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Author Topic: Anyone here brave enough to borrow money for gambling to fulfill their dreams?  (Read 2965 times)
Dr.Bitcoin_Strange
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February 03, 2025, 12:47:11 PM
 #481

Yea, you gave it a better definition (desperate decision). Desperate decision making doesn't means "uninformed decision," If the player is actually chasing losses and he is desperately in need of more money, that's when the desperation to take a loan could come in and in that particular situation, the player has two options, either to quit or take the loan but they decided to take the loan due to how desperate they are, meaning they are actually aware of when they took the loan.

But what the player is doing by taking the loan is wrong regardless of what the situation is. We should not be chasing losses when gambling and it is because he was chasing after his losses that he wants to take a loan to keep on gambling and there are chances that he will lose that money too because you can not become a successful gambler chasing after loses. When you lose, accept the reality that you have lost and keep gambling with a clean intention without any revenge in mind because with the revenge, you will only end up losing more money that you have lost when you first lost your bets. Loans are not good because they put you in debts that you might not come out from and then it becomes difficult to achieve financial freedom because of this

Even before you start gambling, you should have informed yourself about the high possibility of losses. So, if you can not bear the losses, better to abstain because they will end up to cause serious issues for themselves, such a being addicted.

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February 03, 2025, 12:59:31 PM
 #482

Maybe borrowing from someone you know like a friend or family member will not have any interest, but nowadays many people borrow money online and not just for gambling. In my environment, many people borrow money online and sometimes some of them are late in paying or cannot pay at all and it is clear that this type of loan has interest, so when they are late in paying or cannot pay, the interest can swell to be bigger and that will put extra pressure on them if they do not pay it off immediately and may make them stressed.
I myself have a principle not to borrow money if it is not because of an urgent situation.
Having the principle of not borrowing money is indeed a really good principle to adopt,, for some other person,  it's a life style and so they don’t really care because they are used to it and now have it as a pattern and a life style so they don't  actually even have reason  to stop, and the aspect of borrowing to gamble literally is a very wasteful way of spending the money you borrowed, more like money that does belong to you.
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February 03, 2025, 01:24:08 PM
 #483

If the gambler is not in any influence, whether drugs or alcohol, he for sure can still make logical decision. But even if he is with clear mind if he is very addicted to what he is doing, he can still make desperate decisions especially if he is losing and he's chasing his losses.

Yea, you gave it a better definition (desperate decision). Desperate decision making doesn't means "uninformed decision," If the player is actually chasing losses and he is desperately in need of more money, that's when the desperation to take a loan could come in and in that particular situation, the player has two options, either to quit or take the loan but they decided to take the loan due to how desperate they are, meaning they are actually aware of when they took the loan.
This is why it’s not advisable to make decision when you’re being desperate, or when you’re not in your normal mood because that will only push you to a bad situation wherein you can’t easily make an exit. Taking a loan because you want to finance your gambling habit just to chase your losses is always a red flag. Don’t gamble if you have no personal money or extra money to bet, otherwise that will lead you to live a more miserable life just because of wrong decision-making.

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February 03, 2025, 01:43:45 PM
 #484

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?
Borrowing money to gamble is not being brave, but being plainly stupid, forgive me for using that word but it's exactly what it is.
Maybe some gamblers might have taken this type of risk before and succeeded, this does not mean this is the right thing to do.

It is even another wrong thing to compare borrowing money to set up a business and borrowing money to gamble, this two are not the same and should not be compared. In business, even if it fails, you can not lose everything, this is disregarding the fact that one has more chances of succeeding in borrowing money to start up a business, than borrowing to gamble, in gambling, whatever is lost is lost forever, this is something every one should always think about and consider before ever thinking of borrowing money to gamble.

And also to say for myself that this is the last thing I would ever do, or allow anyone close to me do, better to invest the borrowed money than gamble with it.

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February 03, 2025, 01:55:55 PM
 #485

Even before you start gambling, you should have informed yourself about the high possibility of losses. So, if you can not bear the losses, better to abstain because they will end up to cause serious issues for themselves, such a being addicted.

Personally I think we should not invest large amounts of money in gambling. I can win in gambling, but I have to think that I will lose the money. If I win in gambling, then I was lucky.

