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Topic: Do not gamble with Loan Money~otherwise you will be in danger like me (Read 4603 times)

legendary
Activity: 2254
Merit: 1035
Leading Crypto Sports Betting & Casino Platform
I'd not even advisable for a who want to play risks with the money to go and carry loan, especially those that are in to gambling that they don't wait to get their own money before they can introduce themselves in to gambling and again having an experience about something that a person really want to start is the best way of success. Because once a person getting much knowledge to lose in gambling will be little, but the only thing that we have to brb avoid always is that we should no go and take a loan just because of gambling it is very dangerous what if you take this loan and at the end of day you lose all the money you use for gambling, what will you explain to those that give you the loan?
Anyone who is addicted to gambling usually doesn't think long about borrowing money from anyone, even a loan shark, even though financing gambling with loan proceeds usually doesn't end well in the end, there are many cases of people committing suicide just because they can't pay the money because the money has run out. gambling, there are so many cases like that in my country that the government is working quickly to ban gambling here, but even so I can still access online gambling sites.

Playing gambling must be full of proper control, don't gamble just because you want to get money, usually the reason people borrow money is because they want to recover their losses or want to make extra money but don't have the money so they try to borrow and hope to win to pay off debts but instead end up losing. that's why borrowing money is never recommended in gambling, gambling with money that is ready to be lost is not gambling with borrowed money because that is the same as committing suicide making it even more difficult for yourself to be able to pay it, there are many suggestions that we may have shared on this forum but they all come back again to the gamblers.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
I'd not even advisable for a who want to play risks with the money to go and carry loan, especially those that are in to gambling that they don't wait to get their own money before they can introduce themselves in to gambling and again having an experience about something that a person really want to start is the best way of success. Because once a person getting much knowledge to lose in gambling will be little, but the only thing that we have to brb avoid always is that we should no go and take a loan just because of gambling it is very dangerous what if you take this loan and at the end of day you lose all the money you use for gambling, what will you explain to those that give you the loan?

I agree with you, although sometimes we do have to take risks, but that does not mean we have to take loans to gamble. Taking risks in gambling has another meaning, where we must dare to take risks when gambling by using large amounts of bets, not by taking loans. It is true that you said that it is not recommended to take this action because in my opinion taking this action will only make us more miserable. Even people who gamble by not taking out a loan to gamble they tend to have problems due to lack of self-control, and if they take this action not only do not have self-control, but in my opinion they have even lost their minds, too desperate and excessive in gambling.

It is true that having experience might help, and if you don't have experience then that doesn't mean you have to feel the same way, because just by looking at other people, I think it can be used as a lesson so that we don't do anything excessive. People who make loans for gambling of course they don't say their purpose for borrowing money is to gamble, of course they will lie by saying other reasons. And with the fact that gambling will most likely only make you lose money, right what you said, in the end it will only make us lose money. And they might be confused to say that the borrowed money is gone, and this can be an impulsive action.
legendary
Activity: 2492
Merit: 1327
exactly, there is absolutely nothing wrong with borrowing money from banks or lending companies as long as it is planned and used correctly or appropriately. If you use the money you borrowed to build a start-up business, you can't say that the money you borrowed just went to nothing, but if you just use it for gambling or any other thing where there is no guarantee that the money you used will come back, that the wrong thing is, what if you don't have any other money to pay for the money you owe? You will end up in debt because of what you did.
There are some people out there that are against taking loans no matter the reason, but I am not one of those people, I believe that depending on the circumstances taking a loan makes sense, and doing so in order to create a business or to buy a house is reasonable in my book, but asking a loan to gamble is not really a good move, since you are spending money you do not have, in something you do not need and that will not really bring you any kind of long term benefit.
full member
Activity: 238
Merit: 140
I'd not even advisable for a who want to play risks with the money to go and carry loan, especially those that are in to gambling that they don't wait to get their own money before they can introduce themselves in to gambling and again having an experience about something that a person really want to start is the best way of success. Because once a person getting much knowledge to lose in gambling will be little, but the only thing that we have to brb avoid always is that we should no go and take a loan just because of gambling it is very dangerous what if you take this loan and at the end of day you lose all the money you use for gambling, what will you explain to those that give you the loan?
legendary
Activity: 2646
Merit: 1090
Leading Crypto Sports Betting & Casino Platform
As I said above, it really doesn't matter what kind of money you use, or I mean whether it's borrowed money or even stolen money, you still basically have the opportunity to win like any other gambler, and if luck comes at the same time when you gamble using borrowed money then obviously you will also be able to win. So let's be clear here that what is dangerous is "the way you make money to gamble" which is clearly dangerous in the long run when your interest in gambling is getting worse which means you will never feel hesitant to eventually return to borrowing just for something that has absolutely no certainty, and obviously the risk is that the debt will accumulate. If the situation ends up winning, that's great, but sometimes there are a lot of people who always act greedily which in turn triggers new problems.

