Topic: Pay off DEBT by do Gambling? think again before you loss more - page 13. (Read 1777 times)

Gambling is not for everyone, I have had lot of terrible experience while gambling in the past so as I am now, it is ultra difficult for anyone to convince me to start gambling again due my ugly experience I have had in the past, but that's by the way, when as an individual you bet with what you cannot afford to lose in the name of you want to pay of your debt, I can bet you that you are venturing into more difficult situation, because betting a money you cannot afford to lose is very bad and it has it disastrous effect on you as a person, and most of the suicide case we have heard concerning gambling is always trace down to gambling what they can't afford to lose, which they will eventually take their own life because they don't know how to face that ugly situation in their lives.

It is often seen that if we think of getting some financial gains from gambling like paying off the debt or getting some extra money for our expenses through gambling, the gamblers usually end up losing instead of winning. I do not know the reason for this as maybe the gambler has too much burden on him that he has to win and due to this, the good luck never favours him and he ends up losing his capital.

Alternative to this, some gamblers we see have no such winning target or financial needs, they just go out and gamble randomly and such people win also. I do not understand if the free mind has something to do with the good luck  

I have always heard stories here that someone gets a loan to gamble and he loses. I never heard a successful story of a gambler getting a loan, winning, paying off the debt and keeping the winning profitable amount with him. Either people do not want to disclose when they are winning, or maybe people never win in this situation.

A great lesson for your friend. The best teacher in this life is experience. Sometimes people deliberately do some certain things which is naturally not good in hope of achieving U realistic dream, but blame devil for their ignorant. What he did was intentional, he knows that the chances of winning is 50 /50 yet he went ahead. I believe with this experience he will not try it again except he is not yet terrified about it. It is advisable to pay off any outstanding loan and be free from it before gambling. Gambling is a game of luck and not a do or die affairs. So let learn to do what is Wright at the right time to avoid stories.

Again, it's all about risk, and as in your friend's situation, his back is against the wall and he only thinks that gambling could only be the way out. Unfortunately for him, the result didn't go his way. However, there is this one legendary story and I think it has been shared it already: The Founder Of FedEx Saved The Company From Bankruptcy With His Blackjack Winnings!. This is probably one of the exception, but I guess your friend and others have horror stories gambling in hoping that they will double their money and so at least they will be able to pay their debts. But in the end, this is a lessons to everyone that gambling is not the way out for the majority of us.

There is a very simple rule: you cannot risk what you have and what you need for your existence in order to acquire excess. This is one of the wise rules of risk management. If we take the money we need to buy food, pay for utilities, or pay for school fees and start putting this money at risk, then sooner or later we will lose everything.
     Yes, there is a small chance that we will win. But as a rule, this is also a bad scenario. After such a win, a person gets excited, which leads him to even more disorderly trading. The worst thing, although it sounds paradoxical, is when a beginner gets lucky several times at the very beginning. You know, this happens often. The newcomer begins to believe that he is God and will always be lucky. Most likely after this he will lose everything.

That is really not a good decision he made, I mean it just like you have said the chance to win is very small. Besides that he just lost all of it instead add the sum of his money to pay the debt he will now own nothing.
and I do believe know he had some depression lost in gambling but the debt still there.

Is he have gambling addiction?

Exactly. We should not rely in gambling to pay our debts because it is a game of chance, quite risky and there's no assurance to double your money. That particular guy put himself into a worst situation for using the money in gambling because he do believe he can double his money in snap.

The first rule is only use the money that you can live without. Therefore we should not be too hopeful when we gamble our money. This is, if you really know what you're getting into and aware how it works.

Many people who struggle with gambling addiction often ignore important messages like this one. Despite reminders that gambling is not a sustainable way to pay off debts, bills, rent, and other expenses, they continue to gamble in the hopes of making quick money. Rather than seeking alternative sources of income and saving the money they have, they gamble it away, hoping to double their winnings. Unfortunately, this often leads to losing all their money and having nothing left to show for it.

Paying debts using winnings from gambling is fine but trying to pay debt from gambling is a big mistake. These are two different cases and the case in this topic is not the one you wrote that I've bolded but the rest is good. Perhaps you did not mean to say like that (the one in bold) but you made like that paying debts from gambling winning is bad while it is not bad because we are free to use our winning from gambling for anything.

People often think in the short term when deciding to gamble to increase the amount of money. They think that by gambling, they can win a lot of money. They don't realize it will only make them lose all their money.

The story above is an example of not using gambling to make money. It won't always go the way we want. We'd better look for a job that can make money. Or we can sell personal items to meet emergency needs. If you want to gamble, you should allocate a certain amount of money and not aim to make money.

