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Topic: Pay off DEBT by do Gambling? think again before you loss more - page 4. (Read 1777 times)

sr. member
Activity: 1190
Merit: 296
People who gamble with such a plan think that the financial loan they are taking will be paid off by gambling and they will do it in a very quick time. There is good reason to think that, the gambler thinks only positive at that time and he thinks that if I gamble using the amount of capital I have, I will win several times and use that money to pay off my loan. When they come to gamble with such a plan and lose money instead of making money, they realize that the reality is not what they had calculated. 
You don't have to think about only the positive side or only the negative side of the work, but there can be both positive and negative aspects of the work, and which one is more likely to happen, then you need to take such a decision. 

I always say that if we are in debt then we should pay off the loan first and once the loan is paid off then we should take that decision. I'm in debt but I lost money by gambling without paying the debt then no we couldn't pay our debt and we couldn't make money by gambling means then we both lose.

The chances of this coming true are very slim yet the gamblers think that they are going to hit it big in their next session and of course they are optimist when they go to the casino to play.We have a saying here for the gamblers as many of them are losers so we say a gambler is someone who enters the casino like a boss and exit from it like a street beggar.So yeah no sounded logical person would ever take a loan to gamble and to pay debt with that money.
Earning money in all other professions is somewhat difficult and time consuming but gamblers think that it is possible to earn money in gambling without any effort that's why they choose gambling as their only source of income. If the gambler thought that he had the prospect of earning money as well as the possibility of losing money, he would never have made such a decision. I think people who are in debt should not gamble at all. If a gambler is in debt, subsequent gambling will only increase his debt, but he will never be able to pay off his loan if he gambles. Yes of course it is true that the gambler risks his own money but we can say what is right and what is wrong and that is what we are saying here. We may be able to discuss what is right and wrong but it is entirely up to the gambler what he wants to do.
legendary
Activity: 3136
Merit: 1233
Leading Crypto Sports Betting & Casino Platform
People who gamble with such a plan think that the financial loan they are taking will be paid off by gambling and they will do it in a very quick time. There is good reason to think that, the gambler thinks only positive at that time and he thinks that if I gamble using the amount of capital I have, I will win several times and use that money to pay off my loan. When they come to gamble with such a plan and lose money instead of making money, they realize that the reality is not what they had calculated. 
You don't have to think about only the positive side or only the negative side of the work, but there can be both positive and negative aspects of the work, and which one is more likely to happen, then you need to take such a decision. 

I always say that if we are in debt then we should pay off the loan first and once the loan is paid off then we should take that decision. I'm in debt but I lost money by gambling without paying the debt then no we couldn't pay our debt and we couldn't make money by gambling means then we both lose.

The chances of this coming true are very slim yet the gamblers think that they are going to hit it big in their next session and of course they are optimist when they go to the casino to play.We have a saying here for the gamblers as many of them are losers so we say a gambler is someone who enters the casino like a boss and exit from it like a street beggar.So yeah no sounded logical person would ever take a loan to gamble and to pay debt with that money.
sr. member
Activity: 1190
Merit: 296
People who gamble with such a plan think that the financial loan they are taking will be paid off by gambling and they will do it in a very quick time. There is good reason to think that, the gambler thinks only positive at that time and he thinks that if I gamble using the amount of capital I have, I will win several times and use that money to pay off my loan. When they come to gamble with such a plan and lose money instead of making money, they realize that the reality is not what they had calculated. 
You don't have to think about only the positive side or only the negative side of the work, but there can be both positive and negative aspects of the work, and which one is more likely to happen, then you need to take such a decision. 

I always say that if we are in debt then we should pay off the loan first and once the loan is paid off then we should take that decision. I'm in debt but I lost money by gambling without paying the debt then no we couldn't pay our debt and we couldn't make money by gambling means then we both lose.
hero member
Activity: 644
Merit: 592
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
No doubt, gambling is risky, and it is the reason why it should not be an option for those who are looking for money desperately. If not, they will rather lose more instead of making that money. Gambling is such that is not so friendly when it comes to emotion, and desperation is part of it, it will only put pressure on you, and if you are such that is not relaxed enough, the feeling that you want the money so badly will always cloud your judgement and you will continue to make mistakes.

