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

[swogerino]

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?

Having so much confidence in your gambling skill can dissapoint you at last because gambling is unpredicted. Gambling is different than business,  when you take loan for business their are good chances that the business will be profitable in which the loan that was collected can be paid back, but in gambling it is just different because you can't tell what the outcome of a game will be like, so it is a big risk to take loan to gamble , it is not a reasonable step. It is wise in gambling when you gamble with your own money and especially with the amount that you can afford to lose.

Exactly. When you get a loan for starting a business I assume that the person has done his due diligence regarding possible outcomes of such business and have taken cautionary measures in case if things go wrong. I am sure some insurance is also done in case things go wrong, something which is not at all possible in gambling. In gambling you are facing the unknown, an unknown which has much more chances to destroy your dreams rather than fulfilling them, I have seen the rare cases where people have won over 100.000 dollars which is a big amount in any country but those are things of the past, now I don't see them anymore, so it is much better to stay away from gambling. I know a few individuals who unfortunately are dead now by natural causes that were gambling heavily and took loan after loan to fulfill their desire of gambling and becoming rich which I am sure have influenced their health which led to that final devastating consequence.

[Dewi Aries]

Gambling is not a business or cannot be treated like a business because no matter what and until whenever you will only be able to rely on luck, borrowing money to run a business is a common and reasonable action taken by most people who want to run their business and one of the reasons why I say that it is a reasonable action is because there is potential for success in the future when you run it properly which is when the profits from your business are consistent then it is quite easy for you to pay off the loan.

But what about gambling? haven't we often seen experienced gamblers but they experience consecutive defeats? Yup of course, and another reason is because we will never know about what makes us lose and what makes us win, that's why borrowing money to achieve success in gambling will never seem reasonable.

[Koadharber]

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?

Having so much confidence in your gambling skill can dissapoint you at last because gambling is unpredicted. Gambling is different than business,  when you take loan for business their are good chances that the business will be profitable in which the loan that was collected can be paid back, but in gambling it is just different because you can't tell what the outcome of a game will be like, so it is a big risk to take loan to gamble , it is not a reasonable step. It is wise in gambling when you gamble with your own money and especially with the amount that you can afford to lose.

People do really make out some learning at the moment or time that they will really be that experiencing unfortunate conditions and not on the time or moment that they are still doing that gambling and this is really that a usual case for most people is that on the moment or time that they are still gambling then it will be better that you do check out whether you are that still doing fine or not, specially when it comes to money or finances. On the moment that you ae already taking up some loans or borrowing money for the sake of gambling then this do really indicates that there's something wrong with your gambling activity or simply shows that you are really that addicted with it. This is why its really that better that you do really have needing to assess yourself whether you are still doing fine or not.

[Popkon6]

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 know that it is never possible to win continuously in gambling, there is no strategy to win continuously. However, we bet small amounts because we enter gambling with as much money as we can afford to lose, if we enter gambling with a small amount of money, there is no need to borrow. Winning in gambling depends solely on luck, in the beginning there may be only a small win in applying strategy, but I do not think that winning happens repeatedly after winning.
 Gambling I believe that it is possible to win by using strategy, luck and experience, but this can happen to a small number of gamblers. Because every gambler fails to change his luck from gambling, that is why I do not like borrowing money in gambling.

[nara1892]

Having so much confidence in your gambling skill can dissapoint you at last because gambling is unpredicted. Gambling is different than business,  when you take loan for business their are good chances that the business will be profitable in which the loan that was collected can be paid back, but in gambling it is just different because you can't tell what the outcome of a game will be like, so it is a big risk to take loan to gamble , it is not a reasonable step. It is wise in gambling when you gamble with your own money and especially with the amount that you can afford to lose.

People do really make out some learning at the moment or time that they will really be that experiencing unfortunate conditions and not on the time or moment that they are still doing that gambling and this is really that a usual case for most people is that on the moment or time that they are still gambling then it will be better that you do check out whether you are that still doing fine or not, specially when it comes to money or finances. On the moment that you ae already taking up some loans or borrowing money for the sake of gambling then this do really indicates that there's something wrong with your gambling activity or simply shows that you are really that addicted with it. This is why its really that better that you do really have needing to assess yourself whether you are still doing fine or not.

Well what you said is true, I have felt in that situation before which usually happens when we have managed to achieve a number of wins but we do not immediately withdraw it and instead continue playing, when the amount of my money is still stable I usually do not feel worried about anything and continue playing but when the amount decreases slowly that is where the worry and tension arise, and believe me that when you do not immediately decide to stop at that time it will be even harder for you to accept the fact that the amount of money you have previously won is decreasing slowly and usually when it is all gone that is where regret, emotion and disappointment will arise in themselves until finally the idea of ​​​​taking a loan they do in the hope of being able to pick up the previous victory that they have managed to get, this is the reason why greed is strictly prohibited and this is also the reason why stopping at the right time is always recommended.

