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Topic: Pay off DEBT by do Gambling? think again before you loss more - page 14. (Read 1777 times)

legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
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
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.
hero member
Activity: 616
Merit: 713
Don't joke with my Daughter
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?
hero member
Activity: 1022
Merit: 667
Leading Crypto Sports Betting & Casino Platform
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
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.
sr. member
Activity: 1778
Merit: 295

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

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
member
Activity: 196
Merit: 70
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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.
hero member
Activity: 616
Merit: 500
#SWGT PRE-SALE IS LIVE
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.
sr. member
Activity: 854
Merit: 278
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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

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.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
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.
full member
Activity: 1444
Merit: 156
#SWGT PRE-SALE IS LIVE
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
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