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

[Judith87403]

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?

Remember as a gambler is always advisable to stake with what you can afford not staking with what you can't afford, is only those who are addicted to gambling that will think of borrowing money just to use it to gamble. remember there's nothing like strategy as Long as gambling is concern, rather is only by knowing the right options to play. If I May ask what strategy did you think one can use when gambling? Is it by chosing those lower odd or by choosing the regular options? You know sometime this strategy can still fail you. Let's say you keep playing with smaller amount of money and you have been wining, the very moment you decide to bet with a huge amount of money that's when you're going to experience lose then you will be thinking that they planned it, of course most people always have this feeling whenever they bet using a huge amount of money let's say maybe it didn't work out the way they expected, this is why is always advisable to stake with what you can afford gambling is just a game of luck

[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.

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.

yes it is real.  The guy had gambling issues.

Now USA lotteries are not what they appear to be. The first one was 7 million to be paid over 20 years or lump sum of around 3.4 million which in turn is taxable at about 33% so it nets 2-2.2 million.

The second one nets about 667,000.

Still 2.7 or 2.8 million paid off in taxes is a lot of money.

He quit his 100k a year job and started a business that went broke the wife divorced him and he is now a janitor at Newark Airport in NJ.

Most people do not realize that USA major lottery winners are degenerate gamblers.

Ie a normal guy or girl buys a ticket a week at most.

A degenerate player plays 100 or more tickets a week.

So they are more likely to win it.

and when they win it they are still degenerates. They guy I know was still playing after the bigger hit.. That means he is a degenerate. Even though he hit again. He quit a high paying good job as an  IRS agent.  Meanwhile he could have took the yearly payments of 9,000,000/20 = 450,000 a year. for 20 years and still worked collecting the checks from work and mocking his bosses.

It is a sad tale.

[LUCKMCFLY]

From all this, the answers I've seen in the thread, I think a risk that I would consider good is not borrowing to bet in a casino, no, that or I see it as the biggest stupidity of a human being, but something risky and that I would not see so bad even though it is a risk, would be to borrow to buy BTC and wait, obviously paying the interest and capital as everything should be, but that is something that I would say is not so bad in my opinion, because in the end it will be a great investment and if the btc goes up at least for this first quarter it would be a well-rewarded risk.

[Litzki1990]

If your plan is to fulfill all your dreams by gambling then I suggest you at least get out of that plan. You have to think of alternatives for managing your family and fulfilling your dreams. Gamblers decide to gamble when they have a certain amount of income and a portion of that income they spend on gambling will not have a negative economic impact on them. But if the gambler here thinks that by gambling he will fulfill all his dreams then I think he will not succeed in his aim. The future of gambling is uncertain, no matter how much you gamble using your skills, you cannot be sure that you will earn this amount of money at the end of a month of regular gambling. So first find a source of income and then try gambling alongside it will be the right decision for you.

[ethereumhunter]

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.

When we know that the loses will always come around, we must always control our funds and when our funds is gone, we should not think to borrow money especially to keep playing gambling. That will not gives us guarantee to win whether you use your our own money or borrow money so it is better just to playing gambling moderately and stop gambling when your funds is almost runs out. We may lucky but there is no guarantee we can still lucky in the next rounds so we must know ourselves and always limiting our gambling activities. So when you borrow money but you lose that money, we will difficult to pay the money especially if we don't have an income that can help us to cover the borrow money.

[MusaPk]

Remember as a gambler is always advisable to stake with what you can afford not staking with what you can't afford, is only those who are addicted to gambling that will think of borrowing money just to use it to gamble. remember there's nothing like strategy as Long as gambling is concern, rather is only by knowing the right options to play. If I May ask what strategy did you think one can use when gambling? Is it by chosing those lower odd or by choosing the regular options? You know sometime this strategy can still fail you. Let's say you keep playing with smaller amount of money and you have been wining, the very moment you decide to bet with a huge amount of money that's when you're going to experience lose then you will be thinking that they planned it, of course most people always have this feeling whenever they bet using a huge amount of money let's say maybe it didn't work out the way they expected, this is why is always advisable to stake with what you can afford gambling is just a game of luck

Borrowing money to gamble is not an act of brave but risky thing which must be avoided in all circumstances. Just put small money in betting on weekend which you can easily forget and you are all good. Don't take betting seriously as majority come out loser. It's nothing new that if you also come out loser in gambling.

That's how everything is designed in gambling, you may win with small money but when you come up with huge money then you lose. The casinos not only take your big money but also the small wins of the past. Just be careful with whatever strategy you adopt for gambling.

[LogitechMouse]

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've also felt this in trading.
I felt that I already found a working strategy for me when I doubled my money, but I was wrong because in the end, I lost all of my money in an instant.

