Escape Debt with Gambling: A Dangerous Cycle - page 5.

Marykeller

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There are characters some friends would display at times, you will begin to feel furious about it, of why they are involving you in their mess when they have already done a stupid deed. They won't involve you when the deed hasn't been done but will involve you when they have problems.

What I hate most about helping friends in need is that, once you start coming to their rescue when they need financial aid, it never stops, the help continues until you dare to say no, not to help them. Apart from that, they keep pressuring you to help.

Quote from: pakhitheboss on February 16, 2024, 07:58:49 AM

Quote from: Oshosondy on February 16, 2024, 07:39:13 AM

Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.

I can give him the money from my pocket and forget it. The problem will remain the same as next time he would expect me to again bail him out. It is not a viable condition he needs to learn about finance the hard way which I am ok with. What he is now asking is another gamble with his life and his family and that is making me insecure as he would either kill himself if this thing does not work out or he would massacre his family and then kill himself. His desperation is real as those loan sharks are now pressurizing him to make the full repayment before the due date or pay them extra within the time frame. I do not want to be part of such situation but I have to help him and that is kind of a messy deal that I am in.

Your friend is making this kind of threat to you because you have been coming to his rescue on several occasions and you can't say no to him because you have been helping and he thinks you can help him again this time.

I am not suggesting you not to help your friend but I want you to learn how to say no, to certain things. Not everything that requires a helping hand always.

ajiz138

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You try to tell him that you can't help pay off the huge debt, even if you play the account, you won't necessarily win because we know the casino house will win.

People who are in debt because of gambling, their last resort is to ask for help from their close friends, so you will feel pressured because you keep asking how to pay off the debt, maybe he is also waiting to feel that you feel sorry for him, maybe you can say like a beggar who keeps asking for help even though in this case it is quite complicated.

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling.

I am sorry to sound harsh but it is either your friend doesn't have good advisors around him or he chooses not to listen to the advice from his friends. Because if he does, then he'll know that the worse way to pay back a loan is through gambling. The best way to repay a loan is to liquidate an asset. We all have something that is precious that can be liquidated to repay a loan. Another way is to get a job that pays daily or biweekly. He can work as a helper in a construction site and get paid at the end of each day's work.

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I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Do not help your friend out of this mess. He has to own up to it and fix it himself if not there will be no lesson learned at the end of it. It is not being wicked it is because you love that he has to learn this lesson the hard way. Stay strong and do not allow yourself to be emotionally blackmailed.

borovichok

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You cannot escape debt from gambling but ignoring his call is not the right time. Tell him the reality. It is essential to understand that gambling is a game of chance and uncertainty, and there is no guarantee that one will win enough money to pay off debts. The gambler is more likely to lose money than to win. Gambling to pay debt can lead to a cycle of addiction where individuals continue to gamble in the hope of winning enough money to pay off debts and this can result in further accumulation of debt, as the individual may struggle to manage their finances and may resort to borrowing more money or neglecting other financial obligations.

Advise your friend that instead of gambling with the hope of paying off debt, he should essentially explore alternative strategies for debt management such as creating a budget and sticking to it and ensuring that essential expenses are covered first and discretionary spending is minimized. This can help him to better manage his finances and avoid accumulating further debt.

DubemIfedigbo001

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I know very well that nothing said here will change your mind if its made up to do anything, but I just want to remind you that its good to be upright in your dealings especially if it has the well being of others in contemplation. And whatever we do to others have a way of coming back at us whether good or evil. You exploit someone today, you get exploited tomorrow. I perfectly understand you friend's plight as he's under a lot of pressure now and needs your help to settle his bills, but that doesn't change the fact that what is evil, is evil and you're not picking his calls is your way of trying to stay out of the temptation of granting his wish.

You need to confront him ASAP and let him know of your unwillingness to execute such task. If I have learnt something in this life, I have learnt that running away doesn't solve a problem, rather it makes it worse. The earlier you tell him of your stand, the better for you.

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Borrowing money or to give him money for free won't change anything about him and will not allow him to learn lesson for next time. People who are addicted learn their lesson in hard way. If I'm to be op I won't involve myself into is situation because borrow him money will make him to take things for granted and to make him to be addicted the more.

You don't need to be worried if you don't have the money help your friend or if you are scared of risking your money which can end up to be lose at last. Involving yourself to is matter can be a problem to you later on , this is not something that you need to bother yourself with his addiction problem.

