Do you agree people barrow money for gambling? - page 21.

rz20

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Quote from: ajrah on October 05, 2015, 08:37:12 PM

If you are borrowing money because you want to gamble then that's addiction already. This person don't know when to stop. Your money should be your limit and if you don't have it then that's your Red light which means you need to stop. If you borrow money to gamble you have this feeling that you know you will win, but in fact, no one knows if you will win. so better don't borrow money for gambling. It should be your sign to stop gambling and go back if you have enough money again.

Yeah that is what happebñn, a person that request a loan for gambling won't stop playing until he has lost everything.

Foor too much he wins, he is going to continue gambling untul he losses.

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As long as I know that the borrower has the credibity to pay me then it's alright "but" I have factors to consider. One is I must know the borrower personally. One practice here in our country when it comes to lending money is by giving the ATM card of that borrower as a collateral. That ATM Card must be issued by their company at work. So every payday the lender withdraws the money (but not the whole amount that the borrower's lend). Sometimes 10% interest every month, so that is 5% every half of the month usually @ 15th and 30th of the month or depends on the payday.

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Quote from: sakira on October 06, 2015, 01:56:37 AM

really disagree. I think about the impact if you continue to borrow and you never win. whether you will continue to borrow until you win?

maybe you would sell your own home if you have too much debt to play gambling lol

Unfortunately that is exactly what happens with some people and they end up destroying their life and the life of their families if they have any.

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really disagree. I think about the impact if you continue to borrow and you never win. whether you will continue to borrow until you win?

maybe you would sell your own home if you have too much debt to play gambling lol

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Quote from: ajrah on October 05, 2015, 08:37:12 PM

If you are borrowing money because you want to gamble then that's addiction already. This person don't know when to stop. Your money should be your limit and if you don't have it then that's your Red light which means you need to stop. If you borrow money to gamble you have this feeling that you know you will win, but in fact, no one knows if you will win. so better don't borrow money for gambling. It should be your sign to stop gambling and go back if you have enough money again.

Nice logic and advice, i agree with this, that's why people who want to take a loan for gambling is should thinking again. In fact there are people who have borrowed some amount and they can't pay back because they lose then they don't know how to return their loan money.

The lender must research too if want to lend some amount, especially for who want to use for gamble, but this is
does not rule out the possibility if people do a loan for other reason(usually buy a VPS) to use for gamble.

ajrah

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If you are borrowing money because you want to gamble then that's addiction already. This person don't know when to stop. Your money should be your limit and if you don't have it then that's your Red light which means you need to stop. If you borrow money to gamble you have this feeling that you know you will win, but in fact, no one knows if you will win. so better don't borrow money for gambling. It should be your sign to stop gambling and go back if you have enough money again.

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Quote from: katerniko1 on October 05, 2015, 06:47:20 PM

well in some cases yes and in some not.
if someone is borrowing small amount which he is able to repay then yea but if someone wants to borrow 1-2btc then i would be strongly against.
regards.
-Katerniko1

I think it is completely wrong. What is the need of one to borrow money for gambling? Because every one know there is no guaranty of returns from gambling then why should any one take such a huge risk whether it is a small or big amount? Yes, gambling is good for fun and play with your own money in small quantity but not with borrowed money.

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well in some cases yes and in some not.
if someone is borrowing small amount which he is able to repay then yea but if someone wants to borrow 1-2btc then i would be strongly against.
regards.
-Katerniko1

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Quote from: wearepoor on October 05, 2015, 02:33:49 PM

I do agree with this that some people who are addicted towards gambling can borrow the money to play .They need money to gamble in order to recover the losses and keep going on in hope to hit just once and to cover the previous losses. If they realize that they can loose this borrowed money then they will never borrow. People who are providing money to such gamblers should refuse to lend the money.

It is true but most of these gamblers will not tell you truth while borrowing money so lenders should not lend with out any proper collateral

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Quote from: memii on October 05, 2015, 02:40:06 PM

I am not agree gambling with borrow money not for me better stop and put itself in more bad condition.

