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Author Topic: Anyone here brave enough to borrow money for gambling to fulfill their dreams?  (Read 2965 times)
EarnOnVictor
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February 06, 2025, 02:13:39 AM
 #521

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 do business is different from borrowing money to gamble, you can't rely on gambling for anything, it is majorly luck-based. Still, I won't pretend not to know the school of thought you are bringing that from, but that is what those who lost bitterly thought too, they would have had a very big expectation of their supposed skill in gambling, but before they knew it, their hard-earned money or borrowed funds is gone. What a pity!

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ethereumhunter
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February 06, 2025, 05:19:52 AM
 #522

Agreed, betting with borrowed funds is not as harmless as it may seem, especially if there are no strict rules on the separation of money. Once an individual gets to borrow money for gambling, the possibility of developing an addiction is quite high because one may be eager to make other bets to recover lost money. As the pressure is mounted to pay for the bills, decisions that are made are in most cases influenced by feelings and uncertain expectations. This can go on undetected for quite a long time without actually interfering with people’s day to day activities. This means that, it is more advisable to stop before the habit becomes one that cannot be controlled since in essence, gambling should not be a cause of one getting into a cycle that involves indebtedness for a long time.
They will think that they can make money to repay the money and get the money for them. But the reality will not always happen as they want because they will not easy to win from gambling instead lose their money anytime. That is why they must not borrow money to playing gambling because that will be too risky for them. They will get the pressure from the lender to pay the money when the time comes and that can trigger to have more problems to them. It is why they must allocate some money to playing gambling and never think to borrow money to playing gambling especially to fills their dream to make money from gambling.

I think that the topic of the thread is too much for what it really means, if everything were as the title of the topic says many people would focus on having a lot of money to bet in a casino and it is not like that.

Having money and a lot of it is synonymous with betting less and less in a casino, have you not realized that the people who have the most money never go to the casino? Or that if they go they only go to look and bet very little? Of course those who do not give importance to it spend in large proportions, but there are very few who do that, for me those who have built their fortune the most is based on effort and dedication, in the casino that money can be easily lost and that is what does not fit in their minds.
Those who have a lot of money will use their money for the positive thing such as invest to some project so they can grow their money bigger. They will not think that gambling will give them the big win but only for have fun in their spare time so they are playing gambling occasionally to spend their time. But those who don't have much money may think to borrow money from other people and think to grow the money by playing gambling but they will regret when they see that will not easy as they think. They need to open their eyes and realize that gambling will not let them to make money but only lose their money easily.
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February 06, 2025, 05:49:04 AM
 #523

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 do business is different from borrowing money to gamble, you can't rely on gambling for anything, it is majorly luck-based. Still, I won't pretend not to know the school of thought you are bringing that from, but that is what those who lost bitterly thought too, they would have had a very big expectation of their supposed skill in gambling, but before they knew it, their hard-earned money or borrowed funds is gone. What a pity!
When it comes to this manner then it would really be impossible that you wont be able to distinguish in between having loan because of business or because of gambling on which using up your own common sense will really be telling you on which one will really be that worthy and which one is really that suicide. This is why if you dont really like to mess up your life then you should be that sensible in regarding into your decisions because its impossible that you cant be able to know on whats good and whats bad. The main issue on here is that when you are that trying out to deal up with gambling then you will be having that kind of greed on which it will be pushing you out of your limits.

Borrowing money because of gambling? that would really be suicide because we know that gambling do particularly talks or having that happens on having more loses than winning. Come to think the main reason on why you do took up some loan because you dont have anymore money that you can make use of and thats why you do took up some loan on which this will really be that basically worsen up the situation even more. This is why its always been that recommended that you dont take up any loans for the sake of gambling because that will really be that a huge problem when the time comes.

