Man Collapses after Allegedly Losing a $400 Loan at a Betting Shop

xSkylarx

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Quote from: Davidvictorson on August 05, 2022, 12:24:13 AM

-snip

The man from the story have some high-level of addiction for him to be able to do that. He is too focused with the possible return that can give him and didn't thought of any risks in gambling a borrowed money. His relatives should take him to a specialist that can help him about his current condition. If he takes a loan again from someone and lose it, it would put his life in danger and also his relatives if the creditor of money will do some bad intention against them.

rahmad2nd

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Quote from: Strongkored on August 06, 2022, 11:05:54 AM

Quote from: Jim1X on August 06, 2022, 09:27:08 AM

~snip~

They do not sell false hope but many people who already know that gambling is very risky but always thinking to try even with money that should be for important things in their lives and this is a disaster especially if the person comes from a third country and without clear thoughts using money which is large enough to gamble, especially the person uses money from the loan, always use money that is able to lose.

true, no casino that offers wealth especially gives false hope, gambling is a type of entertainment that involves money as a medium in every game.
not a few people who try to try their luck through gambling, we can see this from the example that the OP told. narrow thinking made him trapped in it, not only lost his home but he had to pay the money he had borrowed.
things like this can be an example so that we don't experience it, the most important part is, if you want to play gambling, play with money that has been prepared for a losing scenario.

lionheart78

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Quote from: Rruchi man on August 05, 2022, 01:14:48 AM

But why did he have to gamble with all, if he wanted to gamble so badly and was so sure he could double the money, why not split the money into two parts, one part greater in ratio than the other and use the lesser part to gamble seeing that he's already a problem gambler.

Because he chases his losses in hopes to recover the money first lost. But sadly the result is unfavorable, instead of regaining the lost amount he lost them all. This simply show how bad chasing losses is.

Quote from: Rruchi man on August 05, 2022, 01:14:48 AM

In my analysis he is first a silly individual, and allowing himself to be a problem gambler without accepting it and wanting to change has made him more sillier. I doubt he will be without a roof over his head, even if he has to squat with someone for a while or make some payment to retain his accomodation...but this experience I really hope will serve as a lesson to him to make better decisions next time. If he doesn't, he collapsed today maybe tomorrow if he continues, he may have a heart attack, slump and just die.

I bet the guy has developed a compulsive gambling disorder. It is also possible that it is not his first time doing such a thing and possibly he has lost the money allocated for payment before he asked for a loan from a loan shark. Then due to the uncontrollable urge, he gambled the loaned money and lost.

bittraffic

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Now he has to pay for the $400 loan and still has to pay his house rent. He must have had a gambling problem long before this loan. The temptation is just too much to ignore for him even if the money is meant for something else.

Maybe disbelief that he collapsed, it's a brain's defense mechanism. Will the loan shark men ever give him a grace period?

famososMuertos

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Losers will always exist, each and every one of us goes through bad times... just don't take unnecessary risks and if you do, have a plan on how to get out of them.

Things can always go wrong even to the most cautious person.

If you are afraid of losing $100, do not bet it, if $10 also affects you in the loss, do not bet it if you think that $0.01 is a bet that does not affect you, then it is the one that you should be most careful, since 100 bets are $10 and 1000 bets are $100 remember that those amounts affected you... so happiness is not betting, what we believe does not affect us is knowing how much we can lose and that it does not affect us emotionally.

harizen

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Already happened and no choice but to move on. I'm sure that man has a stable job as he becomes eligible for the loan. What he needs to do now is to bear the situation and looked for an additional source of income to pay the loan even bit by bit. He took the risks, then pay for it.

I'm sure that man already knows that he might end up screwed but still he pushes for his desire to double the loan money. After that incident, I hope that man learned his lesson. Still lucky that he has a stable job as there's still a way for him to make money.

Good luck to that man and I hope he can get out of that problem.

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Quote from: Cryptomultiplier on August 06, 2022, 04:32:10 PM

This is hilarious I must say. It only adds to the punch card of the ills of gambling addiction. You cannot eat your cake and have it o. Greed and impatience makes gambling or any other form of hustle unhealthy. A word they say, is enough for the wise.