If you need money like that, sort it elsewhere, it is only a few people out of many who have been lucky enough to go scot-free in this regard. Can you imagine what the guy opted for, the slot games? That is the reason he lost the money, he didn't even give it the needed fight and thought. Slot games are not games that you rely on your belief and what you know, it is almost absolutely reliant on the luck of the gambler which makes it not the right door to knock in the time of desperation. Or else, you have a higher chance of losing that money.
hero member
Activity: 1498
Merit: 562
Leading Crypto Sports Betting & Casino Platform
Win big unexpectedly then pay off your debts.

But if that's not happening, don't be too hopeful that you'll get to fully pay your debt by gambling. It's a ridiculous decision if you're going to continue that.

Pay with your money, your salary or any income from your cash flow and gamble only with the spare you own not with something that's meaningful to you.

I'm not saying that you can't win because gambling always provides the opportunity to win in any amount to every gambler but the problem is that it's not easy to always be able to get good luck to succeed in getting a large amount of winnings, And another thing that is feared when you gamble with the intention of paying off debt is when it turns out that in the end the final session does not match what you want then it is very vulnerable for gamblers to end up with emotions, I mean it is difficult to ignore emotions when you put your hopes on winning, and what usually happens is that you actually fall because you cannot control the emotions in yourself.

Therefore I think it is better to, "pay off your debts first" and never assume that gambling can pay off your debts because most of the facts that happen are that you will even get more in debt because of treating gambling in the wrong way, because after all in gambling there is always no certainty that can guarantee you to win at the end of the session and what if it turns out that you lose more? therefore avoid silly ideas like this.
legendary
Activity: 2618
Merit: 1105
Tontogether | Save Smart & Win Big
This has been said many times, never risk the money that is necessary for your life. Get into gambling when you've got excess money after meeting all your end-of-month needs. There are people who risk the money required for different needs, lose it gambling, and once again start to borrow, ending up in debt.

This is commonly seen with people who consider gambling a way of earning money. Such a mindset needs to be removed. Here the situation of the person is the same; he should have paid the installment with what is available. Remaining, he should have arranged for some alternate choice. Now he needs to borrow more, take the pressure of paying it within the deadline, and think of repaying the borrowed money.
hero member
Activity: 2982
Merit: 678
★Bitvest.io★ Play Plinko or Invest!
Win big unexpectedly then pay off your debts.

But if that's not happening, don't be too hopeful that you'll get to fully pay your debt by gambling. It's a ridiculous decision if you're going to continue that.

Pay with your money, your salary or any income from your cash flow and gamble only with the spare you own not with something that's meaningful to you.
hero member
Activity: 2912
Merit: 556
That's right, being rich definitely means having a lot of money, but being successful cannot always be linked to money, there are also many people who are successful because they successfully graduated from higher education and so on.  anyway, we must avoid stories like this (pay off debts by gambling), it is impossible for us to be able to pay the debt that we currently have to pay by gambling, things related to psychology certainly have a big influence on this.  

debt is an obligation that must be fulfilled every month until it is paid off. we have been given a deadline so take advantage of it.  don't think that gambling will be the only answer to paying off debt.
Yes, that's true because success doesn't mean that we succeed in getting abundant wealth. But success is more about how we can have something difficult for other people to get. For example, having a good and secure job makes people jealous because we can get it while they can't. But it could also be that success is associated with gaining abundant wealth because if there is a person who previously had nothing but thanks to his hard work, that person now has a lot of money. That person has had success until he can earn a lot of money.

But are we paying off debt using gambling? It's difficult because instead of making money, we will experience more losses, increasing the amount of money we lose. If we want to pay debts while we don't have money, we should look for a job that can make money to get a salary from that job.
hero member
Activity: 2702
Merit: 704
This has to be one of the most common ways to lose money as well, people keep talking about how they are going to end up making money from it but we all know that mathematically it is impossible for someone to make money forever, even if you get some money quickly by getting a very lucky win, that just means that you are going to end up losing it all back if you keep gambling.

There are situations where people get super lucky, like get the jackpot, and those are lucky but those are one in a million and there is no way that we know you are going to be one of those people and you will probably end up losing it. This is why it should be important that we are checking what we are looking at, and we should find some other way to pay the debt off.
If those that have the plan to pay their debts with gambling, actually took the time to think about what they are doing and made a small research about it, they will realize very soon that their chances of success are not very good.

