Topic: I could have won bigger. - page 10. (Read 2197 times)

I don't think you should lend money to a friend who you know has a gambling addiction. It is obvious that he will gamble with the money he borrowed from you. Even if you don't bet or even if this doesn't happen to you, you shouldn't lend money to a friend who you know is addicted to gambling. You can tell white lies to your friends about this. You can tell them that you don't have any money at the moment, or that you borrowed money from someone else and therefore you are not in a very good financial situation. I like my friends who play gambling, they are good people like anybody else, but I know that if I don't keep a good boundary between them and me, our friendship can turn bad.

Yeah, you're right.

And also there's the fact that many gamblers know this but still think it doesn't apply to them, that somehow they are "lucky".

That's also part of the story that casinos want to build, that special person that wins against all the odds, it makes it interesting.

And I understand why people gamble, because it can be fun and it can be very captivating, as the casinos know how to do everything to capture your attention.

That great but do many people do it?
Very few gamblers actually gamble with money they can afford to lose and of course most gamblers still view gambling as place to make money and when they lose they try to recover it.

I know what you said is quite good and there have been lots of similar suggestions and advice, in fact I personally often give the same advice.
But if we can always give advice like this, at least there will be benefits for beginner gamblers because there is some information and also warnings that they have to gamble with wiser approach and attitude.

Sometimes gambling is full of sadness and anxiety because they always lose, but gamblers are not aware of the risks in recovering from their losses, they will feel regret if their decision to recover from their losses actually results in much bigger losses.

I think the lesson to learn here is that we should not expect prompt payment from a loan that we made to a friend, and in many cases we may not get our money back, so if you are going to make a loan to a friend those factors need to be taken into account, and if you really need the money for some other activity then you need to refuse the loan, as nothing strains a relationship more than money issues, and we have clear evidence this is the case as even most marriages that end in divorce do so because of money issues.

What matters is that the lent money wasn't necessary for OP's winning. She still made a sweet profit even without her friend paying the loan back. It could have been better, it's true, but since the result of the bet was already good, there shouldn't be any complaints about it. Like you said, and if the bet was lost? The result could also be worse! The cup will be always half full or half empty, depending how the person tends to see the situation. In my opinion it's important to practice the ability to see it half more frequently. Optimistic thoughts attract positive vibes and outcomes, maybe not exactly in gambling, but for life...

Yeah, it is good to have a specific amount of money that you can lose gambling, because in reality you will most likely lose it.

If you actually need that money, and you gamble it, well, you will have a bad future...

Always assume you are going to lose the money when gambling, because that is the most likely scenario.

Anything you win should be a bonus.

If you want to be a responsible gambler, erase the mindset of you winning bigger money from gambling, you have simply open door into dreaming big with gaming, remember that you are not risking your skills here, because with skills you can believe in yourself that one day you will make it big, your sniper rifle is the skills you have acquired.

This is not the same in gambling, the best shot you have is luck, and luck comes and go all the time, so how can you be so sure that if you risk a lot of money you will make a lot of money? Just because you try with what you have and make a lot of money you are now blaming yourself and your friend, why not think about what could have happened if you lose the game?

Your friend don't pay in time, it's different from friends that don't always pay back when they borrow money from you, I have experience such and I decide to never lend out money to such friend again, but if yours pay up later it is still better than he no paying you back again, be thankful and stop blaming yourself in gambling, you can't predict what to come.

Congratulations on winning your bet. Well, about staking more than you should, I know its kind of painful because you'd have staked $10 as you said if the person you lend your money has returned it. However, look at it this way, what if the person had returned the money and you bet on the game and did not win? You wouldn't have been saying this, you have probably thank God he didn't return you the borrowed money. So don't feel bad, savour your winning and be happy.

Your feeling is valid and charge to experience, If you have any plans to use the money prior lending it to your friend, It's better to choose what's your priority, I'm not a fan of lending money even to my close friends unless it's for emergency purposes, Case to case basis but If he used it to other things like gambling, I will take my own money and not lending him because I know that sometimes, they are the one who doesn't keep their words.

Yeah I hear ya, that's pretty frustrating, but man..if 10 bucks is too much to come out of pocket with that other 10 still being owed to you..does it really makes sense to continue to gamble?  As a financial advisor I see stuff like this and I start to think what might have been a better idea.  If 10 bucks is a lot, you shouldn't be gambling.  Be careful, stay within your means...but againi..that sucks your friend did that to you.

I know it sounds bad but that is just the reality of the situation, and the only way this could be justified was if you could spare the money and you never expected to get that money back and instead of a loan you thought of it as a gift, however even this is just too dangerous, as if you give a loan to a friend with the intention of never getting it back, that person may see you as their own personal bank and begin to ask for even more loans, so all in all lending money to a friend is a terrible idea no matter what.

Though you predicted well but blaming your friend for not staking high is not what should come to play, because what if your friend returned that money and you lose after staking with the said amount, despite that your prediction were nice, I don't see it as a sure stuff, prediction are uncertainty, that's to say that if you just know that it is bound to happen and that natural to me, enjoy your returns from the game, as for your friend he might still pay you, just be optimistic, I truly know that if you had lost this game you wouldn't have blame anyone, winning a bet has a way of repositioning ones mindset more especially when you win with a less stake but that just it. 

