Topic: Ever heard about financing a gambler? - page 25. (Read 3435 times)

No, it doesn’t make any sense to me. If anyone walks up to me with offers like that, I will reject them instantly. Gambling is not a business, so profits shouldn’t be expected, you don’t have any assurance that you will win. When gambling, money shouldn’t be your main target, and don’t gamble with funds which will have effect on you after losing. If you are granting offers like this, then you are just trying to cause problems for yourself because you won’t be getting your money back. If the amount you give him is lost in gambling, how will you get your money back?

I haven’t heard about it before, but I know the result is really going to be horrible. Just ignore people like this or just inform them that you do not have money that you can use for such things. If you want to give him money, you can do that, but if you don’t have the mindset of collecting it back or expecting some portion of his win, you will be disappointed.

Most people looking for financial help are always addicted to gambling, they might have lost all their money in gambling, and they are looking for funds to continue gambling, they are always having confidence to win. If you gamble responsibly, you won’t want to get money from anyone to gamble, and then promise the person some share after winning.  If you can give a person like that money, then you might not be getting your money back.

- To me, that sounds really foolish. Why would you lend money to someone when you have no idea about their gambling or trading abilities?
- Honestly, I've never encountered a situation like that. My friends usually ask to borrow money for trading or invite me to invest in a crypto project together.
-  And if I were in a situation like the one you described, I'd rather use the copy trade feature available on exchanges; it's still a safer option than trusting a complete stranger.

This seems like a deceptive scheme, and it's likely that only individuals lacking in critical judgment would fall for it. The promotion appears to emphasize the potential gains while conveniently overlooking the associated risks. In reality, such offers are typically skewed against your favor. You, as the participant, bear the primary risk, and even if successful, you might only receive a fraction of the winnings, not cool.

I have done this a couple of times and I can confirm it can be favourable sometimes. Personally, my work do not allow me time for gambling sometimes so I will just send my gambling funds to a friend that is good in it and we share the proceeds. Something, the money is also lost which is normal but the few times I have done it, it yielded more profits than I have lost.

There is one thing I noticed about it; when he is gambling with funds entrusted to him by me or any other, he tends to be more serious about it and this is different from when he is playing with his own funds. Because of this, he always suggested this deals which I think have been profitable thus far.


Gambling also require skill.... I think lack of skill is where many gamblers miss it. For example, there are some selections some people make that is not common and they always win with those selections. Therefore, skill play a part in the successes of a gambler.

That is plain stupid to say the least unless this friend of yours have a proven record of being good in poker or sport betting which are games that involves some sort of skill and are not 100% luck relevant.If someone is not good with these sports and wants to ask a financing to his God forbid slot session that is throwing money away.I have never done that and I would be very very reluctant before making such move if I will ever decide to back some sort of winner in poker or sport betting as I said and not in other games.It absolutely doesn't make any sense and as I said in most of the cases is money thrown away.

There are some threads here that are similar to that. They claim to be good at gambling or sports betting but they don't have the money to bet which I find quite ironic. I don't know if anyone has actually sponsored them but all comments I've read are questioning the poster's reputation and rightly so.

If I personally know the person asking and I know that he's better than me at games like Poker then I may consider contributing to the buy-ins. I don't think I'll ever give someone who is going to play games based purely on luck.

There are a lot of risks attached to financing a gambler because even if he is good at sports betting there's still such a thing as an unlucky run if you believe in his skill you should put it on paper and as much as possible there should be collateral or a guaranteed source of payment.
There is such a thing as a casino junket but this applies to offline casinos and it's exclusive to VIP players.

https://finance.yahoo.com/news/casino-stocks-101-junket-144747816.html

There's no guarantee financing a gambler unless he is capable of paying you even if he loses but if you're going to lose also don't go for it, it's your money and you don't let other people gamble your money without a guarantee.

