Topic: Gambling experience using loan money - page 15. (Read 2231 times)

I saw that too, where they give their stakes account address. In which means that the borrower is playing gamble coming from the loan He borrowed from darkstar. And I had seen it several times, they are many actually not one only.

Well, its their choice anyway, even they do that in the end they never forget their responsibility as a borrower to darkstar. In short they are still responsible for what they owe to lender.

Your experience with debt and its ill effects sounds challenging, and I empathize with you. But let's be objective; are loans inherently bad, or is it just how they're used that causes problems? Loans, at their core, are monetary instruments. The efficiency of any tool is proportional to the skill of its user. Loans, when handled properly, may be a great way to get ahead or keep a firm afloat through rough times. Gambling with borrowed funds is a another matter. Gambling's risk profile is distinctive from those of other investing options. You put your finger on the problem, saying that gambling with borrowed money is risky because of its volatility and unpredictability. The loan itself was not the issue; rather, it was the money being gambled away

it is part of the critical mindset of a gambler who views gambling as a place where multipliers borrow money from other people in the hope that it can be doubled in gambling on the one hand it is also supported by the level of addiction or even chasing previous losses.
such a critical mindset is very misleading because how is it possible that gambling can give him a win on the one hand it is a business to benefit the casino owner and also he has to bear the risk if the money is lost or lost in gambling. I know maybe most of them just use borrowed money to bet on sports betting which has a bigger chance of winning than casino games but lucky or unlucky is still a major factor in gambling.
so if a gambler borrows money to bet a large amount in the hope of doubling it I think the person is a bit of a fool, except he borrows every now and then a few months just for fun and certainly a small amount.

Yes I get your point… anyone that can take a loan to gamble will have the intention of winning, how will you know that you are going to lose then you will still go ahead to take a loan to gamble with, it’s not possible. But we all have to know that gambling is not what we should take a loan for, you are just predicting and you are not even sure if you are going to win, anything that makes you take a loan to gamble then you are making a wrong decision already, we should know that no matter how professional you are, then it might be the day which you decided to take a loan to gamble, that’s when you are going to lose, so it’s better we avoid going for loan to make money to gamble and having the intention to pay back if we win. Just have a rethink about it, what after gambling and you end up losing, how are you going to pay back the loan which you took.

It’s not possible for you to take a loan to gamble and you will still claim you are gambling for fun, how are you gambling for fun with the amount you get from loan? It’s very obvious that the person is gambling just to make money, which the person might end up regretting his/her actions later, gambling shouldn’t be taken as a source of income, and nobody should go to the length of taking loan just because they want to gamble.

Either you borrow money or you are using your own funds for gambling, the gambler will always have positive thoughts of winning the game. There is no gambler that will stake on a game and put it in his mind that he will not win the game if not he wouldn't bet on that game. That's why it is the dumbest thing for a gambler to borrow funds for gambling and thinks that he will win and pay back his loan. Most times our games result turns out the other way from our thought and one will loss. Greed and addiction is what makes such people borrow money for gambling and at the end of the loss,they will regret their actions.

People usually ask us for collateral if we want to borrow money from them. Unless that person is someone we know closely, like a friend or relative. But very few people want to lend their money to other people, friends, or relatives to play gambling. They definitely won't want to give us their money to gamble. They already know the consequences or impacts that can occur if we use their money to gamble.

It won't always work. When we are too eager to recover losses, we might lose because we forget to control ourselves and will keep trying to earn it. And if it's borrowed money, we won't remember having to pay it back. After playing gambling, we only know that all the money is gone and we must return the loan money. It is our responsibility as borrowers and the person who lent the money doesn't want to know how we can return the money.

But in real life, some people borrow money to gamble because they think gambling is a fast way to make money. And they are used to borrowing money from other people to gamble because they can find people willing to lend money. People who borrow money from others only think about gambling because that's all they can do. They could use the money to do something else, like set up a small business to make a profit.

You're right, it's a terrible idea to gamble in the first place with koan money, debts and selling of properties would be the possibleend results. Taking out loans to place wagers on games is not an advantageous concept; it will almost certainly result in debt, financial difficulties, and account closing down. Gambling benefitted only the persistent and prudent, not the avaricious, because they would always have a chance to incur losses from the system. Most gamblers are motivated by hope and ambition to wager on games with borrowed money in the hopes of repaying it and profiting twice as much.

The only acceptable excuse I could think of this it would be if someone wanted to gamble but forgot his money or does not have cash to play with, so asking for money in that situation does not sound as bad, since there is collateral (the very own money the person forgot).

There is a reason some casinos actually give credit to some of their best and more reliable gamblers, because it is convenient for the business they keep on gambling and also, the casino staff themselves have witnessed there is enough liquidity to give a loan, in the form of total wager.

