Topic: Do not gamble with Loan Money~otherwise you will be in danger like me - page 36. (Read 4977 times)

If you are in Nigerian, I believe you will not take such amount of loan because you just took roughly more than ₦2M in Naira currency and that's a lot that can even start a business instead of gambling. In short, having such amount of money ending in gambling is more like a foolish step because I don't understand why you will use such an amount but perhaps your currency is high value but even with that, $2k dolls will go a long way to help in doing much in ones life.

There is no point in regrets but I hope.you have learned your lessons, it's either you stop gambling and look for a way to pay back the loan and continue to look for good alternative to earn money, and make sure that you keep yourself busy everytime, so that next time you don't take loan to finance gambling, that's a wrong financial mistake you just did and your learn the hard way, but it's not the end of the world.

It's very wrong to take such as an option....I won't even condone gambling, talkmore of gambling away borrowed funds... What on earth would give someone the guts to gambling with borrowed funds? Okay.. I get; some people really regard gambling as a business to venture into, but that's wrong to think of.

---

first of all, don't gamble - if you must, then don't ever do it with people's funds... Have it that gambling isn't the surest way to double up and make profits.

Sandra 🧑‍🦰

What an experience for you OP.
That should give you a nightmare when you've taken a loan and then you lost it. I don't take usually loan for gambling but when I do, I think that I already have a sign. But good thing that I am still on the right way not to do it. Because if I do so, that's going to make me crazy and these money that we spend on gambling from loans are hard to recover.

You'll be in debt and the interest will keep growing until you can't pay it in full so there's the installment. And that part is the hardest honestly because you'll not be able to recover so fast until you take another loan to pay it and the cycle goes on. But I don't recommend to do that because it will put you to a harder cycle until you get used to it.

You have really learned a valuable lesson from gambling, and hopefully you won't do it again. You have to work very hard to be able to pay off your debts. This is a valuable lesson for all of us too. Don't let us be in a position like that experienced by @OP or our lives will fall apart, and it will be difficult to get up in a situation like that. @OP, you have to be able to rise from adversity. This is not the end of it because you can still try to have money to pay the debts. Don't leave debts to your family or those who will experience difficulties.

That's why we always repeat the phrase: only use the money you can afford. If you have experienced a losing streak, you should immediately stop and not remember your losses because it is useless. If you continue gambling, it will not return the money you lost. You will only increase the number of losses even greater.

To me it is very brave of him to actually share his story here instead of suffering in silence because of his losses, this is a very cautionary story to anyone who believes they can beat the system and chase losses without having to face further consequences.
You know, in this era of social Media it has become very common for everyone to get attracted to stories of success, to see people doing it big while gambling or in business, that we have become somewhat isolated from reality, and in reality there are more losses than wins, in the case of gambling. People will only share their success and repress their failures. The fact OP wanted to be an exception for the sake of others to learn is something we should appreciate. After all, I am sure there has been several people who have been in a similar situation and they do not dare to openly talk about it in this section of the forum.

It is not new because this is always the case when gamblers start to lose their money, they want to chase to recover but usually unlucky to recover. You are not the only one in such uncontrollable situation and two years is a very long time for you to get back to your finance but I wonder the bank that gave you such loan if you gave some collateral before having access to the loan.

This is unfortunate and it is not going end with you because more gamblers can't control themselves when they are losing. At such times all that comes to your mind is how to play and win back your money and it is sad the kind of story you have told.

The fact you open with "kept winning and losing" shows you've not broken out of the gambler mentality yet. You were losing all along, it was a steady decline downwards punctuated by little morsels of your own money paid back to you. You are the definition of a problem gambler and should cut this activity out of your life entirely, because you clearly have a lack of self control and are able to concoct all sorts of mental gymnastics which led to you pouring good money after bad. Many people would not gamble at all, fewer would stick around after losing $1700 - which is a massive amount in comparison to your self proclaimed earning potential and even less would double down on that horrendous situation to make it worse. I wish you luck digging yourself out of this position, but greed is what sunk you and it's hard to have sympathy for that.

