Anyone here brave enough to borrow money for gambling to fulfill their dreams?

[tvplus006]

True, that's foolishness, using others money to gamble and doesn't have a secure ROI. I really hate those kinds of people who borrow money just to gamble, so if someone is borrowing money just to gamble means you shouldn't let them borrow because it means they're already addicted to gambling and doesn't have control to their desire to use more money to it.

If you knew someone like that, better to give them a good advice and tell them about the reality.

Yes, it really looks like one of the symptoms of gambling addiction. If we consider the loan from the point of view of a businessman, then he must have a clear plan to repay the interest and the amount that was borrowed, on time. In the case of gambling, there is no such repayment plan. And a bank employee, having learned the purpose of obtaining a loan, will refuse to receive a loan.

[LDL]

...We might consider borrowing money to fast-track our success. Has anyone ever done that?

I have not met anyone who borrows money in order to lose it in gambling, but I know some who have borrowed money in order to lose it later on futures. Since gambling and futures are highly risky, you should not borrow money, thus increasing your debts.

I have never seen anyone like this in the past borrowing money and participating in gambling, but about 2 weeks ago I saw a young man in my area borrowing money at compound interest and participating in gambling.

This young man has borrowed money and has not paid the interest for several months to the point where he has now completely failed to pay the principal and interest. At this moment the young man will sell his motorcycle and repay the interest and principal. However, a lesson learned from the young man is that no matter how big the injustice or wrong decision in life, one should never take interest or borrow money in order to participate in gambling for the time being.

[ethereumhunter]

Taking a loan is not a characteristic of being a responsible gambler but rather an irresponsible one. I have a circle of friends that are into gambling as well but have never heard from them borrowing money. Maybe because our intention is to just have fun and have an easy gambling life without thinking about winning huge. 

I don't know what other people are thinking about committing a loan, but for me, it was not the option to take if we don't have capital. Too bad to think if we use chasing losses as an excuse, as it was not reasonable enough to take the option where we know that we don't have any assurance of winning to pay back. 

Taking a loan for gambling will only gives them more problems without they realize because if they don't have money, they will not be able to pay the money. They will be chased by the lender until they can repay the money so that will be the problem for them. Taking a loan for other things to survive will be a brave thing but we must think how we are gonna repay the money.

If that money is just for pleasure, we don't have to take a loan and only use enough money that we can afford. There is no assurance we can win from gambling so we must understand the situation and not trying to take more risk to us.

No, I don't think that they have to see what will happen to them after borrowing money. Everyone has got an idea on what will happen next. But if they decide to look and see what will happen next, that's it for them. They don't have to borrow money to gamble, everyone has the right to fulfill their dreams but being a gambler alone is the toughest path of reaching it. And with the lender knowing that it's for gambling, it could just be a one-time pass loan and then afterward, there will be no one that shall give a loan to any gambler.

But they must think about what may happen to them if they just take a loan for gambling. Gambling can not always gives them the win so when they use the money from the loan to gambling, they will not win and difficult to repay the money. We must realize that playing gambling using the money from loan can make us losing all of the money we have. And while we don't have any income, that will make us in difficulty because we can not repay the money. Even if you have an income, you will difficult to pay the money because we have more things to fills with our income so the difficulty will comes soon.

[hedgeh0g]

...We might consider borrowing money to fast-track our success. Has anyone ever done that?

I have not met anyone who borrows money in order to lose it in gambling, but I know some who have borrowed money in order to lose it later on futures. Since gambling and futures are highly risky, you should not borrow money, thus increasing your debts.

I have never seen anyone like this in the past borrowing money and participating in gambling, but about 2 weeks ago I saw a young man in my area borrowing money at compound interest and participating in gambling.

This young man has borrowed money and has not paid the interest for several months to the point where he has now completely failed to pay the principal and interest. At this moment the young man will sell his motorcycle and repay the interest and principal. However, a lesson learned from the young man is that no matter how big the injustice or wrong decision in life, one should never take interest or borrow money in order to participate in gambling for the time being.

