Topic: Pay off DEBT by do Gambling? think again before you loss more - page 6. (Read 1971 times)

What you just described shows that gambling can never be the answer to ones problems especially if you aren't familiar to this art and have no strategy to get to where you want to go..

And just so you know, when it comes to gambling and someone is under pressure things usually never go your way as you are in a desperate mode and not in the right mindset which means reckless decisions can be made.

Agreed, if it's not fun based gambling without any commitments don't gamble.

If financing is an option do take it to avoid unnecessary pressure on yourself.

I won't disagree with you. Taking the step of gambling the little money left in order to try to tackle debt is one of the most irresponsible things to do as a gambler, right after asking for loans to gamble with them. Though, realistically, if he was that desperate enough to try to gamble that money to pay those loans in the first place it is very likely that person had already depleted other traditional and more orthodox options, like asking for the bank to help out.
By the way, you must consider that, if he already had an active loan, it is very likely banks would have denied his request to ask for more money. Financial institutions talk among themselves and let one another know what people are supposed to be trusted with money and who are a very bad history of credit. So he probably knew he did not have much changes to be granted a loan at the bank.
Still, not the solution to gamble, in the slim case he managed to (at the very least) double his money on an online casino, he would have lost it all again because I doubt he would have stopped at a 2x multiplier. Sadly, that is how impulsive people operate.

That was just too stupid of him. There are other ways to complete the amount he needed but it should not be in gambling. Bank offer loans for those who needs and all he have to think about are the interest rates. Gambling it is not the solution that will help his problem.
Man, I hope he didn't do much stupider thing after he lost. It's not even a 50-50 in slots, the chances to win are slim that you might as well give it a try on other games than it. Before slot games gives back, sometimes it requires hundreds to thousands of bets.

The most effective way to pay off debt is to look for other sources of income, such as looking for a side job, instead of betting to meet the required shortfall. Digging a hole to cover the hole can be done temporarily if the payment is due. When you are in a tight situation, you must be able to think clearly so as not to add to the problem to solve the problem.

True, I am also strange about such people, even though they have common sense that can be used to think and consider everything but there are still those who view gambling as a place to earn or even make it a full-time job, this should not be allowed and must be straightened out because this mindset is the starting point for many disasters that they never expected. On the other hand, I believe that the main reason is because they only see gambling from one side, namely the "chance of winning", they think that they will be able to get a big win when in fact it is nothing more than a chance which means it is still uncertain to become a reality. Some gamblers who end up addicted always start with this mindset where they focus too much on winning to the exclusion of losing. That's right, in the business world alone it is very possible for someone to experience a loss for some reason, let alone in gambling which has no certainty. Therefore this must be straightened out, gambling should be fun and not a medium for earning considering the level of risk that can never be separated, the logic is as you say if gambling can really produce then obviously there will be no more poor people in the world.

Yes, what you said is always in someone's mind when gambling, most gamblers carry such mindsets and beliefs, as I said above that they like to rule out the possibility of losing in gambling so that they only think about winning and never think about what if in the end they lose, because obviously in gambling there is absolutely nothing that can ensure or guarantee you to win at the end of the session. In the end, this mindset and belief will make them feel even more disappointed at the end of the session when it turns out that the results really lose.

Yes, that's the point, everything that has the possibility of profit will always have the possibility of loss, for example in business which is always about profit and loss, and especially in gambling which is basically just a betting activity that whatever dedication you do will not be fully useful because of the randomness system applied by the casino. So in essence gambling is nothing more than a game of chance, not only about the chances of winning but the possibility of losing is also a sure thing, so you have also said that this is the reason why gamblers should always put the amount that can be accounted for.

Just gambling with debt is already wrong, how about wanting to pay off debt by gambling proceeds, that is definitely a fatal mistake, in fact many gamblers end tragically, they commit suicide because they have a lot of debt and pressure from debt collectors who hunt them down, so many gamblers who ended his life because he had debts from loan sharks, that's why never try to borrow money from anyone because the risk is high as you mentioned earlier, such as high interest rates which can make it even more difficult to pay it off.

Yes, that's wrong, that's why so many gamblers end their lives because they ultimately can't pay their debts, this should also be a concern and also a lesson for other gamblers, never try to owe anyone just to finance their gambling, gambling is not a place for you. we are not looking for money but for entertainment and having fun, that's why never gamble if you don't have money, let alone not being able to control your money properly, if you can control yourself and have a steady job, aka more income, there's no problem gambling because there is still more money to gamble and not used, unless we really have limited money, we should not force ourselves to gamble because it will only make things chaotic if it is not controlled properly. 

just say the chance of winning, the chance of winning in gambling does exist and it can happen or be obtained if we really have luck. However, it is not a good decision if you want to pay off your debt in the hope of winning at gambling or being able to double your money at gambling. because winning at gambling is uncertain and not guaranteed, with our intention to pay off the debt, it will not just give us a win.

that's right, the final result is definitely defeat, not victory, therefore we shouldn't continue to have high hopes for gambling which can help the problems we experience in real life, if you really have debt then think about the good and correct way with a clean mind , work to make money and save to pay off the debts you have because that is what you definitely have to do when you have debts that must be paid and repaid. It is a wrong assumption that you can pay off debts by gambling, if you are lucky then you might win, but in reality losing dominates more, and gambling is a paid game and the winnings are bonuses.

I'm confused as to why there are people who think that one way to double their money is by gambling, because I think that's the act of frustrated people because people with a healthy mind understand that gambling is not a good way to double their money, even when we do business there are opportunities to lose money or have to wait until we can make a profit, especially in gambling, so there is no right way and quickly to double our money, everything needs a process because if there really is a right and fast way to double our money, including gambling, then there are no poor people because it can be done gambling because all financial problems can be solved by gambling.

