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Author Topic: Anyone here brave enough to borrow money for gambling to fulfill their dreams?  (Read 2965 times)
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December 19, 2024, 04:37:03 PM
 #21

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?

Sorry but what I am reading here with this post of yours sounds rather like a contradiction to me. Skills and gambling do not have anything to do with one another in the first place. So it would be rather silly to borrow money we won't even sure we will be able to to pay back in the established time of the contract... that would only bring problems to one as a person, and I would rather not even think what could happen to our credit score if we did such a thing.

Anyways, never borrow money to gamble, not matter how cocky or confident you are on your "abilities" or skills. Only borrow money to gamble if you realize you have actually acquire the power to see the future or something like it.  Tongue

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December 19, 2024, 04:37:15 PM
 #22

It's a hopeless and fruitless journey that you want to embark on. Gambling is for fun and not a business that you can borrow money and pay back later from your profit, because you will always be at loss. It's advisable not to gamble when you don't have money, and don't use gambling as a means of living because you will become addicted.

R


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December 19, 2024, 04:40:45 PM
 #23

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?
Seems you have forgotten one thing about gambling that it's a game of luck/chance, do you also think about this as well?
If you have this at the back of your mind you wouldn't have this feelings to go borrow money to gamble, because it's not a sure thing that it must give you winning whenever you places bet or gamble. I know its very hard to understand there is no strategy that is sure in gambling and the only sure strategy is gambling within your means and do not involves in extra cash sourcing to fast track your winning rate or having a huge return as a means of trying to utilized the very first opportunity.


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December 19, 2024, 04:43:07 PM
 #24

At the end of the day, as long as you have the means to pay back a loan, who cares what you use it for. Most people will tell you not to borrow to gamble, and most are correct, but IMO if you can pay back what you borrowed then whatever you need/want the money for is your business.
While there might be means of paying back the loan in some cases but trust me there is higher percentage of people who do not have any alternative means to pay back once they collect the loan to gamble and unfortunately lose the amount. Many who take this loan to gamble do so because they quickly want to chase profits and also pay back the loan with same money and have some to themselves, meanwhile gambling as we know keeps everyone on their toes, the results we get most of the times from our gambling activities is not something good and stand the chance of losing everything including the capital that was borrowed, this will likely put the gambler in a much serious debt that could have been avoided.

We enjoy the fun in gambling but also don't have to seek more when we are down in funds, gamble while you have enough to spare and not by all means when the urge comes.


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December 19, 2024, 04:50:46 PM
 #25

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?
Bad approach, never borrow money to gamble with because doing so will land you into debt in the long run, gambling should be taken as fun and nothing more, so if you take loans to gamble with, you will not get the results you want, chasing your loses with borrowed funds is a fast way to addictions since you will be put under pressure to recover from the losses and pay back the loan.

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December 19, 2024, 04:55:09 PM
 #26

There's a huge difference between brave and stupidity, if someone feels they are capable of winning they don't need to take a loan at all, they simply have to start with a dollar and turn it into a million dollar with just 32 consecutive wins that double the bet amount. Now you know why it's not even a possible thing to have it a thought if we rationalize those scenario.

Thumb rule for a life, never take a risk with the money that's not yours means loan money falls under the category of not yours too.

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December 19, 2024, 05:04:37 PM
 #27

My neighbor has been attempts to try this way that he is very confident with his skill in gambling so he dare to borrow money even he was borrow huge money because he was expect can gets huge amount of profit from his gambling activities but in fact borrow money to gambling is ruin his life because he lost all of his money and now he have to sell his house to pay his debt and i think confident to our skill to gambling isn't enough to gets profit from gambling this because just like people have says it plenty that gambling results is uncertain and depend on people luck so it cannot be predicted and for me personally i don't dare to do that and only gamble with the money which i can afford to lost
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December 19, 2024, 05:07:12 PM
 #28

It's ridiculous to borrow money for gambling, even if you can pay back the loan but for me it doesn't make sense even if your strategy works, but we know it's based on luck right?

You can do anything if you want, but it will bear the risk, for me this is too risky to take a loan for a chance that he thinks he is sure to win the bet, while we know in gambling no matter how sure you are you can lose.

But there will be many people who disagree with this, maybe a few people who dare to take this step.

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December 19, 2024, 05:15:16 PM
 #29

How is borrowing money bravery? It's a risk I am not ready to take. We can be good at gambling on a particular game but that shouldn't be a criterion for us to think we can borrow money to fuel into gambling in the form of a business or side hustle. As for me no matter the extent I think I an into gambling I will not take a loan in the name of gambling. I will gamble with what I have and when I don't have I will be contented to gamble another day.

Also, business is not the same thing as gambling. The risk involved in business is less compared to that of gambling. In instance you can lose thousands of dollars in gambling while in business its nearly impossible unless the goods is stolen or a fire outbreak.

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December 19, 2024, 05:23:46 PM
 #30

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?

Sounds more like you talking about trading strategy.. gambling wins cannot follow a particular strategy for too long mate. Why would you want to borrow funds to gamble when you have no guarantee that you will win and get back the money? We shouldn't forget that gambling is risky and your winning is dependent of lucky and when you aren't p, you eventually end up losing money to the casino. Just continue playing the usual way you do and when you are lucky you get good wins don't over think about missing out on good opportunities.

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December 19, 2024, 05:34:44 PM
 #31

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?

