Topic: Gambling is short cut to poverty - page 6. (Read 8606 times)

The time that you do took up some loan and do really that been applied to being used to gambling then this is the most or the worst decision that you do make into your life.You will be finding yourself having that huge problem at the time that losing will be keeping on piling up. We do know that gambling should really be just that for fun and taking up some loan just for you to gamble is really just that something that a foolish action to make. Its indeed a shortcut to poverty and if you arent that careful into the things that you are doing then you will definitely be ending up on having that miserable life. If you dont like on having this kind of life then it will be that advisable that you do really know at least on what you gonna do. Always consider out on having that good thinking about plans and future endeavours.

Yes, it's actually that simple to find out what causes someone to become addicted or what causes someone to dare to do various aggressive actions, one of which is borrowing money, and I'm sure that the action was taken because they were already in despair, as we know that borrowing money is an action that is generally done when we are not able to solve problems related to money and when a gambler borrows money just to realize his gambling desires, then it can be interpreted that they are forcing the situation and of course that is the wrong action.

As you said that only those who have a clear mindset are allowed to gamble, that means gambling must be done with great care and also the right perspective regarding what and how gambling actually is because it is very difficult to cure someone after they are trapped in addiction.

Yup, if you combined them then the risk also doubled the impact might affects not only you but also those people who sorrounds you, direct or indirect they are also part of whatever bad things that will happen to you, most of the time those debts or loan that you take will be carried by your family and those friends that have a closeness to your family.

They'll suffer as they need to help either financially or mentally since they are part of it even they don't really know or they are unaware with the problem that you made they don't have option but to take part and help especially those who still care for you.

That's the worst side of it, you didn't borrow money to invest or do business, it's gambling you borrowed the money to do, this is foolishness and what difference does the person think the borrowed money could make when he had lost the initial money bet? This is madness and only addiction can cause it. Gamblers should know that gambling is not the door you knock on for money-making, better things are yearning for our loaned money than wasting it on gambling that will always have similar results which is negative if we are not smart with it.

Exactly the point @Agbe was trying to make but the thing is gambling is not meant for people that doesn't have self control, people that failed to realize when to give a break for some time or as the case may be even quit if thet can't be in control of their games, I concur to your statement that these set of persons are responsible for whatever condition they find themselves in. Some gamblers don't even understand that gambling should not be taken very serious to the extent of putting all their hope in it, this is where the addiction and the poverty itself comes in, every gambler must understand that they don't have control over what happens when gambling but you can control yoursel for going on and on to reduce the risk of chasing loss which leads to addiction itself.
For me whatever takes your hard earned money that's not sure of yielding a return for you can lead you to poverty though gambling is one of them but it all depends on the individuals involved and how they handle their gambling habits, if one applies smartnes and follow gambling concepts there wont be anything like poverty in this.

Buddy you're right about the smoking of a thing is just that some people fail to take cognizance of it, the money being spent on smoking by some people can go a long way in doing some personal stuffs or even more for them but they are stucked with addiction which can also lead to the said poverty when such individuals are been striked by the health conditions that comes with the smoking of a thing.

I understand the reason behind your statement which is due to people who are negatively affected by gambling but we can't say gambling is their problem because the main source of their problem is themselves, and until they are already to set things right before they can overcome the side-effect of gambling.
Honestly, if we're to talk about things that are shortcuts to poverty there are many but I come to the conclusion that whatever is it we're doing in excess can technically lead to poverty and this is why I believe the wisdom and knowledge are needed in every area of our lives.

Having said that, most people don't notice that smoking and alcohol are the number one money-wasting things in the world. Despite the marketing that says it is not good for health, and how it was not allowed to be placed publicly at the bar the tobacco, and liquor companies are making billions of dollars every year.

What I worry about is when someone borrows money to gamble they will have difficulty paying it back like my friend who works in a supermarket he did not hesitate to take out a loan with the aim of gambling but unfortunately he is currently in debt up to millions even to the point of selling his assets to gamble again because he hopes gambling will give him a win that can cover all his losses, this is clearly an example of gambling addiction.
The uncertainty of winning in gambling makes many people lose a lot of money, but losing a lot of money will not happen if we ourselves can limit the gambling we do because in my opinion people who experience large losses of money are people who are irresponsible with the gambling they do.

Bad combination, gambling with loaned money. The end will be bad and the result of this combination is equal to homelessness or even death. Its impact will be seen in the surroundings of that person as it will affect his friend and his family. What you said is correct play with only the money you can afford to lose. I would like to add to this statement that do not chase the loss as it will result in more frustration and it will encourage the person to borrow money in the form of a loan.

Moreover, I want to say that there can be no pleasure from gambling in a game on borrowed funds. And I think that every gambler understands this, which means that such a gambler takes out a loan only considering gambling as a way to earn money. And we have already discussed many times that this is a fundamentally wrong approach to gambling. You need to play, as you wrote, only for small amounts, and not expect very strong emotions from gambling. After all, those who bet 10 percent of the deposit or more are very wrong. There is an expression "your expectations are your problems" therefore only those who do not expect anything from gamblers really win in gambling.

Adding more pressure with your gambling session, knowing that if you lose your loan money it will adds up to your problem, it's not good using money that you can't afford to lose, instead just play the game with spare money and don't put too much pressure, with that kind of gaming you'll not going to push for more and if you lose, you just go and quit without thinking of adding more money, unlike with aiming differently, you'll be stuck and you'll keep playing to the point that you ends up barrowing to keep your session and to keep on trying to recover.

