Topic: Gambling experience using loan money (Read 2230 times)

Technically not x2 but rather just a little but of percentage based on the interest rate of the loan.

That is why taking loan that dedicated for gambling should be backed by your future money in able to pay it. Some user just doing it because they only want to advance their upcoming salary since they can’t wait for the payday time to gamble.

-

I will lock now this thread. It received already too much input about the topic.

Well, we live in a crazy world , and never can we under estimate the kind of crazy things people do, some people are so mean and addicted to gambling to the extent that they've lost their mind and sense of reasoning, for this type of people, almost every thing is about gambling , they can gamble you away if you let them😁..

I was one time in a sports viewing center watching a football match with several other people when a guy started arguing with some group of other guys , he said Chelsea (for example) would win the match , but the other guys insisted that Man united would win, the argument got so hot and the guy on his own said that if man united wins , he would give his car to one of the guys arguing with him , he immediately dropped the key on the table , eventually ,man united won the match ,his car key was given to the guy he made the promise to , but then he refused and asked for the key back stating the promise was a slip of tongue, that he never meant it , the matter later resulted in a serious fight and took two lives of innocent people..

Just crazy gamblers.

Besides that, we also have to think about how we can return the loan money because the person who lent the money doesn't want to wait long to see the money back. If we win, we will have no trouble returning the loan money, but if we lose, that will be a problem for us. We cannot win bets as often as possible because we will experience loss, so it is better for us not to borrow money to gamble because the risks are not commensurate with what we can win. And it's better for us to gamble with our own money to be calm in gambling.

When I see stories of people selling their property and homes to invest in bitcoin, it always makes me wary, even though I believe that bitcoin can rise well in a new bull cycle. As for betting on credit money, this is simply unacceptable for me, because here it is only about luck, risking to lose it all is too reckless to consider such actions. It's better to play for money, which you can put aside (if you can win) than risk what you don't have.

It's sad to see how it ends for someone but there is always a consequence to whatever we do.  A gambler who loses everything and becomes homeless due to his recklessness is sad but it wouldn't be the first to have happened. We've heard of that story long before Bitcoin existed.

But for the users here who took loans, it will be hard for them to take a loan so big to ruin their lives. None will ever give a loan of more than 1 BTC these days. Nonetheless, it's still risky to have lost a gamble and need to pay and interest.

      -     What you mentioned is correct; you actually have a point. I see some people in the community here on the forum who borrow loans, and the address they use is from the address of the stakes.com casino, but I think that the others are just a habit with them, and at the same time, they probably also often win gambling.

They get back what they owe with interest, in fact. That means they can still gamble responsibly without getting bad results. That's why the risk is quite high when doing this.

Gambling using borrowed money obviously has a 2x risk of loss, besides that it will be burdened with loan interest.  After all, money made from loans won't make you play with focus because you have a strong desire to be able to win the game, but you can't play with full control and expect to win bigger bets so you can cover everything.

But we can't remove the fact that there are gamblers who will take that big risk thinking that they can easily double or grow their bankroll, to the extent that they are willing to sell precious belongings and taking loans just to place their bets, I think if you are still in control and thinking correctly you won't take that big risk as you know that the worse after effect can really harm your finances.

But, if you are already addicted, then there's something in you that will push it and will try your luck and hope it will favor your side.

Indeed there is adrenaline rush when using someone or borrowed money for gambling and it's highly not recommended at all seeing how will not be at rest and will always feel to be extra careful and in so losing all the funds to the habit because that's same adrenaline rush can be the effect of what made you gamble wrongly because if there is one I know in gambling is that one can never be too careful when gambling because the more you think you been careful the easier and faster you experience losses.

Many people are so irresponsible and desperate to get money that they toss precious items away in the name of taking chances, which I believe even requires adequate management to prevent dangers. because I wonder why some people overdo things, I don't think I will be that crazy to bet on my car when am fully aware that the chances of winning are not certain and anything can happen so is better to make a good choice when it comes to finance, and taking a loan is just too reckless, if you have your own money to bet is good but to the extent of taking loan I stand with you not a good decision at all.

Agree with this mate nowadays some gamblers borrow some money to fulfill their wants which us to gamble. And we are all know that once you've gamble and using borrowed money is different when you gamble with you exist money. Cause once you will loss then a lot of problem will come cause you need to find a way to replace that money so that you can pay your borrowed one.

