Topic: Gambling experience using loan money - page 14. (Read 2230 times)

It is very different.  If the loan is uncollateralized than it will sink you into debt that is sometimes hard to get out of.  I don't think anyone under any circumstance should take out a loan to gamble.  It might ruin your ability to take out a loan when you really need it for something like a mortgage, car, etc.  If ypu can pay it off fast than just wait until ypu have the money.

Well, I have never had a reason to gamble with a loan because the only time I do take out loan is when I am in dire need.
Sincerely, I wouldn't advice anyone to do such unless they have done so before and it was favourable or perhaps they have the trickery up their sleeve on how to turn a minus into a plus.

I also think anyone who loans money to gamble more than once is an addict and should at least try to see a therapist, so as to combat this behavior because they would constantly be indebt and be a burden to others around.

It's an interesting topic, but I don't think we can see any variety of responses here - it seems obvious to me that people are under extra pressure when they play with borrowed money. Naturally, there are some not quite normal people who do not believe that they can lose, so they feel calm until the moment of failure. Playing for borrowed money is extremely bad, but in fact it is a kind of all in - if a player loses, he loses the collateral under which he took out a loan. In fact, this is not much different from the loss of a deposit.

I never pray for a day to come that will push me to borrow money to gamble, I will play willingly and peaceful mind with the available balance I have on me and not with the money I don't have to the leangth of taking loan because I will never have peace of mind to use that money wisely. Theere will be high pressure mounted on me on the part not to do mistake and how to repay the loan without losing the game and situations like, I am bound by faith to always lost. I'm not lucky with this kind of games when it comes to gambling with the money that was never mine.

It possible that the guy who requested for the loan probably had an alternative to pay back the loan and I think the high rank account or person behind the account has work they are doing in the forum else, they wouldn't grant the loan in the first place. Having signature is like having a way to earn while making quality post would be able to payback such kind of loan with ease and time, so I think they are just using those money to pass time with gambling.

Maybe they've included a note that it's from a casino's address, who knows.

But if someone is seeing like that for real, just don't copy what they do and they know themselves better and you know yourself as well better than anyone else.

If you think that's going to ruin you financially, don't borrow money to fund your gambling deeds. Whether you can pay off on time, well, it's your determination to do so.

Why did you make a post on it when you knew it's been discussed almost on every angle already?? ... Well, I'll leave that for you to give an answer.
Apparently, the pressure is usually real - especially when you utilize a loan that was issued by strong agencies - your butt's really gonna be hurting at the very moment the cash vanishes into thin air...
I don't seriously see any reasons why someone in Thier right senses would conceive such an idea... Is it safe to say that they're sometimes driven by a strong urge of addiction??

Sandra 🧑‍🦰

Having a job could never be a valid collateral unless if you do take up some loan on some person you do know or close to you on which it does give out that kind of assurance but if you are really that trying out to loan with

some lending firms then it wont really be that a valid thing on depending or relying with your job alone but if the amount that would be taking up some loan would be just that small or would really be that considerable in bracket on how much you do earn then there might be some reconsideration.Usually lending firms or banks would really be that looking for another source of income like asset generating or business or investment that you do have on which it would really be giving out that assurance that you could pay up specially if we do talk about big loans on here. Even though on smaller ones then its still not that worth on doing so because
having some gambling activity for those small loans will still be considered as loan totally since you would be paying up for some interest.

If you are that someone who do have that sufficient income or source for your daily living and expenses, then it would really be that a bad thing or idea on dealing up with something
which you would be potentially be spending up more money with it which its never been that ideal nor really be worth.

Aikidoka, your perspective is absolutely correct. Taking out loans for gambling can be dangerous and unwise. However, some individuals might feel pressured by their situation or internal circumstances, leading them to make risky decisions. It's important to remember that the issue of gambling addiction can be complex and involve not only financial aspects but also psychological and emotional factors. Warnings and constructive financial management recommendations are important to prevent such situations.

Indeed, taking out loans for gambling is just plain foolish and really stupid to be honest. You're essentially borrowing money that you will most likely lose and it can put you in a worse financial situation. People should avoid taking loans to gamble since there's no guarantee of making money from it. Personally, I would only consider taking out loans when I urgently need some money and I ensure that I can repay it on an agreed-upon date with the lender.

IMHO, it feels like that you need to grind and should think that you shouldn't run out of luck because you need to pay for it. Because if you lose it all then you know what obligation you'll have to pay.

