Don't Gamble when you are Broke

[nara1892]

Surveys prove that the average person who gambles is from the lower middle class, where those who have a difficult economy still gamble because what is on their mind is that they can change their fate and one day become billionaires, as well as people who are desperate or have experienced many problems then decide to gamble and they end up losing all their money and further destroying their lives, gambling when bankrupt is the same as us deliberately being on the edge of a cliff and hoping for someone to help but still fall.

Yes, what you said is a fact that really happens in the gambling environment, I often see gamblers who put high hopes on gambling, thinking or expecting that they will be able to get a big jackpot that can change their lives and usually that mindset appears after they see many shows of wins that have been successfully obtained by other people, one of which is from streamers or influencers.

In most cases, they are usually people who are victims of shows made by streamers who show big wins very easily which ultimately changes people's perspective on gambling, and the majority of them are usually people who are experiencing financial problems like the one you said, in the end, they will usually feel significant regret.

[lizarder]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

This is a bad decision because when we are bankrupt, to get involved in gambling, we definitely have to borrow money from other people. The decision to gamble in a condition like this is a big mistake because emotionally we cannot control so all that arises is emotion. If emotions are unstable, it can lead to wrong decision making and in the end someone will lose more money.

Gambling is not an activity that can provide consistent wins, so you need to consider when you want to bet and in the state of bankruptcy that we feel but still force ourselves to gamble, it will cause much bigger problems.

[HelliumZ]

A broke person can not gamble because he does not have money from the start. A person with financial troubles is the one who should look on gambling as on a solution. From the other hand, if a person is already broke, why not give gambling a try, as he has nothing left to lose? I mean what would go wrong if a person turns worse situation into even more worse? Why not use any possibility to get out of troubles if you are already deeply in it?

This is where a gambler's failure lies. When he has enough money to bet, he continues to gamble, and even if he loses, he continues to gamble in the hope of recovering from the bet, thus ultimately getting into financial trouble. A gambler basically puts himself in this financial bad situation. If he can plan ahead and refrain from gambling, he will not have to face such a bad situation. However, by being excessively greedy, he puts himself in trouble.

[Olatundespo]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

This is a bad decision because when we are bankrupt, to get involved in gambling, we definitely have to borrow money from other people. The decision to gamble in a condition like this is a big mistake because emotionally we cannot control so all that arises is emotion. If emotions are unstable, it can lead to wrong decision making and in the end someone will lose more money.

Gambling is not an activity that can provide consistent wins, so you need to consider when you want to bet and in the state of bankruptcy that we feel but still force ourselves to gamble, it will cause much bigger problems.

Taking out a loan to gamble and continuing to gamble is a bad decision for the gambler and drives them even more negatively which can set a bad example for others. If you are determined to continue gambling and cannot restrain yourself, then you should promise not to go near gambling. You have family responsibilities and instead of engaging yourself in alternative income to meet the daily needs of the vulnerable if you continue gambling with a loan, you will lose your wealth and put the lives of your family members at risk. Not only to get consistent wins, you should remember that gambling should be limited to entertainment and the amount of losses will be much higher. I do not only thinking the risk of losing money for those gamblers I consider the huge loss of their other real assets and the amount of their losses that their family members have to bear liability.

[Cryptmuster]

This is a bad decision because when we are bankrupt, to get involved in gambling, we definitely have to borrow money from other people. The decision to gamble in a condition like this is a big mistake because emotionally we cannot control so all that arises is emotion. If emotions are unstable, it can lead to wrong decision making and in the end someone will lose more money.

Gambling is not an activity that can provide consistent wins, so you need to consider when you want to bet and in the state of bankruptcy that we feel but still force ourselves to gamble, it will cause much bigger problems.

Even without borrowing money, gambling is a very emotional activity, when you gamble, you’ll always find yourself in emotional situations where you have to make decisions or place bets. If you’re gambling with borrowed money, it only makes things worse, because on top of trying to win, you’ll also be thinking about the fact that you’ll have to pay those debts back, and that responsibility creates additional pressure.

In gambling, you can never predict in advance how much profit you’ll make, or whether you’ll make any at all. It’s entirely possible that you might lose the borrowed money, making your problems even worse, because besides your losses, you’ll have a debt that you’ll still have to repay.

[Hispo]

Anyone how many not have the money necessary to go beyond their basic needs (when comes to expenses) and yet decides to gamble shows a serious lack of responsibility, common sense or are simply already addicted to gambling to begin with.

Interestingly enough there is a strange exception when comes to gambling and poverty: lotteries. I consider casino games to be something like "active gambling" and lotteries being "passive gambling", and there is a lot of broke people who prefer to still partake in passive gambling for the sake of solving their problems through luck, some have manage to, but obviously the chances are minuscule...

Better to resort to plan ones economical expenses and incomes, on order to save money slowly but steadily.

