Topic: Do not gamble with Loan Money~otherwise you will be in danger like me - page 27. (Read 5009 times)

However, borrowing money to use for gambling will be riskier, especially if we don't have a steady income that can cover the losses we incur from gambling. We will not be able to pay the loan money and we will definitely be in serious trouble, especially if we are constantly being chased to return the loan money. If they decide to borrow while they don't have good responsibility in gambling, they will have difficulty paying back the money because in gambling, we don't know when we will win but we will probably lose more often. This thread advises all of us not to gamble using borrowed money, especially when we have used up a lot of savings that we actually prepared for the future. Those who want to borrow money just to gamble should think twice about their plans. They can plan what they will do with the borrowed money and use it for gambling. But they also have to pay attention that in gambling, they may not always win but may lose a lot of money. If they can realize this, they should not need to borrow money to gamble but instead use their own money by trying to allocate funds for gambling and try to be responsible with the funds that will be used for gambling.

i'm sorry about what you're experiencing now, i hope your problem will be resolved quickly. but from your experience we can learn that gambling with debt is not very good. a gambler must avoid debt for their gambling because gambling is something that is risky and if they make one wrong move, they will fall into a debt trap.

and again, a gambler must also be able to control their greed because that is what most often leads a gambler down. when they cannot control their greed, what happens is that they make bad decisions and in the end they will regret having done that.

your experience has become an example for me and everyone here that going into debt for gambling and not being able to control yourself will lead you down. thank you for sharing this valuable experience, i hope you can be strong.

That's human nature, when you win, you want to get a bigger win, but when you lose, you are very obsessed with wanting to get back the money you just spent in gambling games. As much as possible, you should avoid gambling using borrowed money. Loan money must be repaid for whatever reason, especially since there is an interest charge on the loan.

You will suffer three losses if you fail to win when gambling using borrowed money. Firstly, losing a bet causes the money to run out, secondly you have to pay off the loan and thirdly you have to pay the interest according to the initial agreement when taking out the loan. Be a responsible gambler, don't force yourself to gamble too much if you don't have money ready to lose because there will be a big risk faced if you lose in gambling.

Many people gamble by forcing it without looking at their limited financial situation. With their limited financial situation but they are already addicted to gambling so they will do anything to make money, but what they do is mostly wrong, because they are not working. They do anything to make money so they can gamble again but harming others also invites problems that have a big risk. such as, Borrowing money, there are some people who make loans to their friends or family members by force and there can even be violence because of borrowing money, and making online loans where this will bring problems in the future that can involve more than 1 person.
It would be nice to gamble with our own money and if there is no money it is better to just hold it, or vent it on other things that can avoid gambling activities.

It's only an irresponsible gambler that will go ahead in taking money for loan to gamble with it when they don't have any sure means of returning it back, we should gamble when we are free on our leisure time and also have some money at hand for that purpose, it's not a good idea to use loan fun for gambling, we can rather look for other means like earningfrom what we do or can do and not what will make others loss their interest on us.

We must avoid loans for gambling needs, never apply for a bank loan or online loan which determines high interest and is not worth it if you don't need emergency funds, gambling using borrowed funds is not recommended because the risk is very high. You are not guaranteed to make a profit and you will be trapped in a loan with increasingly higher interest rates.

You should gamble according to your financial limits, gambling for entertainment does not require high funds and you will not worry if you lose at gambling because it will not impact your finances.

In your story I see greediness and not really addiction. Gambling addiction is the process which a gambler is perpetually gambling in the casino hall or the site. There are time he would win, then he would take it home and spend it all and come back again but whereby a gambler who won a game and is not satisfied with the winning and used the winning to gamble to win bigger amount of money is no longer only an addicted gambler but a greedy gambler. As for me I like addicted gamblers more than greedy gamblers because addicted gamblers because addicted gamblers give gift to friends and whenever they win bet but greedy gamblers because their greediness they wouldn't give there friends any thing. We have been saying this for many times but gamblers refused to listen because of their big eyes (greediness) in games. Taking loan to invest and to gamble is for the owners risk. It might even take away once life by committing suicide because of the loan. Therefore avoid it with all alacrity. It will make you from Grace to Grass. Op has experienced it so he is warning you now.

