Topic: Outcomes of insighting gambling for a source of income. - page 3. (Read 799 times)

Gambling surely destroys his thinking already, I mean after losing a business he's already thinking of gambling and thinking that he might win just to expand his business without even thinking about the risk of it.

Its surely not that easy to recover from the loss of a business for sure it was a decent amount of money that is lost just because of gambling, he just got the wrong mindset thinking of a possible shortcut on how he could earn a huge amount of money in just a short amount of time which is risky and wrong when starting a business, yet alone involving gambling on starting a business that doesnt really going to make any sense. You could totally start a good business with 1000$ but it just gonna take a lot of effort as long as you are not lazy and doing the work there is a very low chance that your business is gonna fail for sure, but this guy is already thinking of gambling that just means that is wanted to take a shortcut and risk everything again, it just not going to work.

Hopes and anticipations and being too positive or optimistic about becoming rich or could solve out money problems via gambling is something that really fuels someones hopes that they would really be able to make money with it or possibly be able to make winnings and when reality slap out into their faces then this is where things becomes messy and this is something that we should really be
realizing on the first hand. When you do have that kind of source of income intent then you would really be ending up yourself that kind of huge problem because despite of the extreme loses
do you have, you would really be still that making yourself do play further more until they would be busting up.

Hope is one of the selling points of gambling, even if it is just false hope. So that gamblers don't give up even though they lose many times, gamblers will think "who knows maybe today I'm lucky" "who knows maybe I'll get the jackpot".

When they lose again, they will regret it and think they will not gamble again because they have already spent a lot of money. But if they have more money "let's try again, it's impossible to keep losing, this time we will definitely win". If they get a small win then they will continue gambling until they lose again, this cycle will continue over and over again.

hahahah and what often makes me laugh is that their guarantee is their own hope so it's not from data or research that gamblers will get huge profits and can change their lives 180 degrees easily like turning their hands.
The false hopes that can make gamblers come back again and again to lose their money if what they are aiming for is victory, I can believe in a sentence, gambling is considered a place of entertainment by those who are rich, and is considered a place to earn income by those who are poor, so if there are people who really want make a money in gambling, it is certain that they are financially and knowledgeably poor.

The mistake is to think that gambling is a sure thing to pursue as a money maker. I don't know how much more money he has to sacrifice just to raise capital and then start a business in another field.
The most sensible solution is to find a number of investors to finance your friend's business, but there must be a portfolio of businesses that he has successfully run so that investors will be happy to help him.
Hopefully that way your friend can develop better, and the most important thing is to stop gambling using money and important assets.

Of course there is no gambling that can be used as a source of income and most people who gamble will get a lot of losses and if someone makes gambling as a business of course this is very ridiculous and no one will be able to make a profit from gambling on a regular basis and it is profitable for the gambler and also I have never found anyone who can be successful in the gambling they play.

When someone decides to start a business, of course they must have knowledge and expertise in the business they are going to build and with just $1000 in capital, I think they will be able to run the business they are going to build as long as they have a good grasp of the business they are going to build.

A person that does not make an effort to take control of their life, will see that control being snatched away by someone or something, like it is the case here.

Your friend is in big trouble, not only they were doing something they should not be doing, gambling away funds they borrowed to start a small business, they knew very well this was a bad thing to do and intentionally hid it from you and most likely other people that could have helped him to avoid making that mistake, which is a sign addiction has taken over and if drastic measures are not taken now, it could be very difficult for your friend to ever recover.

Gambling cannot be used as a source of income, let alone a business because in fact your friends are actually experiencing bigger losses, playing gambling is not worth making a business because the real business is the gambling owner who creates gambling because they get big profits, if he makes gambling games a business he will never be successful, only people with stupid minds really think they can be successful if they gamble, no one really knows luck and we have certainly heard of some people who are successful because they win large bets, but it must be remembered that people who are involved in the world of gambling There are very many and no more than 10 people are truly successful in their gambling out of the many people throughout the world.

To start a small business, $1000 is enough because starting a business doesn't require a large amount of capital right away because everyone's abilities are different, depending on what business you want to do, whether you want a culinary business or a basic ingredients business such as rice or oil, there are many type of business so adjust it to your abilities

That reminds me of an old story where an owner of a well-known business gambled the remaining portion of their funds in hopes of avoiding bankruptcy and it paid off once their bets ended up winning.

If it's an idea expected to fail, they most likely thought you'd try to stop them, and maybe that's why they kept it a secret. It might've been a different story if he won, but still relying on luck, specifically through gambling, always backfires.

.Well, true, this is common. Even if this story or statement is true, it is common that many gamblers risk their money to be used for other things and use it to gamble in the hope of earning or double it, but in reality, that's not always the case, so after the result of their gambling, they will either have regrets or they will be in joy because they got a win. If you ever treat or hope gambling as a source of income, then you are digging your own grave. Gambling will never ever be a source of income as it has the bigger chances of losing money. No, expect that you will lose more than you would win. Yes,  if you win or hit a jackpot, it could change your life, but the thing is that luck will never be given to those just hoping. Instead of investing or doing business, stop gambling if you are not responsible enough.

In some countries a thousand bucks could set you up with a small business, primarily in the micro-food industry. In the Philippines, you could get your own Siu Mai stall for cheaper than that, I wouldn't be surprised if some other third-world country out there could make bigger use of the 1000 bucks that they are talking about. Besides, OP's friend's is more likely a micro-entrepreneur. So thousand dollars to start up a business, not really that unbelievable.