I don't say it as greed. This is his situation, a friend of him profited and he believes it can happen to him. Also, he's in need of money. He had the amount to spend on rent, he could've thought of having the same amount after rent could ease his life for a month. This is common man's mind and if he had enough money he couldn't have gambled. So, it is all about his situation that collapsed him than the greed.

BitcoinAccepted

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I read that this concerns an amount of 400 GBP. That's not an astronomical amount at all, is it? If you have borrowed $100,000 somewhere to gamble then it is of course a completely different story, but in this case the damage is still easy to oversee? Maybe it was some sort of startle response. Many people know that they should only gamble with the money they can spare, but then people take out loans in the hope that they can earn much more money (by doubling their loan in the casino) and then they have a nice picture for eyes. Often, however, it is and then the problems are almost incalculable.

Cryptomultiplier

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This is hilarious I must say. It only adds to the punch card of the ills of gambling addiction. You cannot eat your cake and have it o. Greed and impatience makes gambling or any other form of hustle unhealthy. A word they say, is enough for the wise.

Joca97

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This is why we gamblers have a saying gamble with the money you can afford to lose. The moment you start betting with someone elses money is the moment you have an actual gambling problem. This is when you have to get special help. This guy isnt the first guy to borrow money and not the last one aswell.

abel1337

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There are many stories like these in TV shows and other entertainment plots but this scenario can possibly happen in real life. This kind of people are just blinded by the profit return they can bring once they win and mostly the one who is new to gambling are the one experiencing it given that they don't know how to manage the risk and don't know the possible outcome of the decision they have made. Obviously the man did a newbie mistake of getting loans to gamble, As we know it's a very wrong move. Sometimes it's not about the greed, It's about the desperation of getting extra money for something.

DoublerHunter

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Quote from: khaled0111 on August 06, 2022, 02:30:35 PM

Quote from: Marykeller on August 05, 2022, 08:12:25 AM

When I first saw the news on online news platforms, I was laughing out loud at his insanity. I wonder what makes people think that they can make good abundance out of online betting...

Bet9ja has done so much harm to our youths. It's disheartened to see how millions of people partake in online betting with their last dime.

Personally, I feel sorry for him. He made a mistake by gambling with money he borrowed (money he can't afford to lose). Obviously he either has gambling problems or was totally desperate and had no other way to earn money. I can't laugh at someone else's misfortune although we all know what he did was stupid.
And I don't think Bet9ja or any other casino is to blame here. They are a for-profit business and they make profit from the losses of their customers.

^ It is definitely right, it is not good to blame gambling casinos just because of your stupidity, your bad decision, or your uncontrol of yourself.
Borrowing money to gamble is not a good choice in the first place, it seems you are risking your money, and being despite to double it is not a good solution. I can't even laugh a people who experience this, they probably need advice so they can decide a good decision in the end.
However, we hope that this man has learned from what he has done. There is nothing he can do just to pay his debt and moderate in gambling when you have a money that you can afford.

goaldigger

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Quote from: AicecreaME on August 06, 2022, 12:25:12 PM

Gambling in general is not really a wise choice of risking your chances of getting your life in the rubble, it's the other way around. Rather than doing a high risk high reward kind of move, I'd rather do a small business, at least I know that I have something that will eventually give me something in return. Also, never ever trust loan sharks, because you'll never get out of them unless you get lucky enough in betting.

Gambling is not for those who are living a pay check to pay check, of they have no extra money better not to gamble at all. If you are planning to have debt so you can gamble, don’t try this at all cost because you are going to lose everything and that is a big problem to you. What happened to guy is just a normal scenario in gambling, you will always lose their and luck might not be on your side. Debt is ok if you are going to use it on your business, but its too bad if you are just going to gamble.