Given out loan is just another way of making money, how? There are a lot of companies that offers loans such as banks and government but truth be told, those are their business, although, it is risky but let me say as there are risk in other business and investment, so there is also risk in loan businesses.
However, I can't take a loan just to gamble because I will put my self into trouble, loans money are meant to solve some urgent bills and not to have fun, as there are high interest in loans, I can not advise someone to collect loans just for the sake of gamble.
Using loan money will put one into danger just like the Op so gamblers should avoid it and gamble only with their own money, at the same time gamble with what they can afford to lose.

Why should you take a loan just to gamble with,  thos is a bad approchysince this can lead you into debt that may become hard for you to repay,  even as you said you took the loan from the bank,  most time banks loans come with a lot of interest and now that you have lost the money,  how then will you pay back the money,  this is the reason why we always advise against gambling addictions.

Because if you have been an experienced gambler,  you should have known that loans are no good area for gambling and also,  you should not chase after your losses just like in this case.

To be honest, I never took out a loan to fulfill my passion for gambling. btw, what I said is for now. In the past, I didn't borrow money, but rather pawned what I had. There are many examples, such as watches that have good prices, cars, property and so on. at crypto casinos, I am safe and not involved with anything related to loans for gambling. but whatever the concept, whether borrowing or pawning, it is not just the debt that we have to pay off and it is not just the goods that we redeem. However, there is interest that we must pay instead. So, there's no difference anyway. The point is, we have to resolve it with a valid and mutually agreed agreement.

And referring to what you said, we agree with that. Believe it or not, we will be burdened by what we have done. if we are unlucky, we have to pay it quickly. but it will also be a burden, and even add to other problems that we have to solve. and what the OP said is in this thread, is a fact that gamblers often experience. In fact, I applaud OP for pointing out her own mistake. In essence, I will say something that is no different from what you said. it's better to play with a small bankroll, rather than borrowing money that ends up causing problems. it is better to remain silent without forcing, if we do not have the funds to carry out a gambling session. At least, we will avoid problems that should not have happened or that we could have prevented.

I agree with this.

Interest will keep on piling up if you borrowed it from a loan shark or a loan app. They offer high interest rates which will make it hard for you to pay it in full immediately. So you should really think twice and be wise when it comes to money matters. If you do not really need money for urgent concerns, I suggest to avoid borrowing money, especially if you will just use it as your fund in gambling. If you are thinking that you could double that and then pay later on, sorry to burst your bubble, but winning in gambling isn't guaranteed. If worse comes to worst, you'll have a hard time paying back the money you used in betting which could place you in a tough time since it will have high overall amount due to interest per day/month.

Borrowing money is an experience, for inexperienced gamblers, to grow and understand the risk involved in gambling. Not every gambler prefer staking games with their own money and stopping when the money is gone. They'll try some more with borrowed money. If you remember a thread where a forum member wants to set up a lending service for gamblers. You'd notice how huge the number of gamblers that borrow to finance their gambling habit would be. Thereby leading them to depression and addictions. And from the survey, in the forum, many members responded that they'll never crowdfund an irresponsible gambler. Hence, putting the gamblers in a more severe pains, since their family won't stand for them in times of trouble or despair. It's quite a difficult time for OP and his family may not know about this, as he'd sound like a clown to them. This thread wouldn't sound like a warning, but a piece of advise for other newbies, not to be carried away by the effects of winning big in gambling, chasing loses or being too excited over a particular game that we spend more than we should, to catch up with the trills. Gamblers must control the way they spend money in gambling, everyone has other priorities or utilities that requires money, not just gambling.

And it's not just about the money to be repaid as a loan will also have interest piling up for as long as they keep delaying the repayment date. One can only be safe from interest on borrowed money if they have borrowed it from someone they know and asked them to repay the same amount after a certain period without paying any interest and they might have agreed for the sake of friendship or relationship they have, but if that isn't the case, the person will have to pay way more than they have borrowed.

That's why, a person should never think that they will borrow some money and then use that money to win a lot of money from gambling and then repay the loan with that money because that isn't going to happen and only the most luckiest people can be able to make things like that possible for themselves.

