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

[DubemIfedigbo001]

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. 

First of all I would like to congratulate you for saving yourself from giving out money that may never be repaid, I can tell you that if you had borrowed out the money to your friend, even if he had won the game, he would surely not have returned your money. instead he would've claimed to try multiplying it and loose everything in the process. His going out to borrow with interest shows just how much gambling addiction has eaten deep into his personality.

He would not stop there; he would go around borrowing more to pay back debts or play more games. Just make sure not to serve as a guarantor to any of his borrowing escapades.

 

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

Hell no! Taking a loan to gamble is a bad debt. Gambling is not a business activity and there is no definite ROI in gambling, it is better to gamble not just with your own money, but funds you are willing to loose.

 

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

Again NO! I have taken soft loan in the past to gamble on purchased fixed matches which I won some of them but I don't try it anymore and would never advice anyone to do the same

[batang_bitcoin]

Don't tolerate your friend by lending him money. It's going to be your daily problem if you have allowed that. But that's good that you have never given him any loan for him to gamble. Well, at least for him he's honest that he told you where he'll use the money. It's rare to see gamblers telling you the actual reason why they're borrowing money.

You're correct, many people I know they ask money with a reason for emergency needs or daily needs, this make people willing to give money because it's an important matter. Even users in this forum are asking money with a reason "personal", but I know there was someone who said that actually use the money for gambling.

It's a simple thing, if someone is really good in gambling, there's no way they will ask for money because they can multiply their own money.

Yeah, you cannot be sure if they're telling the truth about the emergencies. But as someone who worries with others, you're for sure going to think that it's a genuine reason. Unless that person is a known gambler, you'd know that they're telling a lie and they're not going to give the actual reason for them to be able to successfully borrow. In real life, this really happens and I've got relatives that have done this but to no avail when our other relatives have learned their addiction, they're no longer helped by them and to avoid being an accomplished to their addiction.

[Tipstar]

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 loan to gamble is the first sign of gambling addiction. This is a sure way of your economic destruction. There might be rare cases of people gambling to success with loaned money but 99% of people who gambled with loan would eventually fail.
Giving loan to people who you know would use it for gambling is another gamble of its own. They might promise you they'll give it back to you even though they lose but it would a difficult way forward getting that money back if they lose. These gamblers often pay higher interest but as we know larger interest rate means bigger risks. You are better off gambling your money yourself than loaning it to a gambler.

[Olatundespo]

>>>>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?

Imo, it is not good to take a loan for gambling because the chances of winning in gambling are very low. If you are very lucky you may win some amount but it is very limited compared to the loss. After taking a loan you may have an obligation to repay it within a certain period of time. If you do not repay it within that period, your debt will continue to increase in the form of compound interest. The level of loss in gambling is much higher than the level of winning, so you should finance your gambling from your own means.

There is no such gambling game where you will have a high chance of winning. There is a high chance of losing in every game, but if you bet on the team by analyzing it while betting on sports the winning amount may be higher. But you should not take the risk of betting with a loan.

[johnsaributua]

Even borrowing money with interest is, IMO not something that should be done, if the principle is to develop the business, even if it is 25% of our total portfolio (for reserve funds), so that it can be repaid effectively without disrupting the portfolio or capital we have.

In general, borrowing money is seen as a sign of being in a tight spot or having urgent needs. in my opinion, that is wrong, especially if it is used for something uncertain like gambling, because the situation can turn around, and the losses can be even greater in a short time, like your friend. If your friend thinks that way, it is very wrong, because it is better to enjoy life without debt and without interest, better to set aside daily money that you are willing to lose.

Your attitude is wise because it is better to be blamed temporarily than to have to collect money with difficulty. I realize that our finances are sometimes unstable, so it is better to lend money to people in need, perhaps in contexts where help is warranted.

After that incident, I think he will try to auction off his belongings or property, regardless of the losses and hardships in the future, because he will lose his mind and do anything to satisfy his gambling addiction. This will inevitably cause many people to suffer indirect losses or even dare to borrow money from anyone they meet.

This situation can even favor anyone because of the sensation felt by users, who think only of doubling their profits even though they only have a few chances, unless they just want to play and can control their emotions and desires.

