Topic: Ever heard about financing a gambler? - page 9. (Read 3435 times)

Yes, that's true because in the future the relationship between the two people will become strained and become distant because there are problems that are actually trivial but seem big. This problem might also be bigger if the money borrowed is also large because, with a large amount of money for gambling, a person will become more confident in being able to gamble longer. He will not think about the losses he can get from gambling, but he only thinks about when he will win. And it's no good if he still wants to finance the gambler because he will never know when his friend will win, and he should be able to prepare to accept the defeat that his friend will experience. And if that happens, he will also experience losses so that his friend will not be able to return the money he borrowed.

That's why we have to be careful if there are friends who want to borrow money from us, and we should check it first before we lend money to them. We already knew from the start that there were friends of ours who often borrowed money from other friends to gamble, and this time, he wanted to borrow money from us. Most of them will lose all their money at the gambling table without any chance of winning big or recovering their losses or breaking even. They will become increasingly emotional because they have experienced total defeat and spent all their money gambling, so they will look for other people who they can borrow money from. They will only leave their traces on many friends, and we are already among the people who gave them loans, but they couldn't return the money to us.

In my opinion, lending money to gamblers is too risky, especially if it is your friend who is lending it, even if give a reward if you win the gambling, because the gambler does not necessarily win the gambling because it is not certain and in fact he does not return the loan money because there is no guarantee whatsoever, so he is free to return it at any time and this can worsen relations between friends due to the loan.
Don't occasionally take advantage of profits in the midst of gamblers who need money to continue their gambling activities in the hope that they can return it at an interest rate because this will cause losses for themselves, especially if you borrow without collateral then the party to will also suffer losses.
let gambling addict do what they need to sell their own goods without need to lend them money.

Such practices will only cause trouble for both friends. If the person doesn't win any money the rightful owner of the money won't feel happy about it. The other person may not be a gambler but has been convinced by the winning stories of his friend. And wants to give it a try. He may have developed some sweet syndromes, thinking about how big they'll become if his friend wins. So, to some, it's not their fault that they financed the gambler. And the gambler won't take the blame either, thereby ending the relationship. Hence, it's not advisable for a non-gambler to finance a gambler. Suggesting gambling with the money instead, it's not possible for a gambler to finance another gambler. Everyone will prefer experiencing the fun, and winning themselves. Only newbie players will prefer handing out their money to another gambler, as they don't, yet, feel familiar with gambling.

As regards to borrowing money, compulsive gamblers who look for deceitful methods of taking people's money, will not tell the money lender that they need the money for gambling. It'll reduce their chances of getting approved to receive the money. So, the gambler will need to do anything on his horizon to convince the person to lend him money. Giving meaningful reasons as to why they need the money. Most of them lose out all the borrowed money and risk their life. As they'll feel vulnerable for owing a huge amount, which they can't account for, how it vanished. Many gamblers in Australia left this world for such reasons. People are advised to conduct underground research on whom they lend money to, not to contribute to the despair of that person. He should be left with no money, then given money to gamble. Engendering his life and wasting money meant for society.  

If someone really does want to lend money to a gambler, don't expect that he will respect your arrangements.
Because losing is inevitable on this game, and you can't force the gambler to pay if he lost all the money.
This is why a gamblers can easily be digging his grave of debts after debts from everyone.

Financing other people to gamble is an action that is not recommended because of the loss factor that he can experience while he has to return the money he borrowed. He may not necessarily be able to win from gambling because it is not easy to win from gambling. If that person loses, he can't pay the money, so we also have to lose. However, if they win, we can ask for the money he borrowed without having to ask for anything additional because the winnings are his. We should avoid financing someone who wants to gamble and advise him not to do so because it could make it difficult for him to pay back the money he borrows.

Yes, gambling is entertainment for anyone who wants to gamble. So we don't need to fund someone who wants to gamble for whatever reason. Even if he says he is very good at gambling, that doesn't guarantee he can win. We have seen what happens to people who gamble, and most of them experience losses, which are often very large. We also have to remember that by funding someone to gamble, it means we can lose the money without any return from him.

No one will know what the outcome of his bet will be, and if he loses, he will lose all his money and will not be able to return the money he borrowed. That means we also bear the risk of losing, and we may not be able to accept it because, after all, he has to return the money to us. Yes, I agree that we don't need to do that, especially since we already know how to gamble and can play several gambling games. We should gamble with the money we have and not need to fund other people because we also have the chance of losing like other people. But if we lose, it will be our own responsibility and will have nothing to do with anyone else.

