Pay off DEBT by do Gambling? think again before you loss more - page 2.

bakasabo

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Quote from: slapper on February 25, 2024, 11:59:24 AM

Quote from: bakasabo on February 25, 2024, 05:58:25 AM

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.

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

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.

OceanBit

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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.

ethereumhunter

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Quote from: taufik123 on February 25, 2024, 05:30:24 AM

Borrowing money is never allowed to play gambling, especially if you don't have any guarantees and just gamble without having knowledge in gambling.
I don't know why people who come to gambling with borrowed money always get lost in the end, this is also due to mental problems, and they become too addicts without realizing that they are wrong.

Borrowing money from loan sharks and playing gambling and losing, it will only become a new burden and have to pay off the debt along with interest.
This will only stress them out, in fact it is not the gambling platform that is wrong and dangerous, but the mindset of the person using it.
Online gambling sites have warned and are not responsible for all kinds of losses, losses and more extreme levels, they only provide gambling games for everyone with a predetermined age limit.

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.

Iroh

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Quote from: Gormicsta on February 25, 2024, 04:07:15 AM

This is a fact that a lot of people have failed to put into consideration. If a person is struggling to pay their bills or meet their basic needs, then gambling isn't the best option for them, I know for some reason, gambling might look like the best way to multiply your money and then use it to pay off your outstanding bills. But this is the worse lie anyone can ever tell you, sometimes we even tell ourselves this lie, please whenever you feel that way, get rid of the thought else you might end up worsening your current situation by incurring more debts for yourself.

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.

tusandii

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Quote from: junder on February 25, 2024, 10:02:25 AM

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...,

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.

slapper

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Quote from: bakasabo on February 25, 2024, 05:58:25 AM

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.

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

junder

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Quote from: macson on February 25, 2024, 06:15:08 AM

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.

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...,

stadus

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Quote from: bakasabo on February 25, 2024, 05:58:25 AM

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.

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.

macson

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Quote from: Negotiation on February 25, 2024, 05:18:21 AM

Quote from: Getmon on February 19, 2024, 01:10:44 AM

Borrowing sums of money and not paying on time as promised is disrespectful. It is a virtue to be consistent with our words and not become abusive, particularly to individuals who showed concern, for instance, the lenders.

Perhaps teaching ethics and good morals to their kids is not normal in certain families. I also recommended that it ought to be taught by parents and early school so that kids become honorable when they grow up raising families and laying out connections with others.

Gambling is only one of the choices we have to enjoy while likewise getting the chance to bring in money. So, getting cash in wagering is by chance and not an assurance.

I think it is nothing but foolishness to expect another chance through betting. Accurately guaranteeing a win in a bet is difficult borrowing money that will be difficult to pay back on time can lead to a lack of transparency in the relationship and lead to false expectations between the two parties. Many people lend money to friends or family they agree to proceed on an honor system simply trusting that the borrower will pay them back in due course. But when they can't give back there is conflict in the relationship. Then his influence on the whole family.

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.

bakasabo

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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.

TheUltraElite

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Quote from: Gormicsta on February 25, 2024, 04:07:15 AM

This is a fact that a lot of people have failed to put into consideration. If a person is struggling to pay their bills or meet their basic needs, then gambling isn't the best option for them, I know for some reason, gambling might look like the best way to multiply your money and then use it to pay off your outstanding bills. But this is the worse lie anyone can ever tell you, sometimes we even tell ourselves this lie, please whenever you feel that way, get rid of the thought else you might end up worsening your current situation by incurring more debts for yourself.

Gambling seems to give broken people a false hope which is normal in their mindset when they are not thinking straight and logically. While someone might play more and lose even more, others might be able to control their wrong mindset and actually survive out of the hellhole they are in and come out a wise man.

It all how we face the lives, bad ways of living tend to come in when times are bad and these need to tackled carefully with a strict mindset. Its tough but getting over the temptation of gambling to make money is possible.

I have seen both types of people from casino chat boxes and in real life. Good things are possible and that hope should never die that something better is waiting for us, we should be careful about the risks we take.

taufik123

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Quote from: ethereumhunter on February 25, 2024, 04:18:38 AM

-snip-
While they borrowing money from other people fills their needs or because of other reasons, they can search for a side job that can give them money to pay the debt. If they already have debts, they must search another job that can give them money. People must not use gambling to make money, especially to pay the debt. That will gives more problems to them.

