Topic: Ever heard about financing a gambler? - page 11. (Read 3358 times)

Interesting topic and discussion. I was watching a slot streamer earlier today named Syztmz and he was also discussing this topic and he made a very good point. He said, when you give money to a gambler, there are 2 possible outcomes:

1. The person will return your money
2. Money is gone

Now in both scenarios, the person giving out the money isn't earning anything but risking to lose the entire amount for absolutely no gain. Simple and straight.

Trusting someone or financing someone to gamble on your behalf doesn't necessarily require documentation, especially in the gambling world where words are often honored. When you fund someone to gamble, it implies a level of trust, and any potential benefits are typically shared according to the agreement. In the event of a loss, the responsibility falls on the financier, while the person gambling bears no responsibility for the losses. That's how it typically works.

Lending money and funding gamblers are two separate things and should not be mixed with each other.

When you lend money to someone (gambler), you do not care what he will be doing with that money. You are only concerned that he pays you back on time and secondly, you know that you will get more or less the same amount of money. Even if he doubles the money through gambling, it is none of your concern.

Funding a gambler means that you are giving money to the gambler to gamble with it and most probably you will share the profit with him, meaning if he doubles the money, you will get 50% of that money (or whatever the percentage amount is agreed on) plus you will also get the seed money back. The problem here is that people forget to document what will happen if the money is lost in gambling and will the borrower share the loss too?

If they personally feel in need of encouragement, well of course it will help them, specifically in that context. So it would work. What comes after is a different case.


That depends on how to approach those in need of help. Also, I don't think we should expect too much.

What concerns me is that the one who is truly able to take action is the subject itself, not those who assist or support. So words alone should have a considerable effect. In fact, a continual support system is required to make someone better.

I think borrowing/lending and investing are two different aspects although very similar.

If you are lending some money to a friend or a person, you don't care what they do with it and what they bet on, as long as they have a way to pay it back.

When you are investing in a player you are accepting that the person might fail and trusting his abilities to win. In that case, if he loses then you have to just accept it and move on.

I've never funded a player but I have tailed sports bets from experienced guys and gave them a tip when it hit.

The sharp and thoughtful contrast you draw between gambling as a form of pleasure and as a way to lose all your money is brilliant. This is because gambling is by definition a risk. But you oversimplify a complicated problem when you call people who keep gambling even though they've lost as "stupid." Ask yourself why they keep doing it. Is it just a silly idea, or is it a deeper, maybe confusing part of how people act? I think the truth is hidden by many psychological layers, such as the thrill of the game, the allure of the "big win," and maybe even the fact that its in our nature to chase our dreams, no matter how far away they may seem. Thanks for the good advice. I agree that people should bet for fun and be aware of the risks. Irrationality or misplaced hope arent the gamblers' only reasons, though. That would miss the deeper and more complicated nature of how people make decisions and understand risk.

Encouraging words of advice or suggestions can indeed be useful for those who need them, but will they work?
Can it make someone change for the better and meet our expectations?
I would answer no because what they need is not encouragement, advice or advice, but what they need is action that can really help more competently and be seen in real terms, not just series of words.
Sometimes helping other people is much more difficult than solving our own problems and there are quite few cases where we will also be impacted by what other people do when we try to step in to help them.

I sure that there are also some people here who try to help other people, such as friends or relatives, but we as helpers actually get less good.
It has become commonplace when good intentions and good attitudes get us what we don't deserve.

It's hard to find a single gambler who can make money from gambling, but we sometimes come across those people on this forum. But we also don't know whether they can always make money from gambling or whether it's just winnings that don't always come when they gamble. Some gamblers can really make money, but these people don't tell many people and prefer to hide their winnings from people. This is actually to secure the winnings they get because they only want to protect themselves from scammers or people who only want their money. That is why, when gambling, we have to be able to control ourselves so that we don't experience big losses, let alone lose large amounts of money.

When it comes on helping specially neither on our own family members or relatives or even on closest friend then it would be a normal approach since we do really care but on the sense that you are already spending
too much time and involving some finances then this is where we do really set limits because we cant really just that focused or priority someone and affecting our own finances specially if you do have a family.
You would be finding yourself to have those kind of engagement on trying out to advise or help someone but you had forgotten about your main priorities.

Going back into the topic in speaking about financing a gambler, if you are someone whose really that have a good winning rate and been followed or noticed by those wealthy fellas
then they might really be reaching upon you and might be dealing up with this kind of transaction on which you neither accept or not, you wont really be that so dumb
on not to know on what are the imposed risks on it specially it could connect about possible money laundering or some legal issues if possible.

I'm sure the thing about word of encouragement is truly helps those who are in need, especially relatives or friends. But bear in mind, that we also must set boundaries for ourselves. Helping or handling addiction cases is not an easy job. So if the condition affects us in a personal manner, we should just direct them to the professional. Specifically in the context we can't help further, it should be okay to leave it as it is, instead of the problem is also affecting us.

Yes, that's right and there are also very often people who finance traders and when the time comes there is a sudden bearish market which makes the crypto market collapse so that many traders who claim to be professionals run away and are irresponsible and have lost a lot of money, I often hear of cases like that everywhere but I haven't heard of them yet. looking at gambling, is there a stupid person who would bankroll a gambler just because he won a few games.

