Topic: Never borrow money to be able to gamble - page 23. (Read 2701 times)
Winning a game while gambling is never a 100% assurance, and as such the worst thing any individual could do is borrow money just to gamble, as it could lead to financial ruin and depth if the outcome doesn't go as predicted. Hence, Gambling should always be approached within one's financial means and caution, so as to avoid great consequences such as an addiction, bankruptcy and stress. Because primarily, one big mistake most gamblers make is seeing gambling as a main source of income, rather than an avenue for entertainment purposes, which is why instead of some people go learning a skill so that they could be meaningful to the society, go take a loan, which most times end them in a miserable life. So in conclusion, borrowing money to gamble is never the best practice.
1. That's given, we can always lose. In fact, the chances of losing are higher than it is with winning because of the house edge.
2. Well, still we want to win, so while being entertained we must also analyze the game to the extent that we have given everything to increase the winning chance. Not just blindly betting.
3. I guess that has been said many times. Just spend the amount you won't regret to lose.
4. Chasing losses is part of the game but not to the extent that we are spending money that ain't supposed to be for gambling anymore. i.e. bills, mortgage, loans.
5. Responsible gambling means you can pause anytime you want and do your job first.
6. Same answer with number 5.
7. Budget is important. The only amount that you will gamble. Once it's done, take a rest and just try to move on.
2. Well, still we want to win, so while being entertained we must also analyze the game to the extent that we have given everything to increase the winning chance. Not just blindly betting.
3. I guess that has been said many times. Just spend the amount you won't regret to lose.
4. Chasing losses is part of the game but not to the extent that we are spending money that ain't supposed to be for gambling anymore. i.e. bills, mortgage, loans.
5. Responsible gambling means you can pause anytime you want and do your job first.
6. Same answer with number 5.
7. Budget is important. The only amount that you will gamble. Once it's done, take a rest and just try to move on.
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.
Addicted gamblers know these things but still want to just go ahead and borrow money to gamble because some are unable to control themselves, and whenever the urge for gambling comes, they do not mind how they get the money to gamble; they just want the money to gamble.Do not lend money to your friends who you know want to borrow money to gamble with; if you do so, you are promoting the bad habit that they are forming.
This may only apply to some beginners who have not been exposed to the addiction caused by gambling, because in health their minds may still be healthy and not so focused on gambling so that prevention can be done, while addicts how can they remember this. LOL
If you see gambling as a business opportunity, why not? Sometimes I do borrow money when I see a game that I believe I could won, but I always limit on how much I would only borrow, and I have to make sure that I'll be able to pay it from my income just incase my bet would be wrong.
This may look like an irresponsible action, but like I mentioned, when i see it as an opportunity, I don't hesitate borrowing, and I think there's nothing wrong with that as long as you know how to pay your debt.
This may look like an irresponsible action, but like I mentioned, when i see it as an opportunity, I don't hesitate borrowing, and I think there's nothing wrong with that as long as you know how to pay your debt.
If You're taking a loan to gamble this is one of the signs that you are an irresponsible gambler, the rule and the guide that every gambler should follow is to gamble only with money that you can afford to lose and loans are money that you cannot afford to lose.
Those who gamble with money that comes from loans are pressured to win I onced gamble with money that comes from the loan and my mindset back then is to try at everymeans to double the money so I can pay the loan and have something left for me to play, so if you don't want people to mark you as addicted to gambling don't play with money that comes from loan you will surely regret it.
Those who gamble with money that comes from loans are pressured to win I onced gamble with money that comes from the loan and my mindset back then is to try at everymeans to double the money so I can pay the loan and have something left for me to play, so if you don't want people to mark you as addicted to gambling don't play with money that comes from loan you will surely regret it.
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.
Anyone who borrows to gamble has passed the red line. Such a person needs to check into a gambling disorder rehabilitation centre for immediate medical attention. It is even risky to gamble with money you have budgeted for your basic needs talkless of borrowing money to gamble. I have had news of people taking loans to gamble because they are sure that they will win. Someone has even told me once to borrow money to place a bet he is offering because he is sure that it will play. However I have observed that there is no certainty when it comes to gambling. Even games from so-called insiders can disappoint. It is better to gamble with only money you can afford to lose or that will not affect your budget.