It's the same with gambling, you might've found the strategy that works for you, but that doesn't mean that it will work for you 100%. Whenever I gamble, I always make sure that it's my money and not others because that will double the consequences, and the regrets that you will be facing. Imagine you losing your money which might affect you negatively plus you need to pay money you borrowed which might affect you mentally as well.

As much as I want to trust myself, I still don't want to risk it. I always believe that "the slower, the better" especially in gambling. The slower, as long as it's a bit safer, the better.

[Dewi Aries]

Remember as a gambler is always advisable to stake with what you can afford not staking with what you can't afford, is only those who are addicted to gambling that will think of borrowing money just to use it to gamble. remember there's nothing like strategy as Long as gambling is concern, rather is only by knowing the right options to play. If I May ask what strategy did you think one can use when gambling? Is it by chosing those lower odd or by choosing the regular options? You know sometime this strategy can still fail you. Let's say you keep playing with smaller amount of money and you have been wining, the very moment you decide to bet with a huge amount of money that's when you're going to experience lose then you will be thinking that they planned it, of course most people always have this feeling whenever they bet using a huge amount of money let's say maybe it didn't work out the way they expected, this is why is always advisable to stake with what you can afford gambling is just a game of luck

Borrowing money to gamble is not an act of brave but risky thing which must be avoided in all circumstances. Just put small money in betting on weekend which you can easily forget and you are all good. Don't take betting seriously as majority come out loser. It's nothing new that if you also come out loser in gambling.

That's how everything is designed in gambling, you may win with small money but when you come up with huge money then you lose. The casinos not only take your big money but also the small wins of the past. Just be careful with whatever strategy you adopt for gambling.

Yes that's right, brave and reckless are two different things, and when someone borrows money to gamble then it means that they are too reckless and not because they are brave because in any case that action should be avoided by every gambler because it is the same as directing themselves to a much greater risk when in the end the result is still lost. Honestly, sometimes I don't understand how gamblers think who are desperate to take out loans just to gamble, basically gambling is certainly a risky activity where the risk can be much higher when we treat it the wrong way such as forcing ourselves to borrow money just to gamble.

As you said that an activity that depends on probability should not be done too seriously because in the end it will only waste a lot of money and time, I'm sure they already know this but maybe the problem is that they have not experienced a significant downturn from the impact of gambling, because usually someone will only realize that they have made a mistake when they have felt the impact.

[Dr.Bitcoin_Strange]

From all this, the answers I've seen in the thread, I think a risk that I would consider good is not borrowing to bet in a casino, no, that or I see it as the biggest stupidity of a human being, but something risky and that I would not see so bad even though it is a risk, would be to borrow to buy BTC and wait, obviously paying the interest and capital as everything should be, but that is something that I would say is not so bad in my opinion, because in the end it will be a great investment and if the btc goes up at least for this first quarter it would be a well-rewarded risk.

That's exactly how I felt when I read through this topic and also through some comments. It doesn't make any sense to take such kind of risk all for the sake of fulfilling some gambling urge or to make money, instead I will rather invest such loan on Bitcoin, like you said, by so doing, I am guarantee of the expected profit and also guaranteed that my money  will not waste. If I put such loan money in gambling and lost it, that's a waste of capital.

[babygun]

From all this, the answers I've seen in the thread, I think a risk that I would consider good is not borrowing to bet in a casino, no, that or I see it as the biggest stupidity of a human being, but something risky and that I would not see so bad even though it is a risk, would be to borrow to buy BTC and wait, obviously paying the interest and capital as everything should be, but that is something that I would say is not so bad in my opinion, because in the end it will be a great investment and if the btc goes up at least for this first quarter it would be a well-rewarded risk.

That's exactly how I felt when I read through this topic and also through some comments. It doesn't make any sense to take such kind of risk all for the sake of fulfilling some gambling urge or to make money, instead I will rather invest such loan on Bitcoin, like you said, by so doing, I am guarantee of the expected profit and also guaranteed that my money  will not waste. If I put such loan money in gambling and lost it, that's a waste of capital.

In crypto there a re no guaranteed profits; bitcoin could crash over night massively and it could take years to recover. Taking a loan for gambling, crypto, stocks is never a good idea and is one of the most basic rules that an investor should know.

[swogerino]

From all this, the answers I've seen in the thread, I think a risk that I would consider good is not borrowing to bet in a casino, no, that or I see it as the biggest stupidity of a human being, but something risky and that I would not see so bad even though it is a risk, would be to borrow to buy BTC and wait, obviously paying the interest and capital as everything should be, but that is something that I would say is not so bad in my opinion, because in the end it will be a great investment and if the btc goes up at least for this first quarter it would be a well-rewarded risk.