Yes, I've heard of this before. It's not really a bad thing , it's just that it isn't widely practiced due to its risks, especially that money and relationship are involved. It's hard to enter this kind of set up though given the risk, I would rather not. This is because you will put your money and friendship at stake because you trust the person to begin with. But what if they fucked up? All you will get is an apology, you're even lucky if you will receive such and not be ghosted afterwards.

So if you plan to do this, do not ever forget to have an agreement that's been notarized by an attorney as your evidence. That way, you can be assured that if things go south, you can still get your money back. It's hard to trust with verbal conversations only as proof afterall. Life is hard, so you must do your best to protect your assets and to keep connections. Just also pray that your friend is really skilled and lucky enough, because the earnings will still depend on what he will encounter for the day. Ask a clean breakdown as well so you'll know you aren't being cheated on.

Gambling is addicting and when someone believes they're going to make back what they lost through more gambling, it's a very sad fallacy. If anyone came up to me asking for money to gamble I'd either very politely explain this to them (that is if I appreciated that person), or outright say no. Any game of chance is skewed by the house edge so it can be sustained. Then if we're talking poker maybe if a player is really good he can earn against other players in the long run but it also depends on chance and can lead to great upsets. In the end of the day, if someone is good at something, let him finance himself. If he needs to borrow to gamble then he should not be considering gambling in the first place.

Your judgement is right. Why bother to invest into something that you fully understand that the chance of earning is at risk, we are talking
about gambling and no one can guarantee a sure winning outcome from time to time.

Even it's a friend or a close relative, there's no assurance that they can win every time or they can have that advantage in dealing with it.

Though, we do have different views about it and maybe there are some who can practice it (just maybe), but still the chance of losing
is far higher than the chance of making decent benefits, better to gamble according to your own and not to invest out for someone.

It doesn't make sense to me and I will turn it down right away, gamblers who do that are gamblers who cannot keep up with their gambling they have to find people to fund their addiction and I will not be the party to contribute to his addiction.


I will also decline trading unless the guy shows me his trading history and he has a good percentage of course because of the nature of trading I will ask for collateral.

You'll eventually throw your money away if there's no collateral involved

If it is sports betting and he is good at this why not of course with collateral

It's possible some of those who asked for loans but I'm sure they will not admit it.

The bottom line is don't feed his hunger to gamble let him spend his own money and advise him to gamble money that he can afford to lose.

Its like the same that come invest to me and you will earn some percentage of the money you in trust on my activities and this is not good idea since imagine what if he lost your money? Do you still have a compensation with that? Since mostly once there's a trouble will happen provably your money will totally gone. Also you don't know if your friend is honest with his gaming session so there's a lot of things that is negative with this idea.

For me I wouldn't trust anyone especially if I know that they are dealing with so risky matters and will not let them to have my money since I always like to be in charge of my money so that I don't blame anyone if I lose my money. Also trust no one especially if they say something unrealistic return if you try to trust them with some certain amount.

Apart from gambling, I won't lend money to anyone unless they provide a valid reason for needing it. Many people make the mistake of accumulating debts due to gambling, which I see as an addiction. Gambling should be for entertainment, with the possibility of making some small profits. I cannot provide money for gambling because there's no guarantee of winning, and I won't consider such a request. If you want to gamble, use your own funds that you can afford to lose.don't borrow money because you can't afford to lose it. In my opinion, it's unwise to lend money to someone for gambling and hope to get it back when they cash out their winnings.

It doesn't make sense, because if the person is sure he will win or always wins at gambling, why does he need other people or friends to fund it. And why didn't he fund it himself so he could achieve complete victory, and if that was true he wouldn't have asked anyone else to fund it.
And I've never heard of it and if I was asked to fund someone else's or a friend's gambling in exchange for getting half of the winnings, I wouldn't do it. And the reason is as said, because it doesn't make sense and if you always win you don't need funds from other people, and he also definitely has a lot of money from his winnings.
Unless I know the trail of gambling results that always win and also have a lot of money or become rich from gambling, maybe I will ask for it myself and even other people will do the same.

