Topic: Ever heard about financing a gambler? - page 4. (Read 3435 times)

It takes a lot of courage to finance other people's gambling activities. Only a few people are determined enough to provide funds for gambling, knowing that if the money is lost, the sponsor will be the one who suffers. However, it's possible that the sponsor and the gambler have discussed certain terms and conditions to avoid such scenarios.

Despite the agreement between the sponsor and the gambler, it's still not advisable to gamble using other people's money. It's more satisfying to gamble with your own money because if you win, all the money goes to you.

There are and I have even found many gamblers who pay any amount to other gamblers to gamble with the agreement that has been made. Maybe the level is like boss and subordinate. I don't think that level is a personal gambler.
The daily withdrawal limit is a condition of a casino that encourages it to ask players to play with funds financed by it.

This pattern is different from what we mean here and the principle of don't gamble if you don't have money only applies to gamblers whose finances are not much greater or the remaining money is more than basic needs.

Financing a friend to gamble and share the results of the bet if he wins, is not a wrong idea. But hoping for the win or depending on the money that would be made through gambling is a bad idea. The Financier can do this with no intention of getting a reward. It's not bad to help a friend with funds to do what he's good at, hence the process only gets more difficult, if all we can think of is how to make money from the player's bet. Maybe because of his previous gambling results or other skills he may possess. If the owner of that money wants to make money off gambling, he should do the gambling himself and not rely on somebody else. The result will only help him take responsibility for his actions. Humans tend to blame others and wouldn't want to change such a perspective, especially if the gambler loses his friend's money. He shout and regret why he took such a decision in the first instance, that he would have used the money for something else.

I understand that it's painful to lose some amount of money, but people also need to realize that, money spent gambling can also be used on other utilities, thereby finishing the money. The blame only gets worse if the money is exhausted through gambling. When they use the money to buy some clothes or shoes, they won't regret the idea. Is it not possible for a person to buy clothes for his friend or loved one? and what difference it makes to give a person money to gamble. However, it depends on the agreement set aside by both parties, that determines the action of the financier. And the agreement could be problematic, as gambling isn't a guaranteed money-making scheme. Anybody who wishes to make money off gambling, should take action and do it themselves, not give the money to somebody else who seems to be a competent gambler. The financier could have better luck of winning if he had done it himself. In a nutshell, gamblers who run out of money may have devised such an idea in a way of taking money from their friend to gamble, it's not a good idea and they should stop it too.

It sounds very strange to the ear, but in real life there are definitely people who are determined to finance or sponsor other people in their gambling activities. There must be a reason why they are so reckless, even though later they will face a big risk if they are caught by unscrupulous individuals. Yes, the reasons could be as you mentioned, one of which is so that people support gambling and people get involved in it, so that those who finance or sponsor it make a profit here. it is clearly proven and makes sense.

Therefore, we often hear that people who finance gambling will also enjoy the results when other people are lucky, but sometimes they will also suffer when the results do not match previous expectations.

This sounds funny. Why would you finance a gambler? Why should anybody gamble if he doesn't have money? Isn't that gambling above his means? He's borrowing to gamble. What happens when he loses the money? How does he pay it back? More loan?
It doesn't make sense at all. It's stupid.
Nobody should give money to another person to gamble for them. Gambling is not an investment, it's a wager and no matter how logical your analysis may be, you need luck to win.
In sports betting you can analyze all you want, ones those teams get to the court or field, they'll play what they want. They don't care about your bets.
If you have no idea about gambling then don't gamble and dont fund anybody to gamble for you. If you don't have money to gamble then don't gamble.

In my opinion, someone who sponsors gambling is too reckless without thinking about the risks. People who sponsor gambling are people who support gamblers to continue their gambling activities. Even if they are friends or family members, they should be able to advise the gamblers when the gamblers start to lose control, especially if they want to continue with borrowed money or sponsors, this will create new problems for the gamblers themselves if they cannot pay back the borrowed money and worse still do not make any profit from the sponsored money.

And yes, it is better to use your own money, no matter how small the money we use, we must be able to enjoy it rather than having to bear money that is not our money, gambling with borrowed money is a behavior that must avoided, with the money we have we can freely use it even if we have to bear it risk of losing, you can use your skills with the money you have and if you win you can also enjoy it yourself without having to think about the burden of paying back the borrowed money.

