But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.
Gambling is gambling. Once he mentions that he will use the money to bet, I won’t borrow him that money because I’m afraid of borrowing him money and coming back and hearing another story. At the end of the day, gambling has no guarantee of getting the money back, which means the money may not come back, and whatever expert you are, you will still lose in gambling, so the only thing I can do for this friend is that I won't borrow him money, but I will give him some money that I know, even if he didn't tell me to borrow him, I will give him for free. If the money won't be enough for him to get what he wants, he can now go to another place; maybe he will get someone who can risk his or her money to borrow him and place the bet.
Before giving a friend a loan for gambling, you should keep in mind that it will always be too difficult to get your money back. You should consider how he would be able to repay you in the event that he was to lose money gambling. After all, it appears that this is how he makes his life. There is no other source of income he has apart from gambling. Repaying your loan to you will be based on whenever he wins in his horse race gambling and recovers his losses.
The best option in this scenario is to give him the amount you know, it won't give you a headache if he refuses to pay you back. As for loaning a friend money to gamble is what to avoid. If you still want to be friends with him.
Exactly. Borrowing a gambler's money is just like investing what you can afford to lose. because there is no guarantee of getting your money back, so while making a decision like this, you need to be very careful of the kind of amount of money they will request from you as a loan, even if they are friends, because he may place the bet and he will lose, and you can’t ask for what there isn't. As it shows, the OP friend doesn’t have any other way of getting money than horse race betting, so you can see that there is no possibility of getting the funds back if he loses the bet.
Dont tolerate him and if you do see that he had some slight gambling addiction then there's no way that you should really be lending him some money and if you dont like to have that kind of potential problem in between your friendship then it would really be just that better that you should reject or would really be trying out to say that you dont have money instead on making him getting some loan. You arent that blind on not to see the condition specially if he do still that in recovery.Even we do say that he has some good record when it comes to sports betting but we know that we cant really be lucky forever. What if he would really be able to lose it all on the time that he had played out gambling and then make a reasoning that he cant really be able to repay you and it might take up some time? For sure it would really be bringing up that kind of
conflict in between you two and if you dont like for it to happen then its better not to tolerate him on giving up some loan even if you do have the money then it would be ideal that you should be
pushing him to play even more. Getting some loans for desperate gamblign sessions? Its never been that ideal nor good at the first place.
