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

[Fiasem20]

I would never lend money to someone for the purpose of gambling.I know the principles of gambling responsibly even if I'm not a gambler,a gambler ought to gamble with his money and not with borrowed money.Borrowed money for the seek of gambling won't be used responsibly, that's what they didn't work for, if it was from their hard earned income they will gamble on what they can afford to lose.I've seen where two friends were fighting because the debtor refused to clear his debt all because he lost the bet,so it's best you avoid such scene,most gamblers will lose and refuse to payback the debt.

[Forsyth Jones]

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.

They hide the fact that the borrowed money they are requesting is for gambling because they know that the chances of having the request rejected are high, which ends up making the situation even worse, as the truth always comes out when it's time to collect the debt or the one who borrowed does not pay the debt and postpones the debt.

[mirakal]

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.

I do lend some money to some of my friends who I think are really in a bad financial situation but without interest because all I want is to help, not to take profits on them. But if I know that it’s all for gambling purposes, then I won’t risk my money for that knowing they’ll only lose it all and would hardly return my money back.

Good thing, I don’t have friends who are addicted into gambling, or there might be some, but at least they don’t bother me asking some funds to gamble because surely I won’t bite their request. If they can gamble, then they should find means to provide an income of their own so they can gamble all they want.

[Orpichukwu]

I would never lend money to someone for the purpose of gambling.I know the principles of gambling responsibly even if I'm not a gambler,a gambler ought to gamble with his money and not with borrowed money.Borrowed money for the seek of gambling won't be used responsibly, that's what they didn't work for, if it was from their hard earned income they will gamble on what they can afford to lose.I've seen where two friends were fighting because the debtor refused to clear his debt all because he lost the bet,so it's best you avoid such scene,most gamblers will lose and refuse to payback the debt.

If a gambler comes to you to borrow money, the majority of people will be on the side of refusing to loan him that money because they don't see the need to do that, especially when the person also expects to pay back that money from gambling profit. 
 
Most of the time, gamblers don't just come clean and tell you they need you to loan them money so that they can gamble; rather, they come with some pressing issue stories that will make you feel pity for them and give you a give you a reason  why they really need that money and why you need to help them, but at the end of the day, they end up spending all of it on gambling.

[Gaza13]

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.

This depends on how we know our friends. If we already know their origins, they like to gamble, it's best to never give them any form of loan. Not involving someone's finances to do our gambling is something that is quite good, in my opinion, what you said, This will ensure that friendships that have existed for a very long time will not just disappear due to our own actions. Don't push yourself too hard if you don't have anything to gamble with, this will make you much more miserable.

[benalexis12]

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.

They hide the fact that the borrowed money they are requesting is for gambling because they know that the chances of having the request rejected are high, which ends up making the situation even worse, as the truth always comes out when it's time to collect the debt or the one who borrowed does not pay the debt and postpones the debt.

Of course, no matter who lends money, they will not allow the person to lend if the money is only used for gambling. Because I can also think that I will not be paid when someone borrows from me. Besides, it's not good to gamble with debt, am I right?

It would be okay to borrow if the money we borrow will be used in a business that can produce a profit for us, and if it is managed properly, it is also for sure that we will get a large income.

[NurseHub]

Except from borrowing someone or a friend money for gambling, it's not advisable to lend out what you can't let go in this society where almost everybody is giving this I don't care behavior.
I always tell my friends that I can't give you what I feel I can't let you have forever, even when it comes to clothes.
Talk more about borrowing money to gamble where there's no guarantee of winning. The trauma that comes with losing what isn't yours can make one think negatively. Imagine encouraging them to gamble more because you feel like you are a good friend. It's important you decline in a nicer way than giving what might end your friendship in the future. 

[Don Pedro Dinero]

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

In my language we say that whoever leaves money to a friend loses the money and the friend. It is a saying that, like all sayings, has some truth to it. And it happens many times.

Only once I left a large amount of money to a good friend and he gave it back to me. And smaller amounts to a relative. But certainly not as low as $2, 5, 10$. I imagine you live in an environment of people with quite low incomes.

[Samlucky O]

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 think you should be more careful when given out loan to people, because the tone used to borrow money is different from the tone used in payback. The characteristics exhibited during payback is very bad so you must know the person you are lending money to very well before releasing your money.

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

It's a simple Thing. For example you gave loan to Mr A, Mr A tells me B, Mr B comes to you because of the information gotten from Mr A. Mr B will also tell me C untill everyone is aware you are a generous lender who has money without considering you portfolio simply because they ask and recieve.

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.