We have the liberty to do whatever we like to do and getting loan from people around or bank to bet is something we should try at all. We might have seen it in movies how people get loan and bet with it and suddenly win bets and paid back the loan and continue with their lifestyles. This is not the case most time and we should not attempt to get loan for the sake of using it to bet. It is not easy for us to bet with money we know is not for us or money that we got from a source which we have to pay back as soon as possible. We need to be wise and take good decisions.

This is a very sad story and I pray that you can get help, whether it be financial help to pay off the loan or psychological help to help you get through this phase without having any trauma. Now something that I can't stop asking myself, how did the bank give you a loan so quickly and with that amount of money if you don't have the money to pay? Normally banks are very strict when it comes to granting loans to their customers, they ask for collateral and ask what the purpose of the money the customer is asking for is. so I suppose your bank asked you to show guarantee that you could pay, but even then banks take time to give the loan

Another point is that when you have a wife and the person is married, then the bank requires the presence of the wife on the day of signing the contract, so how did you take out a loan without your wife knowing? if you took out a loan without your wife knowing then you might be having an addiction to gambling and one day your wife finds out that you lied to her then this could lead to a big problem where your wife would leave you and if you have children, so they will go with your wife and you will be alone.. I advise you to seek treatment to see if you are not addicted and while participating in signature campaigns related to casinos then your addiction will not cure, I hope you take the time and do some tests As simple as not playing anything for many months, if you can't stop playing within 6 months, then you may have an addiction and you will need to see a doctor urgently before you destroy your life and your family even more.

It is not good to take a loan then if a person takes a gamble after taking a loan then he is taking the worst step of his life. Gambling is one of the most risky game and its outcome is uncertain, a successful gambler cannot tell what the outcome of this match might be, where this game is so uncertain and so risky how do we plan to take a loan and gamble. When our financial situation is very bad and we don't have enough money to meet our needs or when we are in a lot of danger and we don't have enough money to get out of that danger then we can take a loan under compulsion but there is no point in taking a loan for gambling. Gambling loans put you in danger If someone else is found taking a gambling loan, he may be in more danger than that, so we must refrain from doing this.

First of all, i'm sorry about the condition you are experiencing, indeed when we are passionate about gambling, we feel that the loan we are going to make will be easy for us to pay in the future, in fact that's not the case at all, we are even overwhelmed to pay it, in fact we have to lose with the loan money which means we have already lost twice as much.  Gambling responsibly is very easy to say, but difficult to carry out, so it requires a strong intention from within us to gamble carefully.  The importance of your finances is now normal, your experience is very inspiring so that beginners in gambling are careful so that they don't get caught in debt tricks for gambling capital.

We are human, not a robot and as the human being making mistakes is a normal part of life.
No need to judge the OP, we are not an angel either.

Things will be more complicated for you (OP) soon, yeah rough days ahead.
Forgive yourself, keep the faith and move on - it will be not instant but soon or later things will get better.

Jesus, man.
I am seriously feeling sorry for you... I cannot even imagine the emotional pain and helplessness you must the feeling because of those choices you took.
I sincerely hope you can recover from this and eventually you can quit that addiction.

I have personally played Blackjack on Stake, and I know what you mean when you say you got hooked up by it, it can be a very entertaining experience, but things like this one which happened to you are not supposed to ever happen.
Please, if you feel you are lossing control or your life, try to seek for help, professional help if possible.

And even though I know you must be ashamed of yourself, I really appreciate you took your time to warn us all (specially the newbies) about gambling with money we cannot afford to lose.

As sad as this is, it is the normal trajectory that has led most addicted gamblers into serious debt. Almost every gambler will tell you that their intention was to gamble with a certain amount but that after they lost in the game, they decided to start more so they can recover there lost money. The rest is ways store that torch he heart as most of them ed up losing more funds at the end of the day.

I had a friend that had part of his fist year school fees and went out to gamble it just to double the amount so it would be enough to pay his fees, he lost all the money he used and that caused him an extra year in school because he could not write his ecas because of this.

Gamble what you can afford to loose and when it's becoming an uncontrollable habit, learn how to quite.

