Gambling experience using loan money - page 10.

Cryptmuster

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Quote from: Strongkored on August 10, 2023, 03:47:41 AM

You are right, as long as we can calculate correctly that we can return the loan money on time regardless of the results of gambling I think we will be fine, so not everyone who borrows to gamble is because he is addicted but because he already knows that it will be able to return the loan money without any problems, such as members who are used to using the results of signature campaigns to gamble, it will not be a problem for them to borrow first to do their gambling because there might be a very interesting promotion or event that can provide additional benefits, and when he receives payment, he will be able to pay, but it is not recommended to do the same thing over and over again because one day you will be able to exceed your ability to pay because you feel it is the best way to continue gambling so that it will bring you difficulties to pay off debts because it would be better to only gamble with money that is our own, not the result of debt.

A signature campaign is also not a guaranteed income, today there is a signature campaign, but tomorrow it may end. I think that a gambling loan can be taken by someone who understands that he can win, and an additional source of income will be like a safety net.

But on the other hand, if a player knows how to win, then he must have money from past victories, and in this case, why should he take a loan? If simply increasing the bet is also not a good decision, because it happens that the bet can be lost, why increase the risk by increasing the bet to a large size?

Strongkored

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Quote from: hahay on August 09, 2023, 02:56:42 PM

Using borrowed money to gamble certainly has a greater level of responsibility, at least that's what I've experienced and felt in the past. But one thing that makes me confident to borrow money for gambling is, I realize and or I am very confident that I can win at a certain bet and at a certain time at that time. But, if I'm not confident that I can win, then I also wouldn't be desperate to borrow money to gamble because honestly, borrowing money to gamble is very risky. So yes, it seems borrowing is fine i guess but one thing we have to realize is, that we also have to be aware of being able to return it. Whether it's from the profits from gambling itself or if it fails, you must be prepared to raise money to repay the loan of course.

You are right, as long as we can calculate correctly that we can return the loan money on time regardless of the results of gambling I think we will be fine, so not everyone who borrows to gamble is because he is addicted but because he already knows that it will be able to return the loan money without any problems, such as members who are used to using the results of signature campaigns to gamble, it will not be a problem for them to borrow first to do their gambling because there might be a very interesting promotion or event that can provide additional benefits, and when he receives payment, he will be able to pay, but it is not recommended to do the same thing over and over again because one day you will be able to exceed your ability to pay because you feel it is the best way to continue gambling so that it will bring you difficulties to pay off debts because it would be better to only gamble with money that is our own, not the result of debt.

DoublerHunter

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Quote from: BIT-BENDER on August 09, 2023, 04:46:03 PM

Well most violence that has been seen in the gambling world can be traced to either using borrowed money to place bets or by not paying up a loss bet. I think just like it's not advice to use borrowed Money to Invest in Crypto-currency, so it is not wise to use borrowed money to gamble.

I personally see gambling as fun in as much as money is involved I try to gamble responsibly that way you would be able to avoid Lossing more than you can bear or getting into violence in the process.

^Definitely right, most of the violence within the gambling world often stems from two main sources and it could be utilizing borrowed funds for bets and failing to settle a loss wager. This parallels the advice against using borrowed money to invest in cryptocurrencies, underlining the risk in both scenarios. Treating it as a form of entertainment while maintaining responsible gambling practices is a wise decision. This strategy ensures you don't surpass your financial limits or find yourself entangled in situations where losses become unbearable or violence becomes a potential outcome. By adhering to responsible gambling guidelines, you are prioritizing enjoyment without jeopardizing your well-being or resorting to dangerous circumstances.

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Quote from: BIT-BENDER on August 09, 2023, 04:46:03 PM

Well most violence that has been seen in the gambling world can be traced to either using borrowed money to place bets or by not paying up a loss bet. I think just like it's not advice to use borrowed Money to Invest in Crypto-currency, so it is not wise to use borrowed money to gamble.

I personally see gambling as fun in as much as money is involved I try to gamble responsibly that way you would be able to avoid Lossing more than you can bear or getting into violence in the process.

Exactly. Either through people taking loans from tigers or sharks or whatever the hell they're called for nowadays, which is the worst thing you could do for yourself. And although I must say you're thinking rather radical, this is something that happens on the daily everywhere and if you could inform someone to stop them from doing so at the very least then that's one person saved. Anyhow, I think OP's looking to take a loan from someone that's legit and trusted, which doesn't make it any better cause at the end of the day you're literally asking for money so you can fund your vices and as I said in my previous post, that's one good way to shoot yourself in the foot.

