Topic: Ever heard about financing a gambler? - page 24. (Read 3358 times)

Well yes, it does make sense, but the risk has been shifted on your side since it is your money that is being used as the resource for gambling. Instead of the gambler being at risk, it is now on you who has to risk your money for someone to bet. In all honesty, I do think that it is better if you gamble for yourself than to let someone gamble your money.


No your judgement is not wrong.

Like what I previously mentioned, if you let someone use your money as the resource for gambling, the whole risk is shifted on your side. This makes the gambler the winner as there is really no point of losing.

In order to balance this, there has to be some sort of collateral in case the gambler loses. If I were to do this, I would ask for something in exchange for my money in case the gambler decides to lose or loses everything. But generally, I would definitely avoid this kind of set-up since it is just really complicated to begin with.

Might as well have asked for a loan really. Tbf I wouldn't even give a loan in general, let alone in gambling or even in crypto trading. If it was an investment into business then maybe. Skill can also be invested on but honestly kind of risky compared to regular businesses where breaking even is at least close to guaranteed (if you go for a famous niche).

I'd say I wouldn't do it. Just imagine the scenario in regular case where you give a loan to somebody and its a bloody pain to even get it back at the payment date. That's a regular loan. Now imagine this one where the person themselves is hiding in the name of "I haven't won yet so just wait", much harder to get the money back imo. Might even ask for more really since the word used was "finance them". You're not wrong, you don't even need knowledge about gambling, just a bit of common sense is all you need.

It does not make any sense. First for all, why would I. Who would dare to finance someone in gambling. Financing someone even if it's a friend is not a good idea. If there will be an issue, your friendship will only suffer.

Possible is how it was discussed between the financer and the gambler. There's no gambling platform life forex that offers copy trading and instantly deduct the commission after closing the position.

No, I don't think that there's someone who will risk their money for the other gambler to play.

That is expected. Gambling is all about luck and there's no guarantee of winning. Offering for a commission if being finance to gamble is too risky. The gambler can earn without losing money, however, if the money was lost in gambling, the only one who would suffer is the financer.

True, there might be people who would really be that tending to invest basing on what they do saw in you.If you are a gambler who does have a good winning rate but doesnt have that much of a capital or bankroll then if someone do sees you that you are doing just fine then you might be given out by some chance that you would really be funded. Not really that much common since these kind of transactions is really that private or something that in deal in between both parties on which it would really be that cant be known if there are really agreements such as this.
The only risks that i do see is that the gambler might really be that be able to scam someone if they are funded and this is why its not really that easy on funders side because risks is really that
in connection on being scammed and this is why it would be better that you would really be making your own bets rather than entrusting gambling balance into others but well there are people
who do really trust up other people.

I don't think it's a nice idea to finance somebody's gambling habit. The supporter won't be happy losing money on another player's predictions. Gambling is made for players to participate and watch luck play out on their side. If people now sponsor gamblers to play games, then I'll assume it's on a mutual level. Depending on the agreement. A good number of people wants to earn big through gambling. And initiatives like financing a friend may not be questioned. If the person is assured of winning big. When that doesn't happen, the friendship will end up in trouble. People do it, yes. But not for long. Players must learn to gamble themselves. Most games requires no skill to play, no good reason should convince a person on taking this action. As the pain goes directly to the owner of the money, not the gambler. Financing other people is mainly on things we can't do, like programming, marketing etc. Not gambling. Even when these skilled people don't get our job done the way we want it, we get angry. Professional gamblers may be a good choice, but never have I seen a skilled gambler seeking to gamble with another person's money. If the player claims to be an exceptional game predictor, why can't they earn big themselves and play with their money. Or maybe take it as a loan, and fund back immediately they win the game. Then continue playing with their profits. Periodically endangering our funds on gambling is fine and we'll have ourselves to blame, when things don't work out. Unlike spending it on somebody else, the blame redirects to them on the long run of no successful predictions. I'd rather be tagged a bad friend than to intentionally fund a gambler, hoping to earn commissions from their winnings. What if they don't win? He'll still expect me to hand over more funds. It's better the player find a way to make money and sponsor his gambling lifestyle.

