Ever heard about financing a gambler? - page 15.

doomloop

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Quote from: Sanugarid on November 07, 2023, 11:25:29 AM

Quote from: retreat on November 06, 2023, 09:08:53 AM

It just doesn't make sense to finance a gambler because gambling is fraught with the risk of losing money and financing someone with this kind of risk is very stupid. Because gambling is different from investing, where in investing you know the type of business you are financing and how it will move and its future potential, whereas in gambling there is absolutely nothing, you only rely on the luck/skill of the players in the game and that is very risky.

That's right, if you're going to allocate a lot of money, just use it in the right way. It's hard to gamble with a gambler, because there is no certainty if he will win, you will only rely on the luck and skill of a gambler and that is not a good sign even if he is your friend. It is too dangerous to gamble in this situation.

If it's a friend or someone very close asking for funding their gambling activities and sharing the profits, simply ask them to borrow money from you, whatever you can give, and ask them to return it after a specific period and you don't need any share in the profit that they might make from gambling. Don't take any interest or anything but just ask them to return what they are taking from you and they don't have to do anything else other than that.

Believe me, they will not take the money because they know they won't be able to return it since they will lose it all in gambling. People are wise, they just want to make you a partner for the profits that too taking money from you for the whole thing and don't want to lose anything themselves because in this case, the money that is lost isn't their responsibility.

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Quote from: Sanugarid on November 07, 2023, 11:25:29 AM

Quote from: retreat on November 06, 2023, 09:08:53 AM

It just doesn't make sense to finance a gambler because gambling is fraught with the risk of losing money and financing someone with this kind of risk is very stupid. Because gambling is different from investing, where in investing you know the type of business you are financing and how it will move and its future potential, whereas in gambling there is absolutely nothing, you only rely on the luck/skill of the players in the game and that is very risky.

That's right, if you're going to allocate a lot of money, just use it in the right way. It's hard to gamble with a gambler, because there is no certainty if he will win, you will only rely on the luck and skill of a gambler and that is not a good sign even if he is your friend. It is too dangerous to gamble in this situation.

If there is any amount of extra money then it would be better to use it to invest rather than having to finance someone to gamble because gambling is actually an activity that is full of risk.
And some people who ask for funding usually use the word borrow or give in addition to returning more money if they win, but what you said is true if they gamble there is no certainty that they will win, at the last point we ourselves will experience losses because they lost the money and who knows when they will return it.

Sometimes seeing friend asking for help can cause feelings of pity, but they actually use that pity to pursue their desire to gamble.
Indeed, the best thing when it comes to finances is to manage them as well as possible without needing to give it to anyone, especially for gambling and if we really want to gamble we can do it ourselves without needing to fund other people.

Sanugarid

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Quote from: retreat on November 06, 2023, 09:08:53 AM

It just doesn't make sense to finance a gambler because gambling is fraught with the risk of losing money and financing someone with this kind of risk is very stupid. Because gambling is different from investing, where in investing you know the type of business you are financing and how it will move and its future potential, whereas in gambling there is absolutely nothing, you only rely on the luck/skill of the players in the game and that is very risky.

That's right, if you're going to allocate a lot of money, just use it in the right way. It's hard to gamble with a gambler, because there is no certainty if he will win, you will only rely on the luck and skill of a gambler and that is not a good sign even if he is your friend. It is too dangerous to gamble in this situation.

maydna

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Quote from: junder on November 06, 2023, 09:13:43 AM

Quote from: maydna on November 06, 2023, 08:50:57 AM

~snip~

Well that makes sense, of course I also agree with your assumptions and statements, honestly I never thought of financing anyone to gamble, how could they be so sure of the results while on the other hand there is no guarantee and certainty whatsoever for gamblers to be able to win. In my opinion, things like this must really be considered and considered, don't let you be instigated by the temptations - the absurd temptations of gamblers, they are addicted and all they think about is gambling, so it is very likely that they will do anything to make you believe. Gambling is really only about luck or how lucky you are in that session, although yes I also know there are some skill-based gambling such as sports that can increase your chances of winning if you have good skills and knowledge of the world of sports, but still in my opinion financing gamblers is recommended because in terms of risk it is not balanced with certainty for the results.

