After losing the money in gambling,what is your strategy - page 14.

Su-asa

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Quote from: SmartGold01 on April 16, 2024, 11:55:56 AM

Gambling doesn't work that way he wanna follow it up back, this is more like a revenge gambling because he has already made a mistake at the first time with his money, and gain he went ahead taking a loan of $2k in order to regain back what he has lost while gambling. Now, come to think of this; have you ever believe that losing money in gambling is real Then why did he go ahead to borrow money to correct his mistakes?
This is not possible to recover back his lost and I must say he's not following the whole case in a rightful way rather I will suggest him to distance the gambling site for like 1 week to months let the trauma erase a bit from his heart so that, he won't gamble under pressure of trying to recover back what he has lost so far from gambling.

This particular type of action is actually termed a Vail because it's always clouds the judgement and actions of the gambler so he doesn't actually know what to do, not everyone understands that gambling doesn't work this way and that's they have so many addicted and crazy gamblers because they always go in with the wrong mentality on gambling. I have also seen someone even selling all his properties just so he could recover that he lost but he still end up losing those too.

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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$.

It's not smart to chase losses in gambling, it's even crazier to do that with loaned money. So many things are wrong here, most of the experienced gamblers from the forum talk about responsible gambling often, and it was repeated many times what things not to do. Don't gamble with money we can't afford to lose, don't chase losses, never lend money to gamble, don't gamble just for profit, try to play with a cool head...

After losing money in gambling we have two options, to deposit more and continue playing or taking a break. Taking a break is a lot better option, but if some people have more money to spare trying again shouldn't be a problem. But the point is "have more money to spare", if someone risks money he can afford to lose, or even worse borrow money to try again, it would open a Pandora's box.

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Quote from: Stepstowealth on April 16, 2024, 11:44:42 AM

Quote from: Alphakilo on April 16, 2024, 09:10:42 AM

Quote from: Sanitough on April 16, 2024, 08:06:26 AM

Loan money? for real? Nope, this will only make the problem worst, once you borrow money to gamble just to win back your losses, the pressure will be too high that you cannot focus anymore.

Apart from the fact that loaning money to gamble is such a terrible idea because a win or a loss is not in the gambler's power, another disadvantage of this is the emotional aspect. It is emotionally draining because there is the burden of debt that you as the gambler would have to face and it comes with stress, anxiety, and guilt. Your mental health will be wrecked. How it affects your family and friends is that the trust that you have built will be destroyed. For the op's friend who is a gambler and is married, his spouse may feel betrayed and deeply hurt by his actions which will cause a strain in their relationship that may be not be fixed for years to come.

The story isn't even that clear, because we don't know how good the friend is at gambling, how long he has been gambling and if he has been or is always lucky most of the time during gambling. If these questions can be answered then probably the friend has a winning formula that can help him recover from his loss.
He seems quite confident enough to want to use loan to gamble again despite his financial situation. Let him go with his mind or should I say flow and let's see what happens, because experience sometimes is the best teacher and perhaps this friend of yours hasn't been paying attention for long.

I have never been a friend of making loans for anything that has to do with gambling, for me a person should never lend money to go to a casino because casinos are usually places where you can lose money very easily, and That is something we must avoid, therefore when we are playing we must assume everything we must do, if we lose it is Better to leave it like that, we do not have to think too much, every time we play we must go with our mind very clear, not do something that we are going to regret later, because after we lose and want to recover, we should not give up so much money because that is a certain loss, so it is better to accept everything, and if we win we have to withdraw, if it is left like this it is likely that the deaths go wrong, and losing money is the only worst thing you can do, or insist because you can fall into addiction.

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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.

He just wants to get himself twisted the more because the steps and approach he wants to take is just going to land him where he is not gonna like and that's the place of losing more till everything turns out to be probably unsolvable. What he should rather do is to take the hard way out which is to pay the funds back progressively through other work if he has one because wanting to win it back is mostly saying lose more money into it.

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Your freind is making a very huge mistake of hambling with money he collected as a loan. Loan money should be use for businesses or potential investment not for risking it in an uncertain gambling platform. This mentality of making quick money by doubling it through gambling has kept so many persons in bad conditions that they cant get free from. If its so easy to double huge money everyone would have been doing that but it doesn't work that way. Yes, sometimes we are pushed to take risk with our money but it shouldn't be money we borrowed which is my main concern. Also risk should be taken based on our financial level and not how we feel at the moment, if not we would end up in a critical situation.

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

What is your opinion on this, I suggested he go to a regular job to reduce the loan step by step to reduce the loan burden. But he had words of “We can earn, Where we had loss everything “.Share your opinion on this.

Well from your story and a few more stories from this site, I just learned that a gambler who have lost some funds are more attracted to gambling when they lose. They want a quick response through which they can get their whole recovery in a single bet. In your story, I would give the same advice if I were in place of you. I know it's very hard to accept your losses and continue your journey without any thoughts of the loss fund but a few gamblers can do this and we usually call them successful gamblers. If he wants to protect himself from more loss then he needs to do the planned job and recover the loss with the help of it and I think this will be a very understandable and clever move to recover your loss.