[retreat]

There is no surefire strategy in gambling, whatever we believe works in gambling could be just a gambler's fallacy, where we believe a strategy will continue to work and give us success. Always hold that gambling is not a path to success, and there is no such thing as continuous winning in gambling, and therefore one should not be tempted to borrow money just because they believe that they will win again - gambling is not like building a business, the risks are higher, and one should not be too easy to borrow money for their gambling, or else they will get caught in a debt cycle.

[shasan]

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?

As a lender, I have seen many people take loans for gambling though few of them might be able to gain some profit most of them can't make a profit and they loss the principal. And finally, it becomes harder for them to repay the loan. A few borrowers still active on my lending thread have lost and now facing difficulties. So, I think we should not invest any money which we cant afford if we loss.

[Vaskiy]

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?

As a lender, I have seen many people take loans for gambling though few of them might be able to gain some profit most of them can't make a profit and they loss the principal. And finally, it becomes harder for them to repay the loan. A few borrowers still active on my lending thread have lost and now facing difficulties. So, I think we should not invest any money which we cant afford if we loss.

While we gamble, we don't have control over our activities. All we look for is the money to gamble. When the wallet gets emptied, they look for the alternate choice of borrowing. Everyone hopes for the best outcome, but it won't be successful with everyone. So, borrowing to gamble is always a riskier one. Maybe this can be successful for a while, but the same doesn't happen long-term.

[memehunter]

As a lender, I have seen many people take loans for gambling though few of them might be able to gain some profit most of them can't make a profit and they loss the principal. And finally, it becomes harder for them to repay the loan. A few borrowers still active on my lending thread have lost and now facing difficulties. So, I think we should not invest any money which we cant afford if we loss.

Thanks a lot for sharing your (long-time reputable lender) perspective and it is specifically your post that compelled me to revisit this topic (not my signature requirements  ).
Even though I had planned to give interest-free small loans but very soon realized that I do not have specific expertise for that and that would potentially ruin my relations on this forum. Not to mention the flood of personal messages with sob stories. That is why I have locked my thread.
Now if I may ask what do you think (rough estimates) is the percentage of borrowers asking you money for gambling (of course they will hide it when asking for loans)? If you do not have stats on that or simply you do not want to share it is perfectly ok with me.
Waiting for your reply.

[ethereumhunter]

While we gamble, we don't have control over our activities. All we look for is the money to gamble. When the wallet gets emptied, they look for the alternate choice of borrowing. Everyone hopes for the best outcome, but it won't be successful with everyone. So, borrowing to gamble is always a riskier one. Maybe this can be successful for a while, but the same doesn't happen long-term.

That is why we must learn more about control so we can playing gambling without spending so much money. We will not chase the win or recover the lost money because we know that can make us lose more money. We also always remember that never borrow money just to playing gambling and if we really don't have money or only have limit money to fills our daily needs, we will not search for the other money or moreover borrow the money. We always want to avoids the problem that can occurs to us.

[eisen33]

While we gamble, we don't have control over our activities. All we look for is the money to gamble. When the wallet gets emptied, they look for the alternate choice of borrowing. Everyone hopes for the best outcome, but it won't be successful with everyone. So, borrowing to gamble is always a riskier one. Maybe this can be successful for a while, but the same doesn't happen long-term.

That is why we must learn more about control so we can playing gambling without spending so much money. We will not chase the win or recover the lost money because we know that can make us lose more money. We also always remember that never borrow money just to playing gambling and if we really don't have money or only have limit money to fills our daily needs, we will not search for the other money or moreover borrow the money. We always want to avoids the problem that can occurs to us.

A loan for gambling is a bad idea, I understand when people are in desperate situations and can take a loan to solve short-term problems, like renting a house or something else, but taking a loan for risky business is too bad and reckless, besides the fact that there is a risk of losing the loan money, then there will be a debt that will have to be repaid with interest and this is even worse, because it will be a long-term problem that will also have to be solved somehow.

[gabbie2010]

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 never come across anyone that has the courage and gut to borrow money to gamble so as to achieve financial freedom, I believe the chances of fulfilling such a a dream is very slim and rare having considered the high risk link or involved in gambling truly many gamblers are winning with small money staked instead of staking high but responsible gamblers only gamble with the amount of money they can afford to lose knowing the consequences of betting with huge amount of money in a bid to achieve or fulfill their dreams, some gamblers who  tried it ended up bankrupt after being addicted unfortunately the damage is done.

[WatChe]

Gambling is not a business or cannot be treated like a business because no matter what and until whenever you will only be able to rely on luck, borrowing money to run a business is a common and reasonable action taken by most people who want to run their business and one of the reasons why I say that it is a reasonable action is because there is potential for success in the future when you run it properly which is when the profits from your business are consistent then it is quite easy for you to pay off the loan.

But what about gambling? haven't we often seen experienced gamblers but they experience consecutive defeats? Yup of course, and another reason is because we will never know about what makes us lose and what makes us win, that's why borrowing money to achieve success in gambling will never seem reasonable.