Among the wrong decisions of gambling is to give you the opportunity to have fun within your means which will not lead you to regret and it was according to your will. You should not find a fruitful solution to your actions by blaming others. You can lose a lot in gambling and that should be your mindset. There should be a benefit in spending a part of your disposable income on entertainment so that you can be mentally cheerful and also have the ability to win occasionally. In poverty, you should not push yourself further into poverty by not looking for work and should make efforts to increase your financial capacity. I have known many hardworking gamblers who tend to continue gambling with their earnings even when they were very poor at one time.
It is good to have a tendency to get a jackpot but it is full of uncertain hopes so you should gamble with the amount of money that you can lose.

You are right, self control is very important in maintaining a healthy gambling habit, self control ensures that we understand that gambling is nothing but just a game of luck, and this helps us to know that we shouldn't go out of our way to participate in it.
We can go out of our way to maintain our business and make sure all is going as it should, but gambling is mostly done for fun, and it's improper to give it the same treatment that should be given to our business which Is where our real source of income lies in..

So, for every sensible gambler, it is better to borrow to invest in a business, than borrowing to gamble, this is part of the self control I am talking about, knowing what is more important and placing priorities on that thing.

He who gambles on loans will surely perish. You are right that if you gamble with a loan, on the one hand you will have to worry about repaying the loan and on the other hand, if you lose the gambling bet, you will still have to worry. Gamblers think that by gambling with loans, they can win a lot of money and pay off the loan easily. But actually gamblers lose money by gambling with loans and at the end of the day they are under pressure to repay the loan. I heard that one of us here borrowed a lot of money for gambling, but at the end of the day he lost all the money in gambling, now he has run away from the village under pressure to repay the loan. In fact if one decides to gamble to get rich quick then he is going to be ruined soon. It is good to gamble for fun but it is not good to gamble by being overly greedy. What is the need to take a loan now? If you spend 2-1% of your income on gambling then you won't have a problem.

I agree that a gambler's lack of understanding and preparation often leads to making irrational choices such as borrowing money just to continue gambling out of greed for winning big.

Only those with a clear mindset and strict boundaries should gamble because if these are not maintained, it’s better to completely avoid gambling to prevent falling into a cycle of debt and regret.

Yes, I am sure that what you said is true, which is addiction that triggers various aggressive actions such as borrowing money or even other crazier actions such as stealing or robbing, and of course they are definitely irresponsible gamblers and this is usually caused by gamblers who from the start misunderstood what and how gambling really is, most likely they are too tempted by the name of victory or the chance of victory that makes them interested in getting involved in gambling.

Some general advice that is often said by others such as gambling with the amount of money you can afford to lose, we can actually conclude that gambling is recommended to be done with mature self-preparation to face defeat, and when it turns out that you force yourself to gamble with the funds borrowed, it means that you can conclude that you have deviated from various advice that leads to prevention.

That's the right approach for me.
If you cannot afford it then, don't play at all. I mean, there are those who start hating themselves because they made a wrong decision to gamble and wanted their back that instant. This is where it could lead to chasing losses heavily which will probably lead to poverty next. If you know to yourself that you are going to hate yourself because of your own mistake, don't start it. You save yourself the stress, the money, and the effort of playing and waiting for the jackpot that might not even happen at all.
Gambling is for those who believe they have some spare money to play with, it's better that way to avoid chaos.

Those gamblers who take loan to fund their bankroll are either impatient of have come into something of a strategy that they thought would give them huge amount winnings.

Obviously those impatient people can't wait for their monthly salary and is very eager to play.  As a result they borrow money from their friends promising their salary as payment.

While the other group might probably discover some strategy, tested it on a small amount and thinks it was a successful strategy because they are able to win (maybe many of us have seen this kind of situation where a gambler borrow money or ask some sponsor because he had discover a "sure" win strategy).

True there are lots of gamblers that have ruined their lives but I believe we should classified these gamblers.  They are irresponsible gambler, does not practice self-control and just follow the urge to gamble without even trying to resist the temptation.  These kind of gamblers are those who ruined their lives.

Loans are always a burden and you need to pay lot of extra money (interest) to repay them. I took a small loan for buying a new car with two years plan. Every month a considerable amount of my pay goes as an instalment and once I got rid of that I made a resolve of not to take any loan in future.
Taking loan for gambling is like burning money which you have to repay with interest. Reason is most gamblers loss money in gambling and it's the house that's the winner. This is how gambling industry has been designed. Better stay away from gambling or invest only that you can afford to lose.   

actually there is no need to have 2 personalities in this case, just follow the flow where we gather, and gamble, if you are ready to bet then you are ready to lose, but if the environment does not allow for better there is nothing wrong if we move away, focus on work to survive and by managing financial patterns poverty can be avoided,

Therefore, casinos are specifically for people who are aware of the risks that will occur and the need to read the ToS on each casino platform chosen.

Everything has been explained in detail how the risks are and what is allowed and prohibited.
And of course those who play casinos are adults who are aware of the games and bets that will be made, not for those who are minors or who do not have a stable mentality because of course they will be very susceptible to stress and addiction, psychological readiness needs to be considered.