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

[davis196]

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.

What kind of "friend" is this? You are dealing with a toxic person with gambling addiction problems(and probably a narcissist).
If a friend of mine was blaming me for not wanting to borrow him money without interest, I would probably kick his ass and tell him to fu*k off.
The world is full with idiots and people with mental issues. This is why I'm pretty introverted and I try to keep my social circle to the bare minimum. If someone is stupid enough to gamble with borrowed money and lose everything, just tell him to go to a bank and ask for a loan or maybe tell him to borrow money from the "loan sharks".

[dimonstration]

The typical mistake and start of downfall of someone that becomes addicted on gambling. There a lot of successful businessman in my area that becomes poor after being addicted in online gambling during pandemic that resulted to selling their business property just to pay their loan and bloated interest rates.

I don’t support even a regular for purchasing items since I don’t want to pay interest instead I preferred savings and purchase within my current finance.

Perhaps in your region gambling is some kind of popular form of entertainment, but honestly, I have never heard of gambling being so popular among businessmen. Especially I have never heard of it leading them to go bankrupt and lose their businesses because of gambling. I still believe that people get involved in gambling in order to make money. But in gambling you will never earn as much as you can from a business. So for me, there is some kind of inconsistency here.

My country has a craze when it comes to gambling specifically online sabong which many businessman favorite to play during Sundays spending huge money on betting to cock fighting.

During pandemic since most businesses can’t operate physically many was tempted to play online sabong and bet excessively since there’s always a schedule cockfight 24/7 unlike the physical cockfight that only have scheduled fight once a week.

[Mayor of ogba]

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.

It's very much okay if you ask a friend for a tip so that you can bet on your game, but borrowing money from a friend to finance your gambling habits isn't a good idea or move for me because you aren't guaranteed of winning your bet, and you will have a debt to repay if the bet ticket didn't play, and it can possibly put you in financial difficulty. If you don't have money to bet on your game, don't borrow money to bet; just rest until you have money to bet.

[nara1892]

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.

It's very much okay if you ask a friend for a tip so that you can bet on your game, but borrowing money from a friend to finance your gambling habits isn't a good idea or move for me because you aren't guaranteed of winning your bet, and you will have a debt to repay if the bet ticket didn't play, and it can possibly put you in financial difficulty. If you don't have money to bet on your game, don't borrow money to bet; just rest until you have money to bet.

Of course, I also often play with money from tips given by my friends when they win, usually they immediately give it without having to be asked and that's because they understand that I don't have money to bet.

You're right that if we don't have money to gamble then there's no better way than not to gamble and take a break, after all there's no compulsion to gamble all the time, basically borrowing money will only lead us to various new disasters, not infrequently I see gamblers who end up in debt because they make loans as an alternative.

[Akbarkoe]

Of course, I also often play with money from tips given by my friends when they win, usually they immediately give it without having to be asked and that's because they understand that I don't have money to bet.

You're right that if we don't have money to gamble then there's no better way than not to gamble and take a break, after all there's no compulsion to gamble all the time, basically borrowing money will only lead us to various new disasters, not infrequently I see gamblers who end up in debt because they make loans as an alternative.

It is better if you do not have money, it is better not to think about gambling at all, hoping for tips from friends or waiting for them is an uncertain thing and forcing loans to gamble is a stupid decision, we have to work more to get more money so that the gambling budget will be bigger too, stay logical and do not force things that are unnecessary and cannot be done, such as gambling but borrowing money as capital.

[hedgeh0g]

Of course, I also often play with money from tips given by my friends when they win, usually they immediately give it without having to be asked and that's because they understand that I don't have money to bet.

You're right that if we don't have money to gamble then there's no better way than not to gamble and take a break, after all there's no compulsion to gamble all the time, basically borrowing money will only lead us to various new disasters, not infrequently I see gamblers who end up in debt because they make loans as an alternative.

It is better if you do not have money, it is better not to think about gambling at all, hoping for tips from friends or waiting for them is an uncertain thing and forcing loans to gamble is a stupid decision, we have to work more to get more money so that the gambling budget will be bigger too, stay logical and do not force things that are unnecessary and cannot be done, such as gambling but borrowing money as capital.