Borrowing money is never allowed to play gambling, especially if you don't have any guarantees and just gamble without having knowledge in gambling.
I don't know why people who come to gambling with borrowed money always get lost in the end, this is also due to mental problems, and they become too addicts without realizing that they are wrong.

Borrowing money from loan sharks and playing gambling and losing, it will only become a new burden and have to pay off the debt along with interest.
This will only stress them out, in fact it is not the gambling platform that is wrong and dangerous, but the mindset of the person using it.
Online gambling sites have warned and are not responsible for all kinds of losses, losses and more extreme levels, they only provide gambling games for everyone with a predetermined age limit.

Ever-young

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Quote from: Latviand on February 25, 2024, 05:07:59 AM

Stupidest thing that you can do honestly, what did you expect that you're like those other people that was able to gamble away all of their money and win to payback their debts? That's probably the easiest mistake that you can avoid but it's funny to me that there's still some people that are falling for this kind of trick, I guess when you're so desperate you don't think right and you're moving and deciding things too fast because you feel like it's the end of the world for you so you take the riskiest but the shortest route to getting out of debt, it's sad but you can't be too soft on people that commit these mistakes, they're probably in too deep and they know that they have to get into it.

I believe you are correct; people in tough times may believe they have no other options and so take risks they would not ordinarily take. They may be nervous and anxious, which prevents them from thinking clearly about the ramifications of their actions. And sometimes the temptation to recover lost funds or get out of debt can be overwhelming, clouding someone's judgment. So it's not that they're stupid; it's simply that they're in an awful situation and are looking for a way out. Most people in the same situation would consider doing the same thing.

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Quote from: Getmon on February 19, 2024, 01:10:44 AM

Quote from: pinggoki on February 19, 2024, 12:14:15 AM

That's probably the worst thing that you can do, gambling so you can pay off your debts is a sure fire way to destroy your life and burden yourself with even more debt. I hope that this person didn't have that much debt though, I feel like people really need to understand that debt is a really heavy obligation and that people shouldn't just go on and ask for it or give it to someone because you're borrowing trust too if you're the borrower and the lender and it's really a hard thing to be a lender because you know that the money isn't going to go back anytime soon. Maybe we really need to teach the young people about debt because I do believe that if we instill a rule or principle early on their life, they'll be able to bring that until they're an adult, they're like a blank canvas at a really young age so it's a good idea to do so I think.

Borrowing sums of money and not paying on time as promised is disrespectful. It is a virtue to be consistent with our words and not become abusive, particularly to individuals who showed concern, for instance, the lenders.

Perhaps teaching ethics and good morals to their kids is not normal in certain families. I also recommended that it ought to be taught by parents and early school so that kids become honorable when they grow up raising families and laying out connections with others.

Gambling is only one of the choices we have to enjoy while likewise getting the chance to bring in money. So, getting cash in wagering is by chance and not an assurance.

I think it is nothing but foolishness to expect another chance through betting. Accurately guaranteeing a win in a bet is difficult borrowing money that will be difficult to pay back on time can lead to a lack of transparency in the relationship and lead to false expectations between the two parties. Many people lend money to friends or family they agree to proceed on an honor system simply trusting that the borrower will pay them back in due course. But when they can't give back there is conflict in the relationship. Then his influence on the whole family.

KiaKia

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Circumstances have lead some people into gambling and it ended up favouring them, some people have faced some challenges in their life and trying their luck with gambling is the only thing they can do and it ended well, the few I knew about are people who don't want to gamble, but at that point in time they don't have any choice and it still paid them.

It's like something in gambling is spiritual, who look straight into the heart and reward those who don't want anything else from gambling but just a single way out at the very crucial time, I am not encouraging you to go gamble, you can still lose even if you are gambling because you have no other ways, all I am trying to say is that miracles do happens when you least expect them.

I would advice against paying debt with gambling, the example I dropped is about few people who aren't into debt but needed a way out, they got lucky and they never return, they understood the risk but they don't have any choice than to take it, the greedy get crushed hard as a gambler and those who took it less serious get more lucky.

