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

[bitzizzix]

Borrowing money is never actually a bad move, it will only go wrong if you borrow without sustainable income to repay the borrowed funds. Even if you will use it for gambling, where there are no guarantees to regain the money back, still I wouldn’t call it a wrong decision making. However, if you borrow just for the sake of gambling, and you have no capability to repay that amount, then that is a very wrong move that you will regret afterwards.

If that is the case, I am sure that people who borrow money without having the income to pay it back are stupid people because why would they dare to take out a loan to gamble when they don't even have an income? That doesn't make sense, instead of gambling being able to win and pay off the previous loan, it would be very lucky if that could happen, but unfortunately the chances of winning are still lower than the chances of losing. That's what you have to remember.

It is clear that borrowing just to gamble without having a steady income is a very risky and overconfident action without realizing that the percentage of gambling results is more defeat than victory, and this should be a mature consideration before doing so because it has the potential to face two major risks that will frustrate him if everything does not go as expected. And this action is really stupidity that should not be imitated.

Even though you already have an income, it doesn't mean that taking out a loan to gamble is recommended, because in my opinion, borrowing money to gamble is only done by people who have high hopes for gambling, while we shouldn't have high hopes for gambling because it can only make us addicted.

And whatever the reason, both are not recommended to borrow, gamble within your means and use money that you can afford to lose and only aim to have fun which sometimes brings luck and gambling is risky but beyond that the risk will be greater.

[EarnOnVictor]

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?

It's foolishness to take a loan to gamble, not under any guise, it's just a means to ruin your finances and become devastated. So long as uncertainty can't be removed from gambling, no one should think of gambling as a means of making money, let alone borrowing money for it. I wonder why the person did not borrow the money and channel it to his dream business, why make it pass through gambling first? I guess such a person should learn from people's bitter gambling experience, the chance of it working is very slim.

[gunhell16]

Borrowing money is never actually a bad move, it will only go wrong if you borrow without sustainable income to repay the borrowed funds. Even if you will use it for gambling, where there are no guarantees to regain the money back, still I wouldn’t call it a wrong decision making. However, if you borrow just for the sake of gambling, and you have no capability to repay that amount, then that is a very wrong move that you will regret afterwards.

If that is the case, I am sure that people who borrow money without having the income to pay it back are stupid people because why would they dare to take out a loan to gamble when they don't even have an income? That doesn't make sense, instead of gambling being able to win and pay off the previous loan, it would be very lucky if that could happen, but unfortunately the chances of winning are still lower than the chances of losing. That's what you have to remember.

It is clear that borrowing just to gamble without having a steady income is a very risky and overconfident action without realizing that the percentage of gambling results is more defeat than victory, and this should be a mature consideration before doing so because it has the potential to face two major risks that will frustrate him if everything does not go as expected. And this action is really stupidity that should not be imitated.

Even though you already have an income, it doesn't mean that taking out a loan to gamble is recommended, because in my opinion, borrowing money to gamble is only done by people who have high hopes for gambling, while we shouldn't have high hopes for gambling because it can only make us addicted.

And whatever the reason, both are not recommended to borrow, gamble within your means and use money that you can afford to lose and only aim to have fun which sometimes brings luck and gambling is risky but beyond that the risk will be greater.

It's really hard to borrow money when you don't have any source of income, and it's also hard for the lender who doesn't know that you don't have any source of income to pay it back. Then I also agree with what you say that it's not really advisable to borrow money and then just gamble.

People who only do these styles are those who have a gambling addiction and don't care if what they're doing is wrong as long as they fulfill their desire to play gambling.

[lovesmayfamilis]

For me, there is always a rule that says: it is not scary to underestimate your capabilities, but it is scary to overestimate them. Sometimes our self-esteem is so great that we do not see obstacles. However, gambling has such high-risk stakes, and hoping that a strategy that works "sometimes" will never work in such a way that you can take loans from someone. I will not risk my name or my reputation to borrow money from someone even for a fairly guaranteed enterprise that can bring success, not to mention a loan for gambling.

[rachael9385]

For me, there is always a rule that says: it is not scary to underestimate your capabilities, but it is scary to overestimate them. Sometimes our self-esteem is so great that we do not see obstacles. However, gambling has such high-risk stakes, and hoping that a strategy that works "sometimes" will never work in such a way that you can take loans from someone. I will not risk my name or my reputation to borrow money from someone even for a fairly guaranteed enterprise that can bring success, not to mention a loan for gambling.

Actually those that borrow money are an addicted gamblers and if someone is already addicted to gamble his reputation and name has already been contracted. But one can protect his reputation on gamble when he/she knows his limits and disciplined never to exceed it. However, a gambler also need to be careful with money because when a gambler is gambling aggressively, one day he will probably lose all of them and still go broke by then his reputation and name has been diminished.

