants to use that money to playing gambling to avoids other problems that can happens. We can only suggest them to playing gambling using their money, even if that's a small money because playing gambling with small money is better than to lend money from other people. After all, that's for their own good to avoids them from difficulty to repay 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.

R


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May 30, 2024, 02:02:10 PM
 #127

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

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May 30, 2024, 02:11:51 PM
 #128

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. Therefore, this money should not be given to him. 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. If you are a responsible player, confident in your winnings and have a profitable strategy, then you most likely either do not need borrowed money at all or you can take out a loan from a bank. But most likely you can accumulate primary capital through hired work.

R


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May 30, 2024, 04:51:30 PM
 #129

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. Therefore, this money should not be given to him.

What if that person is able to repay loan? Maybe not today or tomorrow, but lets say in a month. You would also consider not giving money? How come this be different from giving loan for a business start. Business rarely gives profit from very start or even in first year. Those who borrow for business probably have business plan, probably in their head only. But gamblers are not also desperate money only borrow to return what they have borrowed before. Imo, it depends from a person. I would not give money to addicted gambler to gambler, but would give a friend or someone I know for gambling.

R


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May 30, 2024, 05:39:45 PM
 #130

Borrowing money from someone is never a good sign. I have hated this since childhood because if I take other people's money and spend it on my own, it is not because it is someone else's money and I must return it.  Since it is compulsory to pay back the borrowed money then why should I spoil my relationship with him over the issue of repayment. Your friends are asking you to borrow money to bet I would say your friends are not giving you good advice at all because it will never be good for you. If you have such friends for too long then it is better not to hang out with them too much.
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May 30, 2024, 07:06:37 PM
 #131

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?

I wouldn't lend my money to you if I know that you are involved in gambling and you don't have a good record of gambling. There are some people you will see from there gambling activities, you will know whether they deserve to have your money or not, actually there are people who gamble and makes money frequently and I can lend money out to but you see those ones who gamble and doesn't have nothing to show for it, I will not lend out money to them no matter the amount they promise as interest.

As for female friends, I don't lend out money to them but I dash that is only if it's amount I can let go because borrowing a female friend money don't end well most of the time, they are dramatic even more than the male friends and would want to pin emotional situation on you when they don't have the means to pay back. Just give if you can and say no if you can't dash the money.

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May 30, 2024, 07:14:58 PM
 #132

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?
When it comes to lending of money to people I'm very careful about it especially with family and friends because money have destroyed si many good relationships with friends and family. I think the best way to lend money to people if at all one must do is to lend out the money that you can afford to lose.

Lending money to someone to play is not a good idea, it is just as if you are contributing to the person's problem because when one lacks money I think it is better to give gambling a break. Gambling can't be predicted I don't think I will borrow anyone money to play gambling,  a gambler should be able to play gambling with money from his/her pocket, this is how gambling is supposed to be played and not taking loans to create debts.

R


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May 30, 2024, 07:23:11 PM
 #133

It has become increasingly common for friends and not-so-close "friends" to come and ask me to borrow money. I don't usually ask for the purpose, but some ask me because of betting at online houses.

The last time I lent money to a colleague, who I hadn't had much contact with other than at work for a short period, it was with great difficulty that I got the money back.

I don't know where people get the amount of money they think I have, they must think I look like a bank...

Who likes having to borrow money? Unless you are a loan shark and lend with collateral where the risk is almost zero, why lend money where you end up with a loss? 'cause in addition to no one paying you with interest, most never pay you on time, at least you will get your money back after repeated charges.

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 you do know that those borrowed funds would really be that ending up on being gambled then it would be better that you should reject such request because you are really that fueling the addiction that they do have on that particular moment on which we know that this is something which it isnt really that not easy because we do have friends or known someone that if they are really that being rejected or ignored then they would really be changing up their impressions towards you. This is why i do understand on why others would really be tending to make them borrow despite of that not good feeling because they dont really like
that they would really be ending up on such situation on which there would really be that some gap specially with your friends.

If we do really think up that carefully then it would really be best that you should really be needing to have that kind of control and if you dont want for them to have that kind of addiction
and having that more debt problems then it would be best that you should ignore such request but of course it should be done on non offensive way which it do sounds
simple but doing it is really that hard.  Grin

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May 30, 2024, 07:28:53 PM
 #134

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. 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. 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.