Multifaceted solutions are needed to address gambling exploitation. First, you're right about predatory firms targeting weak gamblers. This is a serious ethical question, not merely a business one. Understanding the human cost of such practices.

While personal morality prevents such actions, society must adopt a healthier gambling culture. This includes abstinence and support system creation for addicts. Educational programs and support groups can help.

Government regulation matters. Responsible government should prevent such exploitation. Authorities can reduce gambling's negative effects by enforcing stringent rules and helping the needy. They protect individuals and promote ethical corporate practices.

Most of the time financial support will not come from family members because with such close relationships, the best way is to limit communication with gamblers to avoid a bad turn in the relationship as well as losing money and also being criticized for harming loved ones. A gambler is still alert enough in this matter and the main characters of sponsorship are black funds and companies, hot interest and just waiting for gamblers in need to advertise their services immediately, then the source that finances this gambler will acquire more using interest rate leverage

The few times I have seen someone finance the gambling of another, the agreement is not always like a loan unless it is to the extreme. How it work is that the person raising the funds already accepted the risk that he can lose the money. This is why it is usually practiced between friends or people of trust and not with random people. What is certain is that this practice does not always work and most times ends in problems. Gambling is a personal thing and by just having the mindset that the fund is not yours, you start being too careful and that is when failure starts. I will not do this neither will I encourage anyone to accept funds from other for gambling.

People who go to others to finance their gambling bets must have known them one way or the other and usually they are people who are friends that gamble together and that is the reason they approach them for such. It is not bad to ask someone to finance your bet, in fact that could be a business because there is always a sharing formula for it as there is also someone bringing the knowledge and another person providing the money to finance the idea that is known as the prediction or stake. So despite that you don't have money, you can get someone to finance your prediction. In fact I have seen someone that people always rely on his predicted game to gamble on it so you can also see that as financing the prediction.

I would be a bit confused for a while and then begin to consider the benefits and drawbacks of financing someone I knew to gamble if they approached me and asked for my help in exchange for a share of their winnings. Naturally, in order to prevent future conflicts, I make sure I trust the person I lend money to when they gamble and decide how to split the winnings.

In the past, I used to be a gambler and experienced being funded by a friend. For example, when I want to gamble more but don't have enough money to do so, my friend comes to my aid and gives me free money, but in the end I always lose. I thus came up with a plan, borrowed some cash from friends, and sponsored a very successful gambler that I had noticed. I'm grateful that, despite my ignorance of his identity, he distributes the money he earns equally once we negotiate. It's my luck that he's kind.

Why would you trust anyone to gamble better than you can when it's all about luck?
Even though gambling is not entirely dependent on luck, it also requires skills.  It's evident that I trust that person to gamble since they are more skilled than I am. Furthermore, I am aware that I have no luck when it comes to gambling, so why am I being so hard on myself when I can just lend someone money and take a cut of their winnings? All I have to do is kick back and cheer for him to win. Financing someone to gamble is not always a terrible thing, but you should be careful who you choose to finance. Some people are termed victims because they can distribute money unequally, flee away, or be ignorant to the value of money.

If a common people is financed he will try to repay his loan. In that case, when he takes a loan, he decides in advance how he will repay his money. But a gambler can take decisions on loan matters at any time. Because he never knows when he will lose. Moreover, when he loses a large amount, he becomes frantic to recover the money. He cannot take any decision at that time by his natural wisdom. If he had been given money at that time and lost it unknowingly in gambling, it would certainly not be easy for him to repay the money. As a result whoever finances him will lose absolutely everything. Even the relationship formed with him will be lost. I think that if a transaction of small sums can be made, it is better not to expect to get back the money.

There are different reasons.
One example is a poker player trying to enter a tournament but he can't due to lack of budget. Let's say he is really good at what he plays in gambling but without financial assistance, he may not join the tournament.
That's when he will look for investors who are willing to sponsor a part of that tournament ticket. But, the gambler won't like he doesn't own the money because it's possible that a big chunk of that ticket value is on him.