Sounds more like you talking about trading strategy.. gambling wins cannot follow a particular strategy for too long mate. Why would you want to borrow funds to gamble when you have no guarantee that you will win and get back the money? We shouldn't forget that gambling is risky and your winning is dependent of lucky and when you aren't p, you eventually end up losing money to the casino. Just continue playing the usual way you do and when you are lucky you get good wins don't over think about missing out on good opportunities.

There are people borrowing money to gamble. It's not surprising for anyone to know this because it is sometimes in the news that the loan sharks in the casino are luring those guys with their collaterals. Shasan's thread has been creating threads about loan defaults, I'm not sure if those users gambled the money but I wouldn't be surprised if they did.

Just imagine the outcome if you borrow and double the amount in a week then repay the loan. Thats money out of nothing.


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December 19, 2024, 05:37:48 PM
 #32

I personally do not dare to borrow money to gamble, because borrowed money does not guarantee that we can win every game, but most people who borrow money will all have bad luck, will lose quickly, unlike if we gamble with money that is not borrowed, playing without emotion will always be relaxed without burden

Only those who suffer from gambling addiction may be led by their behavior to venture into debt in order to continue playing. Borrowing for the sake of gambling means that they have lost all their own money and all that remains for them is to gamble with other people’s money. Some who cannot find a loan, may consider stealing or defrauding to make money.

There is a basic rule in the fields of "trading" and "gambling" that says that you should never risk using money that you can't afford to lose because there is no guarantee that it will achieve returns. I do not consider either of them a real environment of investment because the degree of risk is high and the user may be involved in consequences that he is not able to bear.

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December 19, 2024, 05:39:08 PM
 #33

Personally I have not done that and it has never crossed my mind to do such. I believe they are addicts who do that.
Gambling has always been something that works with luck and as somehow who do it for fun, I won't take the risk of borrowing money. If I should all the money, it will definitely be a big issue to me because there is a family to feed and bills to pay on a regular basis.
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December 19, 2024, 05:41:25 PM
 #34

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?
Firstly - I would not take out a loan to gamble, that would be suicide in my opinion. Making a loan of any amount to meet your gambling needs is not a good idea - in fact it is not a good idea if used for trading or investing. Of course they could - but at least they didn't just get away with it when all their plans failed. Gambling is just a form of fun game - gambling is not to make them rich even though some gamblers are truly rich because of their winnings.

So in conclusion - I would not make a loan of any amount to gamble. For me, that's not the best idea because if you don't have money, don't force yourself to gamble. But I'm sure there are many gamblers who do it because their addiction to gambling is difficult to control.

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December 19, 2024, 05:43:38 PM
 #35

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?
Don't even think of it,  gambling is highly risky to borrow money to fast track our success. Kindly note that gambling is a game of luck and there is no short cut to success. no matter how you trust your instinct, you will likely still lose. It is advised we gamble what  we can afford to lose.  There are folks who tried what you just explained,  instead of wining the lose everything including the asset they have was sold and never recovered it up till date. Please note that we hustle to get asset not selling asset to hustle.

R


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December 19, 2024, 05:44:02 PM
 #36

Daring to borrow money from others just to gamble and having great ambition or self-confidence, that is something that is the beginning of a big problem that will happen. When a gambler considers himself very good at gambling and even at sports betting, surprises can still always happen because luck is still very strong in gambling.
If you ask me if I have ever done that, I will answer that I often did it in the past when I was addicted to gambling. And now, I never do that after realizing that the way gambling works is only to provide facilities for gamblers to have fun, not to make money.
Anyone who still does that for the sake of gambling, I am sure in the future he will have big problems.

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South Park
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December 19, 2024, 05:46:33 PM
 #37

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?
That is not bravery but foolishness, every single gambler out there I have ever met, supposedly has a system to beat the house, but the number of those that can actually do that are incredibly limited, the rest despite their claims cannot stop themselves from losing money, and with this in mind then it is obvious that if any of those people tried to borrow money to gamble in an attempt to make more of it, they will fail and they will find themselves with a debt they may need to pay for years.
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December 19, 2024, 06:23:49 PM
 #38

I am just having this thought: if we truly trust our gambling skills, then just like starting a business, we take risks because we believe we’ll succeed in the future. So, what if we’ve proven our strategy works, but we’re only betting small amounts and missing out on bigger opportunities? We might consider borrowing money to fast-track our success. Has anyone ever done that?
It easy to say until it's time to return it and you still haven't made double of the loan you took or probably you're still in some minimal loss/ you losed it all  Tongue
You don't trust gambling skills to the extent of doing that, it has a reason they call it "Gamble", if you feel the need to increase the amount you normally bet then start with your money you can save up to pick a save odds if there's a need to , if you loose it then you won't have any problem with returning it ,you know it's your loss.. Imo I wouldn't advice anyone to take a loan just to gamble

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December 19, 2024, 07:49:05 PM
 #39

one of the stupid things that someone can do is borrow money to gamble. gambling is not like building a business where you can analyze business opportunities, and how you can solve the problems that exist there, but in gambling you risk your money and no one knows whether the money will come back to you or not. even when someone believes that they have a proven strategy, but it will not apply in a casino since they have algorithms that are designed to benefit them, and no matter how someone tries it is very difficult to get big profits.

so if someone borrows money just to gamble, then it means that he has really risked himself and is ready for all possibilities that will happen.

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December 19, 2024, 08:55:10 PM
 #40

I have not taken a loan to gamble with the money before, because I have never allowed myself to slide into a financial state where I won't be able to afford to pay for my gambling session instead of borrowing I would rather walk away from gambling than.

I have a close elderly friend who told me that he is going to take a loan from his office, he said he will use all the loaned amount to gamble this season, he believes he will win big within this period of international football leagues.

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