That's exactly how I felt when I read through this topic and also through some comments. It doesn't make any sense to take such kind of risk all for the sake of fulfilling some gambling urge or to make money, instead I will rather invest such loan on Bitcoin, like you said, by so doing, I am guarantee of the expected profit and also guaranteed that my money  will not waste. If I put such loan money in gambling and lost it, that's a waste of capital.

In crypto there a re no guaranteed profits; bitcoin could crash over night massively and it could take years to recover. Taking a loan for gambling, crypto, stocks is never a good idea and is one of the most basic rules that an investor should know.

Not only that but gambling is a high risk game which tend to favor, in fact always favor the house in the long run because the house has put in place the RTP to make sure that everyone loses over the long run. Brave enough people to understand that can learn that if they want to gamble, they gamble money they can afford to lose and never take loans to fulfill such desire, in fact in order to stop gambling addiction to grow this money that we can afford to lose in gambling it is better to hit it in a few bets with big amounts and call it a day, the more we keep playing the more we are exposed to gambling addiction over the long run.

[Cookdata]

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?

Anyone that borrow money and think he is going to fulfill that his dream will hardly make it. If you think you can really make it from gambling then you can equally wait and get that money to gamble because you are gambling which comes with emotion attach, you wouldn't be able to think straight knowing well enough thag every penny that you wager is on tick time bomb. It's not like there is assurance or anything, not sure I can be even confidence to borrow money to start a business that I may able to get back some money if eventually things go wrong.

If you are gambling, there is no way there wouldn't be some certain or degree of emotions, and then you introduce money that which is going to be a kind of set back in every decisions that you make, it better you don't even do it. Look for the money you want to use to gamble, even if it's an amount you can't afford to lose, it's better that way than go outside to borrow money you don't have to pay back.

[sompitonov]

From all this, the answers I've seen in the thread, I think a risk that I would consider good is not borrowing to bet in a casino, no, that or I see it as the biggest stupidity of a human being, but something risky and that I would not see so bad even though it is a risk, would be to borrow to buy BTC and wait, obviously paying the interest and capital as everything should be, but that is something that I would say is not so bad in my opinion, because in the end it will be a great investment and if the btc goes up at least for this first quarter it would be a well-rewarded risk.

That's exactly how I felt when I read through this topic and also through some comments. It doesn't make any sense to take such kind of risk all for the sake of fulfilling some gambling urge or to make money, instead I will rather invest such loan on Bitcoin, like you said, by so doing, I am guarantee of the expected profit and also guaranteed that my money  will not waste. If I put such loan money in gambling and lost it, that's a waste of capital.

Well, of course, borrowing money for gambling is not the smartest move, because absolutely no one knows whether this player will be able to win. Sometimes the one who lends money is not interested in why this person needs it, but if the credit institutions or friends of this player knew this, they would never lend it to him. More precisely, because of the high risk of non-repayment, the interest would be even higher than usual. But players under the influence of excitement, very often lie even to their closest friends, unfortunately. The result can be lack of money and loss of friends, the stakes are too high and if the player is ready to take this risk, then I would most likely call him not the smartest person.

[Victorybit1]

This is too much of a risk to take, gambling with borrowed money is unwise if you ask me because you are risking a lot and it's a precarious situation you are putting yourself in. Gambling is all about getting lucky and this is something that cannot always happen, so before using a borrowed money to gamble ask yourself, what if you lose the bet? This is something gamblers don't ask themselves because all they care about is satisfying their gambling urge forgetting that they might deal with debt issues later on. A lot of people contemplate suicide in situations like this, so don't think about borrowing money from anywhere to gamble.

[Dewi Aries]

That's exactly how I felt when I read through this topic and also through some comments. It doesn't make any sense to take such kind of risk all for the sake of fulfilling some gambling urge or to make money, instead I will rather invest such loan on Bitcoin, like you said, by so doing, I am guarantee of the expected profit and also guaranteed that my money  will not waste. If I put such loan money in gambling and lost it, that's a waste of capital.

Well, of course, borrowing money for gambling is not the smartest move, because absolutely no one knows whether this player will be able to win. Sometimes the one who lends money is not interested in why this person needs it, but if the credit institutions or friends of this player knew this, they would never lend it to him. More precisely, because of the high risk of non-repayment, the interest would be even higher than usual. But players under the influence of excitement, very often lie even to their closest friends, unfortunately. The result can be lack of money and loss of friends, the stakes are too high and if the player is ready to take this risk, then I would most likely call him not the smartest person.

