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

[Mandoy]

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...

That's so bad, but I'm still imagining the bank that would lean money to someone and then give them the space of two years to pay back, did you really it is possible? Because two years is such a Long distance even though the amount is big still it is not supposed to take that Long or maybe the person went to take from a friend or relative, because I'm not really sure if there's any bank or loan application that would extend their loan date to such extent. Although he might be saying the truth but I'm still finding it hard to believe.

Borrowing money to gamble is among the most evident indicators of irresponsible gambling, and the case you described justifies the point. Gambling allows one to put pressure, stress, and desperation and nearly all the time results in poor choices and larger losses as one gambles with borrowed money. It does not matter whether the loan was loaned by a bank, loan application or friend, the result is normally the same-debt without a guaranteed payback. In most nations, banks and online loan applications do permit lengthy payments with interest, and hence the narrative is plausible. This simply aggravates it, as interest may keep the gambler in years. The least risk is straightforward, just bet only with what you can afford to lose and once the bankroll is emptied, give yourself a break rather than go out chasing a loss.

[Jody.Drummer]

That is a very risks not even in gambling you shouldn't be taking loans when you don't have any guarantees of getting returns because gambling don't have guarantees of getting profits is always unpredictable so is better you should keep your self in a peaceful place because if you take a loans and you didn't get what you need you have put your self in a big problem, accept you have another way of generating profits so that you can get a way to pay back but if you don't have anything you will definitely face big issues that can make you lose your self. So is good to take loans for business that you get believe off, but gambling don't have sure wining is just 50/50 you can lose and can still win because is q lucky game no guarantees of wining.

Yes, we have already said that taking basic loans is a very risky thing, because then you have to have the possibility to pay it back, but taking it, especially for a game, is even more stupid, in my opinion. I'm sorry to be so aggressive about it, but the game is the game, you have to put in what you can spend.

Aside from the risk of taking a loan to gamble is also a stupid act, I believe the person who does this is a person who is already frustrated with the victory that never gets what he wants, maybe the victory occurs but it does not fulfill his wishes. It's true that you said games are games so we should spend money that is not so excessive and if we borrow money of course it is too excessive behavior, and for example even if we can afford to pay it but at least don't do things that are not really necessary.

[impulse709]

That is a very risks not even in gambling you shouldn't be taking loans when you don't have any guarantees of getting returns because gambling don't have guarantees of getting profits is always unpredictable so is better you should keep your self in a peaceful place because if you take a loans and you didn't get what you need you have put your self in a big problem, accept you have another way of generating profits so that you can get a way to pay back but if you don't have anything you will definitely face big issues that can make you lose your self. So is good to take loans for business that you get believe off, but gambling don't have sure wining is just 50/50 you can lose and can still win because is q lucky game no guarantees of wining.

Yes, we have already said that taking basic loans is a very risky thing, because then you have to have the possibility to pay it back, but taking it, especially for a game, is even more stupid, in my opinion. I'm sorry to be so aggressive about it, but the game is the game, you have to put in what you can spend.

Aside from the risk of taking a loan to gamble is also a stupid act, I believe the person who does this is a person who is already frustrated with the victory that never gets what he wants, maybe the victory occurs but it does not fulfill his wishes. It's true that you said games are games so we should spend money that is not so excessive and if we borrow money of course it is too excessive behavior, and for example even if we can afford to pay it but at least don't do things that are not really necessary.

Gambling on a loan is a very dangerous proposition since it is not certain and very uncertain. Bigger losses are normally caused by pressure and emotional decision which comes into play once money is borrowed. One should only gamble on money that he can afford to lose and not on money that is to be recouped. Loans should be utilized to productive activities and not playing games that can easily cause long term financial difficulties.

[tech30338]

That is a very risks not even in gambling you shouldn't be taking loans when you don't have any guarantees of getting returns because gambling don't have guarantees of getting profits is always unpredictable so is better you should keep your self in a peaceful place because if you take a loans and you didn't get what you need you have put your self in a big problem, accept you have another way of generating profits so that you can get a way to pay back but if you don't have anything you will definitely face big issues that can make you lose your self. So is good to take loans for business that you get believe off, but gambling don't have sure wining is just 50/50 you can lose and can still win because is q lucky game no guarantees of wining.

Yes, we have already said that taking basic loans is a very risky thing, because then you have to have the possibility to pay it back, but taking it, especially for a game, is even more stupid, in my opinion. I'm sorry to be so aggressive about it, but the game is the game, you have to put in what you can spend.