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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.

Gambling with money you can't afford to lose is bad. Chasing those losses with more money you can't afford to lose is horrible. Chasing those losses with money received as a loan is absolutely stupid. This is why people need to view casinos like arcades. That is what they are. Expensive arcades. Sure, maybe winning money adds some excitement, but you are paying for entertainment, not working to earn money. It is possible that gambling away the loan will result in the rest of your friend's life becoming much harder. A lower credit score alone may cost him tens or hundreds of thousands of dollars in his lifetime through higher rates if he wants to buy a home or get a credit card.

Don't chase losses. Chase fun and don't be scared to spend money to have it.

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I don't know why some people like making their matters worse, if there's a way someone would come and help them, the person won't because the person in question has done their worst to themselves which will be easy to solve.

Is like your friend like learning life lessons the hard way. He gambles with $2000 and loses it, which makes him and his family suffer financially. Like that wasn't enough, he wants to use loan money to balance the previous loss money of $2000k, which he has no way to pay back the loan money than to start gambling again with the loan money he will lose also to gambling. And that will have him frustrated all the days of his life, thinking how to pay back the loan, to be loan-free, and to be able to take care of his family. Once he can't have that done, what he will be thinking of is how to commit suicide to avoid the shame

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Quote from: Sunderland on April 16, 2024, 07:26:53 AM

The solutions or advices that you give to your friend will likely be ignored after he gets the loan.
I dont think anyone can stop him to gamble again with that money.

Someone that's on that state is unstoppable. He's pursuing to recover the losses that he's got and his motivation isn't just his losses but also his family but this is a very wrong way on how you make your family feel better. With gamblers that are currently experiencing losses, it's hard to take that at the moment when it's still fresh and when you've lost a lot. But what's worrying is if you're persisting to continue and you even took a loan for it, you'll just likely going to add more damage to yourself.

Quote from: Sunderland on April 16, 2024, 07:26:53 AM

But the important thing is that you have told him, and hopefully he can win with that money.
If he loses again, then he will realize that what you said is true and it will be a very hard lesson for him which is sometimes necessary in such conditions.

There are times that one has to learn the hard way to recognize that the situation won't be favoring us at all times. Even if you have that fighting spirit and you think that it's going to be your lucky, you'll get hints that it may not be.

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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.

Having lost so much money gambling that he can't even pay the rent on his house, now he wants to take out another loan in order to recover his previous losses, so this foolish act is because he has become an addict, so he forgot how to stop gambling.

Actually, your advice is good, it's just that your friend himself is still too stunned at this gambling will be difficult to give advice or be advised, surely he has an excuse where he will regain his previous losses, this is ridiculous.

Ah people like this are still many, an addict will do anything including loans here and there, rest assured when getting a loan and then playing the casino again the debt will accumulate further and then will be lazy to work.

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Quote from: SamReomo on April 16, 2024, 12:08:00 PM

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

Share your opinion on this.

He should follow your advice instead of doing that, gambling isn't a way to earn money or recover the loses. That guy will end up losing the money that he took as loan and then he will have more financial issues in his life. I suggest you to tell him to stop gambling as he's getting addicted to it, and instead do something else to recover the money that he has lost in gambling.

Such a person will begin to realize when his life begins to crumble and he loses everything because of his stupidity. And his friend had done good and tried hard to advise him but he still did it and even took a loan just to cover his losses, and if I were in his friend's position I would ignore him because he had tried to advise him and he also ignored him.
And what is clear is that it is an addiction that must be treated immediately, but if the person ignores it, why keep trying without caring about it. And most addicts will realize it themselves when their life is ruined, but it will be too late. And borrowing money to gamble is a big mistake because if you have done it once you will continue to do it as long as you can still make money to gamble, so it is better not to do it at all under any circumstances or stop gambling.

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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.

I really want to believe that everything will be fine with your friend in the future, but I really doubt it. If a person starts using credit money, then this is a very bad sign. He most likely has a gambling problem. Among people who have problems with gambling, there are people who understand that they have a problem, and there are people who do not understand that they have a problem or simply do not admit it. Your friend is probably from the second category of people. When a person does not accept a problem but turns a blind eye to it, then, as a rule, nothing good will come of it.
It is also a very bad sign that he has a family and she suffers because of this. It happens that a person loses his money and then he himself suffers because of this, and sometimes, as in this case, the family also suffers. He needs to realize that he is responsible not only for himself but also for his family.
To summarize your message, I want to say that sooner or later your friend will face big problems in life if he does not change his attitude towards gambling and what he has now lost will seem like a drop in the ocean to him

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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.

You had already done your part on which you have told him about the right stuff in regarding about having a break or would completely stop on what he's doing specially on dealing up with gambling.
He had lost up so much on which it comes into a point that his own family is really that been affected to it. This is why it would really be better that you should really be letting him be because
usually these kind of people would completely stop on the time that they would really be experiencing those conditions that even buying up their own food is already that hard.
People wont learn until they would really be at the bottom.

