Gambling experience using loan money - page 18.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: Barcode_ on July 29, 2023, 07:29:57 AM

In my opinion, I think it is pretty insane and risky if gamblers are taking loans to fund their gambling activities, the risk is huge as the chances to lose all of the money within a few minutes in a casino is possible whenever a bad streak starts. If the situation were to happen, the gamblers would be in deep financial problem as they would need to repay all of the money loaned to them within a certain period of time.

I agree with you here, but some people get careless with loans since it feels like you're playing with someone else's money. Loan can give some people a sense of freedom, like the risk is lower because you aren't losing anything. A day before you didn't have that money and now you do.
Some of them feel like it's an easy way to make money for free. You take a loan, bet it, win and pay the loan back, pocketing the profit. It really looks this simple for many of these players, until they lose it all and the reality hits them in the face like a brick.

coinerer

hero member

Activity: 1456

Merit: 608

Vave.com - Crypto Casino

Quote from: Shamm on July 29, 2023, 11:25:11 AM

Honestly here in my country I'll experience this kind of situation that I'll make a loan from my friend of mine and I used that money to bet in a cock fight which is pretty known ij my country. And then I'll bet and use that money then I'll loss and loss then when that pay time has come and I don't have enough money to pay because I have a family to feed them I realize that using a loan money to gamble is not a good habits as we all know that once we don't have our luck in our side then all we get is losses.

Gambling with loans from friends is not too risky as there is no interest to be paid on the loan. But when someone starts gambling with a loan from an organization or a bank, it can be a very dangerous experience form for him. Gambling with loans is risky so no smart person should do it. a healthy person would never do this. this can only be done by those who are deeply addicted to gambling. I never think that gambling with loan money can be a good experience for anyone. It will be a temporary good experience for him who has good luck and can win in gambling

Shamm

sr. member

Activity: 1148

Merit: 346

Honestly here in my country I'll experience this kind of situation that I'll make a loan from my friend of mine and I used that money to bet in a cock fight which is pretty known ij my country. And then I'll bet and use that money then I'll loss and loss then when that pay time has come and I don't have enough money to pay because I have a family to feed them I realize that using a loan money to gamble is not a good habits as we all know that once we don't have our luck in our side then all we get is losses.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Jawhead999 on July 29, 2023, 09:18:14 AM

If you think there's no difference between using loan money or money for fun in gambling, you can imagine what was your feeling when you bought something via credit and when you bought something via cash. Is there no difference? when you're buy something via credit, your monthly wage will deducted with the amount you need to pay the monthly installment. When you don't have any installment, you can use that money for saving or invest.

Such is the difference. We must keep paying loan money to credit cards or people who lend us money. And that has happened to people a lot because they think they can win by borrowing money, but the opposite is that they lose. Never borrow money to gamble because we don't know what the outcome will be and if it turns out to be a loss, we have to repay the loan money. And if we don't have the money to pay, we will be billed by that person and it will be difficult to pay.

Jody.Drummer

hero member

Activity: 1708

Merit: 566

Leading Crypto Sports Betting & Casino Platform

Quote from: Webetcoins on July 29, 2023, 10:35:15 AM

Gambling by taking a loan is one of the biggest mistakes that one can make in their entire lives, it can become the starting point of your life getting ruined, you might get out of if you get into gambling addiction, but you cannot get out of the loans once you start taking them to gamble because they just keep piling up, you lose the first one, you take another one from somewhere else only to repay the first one and have some extra cash to gamble, and that continues.

Never in my life, I've seen a person who got success by taking a loan and gambling with it, and managed to repay the loan by winning a significant amount from gambling, it never happens, because gambling is not a business for gamblers, it is a business for casino owners and they are the ones who will profit all the time but not us gamblers.

Those who gamble using borrowed money are creating their own time bomb, it's just a matter of time and it will destroy them. Let alone gambling using borrowed money, gambling using money for other needs is not something I would even think of doing. The reason is that it will trouble us later even though logically it is our personal money.
Just like you, I've also never met a gambler who gambled on borrowed money, then they were able to pay it off and get more money that would later become their personal money.
Good point you made about the business, it is their business.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

It's the worst thing that you would be doing. Never gamble if you cannot afford to gamble. What happens when you lose the money that you borrowed for gambling? How are you going to pay that money back since you already have nothing? Will you be borrowing more money to gamble and pay your debts? You will be stuck in this cycle forever and this is going to make your life unbearable. You might end up doing things that you thought you would never do for the money...

Never gamble what you can't afford to lose. Gambling should never be considered as your source of income. Only gamble for fun and consider the profits as a form of reward that is "optional".

