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

[Nothingtodo]

If you participate in gambling by taking a loan or a loan from a bank, there is a possibility of falling into a dangerous situation because if you participate in gambling by taking a loan from a bank or a friend, in that case, if you lose money instead of profit in gambling, then you become indebted to the bank or friends. Then how will you repay the loan later because you took a loan and gambled. In this way, an unwise gambler takes a loan and gambles, leading his family to ruin and he himself becomes bankrupt and runs away.

[bubilas]

Borrowing to gamble is an incredibly risky decision. Even people who start businesses often refuse to take out a loan because they understand the risks. I'd also like to point out that gambling is nothing compared to business. Everything in a casino depends on luck, so I think it's incredibly foolish.
There can be no business plan or serious pre-calculation in gambling. How can you bet your life on luck?

Therefore, you should never borrow from a bank or relatives for gambling purposes. This will only exacerbate the problem and prevent you from recouping your losses.

[xenomorfo]

The situation can be reversed because luck helps, but yes I myself do not agree to take loans for gambling because after all the chances of losing are greater than the chances of winning so yes there is no clear certainty that we will be able to get a win when betting using borrowed money.

I myself have never heard of anyone who went bankrupt because of gambling and he took out a loan to gamble again and then the results were positive, managed to get a win that could pay off the loan and cover all the losses incurred, it seems very unlikely to happen.

Well, you can be lucky and luck can help you win and therefore repay the loan and get money, for goodness sake. The point is that in most cases the opposite can occur, that is, a stroke of bad luck and not only do you lose, but in addition you have a debt weighing on your shoulders for something based on luck and this is a silly thing.

[HelliumZ]

Well, you can be lucky and luck can help you win and therefore repay the loan and get money, for goodness sake. The point is that in most cases the opposite can occur, that is, a stroke of bad luck and not only do you lose, but in addition you have a debt weighing on your shoulders for something based on luck and this is a silly thing.

It is not reasonable to gamble by taking loans from such rickshaws and relying solely on luck. I have seen many gamblers in my area who have taken loans from NGOs and gambled away from their families. They initially thought that if they took out a loan and made a profit from betting, they would be able to repay the loan with the profit, but that was not possible and instead of profit, they suffered losses again, and as a result, they were unable to repay the loan, leaving their families and homes behind and fleeing.

[dimonstration]

Well, you can be lucky and luck can help you win and therefore repay the loan and get money, for goodness sake. The point is that in most cases the opposite can occur, that is, a stroke of bad luck and not only do you lose, but in addition you have a debt weighing on your shoulders for something based on luck and this is a silly thing.

It is not reasonable to gamble by taking loans from such rickshaws and relying solely on luck. I have seen many gamblers in my area who have taken loans from NGOs and gambled away from their families. They initially thought that if they took out a loan and made a profit from betting, they would be able to repay the loan with the profit, but that was not possible and instead of profit, they suffered losses again, and as a result, they were unable to repay the loan, leaving their families and homes behind and fleeing.

The typical mistake and start of downfall of someone that becomes addicted on gambling. There a lot of successful businessman in my area that becomes poor after being addicted in online gambling during pandemic that resulted to selling their business property just to pay their loan and bloated interest rates.

I don’t support even a regular for purchasing items since I don’t want to pay interest instead I preferred savings and purchase within my current finance.

[nara1892]

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

The disadvantages of lending money to gamble is much than the advantages so we shouldn't be thinking of that at all unless you have a way to sort things out. Lending money to gamble can easily lead to addiction because when you lose the borrowed money you would want to get it back and keep chasing the loss. It's very risky and this kind of risk is not really worth taking for me.

Exactly, and that is why borrowing money is not recommended. The risks are much greater, and it is the same as doubling your risk because in most cases, when a gambler dares to take out a loan to gamble, they will continue to do so and end up digging themselves into a hole. meaning borrowing money and using it for gambling in the hope of winning big and paying off other debts they have already incurred. Ultimately, as I mentioned above, they will inevitably become mired in debt.

[xenomorfo]

It is not reasonable to gamble by taking loans from such rickshaws and relying solely on luck. I have seen many gamblers in my area who have taken loans from NGOs and gambled away from their families. They initially thought that if they took out a loan and made a profit from betting, they would be able to repay the loan with the profit, but that was not possible and instead of profit, they suffered losses again, and as a result, they were unable to repay the loan, leaving their families and homes behind and fleeing.

Absolutely, taking out loans to gamble is like people taking out loans to take out other loans, it's absurd. I strongly advise you against doing so. Play with small sums because you don't win in gambling, at most you only lose money.

