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

[Proty]

Usually, someone who loses can't control their emotions when they experience defeat, so they take out loans to gamble again. This is clearly a big mistake because gambling is essentially for entertainment, not a gamble that can lead to losing everything.
There's no end to someone who does this. Although they can sometimes win with borrowed money to gamble, financial ruin will inevitably come if they continue. That's why we must be able to control our emotions when gambling.

That you loses your bankroll and couldn't control your emotions simply tells one thing, you are not fit to be gambling and should quit before it breaks you health-wise and financially. What do gamblers who equally takes loan to gamble actually expecting is what I can't understand. You couldn't achieve a breakthrough win with your own very money how is it that you can do it with a borrowed funds to cover for all the losses in a game where your winning chances are as slim as a niddle.

The reason why most gamblers do borrow money to gamble is purely as a result of gambling addiction. There is no responsible gambler that will ever think of borrowing money to use it for  gambling.Gambling is a game of chance and since nobody can predict exactly it outcomes, it will be unwise to borrow only to use it for gambling. I have seen cases where addicted gambler do sold there off property.

[nelson4lov]

~Snip

>>>>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?

Why would anyone take out a loan with a promise to return it back in full only to use it on an event where the returns have no guarantee? I don't see myself doing it and that's because I do think it's a bad idea. You can be lucky and win it but if it doesn't go your way, then you've only succeeded in shooting yourself in the foot.  The only time one can borrow money is if the money is for investment and the returns are guaranteed somewhat.

[junder]

That you loses your bankroll and couldn't control your emotions simply tells one thing, you are not fit to be gambling and should quit before it breaks you health-wise and financially. What do gamblers who equally takes loan to gamble actually expecting is what I can't understand. You couldn't achieve a breakthrough win with your own very money how is it that you can do it with a borrowed funds to cover for all the losses in a game where your winning chances are as slim as a niddle.

In fact, I think those who can't control their emotions are already trapped in a phase of gambling addiction. The step that must be taken is to stop, and yes, that's true, but the problem is that someone who can't control their emotions and is already addicted tends to have difficulty realizing it, so stopping gambling or recovering from their addiction is quite difficult. Those who are addicted may borrow money to gamble, with the goal of getting a big win that can cover their losses, including their debts. But unfortunately, no one knows when they will win, and the amount is uncertain.

[ChocolateBitcoinK]

Usually, someone who loses can't control their emotions when they experience defeat, so they take out loans to gamble again. This is clearly a big mistake because gambling is essentially for entertainment, not a gamble that can lead to losing everything.
There's no end to someone who does this. Although they can sometimes win with borrowed money to gamble, financial ruin will inevitably come if they continue. That's why we must be able to control our emotions when gambling.

That you loses your bankroll and couldn't control your emotions simply tells one thing, you are not fit to be gambling and should quit before it breaks you health-wise and financially. What do gamblers who equally takes loan to gamble actually expecting is what I can't understand. You couldn't achieve a breakthrough win with your own very money how is it that you can do it with a borrowed funds to cover for all the losses in a game where your winning chances are as slim as a niddle.

The reason why most gamblers do borrow money to gamble is purely as a result of gambling addiction. There is no responsible gambler that will ever think of borrowing money to use it for  gambling.Gambling is a game of chance and since nobody can predict exactly it outcomes, it will be unwise to borrow only to use it for gambling. I have seen cases where addicted gambler do sold there off property.

When a gambler becomes addicted to gambling, he easily makes such dangerous decisions, they get so caught up in the temptation of gambling that when they lose, they expect more and they decide to do anything to raise money for gambling, borrow money from others, torture their family members, and even end up getting involved in things like stealing, in this way they destroy themselves by being addicted to gambling in the worst way, in such a situation, the gambler will stay away from everything, because his family will never accept him like this, so above all, for those who conduct themselves in such an uncontrolled way in gambling, it can be very dangerous, maintaining financial discipline and reducing the amount of gambling as much as possible, it is better to gamble very little for entertainment only.

[Tmoonz]

~Snip

>>>>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?

Why would anyone take out a loan with a promise to return it back in full only to use it on an event where the returns have no guarantee? I don't see myself doing it and that's because I do think it's a bad idea. You can be lucky and win it but if it doesn't go your way, then you've only succeeded in shooting yourself in the foot.  The only time one can borrow money is if the money is for investment and the returns are guaranteed somewhat.

Having positive mindset is the best such that in a situation where the mind is clouded with such thoughts we should be able to resist it because this doesn't just happen naturally something must have lead to it and in most cases chasing losses after several losses, it is wrong for anyone to think that since they they could not win with their own money that they can win with a borrowed money, surely gambling has no guarantee of winning and when we lose we should be strong enough to let go and that proves maturity where borrowing money can be very childish, gamble only when you have your own money that you can afford to lose this should be written boldly as caution in our mind.

[Findingnemo]

Just don't make that mistake, because it's a stupid decision and can ruin our lives completely because of our greed and ignorance about gambling.

I won't even support taking loan to start a business because there is a possibility of becoming successful or failing but if it fails and you still have debt, then you will be trapped so it is just better to stick with 9-5 and save a little for retirement than going for a boom and end up much worse.

Reminder: Gamble with the money you made, and not with someone's that you should pay back.

[DaNNy001]

From the general public's perspective, gambling is often considered a negative activity and not good if done excessively. Furthermore, taking out loans solely to gamble is clearly very risky. Even professional gamblers can't always win, as gambling doesn't guarantee a return on invested capital or the possibility of winning many times over.

It's those who overdo it and experience its negative consequences that make gambling a negative thing. If more people gambled wisely, I don't think gambling would be viewed negatively. But the reality is that more people do it excessively, even though it's clearly just a form of entertainment that won't have any negative consequences if done in moderation.

Given that gambling carries obvious risks, we should know not to overdo it. However, those who experience these negative consequences may sooner or later realize the need to stop gambling excessively and try to be more judicious in their dealings.

 I totally agree, if every gambler can be able to gamble responsibly a lot of these companies wouldnt make such high amounts of profit, that business keeps booming because a lot of people gamble wrecklessly...gambling is dangerous because the outcome is not guaranteed but a lot of people ignore this fact and do a lot of things that are very risky just to make sure that they always have money to keep gambling

[Su-asa]

~Snip

>>>>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?

Why would anyone take out a loan with a promise to return it back in full only to use it on an event where the returns have no guarantee? I don't see myself doing it and that's because I do think it's a bad idea. You can be lucky and win it but if it doesn't go your way, then you've only succeeded in shooting yourself in the foot.  The only time one can borrow money is if the money is for investment and the returns are guaranteed somewhat.

Addicted gamblers will always fi funny things that will trap them down in the future. Some loans are giving out on a higher interest rate, now let's imagine that the gambler toke a some loans to pay with huge interest and unlucky for the gamble he use the money to gamble and also lose them. There's will be no means to pay the money on time because at first he didn't have anywhere else to get money that is why he toke the loan. Some gamblers should just be wise and seat up so as not to do what they will regret in the future.

[nelson4lov]

~Snip

Addicted gamblers will always fi funny things that will trap them down in the future. Some loans are giving out on a higher interest rate, now let's imagine that the gambler toke a some loans to pay with huge interest and unlucky for the gamble he use the money to gamble and also lose them. There's will be no means to pay the money on time because at first he didn't have anywhere else to get money that is why he toke the loan. Some gamblers should just be wise and seat up so as not to do what they will regret in the future.

Yup.

Firstly, in my books, it's wrong to take out a loan and then gamble with it. It's very wrong. It might be good to others for where I'm from, it's outright and doesn't sit when with me because I've seen people suffer it. Fwiw, I blame the loan issuers that don't do deep research and go on to give out loans to gamblers that have zero means to pay back if their gambling venture ends in them losing it all.  Those loan issuers are the enablers.

[$weetne$$]

I totally agree, if every gambler can be able to gamble responsibly a lot of these companies wouldnt make such high amounts of profit, that business keeps booming because a lot of people gamble wrecklessly...gambling is dangerous because the outcome is not guaranteed but a lot of people ignore this fact and do a lot of things that are very risky just to make sure that they always have money to keep gambling

Gambling responsibly here may not even be the issue but for how long can you keep gambling in the responsible manner and by the way, what does it mean to gamble responsibly? We mostly have not given an agreeable definition as many persons has got their own definition to it, of which your taughts cannot change this orientation in them.

[Powerjumboo]

~Snip
>>>>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?

Why would anyone take out a loan with a promise to return it back in full only to use it on an event where the returns have no guarantee? I don't see myself doing it and that's because I do think it's a bad idea. You can be lucky and win it but if it doesn't go your way, then you've only succeeded in shooting yourself in the foot.  The only time one can borrow money is if the money is for investment and the returns are guaranteed somewhat.

Is it reasonable to borrow money even for investment? I think that even for investment, we should not borrow money because if we invest in coins like Bitcoin by borrowing money, we will still be in a lot of risk. The reason is that when we borrow money from someone and invest in Bitcoin and after investing, if the market starts dumping, in that case, I will have to repay the loan, I will have to sell the Bitcoin at a loss, or I will have to borrow from someone else to repay his loan. So it is best to refrain from taking loans without taking so much risk. And especially, one should never take loans for gambling because loans put people in more danger.

[Lida93]

Snip.

Snip.

When a gambler becomes addicted to gambling, he easily makes such dangerous decisions, they get so caught up in the temptation of gambling that when they lose, they expect more and they decide to do anything to raise money for gambling, borrow money from others, torture their family members, and even end up getting involved in things like stealing, in this way they destroy themselves by being addicted to gambling in the worst way, in such a situation, the gambler will stay away from everything, because his family will never accept him like this, so above all, for those who conduct themselves in such an uncontrolled way in gambling, it can be very dangerous, maintaining financial discipline and reducing the amount of gambling as much as possible, it is better to gamble very little for entertainment only.

An addicted gambler is dangerous not just to his family but also to himself because all that he down doesn't only hurt or harm the people that care about him but unknowingly destroying his own repute and future. I have heard of many sad stories carried on by addicted gamblers and a recent one was about an addict who went behind to sale their family land with majority of the money going into satisfying his gambling addiction.

[rachael9385]

Taking out a loan to do some gambling is probably one of the most self-destructive things you could do. The only reason I would ever think this is acceptable is if you forgot your money or don’t have access to it for some reason. If you’re doing it because you are broke then you are a fool that will quickly be parted from your cash.

No matter what the reason might be i would never take a loan to gamble, even if I have a way of replacing the money Its a limit that I cannot cross. Once you borrow an amount of money and it's get exhausted you might think of borrowing more and before you know it you are already in debt. Some people who don't have access to their funds at a particular time might decide to borrow and replace it but it's a no no for me

[Promocodeudo]

Gambling responsibly here may not even be the issue but for how long can you keep gambling in the responsible manner and by the way, what does it mean to gamble responsibly? We mostly have not given an agreeable definition as many persons has got their own definition to it, of which your taughts cannot change this orientation in them.

I got the point, you mean that it is not about starting to gamble responsibly that matters although it is vetyy important for gamblers to gamble responsibly but the major thing is the approach or strategy that a gambler should or can apply to sustain his or her responsible gambling style, responsible gambling should be sustained by gamblers with those strategies that are workable, just like trying not to chase loss, gambling with what you can afford to lose and setting a budget either daily or weekly for your gambling and making sure you don't try to go out of these strategies.

[Renampun]

snip

Reminder: Gamble with the money you made, and not with someone's that you should pay back.

It is true that gambling using the money you earn is much better than borrowing from others just to gamble, because in gambling it is full of uncertainty, a person simply will not be able to predict the results of their gambling, therefore when someone borrows just to gamble it is a reckless decision because in the end they will only lose all the money, and the person who lent the money will feel disadvantaged, and can even lose trust completely.

[panjul07]

Is it reasonable to borrow money even for investment? I think that even for investment, we should not borrow money because if we invest in coins like Bitcoin by borrowing money, we will still be in a lot of risk. The reason is that when we borrow money from someone and invest in Bitcoin and after investing, if the market starts dumping, in that case, I will have to repay the loan, I will have to sell the Bitcoin at a loss, or I will have to borrow from someone else to repay his loan. So it is best to refrain from taking loans without taking so much risk. And especially, one should never take loans for gambling because loans put people in more danger.

