Topic: Do not gamble with Loan Money~otherwise you will be in danger like me - page 14. (Read 4955 times)

I always ask myself why people aren't stopping after they won a decent amount in gambling. To a certain extent I can understand that a win might only feel like a small win and it would be nice to turn it into a bigger win instead. But we always face the risk of losing our win and worst case maybe even turn that into a loss. Especially when borrowed money is involved the stakes are much higher and any loss will double has hard, because we not only have a lower bankroll but also have to repay the loan we took out. Which is why I wouldn't use any borrowed money for gambling. The risk is just too high and it's not going to end well in many cases.

Usually people who have the thought "gambling is easy / winning is easy" are those who come without the right understanding, and it is mostly in the mindset and point of view of beginners who have just come based on the victories that others have managed to get which certainly makes them feel motivated to get involved and hope to get the same fate, and also on the other hand this thinking can occur to those who have just got their first win in their gambling activities, especially if the amount is large, this will make them feel great, even though on the other hand the real fact is that at that time luck was accompanying them. With a high level of confidence and trust that makes them like to justify all means just for the sake of getting money to gamble, making loans for gambling is like a natural thing for them because they believe that there will be a return that is much greater than the victory, even though all of that is still uncertain and only limited to opportunities until finally over time if they do not change their mindset then obviously they will suffer a lot of extraordinary pressure due to making loans as gambling capital.

Obviously, if you want to get calm and want to enjoy the gambling you do then there is no other way but to only put small amounts, essentially the amount you can afford to lose at the end of the session, basically having the right understanding in the approach you take to gambling will be able to make you feel safe and comfortable.

There is something I believe concerning loaning. If you take loan from anyone, you are indirectly the servant of that person. Aside gambling this thought has always help me to stay contented even if I need it, I prefer to just wait until I have the money to do what I crave doing except in cases of emergencies. Take for example, the loan offer in this forum. Once you are being given a loan your forum account would be held as coleteral  and untill you pay back, you'll keeping having that neutral tag.

When it is the case of addicted people, their biggest problem is Always money, there is no other option, a person is addicted only because things are not given to him and also for the pleasure of playing and playing all day, What happens is that when you have that taste, things can change a lot, if there is no self-control, especially with money, things can go wrong and that is what happens mostly in people who are Addicted , once that they run out of money , because they look for a way to have more money and be able to play, that is already a way of being Addicted , because even so when there is no money they look for selling their things to have money and go play, and that It is when there is no control over their finances, and the truth is that they do not care about giving up their belongings to achieve what they want, I personally think that when a person is becoming addicted they have to attack it quickly.

There are people who when they lose control because they are not able to get out of that hole in the world and fall, that's why when I see that there are possible signs in people who are becoming addicted and I know them I try to Alert them , because it is very bad When they fall into addiction, because they only lose all their money, some lose their credit life, some lose friends, they get into debt and sometimes people sometimes also lose their family, and that is something that should not be allowed, so in In this order of things , things can happen like this, otherwise you have to seek professional help immediately before it happens to adults, usually things happen that way and you can't find help quickly because people can even kill themselves, How many have not fallen into those thoughts, because they have not been able to get out of where they are ? For many , this is something that we must always consider, and avoiding a major problem will always be for intelligent people, which is why Being in a casino is a Great Responsibility.

Never knew someone like that, but the difference is that he made a loan to his own friend with a large enough amount with the guarantee of the vehicle he had.
No one knows if the borrowed money was used to gamble, and in the end he lost because he was an addict.
The addict will only gamble until it runs out and end up losing because there is no control and a definite goal, he is just wasting money.

He had a loan to repay, but he couldn't pay a penny.
This is an estrangement between his friends, and until now the debt has not been paid off.

This is OP's cautionary post. Many people might do something like this by mistake which he realizes and for this he created the thread so that no one else does such a thing. If gambling with his own money there is profit or loss on his own but when one conducts gambling with borrowed money he himself incurs debt as well as the effect on the nearest others. Loans are usually taken for investment purposes but if one dares to gamble with borrowed money, he is sure to be in debt. Many may have different reasons. Many people may have money but can't manage it at the right time but instead if they have a reliable income to pay that money and can take a loan. However, if an addicted gambler conducts gambling on borrowed money in the same way one gambles with borrowed money, there is a high chance of losing.

The cycle of a gambler never ends, and as you guys mentioned, borrowing money to gamble can put a person in a debt cycle since losses can mount up and become impossible to recover. We can't stop them from their habits until we refuse to lend them money ourselves; perhaps that's the best way to help them feel better and consider what it is they're doing that we find inappropriate.
Additionally, it can strain relationships. For example, if a gambler borrows money from friends or family without disclosing to them that it was used for a potentially harmful habit, those people may feel deceived or frustrated.
Some individuals may struggle with trust issues related to a habitually dependent gambler, which makes it more difficult for others to accept payback pledges.  I mean those gamblers, they are the ones who will cause issues for themselves, therefore they really require some advice from experts.

Nice advise, it's something bad to see someone going that length in taking a loan all because of gambling, the problem and what is at stake is not about taking the loan this time, but what the loan is being used for, some people will just see problem sitting down on it's own and they will prefer waking it to their own cause, this is how many get themselves into troubles when they engage in doing something beyond they could afford to cope with.