Agreed with you, this is really a bad idea to borrow money that too for gambling. Many people are doing this without thinking about the consequences and getting their life in financial problem. There are always 99 % chances to loose whatever amount you have gambled so its always better to stop playing rather than borrowing more money for gambling.

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I am not agree gambling with borrow money not for me better stop and put itself in more bad condition.

wearepoor

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I do agree with this that some people who are addicted towards gambling can borrow the money to play .They need money to gamble in order to recover the losses and keep going on in hope to hit just once and to cover the previous losses. If they realize that they can loose this borrowed money then they will never borrow. People who are providing money to such gamblers should refuse to lend the money.

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Quote from: n2004al on October 05, 2015, 10:47:03 AM

Quote from: bajing on October 04, 2015, 09:29:12 PM

it's normal but don't borrow too much out of you can paid

How do you know this? Which the formula that make you to know how much you can paid? But I can tell me to you one formula. You will gamble. You will lose always your money. Like the time before borrowing. You will not be able never to paid the money borrowed if you will gamble with those. That's all.

Yeah thats weird if you can pay what you borrow for gambling, why you borrow then>? just save your money until you can use for gamble and dont borrow it from someone else

smith coins

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Borrowing your money to other for the purpose of gambling should be wrong.
What if the user fail again and he can't pay you?
This is something the same like borrowing a loan to pay another loan.

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Quote from: sukamasoto on October 05, 2015, 01:17:57 AM

Absolutely disagree since by gambling mostly will lose. And by losing, you can't repay your loan which can attack your reputation or even your family if you having big loan.
So you better gamble with your money since you will take your own responsibility

The basic of loan is collateral must equal as amount of loan. Lending for gambling is depends on lender.
But you need thinking again when want to loan for gambling.

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Quote from: bajing on October 04, 2015, 09:29:12 PM

it's normal but don't borrow too much out of you can paid

How do you know this? Which the formula that make you to know how much you can paid? But I can tell me to you one formula. You will gamble. You will lose always your money. Like the time before borrowing. You will not be able never to paid the money borrowed if you will gamble with those. That's all.

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Quote from: poplolnman on October 05, 2015, 10:39:12 AM

Quote from: Havelivi on October 05, 2015, 06:01:23 AM

I am totally disagree to borrow money for gambling because it is too much dangerous to chase loses and try to recover them is most dangerous to do this gambling.

that exactly the bad side when people borrow money for gambling, possibility to get debt deeply higher than you get a profit and get another trouble. so borrowing money for something like gamble is not recommend at all.

I don't even get borrowed money from anything, the money I have is the money I spend.

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Quote from: Havelivi on October 05, 2015, 06:01:23 AM

I am totally disagree to borrow money for gambling because it is too much dangerous to chase loses and try to recover them is most dangerous to do this gambling.

that exactly the bad side when people borrow money for gambling, possibility to get debt deeply higher than you get a profit and get another trouble. so borrowing money for something like gamble is not recommend at all.

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Quote from: BTCevo on October 05, 2015, 09:01:32 AM

Quote from: sukamasoto on October 05, 2015, 01:17:57 AM

Absolutely disagree since by gambling mostly will lose. And by losing, you can't repay your loan which can attack your reputation or even your family if you having big loan.
So you better gamble with your money since you will take your own responsibility

Not always you know wheel is always spin so sometimes you will end up losing and sometimes you will win, depends on how are you going to think to earn that money. Gamble if you can afford your loss and borrow only if you can afford to pay them

Nice comparison of a gamblers profit and losses to a spinning wheel. If we can afford to repay the loaned amount in th event of losses, then we can go for borrowing money for gambling purpose. But people should not go for loans if they have only the gambling as a income source.

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Quote from: sukamasoto on October 05, 2015, 01:17:57 AM

Absolutely disagree since by gambling mostly will lose. And by losing, you can't repay your loan which can attack your reputation or even your family if you having big loan.
So you better gamble with your money since you will take your own responsibility

Not always you know wheel is always spin so sometimes you will end up losing and sometimes you will win, depends on how are you going to think to earn that money. Gamble if you can afford your loss and borrow only if you can afford to pay them

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