R


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February 06, 2025, 08:40:31 AM
 #524

Borrowing money to do business is different from borrowing money to gamble, you can't rely on gambling for anything, it is majorly luck-based. Still, I won't pretend not to know the school of thought you are bringing that from, but that is what those who lost bitterly thought too, they would have had a very big expectation of their supposed skill in gambling, but before they knew it, their hard-earned money or borrowed funds is gone. What a pity!
If borrowing money for a business is still reasonable and indeed many people who I think are building a business borrow money either from people around them or from official parties such as banks, but borrowing money for gambling is highly discouraged and unreasonable, because this uncertain victory makes me think there is no point in borrowing money to gamble because it is possible that it will only make us lose money.

Even if they have good skills in gambling such as having good knowledge in the types of sports betting, borrowing money is still the wrong action, it is excessive behavior in gambling. I would not do it even though I like to gamble.

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February 06, 2025, 09:43:01 AM
 #525

For those who always borrow money to gamble, they should be aware that luck will not pity them when they are in a bad situation, such as when they are at the point of wanting to gamble but have no money and there will be hope in gambling by thinking that in that situation and they gamble can make them get a win that can improve the situation to be better, very lucky there are those who can get a win so they can pay off the loan and get a profit, but the problem is that it is something that is very unlikely to happen.
Of course, the bookies themselves have designed everything to be able to get a profit, by occasionally giving wins to their players, it is one way to maintain their reputation because people who win will usually spread that their casino provides easy wins, this allows them to attract more people and of course there are benefits for the bookies.

Well yes, sometimes I also feel strange why there are always some gamblers who always force the situation just to realize their desire to gamble such as those who borrow money as you mentioned, because actually borrowing money just to gamble is the same as you directing yourself to two risks, first having to face disappointment when the results are not as expected, second they also have to pay the amount of the loan to the borrower.

But on the other hand, it is a fact that it is always difficult to tell gamblers like that, and usually they always make assumptions that lead to a defense that seems like there is nothing wrong with the actions they take, and that is the thinking of gamblers who are already trapped in the shadow of the sweetness of victory, maybe they have fallen into a casino trap that makes them obsessed with winning so that they do not hesitate at all to take various actions that lead them to greater risks, and this is the danger when a gambler is too focused on winning because of a misunderstanding.
I believe it happens because of the encouragement of their thoughts that think that the next gambling can make them win, so even though they previously lost and ran out of money to gamble, they decided to borrow money and gamble again. And yes, this happens because their mindset has been wrong from the start in viewing gambling like those who think that gambling is a means to make a profit with great opportunities, while in reality it is not like that.
There is no one to blame here, because what is wrong is themselves as you said because they are trapped in the casino trap and of course it is their own fault who are obsessed with winning at gambling by forcing themselves.
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February 06, 2025, 09:51:17 AM
 #526

I think that the topic of the thread is too much for what it really means, if everything were as the title of the topic says many people would focus on having a lot of money to bet in a casino and it is not like that.

Having money and a lot of it is synonymous with betting less and less in a casino, have you not realized that the people who have the most money never go to the casino? Or that if they go they only go to look and bet very little? Of course those who do not give importance to it spend in large proportions, but there are very few who do that, for me those who have built their fortune the most is based on effort and dedication, in the casino that money can be easily lost and that is what does not fit in their minds.
Those who have a lot of money will use their money for the positive thing such as invest to some project so they can grow their money bigger. They will not think that gambling will give them the big win but only for have fun in their spare time so they are playing gambling occasionally to spend their time. But those who don't have much money may think to borrow money from other people and think to grow the money by playing gambling but they will regret when they see that will not easy as they think. They need to open their eyes and realize that gambling will not let them to make money but only lose their money easily.
Agreed with you. Rich folks don't spend unnecessarily because they have, rather they invest in what gives them more money. Rich people are scared of being poor because poverty is more than a nightmare both for a low salary earned and the rich. You only see a rich guy spend unnecessarily when they have more and am sure they don't spend unnecessarily all the time. Some of them believes gamble is for fun and that's why they gamble with their money just to have fun. Those that don't have money to gamble sometimes borrows money just to gamble because they thinking that gamble can provide profits for them as they think they are smart to win.

