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Author Topic: Anyone here brave enough to borrow money for gambling to fulfill their dreams?  (Read 2965 times)
Gaza13
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January 05, 2025, 03:07:36 PM
 #281

Borrowing funds to play gambling games might not be generally bad to me, but it will all depend on the nature of gambling game the person in question is using the funds for. For gambling games which are completely based on luck like the slot games, I  won't see any reasons to why the gambler will borrow money to invest in the gambling game for the sake of making profits. Maybe, I will be more soft on games like Poker and Blackjack that will require skills than the usual luck. For these kind of gambling it will sound more proper to me for anyone to try to borrow money to expect results than the otherwise.
I think all systems in gambling games have been designed by site owners or bookies, even though poker and blackjack games look easy compared to slots, bookies really know how to make players comfortable in the game and players continue to carry out their gambling activities. I think reconsider borrowing money and doing activities in the game and don't expect your previous money to come back, the more you chase your previous money, of course you will lose control in your gambling game
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January 05, 2025, 03:12:35 PM
 #282

It would be better to stay away from loans to gamble, playing with only the minimum amount of money left.
I personally only play for entertainment only, not for big profits, it's just about having fun.

And that variety is the most correct to do them well , Personally I have been like many people who in the forum defend the reasons why they Make the loans, I do not ,   I do not defend those motions for the simple fact of thinking that if things go wrong and get out of control then the debt will be tremendous, so it is better to play with the money that we have available in our Balance and not more than that, because we cannot spend more than we earn, because that is one of the Worst things that can be done at the level of financial education.

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January 05, 2025, 05:20:45 PM
 #283

..., because we cannot spend more than we earn, because that is one of the Worst things that can be done at the level of financial education.


And still, it is a very common way of life, specially from people in developed countries who unfortunately do not have enough education and means to earn more money, still banks prey on them to profit off their interests. There are people in the United States, who have become something called "debt slaves" because they live in a perpetual cycle of having to meet their needs and at the same using their credit cards in a weekly or daily basis to reach the end of the month. It is a very sad situation and it is even sadder if one of them starts to look into gambling as a way to earn money fast and get out their desperate situation, they end up with more debt and also with a negative credit store, which effectively cripples them more economically.
I don't judge people in the forum who lend money to others, knowing perfectly such money is going to be used to gamble, they have analyzed their risks and accepted the terms of the loan, but I would personally never take a loan unless it is an extreme emergency.

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January 05, 2025, 05:26:57 PM
 #284

It would be better to stay away from loans to gamble, playing with only the minimum amount of money left.
I personally only play for entertainment only, not for big profits, it's just about having fun.

And that variety is the most correct to do them well , Personally I have been like many people who in the forum defend the reasons why they Make the loans, I do not ,   I do not defend those motions for the simple fact of thinking that if things go wrong and get out of control then the debt will be tremendous, so it is better to play with the money that we have available in our Balance and not more than that, because we cannot spend more than we earn, because that is one of the Worst things that can be done at the level of financial education.


Of course the loan could add up the pains of the gambler and land them in a hardship. And their days will be rolling on critical thoughts which may not help the mood of the player. Additionally, the gambler may have always had it in mind over a while and wishes to execute it. Maybe they've planned on picking a single game and wager huge amount like a high roller. It's a lucky but risky thing, which the risk disorganizes the daily schedule of the gambler.

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January 05, 2025, 05:37:30 PM
 #285

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 believe a lot of people have indulged in this act, taking up loans to continue gambling, maybe because they don’t have enough money with them or because they exhausted theirs, but this isn’t bravery at all, it’s foolishness. Foolishness because no matter how trusted and reliable you feel your strategies are, it’s crazy to think about taking up loans to continue gambling, this is because, if there’s one thing I’ve learned in my years of gambling, that’s the fact that no strategy can guarantee consistent success regardless of how effective the strategy is, thus would be a very bad idea to trust your strategy so much as to go take up loan for any reason, it’s not worth it.

Another thing is that, I’ve never heard that anyone has been able to make gambling a reliable source of income or a business, so first of all, it’s very wrong to conceive such thought in your head because at the end, there’s every possibility of ending up in severe losses.