EluguHcman

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I think the contexts of this thread is about how the OPs friends needed to take advantage over the Trish tactics to win in the gambling sites and so that he could pay his debt. This is where I specially want to emphasize.

OP, I expected you to be inquisitive when he told you of a gambler gambles and wins with tricks. You should had given it benefits of doubts to check that out maybe if it true, then it is not a wrong ideal tricking the gambling site so win. There is no conscience for gambling sites as much as they don't have conscience over the gamblers. How much you bets and looses belongs to the gambling sites and how much you wins belongs to you so, if there is a rumour on how a gambling site can be tricked to count winning should be a welcomed development for the gamblers. Although, I know that it is not possible but yet no harm checking it out when you heard of it.
It should be believed that your indebted gambling friend counts on you as much as he believes your capacities. So, if the so trick winning he told you about isn't valid after you access on the site, then you can as much let him know that bro, let go off the trickish winning strategy because it doesn't work out. Else, due to how he is being flexible to be influenced by rumours, he would keep hitting on that so tricks that even if he doesn't win, he would still keep pushing on with the fake trickish rumours and yet he would keep loosing. At that point of contact of you and him, you can as well advice him to limit his gambling forces because it had paid him no good but looses beyond his affordability.
With the trust I feel he has for you, you can help him out by guidance of advices. You just can't be short of words with him over this.

Huppercase

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling.

I personally don't owe anyone and I'm not indebted to any person. I don't owed a debt and I'm proud of my financial status right now.
Your friend made a wrong move and he is not just a chronic gambler, he is a dishonest person who don't fulfill his promises because I don't understand why you will take loan and then you don't fulfill the obligation to payback after given you what you want. Loan shark are not the type to joke with else he wouldn't have resort to gambling as alternative but he knows how dangerous they are in loan business.

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I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Some people can't be save even if you want to save him, they will use their own to taint you. Since you have made your own investigations and found out that there is red flags in what he has done. Simply abandoned him and don't reply him or change the subject of discussion. I don't think there is anyone that should force you to do what you aren't interested in, you should just change your body language. I'm sure with that altitude, he will change and look for another alternative and if he failed, nobody will tell him to back out but he will pull out own his own.

Fortify

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling.

In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games.

I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk.

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

It's illogical that a casino would survive very long at all, they are in the business to make money and would quickly identify any accounts that are withdrawing substantial amounts because that is highly suspicious behaviour from the company perspective. People who dig themselves into a hole when it comes to gambling can start to make up all sorts of illusions in their own mind and even try to trick others into supporting their habit further. It sounds like your friend has fell down that hole and is trying to get your money to extend their losing streak.

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling.

Gambling is never a way to raise income especially when you intend to clear off a loan with debt. If you try to use gambling to raise money for clearing of debts you only end up spending more money and losing more, which is money that should have been saved up to at least have the hope that you have started gathering money back to pay any loan you collected. Your friend could have sort out other ways like looking for quick jobs to earn some little money, or even sell off some home items that they may not need in the worst case to clear their problem.

Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

You can help him pay the debt, if you can, but he will have to pay you back and have to stop gambling. By helping him pay the debt, you are trying to see that he does not get too addicted to gamble or continue gambling as a way to raise money.

cabron

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When a man in need calls someone either a best friend or a brother, this someone is his last resort.

Seeing that he is considering exploiting a bug, he already put all his hopes for it. If there is just an easier bank to rob he would have done it already as this is the same life-threatening situation having a huge debt from a loanshark. Those guys will bring your friend to a clinic to remove his kidney and other organs to be sold.

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Helping someone to defraud a system is a criminal offense. You cannot engage in criminal activities because you want to help a friend. It will be dangerous to help a close friend have access to a steal from an account because you know the password. He shouldn't force you to commit crime, that's not true friendship.

I will suggest you refuse his plea and help him to stop overgambling. Another problem is that gambling is not also sure, which means there is no certainty that you will be able to cheat the system and recover his losses. If you try to help him and you lose all his money, you have contributed to his downfall. He might even plan you for his losses. If you also become successful and recover his loss you might be traced and arrested for cheating or criminal activity. Let him sort out his gambling problems and seek alternatives means of settling his debts.

