Taken loan to gamble is very risky, what do you think?

[GiftedMAN]

The fact that someone is gambling is still not enough then you go to take a loan to gamble, I think that's foolishness in abundance of that person, gambling alone is risky enough to end someone's life it can make one to commit some kind of atrocious act talk more of adding a loan to it, so long as I'm concerned any gambling that will warrant you to go for a loan is definitely after your lifr take it or leave it I'm not caping, the reason why I'm saying this is because gambling does not guarantee you winning, it possibility of win and lose is 50/50 and the possibility of losing is even more high, so I can never advise anyone to go for a loan just to gamble no matter how sure the betting is I will never do that.

Gambling is a risky business and taking a loan to gamble is the worst of it all because you will be faced with lots of pressure because you will be thinking about how to win game and you will also be thinking about how to settle your loan if the game did not bring you winning. Let's not hide anything only a greedy person who doesn't know the importance of peace of mind would take such risk when he knows there the possibility of losing in gambling is always higher than winning, no one should encourage any one to take loan to gamble and if you must gamble it should be from your little amount or a budget you make that will not affect you financially if you lose.

[Silikiem]

The fact that someone is gambling is still not enough then you go to take a loan to gamble, I think that's foolishness in abundance of that person, gambling alone is risky enough to end someone's life it can make one to commit some kind of atrocious act talk more of adding a loan to it, so long as I'm concerned any gambling that will warrant you to go for a loan is definitely after your lifr take it or leave it I'm not caping, the reason why I'm saying this is because gambling does not guarantee you winning, it possibility of win and lose is 50/50 and the possibility of losing is even more high, so I can never advise anyone to go for a loan just to gamble no matter how sure the betting is I will never do that.

Gambling is a risky business and taking a loan to gamble is the worst of it all because you will be faced with lots of pressure because you will be thinking about how to win game and you will also be thinking about how to settle your loan if the game did not bring you winning. Let's not hide anything only a greedy person who doesn't know the importance of peace of mind would take such risk when he knows there the possibility of losing in gambling is always higher than winning, no one should encourage any one to take loan to gamble and if you must gamble it should be from your little amount or a budget you make that will not affect you financially if you lose.

It’s even more risky to take a loan to gamble when an individual depends on the outcome of his gambling to pay back the loan. I know gambling is a game of luck and of course there’s a possibility that you might win a gamble after using the money taking from loan to gamble, but think about it the other way round when it doesn’t work your way, that means double debts. The only way I can advise someone to take a loan to gamble is when the person is not depending on the outcome of that gamble to pay back the loan.

[WhoYouCantKill]

It’s even more risky to take a loan to gamble when an individual depends on the outcome of his gambling to pay back the loan. I know gambling is a game of luck and of course there’s a possibility that you might win a gamble after using the money taking from loan to gamble, but think about it the other way round when it doesn’t work your way, that means double debts. The only way I can advise someone to take a loan to gamble is when the person is not depending on the outcome of that gamble to pay back the loan.

And the naked truth about gambling is that, due to house edge, the chances of losing are way higher than that of winning, and only those who are ignorant about this fact would resort to taking loans just to gamble, with hope of repaying the loan with the money won from the bet. This is the highest level of irresponsibility in gambling and anyone who’s found in this act should take a moment to retrace their steps and correct them before it gets out of hand, because such losses can have disastrous effects on the gambler both emotionally and psychologically.

[Asuspawer09]

Everyone is going to agree that loaning for gambling is probably one of the worst that you could do since you not solving any problem, you are just digging a deeper hole and it could easily get worst for sure. Gambling is already a risky thing to do if your going to loan the money just to gamble it's probably going to be super risky, and you are going to pay that in double or even more. I would never recommend that to anyone, I guess what you did was right and if he needs to lose in order to learn his lesson,he needs it, he need to realize that it is going to be difficult and loaning is going to hit him back double the amount.

Its just not worth the risk, If you are going to loan make sure that it is just for something like buying a house, or you want to get some kind of advantage like cc score or points. Loaning is not something where you just magically get a money, it is just like a credit card trap where you think that you have a lot of money or you could afford something, if you are going to loan make sure that you have the capacity to pay it, or else your just digging a deeper hole where your finances is going to negative.

[Yorubek]

Many people say that you can gamble with loan money, but i always prefer to gamble with discretionary money, as it reduces the risk of losing extra money. We will use the money when we can afford to lose it, so whatever the outcome, there will be no additional financial pressure, this will allow us to gamble with a cool head and follow the right rules, so we can stay within our limits and have self-control over ourselves, and by having self-control over ourselves while gambling, we can protect ourselves from the risk of losing extra money and addiction to gambling. So from my point of view, discretionary money is the best way to gamble.