I depends on you and how you programe your loan. I think most people use loan as a business despite the risk involved. But what they do is to add colethral incase of delay payment or not complying to payment on time, which will lead to lost of property to the person who gave you the loan.

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

I don't borrow money unwillingly. If I have to give I give freely without a second thought, but to be on a saffer side lending money to family and friends often don't end well, Due to close relationship. It doesn't end well during pay back so I totally avoid it.

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

Women are considerable in terms of loan than men. Women don't feel free when they know they are owing you and it makes them find a way as fast as possible to pay back their loan, but most men are stubborn in terms of payback. So women are better in loan repayments than men.

[ethereumhunter]

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.

Playing gambling to get back the lose money will not be a good idea as his chance to wins is not big. He can loses more money if he still forces himself to playing gambling. He must realizes that borrows money will only gives him more problems, especially if he lose all of his money in gambling so he can't repays the money. When he uses his money and lose, he don't have to repays the money and that will be safer for him as his risks is not too big.

He will not see what's the risks of borrow money to playing gambling. That's why he must not playing gambling using borrow money avoids it. It's better to use our own money to playing gambling to avoids many problems in gambling. We must have responsibility to ourselves when playing gambling and by avoids playing gambling using other people money.

[hyudien]

They hide the fact that the borrowed money they are requesting is for gambling because they know that the chances of having the request rejected are high, which ends up making the situation even worse, as the truth always comes out when it's time to collect the debt or the one who borrowed does not pay the debt and postpones the debt.

That's true, with those who borrow money for gambling of course they will not tell the truth if the money they borrow will be used for gambling because if they say that of course it will not be approved and of course the request will be rejected. because even if they succeed in borrowing money to gamble, I don't think it's only the borrower who will have difficulty returning the money, but also the party who lent it, I think they will have difficulty getting the money back, because with those who have dared to borrow money to gamble, I think They think they are addicted and with that addiction maybe they won't care about anything other than gambling which must be able to produce wins.
It's not surprising that people who borrow money postpone their debt, especially if they are addicted to gambling. Even though they have some money, the chances are that what they will do is gamble again, not by paying and paying off the debt, and what you say is true, as a result this action will only make things worse. So it is not recommended to force yourself to continue gambling, one of which is by borrowing money to gamble.

[Agbamoni]

It is obvious that most of us know the rules and consequences of gambling we wouldn't try to lend money out to someone who wants to use it for gambling. What annoys me the most is that some people come to borrow money thereby hiding the purpose of taking the loan. Yeah, in most cases it's not compulsory to share the purpose of the loan to anyone but you can identify which sector whether health, education etc. I still think it does not make sense for anyone to borrow loan for gambling purposes, the loan should be denied because there are probabilities that the loan may not be repaid back.

[zuzie]

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

In the social environment, borrowing and lending money will definitely exist, even I have also experienced it, namely other people coming to me to borrow money. But I personally am the type who does not easily trust others, especially when it comes to finances.

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.  

Yes, your opinion is right, maybe OP in the eyes of his friends is a person who is smart in the crypto world so they think that OP has a lot of money from his current profits. And his friends already know that the current crypto price is arguably high and they are sure and believe that OP can help him by borrowing money when they need it so that many people come to OP just 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.

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.

I am saying this is what loan sharks do for their life and that's how they make huge money by giving less money and confiscating something valuable from the borrower when they can't able to repay it back but it takes a certain lifestyle to accept such money which I don't accept and also if I am giving money to someone then I just consider it as charity not really as loan because I am sure 99% of the time I am never going to get any penny out of it.

[Chilwell]

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.

Life is all about risk but in this situation it's not a risk but a disaster because I will not borrow money for gambling or borrow anyone, we all know for every success there is risk behind it, all business people we know today take higer risk than anyone else but they did it with reason and hardly it failed and even though they face any lost it doesn't consume all the money, at least some of the percentages of the money will remain but for gambling if eventual they win it a plus for them but if they lose nothing return and they will be left with nothing and that is how their life will be frustrating because the bank or the person will come for their money.

[topbitcoin]

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

In the social environment, borrowing and lending money will definitely exist, even I have also experienced it, namely other people coming to me to borrow money. But I personally am the type who does not easily trust others, especially when it comes to finances.

I also find it very difficult to trust people in lending money, especially to someone who we already know that he is very difficult to pay the borrowed money, it will be a traumatic thing that I will not repeat again, you probably know the saddest thing in situations like this we have money like a beggar to those who borrow money to return.

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.  