[madnessteat]

^

One of the worst decisions is to gamble with borrowed money. I believe that borrowing money can only be used in a few cases: to improve your education to increase your salary, to buy transportation or equipment to increase the productivity of your business, to use borrowed money to make a down payment on a mortgage. Anything else makes no sense as it entails serious risks. These cases, of course, also carry risks, but sometimes it is simply impossible to fulfill them without borrowed funds.

[Smartvirus]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand

This is a generally conceived thought in the minds of most struggling gamblers without a steady or more sustainable source of income. You find these kind of persons in the gambling outlets every other day, trying to see if they could get something off their predictions with their last bucks. For most, they don’t get a dime while for others, they could get lucky.

Often at times, these guys don’t get to win and still, they continue to play. That’s to tell you that, aside from not having to win, the fact that they’ve got promise of a win even before the game is lost, it gives them hope to see through several hours before the result finally breaks.

[maydna]

Surveys prove that the average person who gambles is from the lower middle class, where those who have a difficult economy still gamble because what is on their mind is that they can change their fate and one day become billionaires, as well as people who are desperate or have experienced many problems then decide to gamble and they end up losing all their money and further destroying their lives, gambling when bankrupt is the same as us deliberately being on the edge of a cliff and hoping for someone to help but still fall.

They hope they can win much money from gambling. So they still gambling and spend their income to gamble. They don't think that they will still difficult to change their lives from gambling because gambling is not a source of income. If they can think clear and wisely, they will not too often playing gambling and even if they want to playing gambling, they will not use much money. They will not gambling when they are broke because they know the situation is hard for them and they must use their money to survive. No one will help us so we must not risk ourselves by playing gambling.

[Zadicar]

^

One of the worst decisions is to gamble with borrowed money. I believe that borrowing money can only be used in a few cases: to improve your education to increase your salary, to buy transportation or equipment to increase the productivity of your business, to use borrowed money to make a down payment on a mortgage. Anything else makes no sense as it entails serious risks. These cases, of course, also carry risks, but sometimes it is simply impossible to fulfill them without borrowed funds.

Totally that a suicide stuff if we do talks about on making up such actions on which trying out to borrow or taking up a loan just for you to be able to gamble on which this is the dumbest thing that you would be doing or simply you are just that looking for some trouble. When you do saw that you do only have that small amount of money then it will be just that common sense that you shouldnt be that risking into the amount on which are intended for other things because if you do then it will definitely be messing up everything. Taking up some loans just because you do believe that gambling could be able to solve all those loses that you had earlier? People never ever learn and they would be only trying out to make those actions on what they do have in mind but on the moment that they do mess up then this is where regrets will definitely happen and this is something that you must consider on doing so.

[l3pox]

Surveys prove that the average person who gambles is from the lower middle class, where those who have a difficult economy still gamble because what is on their mind is that they can change their fate and one day become billionaires, as well as people who are desperate or have experienced many problems then decide to gamble and they end up losing all their money and further destroying their lives, gambling when bankrupt is the same as us deliberately being on the edge of a cliff and hoping for someone to help but still fall.

They hope they can win much money from gambling. So they still gambling and spend their income to gamble. They don't think that they will still difficult to change their lives from gambling because gambling is not a source of income. If they can think clear and wisely, they will not too often playing gambling and even if they want to playing gambling, they will not use much money. They will not gambling when they are broke because they know the situation is hard for them and they must use their money to survive. No one will help us so we must not risk ourselves by playing gambling.

if you have low income it is much better to invest the money than to spend in gambling
gambling is not an investment, it is spending, it's risky and probably won't return, the odds are against you

when I say investing I'm talking about buying BTC, buying bons, stocks, whatever you want.

it's much better to wait to gamble after you have a more stable source of income and have at least some disposable income

[Finestream]

Some people put their bad situation as a reason for gambling without thinking that this worsens the problem. Some become blind and careless with their actions because what drives them is their emotions. Uncontrolled emotions will certainly not give us good things, but bad things.

However, people just learn from their mistakes after getting in trouble. That is why I don't stop people from doing this because I want them to realize their wrongdoing and make it a reason for them to be more responsible in their actions in the future.

[Eternad]

However, people just learn from their mistakes after getting in trouble. That is why I don't stop people from doing this because I want them to realize their wrongdoing and make it a reason for them to be more responsible in their actions in the future.

I will do this if the person involved is not close to me but I will not tolerate this action if a family member is doing this.

As an experienced gambler, we knew already what will the most possible outcome on doing this gambling with problem so we have responsibility to guide others that doesn’t experienced this to save them from a disaster that will come to them if they continue.

Experience is a great teacher but sometimes a word of advice can save people from addiction.

[Hispo]

...

However, people just learn from their mistakes after getting in trouble. That is why I don't stop people from doing this because I want them to realize their wrongdoing and make it a reason for them to be more responsible in their actions in the future.