Aside from the risk of taking a loan to gamble is also a stupid act, I believe the person who does this is a person who is already frustrated with the victory that never gets what he wants, maybe the victory occurs but it does not fulfill his wishes. It's true that you said games are games so we should spend money that is not so excessive and if we borrow money of course it is too excessive behavior, and for example even if we can afford to pay it but at least don't do things that are not really necessary.

Gambling on a loan is a very dangerous proposition since it is not certain and very uncertain. Bigger losses are normally caused by pressure and emotional decision which comes into play once money is borrowed. One should only gamble on money that he can afford to lose and not on money that is to be recouped. Loans should be utilized to productive activities and not playing games that can easily cause long term financial difficulties.

I would not recommend or do loan money use in gambling, that is already an addiction instead of using loan money in gambling use it in a useful things or spend it on important things that has a purpose, it will ruin your life if you would loan and gamble, it will accumulate so fast you have never imagine it will drag you down, if you can't stop gambling use money that is left and try to lower spending on gambling until you can totally walk away from it, but dont use loan on gambling.

[xenomorfo]

Some of those gamblers that likes taking such risk are still the ones that will almost want to end their life when the outcome of the bet goes South. They take risk without considering the situation that will befall them if the game is not successful, they won't think about the second alternative of repaying the loan if the game goes bad, and they put all their hope of repaying the loan with the winning that they are expecting and if it's not successful, they are cooked. I usually advise people against taking such risk.

The point is that these people have not understood that ultimately it is a game and not a way to make money. Therefore, the important thing is to understand that life is only one and should not be wasted and that above all it is enough to put in the money that you can afford to lose.

[Africolo]

I know a lot of post has been made in this gambling board and I don't know if such has been created, but what I want to say is a situation that happened to a close friend

My friend is a gambler, a serious one for that matter. Some days ago he asked me to borrow him money to gamble and I told him not to borrow money to gamble but gamble with what he can afford to lose but he refused. Instead he went ahead to borrow from another person to pay back with interest, gues what?
He loss the game and now he is owing Capital and interest together that will surely be paid now he keeps blaming me that If I had given the loan to him, that he would have just owe me the capital without interest.

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

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

Taking loans to gamble is one of the fastest way to been bankrupt and broke when it comes to gambling, so no one should be in a position of getting a loan before he/she can gamble. And for clarity no game is worth getting a loan for, we all know that gambling doesn't favour people easily and you can play up to 15 times and still be  on a loosing streak without winning so having that knowledge in gambling why would any reasonable person even think of getting a loan to gamble? One can actually solicit for funds but not taking loans, it's very risky.

There are uncertainties surrounding gambling and there's no assurance to it that if you borrow money from a loan app or even a friend you will win and be able to pay back, gambling should be a game of fun and entertainment even though I understand that people depend on gambling to survive but they should not take that risk of getting loans to bet because the chances of winning is very slim and it depends on luck.

[kawetsriyanto]

Borrowing money to gamble is among the most evident indicators of irresponsible gambling, and the case you described justifies the point. Gambling allows one to put pressure, stress, and desperation and nearly all the time results in poor choices and larger losses as one gambles with borrowed money.

You're right. Once we decide to take a loan and use the money for gambling, we ignore the big risk behind the loan money. This is a kind of irresponsible gambling because it is a careless way and it possibly leads to a complicated problem. Responsible gamblers will never try doing this because they are aware that it only risks anything. Just imagine that we get losses and lose all the loan money, but we no longer have any money! How we can repay the loan money? In this situation, people can do any bad things, including crime acts.

This is some tips to keep gambling responsibly: https://www.nevadacouncil.org/blog/responsible-gaming/

It does not matter whether the loan was loaned by a bank, loan application or friend, the result is normally the same-debt without a guaranteed payback. In most nations, banks and online loan applications do permit lengthy payments with interest, and hence the narrative is plausible. This simply aggravates it, as interest may keep the gambler in years.

Yep, all kinds of borrowing money are the same. They aren't good idea to apply in gambling. We know there is no guarantee to win in gambling, we may be trapped in the loan money if we get losses and lose the loan money. That's why it isn't recommended to gamble with the loan money. We must always ensure that we only gamble with the money that we afford to lose.

[Mr_Brilliant$]

That is a very risks not even in gambling you shouldn't be taking loans when you don't have any guarantees of getting returns because gambling don't have guarantees of getting profits is always unpredictable so is better you should keep your self in a peaceful place because if you take a loans and you didn't get what you need you have put your self in a big problem, accept you have another way of generating profits so that you can get a way to pay back but if you don't have anything you will definitely face big issues that can make you lose your self. So is good to take loans for business that you get believe off, but gambling don't have sure wining is just 50/50 you can lose and can still win because is q lucky game no guarantees of wining.

