Topic: Do not gamble with Loan Money~otherwise you will be in danger like me - page 26. (Read 4955 times)

Yes, it's a good idea for us to look for additional income to fulfill our desire to gamble so that no one feels disadvantaged because of the gambling activities we do, especially our family. I think the OP is too reckless by borrowing a lot of money from the bank and dedicating that money to gambling, that is a very risky thing because there is absolutely no guarantee that we will win at gambling.

If the loan is small it may not be a problem, such as if we participate in a signature campaign and borrow money to gamble because we can pay from the salary of the signature campaign that we participate in.

Sometimes,  those gamblers who are fun of taking loans to gamble with are not mostly in losses or trying to chase after their losses,  but almost their greedy and have overconfidence and the ability to make winnings at all times.

I wonder how they have forgotten about the sad reality of gambling which is that,  gambling is an unpredictable event and at that, its outcome can't be predicted,  but we are always learning not to take gambling as a means of making ends meet so for that we have to avoid taking loans just to gamble with and expecting to win and being able to pay back that loan through the winning.

This is the problem with most of the people who have financial problems. The early wins have given little hope of making money out of gambling, and thats where he went for bigger money spending. The addiction have led him go for a loan. Just think of a situation in which OP have recovered the losses. Will he be stopping soon after that, No, his gambling continues. This is common and myself have experienced it. Whether it is $20 or something big, play with your own money. When you don't have wait for the time. Earn additional money apart from money required for family and spend it. This will not hurt us and the family.

Its simple to understand for people that if they don't have enough money to spend and the currently amount they have is the one they can't afford to lose then don't gamble. Also never go in situation where you can't also afford to happen like borrowing money for the sake of gambling since we all know what will be the end point of this and all people do that got broke.

Much better if he find other thing to earn since for now gambling is nor for this type of people.

I don't also suggest to find a gambling free apps to play since it will trigger more their eagerness to gamble especially if they that they are winning to much on free apps and might they think about applying it on real time gambling and might turn worse since as we know the result on free and real is really different.

That person will be indebt for his life time and the only way to him is to report him to the management to seize his salary for some months and when the salary will be released, they have to warned him very well not to gamble again and if he is found gambling again then he will be fire from the work. And with that fear he would stop gambling. And if not, nothing will remain for him to take home and feed his family and before the end of the month, he will ow enough debt and he can use it salary to do good things. A reasonable gambler always knows what to do and does not attract with huge stake and big win. He is contented with what he win and go home.

A responsible gambler always look his pocket before staking and he does not stake more than his pocket.

It's the first thing that a gambler needs to do, to assess his financial status. If he doesn't have that much money, better to just find himself some other things to do where there's no need for him to spend money.

Find some gambling app games that he can download and just play there with play money. I know that it's not that much fun when there's no real money involved.

But looking to the status financially, that's a strong sense to be considered or else that gambler is going to borrow money just for him to gamble and it's going to be a continuous cycle that's hard to break.

Everything which is too much would be always bad, and this is something that you should put up into your brain always.  

Loan money should be used on something which is useful like in doing some business or investment but not totally or should definitely not on gambling because it would really be causing
up such trouble if you do make yourself that having no control when it comes to your spending. Do not gamble on the money which it isnt really yours or totally speaking about
loan money because it would really be putting you up on such great trouble on the time that you cant really be able to make yourself that having such control
which it would really be that crucial most of the time.

Those who can allocate money from their income for some kind of personal entertainment can do so without compromising their budget if it gives them pleasure. But if your salary is only enough for the essentials, then spending it on gambling is reckless, especially if you are responsible for your family.

An even greater danger is taking on debt for gambling. I know a case where a family had to sell their home, to pay off debts due to gambling. This happened because the player had the opportunity to play in debt.

Even taking a loan for an investment is a really bad idea as this is nothing more than another form of leverage, and using leverage when you trade is an incredibly risky thing to do, however it is true that asking for a loan to gamble is even worse, as even if I like to gamble, I also know that over the long term I have no chance of winning, which is why I only use a small amount of money to do this, so anyone asking for a loan to gamble is being incredibly irresponsible.

Rehabilitation or something that do connects or talks about those kind of treatment or professional help wont really something necessary or i should say that this is really that only good for your last resort because
spending up with those prof fees would never be worth if the patient or that addict will really be not willing to quit up gambling for good on which basically means or shows that it would really be that pointless on making up such step or option. This is why it would really be always that recommended that it is really better that self acceptance and realizations because once you do able to make yourself
do able to mind those things then addiction could be easily quit up.

On the talks about taking or spending up some loan money for the sake of gambling? It is really just that suicide. As much as possible it would really be always recommended that you shouldn't really be taking
this step because paying up some loans does really have those long terms or months need to be paid but the fact that those monthly amort for repaying would be taking
months but spending those loan money is really just that almost instant. lol

They really need a help support and thorough rehabilitation to bring them back on track. It can be considerable and understandable should an individual take a loan to support an investment especially like bitcoin even though it's not advisable but taking loan for gambling is out of context and a pure exhibition of gambling addiction. The only break necessary for such gamblers is rehabilitation from specialists and support from family and friends to help them regain their self control and be able to always consider the consequences of any action they want to take before going ahead, because it seems gambling addicts careless about consequences that may arise from their actions.

