and above all why do bookmaker and casinos have more and more profits? repaying debts with gambling is a clear oxymoron
Topic: Pay off DEBT by do Gambling? think again before you loss more - page 10. (Read 1777 times)
February 01, 2024, 01:09:56 PM
I always remind people: if it were so easy to win at bets, why aren't all bettors rich?
and above all why do bookmaker and casinos have more and more profits? repaying debts with gambling is a clear oxymoron
and above all why do bookmaker and casinos have more and more profits? repaying debts with gambling is a clear oxymoron
February 01, 2024, 12:53:30 PM
I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
The valuable lesson of this topic is that there are already 1594958402 topics talking about the same problem. I doubt that anyone needs to read that trying to pay off debt with gambling is a bad idea!
I mean, maybe I am wrong and someone reads this topic and it opens their eyes, but I doubt that someone is so naive to truly believe that gambling could be a rational and reasonable way to pay off debt... 
February 01, 2024, 10:44:09 AM
I think it is not uncommon for people to come and engage in gambling with the initial intentions and goals like your friend who gambled with the aim of winning to pay off debts, however this is a wrong and stupid mindset. Gambling is always nothing more than a game of probability or profit - profit that does not have any certainty at the end of the session especially on winning, everything there is nothing more than a "possibility" and this is the reason why it is absolutely not recommended for anyone to put goals and hopes that lead to earning in gambling, none other than because the risks that are there are far unbalanced in the sense that it is very large which actually makes you experience a worse situation.
For those who come with the aim of winning I am sure that they are too focused on winning so as to ignore or rule out the possibility of risk which is clearly always inseparable in gambling, after all gambling is always about the possibility of two things at the end of the session namely winning or losing, so of course as I said above that it is a ridiculous decision if someone comes with the hope of winning especially with the aim and intention of paying off debt. However, gambling is not a solution to any problem, especially debt, because the risks involved simply do not allow a person to realize their wishes.
that's true, in fact I think many people are like this, they take the initiative to double their money in gambling so that they can have enough to pay off the debt they have, and as you said, this is indeed wrong thinking and more precisely maybe it is stupid, because legally gambling, winnings cannot be obtained according to desire, so when they need money for anything it doesn't mean they have to double it on gambling because that is the wrong action. and perhaps they hope that gambling can solve all their problems.For those who come with the aim of winning I am sure that they are too focused on winning so as to ignore or rule out the possibility of risk which is clearly always inseparable in gambling, after all gambling is always about the possibility of two things at the end of the session namely winning or losing, so of course as I said above that it is a ridiculous decision if someone comes with the hope of winning especially with the aim and intention of paying off debt. However, gambling is not a solution to any problem, especially debt, because the risks involved simply do not allow a person to realize their wishes.
The habit of gamblers is to ignore and ignore the risks that exist, they tend not to look at losses and risks, but it could also be that they are aware of the risks in gambling, but they can still cover these risks with the belief they have about the big win that will come. got it. I agree with you, gambling is not the solution to all the problems in life related to finances, this is just a paid game and with winnings you can only get a bonus but it is not certain.
Yes that's right, the urgency factor makes them seem to override the important aspect of gambling such as "possible risk", on the other hand all this is because of the hope factor that makes the confidence grow by itself that leads to victory. Never mind, after all gambling should be fun and not miserable, solving financial problems by making gambling an alternative is like you are trying to dig a hole but to bury yourself.
Responsible gambling is my kind of idea. Knowing the game, enjoying the ride, and remembering the exit are key. At a party, you love the music and dance, yet you know when to leave. The key? Enjoy the highs, learn from the lows, and dont let the game control you.
Every gambler has hope! Believing in the unattainable and dreaming of the rainbow jackpot makes us human. However, lets stay grounded and avoid the clouds. Gambling for enjoyment, as a hobby, to spice up life? Absolutely. A financial plan? Not so much.
February 01, 2024, 09:18:48 AM
Moreover, he made a fatal mistake because he considered gambling as an instant money multiplier, this is a valuable lesson for us, not to use money that has a purpose, it is better to use cold money for gambling.
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February 01, 2024, 09:12:02 AM
It is never possible to pay off a gambling debt and it will only put the gambler in further debt. After betting with loan there is no guarantee of winning. Invest the money in business activities other than gambling if less you will get profit. If the person does not think about the problem then he will never be able to deal with the loss. Consider everything properly before gambling with loans. How bad will be the effect if the loan is not paid on time.
If he has no income, he will have difficulty repaying his debt because he has no money. That is why a person does not need to gamble if he does not have money, and he should focus on looking for a job to make money. Taking loan money means we have to return it according to the agreement, and if we are late in returning the debt, we may get a fine for the delay. So we shouldn't borrow money to gamble, especially if we don't have money or income. That will only add to the burden because we will think about unpaid debts. February 01, 2024, 06:55:57 AM
That is obviously not something that anyone should do.
Gambling by definition is an -EV proposition and you'd be foolish to want to pay off debt using that. As we all know, gambling should be reserved for entertainment purposes only, and you should not bet any more that what you can afford to lose.