It is impossible for us to gamble and not lose money. So we should not spend such an amount of money in gambling that if we lose that amount of money, we can go bankrupt. Or we cannot live our life properly. We all have a budget for our monthly expenses. We should gamble only if we have money in excess of our monthly expenses budget, or stay away from gambling.

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February 03, 2025, 04:00:58 PM
 #486

I think that you will never be able to come to the belief that you have enough ability to guarantee victory because after all gambling is very different from business, there is no way that can lead you to victory except luck and as we know that luck is something that can never be controlled because it is something that is natural.

Another reason is that gambling is a business for casinos where they create gambling with the aim of seeking profit and they seek that profit from the defeat of gamblers, or simply the casino creates a system which overall will make gamblers lose more often than win, so that is the reason why gambling can never be used as a place to make money because after all you will never be able to beat the dealer who creates and organizes all the games.
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February 04, 2025, 01:25:09 AM
 #487

I think that you will never be able to come to the belief that you have enough ability to guarantee victory because after all gambling is very different from business, there is no way that can lead you to victory except luck and as we know that luck is something that can never be controlled because it is something that is natural.

Another reason is that gambling is a business for casinos where they create gambling with the aim of seeking profit and they seek that profit from the defeat of gamblers, or simply the casino creates a system which overall will make gamblers lose more often than win, so that is the reason why gambling can never be used as a place to make money because after all you will never be able to beat the dealer who creates and organizes all the games.
Of course luck is something that cannot be predicted and cannot be forced to happen, luck will happen by itself if it is the time so there is no victory that can be forced to be obtained. Many people force themselves to gamble continuously with the statement of pursuing victory or wanting to recover losses, this is true because there are indeed quite a few people who experience it. With those who gamble by using their skills or knowledge, they cannot guarantee that they will be able to win, let alone those who gamble purely relying on luck. Therefore, players should be aware that the chances of winning they have tend to be lower than the chances of losing which are much greater. And this is not a strange thing because as you said the purpose of the casino is to seek profit from the many people who visit to bet their money, what must be considered is that if you really like to gamble, you must be able to protect yourself so as not to experience serious addiction.
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February 04, 2025, 02:37:38 AM
 #488

Personally I think we should not invest large amounts of money in gambling. I can win in gambling, but I have to think that I will lose the money. If I win in gambling, then I was lucky.

It is impossible for us to gamble and not lose money. So we should not spend such an amount of money in gambling that if we lose that amount of money, we can go bankrupt. Or we cannot live our life properly. We all have a budget for our monthly expenses. We should gamble only if we have money in excess of our monthly expenses budget, or stay away from gambling.
Anyone can get a big win in gambling if they are lucky in this matter, and it is true what you said we do not have to invest a large amount of money in gambling and no one suggests it. Even though we think that we can get a big win in gambling but we must be able to think the risk of losing more money will occur because there is no guarantee that in gambling we can get a big win.

It is true what you said it is impossible for a player to gamble and not lose money, in gambling losing money is something that is likely to happen to everyone who gambles. And this cannot be avoided by the players, but by minimizing the losses it can be because it depends on ourselves who do what kind of gambling.

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February 04, 2025, 02:42:03 AM
 #489

Basically, it is certainly not good to borrow money for gambling but, if you have a strong instinct and high confidence to be able to win gambling with borrowed money, then it is not a problem because you will still be able to repay. But indeed, it will be very worrying if you  do not have another plan  to be able to pay off debts, or maybe you have a bad plan at the beginning not to pay off debts. Then ofcourse, it is a big mistake, moreover in gambling the results cannot  be predicted because victory comes with luck. So, if you are unlucky,  then no matter how much effort you put in, you will still lose and make a mess of yourself losing in gambling, and not being able  to pay off the debt.
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February 04, 2025, 05:10:38 AM
 #490

Yea, you gave it a better definition (desperate decision). Desperate decision making doesn't means "uninformed decision," If the player is actually chasing losses and he is desperately in need of more money, that's when the desperation to take a loan could come in and in that particular situation, the player has two options, either to quit or take the loan but they decided to take the loan due to how desperate they are, meaning they are actually aware of when they took the loan.