At the end of the day, it's all about control, not the lack of money. If you don't have enough money to fund your gambling vices in the first place, don't subject yourself to bigger problems by taking up a loan.

coin-investor

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Quote from: BIT-BENDER on August 09, 2023, 04:46:03 PM

Well most violence that has been seen in the gambling world can be traced to either using borrowed money to place bets or by not paying up a loss bet. I think just like it's not advice to use borrowed Money to Invest in Crypto-currency, so it is not wise to use borrowed money to gamble.

When you're playing with money that comes from a loan you are forced to win and when you lose you bend your anger to anyone and you become a violent man this usually happens in physical casinos where we see people bending their anger to slots or chairs or anything that they can hold on even to the point of punching people, there are so many of these on Youtube where people cannot control their anger after losing because many of these people play money coming from loans

BIT-BENDER

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Well most violence that has been seen in the gambling world can be traced to either using borrowed money to place bets or by not paying up a loss bet. I think just like it's not advice to use borrowed Money to Invest in Crypto-currency, so it is not wise to use borrowed money to gamble.

I personally see gambling as fun in as much as money is involved I try to gamble responsibly that way you would be able to avoid Lossing more than you can bear or getting into violence in the process.

tiCeR

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Quote from: Docnaster on August 09, 2023, 04:21:16 PM

Quote from: hahay on August 09, 2023, 02:56:42 PM

Using borrowed money to gamble certainly has a greater level of responsibility, at least that's what I've experienced and felt in the past. But one thing that makes me confident to borrow money for gambling is, I realize and or I am very confident that I can win at a certain bet and at a certain time at that time. But, if I'm not confident that I can win, then I also wouldn't be desperate to borrow money to gamble because honestly, borrowing money to gamble is very risky. So yes, it seems borrowing is fine i guess but one thing we have to realize is, that we also have to be aware of being able to return it. Whether it's from the profits from gambling itself or if it fails, you must be prepared to raise money to repay the loan of course.

If you are so confident that you will win, it means that it should not be called gambling anymore.
If you are too sure that you will win, you should have gone for like 500k dollars loan instead of borrowing 1k dollars from a friend.
There is no way anyone will be so so sure that they will win.
That is by the way, discussing about the topic raised in OP, borrowing to gamble is not a good advice.
Gambling itself is a risk, taking a loan is another risk. Using loan money to gamble is a double risk and if you do not win it can lead to depression. The only people that will consider to do that are addicts.

Also, what is the consequence of using loan money to gamble? I think that it will ultimately lead to a catastrophe because how many players would take a $1000 loan, gamble and double the money, pay $1000 back and then what, stop gambling? I think this could quickly and most likely escalate because a player could get trapped into thinking that this is really a great concept.

The two things that are behind gambling with loan money contradict each other. Someone who is so self-controlled that he would never take a loan to gamble, won't ever win in gambling with loan money because he doesn't consider it in the first place. Someone who would take loan money to use it for gambling is very, very likely not the type of person to then stop after winning and having paid back the loan money. This is just one problem that I think is quite obvious for most people who consider taking a loan to gamble.

Docnaster

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Quote from: hahay on August 09, 2023, 02:56:42 PM

Using borrowed money to gamble certainly has a greater level of responsibility, at least that's what I've experienced and felt in the past. But one thing that makes me confident to borrow money for gambling is, I realize and or I am very confident that I can win at a certain bet and at a certain time at that time. But, if I'm not confident that I can win, then I also wouldn't be desperate to borrow money to gamble because honestly, borrowing money to gamble is very risky. So yes, it seems borrowing is fine i guess but one thing we have to realize is, that we also have to be aware of being able to return it. Whether it's from the profits from gambling itself or if it fails, you must be prepared to raise money to repay the loan of course.

If you are so confident that you will win, it means that it should not be called gambling anymore.
If you are too sure that you will win, you should have gone for like 500k dollars loan instead of borrowing 1k dollars from a friend.
There is no way anyone will be so so sure that they will win.
That is by the way, discussing about the topic raised in OP, borrowing to gamble is not a good advice.
Gambling itself is a risk, taking a loan is another risk. Using loan money to gamble is a double risk and if you do not win it can lead to depression. The only people that will consider to do that are addicts.

