What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.
To be honest, I don't understand horse racing but in this scenario I will not take a bigger risk let alone lend without any guarantee that it will win, we often call it "luck" even though I know in horse betting there is certainly an analysis to see the condition of the horse and jockey.
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.
What's your best course of action in this scenario?
A common friend confided this to me.
Maybe lending is not a good solution "in my mind" but there are some agreeing with partnering but that for me still does not agree because in terms of money I do not want to involve in gambling with others.
The conclusion is to do neither.