Of course you shouldn't, but we are talking about this from the outside and we don't know what's going on in his head, but we can only assume that he had a fierce desire to win back and it didn't matter at all what interest rate he was lent the money. This feeling is very dangerous, because a person is ready to do many things for this and even selling a motorcycle is not all. Such players can, by deception and stories about a sick mother, force friends to lend money, which he will immediately take to the casino and also lose. It is important whether this is enough for him to understand that it's time to stop or start looking for additional money again.

[mammusu]

...We might consider borrowing money to fast-track our success. Has anyone ever done that?

I have not met anyone who borrows money in order to lose it in gambling, but I know some who have borrowed money in order to lose it later on futures. Since gambling and futures are highly risky, you should not borrow money, thus increasing your debts.

I have never seen anyone like this in the past borrowing money and participating in gambling, but about 2 weeks ago I saw a young man in my area borrowing money at compound interest and participating in gambling.

This young man has borrowed money and has not paid the interest for several months to the point where he has now completely failed to pay the principal and interest. At this moment the young man will sell his motorcycle and repay the interest and principal. However, a lesson learned from the young man is that no matter how big the injustice or wrong decision in life, one should never take interest or borrow money in order to participate in gambling for the time being.

Anyone who borrows money and just hopes to succeed in gambling is taking a very big risk, because in my opinion it is a decision that can have a negative impact on our finances, although there are people who may have done it, the results are often not favourable and can cause serious financial problems and even give us greater pressure than just losing money from gambling.

Gambling with borrowed money can increase the pressure, stress and also the confusion to paying the loan when we finally lose money in gambling, especially if the borrower charges a large interest rate from the loan and it will only bring us into big problems later that may also affect our family safe.

[Mahanton]

...We might consider borrowing money to fast-track our success. Has anyone ever done that?

I have not met anyone who borrows money in order to lose it in gambling, but I know some who have borrowed money in order to lose it later on futures. Since gambling and futures are highly risky, you should not borrow money, thus increasing your debts.

I have never seen anyone like this in the past borrowing money and participating in gambling, but about 2 weeks ago I saw a young man in my area borrowing money at compound interest and participating in gambling.

This young man has borrowed money and has not paid the interest for several months to the point where he has now completely failed to pay the principal and interest. At this moment the young man will sell his motorcycle and repay the interest and principal. However, a lesson learned from the young man is that no matter how big the injustice or wrong decision in life, one should never take interest or borrow money in order to participate in gambling for the time being.

Anyone who borrows money and just hopes to succeed in gambling is taking a very big risk, because in my opinion it is a decision that can have a negative impact on our finances, although there are people who may have done it, the results are often not favourable and can cause serious financial problems and even give us greater pressure than just losing money from gambling.

Gambling with borrowed money can increase the pressure, stress and also the confusion to paying the loan when we finally lose money in gambling, especially if the borrower charges a large interest rate from the loan and it will only bring us into big problems later that may also affect our family safe.

Very very big risks as we do all know on which at the moment or time that you do consider out on taking up some loan or borrowing money on the moment that you do gamble then you are really just that like burying your own grave on which we know that gambling do always having that losing situation or into its gamblers on which losing a loan money will really be a double kill on which you will be losing the money plus you will be paying up on the interest on which this is something that you will be needing to comply on or else you'll face another big problem. It is really just that too impossible that you cant be able to assess yourself first at the time or moment that you do make out such decisions on which we know that using up your own common sense and self awareness will really be that enough for you to be stopped on doing such bad actions. When you do gamble then always stick into your budget and never ever go beyond with those amounts so that you wont be ending up on having any problems when it comes to financial. People do really make out adjustments at the moment or time that they do face up some challenges and not on the time or moment that they are still playing midway or already making up a series of loses on which it causes for their capital to deplete out. Actually it all matters about someones control and discipline because on the moment that you have lost your cool and you do tolerate out that kind of emotional burst then you will be ending up on a disaster and this is something that you should be avoiding in the first place. Never go past beyond your limits then you should be just that fine.