Not least because the problem is what if the person loses? I'm sure you wouldn't accept the fact that all your money is gone. On the other hand, even if you are generous and don't mind lending money to others I think before you decide to give a loan you should first make sure whether he can pay or not.

They are confident about the results because they feel they can win from previous experiences, but that doesn't guarantee they can win again easily. Their previous victory will not be able to be repeated because the circumstances are different, and it will even be different for a few minutes after they finish playing. They also cannot hope to get lucky when they are gambling because that is something that cannot be predicted even by a professional gambler. So if someone wants to ask for help to finance their gambling, we should refuse because we also need money so that we prioritize our daily needs rather than helping to finance their gambling. After all, if they are our friends, they will understand if we say that the money will be used for daily needs, and they will not force their will.

If the money he borrowed was only $10, I wouldn't mind it and would accept reality. But the problem is, who wants to use $10 to win from gambling Grin

Well, maybe there is, but clearly if they ask us to finance their gambling, it could mean more than $50.

junder

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Quote from: maydna on November 06, 2023, 08:50:57 AM

Quote from: Negotiation on November 03, 2023, 03:17:34 AM

I agree financing is not a problem for rich people they have a lot of money. But those who have less money will never take risk in terms of financing because there is no exact guarantee of winning in gambling. That's why I'm afraid to take risks casinos can fund their interests because losing wins is theirs. Even if you have good skills if you lose your close friends will be at risk so it is better to stay away from here in terms of financing. Don't think it's easy to do not to mention the gamblers and hoarders around us who are risking their business lives for this funding.

But it would not be wise to finance someone to gamble because in gambling, he will not have a greater chance of winning than he loses. If he has skills in sports betting, he may be able to win, but there is still no guarantee he can win, and if he loses, he will not be able to pay you the money he borrowed. Those who want to borrow money to gamble will look at their friends' financial conditions so they can estimate how much money they can borrow. But the money he will use for gambling may not be able to be returned in a short time because if he loses, it means he has to find money so he can pay the loan.

Well that makes sense, of course I also agree with your assumptions and statements, honestly I never thought of financing anyone to gamble, how could they be so sure of the results while on the other hand there is no guarantee and certainty whatsoever for gamblers to be able to win. In my opinion, things like this must really be considered and considered, don't let you be instigated by the temptations - the absurd temptations of gamblers, they are addicted and all they think about is gambling, so it is very likely that they will do anything to make you believe. Gambling is really only about luck or how lucky you are in that session, although yes I also know there are some skill-based gambling such as sports that can increase your chances of winning if you have good skills and knowledge of the world of sports, but still in my opinion financing gamblers is recommended because in terms of risk it is not balanced with certainty for the results.

Not least because the problem is what if the person loses? I'm sure you wouldn't accept the fact that all your money is gone. On the other hand, even if you are generous and don't mind lending money to others I think before you decide to give a loan you should first make sure whether he can pay or not.

retreat

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It just doesn't make sense to finance a gambler because gambling is fraught with the risk of losing money and financing someone with this kind of risk is very stupid. Because gambling is different from investing, where in investing you know the type of business you are financing and how it will move and its future potential, whereas in gambling there is absolutely nothing, you only rely on the luck/skill of the players in the game and that is very risky.

maydna

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Quote from: Negotiation on November 03, 2023, 03:17:34 AM

I agree financing is not a problem for rich people they have a lot of money. But those who have less money will never take risk in terms of financing because there is no exact guarantee of winning in gambling. That's why I'm afraid to take risks casinos can fund their interests because losing wins is theirs. Even if you have good skills if you lose your close friends will be at risk so it is better to stay away from here in terms of financing. Don't think it's easy to do not to mention the gamblers and hoarders around us who are risking their business lives for this funding.

