Topic: Never borrow money to be able to gamble - page 21. (Read 2685 times)

It is never been a good idea nor advisable to take a loan to supply your gambling activities, especially if you have no back-up resources to fall back into. I can understand for some gamblers here who are taking the route of loaning some money to gamble, because they know they can respect their financial arrangements.

But for some, who have no financial capability other than the supposedly loaned amount, better not stake it in gambling. Just use it to worthwhile aspect of your life.

(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

For too many reasons it is foolish to borrow money to gamble. I don’t like borrow money and even when I do, I can’t risk it because you may try to be smart to double it and you end up giving the money to the casino like it’s charity and you will still have to pay up for money you never used to achieve anything meaningful. Gambling should be done out of your pocket and an amount you can afford to lose.

That's not just all about gambling addiction but also being them as a person. There are different personalities for each of us and the way we tackle with gambling. If someone can't afford to gamble, you better stop it and be content with what you have. Stick to your budget plans when you gamble and don't be too hectic to yourself because you're only giving a problem to yourself.

Those that have been gambling all day long but they can't stand with that because they think that they'd either take a loan to anyone they know or the bank or will sell stuff, they're on a different level of gambling addiction.

Never gamble when you're going to take a loan and that will be used as your bankroll. It's never been a good idea to do that and from that kind of approach, it only tells you what kind of person and gambler you are.

As a responsible gambler the thought of taking a loan to fund your staking during Gambling activities is something that should be off consideration. Gambling is not an investment that you can pump money into keep high hopes that profit will come. No matter how nice and fancy gambling odds can appear loans should be off limits. If you should even think about it properly, it is economically wrong to take debts for the purpose of fun.
And since gambling is a fun activity then you obviously as a responsible gambler shouldn't borrow to place bets. The earlier a gambler is able to understand these basic rules the better his gambling habits.

First remember that you have to play with common sense and responsibility, to make sure that the game is always an entertainment. Knowing this won't make you go to the extreme of borrowing money to gamble. And you have to know the golden rules of gambling. Which are!

(1) DON'T FORGET IF YOU PLAY YOU CAN ALSO LOSE

(2)FOR YOU, GAMING MUST ONLY BE A HEALTHY FOR ENTERTAINMENT.

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

(4) DO NOT GAMBLE TO WIN BACK MONEY THAT YOU HAVE ALREADY LOST BY GAMBLING.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all.  I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?
(1) CONSIDERATION
(2) ANY AMOUNT WAGERED.
(3) RISK (4) CHANCE AND A PRICE.

With you knowing this elements, you won't bother to go to the extreme of borrowing money to gamble. So have you borrowed money to gamble? If you do please take notes of this and stop it.

(3) DON'T SPEND MORE MONEY THAN YOU CAN AFFORD

(7) SET YOURSELF A BUDGET AND DON'T EXCEED IT.

(5) DON'T LET GAMBLING INTERFERE WITH YOUR WORK OR WITH YOUR DAILY RESPONSIBILITIES.

(6) REMEMBER THAT GAMBLING IS NOT THE IMPORTANT THING IN YOUR LIFE. DON'T LET GAMBLING AFFECT YOUR FAMILY LIFE OR YOUR RESPONSIBILITY.

@Frankolala, do you know thqt the biggest win I have recorded so far since I started gambling came from a borrowed money and am not an addict? I got an information about a particular game, not having money I had to borrow from a friend of mine who agreed to borrow me because I promised to pay back when I received my salary but at the end of the day I recorded a huge win.

I am a responsible gambler regardless of the fact that I took loan to gamble so we shouldn't see people who have taken loan to gamble as addicts, if you are a good gambler, I think you will understand that there some informations you get in gambling especially soccer that will make you to take loans to bet even when you are not an addict. I clearly understand the rules of gambling which is gambling responsibly but it is not stated in any gambling platform that someone who takes loan to gamble is irresponsible you can prove me wrong.

Why I brought this topic it's because so many people are still paying debt, why? Because they went ahead of borrowing money just to gamble and by the end of the day, they lose it all. 

I know of a friend who is still battling to pay of his debt while he used the money on gambling. Is it proper no. What are the main points of gambling?

It will not help you with your goal of earning money because you just borrowed money means "debt" and it will lead you to debt accumulation, if you lose the borrowed money, you will still need to repay that.
That's why I am really against the people who will rely on gambling to solve their current financial problems, it's not helping overall.

Whoever borrows money to gamble is an addict and that is why he went that far to satisfy his gambling urge that makes him to think that he can win back his losses. If not I don't see why any responsible gambler will go and borrow to gamble when he knows that gambling is not important and he will lose the money.

All you stated out OP is the fact and whoever wants to live a healthy gambling life should be able to understand those facts and gamble responsible by sticking to the rules of responsible gambler. I was once addicted and I understand how it is for someone to be in addiction but look at me now, a responsible gambler.

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Borrowing money to gamble is of course a ridiculous mindset and will harm yourself, gambling is not an activity that should be prioritized, not least because there is always no certainty for anyone to win while on the other hand the possibility of risk will always lurk you, and this is why we are always advised not to treat gambling in an excessive manner.

But when you have money to gamble, it will make you comfortable in your gambling to win because you will settle down to play the game that will make you win big or small in the gambling.

I don't necessarily agree that borrowing is bad as long as you have the means to pay the money back. It all depends on the situation and amount, some circumstances may not be favorable to the lender but they make that decision when asked for money.

Borrowing money to gamble is of course a ridiculous mindset and will harm yourself, gambling is not an activity that should be prioritized, not least because there is always no certainty for anyone to win while on the other hand the possibility of risk will always lurk you, and this is why we are always advised not to treat gambling in an excessive manner.