[Africolo]

I know a lot of post has been made in this gambling board and I don't know if such has been created, but what I want to say is a situation that happened to a close friend

My friend is a gambler, a serious one for that matter. Some days ago he asked me to borrow him money to gamble and I told him not to borrow money to gamble but gamble with what he can afford to lose but he refused. Instead he went ahead to borrow from another person to pay back with interest, gues what?
He loss the game and now he is owing Capital and interest together that will surely be paid now he keeps blaming me that If I had given the loan to him, that he would have just owe me the capital without interest.

>>>>Now the question remain that Is it good to take loan to gamble?

>>>>Or is there some game that worth risking to an extent of taken loan?

No game is worth taking a loan to gamble with and I will never advise anyone who tells me he wants to take a loan to go ahead because we all know that gambling doesn't give you 100% changes of winnings and you can equally loose and when you loose you can't afford to pay pack what you have borrowed, if it's a business loan I can support people to take but gambling that's a big No for me.

When friends ask for money and they are told there's no money they feel hurt because they know the money is there and one has refused to give it out and forget you are saving them from owing. Gambling is a very risky game so anyone that wants to gamble should be sure of having his personal money not looking for someone to borrow from nor a loan app either and bet with an amount they can freely loose without regrets, taking of loans to bet is bad and people should desist from doing it.

[Byebyebtc]

The short answer is NO.

Gambling is an uncertain activity that requires money there for risking your own personal money has no guarantee or a return.
Then talking about risking someone else is worst, and such act will make you end up piling dept for your self and also destroying relationships.

Also this act of borrowing money to gamble shows a strong proof of addiction or potential addiction, which means your friend is likely to be addicted to gambling, it can only be stopped by being discipline on the the way you gamble.

[Akbarkoe]

In the end it will be subjective if you understand the risks and the ability to be responsible for taking temporary debt, in my view it is also a bad choice, it can be concluded like that but a person's point of view can change the whole situation, the benchmarks are different from each person's understanding ability in carrying out all risk decisions in finance, we always want the best and should not use loan funds for whatever reason we should, but the world is not that narrow in fact.

It makes a huge difference how you use the borrowed money. If you want to use it to develop your business, that's a good use because you clearly understand the risks involved and can estimate the potential profit and the time it will take to repay the loan. However, if you take out a loan for gambling, the risks are unreasonably high, and you can't accurately calculate the time it will take to repay the loan, and there's also the risk of losing the money.

One of them is like, let's say it's productive debt because you use it for business calculations, you know, whatever it is that can be profitable for you but still within the corridor of your ability to be responsible, meanwhile if it's for consumptive matters or, even worse, for gambling, there's no positive logic at all from an economic perspective, this can't be tolerated.

[Etranger]

The short answer is NO.

Gambling is an uncertain activity that requires money there for risking your own personal money has no guarantee or a return.
Then talking about risking someone else is worst, and such act will make you end up piling dept for your self and also destroying relationships.

Also this act of borrowing money to gamble shows a strong proof of addiction or potential addiction, which means your friend is likely to be addicted to gambling, it can only be stopped by being discipline on the the way you gamble.

Here the issue is not only addiction, but also the inability or unwillingness to earn money in other ways, or to earn it at all. There is also the underlying belief that money can simply be taken or obtained for free, which is extremely harmful, because this is available to a very small number of people, and it is available to them due to other factors that are absent for the vast majority.

[leonair]

The fact that someone is gambling is still not enough then you go to take a loan to gamble, I think that's foolishness in abundance of that person, gambling alone is risky enough to end someone's life it can make one to commit some kind of atrocious act talk more of adding a loan to it, so long as I'm concerned any gambling that will warrant you to go for a loan is definitely after your lifr take it or leave it I'm not caping, the reason why I'm saying this is because gambling does not guarantee you winning, it possibility of win and lose is 50/50 and the possibility of losing is even more high, so I can never advise anyone to go for a loan just to gamble no matter how sure the betting is I will never do that.

Gambling is a risky business and taking a loan to gamble is the worst of it all because you will be faced with lots of pressure because you will be thinking about how to win game and you will also be thinking about how to settle your loan if the game did not bring you winning. Let's not hide anything only a greedy person who doesn't know the importance of peace of mind would take such risk when he knows there the possibility of losing in gambling is always higher than winning, no one should encourage any one to take loan to gamble and if you must gamble it should be from your little amount or a budget you make that will not affect you financially if you lose.

