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

[kotajikikox]

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.

Many people like to compare business to gambling but I do not think so. I think there are way too many external factors that you can't control when gambling even if it is sports gambling which has more strategy required compared to casino games. With businesses, you can at least control a lot of the things or adjust a few things to make sure you do not lose money but with gambling not everything is up to you.

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?

Borrowing money is not brave it is stupid. If things do not go well, how will you pay it back? Even if your strategy works 99%, what happens if 1% cataches up on you and you lose money that isn't even yours in the first place? Use your own money if you believe your strategy works.

[ethereumhunter]

No, I never do that. Borrowing money for playing gambling is a big no for me. That will cause me in trouble as I must repay the money while I am not too good in betting. How come you chase the winning from the borrowing money?

We can trust with our gambling skills but that doesn't mean we can win easily from gambling. Besides that, we use gambling only for have fun and not for making money so we must understand that it is better to win small than lose more money especially if we lose the money from the loan

[Free Market Capitalist]

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. 

That's right, one thing is sports betting and poker, and another is that the OP talks about "gambling" in general. I'm going to be harsher than most responses I've seen, and that is that you have to be a real moron to take out a loan to play roulette, or any of the other casino games.

Also, as you say, in sports betting or poker it is not an easy task and only a small percentage manage to be winners in the long run. If you take loans to win in either of these two disciplines you are adding risk and a psychological factor against you, thus making what the OP calls “fulfill your dreams” less likely.

[Julien_Olynpic]

Taking out loans for gambling is not the best idea. I would not advise doing this. After all, there are very big risks involved. However, if someone decided to take out a loan for such purposes, then in this case I would suggest first testing your strategy on small amounts and making sure that your strategy really works. Most likely, you will see that the results of your games have different outcomes. If you bet a large amount on the outcome of 1 game, then of course the result of such a bet will be unpredictable. You can win, but your winnings will only increase your excitement. And sooner or later you will lose your money. And this is not to mention the fact that in most cases you do not need to take out a loan. Most often, the required amount can simply be put aside from your salary for some time.

[ralle14]

I'd rather save up some gambling money or spend what I have left than possibly put myself in a bigger hole by borrowing when it's always quick and easy for gamblers to put themselves in a losing situation.

It's always easy to fall in to that positive thinking until you've tried gambling to see how well you stack up against the odds. There could be others who've been successful, but it's still a risky decision to make when all it takes is a few strings of bad luck to crush your plan and possibly affect you more than it should.

[tread93]

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 risk I am not personally willing to take. Gambling skills just doesn't sound right. I don't see gambling as being a skill but just a stroke of luck that you hit randomly in which you have little to no control over. Besides, who can truly trust their gambling "skills" and borrowing money on top of it to gamble with is not a good combo either, I would not recommend.

[Apocollapse]

If you don't have enough money, then it's not for you, period.

I don't care with those people who differentiate between productive loan and unproductive loan, if you want to grow your business because your business have making x money, don't take a loan, instead wait till it grow naturally.

Start from small, you don't have to take a loan for shortcut.

This might be different if you take a loan for school or work abroad, where the chance to make money is high, this one is not a problem.

[danherbias07]

Sorry, I would not do that. I believe in not having any debt on anybody or anything. Before it also came to my mind to loan in a bank and buy it with Bitcoin, I regret not doing it. But when it comes to gambling, I don't think I can do that. Even if there's a chance that I am good at what I am doing, there's always the risk factor that nothing will come back to you once you lose unlike how it goes with investments like Bitcoin.
Still, I think this action might stress out the player when he always think about the debt (the borrowed money) while gambling. It can affect his decision-making because he is already doing it for something else unlike how it is when it's your own money that you are betting. 

[Hirose UK]

Risks in gambling and business are very different, bad mindset that will consider it the same because business can certainly grow in the long term and guarantee success but gambling does not provide all that because by gambling then what is in front of our eyes is defeat and in the long term the guarantee we have is bankruptcy, only a few people will be able to grow and become successful thanks to gambling, this is like 1 in 100% of the population of people who gamble.
Moreover, related to borrowed money, there is no strategy or analysis that can be proven 100% accurate to get win and when someone has that belief and ultimately decides to borrow money to bet bigger then they are in big trouble that will complicate their own lives.

[iv4n]

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?

Many have tried it... the real question is how many have succeeded, I believe only a handful of them, most have failed trying. Will you be the one to succeed or will you fail gloriously like many others? Try it and you will see.

In any case, nothing can be achieved in life without taking risks, but that doesn't mean we should rush into anything foolishly. Research, think, rethink, and evaluate before you do anything... We should not blindly enter into some ventures and rely only on luck... luck is an important factor, but without some skill, there is no success in the long run.

[junder]

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?