Yes, your opinion is right, maybe OP in the eyes of his friends is a person who is smart in the crypto world so they think that OP has a lot of money from his current profits. And his friends already know that the current crypto price is arguably high and they are sure and believe that OP can help him by borrowing money when they need it so that many people come to OP just to borrow money.

This is quite upsetting indeed, especially when a person we have never interacted with for a long time then comes to see us and asks us for a loan, even though our relationship was not that close before but with the circumstances a bad person will come on purpose with no shame, I think why didn't he just borrow from the bank, it was much easier for him to ask for a loan, do you often give loans to others who you may not have a close relationship with before, and you know that he is a bad gambler?

[ultrloa]

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.

They hide the fact that the borrowed money they are requesting is for gambling because they know that the chances of having the request rejected are high, which ends up making the situation even worse, as the truth always comes out when it's time to collect the debt or the one who borrowed does not pay the debt and postpones the debt.

Of course, no matter who lends money, they will not allow the person to lend if the money is only used for gambling. Because I can also think that I will not be paid when someone borrows from me. Besides, it's not good to gamble with debt, am I right?

It would be okay to borrow if the money we borrow will be used in a business that can produce a profit for us, and if it is managed properly, it is also for sure that we will get a large income.

So erase out the confusion of any people been asked a favor like that maybe its best for them to decide to eliminate the chance of people to lend them some money just to finance their gambling addiction. Since if we let them do that then for sure that there would be a huge chance that those borrower cannot pay us and there's a relationship will get destroy. I see a lot of scenario like this happen and we should avoid to experience this.

We just need to make them understand the situation or just lie to them that you don't have any money so there would be no further discussion will happen. Borrowing is good if this is used for emergency situation or maybe as you said for business matter. But other outside on that scope and put it on risky situation then I guess we should cut it off so that we would leave some statements that we are not fine with borrowing money for gambling activities.

[Ultegra134]

I've lent money to a co-worker before because I knew they would be stuck seeing me every day and wouldn't be able to avoid paying me back. It was two or three times, but I always got my money back as soon as we were paid. I wouldn't have done it under any other circumstances, and I'm not going to do it again unless it's someone I'm extremely close to and trust completely, but even in such cases, you might be mistaken. You're lucky you got your money back. Lending money is about convenience for someone in need, not making money yourself. The issue is that there are a few douchebags that take advantage of your trust and never proceed to return the money.

And why does it make a difference if it's a male or a female asking you? The issue is that they're manipulating you into feeling guilty and talking their way into lending them money, which a decent human being would understand.

Don't feel bad for saying no; it's reasonable to feel this way, especially if it's for gambling purposes, where someone's addicted and is trying to get his gambling dose.

[rahmad2nd]

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 are someone whose life is closely connected to the people around you, or you are someone who often socializes, it would be very natural if there were requests for loans. This is very common in our lives in society, especially in family and friendship. Moreover, based on your story, it seems that you have healthy finances so that several people or your friends try to borrow from you. On the other hand, maybe you can do the same thing if your condition and situation is experiencing a financial crisis. The problem is, everyone who tries to borrow has different needs. It doesn't have to be because they are gamblers, who just want to channel their gambling passion. Not infrequently, we are trusted to help someone, especially a relative, who is experiencing financial difficulties. No need to ask the reason, I'm sure you and I already know people who are trying to get loans from us. If someone is a gambler, just based on their gestures we can guess it. or, the speech of someone who wants to gamble or borrow to gamble can be seen from their language speech. usually, they will promise to return you on time plus add to it with a reward. BTW, this is normal behavior based on the environment I live in. but I prefer to talk like it is, some of my friends tried to borrow just a few dollars just to bet. if I had more money, I would just give it a few dollars anyway. The problem is different if they try to borrow in large nominal multiples, especially for gambling. automatically, I will not give a penny. usually, they have experienced a big loss and want to try to recover the loss through a loan. I don't hesitate if someone borrows money, especially if it's for a very urgent need. because, I also often experience phases where my financial condition is critical. but for gambling, I would happily not give it above an irrational multiple. As you said, instead of getting money back, we will experience problems between friends, family and even relationships.

[Ever-young]

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.

I totally agree with you and also I won't borrow money to any gambler be it my friend or loved ones, I can't borrow them, even if I have enough money except I give them the money freely without expecting them to pay back, so that even if they lose the money or not, it's no longer my business and I won't take any blame in it. And also losing money for gambling is really something else, which makes some gamblers to go insane, depression etc.

So the only way we can help them is by providing them support and also letting them know the implications of gambling addiction, if they don't gamble responsibly, that way can really be of help to them.