It is a very serious mistake to take a loan to gamble and use that money for gambling. And what happens in this case is that if you lose the money while gambling, it becomes very difficult to return that money. When should you take a loan? Of course, when you do not have enough money to gamble, you will think about taking a loan, so think about how much danger it can face if you lose the money you took at that time. Many people gamble with money loans in the hope of winning a lot of money, but that is a very big risk.

[Dickiy]

It's clearly risky. In fact, I believe taking out a loan just to gamble is the biggest risk a gambler can take. It's the same as inviting other problems into our lives.

I have several friends who gamble and are all in debt. Initially, they tried borrowing money from individuals, such as those closest to them, but eventually, their habits worsened and they ended up in debt.
It makes no sense to borrow money just for an activity that doesn't guarantee winning.

[goldkingcoiner]

I know a lot of post has been made in this gambling board and I don't know if such has been created, but what I want to say is a situation that happened to a close friend

My friend is a gambler, a serious one for that matter. Some days ago he asked me to borrow him money to gamble and I told him not to borrow money to gamble but gamble with what he can afford to lose but he refused. Instead he went ahead to borrow from another person to pay back with interest, gues what?
He loss the game and now he is owing Capital and interest together that will surely be paid now he keeps blaming me that If I had given the loan to him, that he would have just owe me the capital without interest.

>>>>Now the question remain that Is it good to take loan to gamble?

>>>>Or is there some game that worth risking to an extent of taken loan?

Taking a loan out for short-lasting entertainment is a really dumb idea unless you no longer care about your life and family. And most lenders would be quite wary to lend you any amount of money if you were to actually admit to them that you are using the money to gamble.

It sounds like your friend may have a problem and should seek help.

[Fivestar4everMVP]

It's clearly risky. In fact, I believe taking out a loan just to gamble is the biggest risk a gambler can take. It's the same as inviting other problems into our lives.

I have several friends who gamble and are all in debt. Initially, they tried borrowing money from individuals, such as those closest to them, but eventually, their habits worsened and they ended up in debt.
It makes no sense to borrow money just for an activity that doesn't guarantee winning.

I once toured this path and clearly from my personal experience, borrowing or taking out a loan to gamble is the stupidest mistake any body can ever make in life, no matter how convinced the person is about winning and being able to pay back the borrowed money and keeping the profit, I say that even when a gambler borrows money to bet on a game and eventually won, he or she still made a very stupid mistake because just not justify the wrong approach of borrowing to gamble.

It is commonly said that experience is the best teacher which is absolutely true, but I still believe that it's better to learn from other people's mistake and avoiding borrowing or collecting a loan to gamble is one of the best lessons anybody can learn from other gamblers who have toured this path with no good story to tell about their experience.

[Pandorak]

Many people say that you can gamble with loan money, but i always prefer to gamble with discretionary money, as it reduces the risk of losing extra money. We will use the money when we can afford to lose it, so whatever the outcome, there will be no additional financial pressure, this will allow us to gamble with a cool head and follow the right rules, so we can stay within our limits and have self-control over ourselves, and by having self-control over ourselves while gambling, we can protect ourselves from the risk of losing extra money and addiction to gambling. So from my point of view, discretionary money is the best way to gamble.

It should be like this, gambling should only be done using personal funds or a budget that has been set aside beforehand, and of course, it should be money that you can afford to lose, because the chances of losing are greater than the chances of winning. That is an undeniable fact. When it comes to gambling loans, that is a wrong and even fatal step. Such people make decisions based solely on ego and momentary emotions, without considering the risks they will face if the borrowed money is also lost. Typically, they only start thinking about it after the loss has already occurred. This person is not a responsible gambler, and if they are your friend, it is best to keep your distance. Their habit is to drag close friends or family into the problems they have created for themselves.

[|MINER|]

Taking a loan out for short-lasting entertainment is a really dumb idea unless you no longer care about your life and family. And most lenders would be quite wary to lend you any amount of money if you were to actually admit to them that you are using the money to gamble.

It sounds like your friend may have a problem and should seek help.

Those who take loans to gamble or trade crypto do not really want their own well-being or the well-being of their families, they only run to satisfy their own greed, but ultimately, they get nothing but a life of despair.
And of course, no good organization or company will give him a loan, but he can get a loan from places that are basically illegal mafia and terrorist gangs, but if he cannot repay the loan, his life will be at risk.

