Topic: Never borrow money to be able to gamble - page 19. (Read 2685 times)

All the 7 rules you have listed above s Is actually true and nothing but the truth,  but we all have to face the reality that despite all the rules people must fall victim of it. I have seen several people who have tried there best to make sure they stop this habit but all to no avail. In the case of borrowing money for gambling, I haven't don such before and will never borrow money for gambling. That is a short cuts leading to loan addiction for gambling.there is no point taken loan for gambling because if eventually any body follow the part it will definitely Leed to owing of dept everywhere and also getting addicted.

This could be the case, if a gambler has experienced severe depression as a result of frequently losing bets so that the money he has has run out and there is nothing left, then the gambler will think and immediately take action, it is better to borrow money from other people so that he can carry out his gambling activities and he didn't think with common sense first that the step he took was a big mistake for his future life.
Instead of feeling happy, he will soon experience regret, sadness and adversity.

Yes, this is based on losing control of their emotional feelings as you said above and in my opinion, this kind of experience will be experienced by gamblers who are seriously addicted, because this type of gambler is not able to control themselves well, which includes their mindset. They only think about how they can continue gambling.

Indeed, with those gamblers who feel frustrated, of course they will take big risky actions, such as continuing to gamble or even risking the last money they have, hoping that a miracle can happen with the gambling they do so that they can get a big win that can cover all the losses that have occurred, but unfortunately it's not as easy as you think. Even though they gamble with the aim of recovering losses, of course this does not guarantee that they will win, and another risky action is borrowing money to gamble, but such an action is certainly not right, because it will only make things more difficult.
Of course, everyone is not happy about losing money, but we have to be able to see what causes our money to be lost, with gambling it is something that can definitely make us lose money, so it is not strange to lose or lose money by gambling. Moreover, if you gamble with an uncontrolled emotional state, then big losses or losing more money is something that is certain to happen.

The frustration that ultimately makes you decide to borrow money is that no one forbids it, but if the money obtained from the loan is used for gambling, I don't think that's appropriate. After all, gambling places do not provide a guarantee of always making a profit. It is better to use the capital obtained from the loan to work on opening a small business that might provide a profit and help the economy improve.

That is the importance of controlling your emotions well and never taking rash actions. Remain calm and carefully consider the risks that will come in the future.

Not just a mistake but a wrongdoing. Someone who is in the right mind as a gambler won't have to do this but there are gamblers who are desperate that want to do something for themselves and yet, they still do it.

It all comes with a frustration and desperation. Hard to accept that they've made certain loss that they can't recover with their current state but because they want to do it asap, borrowing money is their choice.

From there, it's not a good response and action if you have to deal with failures and frustrations. As a gambler, we're very emotional and since it's attached with money, you'll be dealt into incurring more losses and financial loss upon losing control emotionally.

In my opinion, borrowing money to gamble is a mistake because we already know that gambling has high risks, especially since it has something to do with borrowing money to gamble, this will really add new problems to our lives. It's better to think carefully about it if you've never done it before, but for gamblers who are too late to do something like that, perhaps they have completely lost control and a clear mind because of the urge of greed and addiction that is inherent in them. Indeed, if a gambler is trapped in these two bad behaviors then all his actions will be unnatural and the results will actually be different from what he wants in gambling.
Therefore, as gamblers we must always be alert and wise in every decision we make with the aim of not making things worse in our own lives.

Yes, everyone has a different opinion on this matter. Some people can take a big risk, but they will not put any money they loan into an investment that is not very assuring to them. Some people are better off taking a loan and using it for a big project that they have been assured will make a profit or not. I see that as a better risk than using the loan money to gamble. We all have our individual differences, and there's no way our opinions can be the same. Like you said, a gambler should take the loan at their own risk. I also advise that a gambler should only take the loan if they have a plan B from which they can repay their loan. If a gambler loses loan money through gambling and they don't have any means to repay, desperation and depression come in. If the person is not careful, they can end up with more debt. 

Only two gambling, loses or win. Recognizing this means we are a healthy gambler.