Yes, we have already said that taking basic loans is a very risky thing, because then you have to have the possibility to pay it back, but taking it, especially for a game, is even more stupid, in my opinion. I'm sorry to be so aggressive about it, but the game is the game, you have to put in what you can spend.

Aside from the risk of taking a loan to gamble is also a stupid act, I believe the person who does this is a person who is already frustrated with the victory that never gets what he wants, maybe the victory occurs but it does not fulfill his wishes. It's true that you said games are games so we should spend money that is not so excessive and if we borrow money of course it is too excessive behavior, and for example even if we can afford to pay it but at least don't do things that are not really necessary.

Gambling on a loan is a very dangerous proposition since it is not certain and very uncertain. Bigger losses are normally caused by pressure and emotional decision which comes into play once money is borrowed. One should only gamble on money that he can afford to lose and not on money that is to be recouped. Loans should be utilized to productive activities and not playing games that can easily cause long term financial difficulties.

Using loan to gambling will definitely and automatically cause a very very long term financial difficulties.. I don’t even know why on earth would someone even think of wanting to borrow money in other to just gambling, that is so lame to me TBH. Knowing fully well that gambling is a game of uncertainty and something they cannot control in anyway..
I not gonna lie, it is very dangerous and nobody should thing of doing that, money can only be loan for a productive thing and things that can be controlled to some extent, like business etc..

[TopTort777]

You're right. Once we decide to take a loan and use the money for gambling, we ignore the big risk behind the loan money. This is a kind of irresponsible gambling because it is a careless way and it possibly leads to a complicated problem. Responsible gamblers will never try doing this because they are aware that it only risks anything. Just imagine that we get losses and lose all the loan money, but we no longer have any money! How we can repay the loan money? In this situation, people can do any bad things, including crime acts.

What if I imagine how I win with loan money, repay debt, get my original deposit back and end gambling with profit? There are so many pessimists in this topic People talk as if gambling is an activity when people lose. Anyway, that does not mean that people should take loans and gamble I am even against taking any loan. People must rely only on funds they have (mortgage is the only exception). Dont have money but want to take a loan to buy = you dont need that item.

[arwin100]

You're right. Once we decide to take a loan and use the money for gambling, we ignore the big risk behind the loan money. This is a kind of irresponsible gambling because it is a careless way and it possibly leads to a complicated problem. Responsible gamblers will never try doing this because they are aware that it only risks anything. Just imagine that we get losses and lose all the loan money, but we no longer have any money! How we can repay the loan money? In this situation, people can do any bad things, including crime acts.

What if I imagine how I win with loan money, repay debt, get my original deposit back and end gambling with profit? There are so many pessimists in this topic People talk as if gambling is an activity when people lose. Anyway, that does not mean that people should take loans and gamble I am even against taking any loan. People must rely only on funds they have (mortgage is the only exception). Dont have money but want to take a loan to buy = you dont need that item.

That's usual thing come up on the mind of those people thinking about that they can repay eventually after they win on the casino. But realistically speaking this is not usually happening since majority all people decide to do this end up losing, because this will give them another stress or something to worry about and they cannot focus on what they are doing. Since what this people might think all the time is they might eventually the money they borrowed and pay more bigger amount due to the interest of that loan.

I agree on what you have said., they should gamble only the amount in their possession and make sure that the money they use is just extra funds to avoid experiencing more bigger problems.

[bakasabo]

I think that when people talk about loan to gamble they are too general. What about situation when people play against each other. I am talking about unprofessional game of poker when you play against each other. If one person runs out of money and borrows money for rebuy. That person imo have good chances to of winning. I mean game of poker, when you play it among friend or people you know.

[Misbah2002]

I know some gamblers may have the ability of taking risk to the extreme, but on this kind of situation, it's not safe or advisable to take loan for the purpose of gambling, even in some business conditions, we discourage for taking loan, and so therefore, we should not also take it as something good to do by taking loan to gamble, we might put ourself into serious debt we may not afford to pay back.

There are people who lost businesses over gambling. Literally making millions wasn't enough for them, they took their millions of dollars they make from their businesses and lost it all on gambling, and they couldn't stop and used all their asses and investments, and gambled with those, and eventually they even lost their business and bankrupted because they used all the revenue on gambling and couldn't cover the costs. So it's clear that the world needs some sort of balancing act on this, some regulation, but not sure what kind.

