After losing the money in gambling,what is your strategy - page 13.

AliMan

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

~snip~

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

If that's his response, there's nothing you can do about it since that piece of advice from you won't harm him. You're very concerned about that person, but he just neglected the brilliant idea of taking into regular job that will provide souce of income for living.
Gambling isn't an essential form of money making, proven by luck you'll be able to earn profits but in most cases losses will make a person fail and fail until such time you'll be drowning to debts that's hard to recover.

TopTort777

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What kind of strategies a person that has just lost money have? The wrong one would be try to play back immediately. The less right would be to take pause, evaluate possibilities to return to gambling and make a decision to make another deposit. Most correct would be to finish gambling for that day or week. But if I would lose money (and a lot, as OP mentioned that) in gambling, my first thoughts would be where I could earn money now to close that minus in my budget Cheesy

hyudien

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Quote from: 0t3p0t on April 16, 2024, 03:31:44 PM

Whether it is good or bad following the algorithm it is always not advisable to do gambling with loan money as it wll only worsen his current situation. We all know that getting loan money to recover his loss is not what you think might work. But you can do nothing if your friend still insist to do so.

It's not recommended because obviously it will only worsen the situation and the situation. Gambling using borrowed money is the same as we bring ourselves to misery, instead of gambling with borrowed money can turn things around as expected but the facts about gambling cannot be changed, such as the large chance of losing compared to the small chance of winning. It is unlikely that we can prevent our friends from doing that because of course what will win is the ego that only wants to gamble to get a win.
In addition, when friends or other people have the courage to take actions like this I think they are heavily addicted, so they cannot help themselves from their addiction, even though they are already at a point that can be said to be bankrupt or miserable but because of their addiction they dare to do things at great risk such as borrowing money to return to gambling. Instead of being able to turn things around, it only makes things worse.

wxa7115

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

The gambling is the game with both the possibility,but most of us fail to understand the possibility of losing in the gambling.So if the gambler get into the gambling,in the behalf he had agreed to lose the capital on their bad luck.Some new gamblers most feel this way of thinking after the loss in the gambling,but the experienced gamblers will ready to move on,because they know with their knowledge he can make the big money in some day.One if my friends had loss nearly 2000$ in the gambling,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

Your friend is playing with fire, he lost enough money to compromise the happiness and comfort of his own family, and now he is gambling with money he asked as a loan, if he is not a gambler with deep issues then I do not know who qualifies for that description.

At this point whatever scenario that happens is bad for your friend, because even if he wins and earns his money back, this will simply mean that the next time this happens he will be too eager to do this again and gamble with money that is not even his, and at that time I doubt he will be that lucky to get a win.

cryptomaniac_xxx

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Quote from: SatoPrincess on April 16, 2024, 05:40:43 PM

Quote from: Westinhome on April 16, 2024, 05:59:32 AM

But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

That’s a beautiful quote but it doesn’t apply to gambling. I don’t think your friend has a gambling addiction, the word “addiction” has been used loosely in many cases. People blame their lack of responsibility on addiction like it’s a disease that can happen to anyone. What do you call someone who refuses to work and chooses to gamble for a living? Irresponsible. It’s a pity his family is suffering for his stupid actions.

And that is just another excuse for this guy to continue with his bad gambling habits. It's really addiction as he keep on chasing his losses and for sure, he can't sleep at night not thinking of gambling and then wanting to comeback the next day.

And even if he doesn't have money, he will find ways to borrow from someone and make up stories, this and that, blah blah and make it believable so that he will gain the trust of that person. But unfortunately, gambling addicts are pathological liar so they will do everything in their power to produce money and continue with their addiction.

acroman08

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

the guy is a moron, the wife especially the kids needs to prepare for the worse, to be honest seperating from that guy would probably the best option they have, because there is a chance that an addicted person get violent to the people close to them(I am talking about domestic violence). the dude is completely addicted and needs a HARSH reality check.

when you said that you suggested to him "to go to the regular job", are you saying that he doesn't have a stable job and is relying on gambling to earn money?

danherbias07

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He may be addicted due to chasing his losses. What you are suggesting to him is the right thing to do. The only problem here is how can you make him stop but you don't have to force it. You've done your job as a concerned friend by warning him that it could go out of hand. Now, it is up to him if he would listen to you or not. If not, I don't think that is your problem anymore but if you are really close to each other then you might want to tell this to his family members so that they will be the ones to make the next move to straighten things out.

There are times when whatever we say to our friends won't sink into their brains because we are "just" friends. They might listen to other people so you can do that or just leave him be after giving him the warning.

