Topic: Escape Debt with Gambling: A Dangerous Cycle (Read 786 times)

The main reason on why a friend cant be able to refuse is that he/she doesnt really like that there would really be some possible gaps if ever it would be rejected or be refused.
This is why most of them would really be giving or granting out such request but it doesnt mean  that they are tolerating such gambling addiction by its friend.
For those who arent that making some toleration about on the said condition then they wouldnt really be giving out such loan or borrowing money.
Now in the situation about making up some bets which directly made by you instead of him and telling that it would be just fine that you would be losing it
then i dont really believe those things because there would really be that anger deep inside once you have lost it all.

The supposed friend of the OP is just trying to make him suffer his losses instead and get away with it, he is hoping that his friendship is going to be enough to force the OP to throw his common sense out of the window and get the loan he needs, after all while it is often the case for a person to not pay what they owe to a friend, this is not something you can do to loan shark, which will do everything, no matter how heinous, to recover their money.

End up badly for sure but the worst thing on this one is that you wont really be able to resist out on not to let your friend be that on such situation on the time that he/she would be asking for some loan
or would really be borrowing into you. Yes, you could make out some advises but once these type of addicted people are really into it then it is really that hard to resist or rejecting on whats they are asking.

This is why on the time that you would really be having those kind of friends then it would be always good that you should not grant on whatever wishes they do have specially
on asking some money or taking up some loan or borrowing. At least do your part as a friend on giving out some advises and telling on what they should stop and what they should
do.

You should not help your friend and return his account, besides if you help it will make him more addicted and he can fall into a repeating cycle, I mean borrowing money from people, and borrowing from other parties and so on, it's best not to take a risk, it will end badly

Asking money from loan sharks is dangerous! If you really are his friend, lend your money so he can pay the loan shark and sleep easy saying he can pay you back within a year!

I'm kidding, don't do that.

In fact, this is not an easy situation to deal with and trying to use gambling to solve this problem is a big mistake.
The best way is to look for a reasonable "agreement" to pay the debt and get this money in a dignified way, if possible even selling assets such as cars.
But it's not enough to just get rid of debt, you need to be more responsible in the game to avoid getting into debt again.

Debt and gambling are currently rampant because of the ease of access and ease of making loans which can only be done in a matter of minutes with easy conditions.
In my area, there are lots of gamblers who take out online loans without thinking about the risks they will face. And most of them just chase losses and take online loans just to continue gambling which will actually make them experience two losses and also serious problems.
This happens because it is difficult to get a job and makes them fall into the wrong path and it all starts because of relationships and conveniences that they don't really want. However, due to circumstances that make them go the wrong way and fall into the wrong path, and make them suffer even more and think that gambling can make money and do it in the wrong way because of curiosity.

You are in a a difficult situation, while there is a moral obligation to help a friend in need, there is no obligation to sacrifice yourself during that process or to let yourself get scammed by him, it is obvious to me that he is desperate and that he is willing to throw you under the bus in order to get out of his problems, and if you accept to give him that money then most likely you will never hear of him ever again, so you might as well save yourself the trouble and not give him the money and end the friendship anyway.

I will not touch that kind of thing if a friend asks me to do so. It's because he's the one to do that when he's at the right thinking and then he has to face his consequences.

I don't mind telling him that he should pay that debt because he borrowed for that and I won't play his account with balances.

That's so hard for me to do that because what if he insists that I was involved on it, I might get into trouble and that doesn't make sense for me because he just approached me.

Never get into debts for actually gambling because that eventually will lead to tragic events and it's really sad if we go that deep. However, this things happens daily and unfortunately the stories you can read from gambling addicts or people who had massive debts because of gambling are really really tragic to read and comprehend.

In Romania per example we have a serious problem with bookies as lately they opened near schools and highschools and this is very dangerous for young generation that currently see gambling as a way to "make more money" which is quite the opposite of what gambling stands for.