I'm only willing to borrow money if it brings me more money, generating capital, for example, in business or agriculture, when I buy a tractor to increase productivity and profits, so I can pay off the loan for it that way. I don't want to make excuses and follow the path of those who already went through it with gambling loans. Just yesterday, I read in the news how a woman in her 40s took out a gambling loan and lost it instantly after placing a bet at a casino. And I understand what she was thinking at that moment: she thought she'd win and pay back the money, but that didn't happen. Before that, she didn't even want to consider the possibility of losing it; that's incredibly stupid.

[Tipstar]

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 an classic example of people destroying their lives through gambling. It's never a good idea to take a loan to gamble.
You are expected to gamble responsibly with only the amount you could afford to lose. It should ideally not effect your life economically or psychologically.
When you take loans for gambling or with other excuses and use to gamble, you have entered into a compulsive gambling stage from where you might not be able to come back. The news about a gambler killing people in Las Vegas or one who gambled the office money and later committed a suicide all are due to gambling on others money.

[ejikeme24]

It's very much okay if you ask a friend for a tip so that you can bet on your game, but borrowing money from a friend to finance your gambling habits isn't a good idea or move for me because you aren't guaranteed of winning your bet, and you will have a debt to repay if the bet ticket didn't play, and it can possibly put you in financial difficulty. If you don't have money to bet on your game, don't borrow money to bet; just rest until you have money to bet.

You're right, asking a friend for some tips is very much okay I mean there's nothing wrong with that but taking a loan from a friend is a wrong thing to do. As a gambler it is advised to only bet with what you have if you notice that you have run out of bankroll or you don't have money to gamble with, the best thing to do is to go for a break or wait until you fund your bankroll rather than going for a loan to gamble this is how responsible gamblers do, those that go in search of where they can get a loan to gamble when they don't have money are all irresponsible gamblers.

[Mr. Magkaisa]

It's very much okay if you ask a friend for a tip so that you can bet on your game, but borrowing money from a friend to finance your gambling habits isn't a good idea or move for me because you aren't guaranteed of winning your bet, and you will have a debt to repay if the bet ticket didn't play, and it can possibly put you in financial difficulty. If you don't have money to bet on your game, don't borrow money to bet; just rest until you have money to bet.

You're right, asking a friend for some tips is very much okay I mean there's nothing wrong with that but taking a loan from a friend is a wrong thing to do. As a gambler it is advised to only bet with what you have if you notice that you have run out of bankroll or you don't have money to gamble with, the best thing to do is to go for a break or wait until you fund your bankroll rather than going for a loan to gamble.

just imaging if you take a loan just to bet you already lose some amount because of the interest of the loan.
It will never be a good thing co it will be a problem in a the future. Just gamble what you have and never take a risk of having a loan.
Win on your own money, lose it as you dont need it. Stop whn you cant support it.

[Hispo]

It's very much okay if you ask a friend for a tip so that you can bet on your game, but borrowing money from a friend to finance your gambling habits isn't a good idea or move for me because you aren't guaranteed of winning your bet, and you will have a debt to repay if the bet ticket didn't play, and it can possibly put you in financial difficulty. If you don't have money to bet on your game, don't borrow money to bet; just rest until you have money to bet.

You're right, asking a friend for some tips is very much okay I mean there's nothing wrong with that but taking a loan from a friend is a wrong thing to do. As a gambler it is advised to only bet with what you have if you notice that you have run out of bankroll or you don't have money to gamble with, the best thing to do is to go for a break or wait until you fund your bankroll rather than going for a loan to gamble this is how responsible gamblers do, those that go in search of where they can get a loan to gamble when they don't have money are all irresponsible gamblers.

It reminds me the story/thread of some guy from Africa who shared his situation with us here on the gambling section of the forum. He basically lost some money playing blackjack, and decided to take a loan from his bank (through the use of the bank application on his phone) in order to deposit it all on the casino and get more money, he ended up losing it all and owing 2000$ to his bank.
Me mentioned it was going to take him up to two years to be able to pay the money back to his bank, which says a lot about his economical situation... Your guess it is as good as mine on how a bank can lean two thousand dollars for someone who would take two years to pay back...

[nara1892]

Of course, I also often play with money from tips given by my friends when they win, usually they immediately give it without having to be asked and that's because they understand that I don't have money to bet.