But what the player is doing by taking the loan is wrong regardless of what the situation is. We should not be chasing losses when gambling and it is because he was chasing after his losses that he wants to take a loan to keep on gambling and there are chances that he will lose that money too because you can not become a successful gambler chasing after loses. When you lose, accept the reality that you have lost and keep gambling with a clean intention without any revenge in mind because with the revenge, you will only end up losing more money that you have lost when you first lost your bets. Loans are not good because they put you in debts that you might not come out from and then it becomes difficult to achieve financial freedom because of this

Even before you start gambling, you should have informed yourself about the high possibility of losses. So, if you can not bear the losses, better to abstain because they will end up to cause serious issues for themselves, such a being addicted.
I agreed with you, gambling is high risky thing, everyone should to be careful to start gambling, because here a gambler initial money to turn into zero, so if anyone interested to make deposit in gambling site and start betting who should bet with small amount or how much able to bear after losses.

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February 04, 2025, 05:13:49 AM
 #491

Basically, it is certainly not good to borrow money for gambling but, if you have a strong instinct and high confidence to be able to win gambling with borrowed money, then it is not a problem because you will still be able to repay. But indeed, it will be very worrying if you  do not have another plan  to be able to pay off debts, or maybe you have a bad plan at the beginning not to pay off debts. Then ofcourse, it is a big mistake, moreover in gambling the results cannot  be predicted because victory comes with luck. So, if you are unlucky,  then no matter how much effort you put in, you will still lose and make a mess of yourself losing in gambling, and not being able  to pay off the debt.
Someone who follows his instincts that say he will be able to win by gambling with borrowed money is none other than because they are addicted, and it is true that it is not a good thing when this is done, moreover, it will not affect the chances of winning to be greater. Players only have to gamble reasonably and wait for the rounds that occur assisted by luck that will make him win.

You are right, if we are not lucky then no matter how hard we try it will not be able to produce profit or victory, some people gamble with high spirits and high self-confidence also this is because they always think that they will be able to win even though the chances of losing are still something they will get.

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February 04, 2025, 06:22:20 AM
 #492

The truth is that lending money is something that is not financially recommended and for something like betting either, it would be like 2 mistakes in a row and that is not good , because in the end when you have to pay is where the big problem is, I do not recommend it, but there are people who do not learn and do it, I think that for them to benefit from multiplying the money it can happen , but the possibilities are very minimal, the risk is very great, I honestly would not do it and that is why I do not recommend that you do that, I really see that as nonsense.
Yes, lending money will not be recommend for those who want to playing gambling because they will difficult to repay the money. It is better they allocate some funds to playing gambling and not trying to chase the win. That will help them to stay away from the problem while they can playing gambling and enjoy the games for some time. When they lose the money, they must give back the money to the lender and how they can do that when they lose all of the money? They will need to think about that so they will not borrow money and will not playing gambling if they don't have any money. So it is better to fulfills their dream from gambling especially if that is from the borrow money.
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February 04, 2025, 08:31:33 AM
 #493

The truth is that lending money is something that is not financially recommended and for something like betting either, it would be like 2 mistakes in a row and that is not good , because in the end when you have to pay is where the big problem is, I do not recommend it, but there are people who do not learn and do it, I think that for them to benefit from multiplying the money it can happen , but the possibilities are very minimal, the risk is very great, I honestly would not do it and that is why I do not recommend that you do that, I really see that as nonsense.
Yes, lending money will not be recommend for those who want to playing gambling because they will difficult to repay the money. It is better they allocate some funds to playing gambling and not trying to chase the win. That will help them to stay away from the problem while they can playing gambling and enjoy the games for some time. When they lose the money, they must give back the money to the lender and how they can do that when they lose all of the money? They will need to think about that so they will not borrow money and will not playing gambling if they don't have any money. So it is better to fulfills their dream from gambling especially if that is from the borrow money.
There's no issue if you can be able to repay but come to think that on the time or moment you do consider out on taking up some loan then it do really shows that you are in short of money or have already exhausted up your funds on which on the time that there's nothing left and you do still have that urge on playing gambling for some common reason and this is why they do end up on regret since they cant be able to recover on what they have lost and the worst is that they do able to make use of the funds on which arent supposed to be used on gambling but rather in some priorities on which this is far more important. This is why when addiction do hits up then its hard to recover and this is something that you should watch out.