All you think is nothing more than hallucinations that come out because you put your hopes and ideas of earning on gambling, many people are too sure that they will really win when in fact it is nothing more than their feelings as a result of putting their hopes on victory that always runs randomly to determine who wins.
There's no such thing about proofs about using up loan money or money or funds came from your own pocket or stolen on which luck factor would really be just that the same on which if you are lucky then you are lucky and you would definitely win at that moment but if not then you would really be ended up on being miserable. Using up some loan money just for you to gamble?
Just like on what most people been saying on here is that you are just basically doing up some suicide on which this is something that you must avoid in the first place because
if you do make use of a loaned money to gamble then you arent that just losing those loan amounts but also you would really be paying it up in due time + interest.

Who would really be on their right minds you that would really be doing such suicidal act? Unless if that addiction is so severe that even thinking up well is already impossible or hard
then you would really be coming up with this kind of solution or condition on which we know that this is something that not putting you up in any advantage situation
but rather it would be ideal that you should always play on the amount on which you can afford to lose. If it all bust up then simply quit or call it a day.
Dont look for another fund for you to deposit on.

Yes, it means that luck will not see where the money to gamble comes from, but in the end the odds are still the same as I said above and I think this is a fact and people I think understand this. The point is that it's the borrowing alternative that's going to be dangerous in the long run, where you might get so used to always borrowing money just to gamble when you don't have your own money. It's important to understand that gambling stimulates the brain and mind and that makes it difficult for most gamblers to quit in time, meaning that it's very likely that you'll continue to borrow mindlessly and without any hesitation and end up getting yourself into debt.

This is proof that treating gambling the wrong way will cause a lot of problems and adverse effects on a gambler, losing is the risk of all gamblers, but most gamblers always try to expand their gambling activities with actions that they think are hard work to actually be able to realize victory when in fact it will unconsciously trigger many new problems, such as getting into debt which ultimately triggers stress or depression until you might commit suicide due to not being able to handle the pressure. Therefore this is the reason why we should gamble moderately and reasonably, gambling is not that serious, you must be able to balance everything according to what is provided by the casino where they only provide opportunities or "possibilities" and that means there should be no seriousness in gambling.
sr. member
Activity: 1414
Merit: 361
I'm sorry to hear about your experience. It's a tough lesson to learn that gambling with loan money is really risky and dangerous which can lead to financial issues or problems. Thank you for honestly sharing your story and experience, this will help other gamblers to be aware and understand the potential dangers of gambling addiction and for people to avoid impulsive decisions which can lead to long term negative effects. I hope one day you'll be able to overcome this setbacks and eventually regain financial stability.
If a person thinks of gambling with loan money then he is doing a big mistake. Gambling is fine with our small amount of money for gambling. But after gambling for several days I realized that excessive gambling leads to not having enough money in hand which leads to gambling.  I think of borrowing from friends to play. I never want to gamble with borrowed money so I always prefer to gamble in small amounts.
hero member
Activity: 2548
Merit: 533

Honestly for myself I can't say that borrowed money will make you always lose at the end of the session, I can't confirm that because after all if you are lucky enough then obviously even if you gamble using borrowed money you will still win in the end, But the thing about why it's so forbidden to gamble using borrowed money is because it's an action that will lead to a new and much worse habit, which is that you could potentially experience new problems in your life such as getting into debt, because I doubt that when you've tried taking out a loan then you're not interested or addicted to trying to take out another loan when you don't have the money to gamble.

Indeed, in this case the loan money will sometimes not make you lose, but on the other hand we must be aware of the risks and conditions that will be obtained.
We know that the concept of gambling that we can confirm at this time is that there is more probability of losing than winning, so by looking at this condition, we are definitely aware that sometime taking out loans just to gamble has a greater risk than your own money because in the end besides In the worst case scenario, we lose, we also have debts that must be paid and that is the consideration for not gambling with borrowed money because after all the risk is much greater and will give you a headache.