I have only played crash for fun. Or at least try to only do it for fun. Because of that reason I only wager small amounts in crash, with a maximum wager of 1$ at the same time.
Since crash is the kind of game which allows one to see the wager of others, sometimes I get impressed how much others are willing to wager at the same time, thousands at the same time.
By the way, perhaps if you managed to learn when to stop, you could have more successful sessions and even withdraw some profit.
Crash is not the the ideal game for someone who can suffer some anxiety like me, hence why I have tried to stick to low paced experiences, like blackjack.

I once gambled with money from borrowing, but I still have more calculations when borrowing, namely how much I can afford to pay it immediately because of course from a loan that at least requires interest that must be paid which if not repaid immediately can even make our debt even bigger, but I only did it once and it was still limited by my ability to pay the debt.
Unfortunately for you, losses before making a loan do not stop you but continue again and that is often a problem for gamblers, always trying to recover what they have lost, even though it is quite impossible to achieve, in fact, it would be better to forget and if you return to playing, just do it normally and with money that you can afford to lose.

It is even risky to take loans to start or invest in a business because we cannot predict how the business will turn out even when we have a well-written plan. Now taking loans to gamble is just highly level of risk-taking because you are putting the money into one of the most of inconsistent sectors. Although my only crypto investment is Bitcoin, it will make more sense to invest a loan on altcoins than to put it into gambling. Altcoins have some level of risk but gambling has a higher risk.

Some of the people that use loans for gambling needs help. Most is them cannot control thier gambling activities because they are already addicted. They have no guarantee that using loans for gambling will turn out well but the problem is that they have lost control of themselves. Such people might need to take a break from gambling and return back after some rehabilitation processes.

20% is still a lot of money but it's okay if it comes from their salary and not through a loan. I only use 5 percent of my salary and I am actually just trying to win the jackpot so most of the time it's a loss for me. But, the good part is I don't hate myself too much after losing all that money. Regrets are not there also because I enjoyed playing my favorite games especially Plinko which is so satisfying to watch while the Olinko balls are going down. Well, there are times I get lucky and increase my balance, when that happens I don't try to be brave and increase my bets but I do the same amount so that it will last longer.
Loans will make us regret gambling, I don't think it is wise to use them for that purpose. It should just be for emergencies or accidents. Well, I don't even have a bank account so I think I am safe with that kind of problem. I guess that's also one of the reasons why I don't like making an account and the other is they are just like piggy banks who won't even give you an interest that would make you save more.

They take out a loan to go back to gambling just for the stupid purpose of recovering the losses they've incurred. That's not a good reason to take out a loan, it's a nonsense reason. Maybe they're doing it because they've lost their minds, so they believe borrowing will help them recover their losses. But they don't think about what will happen if they can't repay the debt, not only maybe but there will also be many problems that they will feel and have to face, there is no way they can avoid the problems they invited at the beginning.
also will invite high risk, instead of spending hours to gamble it is better to call family or friends to fill spare time. to avoid high risk situations they can do various techniques, such as.

1.Stay away from online casinos and gambling sites
2.Turn off your credit cards
3.Don't take out loans
4.Never carry large amounts of cash
5.Delete gambling apps from your phone
6.Don't socialize with friends who gamble
7.Avoid people, places and activities that you associate with gambling.

Gambling is not wrong if they can interpret it as entertainment, but most people misinterpret gambling to make them addicted to gambling.

You can't really blame them and know what they exactly if you've never been in that situation so I don't think that it's safe to say that it's an obnoxious feeling, a little sympathy goes a long way or maybe put your feet in their shoes, it's easy for us to say that we shouldn't gamble or even be able to control when we are going to stop gambling but the problem with that we are an outsider to the experience so it's easy for us to think that what they just did is easy because we got the benefit of a hindsight. Gambling isn't the culprit in all of this, they are an entertainment provider and although they have a responsibility to take care of their customers and preventing them from becoming addicted, they really can't just outright stop them from gambling for lifestyle purposes because they're still a gambling business and they love and exploit people that are spending and losing a lot of money in their business.

That's why we have to realize that borrowing from anyone to gamble is the wrong decision and we should avoid it because of the risk factor of loss that we can experience when gambling. We should take risks with our own money rather than use money from other people because, with our own money, if the money runs out, we are not responsible for returning the money. But we shouldn't need to use the money to gamble, let alone spend all the money we have. We will only have difficulty paying back the money we borrow if we decide to borrow money from other people. And it is true what you say that gambling is just for fun and not to earn money because that is a difficult thing to do.