Unfortunately, not everyone follows that adage, and I have seen way too many people gamble away money that they desperately need. This is not restricted to house debt - I've seen people do the same on credit card debt. It's a real shame.
Gambling by definition is an -EV proposition and you'd be foolish to want to pay off debt using that. As we all know, gambling should be reserved for entertainment purposes only, and you should not bet any more that what you can afford to lose.
Unfortunately, not everyone follows that adage, and I have seen way too many people gamble away money that they desperately need. This is not restricted to house debt - I've seen people do the same on credit card debt. It's a real shame.
February 01, 2024, 06:22:36 AM
I think it is not uncommon for people to come and engage in gambling with the initial intentions and goals like your friend who gambled with the aim of winning to pay off debts, however this is a wrong and stupid mindset. Gambling is always nothing more than a game of probability or profit - profit that does not have any certainty at the end of the session especially on winning, everything there is nothing more than a "possibility" and this is the reason why it is absolutely not recommended for anyone to put goals and hopes that lead to earning in gambling, none other than because the risks that are there are far unbalanced in the sense that it is very large which actually makes you experience a worse situation.
For those who come with the aim of winning I am sure that they are too focused on winning so as to ignore or rule out the possibility of risk which is clearly always inseparable in gambling, after all gambling is always about the possibility of two things at the end of the session namely winning or losing, so of course as I said above that it is a ridiculous decision if someone comes with the hope of winning especially with the aim and intention of paying off debt. However, gambling is not a solution to any problem, especially debt, because the risks involved simply do not allow a person to realize their wishes.
that's true, in fact I think many people are like this, they take the initiative to double their money in gambling so that they can have enough to pay off the debt they have, and as you said, this is indeed wrong thinking and more precisely maybe it is stupid, because legally gambling, winnings cannot be obtained according to desire, so when they need money for anything it doesn't mean they have to double it on gambling because that is the wrong action. and perhaps they hope that gambling can solve all their problems.For those who come with the aim of winning I am sure that they are too focused on winning so as to ignore or rule out the possibility of risk which is clearly always inseparable in gambling, after all gambling is always about the possibility of two things at the end of the session namely winning or losing, so of course as I said above that it is a ridiculous decision if someone comes with the hope of winning especially with the aim and intention of paying off debt. However, gambling is not a solution to any problem, especially debt, because the risks involved simply do not allow a person to realize their wishes.
The habit of gamblers is to ignore and ignore the risks that exist, they tend not to look at losses and risks, but it could also be that they are aware of the risks in gambling, but they can still cover these risks with the belief they have about the big win that will come. got it. I agree with you, gambling is not the solution to all the problems in life related to finances, this is just a paid game and with winnings you can only get a bonus but it is not certain.
Yes that's right, the urgency factor makes them seem to override the important aspect of gambling such as "possible risk", on the other hand all this is because of the hope factor that makes the confidence grow by itself that leads to victory. Never mind, after all gambling should be fun and not miserable, solving financial problems by making gambling an alternative is like you are trying to dig a hole but to bury yourself.
February 01, 2024, 05:20:28 AM
It is never possible to pay off a gambling debt and it will only put the gambler in further debt. After betting with loan there is no guarantee of winning. Invest the money in business activities other than gambling if less you will get profit. If the person does not think about the problem then he will never be able to deal with the loss. Consider everything properly before gambling with loans. How bad will be the effect if the loan is not paid on time.
February 01, 2024, 12:47:19 AM
I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
Gambling to pay off debts is the worst idea any one would think of. I see it as an unwise decision for anyone to make. If one so needs money do something very important he should be adviced to take a loan or get something doing that can give him the money buy not gambling. If he has gone for trading that might had been better as gambling is something you do when you are less tensed and from the situation of your friend here, he definitely would be tensed since he needed the money urgently that could have caused his loss.
In gambling we should see to it that we make wise decisions so that we don't end up loosing everything just because of fun. Gambling isn't to pay off debt, if you are lucky to have won before then you can use your previous wins to do that but don't stake money for some important stuff into gambling.
I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
What your friend did was actually a desperate move; maybe at that time he could not think of any other solution but gambling, and he also thought that gambling would solve his problem quickly if he was lucky, but he was wrong; he is what he thinks he is.
Those scenarios, knowing how complicated it is for someone who is dealing with a problem like this, It is said that every problem has an associated solution, and there are only two solutions: those that are not correct and those that are correct. And most gamblers choose the wrong solution that, in their eyes, is the right way, but it really isn't.
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
Borrowing money to gamble is wrong and it won't help you instead it'll make you to be in debts. Gambling should be for entertainment and money we're to use for gambling should be money we don't have any pressure to payback. When you're borrowing to gamble, you're putting pressure on yourself to win your bets and this can lead to addiction which is a big problems to gamblers. You can't pay off debts from gambling but you'll get into more debts when you're borrowings money to gamble.
Only a few individuals have being able to borrow money to gamble and have succeeded in doing that. Gambling isn't a guaranteed way of making money therefore when you stake your bets, you have a chance of winning or losing and the house always have the edge against those individuals gambling therefore you have more chances of losing your money than doubling it. Use only spare money when gambling.