Previously I myself did not believe in the existence of a strategy to be able to make us succeed in getting consistent wins in gambling, besides that with gambling that requires skills does not mean that there is no luck involved, luck is still involved and determines whether we will win or not. For example, if we have good enough skills in gambling, it does not mean that we will be able to get a win for sure, and in my opinion no matter how good the skills are, never think about taking out a loan just to seek profit in gambling, the thing to remember is that gambling profits cannot be predicted accurately.

I myself would not do this even though I have good skills in gambling, and in fact I do not have any skills in gambling, just doing it to entertain myself and fill my free time is more than enough.

[bisdak40]

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 sometimes borrow money to gamble but not because to finance my strategy as there is no such thing as a successful winning gambling strategy. Doing this is risking their financial status as the pressure increases when you know that you have debt to pay so my advise is not to borrow money if it involves gambling.

[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?

Honestly speaking, I don't think that my gambling is a skill, and I don't see any skills to be gained from gambling. Because we are just betting on a game that we choose to play as gamblers. And we just guess and often there is no guess instead we just rely on luck like in the slots category.

What skills can we gain from playing at the casino in the slots category, even in betting on the lottery? Are there any? There aren't any? So when I play, it's just for fun and sometimes I think that I will get lucky the day I play at the casino.

[dansus021]

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 dont think Anyone here brave enough to borrow money for gambling to fulfill their dreams. Why if you asked me because this world is full of uncertainty maybe you win a lot but this is gambling frenn with 50.50 chance and hard to predict. Take an example of sport gambling we know that Manchester United is very good back in the day but now they struggle to maintain that meaning it is still hard to predict even with big team like MU.

and the other reason if you your stategy work with small amount then why you just do that until your balance get big and put that all in it is same way rather than borrowing money right.

[livingfree]

I sometimes borrow money to gamble but not because to finance my strategy as there is no such thing as a successful winning gambling strategy. Doing this is risking their financial status as the pressure increases when you know that you have debt to pay so my advise is not to borrow money if it involves gambling.

What you've said is what you should do. You know that it is risky but if you are in control, there's nothing to worry about.

But as long as you keep doing that even you're very much aware of it, there's a tendency that in the future you might be doing that for that very reason.

So, I just want to give you some reminders that you don't keep on doing it for you to still gamble healthy and no financial burden might happen to you.

[Jody.Drummer]

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 think it's quite crazy and risky to have to take risks like borrowing money to test our own gambling skills, indeed it is the right of each and maybe there are people out there who do this but I myself will not do it because this is a big risk in my opinion even though the goal is for business but I'm not sure there are any benefits that can be obtained in the long term in terms of gambling.
But do you do it yourself? By believing in having an accurate strategy and borrowing money to try your luck with the strategy you believe in?
I believe there are people who have a strategy in gambling but I don't believe there are people who can make a profit for sure just by gambling with their strategy.

[Taskford]

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 skills is so far different than starting a business.

Since there's huge risk to lose your money on gambling since everything there is unsure. Even if you are familiar with what you are doing still it doesn't guarantee that you always win.

Compare doing starting a business which you can possibly control what might possible to happen especially if you know what you are doing and also know your target market. Although people may say that it has posses the same risk, but actually the whole thing is so different and you cannot really compare this one to gambling.

So don't borrow money just to fulfill your gambling needs.

[MArsland]

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?

What kind of gambling strategy and ability do you mean? maybe if the context is land based gambling that takes you to the level of big casinos in Las Vegas, Macau and the like it makes sense to take a loan because you have a promising gambling reputation. But if it's just ordinary gambling that is confident with betting limitations, my advice is not to take a loan.

[viljy]

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?

Surely there are people who have done this. Well, I've never met such people in my life, as I try to avoid imbeciles. Moreover, if such a person also believes in his "winning system", then he is even more dangerous not only for himself, but also for anyone whom he will entice into his orbit of madness, for example, by borrowing money from him for gambling.
There are several rules. Bet only what you don't mind losing. If there is no money for gambling, then you should not play. And in no case should you gamble with borrowed money. And by the way, these rules also apply to sports betting, although betting cannot be considered a gambling game.
P.S. However, everyone has their own rules.

[aoluain]

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 skills is so far different than starting a business.

Since there's huge risk to lose your money on gambling since everything there is unsure. Even if you are familiar with what you are doing still it doesn't guarantee that you always win.

Compare doing starting a business which you can possibly control what might possible to happen especially if you know what you are doing and also know your target market. Although people may say that it has posses the same risk, but actually the whole thing is so different and you cannot really compare this one to gambling.

So don't borrow money just to fulfill your gambling needs.

I agree with Taskford

Definitely dont borrow money to gamble. Regardless of how skillful anyone could
be you are not in full control of the outcome of any game.

I have borrowed FIAT to buy Bitcoin before which turned out to be a very sound
decision but I would never dream of doing so to gamble, the outcome is far
more uncertain than Bitcoin for example.