In fact, if you feel that you will be more profitable and not be bothered if the worst possibility happens then it is not a problem, it's just that we don't know what will happen with the gambling we do because we hope for luck by forcing our will to gamble i think that's too much.

As I said above, it really doesn't matter what kind of money you use, or I mean whether it's borrowed money or even stolen money, you still basically have the opportunity to win like any other gambler, and if luck comes at the same time when you gamble using borrowed money then obviously you will also be able to win. So let's be clear here that what is dangerous is "the way you make money to gamble" which is clearly dangerous in the long run when your interest in gambling is getting worse which means you will never feel hesitant to eventually return to borrowing just for something that has absolutely no certainty, and obviously the risk is that the debt will accumulate. If the situation ends up winning, that's great, but sometimes there are a lot of people who always act greedily which in turn triggers new problems.

All you think is nothing more than hallucinations that come out because you put your hopes and ideas of earning on gambling, many people are too sure that they will really win when in fact it is nothing more than their feelings as a result of putting their hopes on victory that always runs randomly to determine who wins.
There's no such thing about proofs about using up loan money or money or funds came from your own pocket or stolen on which luck factor would really be just that the same on which if you are lucky then you are lucky and you would definitely win at that moment but if not then you would really be ended up on being miserable. Using up some loan money just for you to gamble?
Just like on what most people been saying on here is that you are just basically doing up some suicide on which this is something that you must avoid in the first place because
if you do make use of a loaned money to gamble then you arent that just losing those loan amounts but also you would really be paying it up in due time + interest.

Who would really be on their right minds you that would really be doing such suicidal act? Unless if that addiction is so severe that even thinking up well is already impossible or hard
then you would really be coming up with this kind of solution or condition on which we know that this is something that not putting you up in any advantage situation
but rather it would be ideal that you should always play on the amount on which you can afford to lose. If it all bust up then simply quit or call it a day.
Dont look for another fund for you to deposit on.
legendary
Activity: 2646
Merit: 1090
Leading Crypto Sports Betting & Casino Platform

Honestly for myself I can't say that borrowed money will make you always lose at the end of the session, I can't confirm that because after all if you are lucky enough then obviously even if you gamble using borrowed money you will still win in the end, But the thing about why it's so forbidden to gamble using borrowed money is because it's an action that will lead to a new and much worse habit, which is that you could potentially experience new problems in your life such as getting into debt, because I doubt that when you've tried taking out a loan then you're not interested or addicted to trying to take out another loan when you don't have the money to gamble.

Indeed, in this case the loan money will sometimes not make you lose, but on the other hand we must be aware of the risks and conditions that will be obtained.
We know that the concept of gambling that we can confirm at this time is that there is more probability of losing than winning, so by looking at this condition, we are definitely aware that sometime taking out loans just to gamble has a greater risk than your own money because in the end besides In the worst case scenario, we lose, we also have debts that must be paid and that is the consideration for not gambling with borrowed money because after all the risk is much greater and will give you a headache.

In fact, if you feel that you will be more profitable and not be bothered if the worst possibility happens then it is not a problem, it's just that we don't know what will happen with the gambling we do because we hope for luck by forcing our will to gamble i think that's too much.

As I said above, it really doesn't matter what kind of money you use, or I mean whether it's borrowed money or even stolen money, you still basically have the opportunity to win like any other gambler, and if luck comes at the same time when you gamble using borrowed money then obviously you will also be able to win. So let's be clear here that what is dangerous is "the way you make money to gamble" which is clearly dangerous in the long run when your interest in gambling is getting worse which means you will never feel hesitant to eventually return to borrowing just for something that has absolutely no certainty, and obviously the risk is that the debt will accumulate. If the situation ends up winning, that's great, but sometimes there are a lot of people who always act greedily which in turn triggers new problems.

All you think is nothing more than hallucinations that come out because you put your hopes and ideas of earning on gambling, many people are too sure that they will really win when in fact it is nothing more than their feelings as a result of putting their hopes on victory that always runs randomly to determine who wins.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
Gambler should not be too serious that he consider his loss as losing of everything because of such habit gamblers initiates taking laon from others as they want to gamble more in order to cover all losses. One should not think about gambling whole of the day but consider it as a fun to play only for single day in whole month so he will not be trapped in bad habbit like that of other gamblers.