But even this is beyond most people, since they are not really interested in finding out the actual chances of their plan succeeding, what they want is of their hope of doing so to keep going, even if they should know better and they could have realized already that no matter what they do, paying their debts in this way is not going to happen.
full member
Activity: 1008
Merit: 141
Being rich and successful is subjective. For some they feel rich already if they have a couple of dollars. It also makes them feel successful because they achieved this kind of target. Then there's these people who thinks they are rich because they are free from problems. One of the activity they use to enjoy is gambling. Like my first example, this can also be considered as a kind of success.

An extra money is still part of our hard-earned money and many of us started with that but eventually we still go beyond our limits. So, it wasn't really about the amounts that we use but it's about our mental state. we need to follow practices that can improve it.
That's right, being rich definitely means having a lot of money, but being successful cannot always be linked to money, there are also many people who are successful because they successfully graduated from higher education and so on.  anyway, we must avoid stories like this (pay off debts by gambling), it is impossible for us to be able to pay the debt that we currently have to pay by gambling, things related to psychology certainly have a big influence on this.  

debt is an obligation that must be fulfilled every month until it is paid off. we have been given a deadline so take advantage of it.  don't think that gambling will be the only answer to paying off debt.
sr. member
Activity: 882
Merit: 355
Duelbits
It is not easy to win a huge amount of money from gambling; at least we have to get really lucky to achieve it. No doubt, with courage, perseverance, and a strong determination to take the risk, we can break that impossibility. But it is important to remember that it is a game, where the winning chance will be less than the losing rate. Thus, always considering the risks before plunging into such activities is essential.

When it comes to using borrowed money for gambling, it is strongly advised to abstain from such practice as it will surely lead one into the world of misfortune and a myriad of complications. This isn’t about a cat and a mouse but a snake pit where one gets into deep darkness and loses their way forever.
In order to prevent the adverse effects of reckless gambling, we should have the capacity to manage these activity correctly. When it is considered that all forms of gambling can lead you down a dark path, disrupting your life and financial equilibrium, it would be best if you opt out.
sr. member
Activity: 1890
Merit: 322
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
We should not make gambling as a tool to get rich or become successful because most likely it won't happen unless you are lucky enough to hit something big on it. That is why it is highly recommended to gamble with just extra money so we won't end up losing our hard earned money and our savigs or investments.
Being rich and successful is subjective. For some they feel rich already if they have a couple of dollars. It also makes them feel successful because they achieved this kind of target. Then there's these people who thinks they are rich because they are free from problems. One of the activity they use to enjoy is gambling. Like my first example, this can also be considered as a kind of success.

An extra money is still part of our hard-earned money and many of us started with that but eventually we still go beyond our limits. So, it wasn't really about the amounts that we use but it's about our mental state. we need to follow practices that can improve it.
hero member
Activity: 2996
Merit: 609
This is the mistake when you make gambling as an alternative to making money with the aim of paying off debts, what will happen is just the opposite, as experienced by the person you mean where instead of getting money but instead losing money and certainly cannot pay debts. As you said, gambling is not a job because there is no certainty for anyone to be able to win, and that means it really doesn't make sense to make gambling a place to earn, especially if your needs are urgent such as paying debts or other things.

On the other hand, this incident can be used as an example that it is indeed a fact that gambling cannot be used as a place to earn considering that there is absolutely no guarantee or certainty that can make you win at the end of the session, and what happens instead is that the situation will get worse where you lose some money and of course you will feel unusual pressure due to the urgent situation of debt plus losing money from gambling. Gambling should be a fun activity to occupy your leisure time without placing any expectations on winning because it is not easy to get lucky.
This has to be one of the most common ways to lose money as well, people keep talking about how they are going to end up making money from it but we all know that mathematically it is impossible for someone to make money forever, even if you get some money quickly by getting a very lucky win, that just means that you are going to end up losing it all back if you keep gambling.