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January 05, 2025, 07:16:54 PM
 #286

Let's explain with a little consideration, first, winning in gambling is not easy to get and there is no sure way to get the win, second, most people gamble with the aim of making money or profit or winning and third, the dream of everyone who gambles is to get a big win or jackpot but we must be able to see that winning in gambling is not certain, so I think people who force themselves by borrowing money to gamble are quite stupid because it is the same as risking their life.
I have been gambling for a long time but I have never felt like borrowing money to gamble again when I have lost or to gamble for the first time, because I realize that winning in gambling or gambling itself does not need to be done desperately, because if we are lucky we can get unexpected wins.
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January 05, 2025, 07:48:32 PM
 #287

Let's explain with a little consideration, first, winning in gambling is not easy to get and there is no sure way to get the win, second, most people gamble with the aim of making money or profit or winning and third, the dream of everyone who gambles is to get a big win or jackpot but we must be able to see that winning in gambling is not certain, so I think people who force themselves by borrowing money to gamble are quite stupid because it is the same as risking their life.
I have been gambling for a long time but I have never felt like borrowing money to gamble again when I have lost or to gamble for the first time, because I realize that winning in gambling or gambling itself does not need to be done desperately, because if we are lucky we can get unexpected wins.

Moreover, I will note that in business, using borrowed funds is also the wrong approach. Because in business, many fail, because it is a bold and difficult task, but you need to take into account all the factors of the market and demand, and only then will the business become successful. I play with borrowed funds in gambling or betting is the height of naivety and stupidity.

We need to borrow money only for something that has a huge chance of making a profit. Something like the release of another film in a successful series, but unfortunately, such simple guys as you and me are simply not available.

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January 05, 2025, 08:06:16 PM
 #288

Let's explain with a little consideration, first, winning in gambling is not easy to get and there is no sure way to get the win, second, most people gamble with the aim of making money or profit or winning and third, the dream of everyone who gambles is to get a big win or jackpot but we must be able to see that winning in gambling is not certain, so I think people who force themselves by borrowing money to gamble are quite stupid because it is the same as risking their life.
I have been gambling for a long time but I have never felt like borrowing money to gamble again when I have lost or to gamble for the first time, because I realize that winning in gambling or gambling itself does not need to be done desperately, because if we are lucky we can get unexpected wins.
It is not easy to achieve a jackpot winning and those who are gambling for profits can't constantly win their bets. However, you are right because the aim of every gamblers is to win big money from gamble. Even those that are gambling for fun and those that gamble for profits always want a big win. Although, the important things to know is how to manage risk and gamble responsibly so that we don't get to lose everything we have worked for and still become addicted and frustrated at same time. Winning is by luck but our prediction might make us achieve winning easily.

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January 05, 2025, 09:27:13 PM
 #289

I would never borrow money for gambling, no matte how sure of result and my abilities. This way people run into real problems, specially if they loan money from loan sharks.

Even if I would start a business I would be very hesitant to loan money from someone. That money should be returned sooner or later, and if business fails who knows how it will be repaid.

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January 05, 2025, 10:16:43 PM
 #290

I would never borrow money for gambling, no matte how sure of result and my abilities. This way people run into real problems, specially if they loan money from loan sharks.

Even if I would start a business I would be very hesitant to loan money from someone. That money should be returned sooner or later, and if business fails who knows how it will be repaid.

Of course borrowing money will always be a prohibited act in gambling because after all as we know that there have been many proven cases that gamblers eventually experience financial problems due to being in debt, it is actually okay to borrow occasionally but believe me that the idea of ​​making loans as an alternative to fund gambling will eventually lead to bad habits, I am sure that without realizing it they will start to get addicted to borrowing money and over time the amount of the loan will continue to increase along with the interest and this is where gamblers usually start to feel pressure on their mental and psychological, not a few of the gamblers who eventually commit suicide due to this debt problem.

Basically, loans are indeed a very useful alternative to be used by everyone but it is also only intended for anything that is emergency and not intentional like gambling.

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January 05, 2025, 10:34:36 PM
 #291

I would never borrow money for gambling, no matte how sure of result and my abilities. This way people run into real problems, specially if they loan money from loan sharks.

Even if I would start a business I would be very hesitant to loan money from someone. That money should be returned sooner or later, and if business fails who knows how it will be repaid.

Of course borrowing money will always be a prohibited act in gambling because after all as we know that there have been many proven cases that gamblers eventually experience financial problems due to being in debt, it is actually okay to borrow occasionally but believe me that the idea of ​​making loans as an alternative to fund gambling will eventually lead to bad habits, I am sure that without realizing it they will start to get addicted to borrowing money and over time the amount of the loan will continue to increase along with the interest and this is where gamblers usually start to feel pressure on their mental and psychological, not a few of the gamblers who eventually commit suicide due to this debt problem.