But it would not be wise to finance someone to gamble because in gambling, he will not have a greater chance of winning than he loses. If he has skills in sports betting, he may be able to win, but there is still no guarantee he can win, and if he loses, he will not be able to pay you the money he borrowed. Those who want to borrow money to gamble will look at their friends' financial conditions so they can estimate how much money they can borrow. But the money he will use for gambling may not be able to be returned in a short time because if he loses, it means he has to find money so he can pay the loan.

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Quote from: Docnaster on November 03, 2023, 03:28:24 AM

The fact that there's no guarantee that the friend who requested for financing his gambling in exchange of part of their winning is gonna end up winning gamble makes it dead on arrival financial request from me because I wouldn't want to risk my money in such gambling business.
In gambling, a gambler wins and losses as well and that's why I think whoever wants to gamble should be the one to finance their gambling activities instead of seeking help from someone.

This is the kind of offer that must be rejected on the spot, a business offer must give benefits to both parties and the risk taken by both parties need to be equivalent too, and it is obvious that in such a proposal this does not happen.

The one gambling is taking no risk as they are using the money of someone else, and in the case they lost all the money no negative consequences come to them, while if they happen to win then they can keep half of the profits for themselves, so when you think about it this is a proposal that is terrible for the one that has to lend the money and incredible for the gambler, and as such no one should take that kind of offer.

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Quote from: Saisher on November 02, 2023, 10:50:33 AM

Quote from: Z390 on October 10, 2023, 02:06:20 AM

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

I don't think any of my friends will do that I'm not a rich guy or known to finance anyone and even if my friend is good at gambling I don't think I can afford to put my money at risk if he wants to finance his gambling venture and he is confident of his skill then he should be the one to fund his account or ask a real gambling financier to do that, there is such a thing as casino junket, so there are casino financier also.
Casino financing is only for businessman who has a lot of money to spare and put their money on gamblers its a risky business and I don't think I will ever finance someone I have a hard time financing myself so I cannot finance others.

The fact that there's no guarantee that the friend who requested for financing his gambling in exchange of part of their winning is gonna end up winning gamble makes it dead on arrival financial request from me because I wouldn't want to risk my money in such gambling business.
In gambling, a gambler wins and losses as well and that's why I think whoever wants to gamble should be the one to finance their gambling activities instead of seeking help from someone.

Negotiation

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Quote from: Saisher on November 02, 2023, 10:50:33 AM

Quote from: Z390 on October 10, 2023, 02:06:20 AM

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

I don't think any of my friends will do that I'm not a rich guy or known to finance anyone and even if my friend is good at gambling I don't think I can afford to put my money at risk if he wants to finance his gambling venture and he is confident of his skill then he should be the one to fund his account or ask a real gambling financier to do that, there is such a thing as casino junket, so there are casino financier also.
Casino financing is only for businessman who has a lot of money to spare and put their money on gamblers its a risky business and I don't think I will ever finance someone I have a hard time financing myself so I cannot finance others.

I agree financing is not a problem for rich people they have a lot of money. But those who have less money will never take risk in terms of financing because there is no exact guarantee of winning in gambling. That's why I'm afraid to take risks casinos can fund their interests because losing wins is theirs. Even if you have good skills if you lose your close friends will be at risk so it is better to stay away from here in terms of financing. Don't think it's easy to do not to mention the gamblers and hoarders around us who are risking their business lives for this funding.

Saisher

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Quote from: Z390 on October 10, 2023, 02:06:20 AM

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

I don't think any of my friends will do that I'm not a rich guy or known to finance anyone and even if my friend is good at gambling I don't think I can afford to put my money at risk if he wants to finance his gambling venture and he is confident of his skill then he should be the one to fund his account or ask a real gambling financier to do that, there is such a thing as casino junket, so there are casino financier also.
Casino financing is only for businessman who has a lot of money to spare and put their money on gamblers its a risky business and I don't think I will ever finance someone I have a hard time financing myself so I cannot finance others.

noormcs5

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Quote from: Z390 on October 10, 2023, 02:06:20 AM

How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?

