Topic: Give Him a loan Or Partner With Him - page 5. (Read 724 times)

after you say if he is very rich and loses at horse races loses all his wealth I will only choose the option not to lend money to him because it is clear from the start he is a rich man who can lose all his money and if you give loans to him he will definitely lose too money when defeat comes take everything. on the one hand, this effort is not that we are evil to friends not to give loans, but this effort can prevent them from losing too much money to gamble.

but if he has a job or an established business I think its fine to give him a loan because he has the income from his business to be able to repay the loan.

Giving loan for betting is not recommeded although how close you are as best friend or not, loan is faster way how to cut off your relationship not only between friend but also as the family. I don't think good ideas giving loan for your friend to horse race bett actually with bad reputation loss much in that kinds gambling.
You can give few dollar as best friend relationship under 20$ to 50$ and never give loan yet if your friend using for betting, there are not guarantee with your friend horse race betting will win and he doesn't earn money yet for loan payment later.

Wait he lost in horse betting because he was sick or is he just sick, sick? Cause if the former, then that's kinda bs, and if the latter and he's asking you to give him money to bet, I'd question him why he isn't asking a loan for his sickness instead.

In the first place, I'd never, ever loan to someone, whether they be friend or family, if the purpose was for gambling. If it wasn't for gambling but it is given to a gambler, then I'd need to check whether said money is actually spent on whatever need they have. I'd even be willing to spend the time to assist and check it myself.

Taking a loan for betting is never a good idea, even if he is a long-term sports betting winner. I would probably try neither to lend him the money nor partner with him.

If I was forced to and had absolutely no choice but those two, it would depend very much on the person and the circumstances. I would probably partner with him until I got my money back and a bonus for the risk taken and that's it. He's not going to be paying you for the rest of his life because you lent him money once.

Friendship is the most valuable and important thing in life. But you always need to be able to separate friendships and money, and this is very important, they should not mix with each other. If your friend asks you for money, but at the same time he can leave, then the only best way will be to help him out with money, but at the same time conclude a written contract with him, which will describe all the amounts that you lend him. At the same time, the timing of the return of this money should also be described. This will allow you not to be left without money if this friend suddenly decides that disappearing with money is more important than your friendship.

If I am honest with you I do not like to mix business and friends, as this seems like a good combination but when you actually try this it ends in disaster, on the surface it may seem like a good idea to give a loan to your friend as you could make more than your seed money, but even good gamblers lose money and this could strain your relationship, besides unless you were completely sure they lost their money because of a disease I would be suspicious they lost their money gambling and they are just looking for someone to fund them instead.

First I would thank him for his honesty and statement that he will keep on gambling money with loan. I wouldn't give him lecture but I would share my opinions about gambling with loaned money and that I don't want to give him. I would only suggest him to get back on his feet (symbolically) and earn money through different income methods. I would suggest him to gamble with money only he owns. That's pretty much it. I value my friendships.

I would reject his request to borrow money because I don't know how much money he's planning to borrow and even the good bettors can still go through a bad patch of losses, so you never know when he can pay it back. I might partner with him through his horse racing bets because it can be a fun hobby, as I used to follow horse bettors a few times. Also, it's tough to lend money to a friend because it could burn bridges, and i'd prefer helping in another way after i've had bad past experiences with lending money to a friend.

The fact that he will just use the money (that I will lend to him) in gambling, makes me hesitate to give him a loan. Regardless what form of gambling he is good at, it is still gambling and not guaranteed.

Therefore, I will just give him money as a help for his illness and not to use in horse racing. Even let's say he is good in horse racing, but you can never be so sure that you're still good like what you used to before since it's been a while. Moreover, in gambling, you need luck to win, so I will advice this friend to look for other ways to earn money rather than relying on gambling to get his fortune back.

I can also do this but how much of the amount to give to him is what I would actually have 2nd thoughts. $1000 is even too much for me but will this test result to enlightenment on his mind?

When a person is somfixated with their idea sometimes even with the intention to help, its us that looked not supportive to him. For me, $100 might just be right for him to see everyone is in crisis today so don't make it worse.

First of all, it is your friend. Try to explain to him what is happening and why the risk of doing it is so huge. Try to persuade him not to do it because it can make his situation worse. Now for sure, he will still not be listening to you, so if ever you do have extra money, I will let him borrow it, but with less value, and let him know that his strategy is not working now so he can experience it and possibly make his eyes wide open.

Neither giving loan nor partnering with him. Told him to get money before trying to continue to bet on it. Giving him a loan will be a disaster for you as you he can also become your enemy. Another scenario to consider is that your friend may try to deceive you if you decide to partner with them. I don't even see those options were good. Told him to get a job and get money from working on his job is far better. He shall have stopped to bet once he running out of money in his pocket.

I would rather than give him advice. It will be only destroying the relationship between you and your friend if you were doing one of those options. This is based on my actual life experience.

It would be good if he wins the game, but what is happening if he will lose it? The decision is yours.