This question has been asked before but not in this form; it was “is it good to take Lon for gambling purposes?” And the answer we got back then was “no” if we’re to take the average of all that came out.

I have never been approached for a loan for gambling purposes and neither have I seen someone that role loan just so that they can gamblie with it with the hope of them winning and multiplying the money by 2 folds… it’s seems stupid to me ngl, because I can’t just walk up to someone and take a loan from them and then put it in a place that has the tendency to make me lose it and if someone comes to me for assistance revealing that they want to gamble with it I’m definitely not going to help them unless they are rich or have an assurance of my getting back my money that is they have a source of income that won’t fail them when it’s time for them to pay back the money, that’s the only way I’ll listen to them.

I have never heard about this before as well, the only thing I can think about now is the person that comes seeking for fund, I think this is an habit of an addicted gambler, once they run out of money they can find means to confuse people to invest in them, maybe the person OP is talking about is one way vulnerable to the gambler, these people are very good at manipulating people, especially when they see you as a vulnerable soul at the moment.

If the Victim is a friend why not advice them to never fund any gambler? The end result will be very bad because the gambler will lose all that money, gambling is gambling and there is no skills to always increase your wins, you will lose and you can't escape it, the winner is the owners of the casino, they sit back and watch how you fight to get lucky, sometimes this is how I feel, like they are laughing on us, turning gamblers into laughing stocks.

Even in crypto trading and forex trading, I will never fund any trader, as this move has one landed my cousin into a very big problem, at first the trader was making good return and things are going fine, and my cousin started using other peoples fund so that the income will increase a lot, one day all the money was gone and he ended up in debt.

There are very limited circumstances where this undertaking is a potentially viable dealing. Two limited circumstances I can think of, one being highly unethical and the other being a normal practice, is loan sharking and poker staking respectively. Loan sharking is self explanatory, the lender/loan shark can exercise unethical means of recouping funds with the large interest generally entailed for profit. Again, predatory and unethical. On the other hand, if a player who is skilled at a game where odds can be made positive, such as in poker, it is possible that other players or profiteers will try to buy some of the action. It can end badly, as all gambling and lending combinations can, however it can be successful in some circumstances.

One other unethical circumstance is when a fix or cheat in the game is found, however that is another unethical scenario and is not entirely relevant to the conversation as it adds the factor of cheating.

Even if he shows his winning and success rate I couldn't because I'm not a financier I have a hard time financing my own gambling session so I cannot do that to other gamblers.

If the success rate is good, and you are guaranteed to make a return on your money and you have the money then it is possible there are actually loan sharks at casinos that will give you money in exchange for a contract or car, or even your watch.


Gambling has no guarantee you should explain that your friend should not lend to people who are into gambling because there's a possibility that he cannot get his money back because gamblers are looking for money to gamble they do not like paying people unless they win a big amount.

I have never heard that before and I have never funded anyone before since I already knows the implications and the risk involved while involving oneself to that silly investment. We know too well that gambling is a game of probability and no one knows when their winning is defined or not, when you funds such people or such event it's assume that you are also adhering to rules of gambling and whatever comes as the outcome none of them would be held responsible since is a game of luck.

I will feel that such a friend wants to set me up. He or she wants to put me in trouble either between us or with the law. In my wisdom and common sense, I will respectfully decline. Money and friendship do not mix. I have had a bad experience from this.


Even with forex or crypto trading or any investment at all, very extra care and caution needs to be adhered to. Because when you lose the money, that friend would show you their very bad side that you would never believe that it is someone you call a friend that is acting in that manner.


In gambling, I have never heard of such before but in other spheres of life, yes. And 90% of them do not end well. It will lead to broken friendship.

No. The best I can do is take your signals and do my analysis on them.