What concerns me more than the capital they made up with is the fact that they are looking for it in one of the worst places you could look for money which is casinos. You're better off saving your money instead of wishing it would yield more in a short span of time, cause if you're looking for instant gratification all you're going to get is a zero balance at the end of the day and a diminished desire to keep up with the business you're trying to create and a greater desire to earn money the easy way, which would then snowball into something even more problematic, until you find yourself addicted to gambling without you even knowing it. 

Sucks total balls to be OP's friend but this is a crucial part of his journey that needs further help and assistance in my opinion. If he is able to assist his friend in getting out of this sticky situation, he may not only salvage the business dream, he may also save his friend from ruining his own life for good.

Honestly I never thought that anyone would be able to make a profit or even make gambling their business if you are basically nothing more than an ordinary gambler like everyone else. I'm not saying that you can't win because all gamblers have a chance of winning but the problem is that it's not that easy to win especially when your gambling is based on the idea of making money in order to pay off debts or to recover from previous losses.

On the other hand as you said that he must be really skilled in the type of game he chooses but as I said above that all gamblers only have "chances" and not "reality", in the sense that there is absolutely no certainty that can guarantee them to actually earn. However gambling has always been an activity that moves without certainty, I would only believe that you can really make a profit if you are basically the owner of the casino itself that regulates its systems and algorithms.

A typical story of a gambler, where he would take the risk of the funds meant for other important aspect of his life. Though it is not a new story in gambling, but people should learn how to handle themselves in front of their games, so as not to compromised them into a tight situation.


Now, these days you can basically start your business at the comfort of your home. Just look at the freelancer market and you will understand that 1000 bucks can really go a long way, depending on your skills and strategies. Thus, I can believe that someone can start something profitable from this amount, even less if he knows what he's doing and he has the skills to grow that amount of money. So don't look down at people who can say, they can start a business with this amount because some people can really make it.

Your friend's got himself into a right mess with that gambling.  I know you think it ain't all bad, but borrowing money to gamble til he lands himself in the hospital? Pretty clear sign of trouble if you ask me and   

hey, it's good you worry about him and all.  Just tryin to tell him it ain't bad when he's strugglin' so hard might not work.

Dudes gotta admit he's got a real problem here, not make excuses for it, right?

Which type of game he is gambling? Because if he borrow money not to try to win back his losses or to repay his debts but to make profits with the funds he must be very good at those games. Even if your are very good at some games you can't be sure to win each time unfortunately because the likelihood to win is never 100%, except if you are able to bet on a event that already happened and you know what is the winning outcome.

In this life nothing is instant, where everything has to go through a process and be done gradually. When starting a business, no business can suddenly become big, everything starts from zero and continues to be improved gradually. It's like climbing a ladder, where to get to the top we have to put our feet on every step we take. And $1000 is an amount that is considered large enough to be able to start a business, and if your friend is confident enough about the business he is going to start, then why doesn't he just start it with minimal capital and/or when he feels it's still not enough, why doesn't he just take out a loan? or even collaborate with other parties to get an injection of funds,? because in my opinion it is something quite rational compared to risking capital money to gamble whose results are uncertain.

Well, it will never be advised to anyone in this industry. In some instances, borrowing in form of loan for an investment is a good idea as long as that investment could pay the interest of what you borrowed. Unfortunately, I never viewed gambling as an investment. I get the idea in particular with profit expectancy but things are just not the same. With gambling, it is either you win big or lose big. Much better to just bed with higher odds in order to have bigger rewards but the point here is whether gambling could be a good source of income. Any amount could be turned into an investment however, once things are done then it's done.Gambling could be a good source of income nut that is only if you are lucky with the career itself.

First of all, another story like, my friend's friend bet, and then he told me, I told him, it's a bad idea not to bet.

It's like a template.
start/here is mine, but with a "deeper focus:"

🗣️🤔:Today I got up, called my friend and told him: Barcelona is playing today, how much I bet."

👤🤫: He answered that the potluck is very low, around @ 1.2, if we are going to risk with $1000 of the funds that managed, we has to have more profits.

 🗣️🤔: but we would earn $200, that's fine, especially for $1000 that is not ours.

👤🤫: responds, let's go for it, let's play a BB, that way we can win up to 5 times, it would be $4000 profit.

🗣️🤔: it's not right to do that, the risk is very high.

🙋😞 Everyone's friend appears and says you are addicts.

Template/end.

There are also people that are very skilled when they gamble and they can easily turn $1000 to $5000 with stress. Those kind of people most time take too many risks just to earn more. Gambling is all about stay safe when gambling but sometimes we all need to go in fully to make money as fast as possible. If we keep taking little or no risk while gambling, we may never win or make huge profits. Our profits will be less compared to those that keep taking risks to win a jackpot. We need just a single risk and luck to get what we had been struggling for in gambling. Let's go in fully with a good skill.

Not everyone can actually manage a business; some people just need a good job for a sustainable income so that they can take care of their needs and also have fun when they want. I usually tell those people who hate gambling that gambling is not a bad activity, but rather that some addicted gamblers have a bad lifestyle towards gambling, which ends up causing problems for their lives and can even destroy the lives of some of those compulsive gamblers. 

If you are very close friends with those two guys discussing gambling as a means of income, I will suggest you just have to advise them to not handle gambling in the way they are going about it. At least if they can head to your advice, that's what you owe them as a true friend who doesn't allow their fellows to get misled. Let them get a job, save up money to invest, or start a business if they have the capability to do so. They can gamble if they want, but they should not handle it as a means of income.