You will be indeed cautious because that's just a borrowed funds, it's not something you can just afford to lose as their are more stakes to it compared to the gamblers who are gambling with their excess funds that they can afford to lose. A failure will just result to a much bigger problem that you might not want yourself into but since you've already borrowed, might as well pick only the specific games where you have more chances to win compared to the opposite.

And people are willing to loan gamblers because they know that they will go in debt and maybe lost their home, cars and everything in the name of gambling. That's why it's really dangerous to really go and loan until you don't know how to pay your debts except some things that you own.

So very hard to see people going down this path. Seen some friends of mine becoming so addicted that now they are homeless and their lifestyle has really change. And it affected not just him but for his children as well. This is the worst gambling can bring to us.

I think it is more like being addicted to gambling will make you do that. That's more reason why people will do everything even borrowing money with interest just to keep on gambling. It's like a cycle where they keep on borrowing money and keep on losing in the hope of winning. However, whatever they do, big winning does not really come in to their hands.
They will also come to the point that they will borrow money to pay off their debts so they can borrow money again ang again.

When someone was feeling so addicted and this guy will do everything as long as he will able to get money for gambling. It's a common thing. This is why controlling our addiction becomes one of most important reason to avoid using loan for gambling purpose.
Even though i can't deny some may try to take the risk by taking a loan used for gambling but that's the reality. Anyone has their own decision regarding what he/she does in his life.

Gambling is gambling. You luck you win, you unlucky and you lose. The reality of gambling, someone can become a rich or poor guy in a short time.

Using borrowed money for gambling is not uncommon, there is even something more extreme pawning valuable certificates ranging from car certificates, motorbikes to houses used for gambling and several times this has happened in my environment. I don't thin how crazy some one want to get loan and use or deposit to gambling platform account can't promising with profitable or winning, how faced difficult later actually with loan interest payment and how they can get back their most important certificates using as capital for gambling.

Don't blame your self with gambling, its not promising to be rich and enjoy small money if want spent time with gambling.

Getting the experience we get or knowing other people's experiences can help us understand or avoid something that might have a bad impact on us. We can also prevent gambling addiction and will not be like other people who cannot limit their gambling so that we can play enough gambling. By knowing what happens to other people when they borrow money to gamble, we will always avoid it and never borrow money to gamble because it will give us problems. We don't want to see that problem happen to us so we will try to make a budget for gambling so we don't have to borrow money from other people. It is very difficult to return loan money from other people, especially if we don't have income because we must repay the loan money.

That's what often happens to people where. They underestimate other people's experiences and make them not want to take lessons from what other people experience. And when they are faced with the same situation, they can handle it but because they don't want to think, they find it difficult to overcome it. Yes, you are right and I am also sure that many people here also learn from other people's experiences to improve their abilities or learn something from other people's experiences.

And when you see a lot of videos about gamblers borrowing money to gamble, we should be able to avoid them because we don't know how to get the money back. It's better for us to gamble with our money and not borrow other people's money. It won't give us any trouble unless we spend the money just gambling for one day.

don't think the adrenaline rush someone got from using borrowed money would be worth to pay off debts when they are losing big time.
i guess the reason many are using borrowed money for gambling are the fact that they could turn around their lives out of nothing, just one luck is all it takes but man things always could go wrong.
same thing with using borrowed money.

On the time that you would really be making use of loaned money then you would really be that skeptical on making that reckless moves on your betting since you do know that you are making use of a loan money which you would really be needing to pay it up on the right time and with some interest and this is something that you would really be needing to mind on on which i could say that it is really adding up on the overall stress and desperation because you would really be thinking that you shouldnt really be losing the next one since you already know or had already pictured out on what would be the consequences in speaking about gambling and loan money. Experience would really be that somewhat stressful, i dont believe about that adrenaline kind of experience because if you are really that on your right mind then you would definitely be not considering on doing so
but if you are on the condition on which you are already that addicted with it then pretty sure you would do such bullshit steps and decisions along the way.

And the ones who borrow money are extremely cautious in their betting otherwise a high consequence awaits. They will need to be very careful with how they bet and will find it necessary to win. I guess that is the secret to striving harder 

The accounts that took a loan and never returned with the money are examples of what happened to those who were testing their adrenaline. But it must be satisfying to win a big amount while it comes from nothing.