SatoPrincess

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

That’s a beautiful quote but it doesn’t apply to gambling. I don’t think your friend has a gambling addiction, the word “addiction” has been used loosely in many cases. People blame their lack of responsibility on addiction like it’s a disease that can happen to anyone. What do you call someone who refuses to work and chooses to gamble for a living? Irresponsible. It’s a pity his family is suffering for his stupid actions.

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Quote from: angrybirdy on April 16, 2024, 03:13:52 PM

Quote from: Agbe on April 16, 2024, 02:20:47 PM

Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

Exactly! OP's friend shows being an irresponsible gambler because he used loan money just to get back all the money that he have loss in gambling which is not advisable because we all know what will going to happen if we do that kind of strategy, You will become addicted and being in a huge debt. No matter how many advise we give to them, OP's friend will never listen because seems like he is decided on the things that he will going to do.

This can be a risky attempt for us as gamblers if we try to copy this kind of pattern of getting loan and using it to gamble so we can earn from our bets. It could look like an investment but it is not because we need to make sure we take risk that is affordable for us not something that is going to make us to end up losing big from our endeavors. There might be gambling that might have taken loan to play bets and win but which can be seen as a big luck rather to be seen as an endeavor by the person to be able to have a positive bets after borrowing funds to bet. Let's keep taking lesser risks that we can afford not something that is going to ruin us entirely.

Miles2006

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

Why will anyone want to earn using gambling and think of different kinds of strategy. Taking a loan to bet is not necessary and the worst part about your friend is he/she came up with a different mindset of earning. Your friend in question never sat down to reason why he/she can't resist the urge to gamble, honestly speaking addiction is just too overbearing cause the rate we see and hear about people selling their properties, owing debt is strange. I don't think your friend will want to quit gambling sooner or later, preaching against gambling can't really help, I have seen people with different kinds of aim and your aim determines your action so if such person want to earn from gambling then the person might likely turn to an addict. An addict will Always have the mindset of playing over and over despite their budget, this is the actually reason most people will think wealthy gamblers earn more compared to others cause they're always self disciplined. The moment your friend exhibit the habit of self disciplined when gambling he/she will learn to control the act

Forsyth Jones

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Unfortunately, the feeling of loss brings a desire for revenge, wanting to risk more to gain at least as much as you lost. That's when things go off the rails. This is very common in risky asset trades and leveraged operations in crypto.

Unfortunately, saying that your friend is wrong has little chance of making him change his mind, try suggesting other less risky ways of making money and that he should stop taking out loans to gamble, as emotionally shaken he loses the ability to think rationally and even in betting decisions.

From what I get it, your friend is unemployed, isn't? In this case it's even worse, help your friend find a job so he can resume gambling and pay off all his debts sooner.

Living with adrenaline can be really cool, but when it causes us to lose sleep and develop anxiety, is it really worth it to live dangerously, taking too many risks, especially with accumulated losses?

0t3p0t

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Whether it is good or bad following the algorithm it is always not advisable to do gambling with loan money as it wll only worsen his current situation. We all know that getting loan money to recover his loss is not what you think might work. But you can do nothing if your friend still insist to do so.

TravelMug

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Quote from: angrybirdy on April 16, 2024, 03:13:52 PM

Quote from: Agbe on April 16, 2024, 02:20:47 PM

Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

Exactly! OP's friend shows being an irresponsible gambler because he used loan money just to get back all the money that he have loss in gambling which is not advisable because we all know what will going to happen if we do that kind of strategy, You will become addicted and being in a huge debt. No matter how many advise we give to them, OP's friend will never listen because seems like he is decided on the things that he will going to do.

Yes, he might be really in deep as far as gambling goes and his decision are clouded. He is so addicted that no matter what the amount of money he will hold, he will continue to gamble it. This is not strategy, this is risking everything including himself and the future of his family. Of course, our first reaction and advise is that the OP should help his friend to stop gambling or take it slowly. But still, the number one person that can help him is his families, the OP should reach to them and do like a intervention in front of his family and the gambler sitting to explain what gambling can bring to their lives.

hedgeh0g

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Quote from: Agbe on April 16, 2024, 02:20:47 PM

Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

I like gambling and sometimes I like to test my luck, but even if I lose several bets in a row it won't be a big blow for me because I don't make huge bets. Since childhood, I have been taught to be responsible for my debts and therefore I will never lend money, especially for gambling, this is not justified. My conscience simply won’t allow me to do this, that’s all. I don’t know how others can afford to borrow money for this, is that really how they were raised? Do they really not even consider the possibility that they might lose them too, and then what will they do? Probably it's an inability to think one step ahead, or maybe it's just an addiction that makes them completely blind.