First, we need to know why people give money to others for trading or investing in any other form of assets etc. The main reason is that we believe that the other person is more capable of trading and he/she can trade on our behalf and we can gain money due to his knowledge and experience.

But when we talk about gambling, there is no risk involved, no experience involved, so why do we give our money to someone else to gamble on our behalf ? Why not gamble ourselves, and if we win, get all the money and do not need to share it with someone else who has nothing special as the result will only depend on luck?

GxSTxV

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Quote from: Z390 on October 10, 2023, 02:06:20 AM

Have you heard of such before? What is the end result if you have?

Yes I did hear about this kind of deals between casinos and streamers, the casino itself finane a streamer to promote the casino and create content while playing in thiier casino and games. Sometimes they provide them a weekly or monthly budget. I believe they get paid on a deal no matter what the result.

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Why would you trust anyone to gamble better than you can when it's all about luck?

I don't believe that anyone can trust a gambler without any collateral. It's gambling after all and the rates of losing are greater.

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Is anyone doing this on here?

I never seen anyone yet, maybe streamers.

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Quote from: Z390 on October 10, 2023, 02:06:20 AM

Why would you trust anyone to gamble better than you can when it's all about luck?

Is anyone doing this on here?

This will be the stupidest and most foolish thing I will ever believe or do in my life, someone who has the slightest of experience in gambling will know that it's not advisable to finance someone else's gambling activities for what ever reason, most especially, if It involves pure luck based games.

Anybody can be lucky and win in luck based games, so instead of financing someone else, I will rather play myself.

Can't believe we are even discussing this.

Quote

Someone explained this to me, and I believe he is already a victim because to me it doesn't make sense, I believe he is been used because he lacks knowledge about gambling, do you think my judgment is wrong?

You are not wrong, I guess this is why it is advisable to atleast, have some basic knowledge in every trends, for with that, no body can dupe or scam you due to ignorance.
The guy indeed was used, possibly due to his lack of knowledge in what gambling is all about.

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Quote from: AmoreJaz on November 01, 2023, 06:43:50 PM

Quote from: redsun114 on November 01, 2023, 12:38:50 PM

Quote from: PX-Z on October 28, 2023, 11:42:24 AM

That's a no-no for me, instead of financing him/her to play regardless his/her previous records, why not just put it on me and let me play the bet instead especially if its a lucky based games. Now if it's a sports book, maybe, for some reasons if i saw her/his previous bet results.
But high chance i wil not accept it lol, unless it's a lend/loan type for my security.

If a person asks you to finance their gambling activities as a loan that they will repay after a certain period of time, that's still understandable because you will at least know that you will get your money back even if the gambler loses it all, but if it's like a partnership thing where the profits will be split, then it's obviously foolish to do it since gambling is all about luck and no one can earn guaranteed profits from it because it's a business for the owners and not for the players.

When giving out such a loan, always make sure that the person asking for the loan is actually trusted and have a good track record of repaying loans on time and not stretching the deadlines all the time and still not paying the money because such people will make you bad look at the end if you keep asking them about the money.

the dilemma on this situation is it is hard to rely if your friend or that person will indeed honor your agreement. if he is losing, how can you expect his payments? maybe, you can give him his first loan, but if he didn't respect your arrangements, better not to enter the second one.
hard to trust gamblers esp if you are a gambler yourself. Tongue

so for me, better not to offer a loan or of that sort even if you are friends with them. a lot of good friends are being broken because of money.

I will not finance that person, this is because I am not sure if he will be able to make profit for us to share because it is gambling and gambling is based on lick because there is no professional gambler. If it is your lucky day then you can have all the wins, but the moment your luck fades away, you end up losing. Remember the time that will get lucky in gambling is very slim.