[Nwada001]

Gambling is a risky business and taking a loan to gamble is the worst of it all because you will be faced with lots of pressure because you will be thinking about how to win game and you will also be thinking about how to settle your loan if the game did not bring you winning. Let's not hide anything only a greedy person who doesn't know the importance of peace of mind would take such risk when he knows there the possibility of losing in gambling is always higher than winning, no one should encourage any one to take loan to gamble and if you must gamble it should be from your little amount or a budget you make that will not affect you financially if you lose.

Greed and overconfidence are the only things that can blindly lead someone into considering taking a loan to feed their greed. Instead of them placing a bet with what they have, their greed will lead them into aiming for something bigger; if not, I don't see anyone who will take such a risk knowing fully well that if you lose, that debt will still have to be paid.

[Fiasem20]

The short answer is NO.

Gambling is an uncertain activity that requires money there for risking your own personal money has no guarantee or a return.
Then talking about risking someone else is worst, and such act will make you end up piling dept for your self and also destroying relationships.

Also this act of borrowing money to gamble shows a strong proof of addiction or potential addiction, which means your friend is likely to be addicted to gambling, it can only be stopped by being discipline on the the way you gamble.

Exactly,those that have gotten to this stage are addicted to gambling because a responsible gambler wouldn’t take loan to gamble when you know quite well that your return aren’t guaranteed no matter the strategy you’ve been using.In summary,gambling is a game of uncertainty so one shouldn’t risk other people’s money for it,whatever amount your wagering should come from your own personal money.Even if you have other source of income to payback on time without being harassed by the creditor it isn’t still advisable,gambling with your own money still fall under the principle of gambling responsibly.

[Lida93]

The short answer is NO.

Gambling is an uncertain activity that requires money there for risking your own personal money has no guarantee or a return.
Then talking about risking someone else is worst, and such act will make you end up piling dept for your self and also destroying relationships.

Also this act of borrowing money to gamble shows a strong proof of addiction or potential addiction, which means your friend is likely to be addicted to gambling, it can only be stopped by being discipline on the the way you gamble.

Exactly,those that have gotten to this stage are addicted to gambling because a responsible gambler wouldn’t take loan to gamble when you know quite well that your return aren’t guaranteed no matter the strategy you’ve been using.In summary,gambling is a game of uncertainty so one shouldn’t risk other people’s money for it,whatever amount your wagering should come from your own personal money.Even if you have other source of income to payback on time without being harassed by the creditor it isn’t still advisable,gambling with your own money still fall under the principle of gambling responsibly.

Some of the gamblers just wants to test their guts on a game when there's no funds in their hands to stake with they just fall back to looking for where to borrow to later pay back. But it's still a bad gambling behaviour no matter what, a loan for gambling shouldn't be accepted, perhaps if it was for business it can be excused but not for gambling where outcomes are uncertain and unpredictable, it doesn't make any difference between that gambler and the addicted gambler.

[DiMarxist]

Some of the gamblers just wants to test their guts on a game when there's no funds in their hands to stake with they just fall back to looking for where to borrow to later pay back. But it's still a bad gambling behaviour no matter what, a loan for gambling shouldn't be accepted, perhaps if it was for business it can be excused but not for gambling where outcomes are uncertain and unpredictable, it doesn't make any difference between that gambler and the addicted gambler.

Borrowing money just to gamble is a very very unhealthy habit, because gambling outcomes are uncertain and there is no sure guarantee of winning. Taking a loan under such conditions only increases pressure and can easily lead to debt problems. Just like you said, even though some people try to excuse it as testing their guts, it does not really make it different from gambling addiction. When someone starts borrowing to gamble, it shows a loss of discipline and control. At least with a business loan, there’s a plan and a productive purpose, but gambling offers no such assurance. In the long run, borrowing for gambling often causes more harm than good.

[CryptoHeadlineNews]

Some of the gamblers just wants to test their guts on a game when there's no funds in their hands to stake with they just fall back to looking for where to borrow to later pay back. But it's still a bad gambling behaviour no matter what, a loan for gambling shouldn't be accepted, perhaps if it was for business it can be excused but not for gambling where outcomes are uncertain and unpredictable, it doesn't make any difference between that gambler and the addicted gambler.

Borrowing of money to gamble is actually the worst way of trying one's gut to be honestly speaking regarding what O.P's friend just did. Because for me, I'm even very much happy he lost the bet and now has a depth and interest to pay for. Because for me, one principle I have always had is to only gamble when you have the opportunity and funds to do, and not going extra miles to borrowing money when  you don't have financial capability to do so to gamble where it's outcome is a product of random agorithm and luck. Because it would have been better if the borrowed money was used in investing in Bitcoin or start a business, rather than used in gambling.