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Al I can see here is your friend trying to dig a shallow hole deeper - Just as others have suggested, give him back his account, advise him that despite the bug there’s still a possibility that he’ll lose his money.

This is one of the worse things that anyone who’s involved in gambling can do; which is wanting to multiply their money through gambling so as to pay dept, this is him just being desperate nothing more and if care is not taken that your friend can even go to the extent of involving in unethical behavior just to secure the money he’s going to use to pay back his debts.

qwertyup23

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Quote from: ryzaadit on February 16, 2024, 07:33:02 AM

One thing people should avoid
- People who tell you how to get rich
- Investment
- Someone tell people about gambling tricke.

I mean, all human have a (GREED) if my self know about trick and other things make me rich. I don't even tell anybody, not only friend but also my family member (I keep it for my self).

I find it funny that there are people who still fall onto these tricks even at this day and age.

I mean, everyone should be aware that if a person randomly messages you telling their "secret sauce" to get rich, that should already spark a red flag for you. Assuming that he DOES have the secret to be rich, then why share it in the first place? I am a firm believer that there is nothing free in this world- everything has a fair equivalent of something.

Again, just to reiterate, there is no such thing as free things. If someone approaches you telling to invest into a certain project with very high yield, then avoid it completely. If someone messages you for an investment, be doubtful and research about it.

Zoomic

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

We all have debts somewhere or the other and we try our level best to repay that debt. While some of us can do it with ease, some of us face issue after issue to repay it. The situation leads us to find alternatives like consolidation loans or shifting existing loans to another bank at a cheaper rate. But what happens when you take a loan from a loan shark due to a bad reputation with banks? They give the loan without any problem at a high interest rate and most of the time it will be a noncollateral loan. Why I am saying all this because one of my friend has become a victim of a loan shark and to repay the loan he has now shifted to online gambling.

In my country online gambling to an extent is legal but as we all know the house always wins. He tried multiple online gambling platforms but never made any money. Two days back he called me up and said he found an online casino that had a few bugs as one of his colleague was able to cash out a handsome amount by using some tricks. I won't go into details of those tricks as it was complicated for me to comprehend, what he wanted me to check was to find out whether it is possible to trick the system. He asked me to check the casino and he even gave me his account information to try a few games.

I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk.

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Your friend is just irresponsible and has a very poor knowledge of financial management. I am just curious to know, wouldn't the money he invested in gambling be enough to payoff all or part of his debts from the loan shark? He should pay off his debts first before investing in gambling he is never benefiting from. Your friend is indeed on a dangerous circle and will incur more debts if he doesn't stop gambling for a while. Your friend is wrong for trying to take advantage of you and for trying to use tricks on casino sites but I will not advice that you ignore him now that he needs you. Try finding out what he's up to and why he keeps accumulating debts. If you find anything reasonable about his debts, try rendering help anyway you can but if he's just being irresponsible, let him be.

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Quote from: Wiwo on February 16, 2024, 09:07:43 AM

First ask yourself, whether or not what he is doing is right or wrong and taking advantage of a bug to abuse a casino is an entirely wrong action and at that if you are caught you may lose more than you won.

Secondly, if he finds a bug as you said, and has a hard loan of cash out from the site, why then is he still broke to the point of requesting for financial help from you?

You need to be very careful and not to risk what you may not afford to lose since he has already convinced you to a certain level right now, and you feel that the mechanism is working.

True, abusing a button or glitch in a website, especially in a casino, may result in a permanent ban. It will be worse because you will not be able to play again, and the funds you currently have may be locked as you are banned from the website. And also, if the Caisno owner decides to sue you, then it will be much worse.

Why is he still broke? Because taking advantage of a website or casino will not bring you any further, you see, gambling is gambling; no matter what you do, you will always lose, and at worst, the OP does a loan, which could add to a bigger problem. A loan or borrowing money from others should be avoided, especially if you will only use it for gambling. You are just adding to your problem even more. Also, don't hope that gambling may be the answer to a financial problem or that it could help you in life. Yes, if you are lucky enough, that's not always the case.