Basically, loans are indeed a very useful alternative to be used by everyone but it is also only intended for anything that is emergency and not intentional like gambling.

You summarised life of gambler pretty well. And as for loans someone once said  - "Loans are good but for the people that don't depend on them." Because the people who don't need the loan are the people that won't have problem with paying them back.

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January 05, 2025, 11:57:22 PM
 #292

Let's explain with a little consideration, first, winning in gambling is not easy to get and there is no sure way to get the win, second, most people gamble with the aim of making money or profit or winning and third, the dream of everyone who gambles is to get a big win or jackpot but we must be able to see that winning in gambling is not certain, so I think people who force themselves by borrowing money to gamble are quite stupid because it is the same as risking their life.
I have been gambling for a long time but I have never felt like borrowing money to gamble again when I have lost or to gamble for the first time, because I realize that winning in gambling or gambling itself does not need to be done desperately, because if we are lucky we can get unexpected wins.
It is not easy to achieve a jackpot winning and those who are gambling for profits can't constantly win their bets. However, you are right because the aim of every gamblers is to win big money from gamble. Even those that are gambling for fun and those that gamble for profits always want a big win. Although, the important things to know is how to manage risk and gamble responsibly so that we don't get to lose everything we have worked for and still become addicted and frustrated at same time. Winning is by luck but our prediction might make us achieve winning easily.

It's not really that easy but we never know when we will get that big win and I think that makes sense because we never know what will happen in the future, I agree that gamblers will not be able to win continuously and I think that is also very reasonable because after all gambling is not a charity field but a business for casinos which run with the aim of seeking profit and their profits come from gamblers who lose and that is the reason why gamblers lose more often than they win.

Basically yes getting a big win is the dream of all gamblers regardless of their goals, but what is certain is that gambling with the aim of fully seeking income will never be possible because as I said above that casinos seek profit for their business, namely from gamblers who lose.
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January 06, 2025, 07:52:09 AM
 #293

I would never borrow money for gambling, no matte how sure of result and my abilities. This way people run into real problems, specially if they loan money from loan sharks.

Even if I would start a business I would be very hesitant to loan money from someone. That money should be returned sooner or later, and if business fails who knows how it will be repaid.
This is correct, even if you are a successful player and decide to take a loan in order to win even more, in gambling luck is important and at the most inopportune moment it can turn away and then it will not just be a defeat, it will be a loss of credit money, and in addition to the loss there will be a debt that will have to be repaid, and this is already something more than just a loss, it is an obligation with mandatory payment of monthly payments. Sometimes loans can be useful, but not in gambling.

R


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January 06, 2025, 08:02:10 AM
 #294

I would never borrow money for gambling, no matte how sure of result and my abilities. This way people run into real problems, specially if they loan money from loan sharks.

Even if I would start a business I would be very hesitant to loan money from someone. That money should be returned sooner or later, and if business fails who knows how it will be repaid.

If I find myself in a situation, when I ran out of cash but want to continue gambling, and I would be in a company with friends, I would borrow money from them to gamble until everyone takes a decision that it is enough for todays evening. I would not call it as an act of braveness, but more like an act of necessity. I dont consider that a person must be brave to borrow. A person must be smart and ready to return loan, then he is ready to borrow for gambling or for everything else.

 
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January 06, 2025, 05:17:41 PM
 #295


Of course borrowing money will always be a prohibited act in gambling because after all as we know that there have been many proven cases that gamblers eventually experience financial problems due to being in debt, it is actually okay to borrow occasionally but believe me that the idea of ​​making loans as an alternative to fund gambling will eventually lead to bad habits, I am sure that without realizing it they will start to get addicted to borrowing money and over time the amount of the loan will continue to increase along with the interest and this is where gamblers usually start to feel pressure on their mental and psychological, not a few of the gamblers who eventually commit suicide due to this debt problem.

Basically, loans are indeed a very useful alternative to be used by everyone but it is also only intended for anything that is emergency and not intentional like gambling.

You summarised life of gambler pretty well. And as for loans someone once said  - "Loans are good but for the people that don't depend on them." Because the people who don't need the loan are the people that won't have problem with paying them back.

