Topic: Pay off DEBT by do Gambling? think again before you loss more - page 12. (Read 1777 times)

This correct. Gambling has a house advantage that will surely make every player lose in long term. Above all he play on slot games which we all know that is the hardest game to win due to its nature of pure luck and house edge.

I consider slot games as the real killer on among all the casino games because it rarely pays huge amount while it frequently consumes your bankroll slowly and surely. I’d rather play on table games or sportsbook rather than slot games that I don’t have any option to improve my winning probability using my thinking skills. Your friend is still lucky that he didn’t manage to get a loan because there’s a high chance that he will use it to gamble because he resorted on gambling even with small amount of money on his wallet.

When you are in need of money, don’t gamble with the little amount you are having at the moment, because you have high chances of losing your bet at that particular time, gambling shouldn’t be a activity which you do to increase your money, after gambling and losing, the amount which your friend will be looking for to complete his house rent will have increased, the best thing which your friend should have done is to keep the money he was having with him, then look for ways to source for the remaining amount and pay his house rent. Some people don’t really know what gambling is about, and they do end up gambling at the wrong time.

Going into debt to gamble or gambling to win and paying off debts are two different things that have quite significant negative impacts, they will only receive various bad results if they continue to have this approach and mindset.
Gambling has greater risk of losing and if the aim of gambling is to be able to pay off debt then it will be the same as hoping to make gambling place to make money, this is clearly big mistake that should not be made.
Moreover, debt is an agreement that is matter of full responsibility to be paid back according to the agreed time and if we dare to go into debt then we must be able to have sense of responsibility to pay it, we must be able to have more certain income such as doing business or working.
That way, there will be certain amount of money that can be earned and can be collected consistently for the purpose of paying off number of debts that we already have, after all, if don't have the ability to make money consistently and definitely, it would be better not to take out loan.
It quite bad mindset to use gambling as place to make money and be able to pay off loan.

My advice is that under any circumstances and no matter how difficult the conditions regarding financial matters, never once in while have the thought or hope of gambling with the aim of multiplying money because it will be more difficult and the risks and consequences are much worse.

Extreme luck you do say on which this is a do or die kind of choices on which it would neither solve out your problem or would really be making it worst on which we know that gambling isnt something that could really give out that kind of solution when it comes to debt problems or any financial hurdles on which if you do put up yourself on such choice or resort then it might be ended up instead on extreme disaster on which it would really be leaving you on having those regrets which you didnt expect for it to happen. If you do get yourself that too dedicated on gambling then you should
really know the consequences if things turns out to be negative.

This is why as much as possible if you do able to resolve out problems on other methods as much as possible. You cant really be able to put up yourself on such
trouble if you are really that mindful on every actions you are making.

It takes a lot of luck to achieve what you want when doing this kind of decision. It's a lot of risk to gamble the remaining money you have, especially when you're in need. Sometimes hopelessness and being greedy surrounds us when we're in our deepest situation. Probably it's the reason why risked the only money he have since he was so desperate to have money that fast. However it's a 50-50 situation, either you win or you lose. Or maybe not even 50-50 since it will depend on the odds and the possibility of you winning. And if you can't afford to lose it, better not do it.  Now, instead of him only needing a certain amount, he was left with nothing and will be needing more to pay off his installment.
To be honest, I feel like he has other options but still decided to go with gambling. Idk how his installment works but maybe it's possible to delay it for some days, or ask for a cash advance, or borrow to other relatives or family. it's also his desire to get easy money by trying his luck in gambling.

Doubling your money by gambling is the stupidest way to get more money, because gambling is risky and at any time you can lose. Especially in games like slots, it is a game with a low win rate, if you are planning to double your money in this type of game that relies on luck like slots then you should think twice because it is quite difficult to get money in this game. Just never pay off debt by gambling, because you will never win, unless you have god-level luck.

What is this? Is this a kind of game like a slot that are available on online gambling sites or casinos?



The rules are very simple, yet we make it complicated. It's never gamble what you can afford to lose, and borrowing to gamble already break the rules. Well, there are people who makes stupid mistakes like this because they are so courageous, optimistic, whatever you call it, but stupid because they only see the positive outcome, unfortunately it's the negative that happened. It should be a lesson learn.

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.

only people with low minds have thoughts of wanting to double their money in gambling with the aim of paying off debts.
cases like this often happen and what's worse is that someone who has the intention to gamble doubles his money to pay off his debts by luck getting a large multiplier and can pay off his debts and in this case he will definitely have the idea that gambling can help pay off his debts and will continue to gamble if he has financial problem.
It is clear that gambling is just a place to try your luck by having fun and also not to double your money, but if someone has thoughts like this I think it is a stupid thought that is not worth imitating because it is very misleading to oneself.
for some reason there are a lot of cases nowadays where people are thinking about doubling their money in gambling and there was a thread asking about gambling as a career which for me was ridiculous.
how is it possible that we can double the money when gambling will make money for the casino owner not to give money to the customer unless gambling in the poker game beats other opponents.

It's sad to see your friend who needs money to pay off his debts but by gambling and you should forbid him from doing that because I'm sure your friend hasn't been a gambler for too long so he doesn't understand how gambling works and only has thoughts of doubling his money.
there's no harm in trying your luck at gambling, but don't use money that will be used for daily needs because you will definitely lose and after that you will feel regret and guilt and become emotional and chase after your defeat.
advice for anyone, don't think that gambling can double your money, but use gambling as a place to try your luck with money left over from daily needs and don't try to think about paying off debt by gambling.