You shouldn't gamble what you cant afford to lose. It stinks but is a good lesson to learn, so hopefully you don't make the same mistake twice.

Thanks for bringing this up OP, tbh the problem most of us think gambling is easy when that's far from the truth, and to make matters worse gambling using debt money puts pressure on you and you don't get to play freely which makes it a whole recipe for disaster!!!

If you have to gamble, gamble with money that will let you play with a free mind and no pressure on your shoulders and don't mind losing should it not go your way...let debt money  go to doing  some constructive stuff, end of story..

Happens to many, just hope you got yourself out of this debt trap mate

Gamblers who are addicted won't really be contented when they have already won. It will just make them crave for more because they aren't satisfied with one time winning and is aiming for a consecutive win regardless how risky it may be. Additionally, if they have a debt to pay, it will make them think that the winning prize they have isn't enough. It will just become a small amount after they have paid what they just borrowed so it will make them chase winnings to fulfill the amount they really desire and to cover their other expenses. They won't care much whether they will stake more. Which will make their funds at risk. So instead of taking home some winnings, some even ended up having nothing or additional debt on their name.

To be honest, I have also been in your situation but not as bad as you, because I didn't borrow money to gamble, I spent all my savings and at that time I was really frustrated

A gambler who tries more to recover the loses he may lose more in gambling. When a gambler loses all his money he will want to take a loan to recover that money. In gambling a tendency I find among gamblers that is when gamblers win gambling with borrowed money they try to recover more with that borrowed money instead of paying. Later when he lost he regretted that he would have been better if he paid the borrowed money. I loaned money to a gambler I knew who treated me like this and after getting the experience I vowed never to lend money to gamblers.

Gambling is not what will trigger someone to go debt if really the gambler is a calculative gambler in normal sense we are not supposed to put ourselves into debts because of gambling, because gambling will continue to move on whereas you will be at one corner to make sure you have repay all your debts, that is while I do emphasise much in someone having statistics of its gambling yearly or annually, theirs some certain that we need to understand concerning gambling when you think that you will win gambling is not the right time you can win gambling.

The loan to the gamblers in two ways,one is the gambler get the money to play the gambling game after the loss.To recover the loss from the gambling site,the gambler will try to short the loss using the loan money.Second loan is like to manage the loss in the gambling site,in this the gamblers may use the important money in the gambling site.To manage the important expenses the gamblers will take the loan from their close friends to manage the loss.At the last the gamblers may get into the loan after the loss in the gambling site.So he need to pay the loan,if they loss money in the game of recovering their loss in gambling site.

A gambler in debt doesn't have a complete fun after winning, because he'd feel he'd have to refund the won money back to the person he's owing. Along the line, he'd be getting different thoughts on what to do with the money, whether to gamble some more or just clear his debt. Paying back leaves the player broke again, hence he'd definitely gamble again to recover enough money to clear his debt and have remaining money. If the outcome doesn't equate the amount the gambler is looking to gain, he's most likely going to borrow some money again to meet his goals, while in debt. All the trouble he'd go through, can make the player depressed in the process, as he wouldn't understand what's actually happening with him. Most people who gambled with borrowed money didn't earn enough winnings to repay their debt.

Even if we advice them to don't take gambling seriously, there's an instances that they will not follow this advices of us because they are busy doing gambling and they have experienced winning so one of the things they expect in gambling is winning and gaining profit. we really don't know what will gambling affect people's mindset because sometimes even the most serious and responsible person became addicted in gambling.

I value you sharing your own story of becoming addicted to gambling. Extreme gambling can lead to a lot of problems, and this is a stark warning of both. I agree with your advice that people shouldn't take gambling too seriously and should never use a loan to bet. Be careful when you gamble, and know your limits to avoid losing money or your relationship. By being honest, you've given others an important lesson in how to gamble responsibly. It's great that you want to raise knowledge about the risks, and I hope your situation gets better over time.

Gambling and Casino is always a risky investment especially in Gambling and Casino there is no guarantee as to how, when and how much the profits/losses will come. So caution must be taken when investing in Gambling or Casino. All other investments must be secured by a loan or bank. If you take a loan from a business or invest in real estate, there is a possibility of repaying that loan at some point, but if you invest in gambling or casino, there is no way to repay that money if you lose one time. In this case, there is no other option but to go bankrupt and all assets will be forfeited to the source from which the loan was taken.

wise experiences do not always come from ourselves, but we can also take them from other people's experiences as you said.
In this case, it has happened frequently since the past and even now, one of the members of this forum still borrows money to gamble and in fact the risk is very big of losing money and still having to return the money previously borrowed.

loan money to gamble is one of the beginnings of destroying the future because if a gambler takes a loan from someone else to gamble while gambling does not guarantee a win, the money will definitely be lost and when he loses, the gambler has to return the money and has to look for another loan from someone else. a larger amount to pay off the loan and the rest to catch up on losses and this will continue to happen until his future is ruined.
the conclusion, as written in the title of this thread, is that if you want to be a healthy gambler, it would be better if you avoid borrowing money to gamble.