It is unfortunate but an uncontrollable urge that some gamblers fall into. One of the major reason for taking loan in gambling is where the gambler has lost out but he is trying to come back into the game. This is the real factor that causes it. Ordinarily, gamblers don't begin their game with loan but they are forced to do that because of the losses that they begin to chase in the middle of the game. I have seen seen many like that in offline gambling places that ended up dropping their iPhones and android phones to come back at a later day to retrieve their phones when they pay up their debts. So loses can make a gambler without control to take loan and at the end they end up not having back the loses they were chasing. Gamblers need to learn to let go when it doesn't go their way.

You are right because most gamblers are risk takers and no matter how much they lose they will keep on gambling, however I no of someone who lost all his properties because of gambling, he went to bank to get a loan of 10 million of our local currency with the agreement of paying back the money in 3 months time, and drop his property that worth more than 14 million of our local currency and that if he fails to return the money on the agreed months that the bank should take the property, so he collected the money and started using it for gambling and lost all the money through gambling and when the loan was due he could not pay because he had no money to repay so the bank had to sell the property.

So just like you said is not an ideal to borrow money for gambling because the chances of wining is not certain so people should seriously avoid it and perhaps only gamble with the little they no will not affect them if they lose.

I used to know (in a short period of time) you as a person who thinks well, writes well, and understands well. I can't imagine how did you take such decision to continue gamble with such amount which is something significant where we live. Didn't you see the quote anywhere that says do not gamble with an amount that you cannot afford to lose?

I guess this is one of the famous quotes in the gambling industry. But, whatever is done is done. You cannot roll it back. You should learn from the mistake and promise yourself that you won't repeat it. I hope you will manage everthing well again.

You don't need to ask why OP did it, it's obvious that OP got addicted to gambling, I mean that's the only option as to why OP got in this pickle, no way that a healthy person could get to this level of depravity in gambling. I think OP gets the consequences of his/her actions, pretty sure that this is a cautionary tale to what gambling addiction does to someone financially, mentally and physically.

Some people are receiving a very small amount as a salary, which sometimes is not even enough to fill their budget for that month, and if such a person happens to be a gambler, using 20% of their salary to gamble means the person might just quickly land financial stress because they receive their salary again for the current month. There are also some that receive a huge amount as a salary, and when they remove up to 20% to gamble with, they will not be affected. A responsible gambler always knows his budget and should only gamble with the amount that will not make them regret their decision.

Of course, but then the best advice would be to do the analysis he provided here before he makes the decision to go for that gamble. If he knows that he is literally risking two years of financial well-being for his family, how the hell would someone draw the conclusion to place that bet or gamble with that money? That is where he should slowed down and take some time before taking action. I don't know if he was sober because that is often the state of mind that leads you to making absolutely fucked up decisions, but still as soon as someone risks not only their own financial well-being, but that of others and the family, that's when to pull the trigger to stop.

In fact, if you want to gamble with the aim of fun, it is still dangerous as you said because obviously you can get carried away unconsciously, well, let alone gambling with the aim of earning, it's the same as agreeing with all the bad effects that will befall you. But on the other hand it is quite difficult to be able to bring the right mindset and common sense or the intention of gambling with what is recommended such as entertainment, several factors influence so that they gamble with the aim of earning, one of which is like a low economic situation that is very likely to make them make gambling a place to earn income, especially if they always hear some victories achieved by others that can trigger them to become more enthusiastic.

Yes that is true, we should divert the 10% of funds for gambling to other things like what you said saving it or saving it because it is better, I understand that it is the best choice but the problem is that it is not that easy to make a decision like you suggest unanimously, because we or they are quite active gamblers so it is quite difficult to be able to stop completely in a short time, as I experienced, I could not completely stop but by always trying to reduce the percentage of money that wanted to be allocated to gambling it made me lose interest slowly, that's what I mean and my goal.

That is the biggest mistake that can be made by any gambler is to go and borrow money for gambling, If I have a job with some steady income I would only gamble with just 1% of my monthly income just to earn extra income, I won't embark on a gambling streaks that would prompted me to go bankrupt, the issue of the OP is a pure case of an addicted gambler and I commend him for sharing his sad experience as a consequence of being an addicted gambler his example would enable a lot of intending gamblers to take of note of the consequences of being addicted to gambling and how it can ruin our finances.

Gambling on credit is never a good decision for a gambler, a professional gambler would never do such a thing, gambling on credit is at your own risk. When we gamble with debt, there will be many tensions in our mind about how we will repay this debt or we must make a profit by gambling. When there are multiple tensions in the head, we cannot take the right decision even if we want to. Any decision should be taken with a cool head but if we gamble with loans then we will never have a cool head which will never take the right decision. Borrowing money in an uncertain place is foolish, how we think of gambling with loans where all money can vanish in seconds.