Topic: Pay off DEBT by do Gambling? think again before you loss more (Read 1777 times)

Taking up some loan for doing gambling? This is something the most dangerous situation or decision that you would really be making because you would really be risking on something which is really that could potentially  destroy your life because of paying up your debt by doing gambling. Then you would really be making use of loan amounts to pay up your previous debt? What if that current loan of yours ended up
on still a lose? You would really be keeping on piling it up until you would be getting prisoned because of too much loan and cant pay it up.

On the time that you would really be losing up more, then what you would gonna do? Selling out your property? Selling your possessions or whatever you do have?
You would really be ended up something like this if you wont really be taking up responsible decisions with your life.

People who make loans to gamble really don't have long-term thinking, they don't seem to be able to see beyond whether it's a good decision or not because I see quite a lot of people who are depressed about paying off their debts

addiction, well, this is the characteristic that makes a gambler have the heart to borrow money to gamble, besides that their minds are very confused, all they want is to return the capital they lost at the beginning

It was there bad luck. This is why you don't have to take a risk like gambling by taking a loan.  Gambling is very risky and no one can make an accurate prediction here.  No one has this power. Gambling must be kept at a level that the gambler can tolerate. A person takes the decision to take a loan only when he is addicted to gambling and always feels gambling. And if you don't gamble, it will make him feel empty.  Then a gambler starts making decisions like taking a loan and gambling even if he has no money in his pocket

Absolutely, financial pressure can make a gambler make irrational decisions, especially when the gambler feels that he has no other option. This pressure is dangerous and most of the time the pressure is also caused by gambling. When you gamble with funds meant for a bill you can easily run into problems and then hoping for gambling to solve it can make the situation even worse.

Most gamblers understand that gambling is uncertain yet the allure of potentially winning big and quickly resolving their financial challenge makes them still give gambling a try but in my opinion, this is not a rational decision. The reason is simple. Gambling is not a reliable or sustainable solution to financial problems. Gambling will compound the problem instead of solving it. When individuals gamble under the weight of financial pressure, they are more likely to make impulsive and risky decisions. This can result in significant financial losses, further exacerbating their already precarious situation.

I agree that only few changes their lives through gambling. But if that really changes their lives, it's once in a lifetime opportunity. Many of them ends up badly when they're able to win some already but it's all about how they manage those winnings and if they're too emotional, that doesn't make sense to them anymore when they've won because eventually, they'll just let it lose.

Well, we're all gamblers and we tend to risk our money and that's the essence of gambling. We risk money and we have that chance to have some wins or either double or multiply our money. It's not guaranteed and that's why it's not the way of how you make money as been always said. You can make money for some reasons but it's not always payday in gambling. You win few times and then you're going to lose more times than you are ever imagining. When you're in debt and you think that gambling is the way to pay it off, that's not the best idea that you can resolve that problem. As you've said about having a job, take a portion of your salary and use that for paying your debt and make a contract for yourself that you'd only gamble once you're able to pay in full all of your debt.

OP, if you have wanted to borrow him the money, you would had given him the little you have with you while he takes the little from those others who does not have sufficient as he may be demanding and then he could add up to that little he has which he loosed on the slot while chasing to double his stake to pay for this rent bill.

I have just come to analysis this fact according to your explanation.
He was frustrated and stranded which got him took the wrong step but on a full ground, that your friend must be a full to had been in critical need of money and yet he had the little with him for gambling.
He never thought about why he have not win all those while while he spends more time while gambling and what made him think he was going to win with his last fund?
Does he think the gambling sites offers sympathy winning? Of course not . He probably got what he deserved in a well served. Next time he would learn to take control of his gambling emotions.

That kind of statement where they changed or saved their life financially because of gambling is like a once-in-a-thousand or even million chance. Only a few people who are lucky enough can win, but most of them end up losing money instead of winning.

That's true, doing the regular process which is having a job will be better for making money. Risking money through gambling is not wise as it is about risking one's money.