And on the otherhand, you're also optimistic because this is going to be like a free money if ever you win and hit the jackpot. The reality will make the situation not too complicated because we all know that who does that have to pay for both loan and interest.  

There is nothing that makes sense in gambling with the money you borrow. For someone to borrow money to gamble, I think that person has already been addicted to gambling, which means that they don't have the work they are doing to rely on gambling. If not, why would someone borrow money to gamble since they don't have the money to gamble? What if you lose all the money you have borrowed without winning a single ticket? How will that person's situation be? I believe these types of people will get themselves into a different situation with the owner of the funds.


How did you know they deposited the money into their gambling account? Seriously,  I don't believe what you said.

even if it's from the money his work makes, it also has a certain percentage worth betting on. if the gambler risks all the money he earns from 1 week of work, it will only make it difficult for him to make ends meet for one week.
still, gambling must be done by people who are already financially strong. so they gambled with money that would not affect his finances even if he lost the game. if forced to borrow to continue the game, then the gambler must have collateral to be prepared to pay the debt if it turns out that he loses the game.

The worst thing is that they are chasing the previous defeat while the spare money is not there as a result borrowing is their solution to keep playing this has become a very severe addiction because it directs all means with loans to continue playing so it must be avoided and those of us who feel must realize that it is a big enough risk.

Never force while there is still more money then it becomes a pleasure in gambling, but forcing, for example, 50% of monthly income to gamble then it is also wrong because it is too aggregative on gambling rather than other interests.

I think borrowing money and putting it into gaming is very dangerous. I am strongly oppose this. Because lone always creat extra presser. When we will involve gambling with loan money then extra presser will creat and we will loss our total fund. Because excessive pressure makes it difficult to make right decision. When we unable to take right decision then we will lose from the gambling. So my strongly advice do not take money for the gambling. If possible invest your own money it will help to wine from gambling. I couldn’t tell gambling is bad but i am telling to invest your own money it will free you from extra presser and your wining chance will increase.

I know in the past there were people who got so addicted to gambling that they used to borrow money to gamble. But this is not a good sign at all I think completely risky because when a person bets with credit if he loses he loses the entire money. And if he can't pay back the borrowed money, the lenders can put a lot of pressure on his family. So no one should be advised to gamble with debt as it may have a completely opposite reaction. There are people who gamble by borrowing money from the bank or at profit and if he bets this money, he can never be sure whether he will win or lose. If the bet wins then that is his luck and if the bet loses then the person will be destitute as he will have no money to repay the debt. So a person should not be advised to gamble so that he gambles with debt rather he must gamble with his hard earned money so that it will be good for that person to bet.

It was the right decision where we could gamble with only reserve money, no need to borrow money to gamble even though we are great at gambling, because one day we might lose and be unlucky, your decision was right not to take steps to borrow money, me too I never felt like that where one day I lost and wanted to borrow money from my friend, but unfortunately I canceled it because I thought I would lose in a row so it was no longer convincing to win.

Stop playing gambling when losing is a true victory where we can control ourselves not to continue the game, most players who have become addicts they will borrow money to continue the game and try to find luck to get the money back that has been lost and lost, that is the way who is wrong to play with risk

There is no problem in taking loans when you know you have a job and you are expecting your salary which can be used to repay the loan with the interest added on it, but it is a problem if you don't even have a job and want to take a loan that too for gambling just thinking that you will repay the loan once you win something from gambling which is never guaranteed and you can lose the money you have borrowed and then you won't be able to repay the loan.

I've seen a lot of people doing this, they have taken loans to gamble with it hoping that they might get something significant out of it and then they will repay the loan but it always went the other way and they've lost the money they've borrowed and then got stuck with the loan having no way to repay it.

Same thoughts, it's a plain stupid move.I can compare it to people who take loans for their cryptocurrency investment which is similar to gambling if we talk about the risk. It should be a standard to use our own money that is dedicated for gambling than loaning to just play gambling. I hate people who sells things, borrow money or spend the money allocated to an important thing just to so gambling even with the intention of playing safe to multiply the money. I'm sure many gamblers had experience this and I don't want new gamblers to experience the regret that other gamblers experienced.

For me to make loans and use them for gambling, even though the bet has an above average 90% chance, for me it is the worst action and has a high risk, I often make loans but not for gambling, honestly I think loans for gambling are stupid, if I do.

I have been gambling for a long time, but I have never used borrowed money for this. No matter how great we are at gambling, the risk of loss cannot be predicted, for that I often use side money to gamble, so I haven't tried it and I don't have experience using loans for gambling. maybe i never used and crossed my mind to do it.