We are talking about alledgedly responsible adults after all, arent we?. Besides, it has become very common for people to believe gambling could be their solution economically not to take the advise of others about how much they are supposed to gamble or even if they should quit gamble completely, they get very stubborn when comes to what other tell them what to do with their money. That is why I agree with you in allowing them to learn from their own experiences and then realize how things actually work within the world of gambling and even betting.
In the best case scenario they will see there are more secure and relational ways to recover from their bad situation than just opting for their luck...

[The Cryptovator]

At this point, I agree with OP, and this is an important point for gamblers. Gambling when you lost and broke would be quite dangerous because instead of focusing on the gamble, you might just think of recovering lost funds so quickly. But the reality would be different, and at the end of the day, you may have lost more money. This is actually an emotion that we should control; when we become financially down, then our mind and emotions become unstable. That drives us to take the wrong decision at all and lose more money as well.

Often when gamblers face this situation, they even gamble with their savings, borrow funds from friends and family, and end up losing everything. So it's quite important to explain yourself; just gambling while you are broke is a wrong decision, and it won't solve anything. You need to take a break and try to have a fresh start. So it would make you a winner again if you have a proper strategy and plan.

[lizarder]

Even without borrowing money, gambling is a very emotional activity, when you gamble, you’ll always find yourself in emotional situations where you have to make decisions or place bets. If you’re gambling with borrowed money, it only makes things worse, because on top of trying to win, you’ll also be thinking about the fact that you’ll have to pay those debts back, and that responsibility creates additional pressure.

In gambling, you can never predict in advance how much profit you’ll make, or whether you’ll make any at all. It’s entirely possible that you might lose the borrowed money, making your problems even worse, because besides your losses, you’ll have a debt that you’ll still have to repay.

The case can be different when someone gambles without using borrowed money from another party because someone can manage the risk by using their own money when gambling. When borrowing money from other people emotionally we will face the problem of returning the loan so that in this condition the risk will be much greater. Both do have risks, but it is much better when gambling with your own money because even though we know that we cannot guarantee victory in gambling, it does not cause much bigger problems.

The possibility of losing money in gambling is indeed difficult to predict, therefore using other people's money is much riskier than using your own money. We can limit gambling involvement and maybe the way is much easier when we have control and do not force ourselves to be involved in it using other people's money.

[eisen33]

Some people put their bad situation as a reason for gambling without thinking that this worsens the problem. Some become blind and careless with their actions because what drives them is their emotions. Uncontrolled emotions will certainly not give us good things, but bad things.

However, people just learn from their mistakes after getting in trouble. That is why I don't stop people from doing this because I want them to realize their wrongdoing and make it a reason for them to be more responsible in their actions in the future.

That’s right people learn from their mistakes, sometimes those mistakes are costly, sometimes not so much, but people absorb lessons best when they make mistakes themselves. It’s much harder to learn from the mistakes of others, and I think in gambling especially, people who are just starting out usually won’t lose big money right away. A few mistakes, a few losses and that helps them understand whether it makes sense for them to continue playing or if it’s better to stop. The most valuable lessons we learn are the ones we pay for with our own money.

[maydna]

~snip~

if you have low income it is much better to invest the money than to spend in gambling
gambling is not an investment, it is spending, it's risky and probably won't return, the odds are against you

when I say investing I'm talking about buying BTC, buying bons, stocks, whatever you want.

it's much better to wait to gamble after you have a more stable source of income and have at least some disposable income

Agreed. We can wait to gamble after we have stable source of income so we have money to start gambling. We don't need to risk our money for our daily need to gambling just to expect we can make money from gambling. That will be use if they are broke and don't have much money to survive. Gambling can make them lose all of their money they have so they will difficult to survive.

The right thing they can do is survive in the hard situation while they search for the other ways to earn money. They don't have to gamble as usual because of the hard situation so they can think of what they need to do to have more money.

[Questat]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand

Some people get into gambling without thinking that they could lose their money. Some just get into gambling because of what they saw on social media. That is why when they face financial problems, they'll think that gambling could help and solve their problem. Unfortunately, gambling is not made for such a thing. Instead, this is just made to make people have fun.

In fact, the warning is very clear that we should gamble responsibly. It is a big mistake to make gambling a solution to our financial problems. Otherwise, this will even worsen the problem.

[Strongkored]

Most times people gamble when they are broke thinking and believing that they will make money but ends up losing even the remaining small money that is in their hand , gambling when you are broke is one of the worst things that anyone can do because when anyone is broke there are alot of things that are going on in the mind of such a person and for gambler's the huge to gambling will come on propelling then to gamble that they will bounce back, this is what many gambler's has experienced so we should try as much as possible not to gamble while we are broke as it will lead to more worries and regrets

If a gambler gambles when he is broke, it is very likely that the money he uses next to gamble is money he cannot afford to lose, or worse, the result of debt, so that the pressure is even greater to produce, even though it is difficult to win when normal, let alone when he is broke because the mind is under pressure, it is very possible to make mistakes in making decisions.