Topic: Ever heard about financing a gambler? - page 23. (Read 3435 times)

No, funding someone gambling doesn’t make sense since it’s a gamble. He can always lie on declaring the result of the game since you are not with him when gambling unless you are interested on gambling yourself.

The only time I can think this kind of idea as feasible is when the guy has a good portfolio in gambling because not in a million chance I will trust someone gamble using my money.

I would have to assess the proposal first, I have learned for awhile now to not easily dismiss or decline stuff that isn't right for me, I first have to ask the questions and see if the risks outweighs the benefits and the other way around. So in this case, I would probably say that I should see my friend play or even just ask what kind of game my friend is gambling in, if I see that it's something that's heavily based on luck then I would outright decline but if it's not the case and my friend is good at it, I am probably going to go help that friend although I can't be the sugar daddy that my friend will just bleed me dry but back to reality, when that reall  happens to you, that friend of yours is already addicted and you financing your friend's gambling habit is not going to help that friend.

In fact, you take a very big risk when you put your money in CEX, so entrusting your money to a gambler is the most ridiculous thing that i would never do, surely that person will make a drama and convince us that he has worked hard with the money we have entrust him, we as money givers will definitely regret it in the future because we have entrusted our money to other people to gamble with.  you have to be able to manage your own money, because the best way to avoid scams is to manage your own money, it's not easy to get money nowadays, don't trust anyone to play your money in gambling.

Basically I will decline his offer in financing him for the sake of his portion of winning. Even how much he try to convince me to invest in him, even if he show a winning streak, I will say No. it's just too risky and for me it's not right to ask someone to support his gambling vice. If he is confident with his gambling skills, why is he asking for someone to finance him? If he is a friend, the maximum thing I can do is to stop him from his action because it can put his life in danger given that he is collecting money from others and putting it on a very risky way of earning, once he failed to do his promise, there's a chance that the financers might do something to him.

What matters is trust and how sure are you that the person you want to partnership with, is capable of winning the game. How are you also sure the person won't terminate the agreement and run away when he wins. All these are the questions that you ask yourself before accepting such decision. This is very risky, because I have heard of two friends that combined their money to bet on one game just to increase the profit, but when they won the money, the person with the slip ran away. This is why we can't trust people in gambling and what OP is saying means that this person in question is a total stranger. It is better to avoid troubles than you use your own money to bring problem for yourself, because you can't report to the police.

Yeah, that's happening in real life situations – investing in players with skills. It's still risky, though, but it's like letting the money work for you, especially for those rich individuals who have the capital to back a skilled gambler. I think this is not new, but probably only a few are doing this since it's too risky. If there's some kind of rigging in sports, it could also happen in poker. You know, when you invest in a poker player because you believe in their skills, but without knowing, they might just rig the game to lose. Well, that's just one of the risks, I think.

I saw how people "invest" in poker players... something we can see in some movies as well. When buy-in is expensive for a player, someone can back them up. Of course, it's risky as hell, but some people are willing to take the risk if they believe a player has the skills to do something more. I think nobody is doing something like this blindly, without knowing the player's history and past achievements.

Some people are simply rich, and they can afford to gamble like this...

It doesn't make any sense, no need to finance some in gambling hoping that if the gambling results ends well their will be good return.  This can be trap that can cause misunderstanding between people. I have seen cases like this and the end of the game came out well but the agreement the gambler made at first didn't stand just like he said. If at all I want to finance a gambler to play a game, I will do it without expecting anything in return to avoid disappointment just incase if the game comes very well.

Pointing that one up, even you know how good the player was, but the thing is when it comes to money there's always concerns, especially
if the player is on the winning side, there's no assurance that he will keep his promise.

It might take issues or problem after, chances that the money that you invest out will disappear or the person itself who you invest your money
will disappear. Either he wins a huge amount or he completely loses everything.

Not a good option if you have spare savings, better to invest it on your own things that you are the one in control and not someone
that barrows or asks you to invest with them.

That person in question asking you for "financing"  is probably already at a loss and has a gambling addiction, at the point where now he even starts borrowing money to chase his losses. Otherwise why would someone who is winning and making profit need to borrow money from you to gamble? This doesn't make any sense.

Never borrow money to someone when the purpose of using that money is gambling, because that money is most likely already lost. Even if you know you'll get your money back, eventually, you are not helping your friend, you are actually making the situation worse by supporting his addiction.

Entering the gambling world is one of the most imprudent choices one might make because it can generate financial problems. Lending money to a friend is helpful, but not for gambling; wagering money is never a reliable source because it might be spent immediately without fulfilling important needs. Winning is everything in gambling, keeping the gambler to be happy at all times, but don't get caught on the losing side because it will undoubtedly shatter one's entire existence. Giving a gambler listening ears is out of line for me, because they tend to messed up big time when it's time to repay.

Of course that's not a good thing and sounds very unreasonable. I wouldn't dare give capital to someone else to gamble and hope to get a share of the winnings. I like gambling so why should I give capital to other people, when in gambling there is no guarantee of winning, it is better for me to use the money to gamble myself rather than giving gambling capital to other people.

I once gave a little money to a friend of mine who said he wanted to play blackjack but didn't have any money. I gave him $10 and it was just a gift, I never expected any profit sharing at all

If we know that person cannot pay then its no question for us not to let them borrow any amount since they would just provably lose that money and they also might cannot afford to pay what they borrowed to us then we will just get stress to chase them regarding on the payment settlement talk about earlier.

