Topic: Ever heard about financing a gambler? - page 8. (Read 3435 times)

Precisely! You should gamble what you can afford to lose and you don't have to find a financer or borrow a money to a bank or other lending company just to satisfy your gambling addiction because if you do so, You're giving yourself a chance to ruin your life because we all know how debts and addiction ruin everything especially if you cannot control them.

That is a door which must never be opened, asking for a loan to gamble or giving a loan to someone else so they can do so is a bad idea.

One of the most basic principles when it comes to gambling is to only do it with money you can afford to lose, and money that you have received as a loan does not qualify as money you can afford to lose, as by asking for a loan you are basically admitting you have no money you can dedicate to your gambling hobby, and if that is the case then you must not gamble.

We can borrow money to bet if we want but we don't have to make it an habit. Gambling can be very interesting when we are making consistent profits from it but that should not make us to be too focus on gambling since we can easily get accustomed to it. If we are generous gamblers, it shouldn't be a hard thing for us to sponsor people around us that might be interested in gambling. Gambling is suppose to be simple and less often.

If we keep gambling and we don't control ourselves we can become a bad gambler which the endpoint can be addiction. Once we are disciplined and know how to reduce our interest in gambling, then we end more as a reward.

I'm not a medical professional and based the post on my personal experience, so surely it is incomplete and not thorough about what and how to handle such a case.

A lot of ways and methods are required to help such kind of person, and mere words contrasted with the issues the person got is a no match. Nevertheless, we should not discredit its importance when it is being handled by the therapist or professionals. They might seem does not to care, but if it is done gradually, it will have an effect no matter how big or small, that is to assume it is part of the healing processes.

Surprisingly, funding a gambler is a gamble. Like you, I think this is risky. Why? Since the financier becomes an indirect player, sustaining losses without the joy of the game. Almost like a shadow gambler, invisible but involved. Shouldnt risk be assessed for sustainability rather than short-term gains?

Healthy gambling emphasizes control and awareness, although rapid wins sometimes eclipse it. Financers, blinded by possible wins, disregard this. They ignore human nature, which favors hope over reason. Thus, they bet on luck and human behavior as well as money. A dangerous venture. Why not invest in risk comprehension and mitigation rather than mindlessly financing them?

Ever heard about financing a gambler? No I mean maybe there is a person who loses in gambling and borrows some money But in financing trading I hear it a lot. some high-yield investment program has a similar case like that.
But gambling is a different story in my opinion even tho there is person like that I don't want it tho.

But the last time I remember there is someone out of nowhere DM me in telegram and said that he is one of employees gambling company and he said to me "I can make you always win" he showed me but the website was total cap. and the chat deleted.

Not everyone is the same, but a large portion of gamblers who gamble on loan fail to keep their word. I am telling from my real experience that I had a good friend who suddenly asked for a loan and after I lent him money he could not pay it back. When I pressed him for money he told me about losing his bet. Since then I don't like to lend money to any gambler for betting purposes. Even if they win, they don't get paid because they bet their entire money to double that money and then lose. lending them money means losing that money.

Yes, some people may gamble better than you because they increase this wining chance due to certain statistical calculations, but financing the gamble? I wouldn’t really do that because it’s gamble, I mean… I’d rather lose my money myself than someone losing it for me. You know the way you can bear the pain you inflict on yourself better. But yes, people do this. Sometimes because they are broke and just want to gamble, so your friend could just walk up to you and you guys cut a deal where the money may be split 70:30 or whatever the agreement becomes.

I completely agree. Lending money to someone with a gambling habit is indeed a risky business. It's always better to invest in something more stable and secure. Gambling is unpredictable, and the chances of losing are high. Protecting our financial well-being is crucial, and steering clear of lending money to gamblers is a wise decision.

Well, we can comfortably say anyone that’s financing a gambler is in a way gambling himself. But the only thing is the financier is only the one that would bear all the losses.
The one doing the financing has to know that winning doesn’t come all the time irrespective of how good the person doing the actual gambling is.

Personally, I think it’s too risky to partake in. Cause you’re the only one who bears all the losses while the person you’re financing would play with funds that’s not his and be totally safe from any risk irrespective of the outcomes of any bets placed.

If we think deeper, then financing a gambler equals stimulating addiction. If a gambler needs to take someone else money, then he is already in financial trouble. Giving him money means making his problems even worse. And unintentionally, we are getting part of his problem. Which means we are buying problems for ourselves with our money. I dont want that for my money and I would not finance a gambler. But the ones who do finance a gambler, are the same addicted gamblers.

It is true what you say because there is no guarantee that someone who has been financed by gambling can win from gambling. That person will only have the possibility of losing from gambling because we know that getting a win that can return the money we lost at the gambling table is difficult, so we think that it is not a good idea. Those who want to finance their gambling must also think that they will not be able to win easily because, in gambling, victory will only come to the right person who has luck and can analyze his gambling well if he chooses sports betting as his bet. They shouldn't take the risk of losing their money if it is to finance someone to gamble and it is better for them to just refuse it than for the person who asks to be financed for their gambling not to be able to pay back the loan.