[bangjoe]

What is a strategy in gambling, if only to test a strategy do not use borrowed money, because it will kill yourself, what I am more afraid of is when the test gets lucky by using borrowed money, this will trigger the same thing in the future and become a bad habit when you don't have money then gamble by borrowing again to do the gambling, And yes luck doesn't always come, the more confident you feel in your gambling strategy, the more money you will bet, but what gamblers like this don't realize is that they will lose more money when their confidence is broken by the fact that they don't have luck that day.

[Zadicar]

For me, there is always a rule that says: it is not scary to underestimate your capabilities, but it is scary to overestimate them. Sometimes our self-esteem is so great that we do not see obstacles. However, gambling has such high-risk stakes, and hoping that a strategy that works "sometimes" will never work in such a way that you can take loans from someone. I will not risk my name or my reputation to borrow money from someone even for a fairly guaranteed enterprise that can bring success, not to mention a loan for gambling.

Actually those that borrow money are an addicted gamblers and if someone is already addicted to gamble his reputation and name has already been contracted. But one can protect his reputation on gamble when he/she knows his limits and disciplined never to exceed it. However, a gambler also need to be careful with money because when a gambler is gambling aggressively, one day he will probably lose all of them and still go broke by then his reputation and name has been diminished.

On the moment that you do play gambling and on the time that you are already taking up some loan then this do really solidly indicates that you are already addicted into it. If you cant be able to find yourself having some control towards your gambling activity then you would really be definitely be ending up on having some issues. Borrowing money on the time or moment that you do play gambling is never been that ideal or never been that good because gambling should really be that for fun and not something that you do spend money too much with gambling. The main problem on here is that when everything which is really that excessive which is really that bad. Its important that you should really know on how to set limits because this is really whats important and it should really be that for fun.

[stadus]

What is a strategy in gambling, if only to test a strategy do not use borrowed money, because it will kill yourself, what I am more afraid of is when the test gets lucky by using borrowed money, this will trigger the same thing in the future and become a bad habit when you don't have money then gamble by borrowing again to do the gambling, And yes luck doesn't always come, the more confident you feel in your gambling strategy, the more money you will bet, but what gamblers like this don't realize is that they will lose more money when their confidence is broken by the fact that they don't have luck that day.

It was already mentioned in the OP that "if we truly trust our gambling skills," which implies that we’ve already done the testing and are confident in our abilities. Based on that, borrowing money to see how those skills perform with real money could be risky, but it’s an acceptable risk. After all, gambling is inherently a risk-based activity. If it leads to consistent profitability, then it’s definitely worth a try.

[Gozie51]

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.

There is no point taking such risk in my view. First if you are planning a business especially a new business, you don't need to take a loan to start it for different reasons. One of it is that you don't have an experience in the new
 business so things can go wrong even before you have started because you are a new horn. Also, you don't borrow money to pay salaries. Business is suppose to generate income from where you can pay salaries. You should safe enough to take care of even salaries before you come into business investment. So I don't know where that borrowing money to start a business is coming from. Not a new business investment though.

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 any perfect or proven gambling strategy? I don't think so because if we have then most of the thread on gambling here would be on so many success gambling stories. Gambling is highly a lucky adventure and most of the gamblers record losses. If there are much winners then casinos would be packing up but they are increasing by the day. So to answer directly, there are no steady winners without losses and those loses may take back or the joy of previous wins.

[summonerrk]

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 that a loan is a very wrong decision when trying to develop a business or play gambling. I can also pont if someone wants to buy cryptocurrency at cheap prices (not memes) or if you need to pay off a mortgage in order to pay interest not to the state but to someone else, but much smaller. These decisions seem reasonable to me. But if someone takes a loan for gambling, then this is an absolutely clear sign that the gambler is becoming addicted. And if he also starts lying to friends, this means that he should quit gambling.

[mirakal]

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 only borrow money for a thing that gives me return, not for something uncertain. Even if I say I trust my gambling skills, I still can't deny the fact that no matter how skilled we are, gambling offers no guarantees. 

I only gamble with extra money, period. I’d never do something that could put me in a losing situation. Let us accept the fact that relying on gambling to make money is risky, and most of the time, we end up having empty pockets. We just look at the countless people who ended up in huge debt and let their stories be a lesson for us.

[Fortify]

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?

This is an extremely poor idea unless you have a clear and proven strategy that has shown profits before which is not reliant on luck. Every single casino game is engineered to give the house an edge, besides player to player games like poker. You will never win long term, so you are engaging in the most risky form of gambling when borrowing other peoples money to spend it. When you inevitably fail and lose it all, you'll be in a very deep hole because you have to pay interest on that loan as well. If you want to gamble, enjoy it with your own money and stop when you run out, do not go into a negative balance with the bank because it will only lead to a much longer depression.