Well that's what makes me feel confused about why there are always some gamblers who even dare to borrow money just to gamble, even though there is absolutely no coercion or even threats from the casino that tell gamblers to keep betting even though they have run out of money, in the end all decisions are still in the hands of the gambler, so it all depends on yourself but unfortunately even they themselves don't know what to do and what to avoid when becoming a gambler, but I am very sure that the action was taken because of a strong urge from emotion and usually actions like this happen when they feel upset because of the previous defeat they experienced, the inability to accept the fact of defeat makes gamblers lose their minds.

And yes I also quite agree with your opinion that if for example the borrower knows that the money will be used for gambling then most likely they will not give it, unless for example the gambler borrows money from an agent or like a local bank by including assets as collateral, in the end gambling using borrowed money will actually only lead a gambler to two risks, first annoyance and anger when it turns out the results are still lost and second they have to pay the amount of the loan along with the interest and of course there will definitely be a lot of pressure that they will feel in that situation, the point is my advice is never to prioritize something that runs based on probability.

[Accardo]

This is too much of a risk to take, gambling with borrowed money is unwise if you ask me because you are risking a lot and it's a precarious situation you are putting yourself in. Gambling is all about getting lucky and this is something that cannot always happen, so before using a borrowed money to gamble ask yourself, what if you lose the bet? This is something gamblers don't ask themselves because all they care about is satisfying their gambling urge forgetting that they might deal with debt issues later on. A lot of people contemplate suicide in situations like this, so don't think about borrowing money from anywhere to gamble.

Isn't it tiring thinking of the losses and ways to resolve the debt. That could cause the person lots of emotional troubles which may result to applying a terrible solution as to hurting themselves. The idea of borrowing money isn't great because of the reality of gaming. How uncertain it is, players should learn to avoid furthering gambling when on a low bankroll.

[mirakal]

If your plan is to fulfill all your dreams by gambling then I suggest you at least get out of that plan. You have to think of alternatives for managing your family and fulfilling your dreams. Gamblers decide to gamble when they have a certain amount of income and a portion of that income they spend on gambling will not have a negative economic impact on them. But if the gambler here thinks that by gambling he will fulfill all his dreams then I think he will not succeed in his aim. The future of gambling is uncertain, no matter how much you gamble using your skills, you cannot be sure that you will earn this amount of money at the end of a month of regular gambling. So first find a source of income and then try gambling alongside it will be the right decision for you.

Gambling itself is risky. Do not increase the risk by borrowing funds that you plan to gamble in order to maximize your winning bets, no matter how skillful you are, that won’t still guarantee that you’ll consistently win and end up in massive profits. Maybe it’s fine if you could just gamble on your extra savings rather than borrowing some funds, because once you lose the capital, believe me, you’ll regret the idea of borrowing that money, and now you’re actually facing another problem on how to repay that, most especially if you don’t have a stable job that will give you fixed amount of income at a regular basis.

[Awaklara]

Gambling itself is risky. Do not increase the risk by borrowing funds that you plan to gamble in order to maximize your winning bets, no matter how skillful you are, that won’t still guarantee that you’ll consistently win and end up in massive profits. Maybe it’s fine if you could just gamble on your extra savings rather than borrowing some funds, because once you lose the capital, believe me, you’ll regret the idea of borrowing that money, and now you’re actually facing another problem on how to repay that, most especially if you don’t have a stable job that will give you fixed amount of income at a regular basis.

gamblers who have borrowed funds to gamble must be in a difficult financial situation. as well as their gambling situation which may be addictive. they will not care about the multiple risks of the loans they make.
gamblers who do this are not good at managing their finances. even with the guarantee that gamblers will get a salary that can pay off the loan, their lives will continue to be like that. borrowing to gamble, paying it off, then borrowing again.

[Asuspawer09]

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'm not going to borrow money for gambling, starting a business or something like trading is surely different from gambling even though they have some kind of similarities, The gambling outcome is most likely going to be a huge loss on your end, so borrowing money or loaning just to gambling was a bad idea for sure, loaning or borrowing money for a business is different since it has a higher rate of success not to mention it has skills, if you really know what you are doing you study your business, marketing, sales, etc. it surely has a high chance of succeeding. Some people also say that gambling and trading are mostly similar, but for me, trading includes some kind of skills, like some kind of analysis, news, and research,,h etc. in order to get a higher chance of winning a trade, the difference between gambling is it is almost a lost every time.

And I dont really think that you could fulfill your dream of gambling even though there are some people that are just lucky that actually win huge amounts of money on gambling, still if they win it doesnt mean that you are going to win as well.

[Sticky Bomb]

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 believe in borrowing money to service my gambling desires, it's more like treating gambling like a business which it clearly isn't. There's no definite ROI and it's not to be called a form of investment.

In worst case scenarios, a gambler should only trust his strategies on a peer-to-peer gambling activity and never sports betting or casino based games like roulette, horse races e.t.c.  that the gambler isn't directly involved in