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

[Orpichukwu]

But the worst can happen, do remember this is gambling and losing is inevitable. Hence, how can you repay if you lost the bet? So for me, it should not be your option - to take a loan just to gamble. I can agree if you will use the loaned money for business or other tangible assets. But for gambling, I don't think that's a very smart idea to take.

The after is what most people don't use to consider before they take any decision. Gambling is something whose winning chances are based on probability; it's something to only be done with money the person has, not even the one they want to use for something else. It's not worth it and should not even be considered.

[Franctoshi]

But the worst can happen, do remember this is gambling and losing is inevitable. Hence, how can you repay if you lost the bet? So for me, it should not be your option - to take a loan just to gamble. I can agree if you will use the loaned money for business or other tangible assets. But for gambling, I don't think that's a very smart idea to take.

The after is what most people don't use to consider before they take any decision. Gambling is something whose winning chances are based on probability; it's something to only be done with money the person has, not even the one they want to use for something else. It's not worth it and should not even be considered.

If I'm in place to lend someone money and it happens that the borrower is a very good and close friend of mine, and he tells me he's going to use the money for gambling, I won't ever lend him that money if after advising him not to and knowing fully well that he's going to use it for gambling purposes, because I already know what the potential result would be if I lend him that money and he uses it to gamble.
Most of people that will do this are people that are addicted to gambling and some novice to gambling too, if you're an experienced gambler, you won't dare borrowing money to gamble.

[hedgeh0g]

Taking out a loan makes sense if something generates profit, for example, in a business with great potential, and the profits from it will easily cover the loan costs. But if we take out a loan to play a game in which we don't have a winning strategy, it simply doesn't seem very smart, because it's clear we're doomed to lose. Yes, it's not a 100% guarantee, but why tempt fate? Of course, no one wants to think they're the one who'll lose, although when this happens and the player is faced with the harsh reality, it can be very depressing.

[Orpichukwu]

The after is what most people don't use to consider before they take any decision. Gambling is something whose winning chances are based on probability; it's something to only be done with money the person has, not even the one they want to use for something else. It's not worth it and should not even be considered.

If I'm in place to lend someone money and it happens that the borrower is a very good and close friend, and he tells me he's going to use it for gambling, I won't ever lend him that money after advising him not to and knowing fully well that he's going to use it for gambling purposes, because I already know what the potential result would be, if I lend him that money and he uses it to gamble. Most that will do this are people that are addicted to gambling and novice to gambling, if you're an experienced gambler, you won't dare borrowing money to gamble.

Some friends will consider you a bad person for not lending them that money; it will be as if you have deprived them of what they could have won. They will not see it the other way, that you just saved them from paying back debt they didn't use for something worthy of it, and in some cases, where the person is not open about what they want to do with the money, they might end up taking the loan, and when they lose it, paying it back will be very difficult. Money issues have separated many friends in terms of giving each other loans.

[GiftedMAN]

Some friends will consider you a bad person for not lending them that money; it will be as if you have deprived them of what they could have won. They will not see it the other way, that you just saved them from paying back debt they didn't use for something worthy of it, and in some cases, where the person is not open about what they want to do with the money, they might end up taking the loan, and when they lose it, paying it back will be very difficult. Money issues have separated many friends in terms of giving each other loans.

If someone wants to borrow money to gamble it is left for you to decide if you want to give them or not so long as they will pay back, a gambler there opens up to tell you that he needs the loan to gamble is sincere and there's nothing wrong if you lean him the money since he will pay back but if you want to think about saving them from paying back the loan should they lose the bet, you will be seen as an evil person so it is better you give them regardless of what they what to do with it.

[Orpichukwu]

Some friends will consider you a bad person for not lending them that money; it will be as if you have deprived them of what they could have won. They will not see it the other way, that you just saved them from paying back debt they didn't use for something worthy of it, and in some cases, where the person is not open about what they want to do with the money, they might end up taking the loan, and when they lose it, paying it back will be very difficult. Money issues have separated many friends in terms of giving each other loans.

If someone wants to borrow money to gamble it is left for you to decide if you want to give them or not so long as they will pay back, a gambler there opens up to tell you that he needs the loan to gamble is sincere and there's nothing wrong if you lean him the money since he will pay back but if you want to think about saving them from paying back the loan should they lose the bet, you will be seen as an evil person so it is better you give them regardless of what they what to do with it.