Johnyz

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Greed will lead you into this kind of situation, I feel sorry for what happened to him but of course we should not tolerate this kind of action because having such debt just to gamble is not a good thing at all. Now, another problem for him especially on paying both of his problem, this is the result if you exaggerate gambling and think for an easy money. Gambling can’t give any guarantee about profit, don’t wait for this to happen to you as well, avoid having bad debts.

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Quote from: Marykeller on August 05, 2022, 08:12:25 AM

When I first saw the news on online news platforms, I was laughing out loud at his insanity. I wonder what makes people think that they can make good abundance out of online betting...

Bet9ja has done so much harm to our youths. It's disheartened to see how millions of people partake in online betting with their last dime.

Personally, I feel sorry for him. He made a mistake by gambling with money he borrowed (money he can't afford to lose). Obviously he either has gambling problems or was totally desperate and had no other way to earn money. I can't laugh at someone else's misfortune although we all know what he did was stupid.
And I don't think Bet9ja or any other casino is to blame here. They are a for-profit business and they make profit from the losses of their customers.

karabiber

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Absolutely i agree. You should never gamble with money you need. There may be times when you need money, but that shouldn't encourage you to gamble. I'm sorry for the man's condition. He lost the money he needed for shelter in gambling. The sad thing about gambling is that it turns everything upside down. But the truth is that people who are about to lose everything are prone to addiction. It is very difficult to discourage people in this situation from their decisions. I hope there are helpful people around and they can help pay the rent. Never gamble with the money you need, no matter what. Even if the result is certain.

Alisha-k

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Well too bad that he had to lose such an amount to betting. Not only is he homeless, he is also in debt. Gambling is not something you apply faith in, using your "last card" to do bet and believe that lady luck will be on your side
Gambling in general is a risk. And except you've got a good hand at winning, it's not advisable to indulge in it. And not to talk of using money reserved for something else to gamble? That's a real big risk.

AicecreaME

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Gambling in general is not really a wise choice of risking your chances of getting your life in the rubble, it's the other way around. Rather than doing a high risk high reward kind of move, I'd rather do a small business, at least I know that I have something that will eventually give me something in return. Also, never ever trust loan sharks, because you'll never get out of them unless you get lucky enough in betting.

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Quote from: uneng on August 05, 2022, 01:12:58 PM

Quote from: goinmerry on August 05, 2022, 11:17:47 AM

He is still lucky for me that he only loses $400. At least, he can negotiate it properly with the lender and do some new agreement on how to pay it if the man claims that he will struggle to pay for that. The first thing to do is to do that action before the due date so the lender will be notified about the problem.

The man just needs to work hard to earn the money until reaching $400. He should pay the price that's why no room for any complaints.

He should feel lucky that it's only $400 and not more than that. It's a nightmare if the amount loss is really big.

Next time, don't gamble when there's no backup and established plan in case of losing the money.

That really doesn't look the end of the world for him. Even though the man lives in a poor country where dollar values a lot and local fiat currency is worthless, 400$ is still recoverable through another methods relatively fast. The man just needs to forget gambling for now and concentrate his efforts in working and asking people around for temporary support until he can pay for a new house.

Maybe his appearance on the local news will lead people to recognize and offer earning and living opportunities to him.

If this person lives in a poor developing country, then, unfortunately, his compatriots, most likely, will not be able to help him.

These countries tend to have very high levels of unemployment and poverty. In such countries, there are few opportunities to provide a decent life. And if you do not have opportunities and resources, then you cannot share them with others.

Trying to double $400 through gambling is probably out of desperation and hopelessness. This person had no other options to improve his financial situation. Very sorry for this person.

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Quote from: Davidvictorson on August 05, 2022, 12:24:13 AM

This money was borrowed from loan shark operators for pay for his house rent however. The man thought that he may be able to double it he took it to a betting shop. Sadly, he lost all the money to a virtual game.

He knows the risk and I think what he is right now is really what he earned, he shouldn't have taken that road if he can't be responsible for it. This isn't new and we just keep hearing similar issues even before, it's more like a disease we can't even afford to cure.

Topic: Man Collapses after Allegedly Losing a $400 Loan at a Betting Shop (Read 545 times)