If you Loss more or win in that single day then forget it and don't think with emotions because it can change your good habit into bad one. Also don't increase the limit of your gambling and amount of your money for gambling so when there is a limit there will be happy ending but once your cross the limit you will spoil your own life by starting gambling for whole of the day.

This response of yours, is quite crucial, and helps in defining responsible gambling. However, since we are looking at the human brain and emotional intelligence, not everyone would be able to get hold of wagering little amount of money forever. Most often, the casino offers those wins to move the gambler to wager more money. It's a game between the house and the casino and must be taken with extreme caution. The loss of money also affects the player psychologically, thereby putting him ahead of his thoughts, he acts not completely from his instincts, but from the ideas of getting his money back. Thereby, leading to an endless struggle of winning big, which attitude, leads to taking loan in gambling. Placing the gambler in a more dangerous stage of gambling addiction.



What I think about this is that things are always going to happen so that they can be better in terms of betting, well we are players who make short bets with little money, and I come out respectable, we don't have to be too alarmed, that's what I want To say that things with games are very crucial at any time, but whether with little or a lot of money, our responsibility must be above anything else, that is, you should not allow us to become decapitalized, it is something that does not make any kind of sense, Personally, I will always say that the things that are dealt with more widely and in more detail have to be done better, there is no other way, it is something we look for, in a casino the idea is to win, so due to these problems, we always We are going to have a lot of thoughts and many solutions to things and everything we see is that it always tends to money, there is nothing else other than money, so it is imperative to take care of it.

When I play in a casino I avoid any possibility of addiction, but it is because I allocate money only to gamble, and to lose, there is no other way, I have to do it and see it that way because otherwise if I play trying to control my emotions that is a lie , I will not achieve it because that is something almost impossible, yes there will be people who threaten it, but I prefer to control my money and set a limit and that is where the money goes, beyond that I do not bet, because that is a lie that If you put more money in a casino you will win or recover, no, quite the opposite, you will lose all that money and whoever continues to put it into play. And the truth is, I don't like to lose at all, and I think that no one likes to lose, I will always say that things have to be done well with respect to money, because money is the first cause of addiction, there is no plus other reasons because whenever things manifest to make money it is present, and for now things continue to work like this, that is why whenever we go to our casino, we must take that precaution.
hero member
Activity: 1064
Merit: 509
Leading Crypto Sports Betting & Casino Platform
Gambler should not be too serious that he consider his loss as losing of everything because of such habit gamblers initiates taking laon from others as they want to gamble more in order to cover all losses. One should not think about gambling whole of the day but consider it as a fun to play only for single day in whole month so he will not be trapped in bad habbit like that of other gamblers.

If you Loss more or win in that single day then forget it and don't think with emotions because it can change your good habit into bad one. Also don't increase the limit of your gambling and amount of your money for gambling so when there is a limit there will be happy ending but once your cross the limit you will spoil your own life by starting gambling for whole of the day.

This response of yours, is quite crucial, and helps in defining responsible gambling. However, since we are looking at the human brain and emotional intelligence, not everyone would be able to get hold of wagering little amount of money forever. Most often, the casino offers those wins to move the gambler to wager more money. It's a game between the house and the casino and must be taken with extreme caution. The loss of money also affects the player psychologically, thereby putting him ahead of his thoughts, he acts not completely from his instincts, but from the ideas of getting his money back. Thereby, leading to an endless struggle of winning big, which attitude, leads to taking loan in gambling. Placing the gambler in a more dangerous stage of gambling addiction.

sr. member
Activity: 966
Merit: 276
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I totally agree. Borrowing money for gambling is a formula for catastrophe. It's risky enough to invest money in appreciating assets, let alone borrowing money to gamble on depreciating assets. You are jeopardizing not only the money you borrowed, but also the additional expense of the loan's interest. It's a risky, expensive venture that may rapidly spiral out of hand. Even if someone wins, they are only digging themselves deeper into debt and fueling their gambling addiction. It's a difficult cycle to break.
There is no rewards in borrowing money for the sake of gambling, it's very hard to win when you are using borrowed money to gamble, it's not advised to do anything gamble with a borrowed money.
The problems are not the money a gambler borrowed but the problems rellies on the interest. It might be difficult for the loaner to pay, so instead of using a borrowed money to gamble it is better you use it to buy something valuable that you will be seeing everytime, so even when you are paying the loans and the interest you won feel remorsed for it. One who borrowed money to gamble and lose might also borrow another money and lose them all. Instead of losing a borrowed money it is better you lose the money you worked for, because you won pay any interest for it. However, the both of them are not quite okay but it's better to lose the one you worked for, than the ones you collected.