Gambling credit is a very bad idea, because if player lose, the he will get a lot of problems. And if you have to play with borrowed money, then this means that the player has lost all the money available for this and is now trying to find more money to win, but this is always a bad idea. In gambling, you need to rely only on your own money, otherwise it will always lead to problems.

lets try to take the positive side of what happened. we consider gambling as your lunch and at that moment you need money to eat but the salary money from your job has not been distributed and you are forced to borrow money from other people to buy lunch and return the loan after you receive your salary.
another example is when you want to go to a place of entertainment with friends to drink beer but you dont have money and are forced to borrow money and repay it after you receive your salary.

so its pretty easy, there no reason for someone to look for a loan just to gamble, because in life we need to have fun, even though we have to think about more important things, but entertaining ourselves is necessary as long as we are responsible and with a small amount without exceeding the predetermined limit.

We have our own reasons why we're taking a loan. Regardless of where you'll use the money, as long as you are responsible to repay it on time, then I don't see any problem.

However, using a borrowed money to sustain your gambling activity is not advisable. Why do you have to take a loan when you can use your own money to gamble? The interest that you have to pay aside from the capital is an additional struggle since you're not certain if you can double the funds to pay the lender. Though this not an issue if you're not really counting on your winnings and has other resources to repay the borrowed money. But again, if there's other option, opt not to take a loan just to gamble.

An intelligent person will never consider doing that in the first place and they also avoid many risks in order to save themselves from major problems in the future. Those people that are mostly deluded are just wanted to play even if they don't have anything to fund their bad habit anymore which most likely ended up in a bad way just like the news I watched years ago where the suspect free fire in Casino because he lost everything and ended up taking loans which in the end he won't able to pay it anymore.

Is the person out of his mind??? That's unthinkable to me, how would I stoop so low to the point of borrowing money to gamble? That's a high level of irresponsibility, and no amount of financial desperation should have triggered that if the person is with his right sense. Gambling with your money is risky, talkless of gambling with loaned money. Meaning that there are further obligations to pay more interest on the borrowed funds after you must have lost the money in which the probability that you will lose it is very higher. That is senseless!

I am strongly against any loan activities, either using loan to invest or do stupid things I don't care because loan or borrowing money is like a road to downfall for me, I have done it in the past and it never worked well, when I ask questions from my family I learned that it's a bad thing even in the family, I am saying this because it's weird.

I am one of the few that have this going on in their lives, if I take loan for anything, it won't end well, it's either I end up in debt and find it hard to pay up or everything I use the money for will collapse, at first I thought it's spiritual attack, but why things work better for me when I use my own hard earned money? This is why I believed what my parent told me, because it has happened to them and they never tell a soul until I told them about what I was going through.

Now how can someone in their right sense go out and get a loan for gambling? There is no way anyone can tell me that they know what's gonna happen with gambling, only dic*head gamblers who don't know how risky gambling is will do such stupid thing, it's not even as if they don't know how risky it is, they stupidly believe that they will always win, the thoughts in the mind sometimes can ruin people.

Yes man exactly, people who borrowed money to gamble they have different thought at that point when they are gambling, but on my observations I checked, I noticed that this gambling have one spirit that when lossing you will increase your stake to get back that money you have lost then when you start winning you rollover, and this rollover has caused much lost in gambling world.

That is true for gambling addicts and even people who borrow money to play as that is an aggressive form of addiction in my opinion.However a gambler cannot think otherwise as if he goes and places a bet with the losing mentality that he will not get a win he would not gamble at all in the beginning,it is exactly because of this that hope is at the highest level before placing a bet in a gambler mindset and it is true that they don't think about the consequences.If they thought about them they would sit down and think calmly which would lead them to quit gambling for good.The real bad moment is when he realizes that now he has even lost a borrowed amount and his debt has increased further,depends on what he does on this moment that decides his fate,if he quits good for him (at least quits borrowing money) and if he continues bad for him.

Gambling addict don't think this way, you are talking like this because you understand the risks, many gambling addicts don't think or understand the risk  and they can go to any lengths to take a bet because all what they will be taking in their mind is they're going to win,  if a gambler sets his mind on the winning side only he is at risk of losing everything and such Gambler may turn into an irresponsible gambler because no matter how good your calculation is you must always think about the other part, every good things have its disadvantages so do not think about the positive side only think about the negative side too and always prepare for both sides.

so the bottomline is? never borrow money if you are just gonna use it for gambling because the assurance is a little , and also if you will be honest to the person you are going to borrow? surely they will not lend you a penny (though there are some people or businesses that has lending for gambler but has collateral )
so never borrow to gamble thats the main point.

I am not really a fan of loaning, even though i really need a money or there is something I wanna buy, I wont borrow money for it but instead i will save money and wait until I have enough money to afford that thing, what more if you are going to gamble the money that you have borrowed, this is is really a dumb thing that people doing especially those addict, and I think people with good and normal thinking wont do that thing, online those gambling addict will do.
The worst part of this is whether you lose or win you still have to pay the money with interest and that makes it more problematic especially if you lose.

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.