This reminds me of when I do go to a land base casino, I do see one guy that doesn't like to play any casino game but he is a gambler. After he has watched the board for a long time, he can then place his bet on the platers that are gambling and sometimes he ends up making profit from other gamblers through staking for them. There are also some gamblers that when they get exhausted of funds they can ask for anyone that is ready to fund their gambling activity and they will share the profit.

Dickiy

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Quote from: PX-Z on November 01, 2023, 08:28:17 PM

Quote from: redsun114 on November 01, 2023, 12:38:50 PM

If a person asks you to finance their gambling activities as a loan that they will repay after a certain period of time, that's still understandable because you will at least know that you will get your money back even if the gambler loses it all, but if it's like a partnership thing where the profits will be split, then it's obviously foolish to do it since gambling is all about luck and no one can earn guaranteed profits from it because it's a business for the owners and not for the players.

When a gambler ask to finance their gambling activities its like a partnership if you agree, and you will suffer more if he loss. Unless he said specifically that it's a loan and he will pay for it.
But regardless, i won't do on such things, you will only encourage him to gamble more, where in fact he already ask loan to gamble, that shit is already awful, and addiction that should be stopped early.

In my opinion, it is better to avoid requests like this, meaning that if there is one person, whoever it is, who asks you to finance his gambling with guarantees, just sweet promises, then don't follow his wishes, because obviously in gambling there is nothing promising and no matter how often you are involved in gambling, there is still no guarantee for you to win, everything will run randomly. Therefore you must really know about what gambling is, there is no income there especially consistently, do not act stupid by agreeing to the wishes of the person for fear that they experience defeat and finally they do not replace your lost money. That's right, unless from the beginning they said that they borrowed then one day you can collect it if the final result loses.

In my opinion only fools would finance gamblers, how can they believe or believe that partnering with gamblers will pay off, obviously the final result depends on luck, this is not a business or any activity that can provide good returns, but this is nothing more than an entertainment activity, so you better consider it than you lose.

ethereumhunter

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Quote from: Gaza13 on November 02, 2023, 04:51:54 AM

Quote from: Negotiation on October 25, 2023, 09:05:09 AM

Lending money to gamblers should not be done at all because no one can guarantee that gambling will always win. The person who lends the money will be at risk of losing and it will be difficult to repay the money no matter how close friends are there will be risks to financing. Mostly introverts like to enjoy themselves and so they enjoy playing these people have inclusive traits. They are also fearless and are not afraid to bet on a single number every time hoping to win great prizes.

Instead of paying for gambling to people or friends, it's better for us to play it ourselves, Of course we can control our finances. What you say is true if we lend our money to a gambler whose friendship will eventually be destroyed they couldn't pay what he lent them before. If he wins the game that night he will have fun not thinking about the next day. Frankly, I'm not interested in gambling, only stupid people pick numbers and hope to win prizes in the game. As far as I know, the gambling system is controlled by the owner or dealer, players hope or beg for a win, even if they get a win, it is given to them by the gambling owner.

And it would be even better if we could use the money for things that are more useful than just playing gambling, which can result in many losses and our inability to control ourselves. Lending money to a gambler can pose a risk that he will not be able to return the money to us because while gambling, he could lose all his money and have difficulty paying back the money he borrowed. So rather than having difficulties later when we also need money, it is better for us not to lend it to gamblers because of this risk. And by saying that we don't want to lend him money to gamble, he should understand that we really don't want to see him have problems paying back the money he borrowed.

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Quote from: Gaza13 on November 02, 2023, 04:51:54 AM

Quote from: Negotiation on October 25, 2023, 09:05:09 AM

Lending money to gamblers should not be done at all because no one can guarantee that gambling will always win. The person who lends the money will be at risk of losing and it will be difficult to repay the money no matter how close friends are there will be risks to financing. Mostly introverts like to enjoy themselves and so they enjoy playing these people have inclusive traits. They are also fearless and are not afraid to bet on a single number every time hoping to win great prizes.

