Topic: Ever heard about financing a gambler? - page 19. (Read 3435 times)

I definitely think that when it comes to gambling and lending money we shouldn't trust our friend who asks us to finance them because even if this person is our very close friend, we don't know or cannot predict whether they will be able to repay their debt if they loses that money. If this person is going to cover his/her personal expenses in exchange for borrowed money they will most likely pay the debt at as soon as possible but there is no guarantee that they will pay back if they loses money in gambling.

I have never encountered a situation where a person asked me to finance their gambling but I have had friends to whom I lent money for their personal expenses. If any of my friends asks me to finance them gambling in the future I think I will definitely not accept this offer because as someone who gambles frequently I know that the gambler side always loses money. As you said ''house is always the winner.''

If you think it's not right for you, why will you still think about it and possibly accept the deal? Our instincts are sometimes strong so we shouldn't ignore it and for me, I won't regret anymore even the outcome is positive. What important is I never worry. Money can still be earned in a safe and legal way.

If we are going to use the scenario that you explain and say that we get lucky to win, I doubt it if it will always happen. Maybe our friend demand more money than usual and one time experience a loss? Apart of it, we are only helping the guy to become heavily attached in gambling which is a bad thing. Gambling should be enjoyed for entertainment purpose only.

Not a good way to support, gambling is not a venue in tolerating a friend, better to invest if it's a business that a friend is asking for some money
to put up or start up capital to establish a good business.

But if it's a gambling, I mean if it's something like casino base or sports betting better not to encourage, especially if it's a friend who's asking to
lend money to invest in.

No assurance that he can repay or he can give that portion of winning to you, no one can have that 100% sure win always has that big risk behind.

Yes, the essence is the same because they cannot always win in gambling, especially in gambling. They can experience losses more often than they win. For that reason, if a friend wants to borrow to finance it to trade on the crypto or forex market or even gamble, we can refuse it and say that we don't have much money to be able to finance it. If it involves money, it will be more troublesome because there have been many cases where someone couldn't return the money they borrowed to their friends, so they had to stay away from their friends and don't want to have any contact with them anymore. This debt problem is risky for us because it can negatively impact our friendship, and many people have experienced this. We have to be careful in this matter and don't let it happen to us.

It would be very risky to lend money to our friends to gamble. We know they will have difficulty paying the loan later, especially if they experience losses and lose all their money. They will not be able to return the money while we also need the money for our daily needs. I often experience this, but my friend borrows not to gamble but to buy his daily needs. Sometimes, I can lend him money but I only use free money that I don't use for other things. For the free money, I did not demand that he immediately return the money because I considered the money as a donation for his family and children, so I did not expect the money to be returned to me. But sometimes I can't lend him money because there are needs that I have to fulfill and he can understand my situation.

I just think Something , when a person who has a Financial Culture or high financial education, when they talk About how to find a place in a casino , I am sure that a person like that does not allocate any money, or maybe it can reach 5 to 10usd a casino and with that Money he tries to give it away as much as Possible , because he knows that he will see money when he Opposes a casino the Safest thing is to lose it, but how Does he know that ? because the Workers Who have a high cultural , Know that the Casino is a company, a Business that Obviously will not lend itself to Losing, but on the contrary, to winning and that a casino is not a Charitable Organization or any NGO that has Everything In this sense , a very Different Scheme is Made of how to go AboutEntering and requesting a grant, then a Person who knows All that , knows that with Little money she has to settle for the Investment because it is what she Assumes she would spend to Enter a Cinema , or In Finding yourself somewhere where they Require you to buy a Drink or something , that's what an intelligent person who Knows What the value of money is that they have to risk losing.

Of course everything changes when he is a very Wealthy person , Who knows that any money move will not hurt him, that he Will do Anything and knows that it will not affect him to buy the things he always uses, his food , his things , what he always uses have to use to live with a high quality of life, so in this Order of ideas we as good players, as good Investors, and as people who have a high culture and financial education, then we must see Our situation as how much we can lose, when we person allocates 10usd or less , there is no need to make Fun ,  because you don't know how he plans to play and when he is willing to Play , when a person has more money to play and has much more to offer, it is because He has Plenty of capacity for Power , that is something that can be Noticed.

This doesn't make any sense. This is basically asking a friend to fuel his gambling urge. I doesn't almost have a benefit for you in return. This is also basically begging for money to gamble.
Finance is just a made up fancy word to cover things up that someone is begging.
I'd rather let this friend borrow a money from me just this one time and I'd let him decide when will he's going to pay for it, rather than expecting a portion from his winning which is very unlikely to happen. I don't care about that portion, I'd like to have my money back after I helped you with your needs, that's my principles.

It is indeed a wise decision not to lend them money or financing them on their gambling activity.  Financing them will only help them get financially ruined.  It is okay to finance them if it is for emergency use such as for food, medication, and any basic needs for survival.  But gambling is just an entertainment activity and we can skip it anytime and the action will not negatively affect us.

We should remind our friends that if they do not have money for gambling, they must skip gambling until they get their funds for such activity.

For me, it does not make sense to finance someone in gambling unless it is for the promotion of our own business.

What i will first ask the person is that what if he looses, how will a make my recovery back from him, gambling is not what we do with hundred percent assurance that we must win, i can only accept his offer when he also have a physical asset to use as stake should in case he didn't win, but despite this, i still don't think it's a good practice to encourage someone in doing this at all, gambling is not done by force, we gamble when we think we needed fun and have money for doing that.

LoL, a hated person indeed, this particular scene happens all the time, I have same kind of friends too that almost call me every time when their gambling balance runs very low. And I know the number of names I have been called all because of me trying not to give them a helping hand but I feel it's actually the best thing and option when it comes to this kind of cases.