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Quote from: Juse14 on August 09, 2023, 03:04:24 PM

things I don't want to repeat a second time, using borrowed money to play gambling. once I did that where it occurred to me at the time that I would win the game and I would get profits and my debt would be paid off. but what happened was that I experienced a loss, so this made me confused and confused about paying bills, which caused me to be a little depressed until I finally sold my personal items to pay off the debt.

but departing from that incident made me a wiser gambling player not to play gambling with money where it was clear what it was for.

Selling personal items is not the most extreme measure for a gambler who starts having problems with self-control and borrowed funds. I read a story about a guy who sold all the furniture from the apartment he rented twice, because he needed money for betting. And only when the landlady of the apartment called him and said that she was going to him, he understood what he had done. Both times his parents paid the owners of the apartment damages for furniture and appliances. And it's still good when a dependent gambler has rich parents and they have the opportunity to cover his debts. Many others would have had no choice, and they would have gone to jail.

madnessteat

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Quote from: hahay on August 09, 2023, 02:56:42 PM

Using borrowed money to gamble certainly has a greater level of responsibility, at least that's what I've experienced and felt in the past. But one thing that makes me confident to borrow money for gambling is, I realize and or I am very confident that I can win at a certain bet and at a certain time at that time. But, if I'm not confident that I can win, then I also wouldn't be desperate to borrow money to gamble because honestly, borrowing money to gamble is very risky. So yes, it seems borrowing is fine i guess but one thing we have to realize is, that we also have to be aware of being able to return it. Whether it's from the profits from gambling itself or if it fails, you must be prepared to raise money to repay the loan of course.

In my understanding, it is profitable to borrow money only to buy your own home, education, advanced training, purchase the necessary vehicle or tools, which in the future will allow you to earn more money.

Borrowing money for entertainment is a rather stupid idea. I would advise a person who decided to borrow money for gambling to think carefully. Dispose of other people's money is very easy, another thing to earn money by your own labor and give the creditor.

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things I don't want to repeat a second time, using borrowed money to play gambling. once I did that where it occurred to me at the time that I would win the game and I would get profits and my debt would be paid off. but what happened was that I experienced a loss, so this made me confused and confused about paying bills, which caused me to be a little depressed until I finally sold my personal items to pay off the debt.

but departing from that incident made me a wiser gambling player not to play gambling with money where it was clear what it was for.

hahay

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Using borrowed money to gamble certainly has a greater level of responsibility, at least that's what I've experienced and felt in the past. But one thing that makes me confident to borrow money for gambling is, I realize and or I am very confident that I can win at a certain bet and at a certain time at that time. But, if I'm not confident that I can win, then I also wouldn't be desperate to borrow money to gamble because honestly, borrowing money to gamble is very risky. So yes, it seems borrowing is fine i guess but one thing we have to realize is, that we also have to be aware of being able to return it. Whether it's from the profits from gambling itself or if it fails, you must be prepared to raise money to repay the loan of course.

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Quote from: MinMan on August 09, 2023, 02:10:38 PM

Quote from: ethereumhunter on August 01, 2023, 03:29:20 AM

Quote from: rachael9385 on August 01, 2023, 02:25:04 AM

I do believe that before anybody can have the mind of borrowing money to gamble, he or she is thinking that he might win to pay back the loan and have more profits, hope you get my point? I can't say that the gambler is playing for fun because he is very respirate for either the winning, sometimes what causes this things are selfishness, wanting to get money with all potentials, people who uses this strategy loses and they owe all around their neighborhood

Yes, before that person decides to borrow money, they must think, what if I borrow money? Of course, I can win some money and return it. But that's not what happened because many people have lost all their loan money at the gambling table without being able to pay the money back. They are too eager to win a lot of money so they try to bet big money but the result is against them. This is where someone's selfishness can turn against him and cause him to lose money at the gambling table. If we don't want to experience the same thing, we don't need to borrow money to gamble and are better off using our own money.

If they think, I don't think they will continue of borrowing money. It's not right to only think about the positives. We should think the negative too so that we can't end up in a wrong decision. I don't think those who lost, never pay their loans. They could get in serious trouble if they plan so. Maybe they are given more time to re-pay it. They still can find a job. If they have it already, then they can add a side hustle to earn money which can be used to pay the loans.