Instead of paying for gambling to people or friends, it's better for us to play it ourselves, Of course we can control our finances. What you say is true if we lend our money to a gambler whose friendship will eventually be destroyed they couldn't pay what he lent them before. If he wins the game that night he will have fun not thinking about the next day. Frankly, I'm not interested in gambling, only stupid people pick numbers and hope to win prizes in the game. As far as I know, the gambling system is controlled by the owner or dealer, players hope or beg for a win, even if they get a win, it is given to them by the gambling owner.

Agree with you, instead of paying friends to gamble, it is better for us to gamble and we can also limit the money we will use in gambling and when we win, we ourselves will enjoy the results, but if we pay or lend money to friends to gamble, most likely if he wins then the results are ours. enjoy it together and I don't think it's too comfortable. Grin

If we lend money to a friend, in my opinion it is the start of problems in friendship, yes your opinion is right, it could be that lending money to a friend is the start of problems, I mean if the friend cannot return the money. because he experiences continuous losses and that is where the fights between friends start and we will definitely regret having lent the money just like that.

Gaza13

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Quote from: Negotiation on October 25, 2023, 09:05:09 AM

Lending money to gamblers should not be done at all because no one can guarantee that gambling will always win. The person who lends the money will be at risk of losing and it will be difficult to repay the money no matter how close friends are there will be risks to financing. Mostly introverts like to enjoy themselves and so they enjoy playing these people have inclusive traits. They are also fearless and are not afraid to bet on a single number every time hoping to win great prizes.

Instead of paying for gambling to people or friends, it's better for us to play it ourselves, Of course we can control our finances. What you say is true if we lend our money to a gambler whose friendship will eventually be destroyed they couldn't pay what he lent them before. If he wins the game that night he will have fun not thinking about the next day. Frankly, I'm not interested in gambling, only stupid people pick numbers and hope to win prizes in the game. As far as I know, the gambling system is controlled by the owner or dealer, players hope or beg for a win, even if they get a win, it is given to them by the gambling owner.

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Quote from: AmoreJaz on November 01, 2023, 06:43:50 PM

Quote from: redsun114 on November 01, 2023, 12:38:50 PM

Quote from: PX-Z on October 28, 2023, 11:42:24 AM

That's a no-no for me, instead of financing him/her to play regardless his/her previous records, why not just put it on me and let me play the bet instead especially if its a lucky based games. Now if it's a sports book, maybe, for some reasons if i saw her/his previous bet results.
But high chance i wil not accept it lol, unless it's a lend/loan type for my security.

If a person asks you to finance their gambling activities as a loan that they will repay after a certain period of time, that's still understandable because you will at least know that you will get your money back even if the gambler loses it all, but if it's like a partnership thing where the profits will be split, then it's obviously foolish to do it since gambling is all about luck and no one can earn guaranteed profits from it because it's a business for the owners and not for the players.

When giving out such a loan, always make sure that the person asking for the loan is actually trusted and have a good track record of repaying loans on time and not stretching the deadlines all the time and still not paying the money because such people will make you bad look at the end if you keep asking them about the money.

the dilemma on this situation is it is hard to rely if your friend or that person will indeed honor your agreement. if he is losing, how can you expect his payments? maybe, you can give him his first loan, but if he didn't respect your arrangements, better not to enter the second one.
hard to trust gamblers esp if you are a gambler yourself. Tongue

so for me, better not to offer a loan or of that sort even if you are friends with them. a lot of good friends are being broken because of money.

It's true, it's very difficult to trust people who gamble, even if they're your friends, because they're talking about money.
It's my friends who owe me money, who don't gamble, it's hard to charge or they don't pay anymore. How about the gambling loan? How will it pay you if he loses. Many relationships are destroyed such as friends, spouses, lovers, etc. when money is discussed. So if you lend money to use for gambling, think carefully. Many people are addicted to gambling.

Topic: Ever heard about financing a gambler? - page 15. (Read 3435 times)