It was never meant for that. Although there are testimonies where they saved their business thanks to gambling (the FedEx guy), that is a very rare thing to happen. I mean, how many testimonies are out there that say they were saved by gambling? I bet it can be easily counted.
The number of losers is way too many than those who win a game in gambling. It's simply because it was not meant to help us out, it was meant to take out money while we were enjoying the thrill of risking it.

I agree. Just look for another way. The chances of doubling the money that we already have is low while it's better if we just use that money to look for a job. It's not like the debt can kill us, those who we owe will try to keep us alive so that we can pay them off. Killing the borrower would just be a bad business for them.
They will have to wait because there's no choice.

People who do really love on sticking with easy methods and ways are totally lazy. Despite of knowing about the risks involved they would really be rather that pursuing into these things because
they do believe and having that kind of mindset that it is really just that possible that they could be able to win up gambling without any issues or at ease. This is why it would really be best that you
should really be that sensible on the decisions that you are making and not really rushing up yourself on making solutions on which it is really just that actually suicide.

They would really be only realizing on the time that they will really be having that kind of huge problem towards their finances.They wont really be thinking up well while they are still midway.
They would really be that too confident that they could really be able to make it out without any issues but when the  time comes that shit happens then this is where
regret would really be kicking in.

Indeed the mindset of being able to make money from playing your luck is a potent impulse that drives a person to gamble. With pushing from the promotions like free spins, cashbacks and VIP treatment the gamblers feel more and more at home and get hooked to a casino.

This is how to current online gambling industry works.

Of course hobbies are never meant to be paying you. Some might but they are not persured for that purpose.

I really think that because when you gamble you have a chance to get your money back, this makes many people to see gambling in a different light and they believe they can make money with it, but when they think about any other hobby, the thought of trying to obtain profits with it never crosses their minds.

But this tendency can be very dangerous, because even if it is possible to make some money occasionally, we know the majority of the gamblers out there cannot get those results in a consistent way.

Gambling should really be just that for fun and not something could be used to make it as a source of income or the thing that could solve out your debt problems because its never meant to be on that way on which it is really that very wrong on having that kind of treatment towards gambling. Its really just that created for some leisure or past time and not really that having those debt issues or problems. On the time that you would really be doing such stuff, instead on resolving out such debt problems you would really be able to make it worst. We do know that odds and chances on winning up yourself with gambling is something that you could really be able to assure with. This is why it would really be always that ideal or wise that you should be having those realistic approach rather than on making yourself that something delusional.

Its a must thing to consider but we've seen surprisingly into those people who had been that making such stuff or decision towards gambling is really that taking up such further step which it isnt really
something that should be done in the first place. People would really be only making out those realizations on the time that they would really be experiencing issues on the time that they
do able to face up the reality.

This is the way you should be doing it anyway. When you want to have some fun, you gamble for fun and that's like some hobby, like you spend money on hobbies. Most people watch netfix, disney plus, hbo max, go to cinema, and some just gamble. This should be your expense, but nothing more. If you end up doing it like an addiction and for a long time then it would definitely be something different.

This is why we should try to avoid it as much as we possibly can, it would make a lot more sense that way. I believe that the best thing to do in this case would be just avoiding all of this and we could definitely end up with a lot better result eventually. This should be the thing that gets you the best out of gambling.

The irrationality that comes with financial pressure can be a very dangerous thing, especially when you're completely out of options, it is very easy for anyone in that state to start making wrong decisions, especially when desperation sets in.
When a gambler gets to this point, gambling becomes a very big problem. Due to the financial pressure especially from debt, they start seeing gambling as a one way ticket make extra money to repay the debt but in reality it's more of a wolf in sheep clothing, it may seem like a solution but in reality only there to create even more problems for you and put you in a lot more mess than you already are, at that point, you view gambling as your savior when it's likely to make their financial situation even worse than it already is.

In the event that you've got a lot of time on your hands, you're going to want to make sure that you've got a good understanding of what you're doing and what you're doing.