Without a loan, losing in gambling is still there, so we must only play with amounts that we can afford to lose or better to play using fake money only if completely avoiding gambling is not possible.

I understand your point @MinMan but I would even be more wise avoid unnecessary debt situation by not even taking the loan at the first place, I mean this is something that involves risk and that should be more reasons that people shouldn't take loans to involve in it, chances of winning is not even 100% guaranteed therefore if you're to take a loan to involve in anything it should be for a business that yield profit and has no or little loss whereby you can easily pay off your debt when you made profit from it.
Okay imagine using money gotten from loan to gamble and you lose how are you going to pay back, where would you get the money from, they know they could get in serious trouble why risk getting in trouble and also if they can get a job to pay the loan why not wait till they get the job and use the money gotten from it to gamble at least no one would embarrass them or query them to pay their debt because it'd there own money, the only thing is that they'll feel remors, I'm not in support in that act and I'll never advice any to take a loan to gamble.

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Quote from: Webetcoins on August 08, 2023, 08:45:10 AM

So, when the urge reaches the point where they just can't do it anymore, they start looking for people who can lend them some money, they will say that they will return it soon but they most probably lose it in gambling because gambling does that to everyone, and then they get in trouble because of the loan.

It is always the situation when the gambler will say anything guaranteeing that he will be able to return the money. But if you're the lender, do not believe them. Always ask for the collateral if you're going to grant a gambler a loan. That's always the matter of concern if you're valuing your lending business and money. But if not, then you're too kind to allow that loan and let them lose it not knowing that some of them won't be able to return it based on what they've promised you.

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Quote from: Webetcoins on August 08, 2023, 08:45:10 AM

So, when the urge reaches the point where they just can't do it anymore, they start looking for people who can lend them some money, they will say that they will return it soon but they most probably lose it in gambling because gambling does that to everyone, and then they get in trouble because of the loan.

This is exactly why people should never take out loans for gambling. It's incredibly risky and can make your problems get worse or you'd face really bad issues. When you borrow money for gambling, there's no guarantee that you'll get the funds back since gambling is very risky and your chances could be low for that to happen and you can end up losing everything at any time. To avoid this high risk, you should never consider using loans to gamble. It won't be a good experience at all, believe me.

MinMan

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Quote from: ethereumhunter on August 01, 2023, 03:29:20 AM

Quote from: rachael9385 on August 01, 2023, 02:25:04 AM

I do believe that before anybody can have the mind of borrowing money to gamble, he or she is thinking that he might win to pay back the loan and have more profits, hope you get my point? I can't say that the gambler is playing for fun because he is very respirate for either the winning, sometimes what causes this things are selfishness, wanting to get money with all potentials, people who uses this strategy loses and they owe all around their neighborhood

Yes, before that person decides to borrow money, they must think, what if I borrow money? Of course, I can win some money and return it. But that's not what happened because many people have lost all their loan money at the gambling table without being able to pay the money back. They are too eager to win a lot of money so they try to bet big money but the result is against them. This is where someone's selfishness can turn against him and cause him to lose money at the gambling table. If we don't want to experience the same thing, we don't need to borrow money to gamble and are better off using our own money.

If they think, I don't think they will continue of borrowing money. It's not right to only think about the positives. We should think the negative too so that we can't end up in a wrong decision. I don't think those who lost, never pay their loans. They could get in serious trouble if they plan so. Maybe they are given more time to re-pay it. They still can find a job. If they have it already, then they can add a side hustle to earn money which can be used to pay the loans.

Without a loan, losing in gambling is still there, so we must only play with amounts that we can afford to lose or better to play using fake money only if completely avoiding gambling is not possible.

JeffBrad12

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Quote from: Rockstarguy on August 05, 2023, 09:09:59 AM

Taking loan to play gamble is beyond the principle for playing gambling. I see borrowing money to play gamble as addiction, doing this is not just love for gambling but addiction, a level of gambling that it is so hard for one to play responsible which is to control and know when to play and to stop. To borrow money to play gamble is a bad one because gambling is too risky and it is too hard to predict when to win, in a game like this I still wonder why people will choose to borrow money to play gamble when they are not sure what will the result be at the end.

The addiction was forcing someone to borrow money for gambling purpose. I have seen that so many people in my environment were borrowing money even they were selling their assets for gambling. Once people lose their mind and they will not be able to control themselves.
The main problem is how hard controlling our addiction from playing the game like slot. Losing money in the slot was also pushing our mind to recover the lost fund through playing the game again.
The only dumb people who borrow money to be used for gamble. It never becomes a recommendation to do that.