As a friend then it would really be understandable that we dont want for him to end up on this way on which it would really be a normal thing but there are really things in life that no matter how hard you
do show your concern and give out some advises but still it do end up on getting ignored or rejected on which time comes that we do get tired and simply walk away and seeing them
wrecking out their lives.

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Your friend needs help. One of the rules of gambling is never borrow to gamble. Imagine collecting loan to the ton of $2000 dollars, that's a lot money. It even gets worse because he's not working, so how's he going to pay up, through gambling? If he's hoping for luck to smile on him so that he could clear his loan, he might end up incurring more debt. Sadly, there's nothing anyone here can do for him. He needs to realize the hole he's digging for himself and be willing to come out of it.

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Quote from: SmartGold01 on April 16, 2024, 11:55:56 AM

Gambling doesn't work that way he wanna follow it up back, this is more like a revenge gambling because he has already made a mistake at the first time with his money, and gain he went ahead taking a loan of $2k in order to regain back what he has lost while gambling. Now, come to think of this; have you ever believe that losing money in gambling is real Then why did he go ahead to borrow money to correct his mistakes?
This is not possible to recover back his lost and I must say he's not following the whole case in a rightful way rather I will suggest him to distance the gambling site for like 1 week to months let the trauma erase a bit from his heart so that, he won't gamble under pressure of trying to recover back what he has lost so far from gambling.

His actually chasing back his loses, not just that alone making it even worst with a loaned money, like how the hell does he want to live in a kind of dark scenerio when he unfortunately lose everything, I think his wanting to indulge in such because probably he may not understand the implications sorrounding such actions. If he doesn't adhere to your advices, it's best to let him act on his own will and face the repercussions, be it positive outcome or regretfully, In his case experience should serve as the best teacher.

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

Share your opinion on this.

He should follow your advice instead of doing that, gambling isn't a way to earn money or recover the loses. That guy will end up losing the money that he took as loan and then he will have more financial issues in his life. I suggest you to tell him to stop gambling as he's getting addicted to it, and instead do something else to recover the money that he has lost in gambling.

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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.

If he doesn't listen to your advice, then that's his problem for having high expectations in gambling. I'm more worried about his family getting caught up with the money he borrowed because you mentioned that he doesn't have a job, and relying on gambling to recover most of his losses is always a bad plan. I hope his losses will eventually teach him a lesson. If he doesn't want to listen to anyone maybe his bets would make him accept the reality and change his mindset before it's too late.

SmartGold01

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Gambling doesn't work that way he wanna follow it up back, this is more like a revenge gambling because he has already made a mistake at the first time with his money, and gain he went ahead taking a loan of $2k in order to regain back what he has lost while gambling. Now, come to think of this; have you ever believe that losing money in gambling is real Then why did he go ahead to borrow money to correct his mistakes?
This is not possible to recover back his lost and I must say he's not following the whole case in a rightful way rather I will suggest him to distance the gambling site for like 1 week to months let the trauma erase a bit from his heart so that, he won't gamble under pressure of trying to recover back what he has lost so far from gambling.

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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 dude has just dug his hole deeper than it was. He has failed to realize that one should at all times gamble with what they can afford to lose and currently, your friend has chosen to go against this warning with the hopes that he will be able to get back what he has lost to gambling ( which is still another error a gambler should not make which is chasing after loses).

Unless his luck is super high he's going to be in serious trouble because he's going to lose that money he borrows and if he's not ready to work to repay the loan he might end up with his properties being held by the loaning company.

Just keep advising him to look for a job to first pay off the loan, if not it's going to be too late before he realizes his mistakes and it might be too late for him to fix things by then.

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Quote from: Alphakilo on April 16, 2024, 09:10:42 AM

Quote from: Sanitough on April 16, 2024, 08:06:26 AM

Loan money? for real? Nope, this will only make the problem worst, once you borrow money to gamble just to win back your losses, the pressure will be too high that you cannot focus anymore.

Apart from the fact that loaning money to gamble is such a terrible idea because a win or a loss is not in the gambler's power, another disadvantage of this is the emotional aspect. It is emotionally draining because there is the burden of debt that you as the gambler would have to face and it comes with stress, anxiety, and guilt. Your mental health will be wrecked. How it affects your family and friends is that the trust that you have built will be destroyed. For the op's friend who is a gambler and is married, his spouse may feel betrayed and deeply hurt by his actions which will cause a strain in their relationship that may be not be fixed for years to come.

The story isn't even that clear, because we don't know how good the friend is at gambling, how long he has been gambling and if he has been or is always lucky most of the time during gambling. If these questions can be answered then probably the friend has a winning formula that can help him recover from his loss.
He seems quite confident enough to want to use loan to gamble again despite his financial situation. Let him go with his mind or should I say flow and let's see what happens, because experience sometimes is the best teacher and perhaps this friend of yours hasn't been paying attention for long.

Topic: After losing the money in gambling,what is your strategy - page 14. (Read 2036 times)