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February 06, 2025, 01:46:54 PM
 #527

I used to think about this too, but I notice that I would changed my strategy or play when I am risking a higher amount.
If I am only playing with a small bets I could stick with my strategy, and it seems like it is working well, however the higher the risk the harder it is for me to continue with my strat or stick with the plan, this is why I don't really want to borrow money in order to chase the amount of profit that would satisfy me.
But when I am playing with small bets and it is working well, I usually think of how great it would be if I could also pull it off with a high risk bets.

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February 06, 2025, 01:54:08 PM
 #528


If borrowing money for a business is still reasonable and indeed many people who I think are building a business borrow money either from people around them or from official parties such as banks, but borrowing money for gambling is highly discouraged and unreasonable, because this uncertain victory makes me think there is no point in borrowing money to gamble because it is possible that it will only make us lose money.

Even if they have good skills in gambling such as having good knowledge in the types of sports betting, borrowing money is still the wrong action, it is excessive behavior in gambling. I would not do it even though I like to gamble.

Business is different, although I think that there is a difference what kind of business it is, one that has been operating for a long time, or one that is just about to be launched. Because in a new business it is not known how things will go, instead of the expected profit there may be losses, this is also a risk, but it will still be lower than borrowed money for gambling.

Because in the case of a business there may be equipment or goods that can be sold and reduce losses, and if you lose everything in gambling, it will be worse, although if you stop earlier, some of the money can also be saved. It is always more difficult to work with borrowed money than with your own, because in addition to losses, you also need to think about the interest that will need to be returned on the loan.

R


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February 06, 2025, 02:04:02 PM
 #529

I won't do this. I hate debts. Cheesy As much as possible, I'd rather have people borrow from me and not the vice versa because when I am debt I cannot stop thinking about it everyday, which sucks.
I don't even have a credit card or a loan in my bank because I know I will just feel the stress everyday of trying to find out how I can pay them back quickly. What more when it comes to the purpose of gambling? Nah, it never even crossed my mind. Also, I have never seen one strategy that works good, it had always been a losing side for me.
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February 06, 2025, 02:19:06 PM
 #530

I used to think about this too, but I notice that I would changed my strategy or play when I am risking a higher amount.
If I am only playing with a small bets I could stick with my strategy, and it seems like it is working well, however the higher the risk the harder it is for me to continue with my strat or stick with the plan, this is why I don't really want to borrow money in order to chase the amount of profit that would satisfy me.
But when I am playing with small bets and it is working well, I usually think of how great it would be if I could also pull it off with a high risk bets.
You are not in that alone; when you are winning while managing your little bankroll, you get tempted to increase the amount with the idea that if it were a higher amount, the winning and profit could have been higher than what you won from your previous bet, which is what could also trigger someone to think about taking a loan in order to chase that profit, which will turn out to be double the risk; if you lose, you did not only lose the game, but also the money that was borrowed, which you will have to pay back even as the money was lost to the same system that lent it to you.

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February 06, 2025, 03:08:22 PM
 #531


Borrowing to gamble has cost many their lives, just lately, a member posted on this platform with link were a man borrowed from his friend to gamble with hope and expectations to win big but he lost everything and that led him to eventually committing suicide, yesterday again on this platform a member made a post of someone who gambled 150k and lost everything, he committed suicide. All these stories surfacing everyday should serve as a lesson to those who always have in mind of borrowing to gamble because if anything happens to them their families would be left with the debt they have incurred on them to pay.

Yes, that's correct, mate, even in the past, I can still remember the bad condition that some people ended up with because they used someone else's money to gamble  and they ended up losing the money.  Sometimes, what I tell people is that, if they actually want to take loan and gamble, they should only loan a small amount which they can be able to pay with their other source of income, so that when they lose their bet, they would not kill themselves because they wouldn't have any means of repayment.

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February 06, 2025, 03:17:56 PM
 #532

I won't do this. I hate debts. Cheesy As much as possible, I'd rather have people borrow from me and not the vice versa because when I am debt I cannot stop thinking about it everyday, which sucks.
I don't even have a credit card or a loan in my bank because I know I will just feel the stress everyday of trying to find out how I can pay them back quickly. What more when it comes to the purpose of gambling? Nah, it never even crossed my mind. Also, I have never seen one strategy that works good, it had always been a losing side for me.