[Distinctin]

For me, there is always a rule that says: it is not scary to underestimate your capabilities, but it is scary to overestimate them. Sometimes our self-esteem is so great that we do not see obstacles. However, gambling has such high-risk stakes, and hoping that a strategy that works "sometimes" will never work in such a way that you can take loans from someone. I will not risk my name or my reputation to borrow money from someone even for a fairly guaranteed enterprise that can bring success, not to mention a loan for gambling.

It’s really an advantage if you have proven your skills and strategies with gambling, but the fact that gambling is still purely luck based and chances, then your strategies won’t guarantee your winning from a gambling casino.

Yes you can win some of your bets, but know that losing is still highly inevitable. The more you bet and gamble your funds, the higher the chances that you will increase your losses. That’s why taking a loan just to fulfill your gambling interest won’t certainly work out in the long run, so gambling from a borrowed money is big no for me.

[Jawhead999]

I'm glad that my dreams isn't getting rich through gambling, so I will never borrow money for gambling.

Borrowing money for gambling is like do or die, you either become rich or you're going to your lowest point. This is bad because there's no risk management, anything that related to money always need risk management, to know what you would be if something doesn't go like your plan.

I only borrow money for a thing that gives me return, not for something uncertain.

Everything in this world is uncertain, so...

[Outhue]

This is not bravery it is complete stupidity, the damage will be done in two ways..

1. The money isn't yours, meaning you need to pay back the money.

2. Even if you rally around and get the money back you will be left with nothing.

I don't understand why people become so desperate with gambling, it shouldn't be this way because losing is the most certain thing you can get out of gambling, why become reckless with it?

[Baki202]

It's foolishness to take a loan to gamble, not under any guise, it's just a means to ruin your finances and become devastated. So long as uncertainty can't be removed from gambling, no one should think of gambling as a means of making money, let alone borrowing money for it. I wonder why the person did not borrow the money and channel it to his dream business, why make it pass through gambling first? I guess such a person should learn from people's bitter gambling experience, the chance of it working is very slim.

I don't know if there are people that have tried it and it worked for them and if it worked then they should count there self lucky, and the moment anyone wants to try it then it should be that they have to think that what if it does not workout amd if they are ready to take that risk then they should go ahead but as for me I don't think that risk is worth it borrowing money just to gamble I use to be a strong believer but if there is a strong means of earning then the risk is worth it because what if I also get lucky. Gambling is both for fun and for making money, you have a point borrowing to invest but even that investment is risk and we have to just look for a to balance everything when it come to finance, and everyone are choosing a right and we don't know what will exactly happen what if the person win a huge amount of money, everyone have there destiny and I don't think taking risk sometimes is bad I don't think so.

[finaleshot2016]

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?

Business and Gambling does involved risk, but you know there's a recipe for a business while gambling still requires luck even if you have a working strategy 'cause I'm sure not all of the time it's not really working. Business can grow while gambling while gambling can't, once you've made a mistake, business can still end up break even while gambling can become zero. Even if you have a working strategy and already proven, gambling is still a game of probability, anything can happen with or without a blueprint and the odds always adjust and will not always with you "LONG-TERM" so borrowing money with that kind of reason is not really a good reason, borrowing money for the sake of trying a business can give you knowledge even if you had mistaken. But yeah, different perspective and this is only my view to what borrowing money is, I dislike borrowing that will be used in gambling.

[peter0425]

It was already mentioned in the OP that "if we truly trust our gambling skills," which implies that we’ve already done the testing and are confident in our abilities. Based on that, borrowing money to see how those skills perform with real money could be risky, but it’s an acceptable risk. After all, gambling is inherently a risk-based activity. If it leads to consistent profitability, then it’s definitely worth a try.

You might be the first person I have seen that agree with this mindset. Even if it has been consistently good, you don’t know when something can happen or something can go wrong and you lose your money so it’s definitely a risk but I do not know if it is acceptable since it will be pretty hard to cover off the consequences if you lost the money you borrowed.

[Mpamaegbu]

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.

To those betting and gambling, gambling should at best be seen as something that depends on luck; but to those who own betting shops and casinos it can be seen as a business. These are two distinct things. We've to make a clarity on that. One can have luck shine on them and make several wins but that doesn't make their wins the same as what happens in business for them.

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 a holy grail you think you've got in strategy, don't ever bet with money you can't afford to lose, let alone borrow money to gamble. It never ends well.

[Mate2237]

If the person really trust his strategies on gambling, he should not borrow but use the amount he has to gamble and win then use the amount won with the capital deposit to gamble again and he should do that  continuously for every day or week for two months, he has huge amount to bet big amounts to win big amounts again and that should be the proven of his skills, technics and strategies in gambling but borrowing money to play gamble is not not a good thing to do because gambling is not reliable.

Gambling is not for your skills or strategies but it is foe your luck. If you have it then you win and if there is no luck, then you lose. So if you depends on the strategy and borrow money then you lose your games. You will be in debt.