Discipline will really be forgotten on the time that you emotion and mindset become one on trying out to beat the game or on the time that you are chasing up your losses or thinking about on how to breakeven.
This is where players do usually be ending up on messing up their heads and emotions because they would really be that in haste on how they will be getting those losses back. This is the primary reason on why they do lost
of track and will not be caring about other things once theyre on such condition. This is why gambling industry is really that a profitable business just because human beings are really that something like this
on which they are emotional and short tempered. We do know on how we do really put up importance when it comes to money so it is really that a normal thinking but the only mistake here is that
we do lost control.

Taking up some loan just to gamble? thats really just like putting up a gun into your head or simply its a suicide, unless if you are that lucky and able to win up big with that loan
money then it is really a sure profit, but if not? then you would be facing double trouble and this is where people do usually be ending up if they arent that not good
when it comes to decision making.

Never use borrowed money to gamble, and it is very risky because gambling is a game of chance which is clearly something that is very risky if you lose.
Because you still have to pay back your loan, especially in large amounts. It is best to gamble within your means without having to force yourself to earn money to gamble and gamble with money you can afford to lose.
And gambling with borrowed money is an addiction, because what is on your mind is how to continue gambling without thinking about paying it back, and that will make you stressed and even lead to suicide if you are not mentally strong. Cases like this have happened a lot and should be avoided, even if you have the ability to return the gambling results. But in reality this is not the case because gambling is about inconsistent winnings and also the risk of losing everything.

Apparently correct, you see I have believed that the op isn't discipline at all and at the same time trying his best to chase lose with greed, I include greed because the op haven't recoverd the more he's planning for but still he tries to win bigger..
Sometimes, in gamble I think people should just stay in a comfortable zoon by gambling with little and never in any means increase there stake.
Doing this 2 in a week will make one not easily become addicted to gamble, most time I gamble but I try as much as I can to control my gambling habits and never let it eat me up, if we gamble we our personal money that means we are staking with the amount that we can afford to lose but when we go extra miles by gambling with borrowed money, that means we are not gambling with the amount we can afford to lose.

Another hero has made another mistake. Seems all the thread we do post on and give advice everyday is cruise and not what we really practice, we say that and do otherwise. I don't think any person will sit down with good intentions and gamble with borrow funds. Unless it's emergency, I'm yet to see anything that will make me borrow money to gamble, not even to buy bitcoin, it's only emergency like health issues and unforseen circumstances that makes me borrowed money.

Another mistake that you made was that you shouldn't have taken another loan because under normal circumstances#m, you didn't recover your first bankroll, what is that guarantee that will make you have that money if you should deposit again, you have broken every basic rule of gambling brother.


Do you have another source of income before taking a loan? Why will you take a loan when you don't have a means, this is ridiculous. Well, you are into a paid signature campaign, you can be using the weekly payment to offset the long you took gradually until you get proper means to pay back and don't forget that the loan has an interest that might be compiling for you as the time expand.

It is never reliable to bet with borrowed money, it is something that always turns out very badly, which is why many borrow money because they have nothing else to get from and if they get into a debt where they possibly lose the money they lent, it is something that should not be It turns out to be very intelligent, because apart from what they lost they have to pay and possibly with a lot of high interest, I do not recommend doing that type of madness, for me it is crazy to lend money to play in a casino, that is my reality, I lend money to solve a problem that is out of my hands because I don't have enough money to solve and that would be done in a time of great tension and if I feel like the world is collapsing on me, but not to play in a casino.

To make investments, it may be that money can be lent because it is seen as an opportunity, buy bitcoin with borrowed money? Yes, I approve, because it is the easiest way to recover the money, perhaps not quickly but it can be paid little by little.

Give you a merit for the courage to share your bad experience to give warning for other sake here. I once experienced your situation that involved huge amount on gambling which only start with small amount at first then later become bigger bets due to chasing loss.

Th only difference was I recover all my losses through chasing it but I’m almost down to zero at certain point of my game. BTW you can always bounce back stronger by staying away on gambling so that you will never see the nightmare and focus on your job to repaid your loan. Loan sucks because it has interest so you use only money that you can afford to lose next you will gamble again.