We cannot just judge every gambler who likes some sponsorship. I have a friend who has done that up until and I actually cannot get a slot because many friends in our circle have already promised they will invest in him.
That's another option to avoid scams in this kind of investment, be sure that you really know the guy who will play so that you also know where to find him in case he doesn't pay the promised amount.

yep, that's right mate. If he is a professional gambler who always makes a profit every day, there is no way he will borrow money to gamble.
sometimes we have to be careful in gambling and we have to be smarter people in this matter because there are many cases like someone who has just entered a casino has no friends and is welcomed by strangers and over a long period of time they become friends and in the long run long the person will borrow money to gamble and the approach will only want to use the money.

in this case we dont have to give a loan to a friend just to gamble unless he borrows for something else and rather than lending to an unknown friend and just relying on luck it is better as @kamvreto said funding professional gamblers and my suggestion is to choose funding professional gamblers who betting on types of bets that rely on skill such as poker. because with this your money will be a little safer and gamblers who are professionals at playing poker can definitely be relied on.

Even a professional prefers to finance his own gambling and does not want other people to finance his gambling, although perhaps many greedy people want to win big money but are limited by gambling sites so he chooses to finance someone to gamble for him, even though it is risk-free but still financing anyone is very not recommended because it is better to gamble with your own money rather than using other people's money.

What you said is also true that a good principle is not to ask anyone to pay for the gambling we play. Using our own money and our own risk is better than looking for risks with other people's money that we don't know whether there will be problems or not in the future, it's best to avoid anyone who want to finance the gambling we do or we finance other people's gambling. If you don't have money, don't gamble.

I've never seen this as positive on the humanitarian side, but the business side where someone can see a means to make money easily, it's an option. Still, I believe that the people without a conscience should be engaging in this kind of financing as it only amounts to making money through the weakness of others, it's just a mind thing and the weak in the mind will be the most victim of this arrangement. I can't venture into this because, it is not in my nature, I rather help people in their gambling challenges, not that I will be using that to enrich myself.

This kind of pople that would deem it fit to be short of money to gamble and now resolve to borrow money for it are already suffering from addiction, we don't need anyone to tell us that. Only that addictions are in stages, and if allowed to grow even more, the person might cross the red line and that might be the end for a very long time. Aside from that, I don't think any responsible government can even allow this to happen in their country when they know the financiers are targeting the gamblers indeed. This is like exploitation, they will find the mean to tackle it and it might be a business at at a loss when the governmnet did that. Which is a very good reason for such persons to think otherwise unless they want to be running it as an illegal business.

Now you'll have to think this through a bit. Normally you're right about the part that it's a waste of your money to finance them of their gambling habit but keep an open mind about it for a second and consider your friend's gambling skills, are they winning a lot and are doing strategies that make them have more money in their gamble? If they're making bank with gambling consistently then it's a good idea to consider financing them but if it's not the case then you're going to be declining whatever that person's asking of you. Now you're statement that you're wasting your money would be the right one. My other statement isn't also that true though, there's the fact that why not just sustain themselves with the money they win in gambling and keep upping the bets or ante to increase their wins with their own money.

It is not a good idea to do so by giving him the requested money instead of the partial reward that will be given from the winnings obtained.
Winning is not a result that can be guaranteed to be achieved by players in gambling. If he wins, he will keep his promise, but if he loses, what will happen to the money we gave him?

The principle of a gambler is very bad if he wants to play but asks for capital.
No money, don't gamble. I think this principle should be adhered to by gamblers.

Providing financial assistance to a gambler should come with grave consequences. Not only may the gambler lose the money they borrowed, but they may also damage their relationship with the lender. In extreme cases, the gambler may even risk their life by using other people's funds to fuel their habit. Personally, I would decline such an offer even if it came from a close friend. It's better to lose a friendship than to lose my hard-earned money and trust in my friends.

Why would somebody be sponsoring a gambler, they're only encouraging the gambler to continue gambling and get addicted as the money isn't comings from their account. This is just a waste of money, nobody should be enjoying gambling with money that isn't theirs. If you're a gambling and you're been sponsored, stop taking that money and work out for your own money. This will help you when you win big amounts so you don't have anybody taking a big share of it as they sponsored you.

Even when you're very good at predicting games and you're been asked to be sponsored, avoid doing that as it takes aways the risk of losing your money from you so you gamble like you're using a demo account money and would use wagers thata are more than you can risk. Avoid using borrowed money or others money to gamble, use the little money you own and grown your account gradually.