There are situations where people get super lucky, like get the jackpot, and those are lucky but those are one in a million and there is no way that we know you are going to be one of those people and you will probably end up losing it. This is why it should be important that we are checking what we are looking at, and we should find some other way to pay the debt off.
Instead on making money, they would rather lose it all and make the situation even more worst considering that they would really be needing to repay the loan that they did make. This is why it would really be always that best that they should really be that thinking up responsibly on the actions that they are thinking. Who would really be on their right minds that they would really be taking
up some loan just for them to gamble on which they didnt really be able to think up about the potential risks that they could be able to experience?
It would really be just making the situation getting more worst and this is something that those people would really be that needing to realize for themselves
on whats good and bad for them.Its not really that hard to determine imho.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
This has to be one of the most common ways to lose money as well, people keep talking about how they are going to end up making money from it but we all know that mathematically it is impossible for someone to make money forever, even if you get some money quickly by getting a very lucky win, that just means that you are going to end up losing it all back if you keep gambling.

There are situations where people get super lucky, like get the jackpot, and those are lucky but those are one in a million and there is no way that we know you are going to be one of those people and you will probably end up losing it. This is why it should be important that we are checking what we are looking at, and we should find some other way to pay the debt off.
When it comes to making money from gambling, people make a big mistake in thinking they can make money from gambling more often than they would like. They can make money from gambling, but they will also experience losses that may be bigger than their wins. So they should not think about making money from gambling to pay off their debts because they may suffer more losses.

People who can get the jackpot will not get it too often. Usually, after they get the jackpot, they will experience defeat if they continue gambling so they can spend all their money, even with their winnings. If someone gets the jackpot, they should be able to stop themselves for a while and, enjoy their winnings and reduce tension after winning. But never try to make money from gambling to meet daily needs or to pay debts because that will make you lose a lot of money.
sr. member
Activity: 2072
Merit: 337
This is the mistake when you make gambling as an alternative to making money with the aim of paying off debts, what will happen is just the opposite, as experienced by the person you mean where instead of getting money but instead losing money and certainly cannot pay debts. As you said, gambling is not a job because there is no certainty for anyone to be able to win, and that means it really doesn't make sense to make gambling a place to earn, especially if your needs are urgent such as paying debts or other things.

On the other hand, this incident can be used as an example that it is indeed a fact that gambling cannot be used as a place to earn considering that there is absolutely no guarantee or certainty that can make you win at the end of the session, and what happens instead is that the situation will get worse where you lose some money and of course you will feel unusual pressure due to the urgent situation of debt plus losing money from gambling. Gambling should be a fun activity to occupy your leisure time without placing any expectations on winning because it is not easy to get lucky.
This has to be one of the most common ways to lose money as well, people keep talking about how they are going to end up making money from it but we all know that mathematically it is impossible for someone to make money forever, even if you get some money quickly by getting a very lucky win, that just means that you are going to end up losing it all back if you keep gambling.

There are situations where people get super lucky, like get the jackpot, and those are lucky but those are one in a million and there is no way that we know you are going to be one of those people and you will probably end up losing it. This is why it should be important that we are checking what we are looking at, and we should find some other way to pay the debt off.
hero member
Activity: 2786
Merit: 578
We should not make gambling as a tool to get rich or become successful because most likely it won't happen unless you are lucky enough to hit something big on it.
If there are gamblers that happen to become successful with gambling all of a sudden, that's okay and if they're expecting that but it did happen. That's cool.

But I agree to you that it shouldn't be thought that someone's going to be successful with that. I know that many of us really want to be successful with our bets and as we gamble, using it as a way to pay off your debt. You can do better than that.

That is why it is highly recommended to gamble with just extra money so we won't end up losing our hard earned money and our savigs or investments.
It's okay to allocate some funds too from your salary as long as it is not gonna hurt your pocket.
hero member
Activity: 980
Merit: 519
fillippone - Winner contest Pizza 2022
Your friend's story serves as a warning or lesson about risk of using gambling to solve money problems. He could have think of other options like getting a loan, selling things he owns that he don't use, or even find an extra work to pay off his debts. It's important to make smart choices especially when facing tough times with money.

My friend... consolidating loans to pay off debt, seldom work...because you simply enable the person to make more debt, because you are creating more disposeable money that can be used to make more loans. ( Never borrow more money to try to reduce debt)

People try to get a quick solution for their financial problems, by gambling and hoping for a big win... this almost never happen... and puts them in a worst position.
Luck of winning thread is something that is going to help one to make money in gambling. Once we understand how to bet and understand the kind of bet that will keep giving us money, we could keep winning for long without any loses. Gambling is fun and getting loan to play bets can be a safe ground for those that have good strategies to make money in gambling. We don't need to depend on bets to pay off our debt. The hood gamblers can take severe risks and make money from gambling but if a mere gambler try such pattern, thing might backfire and everything might become lose. We can pay off debt through gambling, that's for those that are very good.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
It's a very simple logic that gamble is not a reliable means to fall on to in resolving our immediate financial responsibility at hand, more often we have learned about the stories of people that got their problem compounded by using part of the money they had because it was not sufficient in solving or meeting the challenge they are facing but only to lose it all going back to zero default.

