Topic: Pay off DEBT by do Gambling? think again before you loss more - page 14. (Read 1968 times)

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.

Gambling should be done not to make money, it should be done for fun. Most people that are addicted want to use gambling to make money is there problem and some of them are not in desperate need of money until gambling has collected enough from them. If you want to try and make money from gambling, do not go beyond weekly budget of 1 ro 5% that can not affect you emotionally and financially if you lose it.

These are the silly mistake people regularly do because they thought gambling is bed of roses without knowing they are risky more besides why not he used that money borrowed to go sorts out his rent than going to put into online slot where he can't give any account of the money borrowed from someone. We often gives ourselves unnecessary pressure because you can't how possible you could win from the gambling if at all there is a chance to win that very day.. what gave him that right or boldness to gamble thinking to double the money?

Taking gambling to means a way of getting financial help is a big risk in itself and anyone that takes such rout will always end up in more loses that he can recover from, so for that hard it been that your hanging out friend have savings he would have also gamble it away just the way he did in this time, and not only your friend but so many other people act this way, by taking gambling to become they means of getting out of financial problems which have proven to be a bad step since there is no assurance of winning the bet.

I don't and I can't take gambling to mean what it is not, just like I have always said, gambling should be done for fun and that is why you must stake an amount of money that you can afford to lose, so why then will someone who is already indepted want to gamble, I think gambling at that point will drag him into more loses on the long run.

There’s nothing wrong with gambling to make money; in an ideal world, people generally gamble to make or earn money. The biggest mistake would be gambling because you desperately need to raise some funds; you will make many misjudgements and end off worse

This story of yours about your friend actually reminded me of years back when my brother used his school fees to play gamble and there was no way for him to ask my dad for money because my dad has already given him money for his textbooks and handouts including his allowance for the month, so he called me and explained to me about the challenge he had so i actually gave him some money but he used it to chase his school fees loss and he still losed the more and that was how he has been borrowing money from his friends and tried to recover the school fees money but to no avail so what this situation is trying to let us know is that one shouldn't chase losses as you might keep losing more should you continue and one shouldn't borrow money to cover up a debt as you might run into series of debts while trying to settle your initial debts through gambling.

pay debts using gambling winnings. the debt is not paid off but the debt is getting more and more. because gambling is not a job that can make money consistently and continuously. of course, because it is not a job and the source of income cannot be relied on to pay debts.

For you to gamble, you need a complete output of your sense. Your mental health has to be perfectly alright as well as other senses of that culminates into a healthy balance. If, for any reason, you are under pressure, you are most likely to make irrational decisions and losses will be incurred.

If you want to pay off DEBT by gambling, as long as you are under pressure to pay off debt, there are tendencies that you will loose the capital.

I have a friend back in school that told me he used his school fee money to gamble because he wanted to double it and use the profit for big boy things. He gambled all at ones and lost it all.

We heard on this forum about a school person that gambled with his school fees. He lost and killed himself.

It is not good to gamble because you want to earn money.

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