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

[Jaycoinz]

Not too long ago I came across a thread narrating how a man killed himself after losing 2.5 million in gambling of which the most part of the money were borrowed, he killed himself not because he wanted to but because he was under pressure. This isn't an excuse for suicide but it can happen to anyone, we are humans with emotions so feeling that way would be inevitable all you need to work on is your mindset and the ability to control yourself. Instead of putting yourself under such an unnecessary pressure it's better to just use your money to gamble instead of borrowing money for it, because it's not something that's guaranteed.

[Ultegra134]

Not too long ago I came across a thread narrating how a man killed himself after losing 2.5 million in gambling of which the most part of the money were borrowed, he killed himself not because he wanted to but because he was under pressure. This isn't an excuse for suicide but it can happen to anyone, we are humans with emotions so feeling that way would be inevitable all you need to work on is your mindset and the ability to control yourself. Instead of putting yourself under such an unnecessary pressure it's better to just use your money to gamble instead of borrowing money for it, because it's not something that's guaranteed.

I highly doubt that anyone wants to have this kind of ending. Someone who resorts to such a permanent measure is desperate and under a lot of stress and pressure. However, borrowing money just to gamble is another form of gambling itself, it's extremely risky, careless and the recipe for disaster. It's better to acknowledge that you're addicted and seek help rather end up in debt, or even worse, dead, just like you mentioned.

The OP is asking if it would be a wise thing to borrow money to fulfill our dreams through gambling, because we trust our gambling skills. First of all, I don't know from where to start, there are so many wrong things in a single sentence that I'm dumbfounded. What gambling skills? Does it really take any skills, apart from sports betting perhaps or card games? It's not an investment, why are people portray it as such? Going in debt is rarely the solution, unless we're talking about real estate perhaps, but on gambling? Come on.

[Makus]

Not too long ago I came across a thread narrating how a man killed himself after losing 2.5 million in gambling of which the most part of the money were borrowed, he killed himself not because he wanted to but because he was under pressure. This isn't an excuse for suicide but it can happen to anyone, we are humans with emotions so feeling that way would be inevitable all you need to work on is your mindset and the ability to control yourself. Instead of putting yourself under such an unnecessary pressure it's better to just use your money to gamble instead of borrowing money for it, because it's not something that's guaranteed.

That is an experience we shouldn't  pray for, borrowing  such a huge amount  all in the name of gambling when you are sure there is no external  source of money that can be use to compensate for losses  if it arises. Gambling with borrowed fund is not thing and I don't  give it a second thought, because  I know how disastrous  it can be when one get to addiction  to the extent of borrow  to fuel his passion. Sometimes they aren't  all that addicted but just wanted to try in doubling the money, the pay back what they borrowed. But you see, luck isn't  always on our side, and if I'm  honest it has never really  brought satisfaction to us because  the more you win, is the more you want to win bigger and it will get to a point were you start losing drastically until you have exhausted  all the money you won.

[junder]

That is an experience we shouldn't  pray for, borrowing  such a huge amount  all in the name of gambling when you are sure there is no external  source of money that can be use to compensate for losses  if it arises. Gambling with borrowed fund is not thing and I don't  give it a second thought, because  I know how disastrous  it can be when one get to addiction  to the extent of borrow  to fuel his passion. Sometimes they aren't  all that addicted but just wanted to try in doubling the money, the pay back what they borrowed. But you see, luck isn't  always on our side, and if I'm  honest it has never really  brought satisfaction to us because  the more you win, is the more you want to win bigger and it will get to a point were you start losing drastically until you have exhausted  all the money you won.

have external sources of money or do not have external sources of money I think no one recommends borrowing money for the reason of gambling, someone who has external sources of money and likes to gamble and when he gambles and runs out of money to gamble then has the idea of ​​borrowing money to gamble and plans to pay it off later from the external sources of money he has, in my opinion, is behavior that should not be done.

Gambling basically does involve luck, so it is true that as you say luck can be said to depend on luck and luck will not always be on your side besides that don't expect luck to give us certain benefits, because no one knows when luck will be on your side.