Buddy you're business minded and I love that, personally am also that kind of person, am afraid of going into debt so borrowing has never been my thing, I cut my trousers according to my size and beside how will one even think of borrowing for gambling purposes, it sound very absurd for me, generally despite that there are people who doesnt see borrowing as anything, I also believe that in one way or the other such people will definetely feel bad when they are very much indebted, if they don't, why do most of them see taking their life as the next option when they are very much indebted.
I love what you said, people talk about gambling strategy but I would want to see some say there is a strategy that consistently work for them for a long period of time and I end up not seeing anyone that's to say gambling has to be done with carefulness and no more should think of borrowing all in the name of gambling.

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February 06, 2025, 03:32:03 PM
 #533


Borrowing to gamble has cost many their lives, just lately, a member posted on this platform with link were a man borrowed from his friend to gamble with hope and expectations to win big but he lost everything and that led him to eventually committing suicide, yesterday again on this platform a member made a post of someone who gambled 150k and lost everything, he committed suicide. All these stories surfacing everyday should serve as a lesson to those who always have in mind of borrowing to gamble because if anything happens to them their families would be left with the debt they have incurred on them to pay.

Yes, that's correct, mate, even in the past, I can still remember the bad condition that some people ended up with because they used someone else's money to gamble  and they ended up losing the money.  Sometimes, what I tell people is that, if they actually want to take loan and gamble, they should only loan a small amount which they can be able to pay with their other source of income, so that when they lose their bet, they would not kill themselves because they wouldn't have any means of repayment.

Yes that's right, borrowing huge amount of money to gamble can never guarantee any win even though the gambler is being decieved with sure odds which doesn't seems real. Gambling is very risky even the casino knows that and that is why they caution gamblers to gamble for fun responsibly and with funds they could afford to lose because gambling does not guarantee any win.

In as much as I am concerned, I game within my limit as borrowing to gamble is off limits for me. I do not want to get myself engulfed with issues as it relates to loan repayments as a result of gambling. That doesn't sound okay with me.

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February 06, 2025, 04:54:40 PM
 #534

Borrowing money to gamble is actually okay, or I mean there is nothing wrong with it if for example you gamble with the intention of seeking entertainment because I really understand that not everyone always has money when they want to gamble, but on the other hand it is also not too right because in any case doing other activities that do not require you to spend money is much better to do than forcing the situation by borrowing money to gamble.

But in the end I still understand that borrowing money just to realize a desire that should not be prioritized is prohibited, no other than because in any case we never know whether we will win or lose and what is feared is when the results are not as expected which clearly will only lead us to disappointment and regret.

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February 06, 2025, 05:12:52 PM
 #535

Borrowing money to gamble is actually okay, or I mean there is nothing wrong with it if for example you gamble with the intention of seeking entertainment because I really understand that not everyone always has money when they want to gamble, but on the other hand it is also not too right because in any case doing other activities that do not require you to spend money is much better to do than forcing the situation by borrowing money to gamble.

But in the end I still understand that borrowing money just to realize a desire that should not be prioritized is prohibited, no other than because in any case we never know whether we will win or lose and what is feared is when the results are not as expected which clearly will only lead us to disappointment and regret.
Borrowing money to gamble is a bad habit and I would never advise anyone to do so because it has a very bad effect to the person and to the society at large. Gambling has to do with taking of risks, no matter how much we trusted our predictions, going for borrowing to bet your game is s not option at all. I can remember when I was in school a final year student almost committed suicide because he used money that was met for his final year project for gambling. So I would always advise everyone to gamble responsiblly don't gamble with any amount of money you cannot afford to lose, remember gambling is just like a two edge sword so either you are winning or you are losing.

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February 06, 2025, 06:23:50 PM
 #536

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 do business is different from borrowing money to gamble, you can't rely on gambling for anything, it is majorly luck-based. Still, I won't pretend not to know the school of thought you are bringing that from, but that is what those who lost bitterly thought too, they would have had a very big expectation of their supposed skill in gambling, but before they knew it, their hard-earned money or borrowed funds is gone. What a pity!
Whoever believes he's a pro in gambling and have false confidence in himself decided to borrow money to gamble, he will be disappointed and might end up in frustration after losing the game. This is because the lender will come for his money, and when you cannot pay back, he might get you arrested especially, if he confirmed that the money was used to gamble.