You're right that if we don't have money to gamble then there's no better way than not to gamble and take a break, after all there's no compulsion to gamble all the time, basically borrowing money will only lead us to various new disasters, not infrequently I see gamblers who end up in debt because they make loans as an alternative.

It is better if you do not have money, it is better not to think about gambling at all, hoping for tips from friends or waiting for them is an uncertain thing and forcing loans to gamble is a stupid decision, we have to work more to get more money so that the gambling budget will be bigger too, stay logical and do not force things that are unnecessary and cannot be done, such as gambling but borrowing money as capital.

Fortunately, I never asked or even forced my friends to give me tips from their winnings. They simply gave them to me without me asking. In my opinion, there is no problem with gambling with money given by others. The point is that you should not borrow money to gamble, as you said, because it is a foolish decision that will only expose you to many new disasters.

Working harder is good, but that doesn't mean we should increase our gambling budget because excessive gambling is not good. The point is, gamble only when you have money that you can afford to lose.

[Berry2d]

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 an classic example of people destroying their lives through gambling. It's never a good idea to take a loan to gamble.
You are expected to gamble responsibly with only the amount you could afford to lose. It should ideally not effect your life economically or psychologically.
When you take loans for gambling or with other excuses and use to gamble, you have entered into a compulsive gambling stage from where you might not be able to come back. The news about a gambler killing people in Las Vegas or one who gambled the office money and later committed a suicide all are due to gambling on others money.

I don't see it that way, we all know gambling is one great activity we need to be very careful before getting involved but we still don't need to forget that life itself is a risk. So sit down at home and get consumed by what they don't know why others get consumed by what they caused for themselves. But that is never enough reasons we should stop taking calculated  risk in life because that is the only key to success. So let us not blame anyone that believes he could make it by taking a loan for gambling for he had his own reasons even as gambling is filled with uncertainty

[atookz]

Gambling is a game, you cannot gamble unless you have money to do that. Gamble after putting money and saving first. Borrowing money to gamble is not only a risk to money but it also reflects the character. Whether it is in terms of debt, interest and laying the blame on others of oneself behavior then self awareness is key. Borrowing money to gamble is a very unsafe and incorrect move as there are hardly any circumstances when this practice is justifiable.

[Emeraldo]

Of course, I also often play with money from tips given by my friends when they win, usually they immediately give it without having to be asked and that's because they understand that I don't have money to bet.

You're right that if we don't have money to gamble then there's no better way than not to gamble and take a break, after all there's no compulsion to gamble all the time, basically borrowing money will only lead us to various new disasters, not infrequently I see gamblers who end up in debt because they make loans as an alternative.

It is better if you do not have money, it is better not to think about gambling at all, hoping for tips from friends or waiting for them is an uncertain thing and forcing loans to gamble is a stupid decision, we have to work more to get more money so that the gambling budget will be bigger too, stay logical and do not force things that are unnecessary and cannot be done, such as gambling but borrowing money as capital.

Every loan takers are not expected to be dumb like others that could use the loan money to do rubbish and spend it on something that is not really important. There are people that will take a loan and use the money to invest while using the rest to gamble which is better than taking a loan to gamble alone without proper planing on how to prevent a bad investment with loan money.
The best decision you can is to gamble without taking any loan so that if you lose, you can swallow your loses in peace.

[sompitonov]

I don't see it that way, we all know gambling is one great activity we need to be very careful before getting involved but we still don't need to forget that life itself is a risk. So sit down at home and get consumed by what they don't know why others get consumed by what they caused for themselves. But that is never enough reasons we should stop taking calculated  risk in life because that is the only key to success. So let us not blame anyone that believes he could make it by taking a loan for gambling for he had his own reasons even as gambling is filled with uncertainty

In my opinion, it's not entirely right to take out a loan to gamble and bet with that money, but I believe every adult is responsible for their own actions, and if they're willing to take that responsibility, then let them do it. The only thing that might worry me is that those around them might suffer because of it, for example, their family, who will have less to eat because the gambler lost money and now owes someone. Personally, I never intend to do this, because for me, it's definitely not justifiable. If I'm destined to lose money, it will be my own money, not borrowed money or a loan.