We should remember that gambling should always be approached with common sense and responsibility to ensure it remains a form of entertainment.
Borrowing money, especially if it will only be used for gambling, will not lead to anything good. It will only become problematic and often leads to debt and financial hardship. Therefore, borrowing money to gamble is a big no-no! If you have borrowed money to gamble, please take this as a sign to stop.
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.Borrowing money, especially if it will only be used for gambling, will not lead to anything good. It will only become problematic and often leads to debt and financial hardship. Therefore, borrowing money to gamble is a big no-no! If you have borrowed money to gamble, please take this as a sign to stop.
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.
We should remember that gambling should always be approached with common sense and responsibility to ensure it remains a form of entertainment.
Borrowing money, especially if it will only be used for gambling, will not lead to anything good. It will only become problematic and often leads to debt and financial hardship. Therefore, borrowing money to gamble is a big no-no! If you have borrowed money to gamble, please take this as a sign to stop.
Borrowing money, especially if it will only be used for gambling, will not lead to anything good. It will only become problematic and often leads to debt and financial hardship. Therefore, borrowing money to gamble is a big no-no! If you have borrowed money to gamble, please take this as a sign to stop.
This topic is very interesting and it's like a knowledge transmitter because many people may think that there is no facts in this statement that you should never borrow money and the Gamble because it has a side effect there is every possibility that after being borrowed money to gamble you will not make it and the person that you borrowed the money will be disturbing you to pay back the money that you borrowed from him or her so it is good for you're hard on money to gamble instead borrowing.
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.
(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.
One of the most important things that I put in my rules is to never gamble with the money you owe, because I believe that if you use the money you owe to other people, it will not bring you luck and this will be the cause of your sinking and defeat. It is also not good to see if you borrow money just for gambling because we are not sure if we will win or not, It would be good if it is used in business, there is still a good chance to turn around and grow the money you borrowed.
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.
(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.
I think that gambling should be considered a high risk game.In a high risk game everything can happen and playing a high risk game with someone else money is the worse mistake someone can do.In gambling we have also witnessed that people who usually play with borrowed money end really bad as they lose it all in the majority of the cases.Therefore I consider gambling a high risk game and I have a certain amount that I can throw to this game and not care much if I lose it or not.I immediately quit after losing such amount and come back to gambling after some days as a bare minimum.People with experience know this and act like me,people with less experience they are driven and rushed by emotions which are the ones who borrow money and lose it all,after this their life starts going south.
These are excellent tips that can be shared by all bettors.
Probably anyone on this hobby know very well these argument and know very well why its important follow strictly these rules.
Newbie in this field must always remember that gambling is not easy.
Or rather it is not easy to win no matter how easy it can be or how % are in favor.
That's why there are companies earning billions from that.
Probably anyone on this hobby know very well these argument and know very well why its important follow strictly these rules.
Newbie in this field must always remember that gambling is not easy.
Or rather it is not easy to win no matter how easy it can be or how % are in favor.
That's why there are companies earning billions from that.
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.
(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.
I think that gambling should be considered a high risk game.In a high risk game everything can happen and playing a high risk game with someone else money is the worse mistake someone can do.In gambling we have also witnessed that people who usually play with borrowed money end really bad as they lose it all in the majority of the cases.Therefore I consider gambling a high risk game and I have a certain amount that I can throw to this game and not care much if I lose it or not.I immediately quit after losing such amount and come back to gambling after some days as a bare minimum.People with experience know this and act like me,people with less experience they are driven and rushed by emotions which are the ones who borrow money and lose it all,after this their life starts going south.
There are two kinds of people who are likely to borrow money to gamble, those who are absolute newcomers who think they can get one over on the casino and who see the big odds as a "sure" thing, hoping to maybe double, triple or get even more back for their borrowed money.
Newcomers should not borrow money to gamble. Since they are new in gambling so they are likely to lose in gambling. If they borrow money and gamble with a big amount, this means more risk and if they loss, they will have to pay back the person from whom they have taken the loan. Newcomers should be more conscious and invest little money in gambling and that money must be their own. They can save some money for gambling and try their luck with it.
