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

[MainIbem]

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.

Well, some people are so frustrated by poverty that they could do anything in trying to escape, even if it involves huge risks but that's not a wise decision, I know that life is unfair on some folks and poverty can be so frustrating but putting oneself in a mess while trying to solve another problem is not a good idea, that's exactly what borrowing money to gamble could lead one into, it's very risky and should be avoided since there's no guaranteed profit in it. You'll be suprised to know that banks and loan companies do help advice people through ads on taking useful stuffs bit out of frustration they'll decide to risk doing otherwise.

[NurseHub]

It's unreasonable for your friend to borrow money to gamble. How can you borrow in a situation you aren't guaranteed to win? Nobody should even do that because it's not just about the gambling loss; it's also about your reputation. People will always find it hard to trust you with their valuables, even your family. So it's not advisable to borrow to gamble; you should just gamble what you can lose.

[Proty]

It's unreasonable for your friend to borrow money to gamble. How can you borrow in a situation you aren't guaranteed to win? Nobody should even do that because it's not just about the gambling loss; it's also about your reputation. People will always find it hard to trust you with their valuables, even your family. So it's not advisable to borrow to gamble; you should just gamble what you can lose.

For sure it is an unwise thing for anyone to do. Borrowing money to gamble only show how much of an irresponsible gambler we are. It is only those that are addicted to gambling that can take this kind of risk. Gambling isn't an investment or responsibility that we must fulfil that will trigger such an action.
Borrowing money to gamble is irresponsiblility at its highest form and it should be avoided in other not to tarnish our reputation and ruin our integrity.

[abaeze]

Borrowing money for gambling only shows how irresponsible he is. Irresponsible gamblers gamble and lose, later putting their families in danger. Borrowing money for gambling is irrational and how can one think of gambling on debt in such a situation? Where there is no guarantee of winning. No one should do this because it is not only about the loss of gambling but also about one's reputation. Therefore, a gambler should gamble with money that does not disrupt any family discipline if the money is lost or spent.

[Kelward]

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.

I wonder why gamblers that tend to borrow money to fund their gambling bankroll don't first wonder why their own money didn't give them desired wins to make them rich. If you're not on a winning streak with your own money where you would be continuously winning and be increasing your wealth there's no guarantee that borrowed money will do the magic. Any gambler that borrows money to gamble is nothing short of an addict, it is craving to continuously gamble that can push somebody to make such irresponsible decision. I agree that people that cannot control themselves in gambling should either take a break and get help or quit.

[Shineup]

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.

I wonder why gamblers that tend to borrow money to fund their gambling bankroll don't first wonder why their own money didn't give them desired wins to make them rich. If you're not on a winning streak with your own money where you would be continuously winning and be increasing your wealth there's no guarantee that borrowed money will do the magic. Any gambler that borrows money to gamble is nothing short of an addict, it is craving to continuously gamble that can push somebody to make such irresponsible decision. I agree that people that cannot control themselves in gambling should either take a break and get help or quit.

Taken loan is not only risk but it is also out of place to do such, i wish there is an adjective to modify risk in a place of taken loan to gamble, there is no sure way of winning that means taking loan becomes a multiple of risks undeniable. Quiting may not really be easy for an addicted gambler that has gotten to the point of taken loan to gamble, taken a break at some point is necessary as a control medication, there is no difference between a borrowed money and your money when it comes to winning.

[Donk1]

Well from my own understanding I believe that nobody is perfect and we often make irrational mistakes most times that we always end up regretting. But then for every situation to  me, I always like to analyze different possibilities to make sure the risk actually worth it .but to take loan for gambling that kind of risk is a dangerous one and must be avoided as a gambler.However if you must take a loan  you can take  when you are very  much sure that  you can pay back even if you lose the bet, but then it's still not advisable for any gambler......​that is why to your friend, he was very certain that he would win the bet . Well It easy to say that's just the game playing a trick on him. And desperately he was forced to take a loan to gamble. For sure it's not your fault so definitely he would have to pay back his debt because right now he is already addicted to gambling, to the extent that he can't even resist from taking a loan.​Well that's all for me.....,

[LucyFurr]

Never take out loan to gamble and never lend money to people who has gambling problems even if they come up with other reasons. Here the thing is people wants to get rich so they think gambling is the easiest way to become rich but they just foget that they also lose money here more often compared to wins so what they will do if they lose the money that they didn't have?

