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

[Mr_Brilliant$]

If not those who are addicted to gamble, then I don't think if any responsible gambler will ever think of taking a loan to gamble. Because doing that is a big risk and I'm sure that those responsible gamblers is aware of the risk that is why they don't think about taking a loan to gamble, if they don't have funds to gamble they would rather sit back and watch instead of going extra mile just to gamble. While those addicted gamblers wouldn't mind going extra mile just to gamble.

I swear, this is so true.. No responsible gambler will ever think of taking a loan just to gamble at all, that is already a red flag..  Anyone who understands risk knows that borrowing money to gamble is just setting yourself up.. If the money is not there, a sensible person will just don’t gamble.

It is usually addiction that pushes people to go that extra mile sha. Once someone has gotten to that point, logic will just go and they will do anything just to place another bet.

[nara1892]

It is clear that it is very risky, taking a loan just to gamble is the same as you invite a much bigger problem, not to mention that if for example the results do not match what you expect then surely you will be burdened with debt along with the interest that must be paid.

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

[ShowOff]

It is clear that it is very risky, taking a loan just to gamble is the same as you invite a much bigger problem, not to mention that if for example the results do not match what you expect then surely you will be burdened with debt along with the interest that must be paid.

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

Never think about taking out a loan just to satisfy your gambling urges. Everyone would agree that this is a high risk action and one that can lead any gambler toward the brink of ruin. Even if you have a stable income to repay the loan, it is still better never to do so for gambling purposes.

I think it is acceptable to take a loan to start a business, as that is far better because your success does not depend on luck. Of course, many people may have borrowed money to gamble, regardless of the amount, but I think it becomes a bad habit that is difficult to break. Even if you see a higher chance of winning when gambling, taking out a loan remains extremely risky and can have negative impacts on your life.

[Ugeh002]

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?

From what implies asking a friend for money is not really borrowing, but a brotherly or friendship support, because he believes with little move he's sure of something. And borrowing money to gambler is not bad. Because if you refused borrowing he money, do know if that is hopeful day to win. You can afford him what he wants for the day. Just assiste he because there is one sure game wey in see. So help us out when it matters.

[Orpichukwu]

From what implies asking a friend for money is not really borrowing, but a brotherly or friendship support, because he believes with little move he's sure of something. And borrowing money to gambler is not bad. Because if you refused borrowing he money, do know if that is hopeful day to win. You can afford him what he wants for the day. Just assiste he because there is one sure game wey in see. So help us out when it matters.

Asking a friend for money is borrowing no matter how you want to put it; as long as the person asks for the money and it will be repaid back, then it's borrowing, and taking a loan to gamble is never a good thing. The game outcome is uncertain, so while thinking about what if he wins, also take a look at the losing opportunity because it's always there and even higher than winning possibilities.

[rachael9385]

You can feel confident if you lose the money you were ready to lose, if you lose more than you wanted then it's bad, but if it comes to losing credit money then it's a disaster and such a player definitely needs outside help. I wouldn't even bet credit money, even if I got some kind of forecast from an insider, because anything can happen and losing money that doesn't belong to me is too reckless.

Am even scared borrowing money for more important issues talk more of borrowing it for the purpose of gambling with it, that's the highest joke of the century because I see no way that can even be possible to me when am pretty aware of it implications. However sometimes I wonder how some people's has taken this whole gambling stuff to an extend that they just think it's wise gambling at any given time regardless the negative side effect of their actions, gambling is not a do or die affairs that you must borrow to play when you are not on funds, perhaps doing that is automatically jeopardizing your peace by yourself and also putting yourself in more dept regarding the fact that gambling success is not assured.

one reason why it is extreme for alot of people and seems abnormal to you is because they are dealing with addiction issues, people who are addicted to gambling can do anything just so they can get the funds to gamble even if it means borrowing. their sense of reasoning has been affected so even if they end up losing the money they borrowed all they can think of is borrowing more

[Ugeh002]

It is clear that it is very risky, taking a loan just to gamble is the same as you invite a much bigger problem, not to mention that if for example the results do not match what you expect then surely you will be burdened with debt along with the interest that must be paid.

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

I don't think is risky, the main point a gambler takes Risk is because with believe and confidence he is sure. So asking for money from a company or a brother and his friends, his very sure of it. So when he chosen to make moves to people is risky. what about the games we will play with our own money not risk??? Gambling activities  and reasons is very interesting. If I have money and I it use for gambling is risky. Borrowing money from someone else to play gambling is risky too. So no different risk is risky.

[IvugeoEvolutionCoin]

It is clear that it is very risky, taking a loan just to gamble is the same as you invite a much bigger problem, not to mention that if for example the results do not match what you expect then surely you will be burdened with debt along with the interest that must be paid.

