Do not gamble with Loan Money~otherwise you will be in danger like me - page 37.

bettercrypto

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Quote from: LesterD on November 28, 2023, 08:32:17 AM

That's why it is not really advisable to use loan money in gambling. The risk is too high and you will face consequences if you lose the money on your bet, you will end up having a deep problem that can take a few months or even a few years for you to clear. You've been here in this forum for quite some time, you should practice the advice you read when it comes to gambling addiction.

Sometimes I wonder why there are gamblers who, even though they know it is wrong to borrow money that will only be used for gambling, still continue. They are so willing to do something that is a blow to the moon. If we look at it, it's a gamble when he uses the loan, but he still gambled on the decision he made.

As a matter of fact, if he knows how to pay the debt, there is no problem; maybe in the eyes of others, his way is just wrong, but to the person who borrowed money to gamble for him, it is right; that's the only thing that seems to be seen. That's my logic. But still, I don't agree with that.

Lida93

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Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

If you do, your situation may be similar to mine. so beware of gambling

We are aware of gambling it's you that wasn't aware by abusing it and any abuse of gambling normally met with a drastic regrettable end. Sorry to say this but is good you had to learn the hard way for if you were advised against you wouldn't have taken the advise seriously.

It was all greed plus lack of self control to gambling that made you take loan not only once but twice just to finance your gambling desire. People are frequently advised in the forum not to take loan to invest as a result of the risk involved how much more gambling that's damn based on luck. There are actions in this life that should never be done, and this is one of many.

stomachgrowls

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Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

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I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you. Don't make the same mistake I did. And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

Any actions made whether good or bad would really be having that kind of outcome. If you do make yourself took some loan or mismanage your fund into gambling then expect that bad things will happen along the way.
We dont really mind that much about spending money when its still there, due to those bad or non realistic goals or thinking about with gambling and trying to chase up losses will really be causing that kind of desperation on which it would be causing for you to play even more or would be pushing you until the very last drop of your money. Taking up loan in the bank does really have the small interest on which you wouldnt be
caring that much when it comes to repaying it because you are really that confident that you could be able to do so but on the time that due date comes and you have lost it all in gambling
then this is where problem do starts.

Making bad decisions will really be ending up with bad consequences and this is something that you should have bare in mind on the time that you do gamble.
People would usually be forgetting these things while they are still on good shape but if they do see that they are on that tough situation then this is where
they do make realizations.

qwertyup23

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Quote from: Oshosondy on November 28, 2023, 03:16:20 AM

Gambling with loan should be avoided. But not only that, also gambling with the amount of money that you can not afford to lose should be avoided. The reason I said this is because despite it is not advisable for gamblers to gamble with the amount they can not afford to lose, if they do, they are more likely to lose the money in their bank or wallet address and what they will look to is to get a loan if possible, so that they can continue to gamble. What will also still happen is that they will lose.

Imagine, you are doubling your risk if you ask for a loan and use it for your gambling activities.

Having a loan/debt itself is risky- sometimes it may be beneficial if you use it for a purpose that can potentially help your business grow. But if you are using a loaned money for a risky venture such as gambling, then you are doubling the risks that you may face. Not only is there the possibility of you losing your loaned money, but there is also that possibility that you may overextend your said budget.

OP is the living example of this nightmare. That is why, gamble responsibility everyone.

uchegod-21

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Quote from: benalexis12 on November 28, 2023, 07:17:56 AM

That is the biggest mistake a gambler will make: that the money to gamble with comes from debt. Most of the gamblers who did that did not become successful, maybe even more in debt because the loan was probably used up immediately after losing.

Maybe there are still people doing that, and maybe not all of the loans were used for gambling, but overall, this style remains a bad habit. This shouldn't be a good habit for the gamblers here.

Sometimes I wonder where people who borrow to gamble get their motivation from. What exactly makes them believe 100% that they will play the game, win and pay back what they borrowed. Winnings only happen by chance and one need to be careful of the kinds of decisions they make while gambling as these decisions are capable of ruining them for a very long time.

