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

[MRY]

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.

Borrowing money to gamble, as a decision, is obviously a high risk one particularly where there is no clear indication of getting back the money. We should understand that any gamble is not worth taking when the essence is borrowed money that will be paid back. At least when we spend our own money we only feel the pressure and the situation is under control. Ignoring friends must be made to feel the repercussions of their move since we cannot always ensure other men make the right choices. This will hopefully help make them more responsible in the operation of their lives.

[Wakate]

Borrowing money to gamble, as a decision, is obviously a high risk one particularly where there is no clear indication of getting back the money. We should understand that any gamble is not worth taking when the essence is borrowed money that will be paid back.

If you don't know how to do something, you need to ask questions because borrowing is not a new word to some people that are not even gamblers. For you to borrow money, it means that you have something valuable you want to use it to do whether for investor pay for emergency bills. Some gamblers would like to borrow money so that they can try their luck betting on different games that could be very profitable for them.

[Zwei]

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.

but that is still not 100% guaranteed profit, is it? i mean what if your hedged bet gets voided and your other bet is a loss? or worse, the casino or bookie you made the bet on refuses to pay it or scam you?
so i would say it is still a bad idea to borrow money to gamble with, if someone got no money to gamble with, they should just not gamble.

[topbitcoin]

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.

But in gambling there is nothing like that where we gamble it is impossible to win 100 percent because there are always some things that can make this a defeat even with a strong probability because gambling returns to luck which takes the final role in the end.

Even in a bet in sportsbetting, no one wins 100 percent because some situations in the match can happen so instead of forcing yourself to borrow just for an uncertainty that is definitely a mistake, it would be better not to do it.

I personally have never felt that way but that doesn't mean I would consider those who do it to be bad people just that they are quite mistaken and should improve their gambling schemes because if loans for gambling are normalized a little then it will have a much bigger impact on ourselves later.

[Arenga pinnata]

Borrowing money to gamble, as a decision, is obviously a high risk one particularly where there is no clear indication of getting back the money. We should understand that any gamble is not worth taking when the essence is borrowed money that will be paid back.

If you don't know how to do something, you need to ask questions because borrowing is not a new word to some people that are not even gamblers. For you to borrow money, it means that you have something valuable you want to use it to do whether for investor pay for emergency bills. Some gamblers would like to borrow money so that they can try their luck betting on different games that could be very profitable for them.

Using borrowed money is too risky and highly inadvisable if it is only for gambling. I only use money that I have set aside specifically after all my needs have been met and I have budgeted for all my expenses, to be saved or even invested. The remainder is then for my enjoyment. Whether it's for betting or traveling. Therefore, I personally strongly advise against anyone using borrowed money solely for gambling. Not only is it extremely high-risk, but it can also make it increasingly difficult to repay when the due date arrives. Even for trading, the same applies. We should only use money that is risk-free and does not affect our basic living needs.

[tread93]

Oh man, i hope that you didnt take out that loan lol and if you did I hope you won it! Anyone gambling done on a loan is best through an investment because its more ofna calculated risk, you'd hope.

[Felicity_Tide]

but that is still not 100% guaranteed profit, is it? i mean what if your hedged bet gets voided and your other bet is a loss? or worse, the casino or bookie you made the bet on refuses to pay it or scam you?
so i would say it is still a bad idea to borrow money to gamble with, if someone got no money to gamble with, they should just not gamble.

It is better not to take certain risk, than to take the one that can go either ways, especially when the gambler in question doesn't have that financial capability to bounce back. Is the idea of 100% certainty a possibility in gambling?, I don't think so. Gambling is all about risk no matter the skill, experience and luck that is on the side of the gambler. The moment 100% certainty is involved, then we can not necessarily call it a risky attempt.

So, the idea of borrowing money to stake on a game that can go either ways is clearly not worth doing. This is not even business investment related. Borrowing to gamble is already a negative approach that goes way too far.

[LFC_Bitcoin]

Taking a loan to gamble is a bad idea because you’re risking money that isn’t even yours. If you lose you still have to pay the loan back plus interest which can trap you in debt fast.