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

I don't think is risky, the main point a gambler takes Risk is because with believe and confidence he is sure. So asking for money from a company or a brother and his friends, his very sure of it. So when he chosen to make moves to people is risky. what about the games we will play with our own money not risk??? Gambling activities  and reasons is very interesting. If I have money and I it use for gambling is risky. Borrowing money from someone else to play gambling is risky too. So no different risk is risky.

Gambling is a risky affair, but the degree of the risk depends on the source of money. Your own money will only put you through what you can afford but a borrowed facility will put a strain, debt and interest when things go amiss. Belief or confidence makes no difference in probabilities. Borrowing by many gamblers is in pursuit of money lost and this makes the problem more financial. In a way, though, both are risky matters, the use of borrowed funds is obviously more disastrous.

[virasisog]

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?

Why would it be good to take loan just to gamble?
I don't see any situation that taking loan to gamble would be good, no matter how skilled a gambler could be there is always a chance to lose, and that is enough to keep a person who is in their right mind to stop them from taking a loan just to throw it all in gambling.
If they couldn't afford it then they need to stay out of it, taking a loan just to gamble even though they already lose too much from gambling is a quick way to destroy your life financially.

[Chronanalysis]

Unfortunately this sort of thing has been normalized in the gambling scene. Streamers like Goobr and others are often glorifying and normalizing taking a loan for the purpose of gambling to chase loses and get out of debt. The reality of the matter is you are just compounding the problem, whatever you do DO NOT take a loan to gamble or gamble with more money then you can afford to lose. These streamers are not in the same situation as the average everyday gambler. If anybody ever needs to talk I have a lot of knowledge and advice to offer in this subject. I can also help with safe ways to gamble etc. DM’s are always open, happy to help anyone in need!!

[junder]

Taking out a loan to gamble is one of the stupidest things I've ever heard in my 60 years (and yes, i am almost 60). I've never heard anything like it.

You gamble for fun, not to make money. Then you take out loans, not only do you lose the money, but you're left with debts.

Never do it

The situation can be reversed because luck helps, but yes I myself do not agree to take loans for gambling because after all the chances of losing are greater than the chances of winning so yes there is no clear certainty that we will be able to get a win when betting using borrowed money.

I myself have never heard of anyone who went bankrupt because of gambling and he took out a loan to gamble again and then the results were positive, managed to get a win that could pay off the loan and cover all the losses incurred, it seems very unlikely to happen.

[masulum]

Unfortunately this sort of thing has been normalized in the gambling scene. Streamers like Goobr and others are often glorifying and normalizing taking a loan for the purpose of gambling to chase loses and get out of debt.

LOL, if a streamer or influencer telling their viewers or followers to take a loan when losses, I think they only want to get more money from their referral. There is no proof chasing losses for winning happens after take a loan. even the gambler lucky enough, it still can't be normalized to take a loan because from 1 users that lucky after taking a loan and win double, maybe 10 or 100 other member getting more losses and ended with a debt.

[Hanadawa]

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

I personally think gambling with your own salary is also wrong if you don't consider your monthly budget, investments, and emergency fund. And even if you've allocated money for gambling, the risk of addiction and spending more than you budgeted makes me think it's better not to gamble at all. So, if someone gambles with borrowed money, you've done something very bold and started your own life of suffering. Someone addicted to gambling will continue to borrow money to gamble in the hope of winning the jackpot and starting to pay off their debt. But the fact is, someone will never stop gambling with a big win. Someone will only stop gambling and pay off their debt after winning the jackpot with the maximum bet. I've often seen someone win the jackpot, but because they won with a small bet, they end up using the winnings to gamble again, but with the maximum bet.

[nara1892]

It is clear that it is very risky, taking a loan just to gamble is the same as you invite a much bigger problem, not to mention that if for example the results do not match what you expect then surely you will be burdened with debt along with the interest that must be paid.

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

I don't think is risky, the main point a gambler takes Risk is because with believe and confidence he is sure. So asking for money from a company or a brother and his friends, his very sure of it. So when he chosen to make moves to people is risky. what about the games we will play with our own money not risk??? Gambling activities  and reasons is very interesting. If I have money and I it use for gambling is risky. Borrowing money from someone else to play gambling is risky too. So no different risk is risky.

Friend no matter how you gamble and no matter what money you use to play basically gambling is still a risky activity because losing is a definite part of the game and can never be separated, but borrowing money just to gamble is much more risky, the risk here is not always about losing money, Getting into trouble with the lender when you can't pay the loan is also a risk of your silly decision and usually most gamblers get into debt because they can't pay their debts because every time they have money they use it to gamble in the hope of winning and paying off all their debts, but reality will not always match expectations.

[Yorubek]

Gambling with loan money is absolutely foolish. Many people think that gambling can make money quickly and become rich very easily. In fact, this idea is not at all correct. Therefore, many people decide to gamble with borrowed money. There is nothing certain about gambling. Therefore, the mentality of gambling with loan money will give you extra mental stress. you will not be able to gamble according to the correct rules. As a result, the possibility of losing money increases many times compared to gaining money. Basically, it is better to use money that we can lose for gambling. we will not put extra mental and financial pressure on ourselves, it is relatively better to gamble with that money, as it allows you to gamble in the right way, reducing the risk of losing money and reducing the possibility of addiction.