So, that why it is highly recommended not to ask other people for certain amount of money in the form of loan or whatever if it is just for gambling. And it is also not recommended to give loans to other gamblers as betting capital even though there is an agreement on sharing the results if they win.
Gambling is full of risks and gambling always brings lose so daring to borrow money or lend money will only harm each other and can make things difficult for each other in the future.
What even worse is that it can result in disputes or disputes between the two parties who use the money as gambling capital and also the party who provides the money.
But I also don't know why there are still incidents like that out there and those who borrow and lend also feel so calm as if there are no problems that could arise.

I personally would rather not continue gambling if I only rely on money from borrowing and it would be better to avoid all forms of action that could cause difficulties in the future.

Yeah that is going to be cool by me but in the first place of his approach, I would decline and make him feel like I am not interested until I would make him humble like he is borrowing the money.
I know gambling to be such a lucky game even either of a skill-based or chance-based gambling.
I know that skill-based gambling has some little tendencies to be winning assurance but which novice wants to game with an expert?
Of course non so it is definitely going to be something like novice to novice and experts to an expert.
It is not just guaranteed that he would win.
I wouldn't be so flexible to his will because I wouldn't want him to see that eagerness or interests in making profits of it.
So if he agrees, we can bargain it to be a loanshark whereas if he looses he would have me payback with a concrete agreement with a collateral.

Here is a thread I made about in a month ago where i brought about a discuss to "Quit Gambling and invest in gambling".
The contexts of the threads is how I want to quit gambling and start loaning to ganblers with the possibilities of asking for collateral and insighting of the gamblers reputations before the deal.
And I intended having a governmental loaning permits.
I guess this has sounded legal and easy for me to legally follow up those who has refused for a payback.
https://bitcointalksearch.org/topic/m.63157282

I don't think so that financing a gambler is a good idea it doesn't make any sense. Gambling is all about luck so there was no guarantee that one person who will be financed I mean The Gambler will won on his betting and he can give you a portion of his winning reward.  I don't want to talk about the others thing there is a rule of gambling that invest as much as you can afford to lose. Here the first rule will be broke if a gambler take money from others for his gambling.

They make a promise only to receive money from others so if they take money and loss that amount then they once again beg in front of others for some amount of money but people never trust them. Gambler is in search of only single win that can make their life change but they don't remember that they are putting burden of borrowed money on them which they cannot return to the owner.

Gambler when realize that nobody is ready to give them money then they initiate making money through selling their homes and lands and at final stage when they don't have anything to sell then they start to steal money and other expensive materials from others. So from this it is clear that gambling is the foundation of every bad deed and if a person cross limit of gambling then he will not consider mentioned acts as a bad.

Thats totally a regretful thing if you do let someone to play with your own funds, i dont know on whats the actual reason on why there are people who do really finance up some gambler.
If they could really just that simply bet on their own then it wont really be regretful but since there are ones who do really aim for profitability on which they would really be targeting into those
gamblers or bettors who do have a bigger chance or having that good winning rate on which they could at least assure themselves that they are on the right person without even
trying to look at on the risks involved that not anyone could really be that so lucky from time to time on which it would really be causing up that much huge devastation when unlucky times do hits.

If you do that then I think it's nothing more than you making your money for nothing, it's true that there is a chance of winning in gambling but what you have to understand is that the percentage of wins is much smaller than the losses and you have seen clear evidence that there are more losses than wins, I'm sure the goal of people who finance gamblers is that they want to make money and then share the winnings with the gamblers they hire, but can't you just think realistically? I don't think you can accept the risk of losing because the very spirit and purpose of financing others indicates that your goal is to win and not to lose.

Honestly, I don't care whether you are financing a professional gambler or not, but gambling is all about winning and losing, if there are wins it means there are losses, and obviously the casino's goal is to profit from losing gamblers, so with that alone you can be sure what your fate will be. Instead of getting a win but the opposite happens, defeat dominates. On the other hand, even if it's just a loan, I still think there are doubts, I don't believe the person you lend it to will be able to repay it if they have an active gambling habit.

Funding a gambler will be better if you just have it at the back of your mind that what ever the out come is you are willing to accept it els you will have yourself to blame because wining is not guaranteed regardless of how well the person is good and experienced at gambling there will definitely be losses at some point .

Lending money to a gambler could be very risky because there's no certainty of payment except the gambler turns out lucky almost immediately but then at that it also happens that greed could set in and they would wan to further grow the money and may end up loosing it again to the casino and most likely come to beg for  an extension in the payment time so when lending a gambler just be aware of the risk involved and the gambler my further add to their Dept in the bid to recover.

It's really dangerous to lend money, especially to a gambler, even if he's your friend, as long as he gambles, it's really dangerous. If you lend money to a gambler, it's like taking a stone and hitting it on your head. It's better to use the money and invest in another business than to lend the money, we know that it will just run out because we are talking about gambling, we often lose here rather than win. If he loses, how can he pay you, don't gamble with the gambler, it's too risky.