Quote from: CryptSafe on November 28, 2023, 08:44:00 AM

How come you could make such a mistake even after being active here preaching against addiction. It's a pity though that you would have to go through this as a result of the loan you took for gambling and it turns out south for you.

As easy and simple as it may seem, not many are matured enough to stick to what they preach. One might become so overconfident in what they can and cannot do and become carried away in the process believing that they can manage themselves, only to get disappointed when things get messy. No one is above mistakes, that is why we have to be conscious at all times because anything can happen at anytime.

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Quote from: ultrloa on November 28, 2023, 08:54:35 AM

Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you. Don't make the same mistake I did. And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

Even if you experience a harsh realization about what you do on that casino still you manage to learn a lesson from what you experience. So maybe try to bounce back from that experience since nothing will happen if you get stress with the problem came. Right now its best for you to find multiple jobs on internet so that you can possibly make the payment process fast so you can get out of that huge debt. Also you better stay away from gambling since it could just add more to your problem.

Hopefully your story will serve as a lesson for other thinking that there's easy money in gambling or its a good idea to chase winnings or even your losses. That's why we should settle only the amount we can afford to lose an not to take any loan just for gambling reasons.

I was even perplexed by the heading of this post, because countless posts has been made herein advising against using money that one can't afford to lose to gamble with. This one speaks about even borrowing to gamble. That is, this one voluntarily borrowed just to put himself into more debt.
Gambling is a game of luck. Even huge winners know this and know rarely would you hear their stories start with them borrowing to gamble. It mostly starts with, 'iy was the last cash on me...'

Am sure the picture is clear now, the lessons have been taught the hard way and if our dear OP fails to course a plan right away to start paying off the debts, there might even be need for more lessons unend.

n00ber

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Quote from: piebeyb on November 28, 2023, 07:56:31 AM

That is a story that should be an example for people on this forum, thank you for sharing your story here because the lesson from this story certainly attracts the attention of all of us to play responsibly and wisely so that we don't get addicted to gambling, as you said, you have consciously make mistakes and casinos will never be wrong because they prepare games for entertainment but it seems like you are playing too seriously.

I know that it is difficult to recover losses, sometimes there are those who succeed and there are also those who fail, but those who succeed are definitely not many of those who fail, that's why never chase and recover losses, let alone losses in gambling, don't always bet all the money It is hoped that you will win, because in gambling there is always a risk of loss and defeat, I hope this will be a lesson for all of us to gamble with money that we are ready to lose and not try to borrow money to gamble.

In fact, this player is addicted to gambling. Perhaps they used up savings to gamble. And now they borrow money again. If they win, they will get back the money they lost before. But why don't they consider that they will lose that loan amount? They lose all their savings and owe more money, and the inevitable is that you have to pay more interest every month.
Anyhow, this player understood that they had no control over their gambling. Stop gambling for a while. Try to pay off all that loan so your mind can relax. Thank you for sharing this helpful information. We will be careful not to follow in your footsteps.

ultrloa

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Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you. Don't make the same mistake I did. And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

Even if you experience a harsh realization about what you do on that casino still you manage to learn a lesson from what you experience. So maybe try to bounce back from that experience since nothing will happen if you get stress with the problem came. Right now its best for you to find multiple jobs on internet so that you can possibly make the payment process fast so you can get out of that huge debt. Also you better stay away from gambling since it could just add more to your problem.

Hopefully your story will serve as a lesson for other thinking that there's easy money in gambling or its a good idea to chase winnings or even your losses. That's why we should settle only the amount we can afford to lose an not to take any loan just for gambling reasons.

Ultegra134

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Quote from: stadus on November 28, 2023, 08:36:54 AM

OP was even lucky he didn't end up being homeless.

As long as he still has the job, he can earn money to pay his debt and survive; it's just that he has to sacrifice a bit, as his income for his needs and wants will be reduced while he pays off his debts. But the world is not over for him; it's just one mistake that can be resolved in time. What's important is that the mistake will not happen again, as we never know, he might experience worse than what he is experiencing now.

Borrowing money is not advisable, especially if you can't control your emotions and you go all out.