How I'm I supposed to know?? Everyone should be asking you this question. Does it make any sense??
I won't even try to borrow anyone funds to trade through the volatility of the crypto market... That's just gonna cause another chaos.
I haven't heard of peeps needing to be financed just so you can possibly have a cut from his winnings ( that's only gonna happen if at all he wins) well, it may happen between folks tho.

Sandra 🧑‍🦰

I once worked at a gold brokerage company and I investigated that actually the main goal of my company was to attract as many customers as possible and use the money they deposited to develop other businesses. From this I understood that never entrust your money to other people, they claim to be professionals, especially in sensitive matters such as gambling, it is very risky if you entrust your money to other people even though they promise you winnings, I will never do something stupid like that.

I wouldn't give the person any money because I know that gambling is based on luck and I am not sure that the person will be able to win the game to share the wins together. If I give him such money, this means that I am gambling indirectly because it is my money that is at risk and not his. Therefore, I will prefer to gamble on my own rather than giving someone money to gamble. If you understand that gambling is not for making profit but for fun, you wouldn't go into such deal.

For me, financing a gambler will never actually work. Why? Because gambling alone never guarantees winning. Once we gamble, we are bound to lose. That is the reason why gambling should never be viewed as something that will make you profitable in the long run, it may even bring you on its opposition in the end. So if someone goes to you and ask to finance him, always refuse the offer. It surely is a scam.

That doesn't make any sense at all. We don't need to respond to their requests, especially since they want to gamble with our money. It's different if they borrow money from us to open a business. Perhaps that can still be considered.

Maybe. But I don't want to finance my friend. Even though he said he was very good at gambling, I still wouldn't pay for it.

I've never heard of it before. Does it really exist?

I don't trust someone who gambles better than me, even though I see it firsthand when gambling and being able to win.

I do not know. Maybe someone does.

Your judgment is not wrong. Maybe he has become a victim.

This is a suicide mission mate because the person coming to you to invest in his gambling odd is not a magician to know the end result or outcome of the gambling rather just a thought of prediction which he or she might have calculated. I think anyone doing such should count himself to be blame if the outcome goes haywire. I have never done such and would never make such mistakes. Anyone meeting you to invest in their gambling skills should be able to give you their  track  records to be verifiable otherwise deal with caution as they can not predict a game to the fullest.

My gambling budget is 10% of my income very small money which I may or may not be willing to risk if I have been having a bad time gambling. I'll definitely need two or four witness during our agreement.
It's good to try out new things. The only gamble I'll finance though is sports betting. And this my friend must fulfill some certain conditions like being very knowledgeable about the sports we'll agree for him to bet on.

If it is money I can afford to lose why not give it a try.

If you show your skills here, someone will offer to ride on your skills. Either they'd ask to copy your bets or contact to finance you.  Yep, I heard of financing a gambler but the person must have seen potential in the gambler in order for him to offer to finance him. If they both agree I don't see anything wrong in it.

You can always expect something will go wrong along the way with this kind of agreement especially when bad luck comes.

Believe it or not, practices like this actually exist, whether as you asked in this thread, or those who join in to cheat in gambling.

Let me tell you a little, in my country, in the last decade poker type games have been very popular, what I mean here is online poker in fiat casinos. At one table, there are several people working together in the game, meaning they play in groups and target 2 or 3 opponents as targets. In the scenario, there are several people who act as players and there are parties who fund it. Any winnings obtained are divided into profits together but separately from the initial capital spent. Practices like this are commonplace in my country in the game of Texas Hold'em Poker, and are not even a strange phenomenon and are known to players who play singles.