Honestly for myself I can't say that borrowed money will make you always lose at the end of the session, I can't confirm that because after all if you are lucky enough then obviously even if you gamble using borrowed money you will still win in the end, But the thing about why it's so forbidden to gamble using borrowed money is because it's an action that will lead to a new and much worse habit, which is that you could potentially experience new problems in your life such as getting into debt, because I doubt that when you've tried taking out a loan then you're not interested or addicted to trying to take out another loan when you don't have the money to gamble.

And on the other hand yes if you borrow from some reputable service or general loan service then obviously there will definitely be a certain amount of interest that you have to pay, so of course it is not recommended to gamble using borrowed money, because this will only cause new problems that will befall you, as I said above that most likely you will be addicted to always taking loans to finance your gambling and I can ensure that you will be surprised when you find out your total debt in a certain period of time along with you also have to pay interest. In general, borrowed money should be used wisely, because it is indeed a help when you need money urgently such as for the needs of life that cannot be tolerated, but unfortunately some irresponsible gamblers try to take advantage of the situation with the borrowed money.

In general, it's not bad to take a loan; as long as we know in ourselves that we will use it for something meaningful that can help us, such as building a small business, that's fine. As long as it can produce a profit for us as well, which is also the source that we can use to pay what we owe.

But if you only use it for gambling, it's a bit like taking a big rock and hitting yourself, and that's not good because, for sure, most of the time, most of the gamblers lose, so there is no certainty if we will win in gambling.

exactly, there is absolutely nothing wrong with borrowing money from banks or lending companies as long as it is planned and used correctly or appropriately. If you use the money you borrowed to build a start-up business, you can't say that the money you borrowed just went to nothing, but if you just use it for gambling or any other thing where there is no guarantee that the money you used will come back, that the wrong thing is, what if you don't have any other money to pay for the money you owe? You will end up in debt because of what you did.
sr. member
Activity: 1316
Merit: 268
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I totally agree. Borrowing money for gambling is a formula for catastrophe. It's risky enough to invest money in appreciating assets, let alone borrowing money to gamble on depreciating assets. You are jeopardizing not only the money you borrowed, but also the additional expense of the loan's interest. It's a risky, expensive venture that may rapidly spiral out of hand. Even if someone wins, they are only digging themselves deeper into debt and fueling their gambling addiction. It's a difficult cycle to break.
There is no rewards in borrowing money for the sake of gambling, it's very hard to win when you are using borrowed money to gamble, it's not advised to do anything gamble with a borrowed money.
The problems are not the money a gambler borrowed but the problems rellies on the interest. It might be difficult for the loaner to pay, so instead of using a borrowed money to gamble it is better you use it to buy something valuable that you will be seeing everytime, so even when you are paying the loans and the interest you won feel remorsed for it. One who borrowed money to gamble and lose might also borrow another money and lose them all. Instead of losing a borrowed money it is better you lose the money you worked for, because you won pay any interest for it. However, the both of them are not quite okay but it's better to lose the one you worked for, than the ones you collected.

Honestly for myself I can't say that borrowed money will make you always lose at the end of the session, I can't confirm that because after all if you are lucky enough then obviously even if you gamble using borrowed money you will still win in the end, But the thing about why it's so forbidden to gamble using borrowed money is because it's an action that will lead to a new and much worse habit, which is that you could potentially experience new problems in your life such as getting into debt, because I doubt that when you've tried taking out a loan then you're not interested or addicted to trying to take out another loan when you don't have the money to gamble.

And on the other hand yes if you borrow from some reputable service or general loan service then obviously there will definitely be a certain amount of interest that you have to pay, so of course it is not recommended to gamble using borrowed money, because this will only cause new problems that will befall you, as I said above that most likely you will be addicted to always taking loans to finance your gambling and I can ensure that you will be surprised when you find out your total debt in a certain period of time along with you also have to pay interest. In general, borrowed money should be used wisely, because it is indeed a help when you need money urgently such as for the needs of life that cannot be tolerated, but unfortunately some irresponsible gamblers try to take advantage of the situation with the borrowed money.