[Lannakosa]

Gambling is a game, you cannot gamble unless you have money to do that. Gamble after putting money and saving first. Borrowing money to gamble is not only a risk to money but it also reflects the character. Whether it is in terms of debt, interest and laying the blame on others of oneself behavior then self awareness is key. Borrowing money to gamble is a very unsafe and incorrect move as there are hardly any circumstances when this practice is justifiable.

This may not be a reflection of personality, but rather a lack of financial management knowledge. Until you earn enough to save, don't try to make money through gambling, as it's not a place where you can earn and save. Gambling is structured so that the casino owner will make money if they manage their business correctly, and the players are the casino's clients, ensuring their profits. This is important to remember when considering borrowing for gambling.

[WatChe]

It's very much okay if you ask a friend for a tip so that you can bet on your game, but borrowing money from a friend to finance your gambling habits isn't a good idea or move for me because you aren't guaranteed of winning your bet, and you will have a debt to repay if the bet ticket didn't play, and it can possibly put you in financial difficulty. If you don't have money to bet on your game, don't borrow money to bet; just rest until you have money to bet.

Gambling is risky stuff and before entering, one has to understand the risk associated with it. Gambling is fun, only as long as you have control over your emotions and you know when to quit. Moreover the whole gambling industry is designed in a way that it's the house that's the winner with gamblers getting occasional wins only. Taking loan for gambling is very risky because you are most likely to lose money in gambling but you have to repay the loan with interest.

[Bright0515]

Gambling is risky stuff and before entering, one has to understand the risk associated with it. Gambling is fun, only as long as you have control over your emotions and you know when to quit.

This is why children below 18 years are not supposed to gamble because they do not have control over their emotions. Someone that do not have control over his or her emotions will lose everything they have and still continue to gamble because they want to recover back their losses. Think about it, if adult is addicted to gamble there's is enough chance their an under age bettor will also become addicted. Those that think they can recover their money if they continue to gamble will always lose because their is no assurance to winning.

[Cgrexp]

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.

What kind of "friend" is this? You are dealing with a toxic person with gambling addiction problems(and probably a narcissist).
If a friend of mine was blaming me for not wanting to borrow him money without interest, I would probably kick his ass and tell him to fu*k off.
The world is full with idiots and people with mental issues. This is why I'm pretty introverted and I try to keep my social circle to the bare minimum. If someone is stupid enough to gamble with borrowed money and lose everything, just tell him to go to a bank and ask for a loan or maybe tell him to borrow money from the "loan sharks".

It is natural to be angry with such a person who spends days gambling and then loses and blames others. A person who is fully responsible for the outcome of gambling cannot blame anyone else, but in this case, if the person is firstly irresponsible and gambles with debt, then blames others after losing, this is an extreme level of addiction. However, I think that just because you have a friend, you do not have to support someone in their wrong decision. It is necessary to be able to say no. It is good and responsible behavior not to lend money to someone to gamble.

[Powerjumboo]

>>>>Now the question remain that Is it good to take loan to gamble?

It is not advisable to take loan for gambling, most people who tried it have gone bankrupt. They have even sold their property just to gamble. That is the worst of it all. I will not advice anyone to try it.

>>>>Or is there some game that worth risking to an extent of taken loan?

No matter how a game looks so good to be true, it does not Worth taken loan to gamble, because it might turn the opposite. And the possibility of losing is high than win that's why we don't need to even try taken such risk.

Even in starting a business, its not advisable to use a loan for a start up, we have to work out things first for our own self before taking necessary steps, that is why it is important we ask questions for clarity in some aspects we may not know much about, because we cant afford to get ourself into trouble, just by a silly mistake we could have avoided, also, some do advise others wrongly that they can go into taking loan to gamble and play a sure bet, at the end, they will be left alone to face the wrath of their action losing the bet.

I don't think you should take a loan for anything. Loans make people more in debt. In my opinion and knowledge, I have seen that those who take loans and go to do something have suffered more. Now if you start a business with a loan and if your business suffers and at that time a lender asks you, then at that moment you must somehow raise the loan money to repay the loan. If you cannot raise the loan money at that time, then you may have to sell the business at a loss and repay the loan. This is how it can happen in every case, so it is not advisable to do anything with a loan.