I will say you are thinking from a business standpoint, and like someone who cares more about saving your friendship and good name with the person than actually saving them from themselves, you might not do anything wrong, but what's the point of taking a loan to gamble? Are loans not supposed to be used for pressing needs, or is gambling now among the things we categorise under pressing needs? Gambling can always wait; there is plenty of time to gamble.

[$weetne$$]

Some friends will consider you a bad person for not lending them that money; it will be as if you have deprived them of what they could have won. They will not see it the other way, that you just saved them from paying back debt they didn't use for something worthy of it, and in some cases, where the person is not open about what they want to do with the money, they might end up taking the loan, and when they lose it, paying it back will be very difficult. Money issues have separated many friends in terms of giving each other loans.

The other side of the bet is what most people  do not try to often consider, they just want to only focus on the lucky moments, thhry do not care enough  to look at the other side that could possibly go south and not give them the.kind of out come they expected and at that tune they find it difficult to pay back and if you continually demand for your money you will still be seen as a bad person for requesting for your money and sadly even when they win, some will still be reluctant to payback so either ways, an unreasonable person will still sse you wicked.

[Antotena]

But the worst can happen, do remember this is gambling and losing is inevitable. Hence, how can you repay if you lost the bet? So for me, it should not be your option - to take a loan just to gamble. I can agree if you will use the loaned money for business or other tangible assets. But for gambling, I don't think that's a very smart idea to take.

The after is what most people don't use to consider before they take any decision. Gambling is something whose winning chances are based on probability; it's something to only be done with money the person has, not even the one they want to use for something else. It's not worth it and should not even be considered.

I might want to borrow money and use it to eat and be having debt on my head than run after doubling money with gambling. It's like seeing a scam and then you endorse it because you like it and you can't do without it. Most of the time, you don't even know what you are gambling when you are active. It take a while to know where you are gambling at that time and it's used to be late before they even know. Using money for such kind of scheme looks like setting yourself up for regret that will come later.

People that even gamble raises questions like if they ask questions like whats their gambling responsibilities. Last I check, they said gamble with what you can afford to lose, I don't think there is anyone that will say they can gamble with funds they borrow, it doesn't make any sense and right, gambling that you are going to be under tensions and all you do will be a tense game isn't gambling resposibly, it's trying to make money out of thin air.

[WhoYouCantKill]

The after is what most people don't use to consider before they take any decision. Gambling is something whose winning chances are based on probability; it's something to only be done with money the person has, not even the one they want to use for something else. It's not worth it and should not even be considered.

I’ll always say that it is only those who do not really understand the concepts of gambling that’ll resort to gambling with loan money or money that wasn’t initially budgeted for gambling. One thing that pushes people into such act is greed in collaboration with ignorance. Greed pushes you into aiming for more and more, no matter how much you’ve already won, and then ignorance only make you see the possibility of winning and being blind to the part that you can end up losing your money in a twinkling of the eye.

[Cgrexp]

I’ll always say that it is only those who do not really understand the concepts of gambling that’ll resort to gambling with loan money or money that wasn’t initially budgeted for gambling. One thing that pushes people into such act is greed in collaboration with ignorance. Greed pushes you into aiming for more and more, no matter how much you’ve already won, and then ignorance only make you see the possibility of winning and being blind to the part that you can end up losing your money in a twinkling of the eye.

You are right, in fact, greed pushes people to achieve something. Most people gamble mainly for greed or money. When a person loses repeatedly in gambling, naturally his funds or money will run out. And if someone stops here, it is good. But those who do not stop even after the money runs out due to greed and start playing with loans, in this case this matter goes towards high levels of addiction or greed. And in this way, due to blindness and ignorance, everything can end in an instant. Then on one side there will be the pain of losing all the money and on the other side the burden of debt which harms normal life in the long run.

[Emeraldo]

Taking out a loan makes sense if something generates profit, for example, in a business with great potential, and the profits from it will easily cover the loan costs. But if we take out a loan to play a game in which we don't have a winning strategy, it simply doesn't seem very smart, because it's clear we're doomed to lose. Yes, it's not a 100% guarantee, but why tempt fate? Of course, no one wants to think they're the one who'll lose, although when this happens and the player is faced with the harsh reality, it can be very depressing.

