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

[Futurexxx]

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.

I think that self destruct is the perfect word needed for such an act because it's not just unwise but it's like inflicting harm on yourself by doing so.
This is why seeing gambling as a means of making money is a very bad way to go about your gambling activities because you will be compel to do so many stupid things hoping to have a winning, that is why a complete person that have brain will be unwise to the extent of taking a loan to gamble, something that he knows that his chances of losing is way more higher than his chances of winning, and at the end, he will end up paying back a loan he did not utilize for himself, so it's an act all gamblers should avoid by all means.

[Achalugo BTC]

Aside believing that borrowing money for gambling is a sign of addiction, borrowing money to gamble will land you into unnecessary financial hardship. Just wondering, when it is a healthy advice to invest what you can afford to lose into Bitcoin, is it gambling that someone should borrow money for? The point is clear, not borrowing money to gamble is a way of avoiding helpless economic problems.

You are totally correct, people don't know the kind repercussions they will face if they borrow money for gambling and wasn't lucky to win, which they will face some consequences that will really ruin their lives and can lead into depression and frustration and if care is not taken, it might even land them to prison or take their lives.
So, for their own peace of mind and their health as well, people should learn to gamble with they can afford to lose or they should gamble within their budget, and also make self- control a habit so as they won't be forced to do things that will later deprived them of happiness or forced them to take decisions that will damage their plans.

[eisen33]

I think that self destruct is the perfect word needed for such an act because it's not just unwise but it's like inflicting harm on yourself by doing so.
This is why seeing gambling as a means of making money is a very bad way to go about your gambling activities because you will be compel to do so many stupid things hoping to have a winning, that is why a complete person that have brain will be unwise to the extent of taking a loan to gamble, something that he knows that his chances of losing is way more higher than his chances of winning, and at the end, he will end up paying back a loan he did not utilize for himself, so it's an act all gamblers should avoid by all means.

In this case you can manage without doing anything foolish, and without taking loans. If you want to earn money from gambling you can save an amount that in your opinion will be enough for you to be able to make money from gambling. A large enough bankroll that you could divide into bets, that are safe for you. And if you think that you could earn money from gambling then just try it. But under no circumstances should you run such experiments with borrowed money, because this can push you into very large debts.

[gunhell16]

Aside believing that borrowing money for gambling is a sign of addiction, borrowing money to gamble will land you into unnecessary financial hardship. Just wondering, when it is a healthy advice to invest what you can afford to lose into Bitcoin, is it gambling that someone should borrow money for? The point is clear, not borrowing money to gamble is a way of avoiding helpless economic problems.

You are totally correct, people don't know the kind repercussions they will face if they borrow money for gambling and wasn't lucky to win, which they will face some consequences that will really ruin their lives and can lead into depression and frustration and if care is not taken, it might even land them to prison or take their lives.
So, for their own peace of mind and their health as well, people should learn to gamble with they can afford to lose or they should gamble within their budget, and also make self- control a habit so as they won't be forced to do things that will later deprived them of happiness or forced them to take decisions that will damage their plans.

Borrowing money just to gamble is one of the stupidest decisions an individual gambler can make. This will only bury you in debt - it's an extremely high-risk move that many gamblers still attempt, falsely believing they'll win big when in reality, they almost never do.

This is why it's such a terrible habit for casino players to develop, though some can't avoid it, especially if they have the means to repay loans just to fuel their gambling addiction.
It's essentially like crafting your own weapon to shoot yourself in the foot.

[Grace333]

Most likely you are right, when a player starts thinking about borrowing money for gambling it is already a clear sign that he has an addiction. I have always been very careful with loans because they take away my money when I know that I have to pay additional interest, so I do not like that. But it is acceptable if you take a loan for business when you know that the profit will allow you to repay it. But if you can lose it, then this is the worst decision you can make, because it will only drive you into a debt hole.

I personally like to borrow money from my friends, but it's for things other than gambling. I believe borrowing money to gamble is a strong sign of addiction, and I try to avoid it, even though I enjoy gambling on the weekends.

Also, I once borrowed money from a bank and have now paid it off. I just learned they charge quite a high interest rate, so in the future, I'll be careful about borrowing and try not to do that. For business purposes, it's still reasonable, but there's still a need for careful consideration.

Aside believing that borrowing money for gambling is a sign of addiction, borrowing money to gamble will land you into unnecessary financial hardship. Just wondering, when it is a healthy advice to invest what you can afford to lose into Bitcoin, is it gambling that someone should borrow money for? The point is clear, not borrowing money to gamble is a way of avoiding helpless economic problems.