Something you wouldn't consider if you are not after high risk. Ever heard stories wherein people are in debt despite of having properties? And that person chooses to sell that property not to immediately pay the debt but to try making it double by engaging it to gambling? If you are in debt, in what way would you be able to pay it? One is to have a secured and consistent source of income. In such way you'd be able to still make a living and eventually pay the debt even little by little. Those people who seeks gambling to pursue such purpose are having desires to do things in a rush or fast manner. However if it's reality check, there's no such thing. You won't be in debt in the first place if there is.Not only debt free but also, the idea of every gambler would be rich. But gambling does not work that way; losing will be more often to happen. Luck is the main determinant and no gambler will have full control of gambling outcome. As you embrace higher level of risk you cannot expect yourself to get out of it as a cycle. It will just continue.

If gambling would really be that a debt solution then not only gamblers would really be that flocking out into gambling world but also other people who would really be tending to deal up with
just because on what they do heard of.  We do know that in speaking about debts then this is something a common known problem into peoples lives yet there are really times or moments
on which we do really need up to take some loan or borrowing money for whatever purpose that it could have. This is why it would really be that always best that never ever make
gambling as your solution because instead on resolving out yourself into such problem, you would really be just that making it worst.

Confidence could be a problem in the journey of any gambler, in the sense that, one shouldn't feel confident for something uncertain as gambling. To an extent of taking loan to clear a debt or just for gambling purposes. I've read multiple cases online about gamblers who ended up getting ill or affected mentally over the debts they took, to gamble. It's quite a wrong move for any player and shouldn't be a way of escaping debt or paying our loans. Some newbies are being moved by their peers, and don't make choices out of experience or a personal will, they gamble for the sake of others who has made reasonable profits via gambling. '

They forget that the wins are just for a short while, and if the winner isn't careful, he could lose them the same day. Depending on the type of game he plays. That's the essence of letting gamblers to be prepared knowledgeably to understand what they're venturing into before trying to wager money in gambling. Lack of information makes the gamblers to fail and deep down, they wish to win at all costs. Which pushes them to take loans, when all their funds have been exhausted.

That's really bad idea, what if you lose the bet that is the most probable outcome than wins in gambling will you able to forgive yourself for doing that?

We can extend the loan by doing something and pay little amount but for very long term is the solution not preferable to choose gambling and having a thought that making money is that simple and if that is the reality then every gambler would have been debt free.

I think that can also be a risk to ruin their friendship but at least we choose to be a good friend, up until the end. Yes, this is the true definition of a good friend and not the ones that we are only fine even if the things that our friends are doing are already wrong, and we don't want a friend like this because it may also influence us to do a wrong thing, but if they agree to change for the better, then we should gave them another chance.

I like the advice but it was only unfortunate if a casino refused to give a reward as some casinos are like this and even if not, a reward given may only be small and won't still be enough to clear our debts, but at least we can use it to lessen them.

I know right you know winning big and losing big is just part of the gambling story so we need to deal with it. and Using gambling as a means to solve financial problems or pay off debts is highly risky and generally not advisable.

It is  A Dangerous Cycle we need to get out when we don't have money to play gamble

True, most of it is the mindset of a gambler who doesn't really know what gambling is really about, they are just floating in uncertainty, and usually they come because they see something that looks very tempting that is successfully obtained by others or including some of their friends who are already familiar with gambling. The fact is that seeing something that is very tempting can cloud your consciousness which in the end you rule out other aspects or possibilities that are actually much more important and should not be ignored such as possible risks and they will only continue to gamble by putting very high hopes and beliefs with the assumption that "I can get a win like everyone else", they don't know that it's not as easy as they think which in the end it is clear that slowly they will only experience problems with their finances.

Yes it is certainly a very bad idea to gamble with borrowed money, I think people who do this are those who are too confident in winning which actually your belief has absolutely no effect on the results at the end of the session, nothing else can lead you to victory other than you are lucky. So the real fact and the conclusion is that gambling with borrowed money will only get you further into debt because you will only rotate in the cycle of borrowing to gamble and gambling with the intention / aim of getting a win to pay off the debt, this will only make your debt even bigger because no luck comes in a row.