[Dunamisx]

If you see someone planning of taking loan to gamble, quickly advise the person not to do so, because its not what they can afford to bear when the worst part of it begins, we don't take loan to gamble, instead we uses our earned money for this purpose, this same decision has affected many so badly that they cant afford to regain back their initial status before taking the loan.

[HelliumZ]

>>>>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?

Participating in gambling on a loan is never a good idea, especially since it is an investment in an uncertain area like gambling. Businesses can be established by borrowing money, taking out high-interest loans, because there is a possibility of making a profit from that business, but there is no guarantee of making a profit from gambling. If I lose money after gambling, is there any way to repay the borrowed money? Investing in an uncertain project by borrowing money is never acceptable and can be one of the most risky things to do. Therefore, one should be careful and never invest in an uncertain prospect like gambling by borrowing money from a bank at high interest rates.

[Z_MBFM]

Loans are very risky. Because when you take a loan from somewhere, you have to pay interest on it, so you are already losing. On the other hand, if you use that money to gamble, if you lose there, you will lose money on the one hand and on the other hand there will be a pressure of debt on you. Gambling with debt is the key to a very big danger. Gambling should only be played with your own money and you should play in such an amount that you can afford to lose. When you use more money than you can afford to gamble, it will be pushing yourself towards danger. And gambling with debt, I don't think that anyone has the ability to accept that losses.

[Grace333]

Borrowing money for gambling only shows how irresponsible he is. Irresponsible gamblers gamble and lose, later putting their families in danger. Borrowing money for gambling is irrational and how can one think of gambling on debt in such a situation? Where there is no guarantee of winning. No one should do this because it is not only about the loss of gambling but also about one's reputation. Therefore, a gambler should gamble with money that does not disrupt any family discipline if the money is lost or spent.

I feel the same way. Because why would someone do that, you shouldn’t even think of borrowing money just to gamble. Once you start playing with debt, you are already putting yourself in a terrible spot, because there is no guarantee you will win it back.

For me personally, I can never do that at all. Gambling is supposed to be something you do with money you can lose without shaking your life. Once it starts affecting your family, your peace of mind, or your reputation, then it is no longer fun, it becomes a problem.

[liuka]

Loans are very risky. Because when you take a loan from somewhere, you have to pay interest on it, so you are already losing. On the other hand, if you use that money to gamble, if you lose there, you will lose money on the one hand and on the other hand there will be a pressure of debt on you. Gambling with debt is the key to a very big danger. Gambling should only be played with your own money and you should play in such an amount that you can afford to lose. When you use more money than you can afford to gamble, it will be pushing yourself towards danger. And gambling with debt, I don't think that anyone has the ability to accept that losses.

Gambling with loans is tantamount to plunging into a steep pit, while we know how the risks in gambling games are definitely more losing than winning not to mention bearing loans and interest that must be paid so this is not recommended whether in gambling, trading or any investment.

Keep using your own if possible cold money so that when you lose there is no pressure on your mentality, so this way you are ready to lose and bear all the risks.

I have a friend who gambled using borrowed money and his house became collateral because he could not pay the loan plus interest.

[nara1892]

It's clear that borrowing money just to gamble is risky. The risk is greater because when you lose, you'll not only feel disappointed and hurt, but you'll also have to find money to repay the debt.

However, it's true that gamblers often borrow money just to gamble, and these are usually addicted gamblers. Addicted gamblers tend to force things to keep gambling, and their urge to gamble usually worsens after a loss. Their sole goal is to recover. The bottom line is that borrowing money to gamble is too risky, not to mention the interest you'll have to pay if you borrow from a bank.

[xLays]

I’m one of those people like your friend who used to borrow money just to gamble. It’s really wrong, especially if you lose. Even if you win, it’s still wrong because there will always be the “what if I didn’t win?” and that would only make your financial problems worse. And yes, as someone who has been through that, I understand it.

