Topic: Pay off DEBT by do Gambling? think again before you loss more - page 2. (Read 1968 times)

I really think that because when you gamble you have a chance to get your money back, this makes many people to see gambling in a different light and they believe they can make money with it, but when they think about any other hobby, the thought of trying to obtain profits with it never crosses their minds.

But this tendency can be very dangerous, because even if it is possible to make some money occasionally, we know the majority of the gamblers out there cannot get those results in a consistent way.

Gambling should really be just that for fun and not something could be used to make it as a source of income or the thing that could solve out your debt problems because its never meant to be on that way on which it is really that very wrong on having that kind of treatment towards gambling. Its really just that created for some leisure or past time and not really that having those debt issues or problems. On the time that you would really be doing such stuff, instead on resolving out such debt problems you would really be able to make it worst. We do know that odds and chances on winning up yourself with gambling is something that you could really be able to assure with. This is why it would really be always that ideal or wise that you should be having those realistic approach rather than on making yourself that something delusional.

Its a must thing to consider but we've seen surprisingly into those people who had been that making such stuff or decision towards gambling is really that taking up such further step which it isnt really
something that should be done in the first place. People would really be only making out those realizations on the time that they would really be experiencing issues on the time that they
do able to face up the reality.

This is the way you should be doing it anyway. When you want to have some fun, you gamble for fun and that's like some hobby, like you spend money on hobbies. Most people watch netfix, disney plus, hbo max, go to cinema, and some just gamble. This should be your expense, but nothing more. If you end up doing it like an addiction and for a long time then it would definitely be something different.

This is why we should try to avoid it as much as we possibly can, it would make a lot more sense that way. I believe that the best thing to do in this case would be just avoiding all of this and we could definitely end up with a lot better result eventually. This should be the thing that gets you the best out of gambling.

The irrationality that comes with financial pressure can be a very dangerous thing, especially when you're completely out of options, it is very easy for anyone in that state to start making wrong decisions, especially when desperation sets in.
When a gambler gets to this point, gambling becomes a very big problem. Due to the financial pressure especially from debt, they start seeing gambling as a one way ticket make extra money to repay the debt but in reality it's more of a wolf in sheep clothing, it may seem like a solution but in reality only there to create even more problems for you and put you in a lot more mess than you already are, at that point, you view gambling as your savior when it's likely to make their financial situation even worse than it already is.

In the event that you've got a lot of time on your hands, you're going to want to make sure that you've got a good understanding of what you're doing and what you're doing.

On the other hand, you seem to have quite a big responsibility in the family so you can't focus on other things like gambling besides taking care of all the needs in your family, and that means you are one of the people who understand the circumstances and situations where if you gamble especially with too large amounts then you will not be able or have problems in terms of meeting the needs of your family's life, and I say that you have a pretty good self-awareness friend so that gambling really doesn't bother you especially in terms of financial balance.

Gambling in moderation is an approach that is always recommended as well as without putting any hopes or expectations on the final result, and of course it is very unlikely for someone who wants to pay off debt by gambling, I will also not say that there will not be anyone who succeeds, but what is certain is that it is very difficult and there may only be 5 people who succeed out of 100 people trying it.

This kind of thinking or action is not the best thing, because it cannot be sure that you will get a lot of money, so it is a wrong step if you gamble on the grounds that you want to pay off your debts. But clearly the big possibility is that it will only complicate our situation more. It's true what you said, if it's lucky that even "if" then we can get a lot of money, also to get a lot of money or victory in gambling is based on luck, because in my opinion luck has a big role in gambling. Also luck cannot be forced to be able to come to us according to our own wishes it is very impossible, luck only comes once in a while and it also depends on ourselves whether we can make good use of that luck or even waste it. I agree with you that we should gamble with money that we are willing to lose and not use money that is intended for other needs. That's not the right thing to do.