Base on my knowledge about online gambling, it was intended for having fun and making gambling at every affordable ease and not to serve as a means of making money online, i don't see online gambling as an alternative to finding a means of debt repayment, instead it could make the entire process more difficult to repay back, the best suggestion for someone already on loan is to look for a job to do and earn in other to repay his debt and not to be gambling when he actually needed money for his loan repayment, he may continuously make loss in gambling and the condition keeps getting worse.

What you say is also true, if his friend is still beside him to accompany him in every problem as well as help him then obviously it is very possible for him to do some more  severe actions, so there is also a point as you say that his friend is better off just leaving him alone with the myriad of debt problems he has because  changes will usually always occur when someone  really feels traumatized by what he has experienced.

But what I doubt is that I'm not too sure that his friend can really ignore that person, because if you look at the scenario of the story his friend really cares about that person or something else it seems that he is afraid of that person so he always fulfills the things that the person wants. This problem is quite confusing because for these two people because if this continues to be done by that person then it is possible for him to eventually plunge or bring OP to the problem he has. So if indeed he absolutely cannot be helped with just a suggestion due to having a stubborn personality then of course it is better for you to avoid him and ignore whatever he is experiencing, because sometimes not caring too much about others can also be the right decision when the situation is like this.

I haven't seen anyone in here pointing out the obvous: IF there's a bug to exploit, why is your friend still losing money? And why is your money somehow better for exploiting it? This just reeks like desperation. And just because he is your friend, it doesn't obligate you to break the law. In fact he is being a shitty friend for asking that instead of loan from you. So don't go that road, no matter if the exploit works or not.

If you want to help your friend, you must first:

1: Understand his situation. He is going for desperate measures, because he is desperate. Blaming doesn't fix his situation. If you live in an area where police is too corrupt to help, or your friend has nowhere to hide, there's a very real and urgent issue, and that's a threat against him. Loan sharks don't use collateral or legal ways to collect their money, as they most of the time operate illegally anyway. They literally can break legs and harass the victims and their close friends or relatives, if they know/ find out where they live. They also could force victims to break the law to pay their debts, and this could in fact be one of these schemes. So first they need to deal with direct threat, after that they can focus on other issues, like the one that lead him to this deep end.

Even if loanshark is operating legally, your friend could be ruining rest of his life as interests build up and he would end up paying those forever.

2: If you have money to help, i wouldn't keep my hopes up getting that money back ever. And you need to ensure that the money goes directly to the loan shark. Addicts tend to lie and might even gamble that money away, as depending how their brains are wired, they might not learn anything from this. All they get would get from this bail out is a dopamine reward, linking this to loan sharks = good in their brain. Also before you give any money to your friend, sit down with him and make him explain how he doesn't get into this situation again, and don't accept any other answer then him blaming directly himself and admitting he is an addict that needs help (other then monetary as well).

And since this situation is extreme, i would demand for extreme measures. I would demand he seeks for legal guardian of interests, he could even point you as one, so that you would have legal rights for his money. You would get paid for that job, but it's hard and level of responsibility would be high. But if you are up for it, that's an option. If legal guardian seem too emasculating for him, maybe he doesn't yet accept his situation. And the fact he he believes that luck would get him out from this makes me believe he doesn't have a clue what he is doing, nor any kind of sense of financial responsibility.

3: If you leave in somewhere with minimum corruption, in where you can trust police, he shouldn't just pay, loan sharks often don't have a leverage they claim to have, but they definitely will harass and threat you. Luckily for your friend there are ton of places where you can report loan sharks. Those you can find by googling but this all depends where you live. If this is a real option for you, i would definitely go for this road.

Borrowing from loan sharks is clearly a mistake and looking for a solution to pay debts with high interest through gambling is the biggest mistake, especially now trying to take advantage of bugs that occur in casinos, if this story is true then it is difficult to find a solution.
And you may feel that you are in a difficult position to want to help him but clearly that would be against the law because it is possible that the casino will finally detect something odd and it will also turn out that your friend has done KYC, meaning that his personal data is already with the casino so his whereabouts can be traced and in the end it will take your friend I'm in a more difficult position, and I don't have any advice because this can only be resolved by paying off debts from loan sharks but by finding the funds in the right way, not the wrong way because that means just making mistake after mistake which will make life even more difficult.