Topic: Do not gamble with Loan Money~otherwise you will be in danger like me - page 12. (Read 4955 times)

Once you dont have that self acceptance about on the mistake that you have done, then you wont really be finding yourself anytime soon to be cured up with those gambling addiction that you do have.
We do know that there are things that could definitely be stopped if you are really just that sensible on the things you've been doing. If you are really that serious on quitting gambling then
your mind and self realizations would really be enough for you to do so. If you dont have this kind of thing then you would really be ending up on having those addictions becomes worst
as the time goes by.

For those conditions or situations on which you are really that gambling with loan money then it would really be just that right that you should really know in the first place
that doing such act is never been that good. Borrowing money for the sake of doing gambling? This is a solid sign that you do have gambling
problems because people who are in good control wont really be definitely be doing such act.

Indeed borrowing money to gamble is a life ruin scenario which really does not worth it. Imagine paying a debt you never made any profit from and also paying interest on it when you lose the loan to gambling after putting your hope with high expectations of winning and also making huge profits but the reverse became the case.
Do not think of getting loan from family or relatives even if they do not require you to pay interest or inquire to know what you used the money for but when it is time for repayment, you do not have enough funds to pay them and they discovered you told them lies just to get money from the to gamble all in the name of loan, I think that should be the height of insensitivity on your own part as they would never trust your words again when it comes to fiance. You will have your name tagged as a gambler forever and you would always be a reference point for negative explanatory.

Taking a loan and doing any type of business where you know you have the skills to take it to the next level, is not a bad idea. Many people do not have the initial investment and taking loan is the only option for them to setup the business and the excel in it.
However, getting loan for gambling is not a wise thing to do, the reason being the outcome of gambling is not defined and cannot be predicted or changed with skill level. Its only depend upon the luck. If we have bad luck, then we can lose all the money in gambling and the outstanding loan will still remain with us and we have to return it no matter we lose or win in gambling.
Yes, there are chances that we may win in gambling and return the loan easily, but it is again not certain and based upon luck. If we have good luck, only then we can change our fortune else if we lose, we can be in deep trouble as we still have to return that loan.

Look at this in a big picture maths type way for each part of the equation.   The gambling part is basically a game, the game has a cost to its operation and play.  We all know you can win, profit and come away richer but big picture view Iam merely stating what is the average outcome cold hard case scenarios.  On average a game has a cost to play.    So nothing wrong with playing a game but to borrow money it has to be justified in the use of that borrowed money.  
  To borrow money also has a cost, you receive the utility on money to use today and tomorrow you will be required to return more then you originally borrowed.    So unfortunately with very slight detail to our consideration, we have cost to borrow and cost to play; there is a big danger of both being negative outcome.
   In conclusion we must say no to borrowing money to gamble, it amplifies our risk and our pain on the not win scenario and we must be fair and consider not winning is always at least half the possibilities we face.  Be honest before doubling up a bet, sometimes boring hard way to life is still alot less painful then blind hope.   OP sounds like he is on his way back to a good path and I have faith he will succeed Ive a had a friend do similar while trying to setup a business nothing is easy.

Cheers to you, friend, I hope you can quickly pay off your bank loan, so far or since I gambled, I have never done anything very fatal financially, even though I made a mistake, it probably only took 1-4 weeks to recover financially, from your experience I can pressure myself to gamble appropriately or gamble with what I am willing to lose

That is what it entails to be an addictive gambler, you wouldn't realize the damaging effect it is having In your life till you have been wreck.
Gambling with what you can't afford to lose brings an added pressure to you as a gambler, talkless of borrowing money for it, I think it suicidal, in as much as how heart breaking an touching the op story was, it wouldn't be anything to someone that is already addicted, as I am now, I need no body preaching to me about gambling for me to know the damaging effect it have on an individual, because I have experience it first hand, so I just wish other could learn from the op terrible experience.

The addiction to the gambling will be caused by the targeting of the money loss in the gambling site.The gamblers take huge time to recover from the gambling addiction,because the most of the gamblers will not know their addiction to the gambling at the initial stage.The gamblers who earned money from the gambling site will get the over confidence to the success in the gambling site.Because they thought themselves as the successful person in the gambling site.They thought their strategy will give them the money again and again,but the fact is the algorithm of the gambling site will be altered with the specific time interval.

Investing with a loan isn't so much of a bad idea but then it must an investment that comes with some level of certainties, and it also depends on the time frame of the loan and the investment aswell. But then it's not very much advisable to gamble with borrowed funds because gambling comes with so much uncertainties.

You can't be investing borrowed funds on something that comes with so much of uncertainties such as gambling because if it turns out against you, your creditors will not want to wait after the expiration of the loan term , they will definitely come back at you not minding if you lost the money to whatever you did used it for but if you have invested it in some tangible investment which can be trusted, it could have possibly yielded profit by the end of the loan term especially if it's a short term investment plan.

When it comes to gambling addiction treatment and recovery, one's acceptance of his true condition, alongside with his willingness and determination to heal from it will really play an important role in the process. It's essential for one to acknowledge and accept that you are addicted. Some might be in denial at first, but it's needed for oneself to stop escaping the reality that you have something to work on to. To have a successful gambling rehabilitation, you must come clean to yourself and accept that you need help and counsel from the professionals. It will not really work as intended if you will hold yourself back because you don't want to acknowledge that you have to undergo to something and you have to remove things in your life that doesn't add value.