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February 06, 2025, 06:37:33 PM
 #537

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 do business is different from borrowing money to gamble, you can't rely on gambling for anything, it is majorly luck-based. Still, I won't pretend not to know the school of thought you are bringing that from, but that is what those who lost bitterly thought too, they would have had a very big expectation of their supposed skill in gambling, but before they knew it, their hard-earned money or borrowed funds is gone. What a pity!

Borrowing money for gamble... I think that should be the worst mistake I will ever make in my entire life, even if the game is from a very reliable source I will never think of taken a loan just to bet the game if I don't have the money to gamble in that initial time I will just forget about it I don't care what will be the outcome so far as I know that gambling is luck based I will never think of doing such.

We should always know that gambling is all about luck there's nothing like skill in gambling, you know had it been there's anything like skill in gambling don't you think that the rate of loses would have reduced? Though is  obvious that whatever thing that requires puting our money is always risky. that's is either we lose our we gain, but I can't take such risk when it has to do with gambling because I don't think if the risk is Worth it at all.

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February 07, 2025, 01:10:05 AM
 #538

Business is different, although I think that there is a difference what kind of business it is, one that has been operating for a long time, or one that is just about to be launched. Because in a new business it is not known how things will go, instead of the expected profit there may be losses, this is also a risk, but it will still be lower than borrowed money for gambling.

Because in the case of a business there may be equipment or goods that can be sold and reduce losses, and if you lose everything in gambling, it will be worse, although if you stop earlier, some of the money can also be saved. It is always more difficult to work with borrowed money than with your own, because in addition to losses, you also need to think about the interest that will need to be returned on the loan.
Opening a business also has risks because there are people who go bankrupt because of the risk that has become a spice to achieve success, now if there is no risk, surely everyone who runs a business will be easy to succeed without having to hesitate to borrow money to start a business or business. When you are sure you want to start a business and everything is ready but there is a problem with funding, then borrowing money is not a problem, just don't forget to consider it carefully.

You yourself must know which things must be done even though it has to take risks, for people who are addicted, they will likely borrow money when they still want to gamble but have run out of capital, but for people who have a wise mindset, they are unlikely to do this.

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February 07, 2025, 06:50:25 PM
 #539

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.

And that's where everything starts to fail, and that's where many begin to collapse, because they are not able to pay on time and that's something that some people can't avoid, to lend if they have all the disposition to assume everything that the lender tells them, but at the time of paying, which is the true duty, other things always influence, problems or something, it's not good to lend money or to gamble or to win, I see lending money as the last economic option to take and get out of a bind that has nothing to do with games, bets or something like that.

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February 07, 2025, 07:01:40 PM
 #540

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.

And that's where everything starts to fail, and that's where many begin to collapse, because they are not able to pay on time and that's something that some people can't avoid, to lend if they have all the disposition to assume everything that the lender tells them, but at the time of paying, which is the true duty, other things always influence, problems or something, it's not good to lend money or to gamble or to win, I see lending money as the last economic option to take and get out of a bind that has nothing to do with games, bets or something like that.

Like I did said in my previous comment on this thread, it's much better to borrow money and invest in a good business where you have a better control on the success and failure of the business, then borrowing money and investing it in gambling where you have absolutely no control over your success or failure but completely dependent on luck.
One might say he or she is very good in sports prediction and feel if he or she borrows money to invest in this area of gambling, they have some level of control, but the truth is, they actually have no control at all since there are always no guarantees in this no matter how experienced a gambler is.

Op said or asked rather; if anyone is brave enough to borrow for gambling, but i say it's absolutely stupid to borrow to gamble, it's stupidity and not bravery, even the lender who lends the money and knows that the money will be used for gambling is stupid as well, there are some risks we shouldn't be taking because they are not worth the stress and anxiety that will follow when things goes the way we didn't expect it to go.

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