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

[AmoreJaz]

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.

Haven't done that as well as I already know the worst case scenarios that I will put myself in if in case I haven't gotten back the money and lost it. Would be very hard to be in the situation where you don't know how to get money to pay for your borrowed money. No one can just lend you without collateral or some type of compromise.

Make sure you won't go to the route of borrowing money when it comes to gambling. Because you may regret the repercussions if you will go to this path. Hard to resolve your situation if the lenders are chasing you and you have nothing to offer.

[sunsilk]

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?

Risk in business and risk in gambling are two different risks to take. I have no balls to take a loan just to sustain my gambling ambition so that I can earn a lot of money on it.

Nothing beats hard work and the normal process of going through a typical business and making it stable there.

So, if I am going to take a loan, I'd only do that to fund any extension of my business and not gambling and I won't even do that to start out a business.

[KTChampions]

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?

Is there a guarantee that you have correctly assessed the performance of your strategy? If you do a minimum of research, you will find that many bettors/traders thought so and most of them turned out to be wrong. Taking out a loan and taking on increased risk is not worth it; to begin with, I would test my strategy on small amounts, although even success in this test would not be a guarantee.

[Issa56]

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?

No matter how skillful we are, gambling is not what we should be confident about, we might end up losing when we don’t even expect a loss, so gambling should be done with your money, and the amount, which if you lose, it’s not really going to affect you. If you are gambling and you are taking huge risks, don’t be surprised that whenever you end up winning, it might not be up to the amount that you have lost, so I don’t think it’s really worth taking the risk, it’s just better you take little risks, and whenever you win, then you can use the amount that you win to take care of anything you want to do. You might want to fast track your success, but things might end up failing, so always avoid loans when gambling.

[Miles2006]

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?

Honestly there’s no perfect skill, firstly I don’t trust my skill and even if taking a loan is the least mistake I will ever make. Mistake are meant to happen especially when we believe winning is a must, no one can force a win so why the wrong impression at the first place? At most situation it’s best said someone is ignorant not minding the level of risk they take. Aside the fact expert advise generally in terms of gambling what you can avoid to lose it’s not a joke because at the time one can’t repay their loan or create something beneficial just because of debt and gambling lose, I can’t deny the fact most people are lucky yet I’m more careful when it comes to gambling.

[Oluwa-btc]

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 it's so tactical that you may think sometimes that if you use a higher amount you might get higher returns but he'll no, it's basically not programmed on that aspect and no matter how you trust your skill there's just an end point that it's either you win nor loose but in the aspect of borrowing money I don't advice anyone to go down that part as I can't try it as well cause it's destructive.

[nelson4lov]

To answer this, I want to share a story.

Earlier this year, a friend of mine took money from his girlfriend unbeknownst to her and the money was actually a loan she got for her business. He took this money and used it to play a bet. As you'd expect, he lost the bet. Had to share the news with her and it put not just himself but also her in a tight spot because all hands needs to be on deck to get back the loan which is a much bigger problem.

My recommendation always, is to only bet what you can afford to lose and that situation, isn't an ideal one because with a loan, you don't even have to begin with.

Most times we think we can make it in just one move but most things have to be compounded first.

[alastantiger]

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 have and it didn't end well but they could be few lucky ones but l wouldn't tell anybody to do it. Borrowing to gambling is the worst form of an investment that you can do because you'll be putting yourself in a condition that you can't win. Borrowing to gamble is one sign of being addicted to gambling and when you go on with it, you're making matters worse. You won't be borrowing if you're enjoying victories in your other bets, you can add all the money you have realized from being victorious and increase your wager than to borrow because you should already be informed of the disadvantages of borrowing to bet. Despite how good of a gambler that you think you're, you can't guarantee victory when gambling hence you shouldn't be borrowing to gamble.

[passwordnow]

Has anyone ever done that?

I have never done that and call me weak and coward but I'll not ask anyone money to gamble. I have put that in my mind that I'll never go into this route even if I am craving to gamble with that money. It's best to have no loans, debts or any obligation from other people just to gamble. It's not me and I am gambler but not going to take loans and interests for that. I'd be better be quiet and do nothing than to take loans just for me to have fun short time, nope.

[Aanuoluwatofunmi]

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 see it a success yet until one wins the game, I also don't see a need to borrow money for that

Why will someone borrow money to fast track his gambling winnings, when we are gambling and yet don't have an idea of what may turned out from our bet, I can't suggest this for someone, if am not sure of what am gambling and what it may turn to, whether  winning or losing, then can't make such hasty decisions to borrow money on what am not sure will come as expected.

[Stepstowealth]

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 strange thing can happen immediately you begin to think that your strategy cannot fail and you decide to take the risk to borrow money to gamble with, things go sideways and you loose all the money you borrowed to gamble with. The lose will affect you more than it will affect someone else who did not borrow to gamble, and you may even get depressed from it. It is better for me for someone to avoid gambling with money borrowed because there is a lot of pressure that can come with it.