I wouldn't call that lucky; not only did he basically spend every single dollar he had, but he also borrowed money in order to gamble even further. What else could he do? Sell his house and deposit that on Stake as well. I'm seeing that he's from Bangladesh, and unfortunately, salaries are quite low there; thus, I'm guessing that the OP used funds earned from signature campaigns. The mentality of "earning back" your losses rarely works and is an extremely risky move, especially with such an amount of money the OP borrowed.

I understand that he's only sharing his experience and doesn't need us to lecture him right now; he feels terrible already, but sometimes it's best to accept your losses and move on. Taking a loan to fill your gambling addiction was a very irresponsible thing to do, and I'm hoping that you at least learned your lesson and will not pursue to earn back your lost money in the near future.

Take care and try not to go downhill again.

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Quote from: LesterD on November 28, 2023, 08:32:17 AM

That's why it is not really advisable to use loan money in gambling. The risk is too high and you will face consequences if you lose the money on your bet, you will end up having a deep problem that can take a few months or even a few years for you to clear. You've been here in this forum for quite some time, you should practice the advice you read when it comes to gambling addiction.

This is exactly the same thing I referenced in my previous comment here, if this thread was coming from a forum newbie, I did for sure feel sympathy for him or her, and wish he or she had discovered this forum much earlier, maybe he or she wouldn't have made such a huge mistake as to borrowing such an amount of money solely for gambling, but it's unfortunate that this is coming from someone who have spent some time here and knows all that we always advice other gamblers not to do.

But anyways, it's like what some of us always say that some people will or may never learn until they have to learn the hard way, this is exactly the story of the op as it currently stands, And I hope no one have to make this same mistake again.

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Sad to know this, OP. But thanks for giving us your thoughts. I think most gamblers experience this atleast once in their life. Borrowing a big chunk to chase losses is where it really gets messy. Your story is a wakeup call for anyone thinking about hitting up the bank for a gambling fix. Hopefully, it's a reminder to others to mot roll the dice with money you don't have. It's a recipe for stress and setbacks, lets not hope to get there but cheers to getting back on track, OP!

CryptSafe

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How come you could make such a mistake even after being active here preaching against addiction. It's a pity though that you would have to go through this as a result of the loan you took for gambling and it turns out south for you. It would have been meaningful if the loan was used for other purposes like investment into Bitcoin or other investments worth it to generate revenue or profit on the long run. I could feel the pains you are going through now to have mortgaged your future income to repaying your loans together with interest for what you did not benefit or make profit from.

Indeed this is a lesson learnt in a hard way. Maybe you could have avoided this if you had controlled yourself and exercise some self-restraint from gambling and being addicted. This will teach other members here some lessons on how to gamble responsibly and have a budget for their gamble without going beyond their limits.

Avoid taking loans to gamble as it is not a guarantee that you could make profit or fortune from gambling. Gamble what you can afford to lose and gamble within your limit.

livingfree

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I hope that you will recover from this situation. It's a big lesson for you to never gamble with loan money because it's never been ideal to do so.

I have seen several stories that's the same as yours and that certainly have taught them a lot of lesson not just in finance but also in life. It's a huge mistake that you literally ask the bank to take a loan and then deposit it directly to your account to gamble.

Never borrow to gamble and always think when you're going to that part because we are still on our own, and we can trick our minds for this situation.

Dewi Aries

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Quote from: piebeyb on November 28, 2023, 07:56:31 AM

That is a story that should be an example for people on this forum, thank you for sharing your story here because the lesson from this story certainly attracts the attention of all of us to play responsibly and wisely so that we don't get addicted to gambling, as you said, you have consciously make mistakes and casinos will never be wrong because they prepare games for entertainment but it seems like you are playing too seriously.