It's indeed risky to lend money to others for gambling. Gambling outcomes are inherently uncertain, and even if someone wins, the responsibility of sharing the winnings may arise. As you rightly pointed out, if the person loses in gambling and has difficulty repaying the loan, it can lead to financial and personal problems. Moreover, People struggling with gambling addiction may resort to various means to secure funds for their habit, including seeking loans or selling valuable items.

This behavior highlights the detrimental impact of gambling addiction on personal finances and overall well-being. People being cautious when considering financial transactions related to gambling and recognizing the potential consequences of lending money to someone engaged in gambling is very impoartant. Encouraging responsible gambling practices and seeking professional help for those dealing with addiction can contribute to a healthier and more sustainable approach to gambling.

Lending the money we have for them to gamble is not a good thing to do because it will be a problem if they lose in gambling and they have difficulty paying the money they lent, financing other people to gamble will not necessarily result in winning and if they do Winning is of course the result of that win, so we have to share it with those who play the gambling, most of those who have experienced an addiction to gambling will of course look for a loan to be able to play the gambling they want and they will try various ways to find a loan to gamble and there are also those who sell whatever valuable items they have for gambling.

Gambling is just entertainment, the reason why is because there is no guarantee whatsoever that anyone is going to make any money, so that makes the idea of funding gamblers absurd, it's like you're riding on their coattails and even if you did there's no guarantee that the person you're funding is going to win. So everything is still gray, nothing is certain and therefore as you said it is better that they use the money for their own gambling in the sense that they do it.

The gambling results of the person you're funding can be good or bad, it really all depends on how lucky the person you're funding is, and if the session ends up losing the fear is that the scenario can become a problem, or you can't accept the loss and end up arguing and fighting over something that shouldn't be a problem. Honestly I wouldn't blame the person but rather I'd blame you for being careless for lending it. If they win I think the proceeds from the winnings will be split with you, then if you can do it yourself with the luck you have why don't you do it yourself? anyway if you win it means all the money is yours and you don't need to share anyone.

So, with what you say, I agree and indeed every case that occurs should be handled with several different methods because that way it will be easier to see the progress of changes in person to recover in the most effective way.
Moreover, what you said previously was only about different cases, not about how to handle it as whole.

I know that and indeed giving certain words will provide encouragement and motivation so that they can continue to make various efforts in the healing process or solving problems that are currently occurring.
But just relying on words like that will not be affective because everything can go according to plan in success in recovering or solving problems if there is evidence or guidance in the process.
Most people don't really care about words and they can only accept and apply them if direct steps are taken.

Yes, it's true. It is better if he gambles with his money rather than lending his money to other people who will later also use it for gambling. It does not make sense to finance a gambler because, after all, the results of gambling may not be good, and they will find it difficult to win. And if they don't win, they will only lose their money and won't be able to return the money. People who want to borrow money to gamble can borrow from banks or other places, so they can't get the money if they don't provide collateral.

While it is true banks and providers of liquidity do not care what their clients want to do with their money (as long as they pay back). I wonder if with all this technological advances we see nowadays and with the data collection/ data gathering we see everyday, it would be just matter of time before we start seeing  banks deying loans based on the gambling activity of their clients, regardless of the credit score. As it stands now, what matters the most of them is the credit score, nothing else, but I would not be surprised if they went that far in order to reduce being exposed to defaults by relatively new clients with no credit score.

Also, it exist the concept of Halal banking, which would not normally invest in industries and services which are Haram according to the Sharia. Would those Halal banks be willing to deny a loan of they know one is going to do with it, deposit on a casino?

I have seen it only in the movies and even in that the end result wasn't good.
Nobody in their right mind will ever finance a gambler because it doesn't make any sense. Instead of financing a gambler he can gamble himself.
Let's consider someone says his luck is good but even in that case why would the gambler not use his own money.

What that will be common are loaners. They will not be specific if they are borrowing gamblers money. So if you are a gambler, or not a gambler, you can borrow money from such person that loan. The person or organization do not care if you gamble or not. So with this, it is indirectly existing in all countries.

It is gamblers that should be wise, know the law of probability and not to be addicted. Gambling addicts are the ones that are borrowing money to gamblenand they will still lose it.