Taking loan for business is not risk free since there are chance that despite your sincere efforts business may not get success. But there is also possibility of success in business if done in correct way. There is very rear chance of success in gambling and if you take loan for gambling then you will land in trouble after you lose all your money in gambling. Never take gambling so seriously, just invest small money for fun which you can easily afford to lose.

[ajanwalker]

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 played for fun with the amount you have and will not be upset if you lose. Even if it is your own money, it is played with the amount that will not upset you.

Borrowing money is never played in gambling. The probability of losing money later is very high, this time it will lead to borrowing money again to get back this loss, and this puts people in a difficult situation.
We can also ask this question as whether gambling can be done by taking a loan from the bank, but the answer is the same for me. Never!!!

[JoyMarsha]

How can someone make the mistake of gambling with borrowed money when they are uncertain about the outcomes of their bets? A skilled gambler understands that gambling losses are more than wins and would avoid such mistakes because gambling with borrowed money is unwise. What if In the case of if they lose, they may struggle to repay the loan(they thought of most gamblers)? But if they gamble with their own money, they can better endure the losses without the added pressure of repaying borrowed money.

However, I think there are not many gamblers who make the mistake of using borrowed money for gambling. They might make the mistake of betting with big amounts on a normal day, but generally, many gamblers avoid using borrowed money for their bets.

[mammusu]

While we gamble, we don't have control over our activities. All we look for is the money to gamble. When the wallet gets emptied, they look for the alternate choice of borrowing. Everyone hopes for the best outcome, but it won't be successful with everyone. So, borrowing to gamble is always a riskier one. Maybe this can be successful for a while, but the same doesn't happen long-term.

Gambling can actually be a fun activity if we do it responsibly and have limits in every gambling, but if we take out loans to fulfill the desire to gamble, obviously it is bad behavior and can make us even worse not only because of the loss, but the burden of paying the loan will be a problem for us later, Gambling by borrowing money is a very risky decision as you say, although there is hope of winning, the reality is that not everyone luck and will succeed to win it.

[Fivestar4everMVP]

While we gamble, we don't have control over our activities. All we look for is the money to gamble. When the wallet gets emptied, they look for the alternate choice of borrowing. Everyone hopes for the best outcome, but it won't be successful with everyone. So, borrowing to gamble is always a riskier one. Maybe this can be successful for a while, but the same doesn't happen long-term.

Gambling can actually be a fun activity if we do it responsibly and have limits in every gambling, but if we take out loans to fulfill the desire to gamble, obviously it is bad behavior and can make us even worse not only because of the loss, but the burden of paying the loan will be a problem for us later, Gambling by borrowing money is a very risky decision as you say, although there is hope of winning, the reality is that not everyone luck and will succeed to win it.

99 percent of those who borrow money to gamble get to a level where they are not able to repay the borrowed money, this is very common fact, it is plainly a very stupid behavior to get used to borrowing money for the sole purpose of gambling.

And why this is very bad is because aside gambling itself being addictive, borrowing money to gamble is also another addictive behavior, which if and when one get used to or addicted to it, it's very hard to come out of it, and it will eventually ruin the life of the victim.
This is something we must never try as gamblers, because all it takes is one trial, then second, and maybe third, and next the person finds himself in a very deep financial mess that leaves him wondering when and how did things became that bad.

[mirakal]

However, I think there are not many gamblers who make the mistake of using borrowed money for gambling. They might make the mistake of betting with big amounts on a normal day, but generally, many gamblers avoid using borrowed money for their bets.

No, a responsible gambler doesn’t think that way. Imagine borrowing money just to gamble? That’s a terrible move because smart people only borrow for things that offer significant returns, like investments.

But we’re talking about gambling here, and we know that ever since it is never been called a “money multiplier.” That is why thinking about borrowing money for gambling doesn't fit on how we become successful. For me and for most gamblers, it is simply not a good idea. I think we should open our minds and see the impact it gives us—financially and mentally. 

If it is difficult for us to be happy spending $100-$500 on gambling, we better stop and forget about it. 

[Orpichukwu]

A lot of people has borrowed money to gamble thinking that they will make money but this is what I will not advise people to do as it's not good betting should not get to the point where one has to borrow to satisfy his or her betting emotions as it can lead to one spending more money and even paying of debts and over time someone who constantly borrows money to bet is likely to be a deptor and and face disgrace

Any gambler who has chosen to take a loan to sponsor themselves in gambling is really not serious and has signed his contract of going into debt.

There is no way that the game will be fun enough to the extent that I can borrow money to gamble when we all know that the gambling result is not certain and we can't predict how the game will end, so taking a loan to place a bet automatically means the person is saying that they are willing to pay back the money from other sources because it can't be from the winnings they will pay it with since the chance of losing is higher than the chance of winning.

[bettercrypto]

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?

You know, even though I have several sources of income in my businesses and I'm in a casino, I won't borrow money from a gambling casino just to indulge in my gambling addiction,
because it will ruin my strategy in managing my business.

Also, it's not a good habit to borrow money that you'll only use to gamble at the casino, it doesn't matter if it's for emergency purposes or for your family,
but if it's just because of a gambling habit, never.