[lizarder]

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.

Taking risks in business is different from taking risks in gambling because maybe the implementation pattern is different and we don't have the ability to recognize gambling in a fixed winning capacity. Business has a strategy and maybe we have done some surveys before starting and maybe also know the success rate that won't make our money run out in one day.

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?

For me it is a bad choice because borrowing money from other people to get involved in gambling is a wrong decision. My question is to what extent can you guarantee the success rate in gambling even though you have a strategy? Almost most people who gamble succeed in small bets and when they put in a larger amount of money, they lose everything. So deciding to take out a loan to get involved in gambling is the wrong choice and should be avoided so as not to cause problems.

[TEBTC]

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?

A lot of people has borrowed money to gamble thinking that they will make money but this is what I will not advise people to do as it's not good betting should not get to the point where one has to borrow to satisfy his or her betting emotions as it can lead to one spending more money and even paying of debts and over time someone who constantly borrows money to bet is likely to be a deptor and and face disgrace

One thing people should take note of is that gambling as a business for those who sees it as a way of making money and investment is not sure the probability of gambling bringing back return on investment is one in twenty so people should not take the risk of going to borrow to gamble which is not advisable to do

[MRY]

Anyone who borrows money and just hopes to succeed in gambling is taking a very big risk, because in my opinion it is a decision that can have a negative impact on our finances, although there are people who may have done it, the results are often not favourable and can cause serious financial problems and even give us greater pressure than just losing money from gambling.

Gambling with borrowed money can increase the pressure, stress and also the confusion to paying the loan when we finally lose money in gambling, especially if the borrower charges a large interest rate from the loan and it will only bring us into big problems later that may also affect our family safe.

The first step of managing our finances carefully gives us peace in our daily lives. If we go through the options available, we must have a balance between what we need, and what we can afford to provide. Unearthing health care options that are less likely to be stressful to address, frees up space for financial sustainability. Let’s make every decision that we make given careful consideration and the impact it may have on ourselves and our families. This way we can create peace and certainty to our future by building a bigger sense of responsibility in how we live our lives. One way in that you can have better survival is determination in keeping the financial priorities.

[noormcs5]

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?

First of all, gambling is not something where a person should think that he is the master of it and he will win most of the games and can make a consistent income from it. Even with the most experienced gamblers, success is something which cannot be guaranteed in gambling. It is all a game of probability.

Also I wouldn't call that person a great or brave who will take a loan in order to gamble, rather he is the most stupid person who doesn't know exactly how gambling works and he has unrealistic optimism about gambling.

[Jody.Drummer]

True, that's foolishness, using others money to gamble and doesn't have a secure ROI. I really hate those kinds of people who borrow money just to gamble, so if someone is borrowing money just to gamble means you shouldn't let them borrow because it means they're already addicted to gambling and doesn't have control to their desire to use more money to it.

If you knew someone like that, better to give them a good advice and tell them about the reality.

Yes, it really looks like one of the symptoms of gambling addiction. If we consider the loan from the point of view of a businessman, then he must have a clear plan to repay the interest and the amount that was borrowed, on time. In the case of gambling, there is no such repayment plan. And a bank employee, having learned the purpose of obtaining a loan, will refuse to receive a loan.

How is the person's condition? Does he have more difficulties because of his gambling addiction or does his life seem more comfortable than before?
I think it is impossible for his life to get better when he has borrowed money to participate in gambling, even though he might succeed in getting a big win it will not change his life for the better, in fact what will most likely happen is that he will feel a stronger desire to gamble again and again because he feels that winning easily can make him do risky things again like borrowing money again to gamble again.
And actually it is not recommended to take out a loan just to gamble, this may be done by those who are already seriously addicted to gambling.

[mak013]

Being a gambler and treating it as a business is doomed to fail. It is not wise, it is not brave to take a loan for you to gamble with. What people call that is being dumb. Doing things such as borrowing money to gamble because believing that you're good enough isn't going to work. Many have tried that already and they were able to lose a lot of money and even have more debts to pay. So, if there are people encouraging to do this, think of it if it's suitable to you. But to the real gamblers, they have already taken the risk and they can do this pretty easy.