If the debt is intended for investment or gambling, it will only give us difficulties where we still have to pay back the debt every week or month until the debt is paid off. Meanwhile, we don't know when to profit from our investment or win the gambling game. Playing gambling to make money cannot always be obtained because there is the potential for losing, so every gambler should be aware of this so that they do not try too hard when playing gambling. Those who gamble must be able to remember that gambling is entertainment where they don't need to play for too long, let alone chase wins or recover from losses. And if they keep borrowing money to gamble, they will have difficulty paying back their debt.

Gambling from time to time and the Gambling addicted are not the same thing. Some people gamble every day yet they are not gambling addicted. If someone has control over their emotion and they can quit gambling anytime they want, they are not gamblers. I haven't gambled in the last three weeks. Now, if you ask any addicted person to stay away for a week, they won't be able to do it. But, I could give you a gurantee that I am not a person like that. I never was addicted to gambling. But yes, I have wasted a lot of money and I learned how to control myself. My own responsbility tought me the lesson. If you ask me what is my position at this moment, I am still in profit bro.

It is not good to do anything with debt be it investment or gambling. Gambling I think depends a lot on luck. Many people think that gambling can make a lot of money and they get greedy and get addicted to gambling and even go into debt. Whenever people gamble with debt and lose that gamble i.e. suffer financially, their families are in turmoil. So everyone should avoid debt and avoid gambling.

This is what everyone needs when it comes to gambling. It's important to realize that we should have control over our gambling activities to avoid situations where we become desperate to make instant money through gambling. Oftentimes, instead of remaining calm while playing, we end up losing control and betting huge amounts of money in the hope of an immediate and large win. Unfortunately, our expectations of winning do not always match the actual outcome of the bet.

Those who have been in a similar situation can relate to the feeling of regret that comes with it. Just like when we lose money through gambling, it's common to make the mistake of trying to win it all back by continuing to bet. However, this often leads to losing even more money due to impulsive and thoughtless actions.

I will not say that you cannot play with credit money. This is quite possible, but provided that you fulfill many requirements:
1. The loan amount is not too large for you. In the worst case scenario, if you lose all your money, it should take you no more than two months to pay off the debts on your loan.
2. Take out a loan only with an interest-free period of several months to repay the amount without interest. With modern bank promotions this is possible.
3. First formulate your strategy, then test it several times on different series of games. Your task is to collect as detailed statistics as possible.
4. There are many other non-obvious rules that do not contradict these, but these are enough for a start

I too fall on the category of people who once lost everything I had. I was an individual person with a monthly salary and no one were depended on me so it was not as huge of a loss but I lost my 1 years of saving that I could have used somewhere. Due to the reasons like difficulty on getting a same day loan, I luckily didn't got a loan for my rage bet but due to losing the savings, a year later, I had to get a loan for my personal need. If I had not lost those savings prior, I might have not needed to take that loan.
Fast forward today and I'm loan free and still not being able to stop myself from gambling, I now have much more control over my gambling habits.

Good for you that you're a changed man despite the allures of addiction, I've seen a lot of people say that if you're addicted, just seek help but they forgot the part where you have to be the one that's ready for the change and that the realization that what you're doing is only going to hurt you is going to be the start towards rehabilitation for any addiction. Although I still you're not fully recovered since you're still gambling from time to time, it's still is a moment for me to be proud of you and many others of similar situation because you've overcome something that a lot have tried to fight but either succumbed to the deepest pits of addiction and just gave it all up or died from it (although it's the worst case, gambling addicts have a low chance of getting to this stage).

It is true that chasing losses with borrowed money will only make things worse because it will make us even more miserable because we have to lose more money over and over again. This will of course be a burden on ourselves and as you said can cause stress and destroy our lives. And yes, we really have to be able to admit our mistakes when we start to make mistakes due to gambling too often and correct them immediately, start to set limits so that the detrimental things don't increase, this will make our lives more orderly.

Winning stories are everywhere and most people share their stories on social media so many people know about it. But we don't really know what happened behind the winnings they experienced, they must have also spent a lot of money gambling and of course also experienced big losses and This win can be said to be a recovery of the money they have lost previously and it is better if we are never tempted by someone's winnings to pursue the ambition of winning because gambling can plunge you into a deeper abyss.

Sometimes I wonder what casinos are up to when their give up on something like allowing you to win first with small amount and there by convincingly targets your gullibility to the point of making you to stake higher amounts which could not be win at the end, I think this is a tactic that are employed by casinos because at a level of a small amount in bet, you easily win most especially in the first few game's but before you know it, you will start losing more than you expected and there by ending the entire session in a lose.

There is a certain amount of luck involved when it comes to Gambling. For Blackjack, i think its quite difficult to win for long Cause in this game, it requires to have a great deal of skill and chance both. I believe, gambling websites will flavor you to win when you've lower amount or when you start the game for first time, so that they can inspire you for gambler more. And so is happened with you. Its okey when you loss, even you lost a lot but you can afford that anyhow. But it Will become a serious issue when you ask for loan from bank or anyone for gambling. Gambling isn't a thing what will generate continue income for you but for casino owners. Well don't lose hope. As you can't control yourself, then stop it. Do a decent job and hope, thus you can pay your loan soon

He is pertaining to do the combination of loan money being use on gambling and not describing them individually. He has basis on his statement since you already lose the moment you borrow money from lending while gambling has a house edge that means losing is higher than winning.

It’s same scenario when you still to choose to fish on bad weather hoping to catch big even though all the odds is against you. But of course there’s some case that doing it is not so bad especially if you have money that can cover your loan before the due date once you lose to gambling. Either in a form of salary or other income that has fixed date.