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
That's where some people end up if they have no other choice. What are their other options if they have already done everything they can? The sad reality in life where it's hard to look for someone or some institution that will give a loan even if there's collateral.
Some people got lucky from gambling with their last money. That's a big luck! But unfortunately, there are far more people who end up losing it all. I hope those people who experienced the latter will about to get back on track and survive the problem they are currently dealing with.
This is nothing but foolishness if anyone wanna clear their DEBT by doing gambling. I have seen lots of people are being more DEBT for the gambling by loan. And if we see the first rules of trading that gamble as much as we can afford to loss then it will broke this rules if anyone gambling crossing by his affordable. If someone wants to do that then I can see nothing but darkness in his life in the future.
Same here! I know a lot of people who get more and more in debt because they rely on gambling to get the money to pay off all their debts, the ending is that they run out of money even more and it happens again and again, every time they lose gambling they will find someone to lend to because they don't have a stable source of income. It's just sad to think that because of what they do, it has a big impact on their lifestyle, and they might even pass the responsibility of paying off their debts to their children when they grow old. This is an example of a Toxic mindset which should be cut off early because it is difficult if such attitudes and actions are passed on to younger people.
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
That person is shit out of options. I know the feeling.
Desperation because no one helps him while being in the dark situation. Reading your story, I'm sure he tries his best to ask for loans from SEVERAL FRIENDS but none of those help him. I don't blame his friends though but because of that, that person becomes desperate.
You forgot to mention if that person is already a gambler? Or the gambling just started because he's out of option?
“Taking loans to gamble and gambling to pay off debts” is something that is highly discouraged. And if someone does that, it can show how stupid that person is. This is a financial trap that can have a serious impact on a person's financial stability and well-being. Because after all, gambling involves a risk, and winning is not something we can guarantee we will get, but only a possibility. Meanwhile, when talking about loans, we definitely have to pay them every month along with interest.
And if you decide to gamble with borrowed money, this is a bad decision. If you are facing debt problems, it is wiser to seek responsible and sustainable solutions. Help from a financial counselor or debt management agency can provide guidance and a more regular payment plan. It is important to understand that gambling is not a smart solution to financial problems and can have detrimental consequences.
And if you decide to gamble with borrowed money, this is a bad decision. If you are facing debt problems, it is wiser to seek responsible and sustainable solutions. Help from a financial counselor or debt management agency can provide guidance and a more regular payment plan. It is important to understand that gambling is not a smart solution to financial problems and can have detrimental consequences.
This is nothing but foolishness if anyone wanna clear their DEBT by doing gambling. I have seen lots of people are being more DEBT for the gambling by loan. And if we see the first rules of trading that gamble as much as we can afford to loss then it will broke this rules if anyone gambling crossing by his affordable. If someone wants to do that then I can see nothing but darkness in his life in the future.
Everyone has that friend, right? Heart is right, but strategy? Somewhat less. Avoiding gambling was good advice. Especially in a pinch, the temptation to turn pennies into pounds quickly is hard to ignore.
Keep in mind that life is too short to not gamble occasionally. Try to keep it entertaining and not use it as a financial rescue. I usually say to gamble like dessert - in moderation, but not daily.
Create a "fun fund"? A separate fund from the "oh no, the roof is leaking" fund for whimsy. Your companion can enjoy the game without risking everything. Additionally, good stories are key, right? To be honest, "I won big by being sensible" works well!
Keep in mind that life is too short to not gamble occasionally. Try to keep it entertaining and not use it as a financial rescue. I usually say to gamble like dessert - in moderation, but not daily.
Create a "fun fund"? A separate fund from the "oh no, the roof is leaking" fund for whimsy. Your companion can enjoy the game without risking everything. Additionally, good stories are key, right? To be honest, "I won big by being sensible" works well!
we have seen scammers robbing Peter to pay Paul. it's not so much different from taking a loan from some dear friend and then paying the amount to someone.
gamble the money so you could pay the debt is a much bigger risk, losing the money means you have two sides where you are owed. you'd be lucky if the people you owe from are patient enough not to sell your corpse to doctor students.
gamble the money so you could pay the debt is a much bigger risk, losing the money means you have two sides where you are owed. you'd be lucky if the people you owe from are patient enough not to sell your corpse to doctor students.
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling
I couldn't think and was very angry at people who thought they could pay off their debts by gambling. I can say that it is a very loser mentality. Gambling will only increase your debt. Because as I said before, in gambling we have a 50:50 chance of winning or losing even though it is a sports bet with odds. In the end you only win and lose. If you are lucky you will win the match but if you lose then your debt will increase. And you have to remember that casinos are a business and business is always about profit. 
Paying off debt by itself is such a good way to earn a return on your money (in a way) by eliminating interest you have to pay that it shouldn’t be lumped in with gambling habits. Just pay down your debt as you’re able. When people use gambling as a way to make money instead of have fun it typically does not end well for their finances.
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