Basically, instead of turning to gambling when strapped for cash, your friend could've considered getting a loan, selling stuff, or finding a part-time gig. These options are more practical and reduce the chances of digging a deeper financial hole. It's about making smarter moves to tackle debts without taking unnecessary risks

There are so many stories like this. They are being controlled by their desperation that's why they are doing gambling even if they don't really gamble or has no plan to gamble. Doing gambling has it's own risk but spending the money that shouldn't be used in doing gambling is an additional pressure that can be also converted to risk.

One reason why we do gambling is to earn money but on a perspective on doing gambling because a gambler need to pay a debt is not good reason to do gambling. You can make quick money on gambling but it doesn't mean that you should do it especially if the money you have shouldn't be used on gambling.

A very big mistake.
I won't recommend doing this. Gambling is not something we run into so that we can fix our problems. Worse, it will add more problems to us just like what happened with your friend.
The winning chance is so low that we would rather pick another way to risk our money. Gambling is a high-risk, high rewards kind of thing, and sure, it could be a solution if you get lucky but at what expense?
Sometimes our minds are clouded by the offer that it brings but when we start gambling we will know that there's no such thing as winners in gambling. Most of the time we are losers because if we are not losers then the business could not run anymore. That's reality. They will take our money without any remorse. This is the reason why gambling should be for entertainment purposes only, not something that could save the day. I've seen situations that are the same as your friend and all I could say is they also made a big mistake afterward. There's only a small amount of people who are successful at doing this. The lucky ones.

Without realizing it, he had fallen into a hole which created new problems, gambling is not a place to get money instantly, but gambling is a place of entertainment where you can get money if you are lucky. The hope of getting money or wealth instantly has caused the money that should be used to pay the house installments to disappear instantly, this thought needs to be avoided to prevent new problems from arising.
When you are in a tight situation, you need to prioritize common sense in order to maintain financial stability. There are many other ways to earn extra money than taking risks by dancing on a double-edged sword.

We can't blame them, but in sad reality, this is what the people who own a gambling establishment or online casino are taking advantage of. They are taking advantage of the people's desire to have a lot of money through gambling and also of the desperation of the gamblers. and the OP's friend is one of the examples of gamblers who become desperate, and the only option he thinks is to gamble, even knowing the risk of losing money. Imagine the pressure and feeling of losing money from gambling, and worst of all, that is the only money you have left. Did the example do it right? Why would you risk your last dollar? In a bad situation, the feeling would be crashing for that gambler, but it's his fault he risks it, and then he pays for the consequence. So the important advice here is that if you are desperate to have money, then stay away from gambling because it will bring nothing good.

It would really be that a suicide if you do make it as an option on which it would really be just make things even more worst. Unless, if you would really be that lucky on that time then you might be able to pull out.
This is why it would really be that best that you shouldnt really make gambling as your option on trying out to pay up some debts.  Instead on making out to resolved the problem it would really be making it worst.
This is why it would be ideal that you should really be looking for some alternative solution for such problem rather than making gambling as your last resort. Its not ideal and it is really just that suicide.

I have those kind of thoughts back in the past when i do have some due dates but i havent made myself my emotion controls me because on the time that you would really be having those kind of
solution seeking in a bit on a desperate way you would really be ending up even more deeper problems. It is really just that impossible that someone cant really be able to mind off about those probabilities
on which you do really make your own choice whether you would really be that trying out to proceed on or wouldnt really be mindful about its effects.

The lesson we can get from your friend's experience is the same old lesson that we've been reminded of again and again. And that's never to gamble what you can't afford to lose.

I don't understand why people gamble what small amount they have simply because it's not enough for an expense. To gamble it is to lose it. So rather than gambling, one should find ways to make more money. Gambling is not designed for gamblers to make money whenever they need it. It's designed for gamblers to transfer their money to casinos.

Desperation doesn't necessarily mean losing reason.

I didn't mention any solutions, but rather the common behaviors exhibited by most gamblers. Often, the remaining money they have is used for their desire to continue gambling, which is a significant mistake they tend to make. This kind of problem is quite common among gamblers.

The story sounds like one of the typical ones people make up in this section, but since I can't know for sure it's a fabrication I'll take it for granted.

Of course, if you are having trouble paying your monthly mortgage the last thing you should do is gamble as a way out of your situation. Most likely with a very high probability is that it will end up even worse, as it seems so from what the OP says.


That's right, the solutions you mention are good options, and leave gambling as an entertainment that in a specific moment can give you extra money, but not as a way out of your problems.

Well, that's one major way of getting yourself into a serious debt trouble. It's a trap, everybody know that, but there actually some people who gamble with the devil because he's been in a huge debt that having another debt to pay the other is not feasible anymore.
It's either a win and pay off debts or another dead end.
Totally not advisable.
Gambling debts are the worst debts of all. Others perceived it as the only salvation to pay off all debts.

If you have debt, you should not think about making money from gambling because that is not a solution to making money. It will only make you more frustrated when you lose because gambling is not a place to make money. You should look for a job that can make money to pay off your debts so that you don't lose money because of gambling.

By gambling, you will have difficulty winning, let alone making money, so that is not the way to make money. We have to remember not to think about gambling so we can have money because we can lose money from gambling.