That is true, because the moment someone starts borrowing just to gamble, it shows they are no longer operating from a place of control but desperation. Even in investing, like you said with Bitcoin, people are advised to only use what they can afford to lose, so how much more gambling where the outcome is purely luck? Borrowing for gambling does not just increase the risk, it multiplies the consequences.
Avoiding debts alone can save a person from a lot of unnecessary financial stress in the future.

[alastantiger]

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?

Bottom line, taking a loan to gamble is one of the fastest ways to drag yourself into financial trouble and your friend's situation is a clear example of why. Gambling with borrowed money creates two problems at the same time, the risk of losing the bet and the guaranteed obligation of repaying the loan. No matter what happens, the debt remains. When it comes to gambling there is simply no game worth taking a loan for, even the "surest" odds can fail.

[UmerIdrees]

You are totally correct, people don't know the kind repercussions they will face if they borrow money for gambling and wasn't lucky to win, which they will face some consequences that will really ruin their lives and can lead into depression and frustration and if care is not taken, it might even land them to prison or take their lives.
So, for their own peace of mind and their health as well, people should learn to gamble with they can afford to lose or they should gamble within their budget, and also make self- control a habit so as they won't be forced to do things that will later deprived them of happiness or forced them to take decisions that will damage their plans.

Correct taking loan to gamble is like a suiside attempt where there are 99% chances that you will ruin your life (lose money in gambling and unable to pay the debt). They may be 1% chance that the gambler is lucky to have win, return the debt and also gain some profits. But this is something rare and not worth the risk.

[MRY]

Borrowing money just to gamble is one of the stupidest decisions an individual gambler can make. This will only bury you in debt - it's an extremely high-risk move that many gamblers still attempt, falsely believing they'll win big when in reality, they almost never do.

This is why it's such a terrible habit for casino players to develop, though some can't avoid it, especially if they have the means to repay loans just to fuel their gambling addiction.
It's essentially like crafting your own weapon to shoot yourself in the foot.

Gambling with borrowed money will remove the interest of gambling and will be a source of financial stress that will poses threat to an individual. Decisions become extremely inconsistent when it is not being made out of personal assets. We must understand that the probability of victory is not enhanced by the fact that we have debts which are to be repaid. Such a habit will only worsen the load of life and make the situation hard to control.

[TSen]

I do not think about this at all, I am sure nobody does. I mean has there been anyone in the world who has taken out a loan to gamble?

Of course, that happens all the time, but it's addiction and even they know it's a bad move and they shouldn't do it while they are doing it, even they are aware that they are making a mistake before they even do it, the point is that they can't stop themselves, it's addiction, like a drug addict knowing it's bad but can't stop, same approach.

[Yeesha]

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.

Exactly loan has one way of destroying one's life, even if you take it to do something tangible and you lose, it can cause you so many problem. Talkless of gambling. Before taking loan, the person has to calculate and arrange for a particular way that he will be able to pay back the debt. But I think that a gambler will be hoping to pay back after he has succeeded in gambling, but what if he loose in the process of gambling? it going to be a big problem to himself and his family.

[JunaidAzizi]

Well, taking a loan is just the worst step a gambler can take, and it is even worse if he takes it with interest, as he is essentially taking two loans, one is the principal, and the second one is the interest. In my view, risking is something like having the resources but lacking the guts to take action. However, a loan is not your own funds, and psychologically, you will feel more pressured by the loan, which will prevent you from focusing on the bet. If you do not analyze properly, you will lose.

[Issa56]

That is true, because the moment someone starts borrowing just to gamble, it shows they are no longer operating from a place of control but desperation.

The first question which I do ask people that do decide to take loan and gamble is that what if they lose, how are they going to repay the loan back? Are they going to take another loan from another place, then gamble with the money, if they are able to win, they will then clear the loans which they took. Taking loan to gamble is completely a wrong idea most especially if you don’t have any means to pay back the loan, don’t even go close to taking loan.

I just feel people that do decide to take loan just to gamble are addicted gamblers, because if you are not addicted to gambling you not even going to go close to taking loan because you want to gamble. If you are taking loan, just take loan for reasonable thing, don’t just take loan unnecessarily.

[Numeral]

I also had a friend who borrowed money from me to place bets. But to his credit, he always paid me back, but as time went on, he started asking to borrow money very often, that is, he would just pay me back for the previous debt and then ask to borrow money again a few days later. I asked him if he was addicted to gambling, and he told me that he had everything under control, although in my opinion he could no longer live without betting, it was constantly on his mind. He never missed out on bonuses from bookmakers and used them all the time. At one point, I got tired of him constantly borrowing money for bets and told him I wouldn't give him any more. He ended up getting offended, and we don't talk anymore. And by the way, lately, his only interest in talking to me was to borrow money.