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Gambling by taking a loan is one of the biggest mistakes that one can make in their entire lives, it can become the starting point of your life getting ruined, you might get out of if you get into gambling addiction, but you cannot get out of the loans once you start taking them to gamble because they just keep piling up, you lose the first one, you take another one from somewhere else only to repay the first one and have some extra cash to gamble, and that continues.

Never in my life, I've seen a person who got success by taking a loan and gambling with it, and managed to repay the loan by winning a significant amount from gambling, it never happens, because gambling is not a business for gamblers, it is a business for casino owners and they are the ones who will profit all the time but not us gamblers.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote

Collecting a loan and using it to gamble is stupidity.

Haha, tag it whatever you like, but people are doing it (I agree with you, and I also think that it is a very dumb act). I also agree with the OP that some ranked-up members here do such things. For one guy I know outside the forum, he has done it several times. @OP, What about those people who even sell some of their assets to gamble? Is that not madness? But if they win huge, it will not really be called madness, but the person will now be seen as a risk undertaker (Maybe that's the experience). Other than that, there is no good experience about betting with loaned money; instead, the person might even be more pressured to gamble at a loss.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

Quote from: dimonstration on July 28, 2023, 09:28:23 AM

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

Its not an ideal move if you are just a person who are not capable to pay those loan, for example you are a person just earning enough of money and want to play gambling and last resources you can choose is taking a loan, but unexpected things happen so you cant pay the debt we know the loan does takes a additional interest every time you cant paid you will get past due that cause additional things you need to pay, but if you are a person who have a lot of asset and taking loan is the deal to satisfy your gambling activity its just okay because you have a good cashflow could pay the debt but if not better stop wondering that and earn additional money for your gambling habit.

Gallar

sr. member

Activity: 812

Merit: 365

Quote from: dimonstration on July 28, 2023, 09:28:23 AM

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

To be honest, until now, I personally did not dare to play gambling using money from loans, be it those that have interest (banks), or those that do not have interest. Because in my opinion this is too risky, especially if you borrow a fairly large amount of money, the tension and risks that must be faced will be even greater. So I'd rather play gambling, with just the minimum money I have, no need to have too big ambitions, let alone to borrow money. Because as you said, "that the gamble has not started, but the money has decreased", that is indeed true.
Therefore, to play gambling, I avoid borrowing money at all. Maybe you could say I, too timid with the name of borrowing money. But in my opinion, this should always be avoided as much as possible in the field of gambling or in other fields. Because minimizing risk, for me is very important, including playing gambling too.

Jawhead999

legendary

Activity: 1820

Merit: 1207

If you think there's no difference between using loan money or money for fun in gambling, you can imagine what was your feeling when you bought something via credit and when you bought something via cash. Is there no difference? when you're buy something via credit, your monthly wage will deducted with the amount you need to pay the monthly installment. When you don't have any installment, you can use that money for saving or invest.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: dimonstration on July 28, 2023, 09:28:23 AM

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

Taking a loan will give you a lot of headaches, you are taking a loan because you don't have money to gamble, and if you lose from gambling you will take a loan again that is two times the first loan so you can pay the half and play half of it so you can get back what you've loss in your first loss, its a vicious cycle and that's exactly what happen, he find himself having debts to a lot of people because he has no money to play and he chase his losses to pay his loan.
If you don't have money don't gamble and worse don't ever take a loan.

Barcode_

staff

Activity: 3206

Merit: 575

Join the world-leading crypto sportsbook NOW!

In my opinion, I think it is pretty insane and risky if gamblers are taking loans to fund their gambling activities, the risk is huge as the chances to lose all of the money within a few minutes in a casino is possible whenever a bad streak starts. If the situation were to happen, the gamblers would be in deep financial problem as they would need to repay all of the money loaned to them within a certain period of time.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

Are there really high-ranked members here that are borrowing money in order to gamble? This doesn't make sense unless someone is in a hurry for a big promotion with good odds of winning or taking a bonus.

However, in land-based casinos, I heard about and even tried to finance with a friend so we could start small lending offering money to those regular players in the casino. Of course, there will be collaterals like watches, jewelry, motorbikes, or even cars. The loans are also short-term they should be payable in days, a few weeks, or within a month. My venture didn't work well though but I know it exists here in my country which is ridiculous but most of them if not all are rich people.

MAAManda

hero member

Activity: 1652

Merit: 772

Take a look at my merits, It's lucky number

Quote from: dimonstration on July 28, 2023, 12:37:14 PM

Quote from: MAAManda on July 28, 2023, 11:56:18 AM

Quote from: dimonstration on July 28, 2023, 10:18:11 AM

This is exactly what I’m thinking when I create this thread. I was tempted before to ask loan here just to gamble while waiting for my campaign salary to come but the interest rate discourage and your situation is exactly what I’m thinking whenever the loan money starting to burn on bets while you are thinking on how you will repay again the loan plus interest rate.