[Jody.Drummer]

Not too long ago I came across a thread narrating how a man killed himself after losing 2.5 million in gambling of which the most part of the money were borrowed, he killed himself not because he wanted to but because he was under pressure. This isn't an excuse for suicide but it can happen to anyone, we are humans with emotions so feeling that way would be inevitable all you need to work on is your mindset and the ability to control yourself. Instead of putting yourself under such an unnecessary pressure it's better to just use your money to gamble instead of borrowing money for it, because it's not something that's guaranteed.

Yes, that case is indeed in another thread, and the incident or news about someone committing suicide has happened more than once, this is because they are indeed under excessive pressure so that the main perpetrator himself is not strong enough to face it but that would not happen if they had self-control in gambling, because I think the reason they get excessive pressure is because of their own actions which are indeed gambling unhealthy, one of which is daring to borrow money and use it for gambling. Instead of wanting to turn things around, it actually makes them even further below normal conditions. That's why we must be able to apply disciplined limits such as not gambling excessively, which is like many cases that have happened by forcing ourselves to gamble using borrowed money.

[bakasabo]

Not too long ago I came across a thread narrating how a man killed himself after losing 2.5 million in gambling of which the most part of the money were borrowed, he killed himself not because he wanted to but because he was under pressure. This isn't an excuse for suicide but it can happen to anyone, we are humans with emotions so feeling that way would be inevitable all you need to work on is your mindset and the ability to control yourself. Instead of putting yourself under such an unnecessary pressure it's better to just use your money to gamble instead of borrowing money for it, because it's not something that's guaranteed.

I think you have misunderstood that story a little bit. That man was not under pressure to of returning debt, he was living whole life in poverty. He took money, lost and committed suicide. That wasnt a long period from took money-committed suicide. I am used to people being under pressure for a very long period, before making radical moves. Important is the fact he has lost 2.5 million Naira, not Euro or USD. That is $1.5k, and he has borrowed around $800 only. In the google I have found that average salary in Nigeria is around $200. Which makes this guy kind a stupid, as he has committed suicide only for 4 month salary debt. It might be rude if I speak like that, but ending life because of 4 month salary? Those money does not look like a life changer. He was only 31 years old. He had whole life ahead to earn those $800.

[ethereumhunter]

That is an experience we shouldn't  pray for, borrowing  such a huge amount  all in the name of gambling when you are sure there is no external  source of money that can be use to compensate for losses  if it arises. Gambling with borrowed fund is not thing and I don't  give it a second thought, because  I know how disastrous  it can be when one get to addiction  to the extent of borrow  to fuel his passion. Sometimes they aren't  all that addicted but just wanted to try in doubling the money, the pay back what they borrowed. But you see, luck isn't  always on our side, and if I'm  honest it has never really  brought satisfaction to us because  the more you win, is the more you want to win bigger and it will get to a point were you start losing drastically until you have exhausted  all the money you won.

We will not suggest them to borrow money to gambling because the risk will be bigger. Maybe they don't realize with the risk so we can explain to them what will happen if they get the problem while they don't have money to repay the money. Gambling with borrowed money can make you difficult to give back the money whether you have an income that you can use to pay.

Someone who addicted to gambling and use borrow money to gambling will gets more problems because they will not win from gambling easily. They can lose all of that money while he can not repay the borrow money.

[Makus]

That is an experience we shouldn't  pray for, borrowing  such a huge amount  all in the name of gambling when you are sure there is no external  source of money that can be use to compensate for losses  if it arises. Gambling with borrowed fund is not thing and I don't  give it a second thought, because  I know how disastrous  it can be when one get to addiction  to the extent of borrow  to fuel his passion. Sometimes they aren't  all that addicted but just wanted to try in doubling the money, the pay back what they borrowed. But you see, luck isn't  always on our side, and if I'm  honest it has never really  brought satisfaction to us because  the more you win, is the more you want to win bigger and it will get to a point were you start losing drastically until you have exhausted  all the money you won.

We will not suggest them to borrow money to gambling because the risk will be bigger. Maybe they don't realize with the risk so we can explain to them what will happen if they get the problem while they don't have money to repay the money. Gambling with borrowed money can make you difficult to give back the money whether you have an income that you can use to pay.

Someone who addicted to gambling and use borrow money to gambling will gets more problems because they will not win from gambling easily. They can lose all of that money while he can not repay the borrow money.