Yes that's right, it must be emphasized that gambling is a means of paid entertainment and it is profitable for the company not profitable for the gambler Maybe a lot of people are losing money because they don't look at this side, where they only think gambling can make them rich in a short period of time In the event that you're looking for the most effective online casino you'll be able to find a number of the best online casinos in the marketplace and you'll be able to find a number of the best online casinos in the world.

No, not skilled. With me - I simply can not allow myself to gamble with large amount and lose. I dont gamble often. I have high expenses on my family. Which makes frequent gambling or gambling as a taboo in general. I can gamble from time to time, but I dont aim much on a result. But with what I have written above, this was just an example that sometimes, in rare cases, some people might have that little chance to pay off debt by gambling. I just wanted to say that there is a little chance to do that. Not like there is 0% chance that gambler will ever pay off his debt.

But many people like to commit suicide in such a way because their brain has been emptied by debts, exploiting this need, gambling creates all kinds of different conditions for gamblers to repay debts, suddenly, a debt that only takes a few years and a little borrowing to repay, it becomes a debt that affects future generations and even if borrowed, no one stands up to guarantee it. Gambling is a one-way street that only leads to deeper suffering, there is no philosophy of joy here

You are right, but the fact remains that risk takers will always take risks, this is not the very first time someone would turn to gambling as their last solution of getting money to solve a particular problem or to resolve a certain situation in their lives.
If you are very familiar with history, you should remember the story of the FedEx CEO, how the company was at the verge of declaring themselves bankrupt due to lack of funding, how the FedEx CEO; according to the story took the last $5000 the company had and traveled to Las Vegas where he used the money to play gambling, slot games I suppose, and how he luckily won a jackpot in the sum of around $25,000 or so, it was said that it was through this money, that the company came back alive, they started operation normally again and profit started coming in, and today, FedEx is known all over the world.

If the CEO had lost that $5000,  the company would have declared bankruptcy and closed down, a lot of people would have blamed the CEO for using the last $5000 belonging to the company to gamble, just like we now blame the gambler in the ops story for gambling to try to pay his dept, if he had won, I guess alot of us would have celebrated him, and called him a hero, same way the FedEx CEO was celebrated and called a hero for saving his dying company through gambling.

you are very skilled at managing your gambling, you are really able to minimize your losses when gambling, it is very rare to find gamblers who can make money consistently every week or day.
I'm one of those people who doesn't have good luck when gambling, especially when playing slots, I will lose big if I force myself or play for a long time, that's why I prefer to bet on football.
In my opinion, the percentage of people who are successful in paying off debt by doubling their money in gambling is only 10%, the rest are losers (you are in that 10%).

So if I have a $1000 debt, and I plan to gamble once a few weeks with little bets, let say $20, and make little number of bets, for example play 5 bets with 1.10 odd, which is isnt that hard to win and it will be $10 every few weeks. And I have years to gamble like that. Of course I understand that it will never be a 100% win ration, but still with self-control I will slowly payoff my debt. But you say that isnt acceptable? While for me it looks like I can slowly repay debt with such tactics.

It's important to remember that gambling should never be seen as a way to payy off debts or make money, but rather be seen as a form o entertainment. If ever you are in the situation of struggling to pay off debts, like what OP mentioned, opt for getting loans, selling valuables, or maybe find a part time work. It may not be as quick or easy as gambling, but these options are more reliable and less risky. It's important to set limits, practice responsible gambling and seek help if needed.

Even if people have collateral, they don't have to borrow money because there will be an interest that they should pay too when they want to return the loan money. People want to have money when they want to gambling so they think that borrowing money is the solution that they have. But that's not a good idea because borrowing money have its risk that they don't understand.

We never suggest to borrowing money and it's better to stay away from the loan sharks because they will used a high interest to borrower that gives problem to them. Yeah, stress will comes to the borrower because they thinks that the loan money that they must pay increased more than what they got. That's a risk for borrower so people really needs to stay away from loan shark and better to use the money they have to gambling.