What is the need to take a loan when you can lose the money immediately you use it and gamble. If the borrowed money can be used for investment, that will be better but using the money to gamble will not make any sense because that money can be lost forever.
Using borrowed money to gamble does not make any sense and gamblers should know about this and should not use all these money or money that was borrowed for something profitable for gambling.

[nimogsm]

Taking out a loan makes sense if something generates profit, for example, in a business with great potential, and the profits from it will easily cover the loan costs. But if we take out a loan to play a game in which we don't have a winning strategy, it simply doesn't seem very smart, because it's clear we're doomed to lose. Yes, it's not a 100% guarantee, but why tempt fate? Of course, no one wants to think they're the one who'll lose, although when this happens and the player is faced with the harsh reality, it can be very depressing.

You are absolutely right. The risks are still greater than the potential profits. It's one thing to take out a loan for a business, where there is also a chance of failure, but the business can be sold, whereas gambling debts cannot. Microloans with crazy interest rates are even more dangerous. Many gambling addicts fall for this trap and their debts grow exponentially.

[gunhell16]

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?

You know, dude, instead of feeling sorry for that friend you mentioned, I actually feel for you. He shouldn't be blaming you for his losses just because you refused to lend him money. He’s the one who decided to borrow from someone else, even with interest, so that’s on him, not you.

People like that clearly have a gambling addiction, so it’s no surprise he’s in that situation. Borrowing money should be done for the right reasons, and it should never be used for gambling."

[aylabadia05]

<snip>

You know, dude, instead of feeling sorry for that friend you mentioned, I actually feel for you. He shouldn't be blaming you for his losses just because you refused to lend him money. He’s the one who decided to borrow from someone else, even with interest, so that’s on him, not you.

People like that clearly have a gambling addiction, so it’s no surprise he’s in that situation. Borrowing money should be done for the right reasons, and it should never be used for gambling."

Such players find it difficult to escape gambling because their delusions continue to convince them that they should keep playing regardless of the risks involved in accumulating debt.
When the addiction is severe, these individuals become lazy and easily blame others for their failures. They believe they are always right and the best at gambling. Their lives are a 50-50 mix of delusion and reality.

Among many gamblers who are still aware of the gambling they engage in, it is no longer victory that is sought in the game but the challenge. They are aware that they are undertaking a challenge that they may not necessarily win.

[Yorubek]

Taking out a loan makes sense if something generates profit, for example, in a business with great potential, and the profits from it will easily cover the loan costs. But if we take out a loan to play a game in which we don't have a winning strategy, it simply doesn't seem very smart, because it's clear we're doomed to lose. Yes, it's not a 100% guarantee, but why tempt fate? Of course, no one wants to think they're the one who'll lose, although when this happens and the player is faced with the harsh reality, it can be very depressing.

What is the need to take a loan when you can lose the money immediately you use it and gamble. If the borrowed money can be used for investment, that will be better but using the money to gamble will not make any sense because that money can be lost forever.
Using borrowed money to gamble does not make any sense and gamblers should know about this and should not use all these money or money that was borrowed for something profitable for gambling.

If you have prudent money, it is better to decide to gamble with money that you will not have any problems with losing. You can gamble with that money by loan it, but after you have prudent money, you must have some extra money left over to pay off all the debts, then the loan money can be used for gambling. And if we do not have prudent money, then deciding to gamble with loan money is absolutely foolish, you can never know what the outcome of gambling can be, Therefore gambling with money you can afford to lose reduces the risk of losing additional money.

[Onyeeze]

Taking out a loan makes sense if something generates profit, for example, in a business with great potential, and the profits from it will easily cover the loan costs. But if we take out a loan to play a game in which we don't have a winning strategy, it simply doesn't seem very smart, because it's clear we're doomed to lose. Yes, it's not a 100% guarantee, but why tempt fate? Of course, no one wants to think they're the one who'll lose, although when this happens and the player is faced with the harsh reality, it can be very depressing.