Sometimes it is possible situation. But it is really rare situation, for rare gamblers, for rare kinds of gambling.
I know few men, who use credit cards for sport betting. But it is their main income and they have no even month with negative balance. But during the month they can lose a week or even two. If they lose their bankroll that time - they use credit card. Credit is just an instrument and we have to use it wisely and in gambling it is much more difficult.
I don`t recommend anybody to borrow money for gambling, it is really one of the silliest things we can do and i myself even never think about it. But i have to mark that there are rare situations when it is possible.

I have never recommended using credit, whether it's a card or the loan itself for gambling. That's putting yourself in a shithole and we don't want to put ourselves into that situation. So, as early as it can be, make sure that we'll control ourselves and never gamble with any loans because it's never been a good idea.

But i see how it works. I never stop to repeat that it is very rare situation and it is not for everybody, but sometimes it works. It is possible if you know how to use it. I don`t ready to repeat it myself and don`t recommend it but we have to remember that there is such instrument.
I avoid credit not only in gambling - i`ve got 3 credits for all my life but all these times it was correct decision.

[taufik123]

-snip-
in fact what will most likely happen is that he will feel a stronger desire to gamble again and again because he feels that winning easily can make him do risky things again like borrowing money again to gamble again.
And actually it is not recommended to take out a loan just to gamble, this may be done by those who are already seriously addicted to gambling.

No one will give it up because the loan will only weigh down before the victory arrives.
Just imagine if the loan taken has a large interest and must be paid within the agreed period,
if you are late in paying, the interest will be higher and a fine will be imposed.

People who are already addicted will not think about such things, all they care about is borrowing and getting money,
they do not think about how to pay the bills that must be paid on time.

In their minds, only a big victory that they thought was almost close, but the reality was that defeat always happened.
Reading a lot of news about people taking out loans to gamble, but they can't pay the loans and their gambling goes bankrupt,
this stresses them out and commits ridiculous acts.

It would be better to stay away from loans to gamble, playing with only the minimum amount of money left.
I personally only play for entertainment only, not for big profits, it's just about having fun.

[Jody.Drummer]

-snip-
in fact what will most likely happen is that he will feel a stronger desire to gamble again and again because he feels that winning easily can make him do risky things again like borrowing money again to gamble again.
And actually it is not recommended to take out a loan just to gamble, this may be done by those who are already seriously addicted to gambling.

No one will give it up because the loan will only weigh down before the victory arrives.
Just imagine if the loan taken has a large interest and must be paid within the agreed period,
if you are late in paying, the interest will be higher and a fine will be imposed.

People who are already addicted will not think about such things, all they care about is borrowing and getting money,
they do not think about how to pay the bills that must be paid on time.

In their minds, only a big victory that they thought was almost close, but the reality was that defeat always happened.
Reading a lot of news about people taking out loans to gamble, but they can't pay the loans and their gambling goes bankrupt,
this stresses them out and commits ridiculous acts.

It would be better to stay away from loans to gamble, playing with only the minimum amount of money left.
I personally only play for entertainment only, not for big profits, it's just about having fun.

People who are addicted usually become more stubborn than before, and they tend to only think about what they want and gambling is one of the things they want the most even though at that time they don't have money but because they are addicted they will find a way to make money and use it to gamble, either by borrowing or stealing, besides that, this addiction can make someone a fairly dangerous person, in my environment there was once a case where a fight occurred because one party who was addicted to gambling borrowed money but his friend did not give a loan and almost lost his life in this incident. I myself insist to myself even though I like to gamble, never think about borrowing money for gambling, because in my opinion when that happens, big bad impacts can follow in a short period of time.

[taufik123]

-snip-
I myself insist to myself even though I like to gamble, never think about borrowing money for gambling, because in my opinion when that happens, big bad impacts can follow in a short period of time.

That's an example of self-control that you need to maintain, as some people will only be interested in borrowing money when they already have no money at all to gamble.