In general, it's not bad to take a loan; as long as we know in ourselves that we will use it for something meaningful that can help us, such as building a small business, that's fine. As long as it can produce a profit for us as well, which is also the source that we can use to pay what we owe.

But if you only use it for gambling, it's a bit like taking a big rock and hitting yourself, and that's not good because, for sure, most of the time, most of the gamblers lose, so there is no certainty if we will win in gambling.
sr. member
Activity: 1358
Merit: 326
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I hope you recover from your downturn, and make this an experience so you can control your emotions when gambling, consider gambling to entertain yourself, not to make money, use the money you can spare to gamble, avoid making deposits continuously

Gambler should not be too serious that he consider his loss as losing of everything because of such habit gamblers initiates taking laon from others as they want to gamble more in order to cover all losses. One should not think about gambling whole of the day but consider it as a fun to play only for single day in whole month so he will not be trapped in bad habbit like that of other gamblers.

If you Loss more or win in that single day then forget it and don't think with emotions because it can change your good habit into bad one. Also don't increase the limit of your gambling and amount of your money for gambling so when there is a limit there will be happy ending but once your cross the limit you will spoil your own life by starting gambling for whole of the day.
newbie
Activity: 56
Merit: 0
I'm sorry to hear about your experience. It's a tough lesson to learn that gambling with loan money is really risky and dangerous which can lead to financial issues or problems. Thank you for honestly sharing your story and experience, this will help other gamblers to be aware and understand the potential dangers of gambling addiction and for people to avoid impulsive decisions which can lead to long term negative effects. I hope one day you'll be able to overcome this setbacks and eventually regain financial stability.
sr. member
Activity: 350
Merit: 262
Firstly let me start by thanking Op for this because this is definitely the type of advice that newbie gamblers should be having. As a gambler you should never use money from a loan to stake or carry out gambling activities no matter how catchy or nice and favourable the odds may seem to be. In short as a responsible gambler you shouldn't even think about loans when it comes to gambling Because a loan is definitely not what you can afford to lose.
Gambling is a supposed fun activity which is based on luck therefore no matter how strategic or calculative you tend to be , your chances of making a win still depends partially on luck. Loan should be taken for business purposes or other important activities other than making bets in a casino with high hopes of hitting a jackpot.
Just like that I made a mistake myself and from there I got an experience myself Gambling is not a good thing but we use it for fun but that fun sometimes brings us a big loss. And when we become addicted to gambling, we don't have good thinking skills and therefore don't hesitate to take decisions like gambling on loans. I faced this situation and I got to experience it myself and distanced myself from gambling a lot. I still haven't quit gambling completely but I have managed to bring myself under a lot of control
sr. member
Activity: 308
Merit: 448
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Firstly let me start by thanking Op for this because this is definitely the type of advice that newbie gamblers should be having. As a gambler you should never use money from a loan to stake or carry out gambling activities no matter how catchy or nice and favourable the odds may seem to be. In short as a responsible gambler you shouldn't even think about loans when it comes to gambling Because a loan is definitely not what you can afford to lose.
Gambling is a supposed fun activity which is based on luck therefore no matter how strategic or calculative you tend to be , your chances of making a win still depends partially on luck. Loan should be taken for business purposes or other important activities other than making bets in a casino with high hopes of hitting a jackpot.
hero member
Activity: 1064
Merit: 509
Leading Crypto Sports Betting & Casino Platform
Don't know how fast people can take loan for gambling. From your response, erep, it sounds to me like the player has the privilege or choice of taking a loan while gambling when he exhausts his funds. However, in other contexts the gambler takes the loan due to being broke and have nothing to use for gambling. So, if a means exists for taking a loan while gambling just to feel ok for the moment, gamblers may still abuse it. I could remember a member, here, thinking about setting up such services. However, the middle economy gamblers, who take loans in bits have no trouble to face during their gambling course. Since it's not much and can be replaced with their income. The trouble starts with the low earners who borrow huge amount of cash just to gamble. That's not a great method for gamblers, though, whether high or low roller.
When a gambler gambles for a long time and becomes deeply addicted to gambling, he does not hesitate to gamble with a loan for the last time. There will be very few gamblers who are interested in taking loans very quickly. I don't know how addicted the op is to gambling and why he decided to take out a loan so quickly and such a big loan. However it is admirable that he realizes his own mistake and wants to get out of gambling.  And warning others by sharing her bad experience here
I have seen many gamblers lose all their financial resources to gambling in the beginning. Sometimes I wonder how much a person becomes addicted to gambling and thinks of losing all their money to gambling.  No. When he loses money property he tries to gamble by taking loans from others. When he starts gambling with loans he will face a lot of problems like if he loses gambling he will not have any money to settle the debt and he will face many problems.

