Topic: Can you trust a gambler with your money/savings? - page 5. (Read 1434 times)

never mix friendship and business!
I think this is a proverb that with various declinations exists all over the world! Even in my region people says "Friends... and PAY ATTENTION!" You will never known what they are planning and we know that money creates just greed people

I think that generally speaking we can trust Gamblers. By the way it's obviously there are many types of "gamblers".
What he does for passion, what he does as a hobby, what he has so much money that just plays a few dollary is literally a drop in the ocean ... It is quite different when it comes to "problem gamblers" Japanese man gambled away a huge Covid-19 relief funds mistakenly sent to him then those who have an addiction and cannot control their addiction .

In my opinion, it's risky so you have to be carefully judge them before you hired them in that kind of position in a certain company. I mean, if that position allow him to hold the cash of your company then it's a no no, but if it is only like tallying the amount of money of your company via software, then it's good.


If someone done that to me, I wouldn't give them a second chance. Maybe they could try it to another company, because it's not worthy to trust them again if they can't separate their addiction on their work.

Perfectly said! I was swindled by my trusted friend (known him since high school) when he offered me to invest in his business.  I rejected the offer instead I lent him the needed money without any interest and told him that I will get it back after 2 years.  Two years came and I talk to him about getting my money back.  He promised to pay it in parts. Another 2 years passed, the money was not returned and I was put on ignore.  I lost around $8k interacting with this guy's business.
The point here is that it doesn't need for a person to be a compulsive gambler to rekt someone.  Anyone can steal and cheat us but I don't agree about judging people that they will do bad things because they are a gambler since we do not know what kind of people these gamblers are.

1) Yes. Unless you're talking about "problematic" gamblers (some one that has an issue about gambling!). I know it's really hard to know, but sometimes there are some signs (likewise no money saved or spending much more respect any win, playing compulsory, etc).

2) No. It's a serious health problem. if some one is not able to manage correctly money received, he doesn't reserve a second option is a true risk. Even if he recover from this problem I will thinking twice (maybe more) before handling a single satoshi!

He cannot even settle his finances and how much more the other people's money? for sure his gambling activities will lead up for a relationship or partnership to be broken because since he is a gambler he  might use the money to spend on his gambling activities.


Everyone deserve a second chance but make sure that he is so damn serious about forgetting about his gambling life, If he show positive response towards what people advice him towards his gambling activities and you see that he slowly getting up from messy situation then maybe its good to try again to trust him with financial things.

I will answer this based on my experiences. But if the gambler is a stranger then literally it is already a big no. I will never ever trust them with my money.

When it comes to money. I used to judge my gambling friends thru their personal past and present appearances, attitudes and as much as possible their financial situations. Assessing their financial situations is the best but it is also the most difficult because it is something personal and we may not be able to delve deeper. I can remember a friend prosing to our circle of friends about a business and that he will be the one to manage. I rejected it right away knowing he was struggling financially with unpaid debts to some of our friends and he is also a regular gambler. I got a lot gambling friends and relatives that haven't paid me up to now although in small amounts.

The biggest unpaid amount from a regular gambler to me was $600. He used to gamble around $1000 to $4000 daily. I trusted that friend and let him borrowed $2,000 few years ago because he seemed doing well financially. In few years time he acquired 3 more cars, regularly vacationing abroad and somehow his wife's family business was expanding. I was too late to know that he was personally bleeding financially with divorced coming up and some unpaid debts to some of our common friends too.

Lesson I learned? The things we see is not really enough to assess someone's financial situation especially on a heavy gambler.

 

Putting your money in the care of a problematic gambler is like putting your hands into the mouth of a crocodile and expecting it will not chop it off.
Like who does that?
I can't trust my investment in the hands of a gambler.
Though not all gamblers are irresponsible, but when it comes to addicted gamblers is very risky to place them in control of a financial position cause it's responsibility we are talking here, and responsibility amounts to accountability which can not be gotten from an addicted gambler as the instinct to gamble will always be there as far as money is at their disposal.

We still have gamblers that are trust worthy when it comes to handling other people finances but it is still risky because no matter how disciplined they might be this temptation of taking small fraction from what was given to them to keep for gambling will always arise and it takes extra discipline to kill those urges. Most times they might have suggestions like take a little if you win you replace it and when the lose they will want to play on to see if they can cover up for the loss until everything is lost.

All gamblers are not equal, we cannot judge all gamblers are bad and do not deserve to be given the opportunity to manage money.
I think it's just an addicted gambler, which we absolutely shouldn't give any chance to manage money. I agree with you, a person who
can be responsible for himself, can always control himself when gambling. To be honest, I have a friend who always gambles whenever
he has free time, but his finances remained stable and did not lack money to meet daily needs. This means that my friend is a responsible
gambler, he can limit the money to gamble. Usually based on the results of my research, most responsible gamblers always know when it is
time to stop gambling and are not obsessed with winning. So responsible gamblers deserve to be given the opportunity to control other
people's money.