It’s good for them to understand that wining in gamble is not as easy as they think and sometimes we loss more than what we win. Borrowing to gamble only make you become owe more money and if you add that to the money you’ve Lost so far, you might feel depressed and bad things may happen just as jaycoin stated earlier it could happen to anyone but we can prevent it by gambling with what we can afford to lose without letting the money have effect on our emotions. It’s best to take precautionary measures than to try in getting out of such situations.

[Oluwa-btc]

Gambling isn't like starting a business. It's not an investment, neither a job, so the approach must be completely different. You should only borrow money if you know how you are going to recover that sum of money later to repay the loan. And in gambling, you never know if you are going to win or not, so it's definitely not a safe source of income. More than 90% of gamblers are going to lose, doesn't matter how hard they try to develop their "skills".

Actually, it's a game of luck with a disadvantage for gamblers on every bets they make, so skills play too little on this matter. Skills will only help you to manage your bankroll more efficiently, making it last longer, while avoid harsh losses which drain all your money at once.

Honestly,some gambling practices and strategies should not be acknowledged and attempted in the gambling space.Borrowing to gamble is an intentional risk attempt and it should be avoided completely.The essence of the forum is for learning but alas, people still end up learning and practicing what they should be avoiding in the first place.We know what to adhere to and refrain from,it's that simple.

[boltz]

I once made this mistake and borrowed some money from my friends in order to bet in UCL finals a couple of years ago and ended up losing and took me several months to repay the loan. After that , never again and if I do take loans , I never gamble those money because I know losing gambling money is one of the hardest paths to get them back by just working on your daily job.

But hey , as long as you think you can win and become rich by gambling...you can do it but my personal advice would be to never gamble by taking loans. 

[348Judah]

Do you actually called this braveness or stupidity, borrowing money to gamble in a bid to fulfilling ones dream, is that even encouraging to do, you're not considering money to do business but on gambling which you are most likely to lose, then later comes in several thoughts on suicides and so on, the earlier the better for us to realize why we should not put ourselves into trouble, if you don't have money, then don't borrow.

[Dewi Aries]

Well, we should consider winning in gambling as nothing more than a bonus, everything that runs based on probability should not be too expected because after all we will never know when the results will come to us and honestly I also have almost the same approach as you which is no matter how much the winnings are as long as it exceeds the amount of capital I deposit then I really don't mind making a withdrawal immediately because after all my principle is prevention is better than cure, or simply it is better to come out with a small amount of winnings than losing everything or compared to getting nothing, but honestly I don't agree with the opinion in your last statement about daring to borrow money to finance gambling activities because in my opinion if for example you don't have money to gamble then of course it's better for you not to gamble.

Just really indeed a bonus on which its something that you can be able to gain up while you are really that enjoying the game. This is why it is really that important that you do really know on what you are doing or really that be wary about the probabilities on losing up on the moment or time that you do gamble. When you do have that kind of approach towards gambling then gambling wont really be that making you having some issues when i comes to financial because most of the time on where you will be having that kind of main problem at the time or moment that you will be having some problems specially with finance and thats why it is really that most better that you do really know on what you are doing or dealing with.

Gambling should really be that for fun and entertainment and never ever make have that kind of consideration on trying out to make money with it or seriously eager to take up such step because if it was that meant for seeking out for money making then you are really that putting up yourself on such huge problem and this is something that must be avoided at the first place. Gamble for fun and not for money because winning up is really just that a bonus or something you can indeed say that you are able to have some fun while you do have that chance on winning up. If ever you do lose then you can just simply think off that you are paying for the fun that you have obtained or experienced.

Right, that's the reason why we must first know and understand what and how the activity we are currently engaged in is, having a rational point of view from the start of being involved in gambling or in any activity is something that must be done by someone because that way they should not misunderstand what and how gambling really is and it will also be able to prevent them from making the wrong decision in the sense that they will be more alert and remain safe in the long run. Honestly, I really don't understand why there are always some people who make gambling a place to earn income, they don't think that if gambling could be used as a place to earn income consistently, then there would have been so many people who turned into rich people, but in fact that never happened, as I said before that everything that depends on probability can never be relied on and that's why we always advise anyone to just make it as entertainment to fill their free time.

[philipma1957]

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?

If you trust your gambling skills and think it is just like starting a business your are delusional.

The very definition of gambling is the odds are against  you and in the long run you will lose.