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hmph..

Quote from: Webetcoins on August 08, 2023, 08:45:10 AM

So, when the urge reaches the point where they just can't do it anymore, they start looking for people who can lend them some money, they will say that they will return it soon but they most probably lose it in gambling because gambling does that to everyone, and then they get in trouble because of the loan.

This is a way for someone to be able to borrow money. But if this loan is used for gambling, the promise will become a promise only. except when he got a big win he will paying it not for other gambling, but if they are looking for more loan, it will be even more difficult to return it. I personally don't use loans to gamble, but my plan failed due to unexpected things. Luckily I was still able to overcome it slowly, but if I was still gambling, maybe I would be the one having more trouble than my position now.

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Quote from: Dr.Bitcoin_Strange on August 04, 2023, 06:37:17 PM

Quote from: summonerrk on August 03, 2023, 04:25:24 PM

Therefore, there is a golden rule among traders and conscious gambling players - to trade /play only with your own money. It is forbidden to win back at the casino or betting on other people's money.

Rules are easy to read but very difficult to follow in some cases, especially in gambling. If you are not really in a good state of mind and exercising your self-control very well, you can really make some wrong decisions that lead to the mismanagement of your funds. You know that we can't put away the fact that gambling is full of fun and some kind of attraction, like the more you gamble, the more you wish to gamble more and more until there's no money to spend again, and if there's even a chance for the gambler to borrow, you will see them meeting their friends and asking if they can help them with some funds, which they will pay back later.

That's true, it is not really easy to follow rules, especially if you have become addicted to something and the rules prohibit you from doing that or maybe put some restrictions on you. So when an addicted gambler gets out of money and can't gamble anymore, and rules say that they can't borrow money for gambling because it's not manageable if they lose it, that is when it becomes very difficult for them to follow the rules because they just can't control the urge.

So, when the urge reaches the point where they just can't do it anymore, they start looking for people who can lend them some money, they will say that they will return it soon but they most probably lose it in gambling because gambling does that to everyone, and then they get in trouble because of the loan.

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Quote from: AmoreJaz on August 06, 2023, 03:38:16 PM

Quote from: traderethereum on August 06, 2023, 05:32:57 AM

Quote from: len01 on August 05, 2023, 08:36:34 AM

Quote from: traderethereum on August 05, 2023, 02:30:13 AM

It should be so but I don't know. That seems difficult to do, considering that his friend was already so badly addicted to gambling that he borrowed money from an online loan.
I think he should tell his friend's family that he has used his phone number to borrow money from online loans so that his family can find a way to cure his gambling addiction.
I'm just worried that he will be asked to pay the online loan bill, especially if he has no relationship with his friend.
Maybe his friend really should be put in a rehab center to cure his gambling addiction.

regarding online loans it really kills someone slowly and plus someone who borrows is a gambling addict the situation will be much worse. the best way really has to tell everything to his family because whatever happens can help him recover from addiction and solve the loan problem and there is no other way but to tell his family to get it done right away because if not, no one can help even if his friend ever can.
and maybe if his family already knows about his addictive activities to the extent that it involves online loans he will immediately be rehabilitated to a psychology specialist and that must be done because if not he will just become an addict again and borrow money again because it is very easy to access online loans to be able to get money easily and used to vent his addiction.

It's better if his family knows the real incident to overcome his gambling addiction.
Or maybe his family already knows but they don't know how or what he does when that person is not home.
Taking an online loan doesn't solve the problem, especially if it's to play gambling because the interest they give is very unreasonable.
And that's what can make someone who takes an online loan have to return more money than he borrowed.
Hopefully, we will always avoid borrowing money online and not using it to play gambling because it is very risky to lose more money than we imagine.

this is the very reason why gambling is gaining a notorious reputation because some gamblers are doing desperate moves just to satisfy their desire in gambling. if you are in your right mind and you have control of your gambling activities, you won't do such thing, putting your friend to a liability he has no knowledge of.
once the family learned about this issue, they should talk to their family member who is culprit of this action. find a way how to help them change their lifestyle to a better one or at least not resort to desperate moves that will put other people at risk.

Topic: Gambling experience using loan money - page 10. (Read 2218 times)