In one sence, gambling is a form of addiction. Many gamblers I see can't control themselves. Especially they can't handle greed. They became desperate to manage gambling money. So it is not at all safe to keep them in a place directly related to money.

My family is like that, I give all my money to my wife and she is taking care of the finance in the house, savings, bills, and all that... after all she is a bachelor of economics, why would I bother with those things when I am sure she can do it better and she is definitely more responsible! I don't think there should be captains in marriage, it's a boat with two people (later with additional passengers) and so many things needs to be done, so if you wish your marriage to last it's a thing of compromise and logical thinking, who is good at something should focus on that!

There are responsible gamblers who will never spend more than they can afford to lose, they can work in the finance sector... but gamblers who had problems cause they spend too much money will get into the same problem sooner or later, probably with the first opportunity! I would never trust a problematic gambler in general, especially when it comes to money!

I don't think that's sad. That’s actually the case many times where the breadwinner has a job and his wife (or girlfriend) doesn't. So he makes money, and the income supports the family, and wife takes care of everything in the house and children. Men very often "take a backseat" in this arrangement and like to have someone make decisions for them. So it can be a win/win. That's not sad. That's actually the case with many married couples and life partners.

It can work as a strategy to not be in the temptation of managing your funds knowing that you like gambling,you like a lot gambling.In any given time it depends what your mind thinks,you maybe in a good situation and positive and you think let's try to gamble a little bit as everything is looking good for me so I will have luck this time and win big.It is exactly here that you ruin yourself with this thinking so I think you have made a really wise choice to let your partner in life to manage your finances which has nothing to do with gambling at all.

That’s pretty sad. Letting your girl do the finances. I’ve seen families like this before though. The boi gives his income to his girl and and the girl decides the bois monthly allowance :d now I understand the logic behind this. It is because the boi is irresponsible with the money and the girl needs to be the captain of the ship:(

Gamblers are good with money, counting, computing, analyzing, or solving problems but it could lead to a few problems when you let them handle money physically.
As long as they could control their gambling habits and it won't affect their performance being an employee of one business then I think it is not an issue.
Trust is not built thru your background/past but how you finish your jobs without making any troubles with the management or your supervisors.

I think you have answered yourself with that story.

If it's a problem gambler, no. Just like if he's addicted to crack cocaine.

However, if he is someone who gambles very occasionally in amounts he can afford, then there would be no problem.

The problem is not so much gambling as compulsive behaviour and poor self-control. The same would be true of someone addicted to intraday trading who keeps losing and can't stop. You couldn't trust them with money. But someone who buys shares with money he can afford to lose and makes the occasional trade, you could trust him.

I don't trust gambler with any financial matter because more often than not they will just think on how to bet on things. This is a fact and gamblers tend to not good at it.

No. I will give my best to find a financial assistant rather risk it on problem gamblers even if they say they've already not doing their habits anymore.

So what was the owners of the business doing in the betting shop, they both need help as he too would had gamble away that money if it was in his possession since he's also a gambler. Gambling has a spirit, you always believe yourself of winning until you lose your funds therefore addicts shoudn't be put a position they'll have access to business funds or they'll run the business down just as you have narrated.

They only deserve a second chance if you notice they're engaging in therapy or making efforts to quit. A gambler who doesn't show any concerns about his addiction shoudn't be given access to a company finance or you regret bankrupting that business.

we can't justify every gambler can't be trusted, however this depends on his attitude and integrity to his job even though of course the temptation is very big because he is in control of the financial (company) addiction is difficult to avoid as well as those of us who like to play gambling, online  or land.  but he deserves to be given a second chance to be responsible for any harm that has been caused and fix his addiction problem

Yes of course gamblers are eligible to hold financial positions. What is wrong with the world these days, the stigma that all gamblers are unable to control finances is wrong. A good gambler is actually better at managing money and keeping emotions out of finances than a person who isn't gambling. When gambling in a casino we need to look at risk and reward very quickly and adjust our betting based on our bankroll. It seems that many people have a bias against gamblers without really knowing more about it. It's not like every gambler is going lose all the money he has and becomes a thief.
What do you mean with second chance? Just because by gambling we already lost our first chance to hold any financial positions? That is so wrong in my opinion. Sure there are some people who are struggling with gambling addiction and have trouble controlling their finances. But that is only a small group out of all gamblers and not the majority. It's like looking at someone who drinks a beer as if they are alcoholics. Or looking at someone who is smoking as if he is addicted to smoking and can't control himself. If someone steals money from his work it might be because he is a thief and not a gambler in the first place. Many of the big scam scandals are from people who are not gamblers. I don't think there is a correlation between gamblers stealing more money from work than other people.