Sometimes these decisions are not motivated by addiction but mainly by the zeal for instant money making means of which gambling is fashioned to have such an outlook but in the end it's usually the opposite results that is being experienced by the victims. Maybe under such condition if only the individual could sit down to analyze the weight of the consequence that may befall him if he loses the part of the money he has in possession in solving his problem to losing it all, just maybe they will think of considering another better alternative than to gamble with the insufficient amount they have already.
The fact is that, we all know this and we all care about it, and that means we are going to end up with a return that will not be all that crazy, it will make sure that we are going to end up with a good return one way or another. It should not be all that crazy to handle, and we could make that work.

I believe that if people keep thinking like that, then they are going to end up with a result that should not be all that crazy to see, it would need to be something that should considered to be a little different, and I believe that if we are not going to get anything major, then I would say it is going to be a little different situation. I hope that people could see that as the difference and the biggest win point to people.
legendary
Activity: 2688
Merit: 1091
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
We should not make gambling as a tool to get rich or become successful because most likely it won't happen unless you are lucky enough to hit something big on it. That is why it is highly recommended to gamble with just extra money so we won't end up losing our hard earned money and our savigs or investments.

Honestly I have never found or just heard rumors about gamblers who managed to get rich from their gambling activities, I really wouldn't believe it even if someone said it because if we look again at the facts about gambling it is really not possible for anyone to get rich from their gambling involvement, The reason is because after all gambling is nothing more than a game of chance where the casino only provides "chances or possibilities" for gamblers, meaning there is a chance for you to win and there is also a possibility for anyone to end up losing, one of these two results will be the answer to every session you do.

In addition, there is absolutely no certainty for anyone to win at the end of the session, and in fact it is more likely to lose, because it is difficult to get a lucky streak in gambling which is the reason why this activity cannot be used as a place to work or a place to earn, it is too impossible and too risky. Honestly, I would only believe that you can get rich in gambling if you are basically a bookie who owns your own casino. Therefore, don't even think about earning in gambling because the fact is that you will experience more disappointment at the end of the session.
hero member
Activity: 2912
Merit: 556
~snip~
That is due to their previous winnings making them too proud to try another game and it turns out they are not lucky at that time. However, during that time, they can't easily stop as they have a goal of paying their debts. They will continue their game and end up losing all the money they have. That's why many people who gamble feel lucky when they win some money. They often fail to realize that their luck may not continue in the next round, and they should stop gambling immediately. If they continue gambling, they may end up losing all their money and being unable to pay their debts. This always happens if they keep gambling after winning, only to experience a big loss that costs them all their winnings. Such a situation is likely to leave them feeling frustrated and regretful because they had the opportunity to stop gambling but didn't take it. Sadly, once they lose all their money, they won't be able to continue gambling, even if they wish to do so. It's crucial to understand that previous winnings shouldn't make one overconfident to try another game, as it may turn out that luck is not on their side this time. Therefore, gambling to pay off debts is not advisable.it is not advisable to gamble to pay your debt.
Yes, that's right, because as they win, it makes them forget to stop their gambling activities, so they intend to get even bigger wins. But apparently, it's not what they imagined, so they slowly experience loss, which, if they don't realize it, will only waste their money, even all their money, including the winnings they got. They will no longer be able to enjoy the winnings because it has all been used for gambling and has even been lost in gambling. When they can win from gambling, they should be able to stop gambling and leave gambling while taking the winnings with them. But because greed got the best of them, they lost all their money and could not pay their debts. They will be chased by people who lent them money because they don't pay their debts, so they have to work very hard to have money to pay their debts. But if they still intend to pay their debts through gambling, they will experience difficulties because gambling is not for making money and is just for fun. They will only become frustrated because they cannot win, so they will return to gambling to be able to win the gambling game. But they will still find it difficult to win big because gambling will not allow them to make money easily.
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