What is the need to take a loan when you can lose the money immediately you use it and gamble. If the borrowed money can be used for investment, that will be better but using the money to gamble will not make any sense because that money can be lost forever.
Using borrowed money to gamble does not make any sense and gamblers should know about this and should not use all these money or money that was borrowed for something profitable for gambling.

I have not seen any purpose or any needs for someone to take loan and the Gamble, because in the gambling taking loan to gamble is a very big risk to the person who is gambling the thing is that gambling cannot give you what you need at that moment because it is something that is not 100% predictable some people can predict in the gambling and the win and another person may predict in gambling without winning so when you check very well you will know that most of people who gambles always lose so there is no Assurance that cover that the person that took loan to gamble is going to win from the gambling, so for me it's not ethical for anybody to take loan for gambling it does not have any wise benefit

[liuka]

Taking out a loan makes sense if something generates profit, for example, in a business with great potential, and the profits from it will easily cover the loan costs. But if we take out a loan to play a game in which we don't have a winning strategy, it simply doesn't seem very smart, because it's clear we're doomed to lose. Yes, it's not a 100% guarantee, but why tempt fate? Of course, no one wants to think they're the one who'll lose, although when this happens and the player is faced with the harsh reality, it can be very depressing.

You are absolutely right. The risks are still greater than the potential profits. It's one thing to take out a loan for a business, where there is also a chance of failure, but the business can be sold, whereas gambling debts cannot. Microloans with crazy interest rates are even more dangerous. Many gambling addicts fall for this trap and their debts grow exponentially.

Gambling is enough with money that is ready to lose not because there is no money and then take out a loan then it is not smart, while business loans are not a problem, many companies out there take out loans to increase expansion because they already know the benefits so obviously it can cover the cost of the loan every month.
Those who take loans for gambling, that person is already addicted badly maybe there is no way to get money other than loans.

[alastantiger]

If someone wants to borrow money to gamble it is left for you to decide if you want to give them or not so long as they will pay back, a gambler there opens up to tell you that he needs the loan to gamble is sincere and there's nothing wrong if you lean him the money since he will pay back but if you want to think about saving them from paying back the loan should they lose the bet, you will be seen as an evil person so it is better you give them regardless of what they what to do with it.

Well, i will say transparency does not automatically make a decision responsible. Someone being honest about borrowing to gamble only clarifies the risk but it does not reduce it, you might not get your money back. Lending money for an activity with a known chance of loss is not even wise just because repayment is promised. you are not obligated to fund choices you would not make yourself, and declining is not 'evil,' or something it is just boundaries you are setting, which is good. But if you must give the loan out, remember the responsibility lies on both sides, the borrower for the risk they are taking, and the lender for the risk they are enabling.

[odunybiz]

Taking out a loan makes sense if something generates profit, for example, in a business with great potential, and the profits from it will easily cover the loan costs. But if we take out a loan to play a game in which we don't have a winning strategy, it simply doesn't seem very smart, because it's clear we're doomed to lose. Yes, it's not a 100% guarantee, but why tempt fate? Of course, no one wants to think they're the one who'll lose, although when this happens and the player is faced with the harsh reality, it can be very depressing.

Even though you have a winning streak, it isn't advisable for one to  take a loan to gamble. What if you lose it all. Remember, it's a loan. It has interest. So if you lose it all, then you keep running up and down to pay for the borrowed money and the interest. Anyone that does this should  take himself has a gambling addict.

[Etranger]

Well, i will say transparency does not automatically make a decision responsible. Someone being honest about borrowing to gamble only clarifies the risk but it does not reduce it, you might not get your money back. Lending money for an activity with a known chance of loss is not even wise just because repayment is promised. you are not obligated to fund choices you would not make yourself, and declining is not 'evil,' or something it is just boundaries you are setting, which is good. But if you must give the loan out, remember the responsibility lies on both sides, the borrower for the risk they are taking, and the lender for the risk they are enabling.

Yes, I agree that this can only be interpreted as an increase in risk, and a very significant one. Losing is almost inevitable, it happens far more often than winning. On top of that, a player might win, but the multiplier may be too small to cover the loan and their needs, which can push them back into the game after that win and lead to even bigger losses than before. The outcome is extremely unpredictable, and relying on a minimal chance of winning seems very poorly thought out to me.