But when you know by borrowing money is a bad move later, then you will only gamble with your ability and not force yourself to keep playing.

After all, if gambling is just a pastime, then use a little money and play as many games as possible with the minimum amount.
Or bet on a sportsbook for a wide variety of matches and only see the outcome that might be profitable, or just be an entertainment that you won't be addicted to.

[Bushdark]

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?

First of all, gambling is not something where a person should think that he is the master of it and he will win most of the games and can make a consistent income from it. Even with the most experienced gamblers, success is something which cannot be guaranteed in gambling. It is all a game of probability.

Also I wouldn't call that person a great or brave who will take a loan in order to gamble, rather he is the most stupid person who doesn't know exactly how gambling works and he has unrealistic optimism about gambling.

Anyone that have the intention of making consistent profits from gambling without any losses might be deceiving themselves.
What money do you intend to earn from gambling? Is gambling just for anyone to make a plan or better still say that they are going to make huge ones from betting and they finally made the money? This is the case, you bet your hard earned money on a particular casino game or sport bets, waiting for the result. If the result actually falls to your predictions, you will make money from betting but if the contrary happens, you are going to lose money.

[bangjoe]

-snip-
I myself insist to myself even though I like to gamble, never think about borrowing money for gambling, because in my opinion when that happens, big bad impacts can follow in a short period of time.

That's an example of self-control that you need to maintain, as some people will only be interested in borrowing money when they already have no money at all to gamble.

But when you know by borrowing money is a bad move later, then you will only gamble with your ability and not force yourself to keep playing.

After all, if gambling is just a pastime, then use a little money and play as many games as possible with the minimum amount.
Or bet on a sportsbook for a wide variety of matches and only see the outcome that might be profitable, or just be an entertainment that you won't be addicted to.

There are so many people in my neighborhood that force themselves to play gambling by borrowing, instead of being paid tomorrow or next week but not paying me and makes me disappointed with them with their behavior, this kind of thing happens in my environment, especially in In 2022 which was very crowded with gambling and not a few people went bankrupt quickly because it touched gambling that was impulsive and not scratched, not a few who became stressed and became a homeless due to the impact of irresponsible gambling so that the permer and moneylenders continued to force them to pay their debts.

Borrowing is a stupid act, it is a way to torture yourself let alone a flowering loan, this will end in destruction, so it is very important to gamble responsibly and use a small money if you do not have large money to do gambling is a wise choice as a gambler.

[Oluwa-btc]

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

There's nothing to trust there when you know what's the end point like, so it's not a do or die affair but then it gets so funny hearing or seeing people borrowing just to gamble and borrowing from gambling to cover up one issue or the other. Taking risk to me has some limits you know and thus borrowing to keep track isn't the way out but rather it's putting you on debts.

[iBaba]

Yes, it really looks like one of the symptoms of gambling addiction. If we consider the loan from the point of view of a businessman, then he must have a clear plan to repay the interest and the amount that was borrowed, on time. In the case of gambling, there is no such repayment plan. And a bank employee, having learned the purpose of obtaining a loan, will refuse to receive a loan.

Borrowing funds to play gambling games might not be generally bad to me, but it will all depend on the nature of gambling game the person in question is using the funds for. For gambling games which are completely based on luck like the slot games, I  won't see any reasons to why the gambler will borrow money to invest in the gambling game for the sake of making profits. Maybe, I will be more soft on games like Poker and Blackjack that will require skills than the usual luck. For these kind of gambling it will sound more proper to me for anyone to try to borrow money to expect results than the otherwise.

[Rockstarguy]

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?

Having so much confidence in your gambling skill can dissapoint you at last because gambling is unpredicted. Gambling is different than business,  when you take loan for business their are good chances that the business will be profitable in which the loan that was collected can be paid back, but in gambling it is just different because you can't tell what the outcome of a game will be like, so it is a big risk to take loan to gamble , it is not a reasonable step. It is wise in gambling when you gamble with your own money and especially with the amount that you can afford to lose.