I think that's ridiculous, unless he really wants to pay for the loss, maybe it won't be a problem, because usually a gambler only wants to use other people's money to gamble and then when they lose money and suffer big losses, they won't be responsible as if they didn't acknowledge other people. who had believed in and financed the gambling he did. Stay away from that method because it is not profitable.

I have not known a single player who could make money from gambling, maybe people want to play because they sometimes manage to win something and they think that they can do it again, but in the end they lose more, trying to achieve victory.

Among my friends there are many who have tried gambling at least several times, but few do it on an ongoing basis, these are mostly just one-time attempts and after quick losses it all ends for them.

It doesn't make sense to me because gamble is not by force, if you don't have money to gamble, you can go and work for the money so that you can gamble as you like, and it will make you know the reason why gamblers don't use to give people money to gamble in the gambling center. If your friend borrow you money to gamble and you lose in that particular bet , it will be difficult for you to pay back that money and such issues like that can make you and your friends separate at the moment which are part of the reason some people don't give people money to gamble.

We have experienced so many things in this gambling that made someone to have one kind strong heart, even though the person is close to win in the gambling  nobody will give such person money to make his or her journey successful.

Yes no one can give accurate information about winning in gambling so there is a risk in financing the gambler who will blame others if they lose. All people are not the same and no one will give his share of winnings to others so if your skill is good in gambling then it is better to bet according to your ability. Too much greed is bad and if someone is sponsoring then it is better to avoid them. Once the greed becomes an addiction it becomes difficult to bear the risk. If awareness can be created it will be possible to stay free from all the horrors of gambling in finance.

Before deciding to gamble I think you better find out first about the positives and negatives that are there, if indeed the negative impact has a higher percentage then it's up to you, if you want to do it go ahead but also have to be fully prepared mentally and physically to face a large amount of defeat. I believe in the idea of their answers when asked, like you said they have more losses than wins, I believe in that because that is the fact. The reason why is because they are gambling with the wrong purpose, if you want to make money then gambling is not the place to be, unless you just want to have fun then it is indeed a place that is quite recommended on the condition that you have to accept whatever the risks are.

Lol what a stupid excuse they give for choosing to keep gambling despite the fact that they always lose, do you have any certainty or just an indication of the truth that you will get a big win to make up for everything you've lost? No, it's ridiculous to say yes, and I'm sure they don't have any reason, if any I'm sure it's nonsense. It's a matter of misplaced hope fueled by the wrong mindset from the get-go.

That's literally the lamest and silliest way to invest your money, gambling is clearly about luck so trusting someone else with your funds believing he has the skill to make better gambling choices is totally absurd and will end in tears. Where did I even hear something like this before? Oh yeah, someone made a thread about giving loans to gamblers who have exhausted their resources but still wish to continue playing, he stated he was thinking of financing them and collect a collateral, which is also a very silly thing to do, because that's literally contributing to completely killing gambling addicts. I know what gambling has done to people who are addicts. In such a situation, a gambler can give away their valuables at a very crazily discounted rate and what if those properties aren't actually theirs, and they have hopes that when they win they'll take back the properties and we all know how that is likely to end.

My point is that, financing a gambler with the hopes of getting a portion of their wins is an insane thing to do, even financing a trader isn't 100% guaranteed that the market would be favourable and you can get your money back, what if the market goes in an unexpected trend and the trader forced to make decisions that would put the whole investment into jeopardy, then what next?

We can tell them that we also need the money to meet our family's daily needs so we don't have enough funds because we will use the remaining funds as reserve funds for urgent matters. If they don't want to understand our reasons, then let's just let them be because that's the reality and we also don't let our family need their money more than they only need it for gambling.

Even though he says that he will definitely win, that is not a guarantee that he will win because his goal is only to get money from us for gambling. We should choose our family over that friend because if he is truly a good friend, he will definitely not impose his will on us. He will definitely understand what happened to our family and will look for someone else who is willing to fund his gambling.

Not good to leave them alone if the affected person is our friend or relative since we can do something to help them by giving advice and if we just leave them because they are not really worth the help then maybe they might experience more the worst. So its good to give them advice so they can realize that everything they do is not good and they should not bet excessively so that no funds intended for more important matter used for gambling. They should learn from their mistake so they can correct their bad behaviors.

Although we don't have obligation to do this thing but for sake of humanity maybe a simple word of advice can help them to determine what's good and bad for them.

Gambling means that we lose more than we win, but we decide to gamble. Most gamblers, when asked, say they have lost more than they have won. When asked why they don't give up gambling after hearing from them that the losses outweigh the gains, they say they are waiting for better odds. If a gambler were to quit gambling after losing money, their gambling losses would not exceed their gambling gains. Gambling is hard to quit when you start gambling, a gambler gets more motivated when he gambles and when he loses by gambling he wants to recover that loss whether you win or lose gambling definitely pulls you to gamble. Gambling must be done with our conscience and never with emotions.

It's going to be a big problem as those kinds of mindsets are really possible, there are people who think that because we allow them
to lend money or we listen to them and give them money to use.

It shows that the money can be forgotten or most of the time they will keep trying to add more money to lend and when they keep losing expect

them not to repay or by chance they will keep trying to ask you to finance them and let them try maybe the next session will be their time.