Whatever a gambler has in mind, taking a loan to gamble for money to payback another loan, is the worst gambling move, from an addict. However, addicts are not expected to have good gambling strategies. Doing that unveils a severe gambling addiction stage, and the next could be more dangerous that the gambler will do something strange or painful to himself. Some are lucky enough to clear the  debt, maybe through the help of a loved one who actually cares to save a family member. Aside that, casinos have a slim chance of providing money enough to clear a debt. Gamblers do trust their instincts and feel they're able to do it. Someone may have done it and convinced the gambler that it's achievable. Most of the cases I've read about gamblers who make such mistakes, are related to peer influence. Everyone have different winning results in gambling. The risk is not for everyone.

hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_

Gambling with borrow funds is like someone that is sitting on a time bomb, as soon as that borrow money don't bring back anything, regret set in then the next thing that comes to your mind is to find another alternative to pay back and because you don't have a means or source of funds, the next thing that ring in your head is to call another friend to borrow, risk it again so you can pay back the accumulated debts you have gathered but in the process, you loss again and then your loss triple without means to pay back.

Its just to make things harder for themselves because apart from forcing the urge to gamble, it also becomes a situation where they want to force luck when in gambling we definitely know that the profit is only a small part of the loss we receive.

This is the important point that gambling should be done maturely and responsibly. It is true that in the end we don't know luck and it could be that with borrowed money it will end up being very good to do because the possibility of us winning in gambling with borrowed money is also still very much there but we don't need to complicate ourselves like that because after all, by doing so you are making it difficult for yourself because apart from you having to lose in gambling you also have to think about how to pay the bills from the loan you did.
sr. member
Activity: 1274
Merit: 423

Honestly for myself I can't say that borrowed money will make you always lose at the end of the session, I can't confirm that because after all if you are lucky enough then obviously even if you gamble using borrowed money you will still win in the end, But the thing about why it's so forbidden to gamble using borrowed money is because it's an action that will lead to a new and much worse habit, which is that you could potentially experience new problems in your life such as getting into debt, because I doubt that when you've tried taking out a loan then you're not interested or addicted to trying to take out another loan when you don't have the money to gamble.

Indeed, in this case the loan money will sometimes not make you lose, but on the other hand we must be aware of the risks and conditions that will be obtained.
We know that the concept of gambling that we can confirm at this time is that there is more probability of losing than winning, so by looking at this condition, we are definitely aware that sometime taking out loans just to gamble has a greater risk than your own money because in the end besides In the worst case scenario, we lose, we also have debts that must be paid and that is the consideration for not gambling with borrowed money because after all the risk is much greater and will give you a headache.

In fact, if you feel that you will be more profitable and not be bothered if the worst possibility happens then it is not a problem, it's just that we don't know what will happen with the gambling we do because we hope for luck by forcing our will to gamble i think that's too much.
hero member
Activity: 742
Merit: 513
The idea of taking a loan to gamble is bad and totally uncalled for because gambling on its own is already a high-risk thing talk more about taking loan to gamble, since the majority of the time that we gamble we end up losing so why then should anyone take gambling seriously because gambling can ruin one life so for that we have to avoid anything that will put us in an imposing position to gamble more than we should.


In the op's situation, he ended up in more debt that has reversed his life for almost 2 years backwards,  which is something that is a negative outcome from what he desired from gambling before taking the loan, so we all have to take this as a lesson and to try to avoid taking a loan of any form to gamble with.

Gambling with borrow funds is like someone that is sitting on a time bomb, as soon as that borrow money don't bring back anything, regret set in then the next thing that comes to your mind is to find another alternative to pay back and because you don't have a means or source of funds, the next thing that ring in your head is to call another friend to borrow, risk it again so you can pay back the accumulated debts you have gathered but in the process, you loss again and then your loss triple without means to pay back.

Unless you are dealing with addiction, if you don't have money to gamble, you don't have business in gambling platforms, you don't have business making picks from the games, you don't have business even helping others to book for games because it's from there the temptation do come and before you knew it, you have ask people to lend you money to gamble, it's a very bad habit to even engage in.
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