[Bright0515]

Absolutely, taking out loans to gamble is like people taking out loans to take out other loans, it's absurd. I strongly advise you against doing so. Play with small sums because you don't win in gambling, at most you only lose money.

Some gamblers after losing the money they borrowed to gamble, when it is time to pay back they mostly borrow from another source and to pay back the loan because they don't have other means to get money. Such gamblers all their hopes was on their bets, so that when they win they will pay back the loan, but since their is not any guarantee at all to win a bet. When a gambler start expecting a return from gamble there's nothing more except losing. Even though they win it will be a little money. Even there it is a huge money they will continue to gamble because of greed and they will lose them all.

[Derekfunds]

It is not reasonable to gamble by taking loans from such rickshaws and relying solely on luck. I have seen many gamblers in my area who have taken loans from NGOs and gambled away from their families. They initially thought that if they took out a loan and made a profit from betting, they would be able to repay the loan with the profit, but that was not possible and instead of profit, they suffered losses again, and as a result, they were unable to repay the loan, leaving their families and homes behind and fleeing.

Absolutely, taking out loans to gamble is like people taking out loans to take out other loans, it's absurd. I strongly advise you against doing so. Play with small sums because you don't win in gambling, at most you only lose money.

Taking money from people inform of loan is the highest height of it and I don't advise or encourage people to do that because when someone started taking loan to gamble it is going into addiction already because as a gambler I mean a disciplined gambler you should know when to stop and when you should not go beyond boundary because going to take loan to gamble is going beyond boundary, because the silly part is that you don't even know if the game will play or not so imagine loaning and yet you didn't win the ticket.

[fredericktaylor]

I think gambling with loan money is very risky. There is no assurance through gambling, where there is no granted, gambling with loan money is absolutely risky. Gambling is basically for entertainment, where there is excessive financial or mental stress, entertainment is never obtained from there, so by leaving aside all our necessary money and gambling with the remaining discretionary money, the real fun of gambling can be enjoy, thereby maintaining self-control over ourselves, thus reducing the possibility of addiction. Gambling with loan money can be considered when we have backup funds which do not come under financial pressure after their loss, and there is a proper arrangement to repay the loan naturally, then we can gamble with that money by loan, otherwise deciding to gamble with loan money is very risky.

[Sonia_123]

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?

It is a very wrong idea to take a loan for gambling because gambling wins are not guaranteed, when you take a loan what about the paying back they interested how would you cope and pay back, since the money will not be refundable and will not yield any profit after placing a bet.

A true gambler does not loan to gambling but gamble with what he has and can afford to lose because he understands the principle of gambling, what you have done is right, latter that your friend will understand that what you have done to him is the best except he his an addict which he needs to be cancelled.

[uneng]

The typical mistake and start of downfall of someone that becomes addicted on gambling. There a lot of successful businessman in my area that becomes poor after being addicted in online gambling during pandemic that resulted to selling their business property just to pay their loan and bloated interest rates.

I don’t support even a regular for purchasing items since I don’t want to pay interest instead I preferred savings and purchase within my current finance.

Gambling is already unprofitable, now imagine borrowing money and having to pay interest over it while losing all the borrowed money on bets. That is the recipe for disaster. Unfortunatelly, as you have already seen in your area, it does happen and the consequences are a big downgrade on the individuals' finances. All the progress they took years to achieve is gone in a matter of few gambling sessions.

And it becomes even worse when they don't repay the loan, as debt keeps accumulating, what can cause even death threats against the debtor by loan sharks. Borrowing money should be done only in very few cases, and it must be always very well calculated, having a plan B if something goes wrong.

[DaNNy001]

Never borrow from friends, it can only be a gift to be returned but painful experience taught me you should not lend to friends as it cannot end well.   To use that money to gamble besides just lunch money small amount sized gambles seems wrong to me as I would hate to use up a gift without much thought.
  My general advice with or without borrowed money is dont risk using up money that is not spare, pay bills before you gamble then you are free and clear.   To gamble firstly with money not spare does cause harm to your chances as you are more worried and distracted by that additional consideration left untied ready to trip you up.  Give yourself the best chances and clear your path first imho.

This is a good advice but it is going to be difficult for addicted gamblers to take this advice because they are locked into gambling and this makes them do careless things just to keep funding their gambling activities...borrowing money to gamble or using money meant to pay important bills are way overboard and a line that no gambler should cross, this has a lot to do with self control and discipline