I want to say that if I lose, I will simply stop, I will not have a fierce desire to win back, I think that I have already outgrown this state when I wanted to win back. Probably the casino doesn’t really like people like me, lol.

Dr.Bitcoin_Strange

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

It's a red flag when a gambler starts to take a loan just to satisfy their gambling urge. Such habits are a sign that the person is an addicted gambler or is about to become one. Most people who take out loans just to gamble are not doing so to satisfy the urge to gamble but rather are doing it for the purpose of making a profit (a huge win) and will probably repay the loan after they have won their bet. Before going ahead with their decision, they don't realize that gambling is not a game of guarantee but rather a game that is 99.9% dependent on luck. I have heard different stories of people who took a loan to gamble and it didn't turn out as they planned, which caused them more problems than they ever expected.

@OP, Please tell him to get a real job and pay his outstanding loan from there. If he thinks he can repay his loan from gambling, it will be difficult, and he might still end up with a deep loss or lose the money that he would have at least used to pay some of the loan. Let him be aware that winning is not a guarantee.

angrybirdy

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Quote from: Agbe on April 16, 2024, 02:20:47 PM

Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

Exactly! OP's friend shows being an irresponsible gambler because he used loan money just to get back all the money that he have loss in gambling which is not advisable because we all know what will going to happen if we do that kind of strategy, You will become addicted and being in a huge debt. No matter how many advise we give to them, OP's friend will never listen because seems like he is decided on the things that he will going to do.

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.

Mere suggestions to quit gambling will not be taken seriously by a gambler who has not had the interest in trying to stop gambling themselves.

Quote from: Westinhome on April 16, 2024, 05:59:32 AM

But he had word of “We can earn,Where we had loss everything “.

Very common with anyone who is addicted to any other thing, not just gambling. There is the justification always for the continuance and refusal to take the hard decision of quitting.

Zoomic

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Quote from: Westinhome on April 16, 2024, 05:59:32 AM

The gambling is the game with both the possibility,but most of us fail to understand the possibility of losing in the gambling.So if the gambler get into the gambling,in the behalf he had agreed to lose the capital on their bad luck.Some new gamblers most feel this way of thinking after the loss in the gambling,but the experienced gamblers will ready to move on,because they know with their knowledge he can make the big money in some day.One if my friends had loss nearly 2000$ in the gambling,because of his loss even his family suffered a lot in financially.Even his family not able to afford to pay their rent for their house for the few months.

I had suggested my friend to quit gambling and I had feel that he totally get addicted to the gambling.Which was the cause for the many high risk to get into the complete loss.But he clarify me,he had loss the money because he had follow the same betting strategy with the changing algorithm of the gambling site.From his experience,I had learned we should not follow the same betting style for the changing algorithm.

Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.

Your friend doesn't feel pity for himself, 2000$ is not a small amount to lose in one day. A normal person would have a sense of remorse and make one decision that would change his life for good, I don't see your friend being that normal person that would take a decision on his own after that big loss. You have done your part by advicing him on the right things to do, do not stop reminding him to do better, maybe one day he would realise himself.

It is very risky to be a gambler and without a sustainable job too. A gambler without a job will channel his energy to gambling because he has seen lots of people walk out of the casino with lots of money they won. The hopes to win too will be high and this set of gamblers will do anything to win too. Gamblers should ensure they have something else fetching them money so they don't have to hope solely on gambling wins.

AnonBitCoiner

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Gambler will never realise his mistake and will always say that he can earn from gambling so in such tries he loses all his money even if he loses the money which he has taken from others as a loan. I will suggest that if he is going and he can do a job then he should do a job without begging in front of others to give him a loan to recover his lost amount.

It is not necessary that if you have lost money in one field then you will recover that money from that field but you can also change your earning way in order to minimise the risk and recover the lost sum easily without any stress. Your friend has lost a huge sum in gambling so it will be better for him to leave gambling and do a job to reduce his burden.

Agbe

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Anyone who borrow money to gamble is not a responsible gambler and he will definitely be an addicted gambler. And for the first place why must a gambler agreed to lose gambling because in gambling you have to try your luck with good or bad and you don't have to agree that you are going to lose. Tell your friend not to push his loss in gambling because he will end up chasing to become an addicted gambler. And he should be a responsible gambler with a well plan budget so that he can control his gambling habit and if not he will lose more. Though it is good to change strategy but he has to be a responsible gambler.

Topic: After losing the money in gambling,what is your strategy - page 13. (Read 2036 times)