I know that it is difficult to recover losses, sometimes there are those who succeed and there are also those who fail, but those who succeed are definitely not many of those who fail, that's why never chase and recover losses, let alone losses in gambling, don't always bet all the money It is hoped that you will win, because in gambling there is always a risk of loss and defeat, I hope this will be a lesson for all of us to gamble with money that we are ready to lose and not try to borrow money to gamble.

yes that's right, addicted gamblers should immediately realize what they are doing is wrong, especially if they have borrowed money for gambling capital I hope they can stop gambling which will make them feel addicted continuously, don't let their lives get into debt because for gambling this is not recommended. As much as possible if they really want to gamble they should use the remaining money or more money than they have, that way they will not borrow from others which of course this can harm others because most gamblers who borrow money for gambling find it difficult to return it or pay it off.
Borrowing money will only make them difficult in the future, with heavy addiction plus a lot of debt, it will make their lives not calm, where their daily lives will feel anxiety. because of the desire to gamble and also the debt that will haunt them every step of the way. So if they still want to gamble, please avoid this one thing.

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Quote from: LesterD on November 28, 2023, 08:32:17 AM

That's why it is not really advisable to use loan money in gambling. The risk is too high and you will face consequences if you lose the money on your bet, you will end up having a deep problem that can take a few months or even a few years for you to clear. You've been here in this forum for quite some time, you should practice the advice you read when it comes to gambling addiction.

OP was even lucky he didn't end up being homeless.

As long as he still has the job, he can earn money to pay his debt and survive; it's just that he has to sacrifice a bit, as his income for his needs and wants will be reduced while he pays off his debts. But the world is not over for him; it's just one mistake that can be resolved in time. What's important is that the mistake will not happen again, as we never know, he might experience worse than what he is experiencing now.

Borrowing money is not advisable, especially if you can't control your emotions and you go all out.

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Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

snip~~~~

Since I started gambling, the risk of taking out a loan has become a mandatory thing that I have to avoid, because gambling requires the use of money that is ready to be thrown away. Whatever the reason, you have taught a lesson to those out there who still feel safe borrowing money to gamble. Gamblers like this are very irresponsible about what they bet on. I mean he didn't dare take the risk alone and instead involved other people money to gamble. As a result, gambling disappears and debt becomes a bubble that continues to burden. My advice is that if you don't dare to take risks, don't ever gamble, that's the best solution rather than having to borrow money from other people.

Whether you realize it or not you have misunderstood gambling and lacked risk management. And the root of the problem is that you are addicted. For those who are addicted, it is clear that they will do anything just to be able to bet.

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That's why it is not really advisable to use loan money in gambling. The risk is too high and you will face consequences if you lose the money on your bet, you will end up having a deep problem that can take a few months or even a few years for you to clear. You've been here in this forum for quite some time, you should practice the advice you read when it comes to gambling addiction.

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Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com

This is evidence that even you who try to advise people about becoming addicted to gambling have to also take your own advice so that you do not become addicted to the very thing you preach against. Some of the people who you talked not to get addicted to gambling will laugh at you and mock you for becoming an addict yourself.

Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

And never decide to gamble with a loan.

Taking loans is not good generally because of the position it puts you when you want to pay back. It is unavoidable sometimes, but we should never take loans to gamble. Do not try to have fun with money that is not your own.

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Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

https://talkimg.com/images/2023/11/28/NCmNH.jpeg

I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you. Don't make the same mistake I did. And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

Using loan money for gambling is strongly discouraged due to the significant financial risks involved. When you borrow money it's typically intended for essential purposes such as for bills or emergencies. Don't use loan money for gambling it's risky. Gambling can lead you to losses and financial trouble. Use borrowed money responsibly for a stable financial future.

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Quote from: Z_MBFM on November 28, 2023, 03:02:35 AM

I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you. Don't make the same mistake I did. And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling

Youve started losing already I guess ideal if you set a boundary with your decision-making its already a large amount also questionable here is your bank doesn't have a limitation and get double with your large amount of transaction most likely they are now getting freeze account they detect a large amount of transaction, I guess seems your a regular gambler so the banks you've have doesn't make a limitation to your deposits and withdrawal, this could be a charge to experience in your side you can take back those money again but of course there's a regret seems like you have a decent job so you can easily earn that and do gambling as entertainment and not a use for source of income.

Topic: Do not gamble with Loan Money~otherwise you will be in danger like me - page 37. (Read 4608 times)