Pressure is really high when you are on the brink of losing while you don’t have enough money to pay the loan on time once you lose the loan amount.

Trust me, don't do that, it would be better if you waited until you have allocated money to gamble instead of having to play the money you borrow. I don't have the capability to explain everything, but this is all related to the psychology, so not only in trading, even in gambling you also have to have a healthy mentality to be able to think rationally.

Thank you for the warning. I fully understand the risk that's why I never ask any loan here in the forum even though I have way to pay it even without my signature campaign which I typically use for my gambling activity here.

I'm already thrilled whenever I'm down with 50% of my bankroll and I can't imagine what will I feel incase I'm using money that I just borrow with additional interest. If ever I will do this in the future. I think only 100$ is my maxmimum borrowed money that I can afford to lose sonce borrowing more money means more interest that is a relized loss already even before gambling.

Yeah!, you're welcome. Let me give you a few examples of what you will feel when you gamble using borrowed money and when you lose. When that happens, you can't be calm in making your decisions, all that is in your head is how to get the money you borrowed back (winning is no longer a goal). As your bankroll continues to drop, the only thing going through your head after that is going All-In, not all of my All-In experiences have ended badly, some have ended well.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: goinmerry on July 29, 2023, 06:12:08 AM

Whatever the purpose is, taking a loan is fine as long as we do have good communication with the lender and agreed on the said terms.

But that is the issue though, if we take loans for gambling and we lost the money, then how can we afford to pay the loans?

Quote from: goinmerry on July 29, 2023, 06:12:08 AM

We can't control people who want to take a loan to be used for gambling since what if they can afford to pay that loan no matter what? We just have to mind our own business. In an event where these people who took out loan for gambling and are unable to cover it, then they should accept the consequences.

Others are lucky to win big in gambling out from loans. On the other hand, there are unfortunate. That's the reality.

And if specially those who take out loans are addicted already, they could do things that we can't imagine that people will do just to continue with their gambling habits. And one of them is not paying the loan on time and just totally hiding from people that they need to pay that sometimes it has a dire consequences to the gamblers as something bad could happen to him.

goinmerry

legendary

Activity: 2940

Merit: 1083

Whatever the purpose is, taking a loan is fine as long as we do have good communication with the lender and agreed on the said terms.

We can't control people who want to take a loan to be used for gambling since what if they can afford to pay that loan no matter what? We just have to mind our own business. In an event where these people who took out loan for gambling and are unable to cover it, then they should accept the consequences.

Others are lucky to win big in gambling out from loans. On the other hand, there are unfortunate. That's the reality.

m2017

legendary

Activity: 1792

Merit: 1296

Crypto Casino and Sportsbook

Quote from: dimonstration on July 28, 2023, 09:28:23 AM

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

I had no experience of gambling with borrowed money. All that I lost was only mine. But I know more than one player who played by borrowing from others. This has always only led to more debt. What exactly they experienced during the gameplay, whether they felt additional pressure, I cannot say. But I can say with confidence that after losing the borrowed money, they experienced far from the most pleasant sensations - not at all what they expected. This is for the attention of those who believe that gambling is played for the sake of pleasure. Take my word for it, in gambling, instead of pleasure, it is easy to get suffering. Don't forget the dark side of these games.

LDL

hero member

Activity: 742

Merit: 671

Quote from: dimonstration on July 28, 2023, 09:28:23 AM

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

One thing is very important in gambling that one should never gamble by borrowing money from others or taking a loan from the bank. There is a big risk in this because when you take a loan from any source and gamble, you will not be able to repay the loan if your bet loses. You have to make big bets to repay the loan and you must pay those bets. You must re-borrow to re-bet, in which case you will be at a greater risk of re-borrowing. If you can't repay the loan, you will be bankrupt later.

shogun47

hero member

Activity: 1708

Merit: 553

Play Bitcoin PVP Prediction Game

Quote from: dimonstration on July 28, 2023, 09:28:23 AM

I knew that there's many topic like this in the past that asking advice about loaning for gambling. The intention of this thread is determined what's the actual feeling when you are using a loan money on gambling knowing that there's an interest rate on your borrowed money which means you already lose part of your money before you start gambling.

I saw many high rank users here that asking for loan and directly deposit the loan amount on gambling account. I want to know what's the experience on using loan money. Is there additional pressure on gameplay or just the same using regular money without an interest rate.

I guess that those who are naive enough to use loaned money to gamble actually do not think about the interest part you are mentioning here. When someone borrows money with the intention to play some rounds in a casino, do you think that that person does some serious calculations in advance or thinks about the interest rate and how bad it is that the interest rate is essentially to be deducted from the principle the moment the loan is transferred? I think this goes too far considering a mind of a gambler who is determined to spend a loan on gambling.

Topic: Gambling experience using loan money - page 18. (Read 2230 times)