[Fivestar4everMVP]

I think that when people talk about loan to gamble they are too general. What about situation when people play against each other. I am talking about unprofessional game of poker when you play against each other. If one person runs out of money and borrows money for rebuy. That person imo have good chances to of winning. I mean game of poker, when you play it among friend or people you know.

Well, from my personal understanding, borrowing money to gamble does not always end in loss, but then, here, we may make it look like it's such a bad thing to borrow to gamble and of course it's a very bad practice that should never be encouraged, but there are those, very rare number of persons who through some unknown reasons (luck we may want to call it) succeeded in gambling through this means, while there are thousands of other people as well who have through this same means meet their untimely end.

The question becomes, is borrowing to gamble worth the risk? Doesn't matter what type of game the gambler is playing, can be poker, can be whatever, gambling is gambling, and the truth is that "borrowing to gamble isn't worth the risk", you borrow, you Gamble and win, doesn't mean what you are doing or did is right.

[Agbe]

]
Well, from my personal understanding, borrowing money to gamble does not always end in loss, but then, here, we may make it look like it's such a bad thing to borrow to gamble and of course it's a very bad practice that should never be encouraged, but there are those, very rare number of persons who through some unknown reasons (luck we may want to call it) succeeded in gambling through this means, while there are thousands of other people as well who have through this same means meet their untimely end.

Do you know why? The percentage of losing is 99%. You can see what happened yesterday to the Nigerian Musician, Davido. Though he didn't borrow the money but the loss was huge. Assuming he borrowed the money, what do you think would have to him? He loss $50,000 in one Match. And if a gambler borrowed money to gamble and win the game. He would be likened to borrow again and again and that is where he will ruin his life.

[Fivestar4everMVP]

]
Well, from my personal understanding, borrowing money to gamble does not always end in loss, but then, here, we may make it look like it's such a bad thing to borrow to gamble and of course it's a very bad practice that should never be encouraged, but there are those, very rare number of persons who through some unknown reasons (luck we may want to call it) succeeded in gambling through this means, while there are thousands of other people as well who have through this same means meet their untimely end.

Do you know why? The percentage of losing is 99%. You can see what happened yesterday to the Nigerian Musician, Davido. Though he didn't borrow the money but the loss was huge. Assuming he borrowed the money, what do you think would have to him? He loss $50,000 in one Match. And if a gambler borrowed money to gamble and win the game. He would be likened to borrow again and again and that is where he will ruin his life.

Yeah, you are right, absolutely right and no argument at all, I completely agree that there is 99 percent chances of losing money borrowed to gamble, infact, if I am to be sincere with you, I did say that 99 percent isn't even realistic enough, I would say 99.99 percent, but in the end, even that 0.001 percent can still make a big difference when supernatural luck gets involve in the equation.

Like I said before, I am not through this trying to encourage anybody to ever go borrowing to gamble, myself will never try such, but I am just trying to make sure we have a balanced discussion and not a one sided one..
What ever we consider high risk and advice against, rest assured somebody someone where have tried it and succeeded - so long as it's gambling we are talking about.

[Jody.Drummer]

Aside from the risk of taking a loan to gamble is also a stupid act, I believe the person who does this is a person who is already frustrated with the victory that never gets what he wants, maybe the victory occurs but it does not fulfill his wishes. It's true that you said games are games so we should spend money that is not so excessive and if we borrow money of course it is too excessive behavior, and for example even if we can afford to pay it but at least don't do things that are not really necessary.

Gambling on a loan is a very dangerous proposition since it is not certain and very uncertain. Bigger losses are normally caused by pressure and emotional decision which comes into play once money is borrowed. One should only gamble on money that he can afford to lose and not on money that is to be recouped. Loans should be utilized to productive activities and not playing games that can easily cause long term financial difficulties.

It does make more sense to take out a loan for something productive like medical expenses for example. Taking out a loan for gambling doesn't make sense at all, because I say it's a behavior that is too excessive like desperately pursuing an uncertain thing because the victory is uncertain, so we shouldn't do it too much or pursue it desperately. And once you have the feeling that you can win or the previous gamble is close to winning but it's not advisable to take out a loan when you've run out of money, you should be able to have limits so that nothing bad happens because of excessive behavior.

[rojan]

Aside from the risk of taking a loan to gamble is also a stupid act, I believe the person who does this is a person who is already frustrated with the victory that never gets what he wants, maybe the victory occurs but it does not fulfill his wishes. It's true that you said games are games so we should spend money that is not so excessive and if we borrow money of course it is too excessive behavior, and for example even if we can afford to pay it but at least don't do things that are not really necessary.