Really that never been that recommended on having such action because you are just messing up your life with this kind of act. So if you are really that sensible into your actions then you will be ending up on disaster. Borrowing will really be only that worth if you do make use of those funds to be applied for some investment or with some business but for gambling? Its really just that a very big problem once you cant be able to repay up such manner. This is why its advisable that you do think on whats the best for you.

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February 04, 2025, 12:12:55 PM
 #494

I think that you will never be able to come to the belief that you have enough ability to guarantee victory because after all gambling is very different from business, there is no way that can lead you to victory except luck and as we know that luck is something that can never be controlled because it is something that is natural.

Another reason is that gambling is a business for casinos where they create gambling with the aim of seeking profit and they seek that profit from the defeat of gamblers, or simply the casino creates a system which overall will make gamblers lose more often than win, so that is the reason why gambling can never be used as a place to make money because after all you will never be able to beat the dealer who creates and organizes all the games.
Someone who thinks borrowing money to make gambling their job is a really stupid person, where every day's work gets paid while gambling we have to struggle to beat the system while the system has been set up to benefit the casino owner someone will never be able to conquer gambling, unless he borrows money to run a gambling business then he will get a lot of profit but it is not easy to create a gambling business because every country has rules about gambling besides having to have a permit which is not easy.
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February 04, 2025, 01:15:27 PM
 #495

Basically, it is certainly not good to borrow money for gambling but, if you have a strong instinct and high confidence to be able to win gambling with borrowed money, then it is not a problem because you will still be able to repay. But indeed, it will be very worrying if you  do not have another plan  to be able to pay off debts, or maybe you have a bad plan at the beginning not to pay off debts. Then ofcourse, it is a big mistake, moreover in gambling the results cannot  be predicted because victory comes with luck. So, if you are unlucky,  then no matter how much effort you put in, you will still lose and make a mess of yourself losing in gambling, and not being able  to pay off the debt.

That would be even more dangerous to have high confidence to win in gambling because gambling is not something sure while confidence is just about feeling and if it is related to gambling then it is high likely result in the opposite side.
Do not borrow money to gamble just because you have confidence to win in gambling, but you can borrow money for gambling if you are sure that you can repay it although you lose the borrowed money.
In other words, we know that we will be able to repay the loan with the money from other sources (salary or something else), not from the gambling itself.

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February 04, 2025, 06:16:03 PM
 #496

I think that you will never be able to come to the belief that you have enough ability to guarantee victory because after all gambling is very different from business, there is no way that can lead you to victory except luck and as we know that luck is something that can never be controlled because it is something that is natural.

Another reason is that gambling is a business for casinos where they create gambling with the aim of seeking profit and they seek that profit from the defeat of gamblers, or simply the casino creates a system which overall will make gamblers lose more often than win, so that is the reason why gambling can never be used as a place to make money because after all you will never be able to beat the dealer who creates and organizes all the games.
Of course luck is something that cannot be predicted and cannot be forced to happen, luck will happen by itself if it is the time so there is no victory that can be forced to be obtained. Many people force themselves to gamble continuously with the statement of pursuing victory or wanting to recover losses, this is true because there are indeed quite a few people who experience it. With those who gamble by using their skills or knowledge, they cannot guarantee that they will be able to win, let alone those who gamble purely relying on luck. Therefore, players should be aware that the chances of winning they have tend to be lower than the chances of losing which are much greater. And this is not a strange thing because as you said the purpose of the casino is to seek profit from the many people who visit to bet their money, what must be considered is that if you really like to gamble, you must be able to protect yourself so as not to experience serious addiction.

Yes, that is the reason why various actions that lead to excessive aspects are always prohibited, it does not mean that you will lose but victory is always unknown at the beginning, I understand that you can win in an amount that may be quite large but what we must pay attention to and remember is that luck will not always come according to what we expect, therefore this is also the reason why greed and too high expectations should not be involved in gambling, because in fact it will only bring you significant disappointment when it turns out that the results are really lost.

Another thing is added because as I said earlier above that the bookie created gambling with the aim of seeking profit, so there is no way you can beat them because the bookie is the one who regulates everything, the last one thing that I might say I just hope that gamblers especially those beginners can use their common sense properly and correctly, because that way you will know whether gambling is appropriate or not to be used as a place to earn income.
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February 05, 2025, 03:17:41 AM
 #497

There's no issue if you can be able to repay but come to think that on the time or moment you do consider out on taking up some loan then it do really shows that you are in short of money or have already exhausted up your funds on which on the time that there's nothing left and you do still have that urge on playing gambling for some common reason and this is why they do end up on regret since they cant be able to recover on what they have lost and the worst is that they do able to make use of the funds on which arent supposed to be used on gambling but rather in some priorities on which this is far more important. This is why when addiction do hits up then its hard to recover and this is something that you should watch out.