[ethereumhunter]

It’s good for them to understand that wining in gamble is not as easy as they think and sometimes we loss more than what we win. Borrowing to gamble only make you become owe more money and if you add that to the money you’ve Lost so far, you might feel depressed and bad things may happen just as jaycoin stated earlier it could happen to anyone but we can prevent it by gambling with what we can afford to lose without letting the money have effect on our emotions. It’s best to take precautionary measures than to try in getting out of such situations.

Losing more than we win will be happen to us especially for those who cannot control themselves. But if you already loss and decide to borrow money to keep playing gambling, it will be bad decision because gambling is not a place to make money. That will make you in a difficult situation where you will also difficult to pay the borrow money if you loss which that can happen easily. Yes, that can happen to anyone so instead borrow money from other people, you should allocates some money to playing gambling and stop gambling when your money is almost runs out.

[Bitcoinsummoner]

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?

Gambling is a trap. The easier it is to fall into this trap, the harder it is to get out. Winning small games is another trap for them. When someone wins small amounts, confidence builds up in them. Because of this confidence, they are not afraid to invest large amounts. And whenever they invest large amounts, they suffer losses. Maybe they invest all their assets there or maybe they borrow from someone and invest there. One fear always works in them, if they lose, how will they protect all their assets or how will they repay the loan amount? Thinking about this, they end up losing.

So I would say, winning small amounts can have two meanings, one is that it can be the key to progress by increasing their own confidence or they can lose everything and become a beggar on the street.

[philipma1957]

I worked with a guy that won a 7 million lottery and a month later won a 2 million lottery.

grand total 9 million.  He is dead broke and divorced now.

[Wapfika]

I worked with a guy that won a 7 million lottery and a month later won a 2 million lottery.

grand total 9 million.  He is dead broke and divorced now.

Is this for real? That 9M in total is already enough to sustain a family needs for the rest of their life even if they spend above average on foods. They can live a very luxurious life if they will just not over spend on luxury things that is not a necessity.

I bet that he purchased a lot of unnecessary things such as a yacht, prostitute and other things that made his family broken.

Is there any article that we can read the complete details of his life since his luck experience is extraordinary.

[I_Anime]

I worked with a guy that won a 7 million lottery and a month later won a 2 million lottery.

grand total 9 million.  He is dead broke and divorced now.

Damn... I think he relied on his gambling life alone that's the reason endup like this (been broke and divorced ), if he had use the money for some kind of business he would have still have something to run to if it comes to the worst.

Some folks would have try to stop or reduce the huge of gambling after such wins , to focus on living a healthy lifestyle, that's the reason I kept telling folks that gambling is not something one can take as a such of earning or something, just take as something to while away time .

[gunhell16]

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?

I don't think I have any gambling skills, because all I think about most of the time is just for entertainment. Even though I often lose when I gamble, I don't often gamble on crypto gambling.

But I don't do it by borrowing money and then using it to gamble. Because that's not okay, borrowing just to fulfill your vice, I'm not that kind of gambler. The only ones who do that are probably those who have a gambling addiction.

[Makus]

It’s good for them to understand that wining in gamble is not as easy as they think and sometimes we loss more than what we win. Borrowing to gamble only make you become owe more money and if you add that to the money you’ve Lost so far, you might feel depressed and bad things may happen just as jaycoin stated earlier it could happen to anyone but we can prevent it by gambling with what we can afford to lose without letting the money have effect on our emotions. It’s best to take precautionary measures than to try in getting out of such situations.

Losing more than we win will be happen to us especially for those who cannot control themselves. But if you already loss and decide to borrow money to keep playing gambling, it will be bad decision because gambling is not a place to make money. That will make you in a difficult situation where you will also difficult to pay the borrow money if you loss which that can happen easily. Yes, that can happen to anyone so instead borrow money from other people, you should allocates some money to playing gambling and stop gambling when your money is almost runs out.

In gamble there is no way we can controll our loses, the only thing we can do is to limit our gambling rate, thereby reducing the amout used in gsmbling. The loses will always come around even more than the win, that is just hoe the system work and we cant do anything to stop that, though we can be lucky sometimes to compensate the loses for that moment, but it wont last forever. However gambling with our own money can sometimes be frustrating, how then would using a borrow fund be?  I'll never advise anyone into gambking with borrow fund because it will only lead you to oweing more debth.