When it comes to the situation on lending up someone and promised out on giving it back immediately or a few moment or day then i have tons of experience about this specially on real life and this would be basically
in connection into those loved ones or close to me on which funds is been borrowed on which making those sweet promises that they would really be paying it back without any issues and now
on the time that you've been asking for some repayment then they would really be starting to have those kind of behavior as if they wont really be liking on giving it back
They dont know on how important those money on the time that we are really that needed.

Basing up on the situation on which OP had tell or elaborated that his friend do ask for some funds and borrowing it on which it turns out that it is really that the main reason
on why he hadnt been able to make up some huge bets in terms of the amount since someone borrows it and now that the said bets ends up on a win
then it would be on that normal approach that people would really be  that be assuming on things which arent needed to be assumed.

Borrowing just to gamble is a big no-no. I am super guilty of that to be honest because when I was broke I had to borrow little money from my friend and he did lend me just to doing a little bit of online gambling. However, I lost all of that money in just a few minutes but good thing I paid him back after a week when I got my salary.

I also hate the fact that someone would say that I am their "last option" in hopes to borrow money from me but have never kept their promises either to pay me back. It is why I have never ever lend money to anyone (except my family and close friends) for a long while now whatever reason they have especially gambling-related or any nonsense.

But in your case yes it's just unfortunate that your friend had to borrow $10 from you only not to keep his promise about paying you back. It's gonna be a lesson learned for you to be honest. Once you have lent money to someone just for them to spend it to gambling or any other reason, they would keep coming back to you as they consider you now as one of their sources.

I was convinced of the same thing several times when I didn’t know it yet and lent money to my friends. At first the first one didn’t return the money and I thought how it’s possible to borrow money and then not return it. It turns out that relationships are simply worthless to a person. I thought that this would not happen again and lent a girl I knew money, which she did not return. After this incident, I took off my rose-colored glasses and now I will never lend money to anyone under any circumstances! I also advise others not to do this. Even if they are acquaintances, friends or even your relatives. I came to the conclusion that if you want to quarrel with them, then give them a loan and your relationship with them will be destroyed forever.

That is what I thought as well, it is fine to try to be a good friend and all of that, but anyone that has ever lent money to a friend knows that it is never a good idea to mix fiends and money, as there will always be some sort of issue like paying the loan late or not doing so in full, so if the OP really needed the money as it seems it was the case, then they needed to refuse the loan request claiming they had no spare money to lend, instead of being mad at their friend for doing something any friend has done at least once.

I say, don't give more than what you have. And while this doesn't fit like a glove in your scenario, it just goes to show how salty you are about the 10 bucks he wasn't able to give you back on time, to which I say "why give him the money in the first place?" Thing is, people will fail to pay loans on time, and unless you have them by the neck, they wouldn't be able to comply to the rules of your loan, I say just be happy with what you got cause the situation would've been different if they did pay you back. Think of it this way, at the very least, on top of winning that much money in a go, you also have 10 bucks on your friend that he's still about to pay. Isn't that amazing? Don't be too salty friend.

It is obvious that any risk in lending money exists, but of course the risk increases much more the moment we use it for the game, whether for a friend or not,  what matters is that that money can be returned with everyone and their interests, because there is nothing else that cannot be done, only fulfilling is what we must see and do, for this we must be people who are very emphatic in everything, we must be coherent people who need to do something that It is not about lending money, much less to play in a casino, because obviously the most likely thing is that the money will be lost. In this sense, when we emphasize what can happen, we have to be clear about something, to lend money, it is done for some need. Whether it's an emergency or something similar, that's what I see as something Logical , but the fact of lending to play in a casino? It is not the right thing to do, even though people want to do something, at least I don't recommend doing something like that.

Basically things when it comes to doing better to obtain money , it is not the right thing to be in a casino to enter it there, a casino can not be a secure income for anything, nor see it as a job, much less to take risks of money loans, as I have said before , things can look very good when you can lend money even for a Bitcoin investment, but you have to know how to do this type of thing, not everything is for gambling, not everything is for putting money In the casino, the casino should not be seen as an investment, nor does the casino have the obligation that if a lot of money is deposited, the casino has to give them something because they are depositing, only the casino is a type of business model that has It must be seen as something to do better, this will Always be bad , for whatever it is, the income must be protected and try to increase it, the ideal would be to be able to Manage little Money in a casino and try to save until you have a good Amount.

Borrowing other people's money to gamble will only cause problems for us and that person, especially if our relationship with him is a friend. If he can't return the money, it will disrupt our friendship because there is a bad feeling between us. But if he can return the money once he has the money, that's fine and our friendship will be fine. If we want to lend money to a friend, we must first see who the person is and what the money will be used for. If it's for gambling, we can refuse it on the grounds that we also need the money. But if our friend uses it to buy his daily needs and returns the money as soon as possible, we can lend him the money. But it's best if we really want to lend him money, we don't need to remember, especially if it's to buy necessities. Who knows, in the future, we will be in his position and need help. He will definitely help us. That is the figure of a friend who is truly a friend.

It's a right for @OP to complaint because his friend was not fulfill his promise, a good person would return the money before the due. Failing to pay the money before the due is a sign of irresponsible, @OP should avoid to lend his money to him.

Either $3 or $4, at least it's still fit with the subject "I could have won bigger".