Latviand

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Stupidest thing that you can do honestly, what did you expect that you're like those other people that was able to gamble away all of their money and win to payback their debts? That's probably the easiest mistake that you can avoid but it's funny to me that there's still some people that are falling for this kind of trick, I guess when you're so desperate you don't think right and you're moving and deciding things too fast because you feel like it's the end of the world for you so you take the riskiest but the shortest route to getting out of debt, it's sad but you can't be too soft on people that commit these mistakes, they're probably in too deep and they know that they have to get into it.

Mauser

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Quote from: Ludmilla_rose1995 on January 30, 2024, 06:58:07 PM

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

This is a sad story, your friend is clearly struggling to make enough money to pay off his house and wants to borrow money. As a good friend you should have tried to help him, even if you don't give him money. Just sending him to another friend and try to get money from him is not really helpful. Of course gambling is not a method to pay off a loan. You take out a loan if you don't have money, why would you then go into gambling if you have no money in the first place? It would be much better to try and increase your income through work, because that is going to lead to a reliable source of income. When it comes to go gambling, there is nothing reliable, everything is based on chance, we can either win or lose. But our loan we will always have to pay back and this could only lead to losing our home if we can't afford the monthly installments. At least for me, I would only consider gambling if I actually have money for that. If we can't afford to lose the money that we already have, that it's better to stay away from the casino and first save money to pay off our debt.

ethereumhunter

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Quote from: wxa7115 on February 24, 2024, 09:52:17 PM

Many people are that irresponsible, right now we live in a culture that is always looking for a quick fix to any problem, so if a person is lacking money, instead of thinking about decreasing their current expenses or learning a new skill which could allow them to get a better job.

What they want is to solve their problems as fast as possible, and they think that gambling can be a way to do this, since gambling could allow them to get enough money for their needs with relatively low effort and do so rapidly, but this is a naive view, since it is way more likely they will lose their money and aggravate their problems instead.

No doubt for that. People will search for the fast way to have money but they are use a wrong way. If they use gambling to make money, that will not always happens because they can lose all of their money without have a chance to make money. They should considers to pawn some of their goods to gets a loan so they can have money. That will help them to have money while they don't have to lose their money in the gambling.

While they borrowing money from other people fills their needs or because of other reasons, they can search for a side job that can give them money to pay the debt. If they already have debts, they must search another job that can give them money. People must not use gambling to make money, especially to pay the debt. That will gives more problems to them.

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Quote from: GideonGono on February 23, 2024, 12:24:28 PM

Quote from: Ludmilla_rose1995 on January 30, 2024, 06:58:07 PM

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

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

This is a fact that a lot of people have failed to put into consideration. If a person is struggling to pay their bills or meet their basic needs, then gambling isn't the best option for them, I know for some reason, gambling might look like the best way to multiply your money and then use it to pay off your outstanding bills. But this is the worse lie anyone can ever tell you, sometimes we even tell ourselves this lie, please whenever you feel that way, get rid of the thought else you might end up worsening your current situation by incurring more debts for yourself.

stomachgrowls

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Quote from: wxa7115 on February 24, 2024, 09:52:17 PM

Quote from: GideonGono on February 23, 2024, 12:24:28 PM

Quote from: Ludmilla_rose1995 on January 30, 2024, 06:58:07 PM

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

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

Many people are that irresponsible, right now we live in a culture that is always looking for a quick fix to any problem, so if a person is lacking money, instead of thinking about decreasing their current expenses or learning a new skill which could allow them to get a better job.

What they want is to solve their problems as fast as possible, and they think that gambling can be a way to do this, since gambling could allow them to get enough money for their needs with relatively low effort and do so rapidly, but this is a naive view, since it is way more likely they will lose their money and aggravate their problems instead.

Just let them be on which they wont really be able to make themselves able to learn those lessons on the time that they wont be able to experience those hardships.Its not necessary for you to experience first before
you would really be making out such actions but it would really be that always best to avoid it at all cost and dont let it happen but since people doesnt really learn up so easy then this is why they do mess
up along the way. Paying debt by doing gambling? It is really just simply a suicide and its never been that recommended on doing so. It is really just that there are people who do make themselves getting blind
and dont really avoid on things and they are really that neglecting about those risks.

We are really that putting our selves on huge risks if we do make use of our last money to gamble and hoping that it would be making it big and be able to have solved those problems
which it would be too risky. Chances on busting up is high,so its not really recommended.

Topic: Pay off DEBT by do Gambling? think again before you loss more - page 2. (Read 1777 times)