Blitzboy

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Loan sharks and internet gambling? That combination would make anyone queasy. You have a pal in trouble, seeking a lifeline. First, good job not rushing his idea. It reveals your character. Now, to the point: gambling, especially when perceived as a lifeline, is like gasoline on a fire. Fun and games until it's not. Although 'beating the system' is appealing, casinos don't lose

Your perspective on not helping him gamble is correct. You can pivot here. Instead of abandoning him, suggest professional aid. The mindset behind debt is just as important as the money. There are ways to face it without risking everything. Encourage him to consult a financial expert about debt management. We're not ashamed to ask for aid. Don't forget to support gambling's enjoyment, within reason. Finding balance, setting limits, and folding is key

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Quote from: coin-investor on February 16, 2024, 09:44:34 AM

Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

<...>

-snip-
Gambling is a risky business there's no guaranty even if he told you 100% that he found a bug, the casino has a way to flag an account with unusual winning, don't think that you are wiser than a casino, don't assume that you can beat a casino, because before you can withdraw your winning they check and verify if the winning is done in a natural way, not coming from cheating or bugs. so what you're friend is asking you is very risk don't let him drag into it and save yourself.
Its ok to help a friend but not in cheating a casino, there are a lot of ways that you can prove you are a good friend advising him what is right and wrong proved that you are a caring friend.

Cheating a casino is not only forbidden but also illegal in most jurisdictions (it's just another form of scam), and as quoted, even if in yours it isn't, so many things can go wrong. He's your friend, but you shouldn't participate on that: too many chances for something to go wrong.

Sorry to tell you the obvious, but your friend doesn't seem a sensible person, and he's also immoral. Better go and get new (better) friends.

coin-investor

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Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

I was earlier skeptical and denied his request but he insisted that I take a look. I did and found that the games are not that tough to be rigged if done correctly but when I checked the account balance and found out that he had already invested a good amount of money to make a win and lost a substantial it I was furious with him. Now, he wants me to help him so that he can pay off his debt at the earliest. I have already told him that gambling is a dangerous cycle and it can lead him to more debt. Still, he insists that I help him and is willing to take a risk.

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

Obviously you're friend is taking advantage of you, its also obvious that he is lying so don't partake of his misery by declining to help him, you don't own him anything when it comes to gambling even if you owe him money he doesn't have the right to do this.
Gambling is a risky business there's no guaranty even if he told you 100% that he found a bug, the casino has a way to flag an account with unusual winning, don't think that you are wiser than a casino, don't assume that you can beat a casino, because before you can withdraw your winning they check and verify if the winning is done in a natural way, not coming from cheating or bugs. so what you're friend is asking you is very risk don't let him drag into it and save yourself.
Its ok to help a friend but not in cheating a casino, there are a lot of ways that you can prove you are a good friend advising him what is right and wrong proved that you are a caring friend.

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Quote from: pakhitheboss on February 16, 2024, 07:58:49 AM

Quote from: Oshosondy on February 16, 2024, 07:39:13 AM

Quote from: pakhitheboss on February 16, 2024, 07:12:10 AM

I haven't replied to him and I am not answering his call as I feel I would be doing injustice if I say yes. I am confused and do not know what to do, what do you guys suggest?

You want you to help him by giving him money. Is that correct? Or you want you to borrow him money? If he is a good friend and you are able to give him the money without borrowing him, you can. I mean just give him an amount of money that you can afford to give a friend in a way that you can afford to lose such money too when gambling. Definitely he will lose it at last, just know that. I just want you to know that. He is an addict and addicts always lose. If the person is my friend, I will not borrow him or give him any money for gambling.

I can give him the money from my pocket and forget it. The problem will remain the same as next time he would expect me to again bail him out. It is not a viable condition he needs to learn about finance the hard way which I am ok with. What he is now asking is another gamble with his life and his family and that is making me insecure as he would either kill himself if this thing does not work out or he would massacre his family and then kill himself. His desperation is real as those loan sharks are now pressurizing him to make the full repayment before the due date or pay them extra within the time frame. I do not want to be part of such situation, but I have to help him and that is kind of a messy deal that I am in.

From the way you sound, it shows that you care about your friend, and this is why you should help him in whatever way that you think is cool with you, to prevent some disastrous things from happening to him.

He needs to learn how to manage his finance to avoid setbacks in life, because taking loans from loan sharks or from banks are big setback and sometimes, this loan keep on piling up interest and some people end up not paying it till they live the earth. I don't know why he put himself into this dip mess.

Topic: Escape Debt with Gambling: A Dangerous Cycle - page 5. (Read 872 times)