A portion not even 50%?  If that is the offer then it does not make sense.  The offer should be 60% to 70% for the financer because the person who offer the deal has nothing to lose just his time.


It is partially correct and partially wrong.  There are people who are true to their words and people who are just a scammer.

Really is the dude really serious right now, what is my interest in bringing the money is to share innthe winning, two questions i will ask the dude is that, who vear the risk if the bet went in the negarive at a point?




Currency predictions is also another form of game that casinos are fiinding very attractive, that is the reason why most of them are now  implementation this kind of games.

Some newbie gamblers may misunderstand the , on how to use the feature and there call it trading instead of calling it gambling which it is.

It's what any regular gambler would do... The goal of wagering on any casino site is to get possible wins... If anyone has got an insight to do that properly and is willing to share a trend, then that's just fine.
That's if you've got an interest in gambling in the first place... It's a different story if you haven't... Cus no matter what he's gonna tell you, you'll never be probed to give him a penny. I actually wrote on this topic from that perspective, unless if OP meant something different.

Sandra 🧑‍🦰

addicts have a cunning way of requesting money from people particular from those they are certain they have slim chances of being given the money. Like just look at the way he puts it "tomorrow I will pay more". They make this kind of appeal statements just to make the giver feel good and be moved to give them money to go on with their gambling.

Addiction should never be encouraged no matter how persisting a gambling addict drag you for loan. Who knows if that friend of yours already have other person's he has taken loan from through this way and have not yet paid and is  about to add you to his list of friends he is indebted to. Friend or no friend no one should be encouraged in his compulsive gambling habit because when they grow worse we might directly or indirectly affected somehow as close associates.

Would really be just that normal on having that kind of decision on which if your gambler friend would really be asking for some loan or would really be borrowing money and you've seen that he's involved with gambling thing then it would really be just that common sense that you would really be that rejecting out such request or simply ignore considering that he's already showing that kind of compulsive gambling
and you are already assuring that he/she cant really be able to pay up those loans or borrowed money on time.You wont really be that blind on not to see those things in your front or something that it is already that obvious.

Going back into the topic about financing a gambler then there are people saying about Casino junkets and i dont know on how this thing works but this really do looks the nearest possible
reason on why there's someone who would really be trying to reach out on a certain gambler which does have good gambling winning rate.Dont know on how
these mixed up of funds do work but this one correlates about some money laundering thing but well its not really that something that seriously to be believed on.
For those people who are minding about their reputation and doesnt really like to get involved with some possible problems then they would surely be ignoring
these kind or type of offers.

Giving is good but doing it for irrelevant reasons will definitely originates into troubles which we ought to prevent. Considering best way is totally refrained from the act of giving out money for gambling purposes, base on the volatility of the system. It's clearly stating about lending money to your colleagues who are attached to gambling space. I'm reluctant in helping those of my friends that are gambling because paying back will become more complicated and brings about one having complaints which might results to physical combat.

And what's the point of giving money to someone else just to get a portion of the profits when you can gamble yourself using that money and keep all the profit that you might get? It's like expecting the guy to have a guarantee that he will win something when there is no such guarantee in gambling.

Exactly, expecting that someone borrowing money from you to gamble and pay you a portion of the winnings will surely win is foolish. Even if the guy says that they are an expert in sports betting which generally requires knowledge and experience more than luck, you should still not give them any money because they would obviously not care about the money that much since they don't need to return it and if they lose it, it's just gone.

As long as you have the courage to bear all the risks that occur, maybe this is a legitimate thing to do. But for me personally, it's better for me to play it myself without having to entrust it to other people, because what I'm looking for in gambling is pleasure, not profit. By jumping straight into the world of gambling, I will be able to feel the adrenaline and excitement of gambling and I will always enjoy the gambling and bets I make, whether I win or lose, I will accept both of these things because this is a risk in gambling.

I just advise that when you finance someone to gamble, you have to be careful because it is not uncommon for what starts as an agreement and cooperation but in the end ends in a fight. Because quite a few of them are financed to gamble, but after getting a big win they are reluctant to share it and vice versa when they lose, it is not uncommon for the party who finances the gambler to often continue to blame him and corner him which leads to an argument.

This is very similar to following someone's betting history. I did that a few times in live blackjack and live poker games where I'd watch a player for a while and start backing his bets if I saw potential.
Financing other gamblers is a good strategy in skill based games that you don't have much experience in or if you want to bet but can't stay calm during the game and succumb to emotions.
A few times I gave my friend money to bet on a football game because he's better than me at it, he's more careless and confident and it works out for him.

They take that decision to ask for money for someone since they are desperate to recover their lose and the only solution they see is to borrow money from someone so that they can extend their gaming time then chase their loses. Although this is really bad since we all know how they will end up especially the money they use is borrowed from other people so if they lose it gives them a double problem. This is not good so hopefully those people doing this will realize that its not good to use the money not on your hand on gambling so you will not get more bigger problem if luck doesn't come on our side.

for people thinking about doing this then maybe better if they save up theirselves so that there's no stress to receive especially if the person ask some loan is not a good payer.

Most of my friends are gamblers, there are quite a few who, when their capital runs out, they send me a message "Broo.. Do you have a balance? I want to make a deposit but I don't have the balance for that. And tomorrow I will pay more than that."
This is a classic reason that I often encounter when my close friends try to ask me for help so that I will lend them money.

However, I personally never provide loans or capital to those who like to gamble. I do this not because I don't have money to lend, but when I try to give them a loan, this means I am supporting my friends to become addicted to gambling. I would rather be hated as a stingy person than have to lend money that makes them addicted to gambling which has a negative impact on them.