Gambling is unpredictable and loans add pressure and stress. It can quickly turn a fun risk into a serious financial problem.

[Webutxo]

Borrowing money to gamble, as a decision, is obviously a high risk one particularly where there is no clear indication of getting back the money. We should understand that any gamble is not worth taking when the essence is borrowed money that will be paid back.

If you don't know how to do something, you need to ask questions because borrowing is not a new word to some people that are not even gamblers. For you to borrow money, it means that you have something valuable you want to use it to do whether for investor pay for emergency bills. Some gamblers would like to borrow money so that they can try their luck betting on different games that could be very profitable for them.

I can't remember if I have ever gamble with money that is not mine or borrow money. I'm not that desperate to make money from gambling. I'm one of the few that has accepted that you can never get rich doing gambling and as long as you believe this as your core principle of life, you will gamble to enjoy your time and also gamble to make small money. Things like internet subscription, Netflix and buy airtime, these are the things I use my gambling money to do.

There is one person that makes money from gambling and it's the casino companies. You can never win this people even if you are a wizard with experience and skill in gambling, you will always be the one losing and when you make a grand win, it's from money casino made from people that loss, not the casino money.

[FunshareNesialMLMPenipu]

Trading or investing using borrowed funds is not good. Especially if the borrowed money is only used for gambling, the risk is obviously very high. Only a stupid boy uses borrowed funds just for gambling. In my neighborhood, there is someone who pawned their house to borrow money using their house and used it only for gambling. In the end, all their assets, including the house, car, and motorcycle, were sold off because it all started from loan for gambling.

[Orpichukwu]

It is the quickest way to become bankrupt and it won’t be just money you will be losing if you ever do that. You will also lose your reputation. Your friends and family members will see you as someone they can’t trust anymore. They won’t share any serious information with you because they will think you are not worthy. That’s worse than losing just money. You can fix your mistake, work hard and pay your debts off but it is way harder to gain trust back. Most of the time it is not even possible. Once they label you “gambling addict” you’ll stay like that in their minds forever. That’s the real risk which only a few talk about.

Absolutely, there is no benefit in taking a loan just to satisfy your urge gambling, which is a very stupid action to take.
Gambling is not created or designed to be a place of doubling money or a place where one can magically grow money without having any side effects in it. Neglecting the instructions of gambling can make things tougher and harder for you, which you will find it hard to repay it back but sticking to your plans of being responsible will make you enjoy gambling even though you might be losing but you will find it easy to control your emotions when it wants you to fall apart.

[nelson4lov]

Anybody taking such risks might as well just go buy themselves a coffin at once. I had a friend that did this once and it only plunged him into more bigger and nastier debts than it previously was so I saw it first hand how bad of an idea this is. Taking loans to venture into something with almost no certainty is a no no for me. It might seem tempting like winning 2 odds with loaned amount will result in 100% gain but it doesn't always happen as you can always lose too.

[Berry2d]

Trading or investing using borrowed funds is not good. Especially if the borrowed money is only used for gambling, the risk is obviously very high. Only a stupid boy uses borrowed funds just for gambling. In my neighborhood, there is someone who pawned their house to borrow money using their house and used it only for gambling. In the end, all their assets, including the house, car, and motorcycle, were sold off because it all started from loan for gambling.

For the fact that you can never used a borrowed money for gambling never means there are people that don't practice such gambling activities but all we need to do is just see how to exposed to challenges associated to such activities to gamblers to avoid unimmaginable lost on the process of gambling.  In gambling, no option is 100 percent accurate to desire such a heavy risk which we all know can destroy once gambling story over night,  therefore any gambler thinking of using borrowed money for gambling should stop because we are expected to gamble with any amount we can afford to loss.

[kawetsriyanto]

Taking a loan to gamble is a bad idea because you’re risking money that isn’t even yours. If you lose you still have to pay the loan back plus interest which can trap you in debt fast.

Agree. It is just the way to worsen our financial condition. If we have no money, it is much better to stop gambling temporarily. We only can gamble when we have free money.

Of course, we still need to repay the loan whatever will happen in the gambling. The lender doesn't care whether we win or lose. It is our responsibility to repay the loan.