Yes, the point is that loans can indeed be used as an alternative to overcome problems that are being experienced by someone but not to be misused, usually I will only take a loan when there is an emergency where there is no other option that I can do other than borrowing money, and what about gambling, isn't there absolutely no coercion from any party to us to gamble? of course, and that means when you really don't have money then it's better not to gamble first, what I'm afraid of is as I said before that when a gambler is comfortable with something called a loan until they misuse it to fund their gambling activities and believe me over time being in debt is a problem that is likely to befall them.

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January 06, 2025, 05:24:37 PM
 #296

Yes, the point is that loans can indeed be used as an alternative to overcome problems that are being experienced by someone but not to be misused, usually I will only take a loan when there is an emergency where there is no other option that I can do other than borrowing money, and what about gambling, isn't there absolutely no coercion from any party to us to gamble? of course, and that means when you really don't have money then it's better not to gamble first, what I'm afraid of is as I said before that when a gambler is comfortable with something called a loan until they misuse it to fund their gambling activities and believe me over time being in debt is a problem that is likely to befall them.
it would be better like that. Borrowing and gambling will only increase the risk of loss, and even if all the borrowed money is used up because of losing, the problem of returning the loan also becomes a pressure. but in reality some gamblers are addicted to doing that and borrowing some to continue gambling with the guarantee that it will be returned when it is time to get paid for their work. of course, I am sure that people who borrow money to gamble will never say the intention of the loan honestly.

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January 06, 2025, 05:33:46 PM
 #297

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?
Smiles  Grin

It's possible that some gambler somewhere may have taken this step and made fast track success from gamble wins while there are those who would have done same  and loss woefully. The chances of this approach are that the losing rate is weigh higher than making a success from such action.

Gambling is basically an activity predicted on luck with little influence in our strategies and skills on what the results could be. Maybe we should concentrate on with the little profits we're fortunate to be making from our bets  since it's not something that's within our control when to win or lose.

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January 06, 2025, 08:07:07 PM
 #298

Borrowing to gamble is actually an act of bravery. So, if you've borrowed money to gamble but not to fulfill dreams, that's not an act of bravery? We might make fun of it but it's a serious situation that many are dealing with right now. Gamblers that are taking loans are going that far with what they started as gamblers.

This is correct, even if you are a successful player and decide to take a loan in order to win even more, in gambling luck is important and at the most inopportune moment it can turn away and then it will not just be a defeat, it will be a loss of credit money, and in addition to the loss there will be a debt that will have to be repaid, and this is already something more than just a loss, it is an obligation with mandatory payment of monthly payments. Sometimes loans can be useful, but not in gambling.
If that sounds good to be in debt because of gambling, that's how many gamblers are losing their confidence to themselves even if in the beginning they are winning money. It's about contentment when you can do it even without having to ask money or bankroll.

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January 06, 2025, 10:25:03 PM
 #299

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 not a skill that makes you a successful gambler. To my mind, you are a successful gambler when you find a good balance between spending money, time and fun on gambling in a way that it doesn't negatively affect your finances, job and relationships.
In gambling, I think that time management, discipline, patience and self-control are skills because what can you do besides being dependent on your luck? You can't win the game if you aren't lucky and no skill can turn luck in your favor.
Also, think about it, games have RTP (Return To Player). If the slot has 98% RTP, it means that 2% of money stays with casino, i.e. if customers gambled with $1000 during the day, 2% of them is guaranteed to stay in casino's bankroll and 98% of returned to the player. It doesn't mean that everyone will get 98% share but if we sum up, overall, players will receive 98% of money back, one might receive 2%, another one might receive 90% and so on.
So, don't ever borrow money, it's one of the riskiest thing where your chances are very slim. Risks have to outweigh cons and this is not the case when that happens.

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January 06, 2025, 10:29:14 PM
 #300

Borrowing to gamble is actually an act of bravery. So, if you've borrowed money to gamble but not to fulfill dreams, that's not an act of bravery? We might make fun of it but it's a serious situation that many are dealing with right now. Gamblers that are taking loans are going that far with what they started as gamblers.


The biggest problem would be if someone would borrow money to satisfy its addiction to gambling. If someone is addicted to gambling he will not stop even if they do win, they will only stop after they lose everything. Borrowing money just to keep gambling will just make problems worse. After losing borrowed money they will be without anything AND in debt.

On the other side people who gamble for fun will in most cases gamble responsibly, with stakes that they can afford to lose and stop when their gambling loss limit is reached.

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