Really that never been that recommended on having such action because you are just messing up your life with this kind of act. So if you are really that sensible into your actions then you will be ending up on disaster. Borrowing will really be only that worth if you do make use of those funds to be applied for some investment or with some business but for gambling? Its really just that a very big problem once you cant be able to repay up such manner. This is why its advisable that you do think on whats the best for you.
If you think you can repay the money, you should remember that gambling can make you forget to control yourself in gambling and that can cause you lose too much money. And when your losses become big, that will need more money to pay the money which mean you should spend more than you should do. That will be the early problem which can lead to the other problems. Your habit in borrow money will make you do that over time without thinks that everything needs limitation.

That will messing up your life if you can not realize of what you do and only a matter of time you will get more problems that will be bigger than you think. Borrow money will not recommended for playing gambling because you will lose all of your money easily.
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February 05, 2025, 04:53:28 AM
 #498

Basically, it is certainly not good to borrow money for gambling but, if you have a strong instinct and high confidence to be able to win gambling with borrowed money, then it is not a problem because you will still be able to repay. But indeed, it will be very worrying if you  do not have another plan  to be able to pay off debts, or maybe you have a bad plan at the beginning not to pay off debts. Then ofcourse, it is a big mistake, moreover in gambling the results cannot  be predicted because victory comes with luck. So, if you are unlucky,  then no matter how much effort you put in, you will still lose and make a mess of yourself losing in gambling, and not being able  to pay off the debt.
That is the most important thing, being able to pay the money that has been borrowed according to the agreement without harming anyone because even though we only gamble by relying on uncertain luck as long as we borrow money with the ability to pay, it will not be problems.
Most people gamble by borrowing money because they do not have money and they do not have sufficient income so that it is difficult to pay off the debt that has been taken, one thing that must be considered by someone who wants to borrow money is work and income to be able to calculate their ability to divide finances between expenses and income.
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February 05, 2025, 07:11:11 AM
 #499

Basically, it is certainly not good to borrow money for gambling but, if you have a strong instinct and high confidence to be able to win gambling with borrowed money, then it is not a problem because you will still be able to repay. But indeed, it will be very worrying if you  do not have another plan  to be able to pay off debts, or maybe you have a bad plan at the beginning not to pay off debts. Then ofcourse, it is a big mistake, moreover in gambling the results cannot  be predicted because victory comes with luck. So, if you are unlucky,  then no matter how much effort you put in, you will still lose and make a mess of yourself losing in gambling, and not being able  to pay off the debt.
That is the most important thing, being able to pay the money that has been borrowed according to the agreement without harming anyone because even though we only gamble by relying on uncertain luck as long as we borrow money with the ability to pay, it will not be problems.
Most people gamble by borrowing money because they do not have money and they do not have sufficient income so that it is difficult to pay off the debt that has been taken, one thing that must be considered by someone who wants to borrow money is work and income to be able to calculate their ability to divide finances between expenses and income.
I think that making loans will be very risky even if we win, we don't know how much winnings we will get from the bets we make and if the loans we take are actually greater than the winnings we get, won't that also cause problems especially if the interest on the loan is very large, besides that no matter how strong our instincts have, I think that it should not be a reference for us to gamble with large amounts, let alone having to borrow money to gamble and follow thats instinc, because basically our instincts also often influenced by emotional factors and also our mental situation, so that instincts also often deceive the mind and makes us make irrational decisions.

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February 05, 2025, 07:14:47 AM
 #500

Borrowing money to gamble is not being brave, but being plainly stupid, forgive me for using that word but it's exactly what it is.


I can’t argue with that...you’re absolutely right. Even if we ran an experiment where 100 people borrowed money to start gambling, I’m sure less than 10% would actually succeed. 

So, while borrowing money to gamble seems stupid in general, if someone has proven skills and manages to succeed, then for them, it’s not necessarily a bad move. It just means that for a small group of gifted gamblers, it might actually work.

 
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