Determination of the limits of money in gambling carried out is an action that is necessary for every gambler. Always remember that every victory there will be a defeat that makes money disappear.

When it is in the winning situation, remember in front there will be a defeat that is ready to take back the victory that has been obtained. Likewise, when in a losing situation, remember that if it is continued to expect the money that is lost then it will not happen because your luck is not in favor of you.

That's it. Complete work first and the remaining time to gamble so that it does not interfere with work.

Repetition from point 5. Gambling is only to test luck and for pleasure.

It's risky, but it's not entirely wrong. For the majority, it might be, but we have different opinions on this matter as we handle risk differently. Some, like me, might be high-risk takers, so I'm fine with borrowing money to gamble. I respect your opinion, though. You're just trying to prevent bad things from happening, as there are gamblers who, when they lose control, want to recover their losses by borrowing money. There's a high chance they'll lose again, creating another problem.

Let's just say, borrow at your own risk.

That can gives him a trouble that he never realize. Playing gambling with borrowing money can helps him to wins the gambling games but can gives him a big risk if he lose that money. When someone use his own money, he will not have a big chance to win, especially if he borrow money from others. Losing money in gambling is certain but wins is uncertain so someone must not thinks that he can win easily. When they lose the money they borrowed, their problem becomes bigger which they must repay the money and if he doesn't have money, that problem will be bigger than he thought. If we don't wants to get a problem, we don't have to borrow money just to playing gambling.

Not only stupidity, borrowing money to gamble has the potential to bring the gambler into misery in his life. And the gamblers who take out loans to gamble, I think these gamblers are very addicted. Because it is very likely that the gambler's property has been sold out for gambling and besides that there is no one close to him who gives him money to gamble, borrowing it is the final solution. And once things become bleak and hopeless, there is a possibility that the gambler will resort to crime just to get money that is not rightfully theirs. And gamblers like this must be treated immediately before it gets worse which will cause him to suffer from various kinds of problems.

So because a few gamblers that you know have confirmed to get lucky after playing with loaned money, that is why you are suggesting that it may be cool to actually take a loan and gamble? Well, in my opinion, there is nothing so interesting about taking a loan to gamble; the same luck you get when you stake with your money is also the luck you will be entitled to if you perhaps used the loan money to gamble. Taking a loan to gamble is totally wrong; that's not a good way of being in debt. At least if someone is getting credit, it should be used for other important stuff that is more assured. 

Well there are some things that just can't be and one of them is everyone having the knowledge to prevent things that will cause harm for them. Nature has designed humans to actually commit mistake and make errors and I feel the ferocious way people gamble is one of those defects in our system, the funny thing about this is that sometimes we go in knowing fully well that we can be affected but still the zeal to continue with still drive on because of the supposed huge profits that keep playing on our minds.

Any gambler who thinks there is possiblity to make or get some quick returns from funds he borrowed then he alone can know how tell how hard or easy it is because some gamblers I know of actually claim they do get profits whenever they are desperately in need by using some persons funds to gamble, I could say it's just like trading with big company funds.

Stupidity is when someone borrows money only to gamble it back to double it and think that they can get rich from it. Because gambling carries the risk that at any time the gambler's money can be lost if they experience bad luck or the wrong strategy in their gambling - and what's more, there is a house edge which makes the casino more profitable. When gamblers lose and lose the money they borrowed, they not only lose the gambling, but they also need to pay the debt, which they lose twice. That's why borrowing money to gamble is stupid and it is not recommended for those who don't want to deal with debt collectors.

It's not only in gambling, but people must never borrow money for anything except emergency needs! e.g. school, tuition fees, health etc.

If they borrow to invest in Bitcoin, it's a bad idea even though we know Bitcoin price will increase after few years. If they borrow to start or expand a business, it's still a bad idea since no one know how long your business can survive and business not always profitable every year.

Putting aside something that can actually never be separated from gambling is an unreasonable mindset and must be avoided, because after all, defeat will always be a part of gambling, even if for example you have the ability to pay off the debt but still borrow money. to gamble is an idea that eventually gets you into the habit of doing the same thing when you don't have money and most likely this idea will ultimately only lead them to new problems such as being in debt.