In an activity that people are likely to have losses more than they have wins, it would suicidal for anyone to use gambling as a means to service or clear a debt.
Thinking rationally, it’s quite obvious that gambling is not a considerable path to follow in the pursuit of clearing a loan. But when people are in a fix and are under some pressure to repay a loan or to raise some money quickly, rational thoughts quickly fade away and they begin thinking irrationally. That is when gambling starts to look like a good avenue to make money quickly.

By the time you start thinking rationally again, you’ll be left with no more money in your pockets and likely worse off than when you stepped into the casino.

Your explanation quite good and in simple terms it assumed that paying off debt by doubling your money in gambling is not the best way, but it a quick way to mislead yourself into misery or you could say a bad future.
Gambling always called a place to lose money and if you are lucky the money will become more but it has condition, namely use money that you can afford to lose, not money that can be used for other needs.
Another understanding that gambling is business that provided for gamblers who want to have fun and provide profits to gambling owners and the profits given to gambling owners will be used to develop their gambling again so that it becomes bigger.

From the last explanation I said, it quite clear that otherwise would be possible for us to place our hopes on gambling to get more money and be able to meet the needs we want, including paying off debts.
Anyone must always remember how gambling works so that they don't have the wrong understanding in the long run.

It goes beyond smart and self-controlled. Understand the system. Gambling is designed to be addicting and let you think you're in control. It's illusion

And you think it's acceptable over years? Wrong. Slow-acting toxin. It may take time, but it's destroying your finances, mental health, and relationships. Using chance to fix what needs hard work and dedication is foolish. Online or offline, the trap persists. Only actual answer? Learn, plan, and face your debts. The only gamble that is worthwhile is that

all humans are certainly sensitive when discussing money or discussing money, not with other people with people of the same blood, this can be a problem that can have a big impact and even destroy relationships that were previously fine. i agree with what your mother said because with this, problems often occur with each other, and when these problems occur  everything will become awkward, of course this is not what a family wants. therefore  let alone gambling for other things that involve borrowing money even in the family,  it can be a serious problem.

gambling to pay off debts in my opinion is the wrong action, gambling will not completely solve the problem,  although there is a chance to get a win it is unlikely to be obtained as expected borrowing to pay off debts is tantamount to digging holes closing holes if they really want to pay off debts they must realize that to get money and pay off their debts they must work not gamble if they take action to gamble in my opinion it is the same action as killing themselves...,

It's bad if you don't have the skills to be profitable in gambling. Most of us probably are losing money in gambling. Therefore, as a general rule, it may be discouraged to take this high-risk venture to pay off debts, as most of the time, it will only create more problems. As gamblers, I'm sure we are well aware of our skills, unless we are being unrealistic and not admitting that we are not having a good journey. From there, we already know that this kind of method will not work for us.

The best way to make more money quickly is to venture into high-risk investments. Only if you consider gambling as an investment will you be able to make it a source of income; otherwise, it will be an expense or liability on your side.

my mother once said "so that relationships with family and friends last, never give them loans", i also still have a friend who hasn't paid his debt to me until now even though the debt has been going on since 8 years ago, he always says be patient, i'll pay it later, it's only a small amount of money but until now he hasn't paid it.  gambling to pay off debts is very risky, but borrowing money to pay off debts also carries a high risk of breaking up friendships.

Paying off debt or fixing financial issues with gambling - this is what I saw often when I was a kid. In 90s people were much more simpler or naive, than they are now. I have seen small local casino points open almost monthly. These places were full of people. Now I rarely see more than 10 persons in a casino where 100+ would easily fit. From that I can make a conclusion, that people either became more smart and did not use gambling to fix finance problems, or gamble online.

Imho paying debt by gambling isnt right, firstly because it supposed to be a quick solution, while quick solution often isnt the right solution. It is acceptable to pay off the debt by gambling, but if you do it on a distance of years, and you are good at self control. In other cases, it will lead to even more problems.