Just imagine, when you play, you will be surrounded by other opponents who are working together at one table. which means, their probability of winning is greater than someone who really plays purely. In the end, the online site only applies one IP to the player. In the end, such practices gradually disappeared. Plus, many new types of games are emerging and becoming popular, one of which is slot games.
Referring to your first question, suppose a friend of mine asks to finance his gambling. I will give it, but within reasonable limits according to the bankroll I can afford to give. However, I will not ask for compensation if he wins his gambling. I just consider providing assistance, nothing more. after that, there will be no second, third, or subsequent requests for capital. Just imagine, which gambling really guarantees 100% winning. I think we can agree that the answer is no. even in forms of gambling that involve skill. after all, if it's just to spend money on gambling, we can do that too. So, if a friend promises you a win in gambling. better, ignore it.

I have never experienced something like this, nor heard this idea from my friends. Gambling will never guarantee such positive outcome, and if it happens, probably that’s just a temporary luck and soon the luck will eventually vanish. And if someone really dares to ask me about financing him, I don’t think it will really work. First, I don’t easily trust the people around especially when it comes to money, and it would be best to gamble on my own than to entrust my funds to other people. And since gambling outcome will always be unpredictable, and so as the future of your money too.

This thread reminds me of one guy that pisses me off one time, and to date, he doesn't dare ask me for money anymore. So this guy was hungry and asked me if I had some food packed at home and I told him I didn't have any at home but because he told me he was famished and tired, I gave him 2,000 naira  which was equivalent to $4 then because the dollar was trading as low as 500 naira then, could you believe I later found out that he used the money to bet instead of buying food to eat. He told me on his own how he used the money and I told him I was pissed about how he used the money to bet because he even lost everything, and didn't win anything.

I have come to a conclusion that when someone beg me for money and use the money to bet, they are just eager to make quick money and usually addicted, and the fun part of it is that they don't make anything from gambling. There was this guy that came to me sometime ago, said he was about to win some millions but a match made him lose his game, he think giving a try will give him the winnings, I socially decline him of the money, I dislike people who gamble to extreme to make money out of it; gambling isn't a do or die thing.

It does not make sense to someone who is not greedy, but it will make sense to someone who does not know how to gamble and have seen or heard about the kind of winnings people have gotten from gambling and then is interested in making money from gambling even without knowing how to gamble. It is unreasonable, to just want to profit from gambling without any knowledge of it, but so long some money can be made from it, some people do not mind doing unreasonable things.

Yes I heard of it before and 99 times out of 100 it ends badly. You can find a different type of this scam even in this forum. I’ve seen people managing crypto funds and collecting money from the forum members. If you think about it, it is pretty much the same thing. People give their money to a fund manager and the manager keeps the track of everyone’s investments in an excel sheet. If the funds make profits, the participants make profits too. If the fund goes bankrupt, the manager disappears and people lose their money. Whatever you do, don’t let somebody else manage your money. Do your own mistakes and learn from them.

I haven't personally tried it yet, but if you trust the person involved, it might be worth considering. However, the fact that they are the one setting the terms, especially when your money is at risk, can be concerning. To ensure transparency, negotiations should be clear and well-defined, so you know exactly what percentage of the winnings you're entitled to if the bet is successful.

In the realm of real-life business, this kind of arrangement is feasible. If you possess the necessary skills and a reputable track record, there are investors who may be willing to fund your ideas, and if your venture succeeds, both parties can benefit based on the agreed-upon terms. However, in the context of gambling, such arrangements may not be as appealing since the likelihood of losing is typically higher compared to running a conventional business.

If someone you do know did make out such step or decision then just let them be because its their money that had been lent or borrowed out and not yours. It might that sound that dumb on letting someone being funded with their gambling activities then its really their choice but for me then it would really be a no go and would really be that rejecting out such request even if they would really be giving out that 50% share of their winnings. What if it would lose? Then the ones who do make out bets are risk free and you are the ones who would really be suffering losses. I would rather prefer on losing those bets with my own bet or choice rather than on letting others would really be making out such bet. Its not worth and not really that something that gives some good feeling on the time that you would really be losing a certain bet and simply losing money at the same time.

I have heard that there are some people who do really funding out some good rated gamblers or having those good winning chance.Wondering on what would be their deal
in terms of % of profit but there were actually to those who do really fund out those gamblers. Money laundering? dont think so or simply just they arent that confident with their
betting.