Some friend wont really be minding whether he would be repaid back or not by his friend and there are really those people who are really that prepared or really that willing to help their friend at need but basing up

on the situation then this is basically a call for gambling urge and income or profit making on which you could really feel out the desperation deep inside which it would really be that resulting into further losses
as you would really be that desperate when it comes into your actions.If you are that someone who would really be that thinking up that way as a friend then you could really just simply tell him some recommendations on what things should be done rather than on spending.

I agree that playing gambling with a loan is never been that ideal.You are really that putting yourself into so much trouble or deep debt on the time that you would be busting up  yourself
that hard into this industry. Partner with him doesnt have no point because you are just simply tolerating him on what the things he do want and ending up for you to support his needs
and funding towards gambling which it doesnt make sense.

Dude has anxiety over losing his fortune in horse racing, would you really loan that guy or partner with him considering that he might make bad decisions due to his vengeful nature? I won't. That will be my help for him as a friend by not giving him anything because it will just ruin his life and his own health by gambling again.
The gambling industry has a stressful nature and whenever we experience losses, we tend to think hard about regretting our decisions. By partnering with him you just put yourself in the same position as him and soon both of you will have the same stressful environment which leads to disaster.
Help him on other ways, not like this or whatever is in your options.

Regardless of the reason why he's taking a loan, you know your friend more than us.

Is he capable of paying back the loan?
Has he turned down you at his promises even once?
How do you trust him in his words?

If you ask that question in the community, many might say that don't give him a loan. We can't give you any better advice. That common friend of yours is only known by you including his behavior, personality, traits, and many more. Only you can decide what to do, not us.

if a person keeps placing bets and the entire bank goes bankrupt, then it's because that person can't win, so that person should stop playing immediately, I know it's painful and even when we say this to people it may sound rude, But we have to analyze things carefully, why would a gambler go bankrupt? The answer is simple: because this person is not able to place bets correctly and manage their bankroll correctly, imagine that you have a friend who has $100,000 in bankroll and keeps placing horse bets, after 3 months your friend looks for you and tells you he lost everything betting on horses

This means that your friend lost 100,000$ and if he had any gains then we would already be talking about losses of more than 100,000$, so your friend asked you to borrow 2000$ to go back to betting on horses, I ask you: if your friend with $100,000 bank was unable to make a profit and went bankrupt, so $2000 would change anything? the answer and it wouldn't change anything, he would lose everything again. The most recommended thing is that you as a friend should do in these cases and tell the person who is placing horse bets to stop betting immediately, you should not lend them money to continue playing because by doing so

you will be helping him become addicted to gambling, when a person cannot stop gambling even though he sees that he doesn't win anything and is bankrupt, then that's when that person is addicted to gambling. There is no other name, this is called addiction and it needs to be treated with greater urgency before it reaches much more serious proportions in the lives of other people in the family and friends, today they ask for money to continue playing, tomorrow they will steal money to continue playing and a day will come in which you can die because of gambling

You can't partner with him without supporting him with funds. It is funds the guy need and not encouragement. So if your mind tell you to support him with the funds then do it. But is it physical bet or prediction? If it is physical betting I will advise him to stop the game for sometimes to regain himself fully before going to join the race again. But if it is prediction then you can loan him to play the game but put at the back your mind that, he has an alternative way to pay back the loan if he looses.  If not your money stock there.

He's good in the horse race and yet he didn't win big upon all the games had played and that was why there was nooney in his pocket when he sick and if he was a successful racer, money won't be his problem after the sickness. Or he would have easily taking the loan from his competitors if they know that he was good. And since he was not a successful racer even this loan, there is no guarantee that he will win. So you better look for an alternative way for him to restart the race and not the loan. Don't take loan tto gamble.

That’s why it’s better to have another source of income as a gambler, and you shouldn’t depend on only gambling for survival. If your friend has other sources of income, I'm sure he will be able to generate money from there, and he will be able to start all over again, but it’s just risky to take a loan to win back his fortune, which I don’t really recommend people do. I don’t recommend people take a loan to gamble even if they are professional gambler and they have been winning for a long term.
 
Since he is your friend, the decision is left for you to make, but if you are giving him the money, then you should keep in mind that anything can happen to the money that you loan him, and I don’t really know how the partnership aspect is going to look.

You wont really be that skeptical on the time that you would be lending out some amounts acts as a help specially on his treatment but in speaking on making use of it on gambling then you would really be that hesitating
on what he might do which just like the rest been saying that it wont really be that ideal on doing or lending him some money because you do see that he's really that eager to play again and dont mind about his maintenance or medication if ever he had been that still on such condition. So its better to give out some piece of advise on making things more better or arrange first before minding anything else specially on gambling.

Giving him a loan turns out that you are tolerating them and also do you really like on lending him money even if you do know that he cant pay it up on time? even if he does but still its not a good idea on spending loan
money on gambling and there's so much things or important matters which needs to be worked first before gambling or leisure times. As a friend then it would really be that ideal and something commendable
if you would be explaining things on what are the things that he should mind first.

..emmm, you've not made specificities on whether or not your friend recovered from his illness though buh, if he didn't, then I'll have to administer some personal treatments First, then sit him down and tell him what he needs to hear - I can't lend anyone funds to gamble for any reason... That's not an internal revenue platform, or a sort of disbursement fund - it's way more different.

Sandra 🧑‍🦰