Reasonable or not will be depending on ourselves as we are the one who know the risk of the purpose of taking a loan.
No matter what is the reason of taking a loan, as long as we have good calculation before taking the loan and we know that we will be able to repay it without taking other loans, it is not that bad.
Taking loan itself is a common thing even in a business, many people take a loan to start or to support their business but ofc it should not be done blindly because wise calculation is needed to avoid the worse case.
I can even say that taking a loan for investment such as in crypto is much better than taking a loan for gambling or for lifestyle, so in this case taking a loan for investment is reasonable.

[imamusma]

Taking out a loan to do some gambling is probably one of the most self-destructive things you could do. The only reason I would ever think this is acceptable is if you forgot your money or don’t have access to it for some reason. If you’re doing it because you are broke then you are a fool that will quickly be parted from your cash.

No matter what the reason might be i would never take a loan to gamble, even if I have a way of replacing the money Its a limit that I cannot cross. Once you borrow an amount of money and it's get exhausted you might think of borrowing more and before you know it you are already in debt. Some people who don't have access to their funds at a particular time might decide to borrow and replace it but it's a no no for me

It can be concluded that regardless of the situation, it's wiser not to take out a loan for gambling. I think most of us here share the same point of view on that. Even if you have good skills in predicting the available odds and might succeed in getting a big win, I still recommend against taking out a loan. The first time you do it might bring luck, but the next time is a path to the abyss of destruction. I think we've strayed too far from the real purpose of gambling if we're brave enough to take out a loan for it.

[MainIbem]

It is true that gambling using the money you earn is much better than borrowing from others just to gamble, because in gambling it is full of uncertainty, a person simply will not be able to predict the results of their gambling, therefore when someone borrows just to gamble it is a reckless decision because in the end they will only lose all the money, and the person who lent the money will feel disadvantaged, and can even lose trust completely.

I wonder what gives some folks the audacity to take such steps, sometimes people do things without considering the consequences, gambling has many risk factors and one of them is that the house got more edge therefore you use spare money for it and not a borrowed money, imagine taking loan to gamble and you don't win, how then would the person who took the loan pay back their debt, such situation mostly attract embarrassment and sometimes public disgrace by the loaner that's why I'll never advise anyone to do such.

[o48o]

Just don't make that mistake, because it's a stupid decision and can ruin our lives completely because of our greed and ignorance about gambling.

I won't even support taking loan to start a business because there is a possibility of becoming successful or failing but if it fails and you still have debt, then you will be trapped so it is just better to stick with 9-5 and save a little for retirement than going for a boom and end up much worse.

Reminder: Gamble with the money you made, and not with someone's that you should pay back.

Starting or expanding a business is not really even comparable. With a firm you can have growth projection that's based on facts. Only fact about gambling that's constant is that house has an edge over you, and that there are no possible way to make a believable projection chart on how you are planning to pay that back. Not a legal way anyway.

But with gambling i agree with everything you said, and that's why banks don't give you loans for gambling.

[swogerino]

It is true that gambling using the money you earn is much better than borrowing from others just to gamble, because in gambling it is full of uncertainty, a person simply will not be able to predict the results of their gambling, therefore when someone borrows just to gamble it is a reckless decision because in the end they will only lose all the money, and the person who lent the money will feel disadvantaged, and can even lose trust completely.

I wonder what gives some folks the audacity to take such steps, sometimes people do things without considering the consequences, gambling has many risk factors and one of them is that the house got more edge therefore you use spare money for it and not a borrowed money, imagine taking loan to gamble and you don't win, how then would the person who took the loan pay back their debt, such situation mostly attract embarrassment and sometimes public disgrace by the loaner that's why I'll never advise anyone to do such.

I think it is because these persons do not know what they are doing at the moment they take such chaotic step in their life. Even bank loans nowadays at least in Europe, in their ads on TV has added a new sentence that they say at the end of the ad which is "borrowing money costs money, so inform yourself before applying for it" because some persons have sued banks that they didn't warn them about risks associated with money borrowed. This I think has to apply somewhat from TV ads that can make an impact for gamblers also as the only way to raise awareness in such persons. People who take loans to gamble usually end up extremely bad and they should be aware of what they do, if there is no way to reach this target, the problems will continue to happen.