[Vaculin]

It would be more practical to borrow money if your purpose is to invest, but never will I do that with gambling. There’s no guarantees with gambling no matter how professional or skillful you are. You can be in profits at some point, but the casino’s house won’t certainly allow you to be profiting at all times, that’s why you have to be cautious on the amount of funds you are putting into gambling. It’s okay not to win a lot, as long as you don’t also end up losing a huge amount, something that you can’t afford to lose.

[AVE5]

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'll call this foolishness of the highest order.
Like how on earth would one take such daring risk to even increase their wagers when they're unable to win a dime talk more of increasing a wager with a borrowed funds just to satisfy your mind being on gambling?
Grab this that we can only be successful in gambling by luck and not basically my our hardworks and sacrifices.

[AHOYBRAUSE]

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?

There is no such thing as a gambling skill. Gambling and skill is only found on for example poker and to some degree for sports betting. Poker is obvious and with sports betting is about getting the right informations and use them accordingly. Everything else is pretty much no skill. The dice, ball, cards roll and fall however they please, there is nothing you can do about it. Sure, at BJ for example you could count cards, that would also be a skill, but that's pretty much it I would say.

[Wexnident]

~

This is on the premise that we trust our gambling skills to earn money right? I don't have that though. Maybe when I started sure I had that mindset but nowadays? I've always considered gambling as an entertainment. There's no 100% guarantee that I can earn money with it and even with a strategy, again at best it'd probably work 50% of the time in the grand scheme of things.

I'd much rather borrow money to build my dreams really. I mean I'm already borrowing, might as well go all the way. If that's not enough, then I reckon small investments towards either building a business or trading (if your confident) could go longer compared to just gambling it all away.

[Strongkored]

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?

But the problem is that gambling is not a business, nor is it a job, and the dream that one wants to achieve in gambling may just be envy or curiosity in seeing other players win a lot.
Bigger money also means bigger losses, because big money is not a guarantee that you will win big, even though with big capital, the opportunity to get a big win is wider than with small capital, but borrowing money for gambling is very dangerous and I will never do that, if you don't have money then not playing is the option.

[Ziskinberg]

But the problem is that gambling is not a business, nor is it a job, and the dream that one wants to achieve in gambling may just be envy or curiosity in seeing other players win a lot.

If you have that mindset, then borrowing money is the wrong decision. Some people have a very specific mindset - they believe they can make a living from gambling, particularly in sports betting or poker. In sports betting, the term “sports investing” is popular because we rely on our skills to deliver long-term, consistent profits. It’s easy to say but hard to achieve for most of us, although not impossible. 

[Churchillvv]

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?

Even though we know that gambling is totally based on luck and for some reason we use a particular strategy to gamble and it works out for us then for some time we keep doing it yet it never falls I will take the risk to increase my stakes but will definitely not take a loan or borrow for any reason, it's the height of it.

IMO, this are just mere imaginations, it's not real and can't be. perhaps if eventually it has to be real one should just stick to limiting the number of withdrawals then retake every win hence the success that you imagined with gambling OP might come to you.

[Russlenat]

There is no such thing as a gambling skill. Gambling and skill is only found on for example poker and to some degree for sports betting.

You just answered it on the 2nd sentence. 

Poker and sports betting are still forms of gambling, which means you believe you can apply your skills to win. If we’re talking about skills, it should be something that gives us an edge and helps generate profit. To call ourselves successful, we need to demonstrate long-term profitability, because short-term gains can be dismissed as luck without consistent results.

At first, we might think borrowing money to gamble is a stupid decision, but what if that person becomes profitable with the borrowed capital and even returns it with some interest and a nice bonus? It really depends on the individual case, as every gambler has different skills - some of which might not be the right ones, lol.

[Smack That Ace]

I'll call this foolishness of the highest order.
Like how on earth would one take such daring risk to even increase their wagers when they're unable to win a dime talk more of increasing a wager with a borrowed funds just to satisfy your mind being on gambling?
Grab this that we can only be successful in gambling by luck and not basically my our hardworks and sacrifices.

This is the worst idea I have ever seen, we dare not borrow money and only dare to use the money we can afford to lose to invest in a safe asset like bitcoin. But we can recklessly borrow money to gamble and think that we can fulfill our dreams through gambling.

No offense but OP's idea makes me feel like he's a gambling addict. Because if a person only sees gambling as entertainment, they will never compare gambling with business, they will never see gambling as a place to fulfill their dreams. It is clear that there are many people who are addicted to gambling and have the mindset of getting rich from gambling instead of considering it as entertainment, but they always deny that they are not addicted to gambling.

You are right, winning in gambling is purely by luck, no skill, hard work or sacrifice can help us win or succeed in gambling.