The only time borrowing money for something gambling related might make sense is if you are 100% sure there will be profit. What I mean by 100% profit is using the borrowed money strictly for hedging your bet, where the outcome is guaranteed and there’s no risk of losing.

[Fiatless]

It's unreasonable for your friend to borrow money to gamble. How can you borrow in a situation you aren't guaranteed to win? Nobody should even do that because it's not just about the gambling loss; it's also about your reputation. People will always find it hard to trust you with their valuables, even your family. So it's not advisable to borrow to gamble; you should just gamble what you can lose.

Why do you think banks or responsible lenders will never give you a loan that will be used for gambling? It is because they know that gambling is not a business and nothing is certain. Collecting is justifiable when it is used for something that is profitable or important and not on gambling which is designed for entertainment. People who access loans for gambling might find it difficult to repay the loans,

[indah rezqi]

I’m one of those people like your friend who used to borrow money just to gamble. It’s really wrong, especially if you lose. Even if you win, it’s still wrong because there will always be the “what if I didn’t win?” and that would only make your financial problems worse. And yes, as someone who has been through that, I understand it.

The only time borrowing money for something gambling related might make sense is if you are 100% sure there will be profit. What I mean by 100% profit is using the borrowed money strictly for hedging your bet, where the outcome is guaranteed and there’s no risk of losing.

I think borrowing money is acceptable for the purpose of hedging to minimize the risk of loss. However, we also have to calculate the interest on the loan, meaning we must still have a profit after paying off the loan. This step seems only feasible for experienced gamblers who often bet on sports like football, as they can see opportunities to avoid a loss. Nevertheless, borrowing money for gambling is fundamentally not good, it has the potential to create new problems and cause you to develop a gambling addiction. When you are in a losing position, you will think about continuously borrowing money in the hope of winning it back.

[ChocolateBitcoinK]

It's unreasonable for your friend to borrow money to gamble. How can you borrow in a situation you aren't guaranteed to win? Nobody should even do that because it's not just about the gambling loss; it's also about your reputation. People will always find it hard to trust you with their valuables, even your family. So it's not advisable to borrow to gamble; you should just gamble what you can lose.

Why do you think banks or responsible lenders will never give you a loan that will be used for gambling? It is because they know that gambling is not a business and nothing is certain. Collecting is justifiable when it is used for something that is profitable or important and not on gambling which is designed for entertainment. People who access loans for gambling might find it difficult to repay the loans,

Taking a loan to gamble is a very bad decision, you may have to regret it a lot. Where gambling is only for entertainment, if you want to gamble with a loan, then what is your mentality here? You think that you can easily earn money from gambling, you will gamble with a loan, after that you will make a profit, and you will pay off your loan and take your profit home, is everything so simple? Will all these be as you expected? I will say that nothing will happen as your expectations, you will never be able to pay off your loan by gambling with such a loan. This will only result in your loss, you will get into debt, and in the end you will become addicted.

[Kavelj22]

The only time borrowing money for something gambling related might make sense is if you are 100% sure there will be profit. What I mean by 100% profit is using the borrowed money strictly for hedging your bet, where the outcome is guaranteed and there’s no risk of losing.

You thout mean that there is an exception to breack the general known rule "Never gamble with money you can't afford to lose". I doubt that there is any garanted method to win in a gambling game. If you are confident with this strategy or any strategy, are you actually making a real profit from it.

[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?

Taking a loan to gamble is a death trap since gambling wins is not guaranteed and it is advisable to gamble with what you can afford to lose and what you have, not gambling with what you don't have.

There is no game that worth a gambler to take a loan and gamble , if you don't have the money to gamble, it is advisable to stay away from gambling till you have the money because loaning will not help you but add more problem to you and then makes you end up becoming an addict, which your interest will just be increasing and can lead to the Leander sizing your property or causing more arm to your financial status.

You tried your best advising your friend since he did not listen, he should bear and carry his cross alone maybe next time, he will listen to you.