[Antotena]

From what implies asking a friend for money is not really borrowing, but a brotherly or friendship support, because he believes with little move he's sure of something. And borrowing money to gambler is not bad. Because if you refused borrowing he money, do know if that is hopeful day to win. You can afford him what he wants for the day. Just assiste he because there is one sure game wey in see. So help us out when it matters.

Asking a friend for money is borrowing no matter how you want to put it; as long as the person asks for the money and it will be repaid back, then it's borrowing, and taking a loan to gamble is never a good thing. The game outcome is uncertain, so while thinking about what if he wins, also take a look at the losing opportunity because it's always there and even higher than winning possibilities.

I don't really see it as a problem if your friend gave you money as long as you are not going to pay back. It's a free money right, you are not liable to payback or owe anyone and it's your choice if you use it the way you want. But if you are going to pay back and it's not a short term money, you are going to feel it when you are paying back the money. If you make money with the money, then you will have a relief to pay back but I still don't support the idea of borrowing.

There is nothing good that will come out of gambling with borrow funds, two things are likely going to happen to you, either you get addicted and with debt or you get addicted with out any debt. If you are not on debt, you are save atleast you can work on getting out of addiction with time but if you have a debt to settle and still have addiction, you might be under the influence of addiction for a very long period of time.

[Agbe]

I don't really see it as a problem if your friend gave you money as long as you are not going to pay back. It's a free money right, you are not liable to payback or owe anyone and it's your choice if you use it the way you want. But if you are going to pay back and it's not a short term money, you are going to feel it when you are paying back the money. If you make money with the money, then you will have a relief to pay back but I still don't support the idea of borrowing.

There is nothing good that will come out of gambling with borrow funds, two things are likely going to happen to you, either you get addicted and with debt or you get addicted with out any debt. If you are not on debt, you are save atleast you can work on getting out of addiction with time but if you have a debt to settle and still have addiction, you might be under the influence of addiction for a very long period of time.

What you said is correct. If he is not paying the money given to him back then it is a gift for him and that is not a loan. He can lodge with it or gamble with it. But even the loan is long term, it is not good for gambling because he doesn't know the outcome of the games will play with the money. We have said this in many times, people have been trashed with such moved in their lives so we are telling people to avoid it.

[Youngrebel]

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 should be happy that you did not give him the money for the gambling Bro , because if you had given him that money SORRY would have been your name.
You would have lost that money and if you tried asking that money it would be procrastinated, and worst of it is that the issue can even cause an enmity between you and your friend as well.
For this case of loaning money to gamble is what everyone already knows and they donot even need an advice wether or not to do it.  Since they have given a deaf ear to the negative impacts on others let them also face the consequences.  Like a smoker who sees the a boldly written note " SMOKERS ARE LIABLE TO DIE YOUNG" And still goes ahead to smoke. Offcourse they'll face the consequences of smoking.

[Nheer]

The point is that gambling by utilizing borrowed funds can be very risky but usually this is often used as an alternative for addicted gamblers to finance their gambling activities when they have no money and this is the reason why they often suffer from many financial problems such as debt.

The disadvantages of lending money to gamble is much than the advantages so we shouldn't be thinking of that at all unless you have a way to sort things out. Lending money to gamble can easily lead to addiction because when you lose the borrowed money you would want to get it back and keep chasing the loss. It's very risky and this kind of risk is not really worth taking for me.

LOL, if a streamer or influencer telling their viewers or followers to take a loan when losses, I think they only want to get more money from their referral. There is no proof chasing losses for winning happens after take a loan. even the gambler lucky enough, it still can't be normalized to take a loan because from 1 users that lucky after taking a loan and win double, maybe 10 or 100 other member getting more losses and ended with a debt.

That's true, they don't really care about the bet whether they lose or not all they are really after is to gain more referrals. Taking a loan to gamble is very wrong, it's not ideal as it will only add more problems to your problems, there is no any assurance in gambling so when you take a loan to gamble and you lose how do you intend to pay back? When experiencing a loss taking a break is most ideal instead of taking loan to chase after your losses.

[STT]

Never borrow from friends, it can only be a gift to be returned but painful experience taught me you should not lend to friends as it cannot end well.   To use that money to gamble besides just lunch money small amount sized gambles seems wrong to me as I would hate to use up a gift without much thought.
  My general advice with or without borrowed money is dont risk using up money that is not spare, pay bills before you gamble then you are free and clear.   To gamble firstly with money not spare does cause harm to your chances as you are more worried and distracted by that additional consideration left untied ready to trip you up.  Give yourself the best chances and clear your path first imho.