On the other hand, you seem to have quite a big responsibility in the family so you can't focus on other things like gambling besides taking care of all the needs in your family, and that means you are one of the people who understand the circumstances and situations where if you gamble especially with too large amounts then you will not be able or have problems in terms of meeting the needs of your family's life, and I say that you have a pretty good self-awareness friend so that gambling really doesn't bother you especially in terms of financial balance.

Gambling in moderation is an approach that is always recommended as well as without putting any hopes or expectations on the final result, and of course it is very unlikely for someone who wants to pay off debt by gambling, I will also not say that there will not be anyone who succeeds, but what is certain is that it is very difficult and there may only be 5 people who succeed out of 100 people trying it.

This kind of thinking or action is not the best thing, because it cannot be sure that you will get a lot of money, so it is a wrong step if you gamble on the grounds that you want to pay off your debts. But clearly the big possibility is that it will only complicate our situation more. It's true what you said, if it's lucky that even "if" then we can get a lot of money, also to get a lot of money or victory in gambling is based on luck, because in my opinion luck has a big role in gambling. Also luck cannot be forced to be able to come to us according to our own wishes it is very impossible, luck only comes once in a while and it also depends on ourselves whether we can make good use of that luck or even waste it. I agree with you that we should gamble with money that we are willing to lose and not use money that is intended for other needs. That's not the right thing to do.

Yes that's right, it must be emphasized that gambling is a means of paid entertainment and it is profitable for the company not profitable for the gambler Maybe a lot of people are losing money because they don't look at this side, where they only think gambling can make them rich in a short period of time In the event that you're looking for the most effective online casino you'll be able to find a number of the best online casinos in the marketplace and you'll be able to find a number of the best online casinos in the world.

No, not skilled. With me - I simply can not allow myself to gamble with large amount and lose. I dont gamble often. I have high expenses on my family. Which makes frequent gambling or gambling as a taboo in general. I can gamble from time to time, but I dont aim much on a result. But with what I have written above, this was just an example that sometimes, in rare cases, some people might have that little chance to pay off debt by gambling. I just wanted to say that there is a little chance to do that. Not like there is 0% chance that gambler will ever pay off his debt.

But many people like to commit suicide in such a way because their brain has been emptied by debts, exploiting this need, gambling creates all kinds of different conditions for gamblers to repay debts, suddenly, a debt that only takes a few years and a little borrowing to repay, it becomes a debt that affects future generations and even if borrowed, no one stands up to guarantee it. Gambling is a one-way street that only leads to deeper suffering, there is no philosophy of joy here

You are right, but the fact remains that risk takers will always take risks, this is not the very first time someone would turn to gambling as their last solution of getting money to solve a particular problem or to resolve a certain situation in their lives.
If you are very familiar with history, you should remember the story of the FedEx CEO, how the company was at the verge of declaring themselves bankrupt due to lack of funding, how the FedEx CEO; according to the story took the last $5000 the company had and traveled to Las Vegas where he used the money to play gambling, slot games I suppose, and how he luckily won a jackpot in the sum of around $25,000 or so, it was said that it was through this money, that the company came back alive, they started operation normally again and profit started coming in, and today, FedEx is known all over the world.

If the CEO had lost that $5000,  the company would have declared bankruptcy and closed down, a lot of people would have blamed the CEO for using the last $5000 belonging to the company to gamble, just like we now blame the gambler in the ops story for gambling to try to pay his dept, if he had won, I guess alot of us would have celebrated him, and called him a hero, same way the FedEx CEO was celebrated and called a hero for saving his dying company through gambling.

you are very skilled at managing your gambling, you are really able to minimize your losses when gambling, it is very rare to find gamblers who can make money consistently every week or day.
I'm one of those people who doesn't have good luck when gambling, especially when playing slots, I will lose big if I force myself or play for a long time, that's why I prefer to bet on football.
In my opinion, the percentage of people who are successful in paying off debt by doubling their money in gambling is only 10%, the rest are losers (you are in that 10%).