But there are companies doing this and those are casino junkets but they are realizing money to those VIP since they also want to make sure that those people will stay on casino and increase their possible bets by using the money they borrowed from them. This is good business to some other businessman but if you execute it on low income guys or low ballers then maybe we cannot get a good result for this since for sure many will default on they borrowed.

Gambling doesn't give any assurance so financing maybe a worse decision for us especially if we only have small amount of cash.

This happens in poker all the time, like almost every single time. When there is a big poker tournament, all the famous ones are getting their entry fee paid by some other company or person that wants either share of the winnings if they win or some company branding showing up. Poker is an easy place for that, you can wear a shirt or a hat with the company logo, and that person will wear it every single time and that should be the most obvious choice for someone to market their company as well.

I believe that we are going to end up with something much easier like that on the long run, and could end up with something that may or may not work in the end. I believe that financing them doesn't make you rich ,but marketing may work.

Gambling isn't a business, you can't finance anything but the gambler pocket itself, if anyone walks up to you and tries to talk you into financing them run away because they just want to take advantage of you, that money is going to be used by them for another thing entirely and they will later tell you that they lose it all.

If they see another opportunity in you, they will try telling you that it's just the way gambling is, and maybe you will win the next time, if you can give them another money, it's a total rip-off, do not fall for such a stupid trick.

People who lack knowledge can easily fall for this, especially if they are illiterate and they are in a very hard position in life, they might want to give it a try until they realize that they are been taken advantage of because they are weak, this is happening, that's why you will see people signing the agreement without reading and they end up having to pay a debt that they never know anything about.

Yes, it does. You are the one that is making it look like financing but it is not exactly regarded that way. It is either referred to partnership.


It is not only in trading. It happens in gambling. You can get someone who doesn't know how to gamble but hears that your games are always winning, he can strike such deal with you.


Yes I have heard and seen but not often times.

It is usually when someone doesn't gamble but wants someone who would forecast while he provide the bet money or they jointly agree on how much to contribute and sharing of the potential.

This is possible when one party doesn't gamble for one reason or the other, he could "hide" under a friend to contribute betting money and share from its proceed. This is more witnessed in offline game house. Like if he knows the attendant would report him to his parents or pastor, wife so he can decide to bet that way.

But must times it is because the party doing the analysis doesn't have money to stake his forecast. I have not seen issues in such but the partnership doesn't last because at a point the other party would learn to gamble direct or stop along the way.

If a friend of mine came to me and asked me to fund him playing gambling, I would refuse because everyone knows that gambling is not a job and there is a losing factor that will be faced by people who want to try to win. They will have difficulty winning and if they borrow money from others, they will also have difficulty paying it back. I have never heard that gambling can be financed but it is possible especially if there is collateral that can be used as something that can be taken if the borrower suffers a total loss.

If someone tells you about this, you can advise them not to lend them money. Playing gambling can cause a lot of losses and even though they can win, they won't know when they can win. But defeat is definitely behind it all so they will most likely lose. And for someone who wants to lend a friend it's better to immediately refuse so that they both don't experience problems later.

To be frank, I wouldn't feel very confident in someone making an offer like this because there is never a guaranteed win in gambling. Additionally, not knowing this person's gambling habits very well will pose a risk of not knowing how the person will follow a strategy with the funds provided. For this reason, if I receive such an offer unfortunately I will not be able to trust the person and I will definitely not accept the offer.


In financial markets, we actually do this indirectly because many exchanges allow us to copy the transactions of successful traders. Although the two situations compared seem to be similar there are actually differences. It is also a great advantage to be able to see the success statistics of the last few months of the people whose transactions we have copied especially in the financial markets and to know how many people are following these people.


Yes, I have used the transaction copy feature in stock exchanges before and made a profit, albeit very low. However, I haven't used this feature for a long time because I don't think it's possible to make much money by using it for a long time.


No, I definitely don't trust someone else and that person's luck in gambling and I would definitely not lend my money to him/her to gamble.


No, as I stated in the answer to the previous question I don't and will not use this method in such a situation because I don't trust anyone. (I'm stating it for gambling)


Your judgment is correct I think the person was defrauded because he didn't have enough knowledge about this situation. Certainly, when it comes to gambling no one should believe promises of guaranteed profits and shouldn't entrust their money to people who make such promises.

Couldn’t agree more. There’s more to losses than winning decent profits in gambling, so why dare to take that kind of risk? I guess even if I have a large sum of money in my account, I won’t still fall for this because aside from the fact that gambling never assure us profits, we can’t also expect that these gamblers can be trusted when it comes to money. If ever they win, for sure they will get the biggest share since it’s them who really gamble and not you. So instances like this should never be encouraged actually even if you know that the gambler who want to be financed is a professional gambler.

To get the loan from the guy will not be the same for getting the loan for the gambling.If you ask your friends for the personal needs,he may help you with some dollars based on the salary.But if you ask for your friend for the crypto trading,they think for a while and again give loan.But if you try to get the loan for the gambling,mostly the friends will reject your loan.Because if you loss the money in the gambling,it may leads to big problem to give the loan back.Because with the salary he can mange one loan at a time.If you lose in the gambling,then your loss will be double.So don’t do the gambling with the money from the loan.