We can lose all the money by gambling and not be able to make money. That will just mean we can't do anything with the money. And in the end, we will regret having lost all the money.

For me it's always been about fun, and wanting to feel the feeling of winning, no matter the amount really. Recently tho, I acquired some FUN, since it's the closest I can get to owning a part of Casino atm, so I guess there are elements of investment in my gambling now too.

Indeed, gambling is not a solution to overcome the problems experienced. Regarding this, surveys have proven a lot. More than the many experiences that have been experienced by people who dare to take risks to solve their problems by gambling with the thought of winning big, the results are quite a few who become increasingly problematic because they fail to win as planned.

Owing money to other people is strictly prohibited if the aim is to play slot gambling where the system has been regulated. Even going into debt for trading is also something that needs to be avoided if you don't want problems one day, even though trading can still be done with a strategy that has been mastered by the trader.

The pressure will increase if the courage to take risks like this is not appropriate.

Those people thinking about that must be crazy since how can they pay their debts if they lose their money from it its like double black eye to their problem since instead they pay their debt thru the money used for gambling  they lose it.

And to much desperation can cause a lot of troubles that's why I guess its really better not to make that people lend anymore so we can save them for more troubles also he can learn a lesson for what he do as well he realize that he should never do this action again. Also we should never let our debt sleep and we should pay it on time specially if we have money so that we would never get any huge problem with that issues.

It appears that he has resorted to gambling because he needs quick cash to pay off his debts, and no one in your group is willing to lend him the money he needs. Therefore, he has chosen to try his luck in the hopes of winning some money.

I understand that lending money to a friend to pay off their debt is not a good idea as it can lead to more debt. If someone were to ask me for money in such a situation, I would also decline. Instead, I would seek help from our mutual friends to pool money and assist the friend in need. This approach prevents them from resorting to gambling as a solution to their financial problems.

I'm sure that person has been addicted for a long time because he failed to pay the rent of his house every month so that when it was due he went back and forth looking for a loan but with a little money in his hands there was hope that playing slots could multiply it, so it was excessive.

Gambling will not help you financially, you will lose, so some people gamble for fun, not for sudden needs, so that's the wrong mindset for some people, including your friend.

I often encounter people like this and sometimes borrow money from friends with big capital to play slots in the hope that he can win big, but that fact is wrong.

Once,, again gambling with ready to lose and you should be happy if you win or lose because this is part of the fun.

Well, in the last few months in my country, many people from my country have constantly appeared on the news channels in my country committing suicide because they borrowed money and went to play aviator and lost everything. The police in my country are investigating these cases, but from what I could understand is that these people who committed suicide because they took out a loan and played in the aviator and lost, they were police officers, so the government of my country will not investigate too deeply so that Don't be ashamed. This is probably because the person giving the loan must be a high-ranking police officer with great influence in the world of crime and he probably threatens the people who take the loan with him.

This would be the only acceptable explanation for why there are many suicide cases involving police in my country and in loans and gambling. It is a very serious and regrettable situation, just 4 days ago another case of suicide involving a 23-year-old police officer who took out a loan and took all the money and threw it in the aviator and lost everything, then wrote a letter to the family in which He apologized and killed himself, in the letter he confessed everything, but I highly doubt that the police in my country will investigate this. These are clear cases that show that in Gambling you should only play with money that you can afford to lose

Sometime people can be so naive in their ways of reasoning and I don't know the kind of sense they have to go loan some certain amount to gamble think some nice slice would get out of it or whatever, why can't they reduced their trust and zealousness to receive additional profit from gambling while they knew very well that gambling isn't a game to be trusted with a whole heart without at least showing itself over time in a man's life.

but there is something i have heard, someone pays off their debts by gambling, but the percentage of people like that is very small, however, trying to pay off debts by gambling is a risky act, you will only be depressed because of your great desire to win and things like this which makes you blunder, instead of winning you fall deeper into the debt trap.

what @oshosondy  said is very true, gambling should only be done for fun. if you gamble for the purpose of making money then your chances of success will be very small.

Your friend is in sane needs to be properly brought about gambling who told him gambling works that way where he would go borrow to gamble and expect to win something very large to cover up his expenses and house rents, who does that?
Did he know the implications of losing the whole money to gambling site or does he really plans to pay back the borrow from his friend, I know too well that he could be looking for elsewhere to go borrow money to continue gambling.

Desperate moves comes with unfortunate outcome, its always the same, much worst is he do it with gambling. Trading or doing it with business will have more better results than gambling.