Gamblers can do a lot of crazy things, I mean the things that are not expected by sensible people, and at that point, one should know that such gamblers are out of their senses and rather need help, and not loan. Gambling should be engaged responsibly, that is the only way we can enjoy it and will not ever regret that we know it. But when it has gotten to the point that the gambler has started using the money they can't afford to lose to gamble, then the problem has started. This will continue like that if not checked and will be getting worse to the point of using available spare money they could find or have access to whatsoever to gamble. This includes their access to a loan and in most cases, the loaner will not know what the gambler would want to use that money for, and as long as they could pay the money, the loan would be issued out. But for those who would be financing gamblers to gamble, at first they are bad people if I must say.

The fact that gamblers would resort to borrowing money to gamble can only mean that they are out of their senses, they are addicted and rather need help, but not to borrow money to gamble and probably lose again. It's like the lender is tapping into the weakness of the gamblers to make more money and does not care about the humanity aspect at all. I don't see this as good and I don't expect any responsible government to encourage it if they find out.

I don't think this is common anyways, maybe it's not a common thing from where i live in my country or so, I don't see any sense in making a sponsor or a pay later offer on gambling that it's not sure that the gambler is going to win, if it had been a sure and guaranteed game bet, the first person that would have love to join will be the sponsor, instead, i see it more of a way of getting gamblers into debt and later be used as ransome against them because when they loose the bet, they won't have a means of paying back, if it were to be real financing, then the gambler should not be in debt, instead be giving the fund for gambling for free.

I don’t know what I will feel, but whoever comes to me with such a request will probably feel regret that he decided to take such a stupid and senseless step and will learn a lot of new things about himself in obscene terms.

Even in these niches, this doesn't make any sense, because why finance in those areas in which absolutely nothing depends on the participant (trader or gambler and everything is tied to chance). You can just as easily lose (loss) as win (profit) if you gamble (trade Forex) yourself. So why give your money to the management of others, and also give part of the winnings to others, when you can do it yourself, and the result will be the same?

Have I heard of this? Still would. They tried to impose on me a similar trust method of managing money and financing gamblers (so that I give them money). In fact, this is in a sense a fraudulent scheme when user #1 finds simpletons and collects money from them, for example, for sports betting. Makes bets with the opposite outcome (in half). If the bet turns out to be unprofitable, then user #1 doesn't lose anything (bets with other people's money), because he didn't bet his own money. If the bet was successful, then he demands his percentage from the simpleton. This is a way to make money out of thin air, so you should refuse such dubious offers.

Who said that I trust?

It's good that this has already been explained to you.

Even someone that is genuine might innocently ask for that kind of collaboration. I think it is to collaborate with each other, you bring your expertise in predicting and I fund the bet. This has been going on with some friends because the other party don't have money to bet it but this usually don't last because when the bet don't win then there won't be the mystery of must win anymore and the financer will naturally slow down or give up. It usually happens where the financer is restricted from gambling either he is from a religious home or under strict rule that if he contravenes will attract severe punishment.

This is wield to us that have understanding of how gambling works, we know that gambling is risky, and it depends on luck to win. I bet that some people who don't have this knowledge will fall for this kind of scam, because people wants sow very little and reap bountifully. The trick can work if you're ignorant about how gambling works and someone you know comes along to sale you the idea that when you invest in gambling, within a short time that winning will happen and you'll gain ×1000 of your investment. It'll surprise you that naive people will buy the idea and put in their money, but it'll take a gambling addict or a scammer to ask someone to invest their hard earned money in gambling

Most of those who ask for this kind of loan are people who are good in terms of communicating, they are good in doing promises but like what
you have said, it's better to have that collateral before giving that loan to said gambler.

With collateral they will need to repay to get it back, with just a spoken word of promises, things will not work as lenders will surely lose
a lot if gambler lose their bankroll.

They can disappear without a trace, as there's no sure deal when talking about gambling.

For me it doesn't make any sense because is obvious that if you agree to there terms you will surely lose all your money because gambling is not a game were people can easily determined if they win or not so however some persons fall victims while thinking they are actually doing a business because I cannot imagine somebody with his right sense will decide to finance gambler which in return they share the winings.

However there is every chances of someone who finances gamblers to become an addict because if perhaps you finance a gambler with a huge sum of money with the plans of sharing the profit and the gambler lose the money, there is every tendency that the man will still finance the gambler again because he could be thinking that the gambler could win his money back and before he realized himself he has already become an addict.