[Tigerheart3026]

i am pretty sure your friends addicted in the gambling, otherwise it’s seems not normal activity to take borrow money for gambling,
but i've such a few colleges, they're addicted in the gambling, i see some of friend they earn quite low amount of money in the whole motnth from their job, but they playing gamble with 20%-30% amount of money from their salary, they are addiction is going another level.

[Hardyrobust]

That is true, because the moment someone starts borrowing just to gamble, it shows they are no longer operating from a place of control but desperation.

The first question which I do ask people that do decide to take loan and gamble is that what if they lose, how are they going to repay the loan back? Are they going to take another loan from another place, then gamble with the money, if they are able to win, they will then clear the loans which they took. Taking loan to gamble is completely a wrong idea most especially if you don’t have any means to pay back the loan, don’t even go close to taking loan.

I just feel people that do decide to take loan just to gamble are addicted gamblers, because if you are not addicted to gambling you not even going to go close to taking loan because you want to gamble. If you are taking loan, just take loan for reasonable thing, don’t just take loan unnecessarily.

Those that are addicted to gambling doesn't reason this way before taking loan . A part those that are addicted to gambling, there people that do take loan with the intention of not paying back, some may want to take back but they don't have any plans on how they intend to pay back. This kind of people has developed the habit of borrowing money from different people without paying back , they will never want to take responsibility of the loan. Sometimes it is there family members that do sort out such loans. It is only an addicted gambler that would take loan just to gamble.

[Doan9269]

Taking a loan for the purpose of gambling is a red flag; this should be discouraged, and we should not go into having fun and putting ourselves into a future predicament we may not be able to afford leaving out of it.

Sometimes, we don't just have to do things by force, instead, being patient and waiting for the right time is the best thing we could afford without forcing ourselves to play, when we truly know that it's not time appropriate for it, if others are taking loan does not make it for for us to also do the same thing, we should learn from what's good and right to do when it comes to gambling.

[Issa56]

Taking a loan for the purpose of gambling is a red flag; this should be discouraged, and we should not go into having fun and putting ourselves into a future predicament we may not be able to afford leaving out of it.

If anyone decide to take a loan to gamble, then I believe the person is no longer having fun with gambling, the person is just so desperate trying to make money from gambling. If you are planning to have fun, then you will gamble with whatsoever you have which isn’t going to affect you after losing. But if you decide to gamble with the money which if you lose, it’s going to affect you in any way, then you no longer gambling for fun, but for the sake of money.

if others are taking loan does not make it for for us to also do the same thing, we should learn from what's good and right to do when it comes to gambling.

Just because others are doing something doesn’t mean you also going to do it as long as you know that they are not doing the right thing. If you want to gamble, then do it with extra money which you won’t be using, so don’t even go close to taking loan because you want to gamble.

[Judith87403]

Using a loan to gamble is a not a good idea, simple and plain. Gambling carries risk already, and including debt that has interest would only increase the damage if things happen to go wrong, which they usually do. There is no game so dependable to justify the act of borrowing funds to gamble. The lose of your friend isn't your fault. It is a clear sign that the habit of borrowing to gamble is getting harmful, not strategic.

[masulum]

Just because others are doing something doesn’t mean you also going to do it as long as you know that they are not doing the right thing. If you want to gamble, then do it with extra money which you won’t be using, so don’t even go close to taking loan because you want to gamble.

exactly, anyone can do similar things to get money but the results will be different each other. If someone take a loan to gamble and get a big win, it may wouldn't happen to us. When it happens we already have 2 problem for our life, we lost money from loan and used for nothing because loss, in other side we must pay for it.  

[CryptSafe]

Bottom line, taking a loan to gamble is one of the fastest ways to drag yourself into financial trouble and your friend's situation is a clear example of why. Gambling with borrowed money creates two problems at the same time, the risk of losing the bet and the guaranteed obligation of repaying the loan. No matter what happens, the debt remains. When it comes to gambling there is simply no game worth taking a loan for, even the "surest" odds can fail.

The risk that comes with gambling does not warrant one to put their entire fortune in line, not to mention going for a loan, because it is more of a suicide mission, because you can not be guaranteed if the odds will be in your favour or not so it is best to stay away from laon just as you have said about the two risks that awaits a gambler who seeks for a loan for fund their gambling lifstyle. It is very risky as you never can tell the outcome or result of a game, as the chances of you winning and losing are very high