On the other hand, you have stated the reasons why the mindset of borrowing money to gamble is unreasonable, as you said, it is simply like we have to pay debts to other people for the loans we have taken but we really don't know whether we will win. or lose in a gambling session using that money, and if you look at the actions like this then yes maybe I will agree with your opinion that this is a mindset or idea that a gambler has which in the end will only lead themselves to addicted. However, gambling is not a priority, therefore it is always recommended to only bet small amounts and also as you said, if for example we don't have money then it is better not to gamble.

Sometimes they really think that those problems what encounter by other people is due to their lack of proper decision making that's why these careless people continue to take a loan for thinking that they can recover the amount if they win and pay their debts immediately. For sure we here a lot of stories like this and usually it falls out short for them and they lose everything that's why we see them fall down and hard to recover since there's something that needed to pay and they don't have money anymore to compensate everything so they really in bad position for such bad actions they do.

Its not bad to remind people to on the risk of doing such action but if they insist to listen I don't force them to believe me but rather let them experience the worse since they can learn a lot from the mistakes they do and that is expensive learning experience for them.

The impact of problems from gambling can be more than just losing money, other problems from gambling can be progressive and gambling addicts can fall into criminal activity to seek funds so that their gambling desires can be fulfilled. Efforts to chase losses can have a negative impact on finances, money that should be used for other needs can be used for gambling, including savings and reserve money.
Using money from loans to gamble is not recommended, you have to think of other ways to gamble. Even if you win when using borrowed money, there is no guarantee that you will be able to repay the loan because you will not be able to stop gambling because the temptation to repeat the sensation of winning is very high. Greed is also another factor that can cause you to lose everything in a short time due to the desire to get something greater than what you have already obtained.

Well, thanks for bringing up such a good advice to the gambling community here on bitcointalk, this is something that we have discussed on this board several times in the past, but like I will always say, good things that will helps gamblers to practise healthy gambling should never stop being talked or dicussed about, as the more we talk or discuss about that, the more it's stays fresh in the minds of gamblers, guiding them to not go astray in their gambling decisions.

Overall, it's absolute foolishness for anyone to go borrowing money for the sole purpose of gambling, knowing fully well that there are no sure winnings, or sure ways for one to get a guaranteed winnings from gambling, I personally does not, and will not pity anyone who borrowed to gamble and eventually lost the money.
In 2019, my neighbor in the place where I previously lived was arrested by the police becuase he borrowed money from one organization for busienss purposes, but unfortunately, he only added a little amount from the money into the business, and spent the most part of the money on betting on sports and playing lotto, which he won none but lost the whole money, as a result, he was arrested, charged and thrown into prison for six months, and the organization he borrowed the money from got a court order to sell all his sellable properties to recover their money, the organization sold everything he had, including closing down the business and auctioning off all his goods, he came out of prison broke, homeless, jobless his family already relocated to the village, he joined them in their village and I never heard from him again till date.

This is one of the many sad tales of people who borrow money and used the money to do gambling.

It's a wrong choice to pick gambling over our working activities. I've faced such challenges in the past, after gambling, during work I get tired. Such things made me to stop gambling much during the weeks, so as to focus on my working ethics. The misconception from many players is that gambling, to them, seem to offer more money than their work. These circulating false thoughts amongst many players have pushed lots of players to lose out focus on their work. Gambling is exhausting, not just on money, but energy.

The strength that would have been used to work efficiently in the working place then diminishes drastically. Thereby affecting the employee's quality of work. It could reduce his credibility in the office. On the other hand, taking loans to gamble is a wild behavior and a gambler shouldn't pick up this means of gambling. As it could lead to a painful life situation. Who will pay off the debt if the gambler doesn't win? His family of course. That's a form of building tiresome troubles for the family. And diminishing their finances in large scale, could cause the people involved, some anxiety. Taking loans to gamble also is addicting. I think it's super good to be contended with what we own as gamblers. No need going over our financial threshold.