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May 30, 2024, 08:05:52 PM
 #135

Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?
For immediate purposes, I do. Before I don't mind much because I wasn't a family person until it had changed and I need to wise up with money decisions including who to lend money.

I've felt about it because your relatives are even the ones comfortable not to pay because you know them and they keep on saying that soon, they'll pay you.

But with no much hope, I have also changed my attitude towards that.

And when they are female friends, do you lend them?
Not anymore.

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May 31, 2024, 12:20:14 AM
 #136

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. 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. 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.
That's true, even though there are no fixed rules like that, we ourselves must be able to limit the gambling we do, by having our own rules, as you said, by not gambling using borrowed money. Even though there is a chance to win at gambling, there is no certainty about that. Don't even think about borrowing money to gamble when our finances are exhausted. If gambling has drained our finances then it's better to just stop. I agree with what you say, a gambler who borrows money is probably experiencing despair where they have lost all the money they had by gambling so they think about borrowing money and going back to gambling hoping to get a big win that will enable them to have a certain amount. money as well as being able to repay the loan money made.
It's not a good idea if we lend money to those who use the money lent for gambling. the reason is that when they are addicted and borrow money it will be difficult for us to get the money we have lent, even though the addict has money it is unlikely that they will be able to remember the debt and will pay it, but they will most likely return to gambling when they have money instead of paying off the debt that surrounds their life .

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May 31, 2024, 06:38:01 AM
 #137

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.

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May 31, 2024, 07:29:07 AM
 #138

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. 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. 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.
Even though this is something that many gamblers know, the fact is that many gamblers still do it for various reasons, maybe other people will say because they are addicted but maybe not because when an addict tries to get a loan it will be difficult, so could be he is a regular gambler but is very tempted by promotions and so on which are sometimes very attractive so that it is difficult for the gambler to ignore them, but I agree that it is better not to borrow to gamble and also lend to people who want to gamble because there is a chance that we will not get the money back, but actually no matter what the reason for loaning is, when If we have given it, it will count as lost money until it is returned to us.
But I'm sure the gambler who borrows will not tell you that the money is for gambling because he knows it will be difficult to get the loan.

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May 31, 2024, 07:43:33 AM
 #139

When it comes to lending of money to people I'm very careful about it especially with family and friends because money have destroyed si many good relationships with friends and family. I think the best way to lend money to people if at all one must do is to lend out the money that you can afford to lose.

Lending money to someone to play is not a good idea, it is just as if you are contributing to the person's problem because when one lacks money I think it is better to give gambling a break. Gambling can't be predicted I don't think I will borrow anyone money to play gambling,  a gambler should be able to play gambling with money from his/her pocket, this is how gambling is supposed to be played and not taking loans to create debts.

It's true, money can destroy an initially good relationship. You have to be careful when lending money to other people, including your own family. I myself lend money to my family members carefully, where I must first know the purpose of the money borrowed and know everything clearly, including the risks and positive sides. what you say is quite reasonable, it can be done like that, especially lending it to people who are usually shameless and can even forget themselves. I often experience this, but I sometimes like to tease them with the aim of making them aware and paying off their debts. But even though we lend money that we can afford to lose, that doesn't mean we have to lend it to gamblers, because that's not the right thing. lending money to gamblers is tantamount to giving them a path to misery.

Maybe it could be said that we are giving them problems indirectly, because the gambling they do will not definitely result in a win and after that they will lose money and will also be confused about paying their debts and of course they will definitely want to gamble again, especially when they have money as they think. is to double up on gambling to be able to pay off all the debts that surround him, but instead of wanting to improve the situation, it only makes things worse. It's true what you said, if you really want to gamble then you should use your own pocket money.

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May 31, 2024, 07:50:45 AM
 #140

Wow, there must be a reason why you are getting asked a lot by people for money. It might be that they know you have a lot of money and then maybe have the spare cash lying around somewhere. It may be leaked that you are friendly and have extra money.

What I don't like is that they use their children to have you feel some kind of remorse or helplessness. I remember a time when my co-worker was asking me for money because his kid was sick. I said why not ask the company? And then he just didn't ask anymore. He might be using it for his gambling activities.

I don't know what the connection between female or male friends but it's the same for me. As long as they ask for money, I think of his/her background first before I lend it to them.

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