Gambling is unpredictable and loans add pressure and stress. It can quickly turn a fun risk into a serious financial problem.

Exactly, there is no certain result in gambling. Even we have certain skills in gambling, it never guarantees the wins. We only risks ourselves if we gamble with loan money.

[batang_bitcoin]

Anybody taking such risks might as well just go buy themselves a coffin at once. I had a friend that did this once and it only plunged him into more bigger and nastier debts than it previously was so I saw it first hand how bad of an idea this is. Taking loans to venture into something with almost no certainty is a no no for me. It might seem tempting like winning 2 odds with loaned amount will result in 100% gain but it doesn't always happen as you can always lose too.

Me either, I'd be good doing my bets with my own money even for the smallest amounts that I can. Rather than taking a loan and doesn't have any guarantee that I'll make them win. That's doubling the suffer whoever a gambler does this. You'll be up for the interest and have to be firm with the payments and not default on it and if you're unfortunate, you'll have to deal with the losses after as well.

[Gentle_Soul]

>>>>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?

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.

When it comes to addition it's a different bulgame altogether you might understand what he is passing but the sad truth is that until he gets the right help and therapy the same problem will still repeat itself because addiction can not be overcomed with just the with just the willingness to change alone.
I was to get something in a physical betting shop and I got there one bettor there called unto me and asked me to help him with my wrist watch that he would return it in a few minutes initially I didn't know why he was asking of it but later found out that he already exhausted his funds on betting and was looking for what to use as cholateral to be able to bet more. For such a person addiction has eaten deep down so he needs therapy and some systematic and gradual process to be able to pull through his addiction

[Lida93]

Snip

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.

The power of addiction can easily convince an addicted gambler that they can stand some chance of winning back their lost funds with profit to it, and it would sound like the ingenious idea to have ever gotten.  Its a multiple risk they're ditching into but what does it matter for them. It's only people like us who are not addicted that takes all of those questions of the risks into consideration before doing anything. It's hard to ignore what gambling addicts go through, ber pathetic to think about it.

[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?

It is very proper for an adult to think and act wisely at all times, going to borrow money to gamble was a wrong decision he took now he will pay booth capital and interest for a money he gained nothing from, he would have just controlled himself when he knew he doesn't have money to place a bet, I know that every gambler must be a risk taker for you to win but not taking loans to fund bets, that's bad of him.

He shouldn't blame you for his loose because while gambling loosing and winning is expected and he should bear in mind to handle any outcome from the game even though he took a loan to stake the game. Addiction is bad when it comes to gamble because the spirit of addiction can manipulate you to do anything to get money to play and that in return you are going to win and leaves you with regrets when you loss, no game is worth taken a loan to play because there's no assurance that you are going to win, let's play with the amount we have and avoid taking loans to bet.

[Cgrexp]

In gambling, lending money is an easy way to get hurt. Because when someone loses money by gambling with a loan and cannot repay the loan on time, their own reputation is damaged. At the same time, large financial pressures destroy trust in relationships, including family unrest. And this has a worse effect on the person than losing money. And when your family, friends or close people find out that you are addicted to gambling and are identified as gambling with a loan, they will think of you as such for the rest of your life. Even if you get out of gambling addiction, it is still a bit difficult to regain the trust of those close to you.

[AmoreJaz]

In gambling, lending money is an easy way to get hurt. Because when someone loses money by gambling with a loan and cannot repay the loan on time, their own reputation is damaged. At the same time, large financial pressures destroy trust in relationships, including family unrest. And this has a worse effect on the person than losing money. And when your family, friends or close people find out that you are addicted to gambling and are identified as gambling with a loan, they will think of you as such for the rest of your life. Even if you get out of gambling addiction, it is still a bit difficult to regain the trust of those close to you.

That's the problem of the gambler because like it or not, the notion of being a gambler has some negative connotation already, what more if you are loaning the amount you want to bet with, and lose? So that would pose a problem with your reputation if you can't pay back on time. That is why some are resorting to desperate moves like selling their properties or going to the extent of stealing, just to cover their losses.