Gambling on a loan is a very dangerous proposition since it is not certain and very uncertain. Bigger losses are normally caused by pressure and emotional decision which comes into play once money is borrowed. One should only gamble on money that he can afford to lose and not on money that is to be recouped. Loans should be utilized to productive activities and not playing games that can easily cause long term financial difficulties.

It does make more sense to take out a loan for something productive like medical expenses for example. Taking out a loan for gambling doesn't make sense at all, because I say it's a behavior that is too excessive like desperately pursuing an uncertain thing because the victory is uncertain, so we shouldn't do it too much or pursue it desperately. And once you have the feeling that you can win or the previous gamble is close to winning but it's not advisable to take out a loan when you've run out of money, you should be able to have limits so that nothing bad happens because of excessive behavior.

I fully concur with this opinion. Borrowing money to gamble is so dangerous and most of the time these gamblers are frustrated or desperate and not thinking. Gambling is unpredictable and money borrowed puts one under stress and makes people make emotional judgments resulting in greater losses. Productive or necessary purposes should be entertained and not the pursuit of some uncertain wins through loans. A responsible gambler should have specific boundaries and should be able to gamble only with money which he/she can easily afford to lose.

[cozytrade]

That is a very risks not even in gambling you shouldn't be taking loans when you don't have any guarantees of getting returns because gambling don't have guarantees of getting profits is always unpredictable so is better you should keep your self in a peaceful place because if you take a loans and you didn't get what you need you have put your self in a big problem, accept you have another way of generating profits so that you can get a way to pay back but if you don't have anything you will definitely face big issues that can make you lose your self. So is good to take loans for business that you get believe off, but gambling don't have sure wining is just 50/50 you can lose and can still win because is q lucky game no guarantees of wining.

Yes, we have already said that taking basic loans is a very risky thing, because then you have to have the possibility to pay it back, but taking it, especially for a game, is even more stupid, in my opinion. I'm sorry to be so aggressive about it, but the game is the game, you have to put in what you can spend.

Aside from the risk of taking a loan to gamble is also a stupid act, I believe the person who does this is a person who is already frustrated with the victory that never gets what he wants, maybe the victory occurs but it does not fulfill his wishes. It's true that you said games are games so we should spend money that is not so excessive and if we borrow money of course it is too excessive behavior, and for example even if we can afford to pay it but at least don't do things that are not really necessary.

Gambling on a loan is a very dangerous proposition since it is not certain and very uncertain. Bigger losses are normally caused by pressure and emotional decision which comes into play once money is borrowed. One should only gamble on money that he can afford to lose and not on money that is to be recouped. Loans should be utilized to productive activities and not playing games that can easily cause long term financial difficulties.

Using loan to gambling will definitely and automatically cause a very very long term financial difficulties.. I don’t even know why on earth would someone even think of wanting to borrow money in other to just gambling, that is so lame to me TBH. Knowing fully well that gambling is a game of uncertainty and something they cannot control in anyway..
I not gonna lie, it is very dangerous and nobody should thing of doing that, money can only be loan for a productive thing and things that can be controlled to some extent, like business etc..

I absolutely concur with the arguments stated in this context. Borrowing money to gamble is just another burden to an uncertain and luck-based activity. When money that is being loaned is involved, emotions come in and judgments become irrational and in most cases lead to greater losses. One should use disposable income to gamble not money to be paid back. Productive activities are preferred to games that are not guaranteed to make any form of returns. It usually leads to debts on long run basis, stress and poor personal relationships to overall stability.

[Ibeology]

To me l will not advise anybody to obtaining a loan for gambling because the chance of winning is under probability it possible for you win a bet, but is not certain that that you most win a bet, that's why I dislike the idea of talking a loan to bet.
This makes me to know that nobody go to gamble with the mindset of losing a bet also nobody also no that this game will not play and the person Will continue with it, so to take a loan because of gambling is not in my dictionary.

[fruktik]

unfortunately not everyone knows when to take a break when it comes to gambling, a lot of gamblers that are out of control usually take loans because they can't stop gambling even at their lowest. funny enough they know that if they lose the bet they might end up being im debt but they still go ahead to take the risk because they find it difficult to control their impulses and constant drive to keep gambling

It's not just spontaneous impulses that are to blame, but also an overwhelming desire to win back the money. I faced a similar problem myself. I took out a bank loan and blew it all at the casino. Just imagine my situation when I was left completely penniless and jobless. I was constantly harassed by debt collectors and threatened with violence. I lived in fear and anxiety not only for myself but also for my family. No, that's definitely not how you should act.