Then there are the people who are already in a downward spiral and have probably spent a lot more before getting to the point of taking out a loan. You can probably save the first type from making this mistake, but the second type are already deep within tunnel vision. They are fixated that they can earn back all the money they've lost and their "strategy" is to then go negative in their personal finances. The only way they will stop is when hitting rock bottom.
When those losers, will get loan to recover the loses, then how can they win when they have lost initially? The luck doesn't changes by taking loans and this revenge gambling will result in more losses than wins. When a person puts any money into gambling, he should make up his mind that in case of loss, he will not regret it and will not attempt to recover it. This is one important good practice which all gamblers should follow.
Very well but my question is if everyone here advices each other not to be a gambling addict then who are those gamblers that doesn't obey all this rules here in the forum and outside because basically if you ask any gambler he will tell you all the rules that guides gambling but yet they gamble out of control.
Anyways, to those who gamble alot there is only one unconscious act that pops up in the process but remains unnoticed till it begins to consume you and that is chasing losses or gambling to get back your loses as OP puts it but at the very beginning of you gambling as soon as you loss don't go back on the same strategy thinking you made one little mistake that would have resulted to your loses but gamble with the conviction that you're getting entertained.
Anyways, to those who gamble alot there is only one unconscious act that pops up in the process but remains unnoticed till it begins to consume you and that is chasing losses or gambling to get back your loses as OP puts it but at the very beginning of you gambling as soon as you loss don't go back on the same strategy thinking you made one little mistake that would have resulted to your loses but gamble with the conviction that you're getting entertained.
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.
(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.
There are two kinds of people who are likely to borrow money to gamble, those who are absolute newcomers who think they can get one over on the casino and who see the big odds as a "sure" thing, hoping to maybe double, triple or get even more back for their borrowed money. Then there are the people who are already in a downward spiral and have probably spent a lot more before getting to the point of taking out a loan. You can probably save the first type from making this mistake, but the second type are already deep within tunnel vision. They are fixated that they can earn back all the money they've lost and their "strategy" is to then go negative in their personal finances. The only way they will stop is when hitting rock bottom.
I see gambling as one of the numerous ways through which one can have fun and get entertained. And are such we must have a goal in our mind when we are coming which should be guided by discipline so that we don't get carried away and gamble irresponsibly. There is no one that has been 100% winner in casino games or even sports betting. As a matter of fact if you win 100% of the time your account is going to be flagged by the casino. Also having a budget is going to prevent the gambler from spending more money than when he doesn't have a budget.
How many more threads about this before people have to learn, I'm pretty sure that this should be a thing that you should avoid, I mean anyone with a lick of common sense would know that this is the wrong thing to do when you're gambling even if you're not gambling, loans aren't something that you should care to get into because you will know that it's not going to be in your best interest that you have a loan lying around, that's an indicator that you're living outside of your means which means that you probably need some kind of reality check and that you're going to be needing some financial planning regarding how you spend your money, loans aren't a thing that a common man should get into, unless you are making money out of those loans at an exponential level, you're probably better off living frugally and within your means, it takes discipline but better off having tons of debts because of your gambling habit that doesn't get you anywhere.
Simple truths that are familiar to everyone. But gamblers know this from the very beginning, and they don’t hear these rules; they are deaf to them. When a person comes to a casino, he is going to win, and this is a normal feeling, but when something goes wrong, this is where we show our “I.”. Some people simply leave, accepting the loss, while others go ahead, waiting for the return of what they lost.
I would add to the OP's post: don't lose your mind when playing; otherwise, the game will shake you out of everything you have, and you can become addicted, which will also be very expensive to recover from.
I would add to the OP's post: don't lose your mind when playing; otherwise, the game will shake you out of everything you have, and you can become addicted, which will also be very expensive to recover from.
~
Isn't that common sense? Heck in the first place borrowing money for anything is generally bad or wrong. Emergencies should have emergency funds as much as possible, only if you can't afford it anymore should you ask for loans. Outside of that, it really isn't anything worth it. Only at a certain amount of wealth would it ever make any sense to get any types of loans, especially since afaik it's also a method for most rich people to avoid taxes. And that's the case with emergencies, what more with gambling which is just a form of entertainment lol.
Jump to: