Outcomes of insighting gambling for a source of income. - page 5.

Hirose UK

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Quote from: swogerino on February 24, 2024, 05:51:44 AM

Quote from: AVE5 on February 24, 2024, 03:18:39 AM

~snip~

You can have an online site hustle if you have 1000 dollars and of course I am not going to tell you which one as there are plenty of them,you just have to be careful to do your own research to not fall into scam as also scams online are in huge quantity.If they were talking as gambling with 1000 dollars and considering it as business that is the worse of all the ideas as that money can go as soon as just three days.

Therefore they should stop right away as if they continue their medical health condition will get worse and worse as that is the only way if you keep gambling and considering it as a business no matter what "strategy" you apply to it.

In gambling it is business and it is clear that only those who own gambling sites and who invest there can make profit, but this all requires lot of money and of course it can reach tens of thousands or even hundreds of thousands of dollars to get started.
If are just gambler then it is not business because business is an activity that can develop and generate certain amount of profit while gambling is an activity that can spend money.
Moreover, with $1000 won't be able to have any business in gambling and if this is used for gambling capital then what you say is true is that it can run out very quickly with nothing left.
Everyone must be able to really take wise decisions with the money they have, if mistake occurs then the main thing that must be faced is to be willing to lose all the money.

I don't think there are people who consider gambling as business, I also believe they have too high hopes to see what is good and bad.
Not everything in gambling can be considered bad, but if the attitude and approach is wrong first then it is clear that it will only be bad result, they must immediately realize it before everything they have is lost.

Natsuu

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Your friend's into some heavy gambling and it's taking a toll on him not just financially but also health-wise. It's important to remind him to set limits and know when to stop. Maybe suggest seeking support or finding healthier ways to cope with financial goals. Losing borrowed funds for a business restart is rough and a bit of advice could go a long way

Wexnident

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

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Erm there's actually more to it than just playing while losing your emotions to greed, it's also thinking of it as a method to quickly make your money bigger, just like in your case OP (or your friends). In fact, I'd much take your sample case as much worse compared to impulsive gambling since their mind is relatively free from influence of dopamine (the emotion thingy). The moment someone thinks of using gambling as a method to multiply their money is the moment you lose it all. There are rare cases, but those are on the extremely rare side like the FedEx president.

In fact, having that mindset and yet wanting to start a business only makes me see that said business would've flunked immediately since they'd start looking for loopholes to immediately make money lol.

shivansps

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

The point is probably not even about 1000 dollars, but about the fact that if a person is prone to gambling, then no matter how much money he has, there is a chance that he will lose it through bets or casinos or something like that. The issue here is not gambling or business, but a lack of basic knowledge, namely that you should not under any circumstances use money intended for business or for family or for anything important for gambling.
If this understanding is not there, then there is a possibility of problems arising both for the person himself and for the people who are nearby.

Promocodeudo

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The mindset of a gambler is never to quit even if the are not making fortunes, by this is bad for anyone to think that way, how will someone continues to expend in a thing that's not profit sure, that's madness, I hope your friend has learn, gamblers never quit unless something serious befall them, some people can be myopic in their reasoning, how would a right mind person think that he or she will make a living or a good money source through gambling, I think that's not possible, their are many business that can profit anyone who invest in it, gambling should never be an alternative talk more of a major source of income.

Agbe

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Using gambling as a source in of income is an error and one can invest only use gambling as a alternative accidental way of income and not a source of income. Because the number of time one loss before winning once is mush more than the time of winning and I have said this in one of my gambling thread. As for me gambling nis not even side hustling but it is a Lucky game which you can win when you have the luck to win. As I said gambling is not a source of income but it is used to drain people income from other sources. If your want to make money in gambling just gambling once a while and not a habit that without it you can't live. Addicted gamblers have dedicated their lives to gambling. If anyone is doing a good business, in fact it is not even good to gamble.

bitbollo

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If it were so easy to win at gambling that you could make a living, there wouldn't be so many bookmakers and all the bettors would be very rich. Cool

It's clear that sooner or later you get "burned" by gambling and end up losing Sad

I also agree with the comment that with $1000 at least in a country western it is really difficult to launch a profitable (legal) business...

livingfree

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Everything that is too much and uncontrollable is bad. And I just mind my own business so if two people are talking about what they're up to and they're not including me to the conversation, I'll just keep my mouth shut.

And those gamblers that have been using funds that are dedicated for some important matters, as a capital to a business or anything like medical bills, monthly bills, etc.

There's only one thing that we can think of them and that's they're likely gambling addicts already. It's hard to control when they're on that point that they can spend money that's not actually for gambling.

Outhue

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I am very certain that right now he must have learnt his lesson that gambling is not a way of making a income, they learnt this lesson because they hide it from you, they knew what you are going to say already that's why they are avoiding you, things like this have happened to some people I knew too, they always learn after they refuse to listen to your advice and do their thing.

For the $1000 as a money for starting a business, I think its very small, I don't know which country you are in but this amount won't do too great in my country, the rent for a store alone will take a lot of that amount, the major problem is where you plan to rent for the business, it's so much that I've even decide to build a bigger store in front of my house after this bull market is over.

People who don't understand that gambling isn't any way close to investing in real assets will only learn the hard way, just like these friends, they must have believe that they are the smartest ones.

swogerino

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

You can have an online site hustle if you have 1000 dollars and of course I am not going to tell you which one as there are plenty of them,you just have to be careful to do your own research to not fall into scam as also scams online are in huge quantity.If they were talking as gambling with 1000 dollars and considering it as business that is the worse of all the ideas as that money can go as soon as just three days.

Therefore they should stop right away as if they continue their medical health condition will get worse and worse as that is the only way if you keep gambling and considering it as a business no matter what "strategy" you apply to it.

ultrloa

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

So I caught my friend up having gambling as a source of making incomes.
Few days ago, I went to my friends place and met him with a strange face to me, so sudden their language changed in a way I wouldn't understand. The both were talking about hustles which the other guy ask my friend that Are you not running the other hustle anymore"? So my friend replied"I do but I have lost a lot this time just after I made my last cashout" which he analysed different values and occasions he had won. The other guy told him not to stop trying that it is sometimes like that and so is the nature of the business.
I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.
Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

He just expect to much on gambling and think that its easy for him to win that's why he made up on some conclusion that its possible for him to earn a living on gambling but unfortunately everything spills out and he face the harsh realization about his activities done.

And its good that he has friends around giving an advice to stop what he does since if he continue to chase up for sure more lose will occur to him since I think he might be in desperate mode and everything will fall bad if he continue to gamble.

Gambling is not bad activities if done well that's why there's always reminder about gambling in moderation so that they will take it easy and just enjoy this activity.

Now since he's on treatment then much better he should not think other things that can cause stress like squandered business and he should focus on his medication so everything will be fine since he can start over again once he's fine and not bothered by past activities.

Dr. Strange

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I can speak from my own personal experience. I have seen many people choose gambling platforms as their source of income but they do well or earn money in the beginning but later face huge loss of money. Then gradually, even if they want to come out of it, it becomes very difficult for them to come back. In other words, they became addicted to gambling and gradually became a bad image to their family and relatives. So I think gambling should not survive to make money. And in the end the result of gambling is very terrible. So if someone comes to gamble then he must come with good knowledge.

DabsPoorVersion

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

Your friend has come up with the worst idea to expand their business quickly by gambling to increase their capital. While this may seem like a fast and easy way to achieve their goal, it comes with a high risk. There is a strong possibility that they may lose their money instead of doubling it.

It is important to understand that gambling is not a viable path to financial success, whether it's for improving one's financial situation or expanding a business. Engaging in gambling activities can often lead to more problems and worsen one's current financial status. It's best to avoid gambling altogether and instead focus on more sustainable and reliable methods for achieving financial goals.

Rockstarguy

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.

This is the result you will gain when you see gambling as source of income and expect so much from gambling . Gambling is a wrong investment for anyone to involve his/her self into. Gamble win can never be predicted, sometimes you win or lose. And when you put so much in gambling and at the end their is no positive result it will definitely make one to be angry .

Expecting so much from gambling can make one to be sad to the point of depression. Seeing gambling as a job is dangerous to the health and this what beginners needs to know about gambling, it can never be predicted or just grant your desires at all times.

angrybirdy

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

I knew they were up to gambling discussion but they never wanted me to know about it.
I never see gambling as a bad activity unless you gives yourself up to it in controlling your emotions. So I think these two guys knew they were at the wrong side of it that is why they never wanted me to know they were into gambling.

maybe that's why they don't want to tell you because they know that things are going a bit sideways in their business and it's only right that they don't tell you about their sources of income. even if you are one of the closest friends because it's a matter of confidentiality. Like what you've said, You never see anything wrong about doing a gambling business as long as you know how to control your money, decisions and emotions, that's all true and it will only become wrong if you cannot handle well your financial expenses and you've already developing gambling addiction.

Yaunfitda

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Quote from: dimonstration on February 24, 2024, 03:30:08 AM

Quote from: AVE5 on February 24, 2024, 03:18:39 AM

At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I'm really skeptical if 1000$ can really give you a lucrative business in my country but maybe in your country since that amount is only the price of the business location with very rental small place but resorting to gambling using the funds that is intended for important matters is always a big red flag because you are risking the money that you can't afford to lose.

Maybe for the country that they live, $1k may have a big money already and that it could start some business as initial capital. But the question is that his friend gamble it in hope that he can make it double or even more. I remember one thread about recovering gambling addicts and it was an eye opener because those people says that they see gambling as a means to make more money but in the end, it was not.

Quote from: dimonstration on February 24, 2024, 03:30:08 AM

I thought the amount involved here is around 10K or more since it sounds like very serious while reading the introduction of the story including the colluding just to hide gambling. But I will do the same of hiding my gambling activity to others if someone knew enter to my place though even though I'm just playing for fun because it's not cool being known as a gambler in my country. Your friend is still lucky to still involve not that significant amount of money on gambling because he can easily repaid it through jobs.

And I guess the point is that regardless of what the amount will be, it has two ending. Either you win or lose, and most of the time the stories that we here is that those who take the risk ended up with nothing. And so instead of having a business, they have no money left but then still thinks that gambling will be a savior which is not and it's the wrong mentality in my opinion.

Cryptomultiplier

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As bad as we may think gambling is, it might have just been a savior to someone who understands it better and have won several times. Unless they have no other source of income, spend much more than the one they have, with even borrowed funds, then they have become addicted.

When the economy is so unbearable and prices of commodities keeps rising, any legit source that doesn't involve carrying arms or being violent or hacking someone else's hard earned sweat, is very valid. So long it keeps them from begging for bread.
In this case however, I see no evil except for the fact that such a friend was too dumb to have lost his business money because he believes gambling will help double what he has quickly, instead of doing a legit business and slowly growing his wallet.

uneng

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

Your friend has been being greedy by attempting to boost his business through gambling income. If he continues with this mindset, he is not only going to be unable to boost business' capital, but he is also going to lose his entire capital, and there won't be any businesses after all. Instead, he is just going to accumulate further debt, what will potentially damage his health even more, and put him in further medical assistance.

I understand 1000$ isn't a lot of money to turn into a decent business, but that is what he has under his disposal for now, therefore he has to work with this sum of money. He has to do the best he can with the current tools he has. Maybe he can start a small business and then grow it slowly as profit is made, although to go for gambling expecting immediate returns shouldn't be an option to take into consideration anymore. As a friend, all you can do is to advise him hoping he will listen to you for his own good.

Gozie51

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Quote from: AVE5 on February 24, 2024, 03:18:39 AM

Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.

Truly a gambler who is a high staker is on health risk and to borrow money to gamble is a no no. Gamble with the money you can afford to lose is for a purpose and which is if you lose, you only see it as a game to try again next time.

Quote from: AVE5 on February 24, 2024, 03:18:39 AM

At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.

I was thinking he would be making confessional statements that he would never gamble again after he saw his close state of giving up life. But gamblers who are addict never gives up to it when they don't see someone committed to help them out from it. If he is still remembering that he was trying to win big then he is likely to go back on the same track. So you and your other friends also have a responsibility to help him leave such gambling addiction.

Moreover, depending on the country, I don't know the kind of business that $1,000 would be enough to start for him. I wish him good luck anyway.

danherbias07

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Depends on where you are. Maybe $1000 there is a good amount to start a business but I don't think that is enough when you are in another country.
Anyway, what he did was still a mistake in gambling the money that is meant for business, that's just the wrong way to do it. And he might as well learn from that lesson because what if he already started the business and it's not going well? Will he also gamble the profits he made to double it? That will be the start of bankruptcy and he will definitely lose everything.

There's a very rare amount of people who are successful at using gambling as their source of income. Testimonies about it don't come out every day, more like every week or every month. If you imagine how many people are gambling out there, it's too obvious that it is not meant as a day job or whatever one person thinks it could give him on a daily basis.
The risks are just too high and that's why it's a gamble. It's like your one foot is always buried in something and there's a chance the soil will get hard and you might not pull it out again once you lose. I would not recommend joining them and the end game for your friend is an example of it.

Topic: Outcomes of insighting gambling for a source of income. - page 5. (Read 711 times)