[Fivestar4everMVP]

>>>>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?

Imo, it is not good to take a loan for gambling because the chances of winning in gambling are very low. If you are very lucky you may win some amount but it is very limited compared to the loss. After taking a loan you may have an obligation to repay it within a certain period of time. If you do not repay it within that period, your debt will continue to increase in the form of compound interest. The level of loss in gambling is much higher than the level of winning, so you should finance your gambling from your own means.

There is no such gambling game where you will have a high chance of winning. There is a high chance of losing in every game, but if you bet on the team by analyzing it while betting on sports the winning amount may be higher. But you should not take the risk of betting with a loan.

Exactly the point, never take the risk of betting with a loan or borrowed money no matter how high your chances of winning a bet is, because at the end, and no how high the chances of winning is, there is always no guarantee at all, I have watched several matches where the strong team ended up losing to the supposed small and weaker team, whereas everyone thought and were betting on the strong team to win.

So, borrowing money to gamble is not something that should be encouraged at all, its very bad, even worser than gambling addiction because one may ended up oweing an amount of money he or she cannot afford to pay back, like someone here in my country who ended up committing suicide after he saw that there was no way to payback the money he borrowed and lost it all on gambling.

[passwordnow]

This topic has been discussed so many times on this board. However such stories will not end because people will always go the extra mile to satisfy their uncontrollable urge. I think your friend is suffering from gambling addiction. He need to reconsider his gambling activities, take a break or seek professional help. Anyone who goes to the extent of borrowing with interest because of gambling is not a responsible gambler.

You're right, topics like this are nothing unusual because several topics were made before about this already and everyone has the same answer that it's always been very risky to take a loan when you are about to gamble. Too many problems will be caused by it and made by that mistake. If someone goes to that point of borrowing, we know that they're not responsible and you're right. They have the guts to spend other people's money just to gamble and will plead that they're going to use the money for better cause but the reality isn't that. They're going to use the money for them to keep on gambling and that's the reason why many are being put into debt due to that bad action.

[Bitinity]

>>>>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?

Depending on your actual finacial situation. It is fine to take a loan for gambling with a condition, it is when you are having a source of income such as a weekly/monthly salary which much bigger than the amount you take from the loan. In other words, you know that you will be able to repay the loan even if you lose the loan in gambling. Still, it is not recommended to take a loan purely for gambling especially if you take a loan and your hope or plan is to repay the loan if you win in gambling.

[len01]

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?

The worst thing your friend did and honestly, I really dislike it is being a compulsive gambler who loses and then blames others. It’s a very foolish behavior. It might sound harsh, but this is one of the most frustrating habits. Gambling should be a fun way to try your luck with small amounts. But some people get reckless, thinking gambling is a way to double their money. They end up borrowing money to gamble, and now they’re facing the consequences of their choices. This kind of behavior is not recommended for anyone because it’s far too risky.

[Awaklara]

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

From the experiences of friends that you have shared, do you still not draw any conclusions from your own questions? Only when you have funds ready to pay off the loan can you do so, and the amount, of course, should not exceed your income. If you do not have an income, it is better not to borrow. If you still cannot resist gambling, sell your assets and become homeless.

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

There is no casino game worth the risk of gambling with borrowed money, especially with interest. If you are lucky, it will all be worth it. But if you lose, what is visible is the gateway to financial destruction.

[Luzin]

From the outset, using hot money is not recommended. Trading, gambling, or anything else of that nature. I prefer to use the money I have without adding to my worries if I lose. Using borrowed money for gambling will cause more stress because the risks are greater. But if you are prepared for the risks, then borrowing money is not a bad thing. Consider everything carefully so that you don't regret it and cause yourself financial difficulties.

[sunsilk]

From the outset, using hot money is not recommended. Trading, gambling, or anything else of that nature. I prefer to use the money I have without adding to my worries if I lose. Using borrowed money for gambling will cause more stress because the risks are greater. But if you are prepared for the risks, then borrowing money is not a bad thing. Consider everything carefully so that you don't regret it and cause yourself financial difficulties.

The same idea as mine. I wouldn't worry if it's my personal money that I'll use for gambling. Because if I lose, there is no one that will bother and chase me from that moment.

But if the loaned money is used for that, there's for sure the chasing and nonstop bothering if you're an irresponsible gambler. So, they are right about it.

That those who borrow money to gamble, they're the most irresponsible gamblers that we shouldn't patronize and copy what they do. If you can't afford to gamble as of the moment, don't do it. Wait until you have some personal money to be spent for gambling purposes.

[Ishicryptic]

Gambling is not a business or an investment that you are sure of making profit at some point so it is a very big mistake to collect loan to gamble, the chances of losing your money is higher than winning because of the house edge. You need to be lucky to win in gambling, even games that requires skills that you can analyze still needs luck to win so borrowing to play any game is doubling your risks. It is better to use your own money to gamble and the amount should be what you can afford to loose so if you lose it won't affect you negatively.

[Free Market Capitalist]

>>>>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?

The way you put it, it sounds like you're either dumb or 15 years old. For gambling in general, of course it's not a good idea to take out a loan. But there are exceptions to this. For example, there are cases of winning poker players who don't have enough bankroll to enter a high-stakes table where there is a whale, and they take out a loan to be able to enter. In those cases, it makes more sense. But debt involves risk, and debt for gambling, even in a game where you are capable of making a profit, involves even more risk. If it is for gambling in general, that is, for casino games, you have to apply the saying that a fool and his money are soon parted, in this case with other people's money.

[swogerino]

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?

That is the most catastrophic thing one can do to himself. I know quite some persons that took a loan to gamble and they even made their condition much worse. When this person is a friend then, it means like that saying goes, "when you borrow money to a friend, think before which one you value more, your friendship or your money as you may lose both friendship and money this way" so don't start this spiral as no good can come from this. Usually the person who get borrowed money loses in gambling because he is not that much concentrated. I have never done this as I know it will go down south for me and most people who keep playing with borrowed money.

[Dr.Bitcoin_Strange]

@OP, there are many similar topics on this board but I guess you started this topic because of your friend who ended up in debt because he took a loan to gamble and ended up losing the bet. On this board, there are so many similar cases and other cases of people that used up the money that they were asked to keep, instead of keeping the money safely since it's not there's, they used it for gambling and lost it. I believe you already know the answer to the question you asked because your the experience of your friends explains it all why people don't need to borrow money for gambling. There's nothing more to say that is more than the incident that happened with your friend.

[fredericktaylor]

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?

The main purpose of gambling is for entertainment, not for making money. I think that having a prudent income is very important to manage gambling properly because we do not know any specific information about the future, so we should gamble with money that we can lose, so we do not need to take extra risks. Taking a loan for gambling is very risky. It is not possible to say for sure that we can pay off the loan by gambling. It is very necessary to have self-control over ourselves to manage our gambling properly. It is very wise to create rules and regulations to control ourselves, such as setting time and money, taking time off after winning repeatedly, and creating an emergency fund to properly manage our gambling. Gambling is not a specific investment for entertainment, it will be possible to get money in the future through investment, through which it will be possible to pay off the loan. There is no basis for this statement, so managing gambling by taking a loan is risky.

[justinlamode]

I wonder what will inspire someone to take loan to gamble knowing so well that gambling is a game that is not certain to generate profit or even return the capital. Even the gambler is lucky one or two times, it will likely end in troubles because gambling has a way of giving winning when not expected and frustration when there is desperation.

[GigaBit]

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

Usually a gambler takes a loan for gambling when he has no money to put into his gambling. If he takes a loan because he does not have the money himself, then he is not eligible to take a loan. But it is seen that when a gambler becomes addicted and loses despite not having the ability to repay the loan, then his misfortune begins. Of course, one should not take a loan for gambling if there is no situation to repay it. There is no certainty to win, so such a decision should not be taken.

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

There is no game where you can take a loan because no one will give you money easily. So any kind of betting on loans should be avoided.

[xenomorfo]

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?

If they ask to borrow money, it means they're in a dangerous situation. It means they have a real gambling addiction, and that can only make things worse.
Lending money to these people is a mistake, you have to say no and you have to contact someone to help them.