He is not aware that what he is doing is gambling which will clearly always guarantee that gamblers will lose.
It is mistake to think about being able to double their money from gambling.
The second mistake is that gambling should be place to have fun, not place to escape to make money and be solution that can help in solving problems such as paying off debts.
I sure anyone who does this will receive bad consequences which will clearly be difficult to accept, he only has small amount of money and wants to make more but in the end everything is lost with nothing left.
This became really painful sadness because he had to experience more difficult problems.

Well, from here there will be valuable learning that can be taken and there are experiences that might change the mindset of every gambler so they don't make the same mistakes.

That should be what is on their minds so they can pay off their debts and not try to make money from gambling. In any case, they will just find it difficult to make money from gambling so they might as well forget about it.
Having debt because they used their money to gamble is not a good plan because it can confuse them about how to pay off their debt.
If you can't pay off all your debts, you will be chased by people who lent you money. When that happens, you will feel uncomfortable.

he made the wrong and very fatal decision, he gambled with the aim of doubling his money, but the final result was even more miserable, this is an important lesson for all of us not to gamble with money that has a special purpose especially

Well, he made his decision to take the risk and there's really nothing wrong with it. What's ideal is to just give the small amount for consideration of where is is in debt with than to gamble and having nothing to even offer. You'd only know things once you are in that position already; imagine if he won his bet, did he still do the wrong thing? Well yes but reactions would change I guess. For sure he knew its possibility but he still gambled his luck and remaining money as his way to pay the debt. Maybe he was left with no other option, even if it is a bad thing to do, he still choice to do things well.

But going back, it is not a good thing to borrow money for such excuses and purposes especially if you know to yourself that you won't have anything left then it is just a gamble of one's luck. There will be interest rate with loan or borrowed money. But never be too confident that he it is his friend's car.

You've made a very valuable point that is worth noting.
I could've sworn you were just talking directly to me. I too have been a victim of this unimaginable state you wouldn't wish to find yourself in.

 A few years ago, back in college days, I was desperately in need of money complete my tuition fee, I was completely out of cash and out of options. I tried to get loans from friends, and even from my bank, but all were declined, I had half of the money with me, so I used it to fund my account in one online casino back then. It was actually my first time of gambling. I've always heard so much about it but I hadn't tried it.

So this time I tried it and staked all the money in a game, and guess what, I actually won the bet and I made over 10X of my money, I withdrew the money, paid off my tuition fee, sorted out other stuffs and still had change.

So my friend, just because your friend tried it and didn't work for him doesn't mean it won't also work for others, cos it sure worked for me.

Gambling as a path to financial salvation is like trying to outrun a forest fire with a gasoline-soaked rag. It's a recipe for disaster, and anyone who goes down that route is more likely to get burned than bailed out. Gambling is like digging deeper with a shovel labeled "false hope." Even if they win a little, the odds are overwhelmingly stacked against them digging their way out. They'll likely end up losing more, sinking further into debt, and potentially facing even harsher consequences.

This isn't just about your friend; it's a widespread issue. People facing financial hardship often see gambling as a quick fix, a chance to turn their luck around with one big win. But the reality is, gambling preys on desperation, and the house always wins in the long run.

Instead of chasing elusive riches through bets, there are far more responsible and sustainable ways to address financial challenges. Budgeting, seeking professional help, or exploring alternative income streams are all paths towards a brighter future.

Yeah, having a job is the main solution for paying off the debts that a gambler has. There's no need to rethink of it and just look at the part when you can easily pay it with your salaries. You have to talk to the person that you owe money and explain that you'll pay it eventually with the use of your salary without any other sources like gambling again. Because it has already taught you on how to be better with yourself and it's not the way on how you should pay your debts.

We cant be sure that he'd really be able to exhaust himself on finding up those other ways on which it would be that normal that someone would really be considering on doing gambling just because
this option is much more faster and something that more instant and could give out the possibility on making money in short time. The thing here is that you as a gambler then there's no assurance
that you could really be able to make it out. This is why people do fucked up themselves just because they do have those kind of wishful  thinking that they could really be able to
make easy money with gambling or do really think that they would really be able to solve out their problems without any issues on using up this option without even trying to look up for the
risks.

This is one of the sad but true facts. Whenever we play, we never think about the possibility of losing our deposit. We gamblers always think that we will win something big or at least we will double our deposit. Or at least some profits from the deposit. We do not think that we could lose our bets. When it comes to gambling, nothing is guaranteed. But, some of us always like to be confident in ourselves while we all know the fact that the house always wins.

We should not forget that everything has a positive and a negative side. Losing is a dark side of gambling which harm you financially. So, everyone is advised to gamble with the money they could afford to lose. But, how many of us care?

I think after your friend had exhausted every option and every possible means to get more money to pay his rent opted for gambling which is the greatest mistake he made according to this proverb "a bird at hand is worth two in the bush" meaning he should have kept that money if possible pay half of the rent money and seek for other means to pay off his balance truly working part-time is also a good option unfortunately in his bid to pay his dept squandered the remaining money on gambling thus adding more to his problems, I think story is wake up call to gamblers who intended to follow that method to completely avoid that means of debt repayment.

The gambler who want to solve their loan they will choose the gambling,So as you said they try to multiple the 1000 dollars to 2000 dollars.Their is the risk in the gambling,but if they had a good skills in the gambling site.So they can use this option to solve the gambling.But if they loss the money,they should have a plan B to manage the loss and the entire money.Some people use to do the trade to multiple the money,but actually it need of more time as compared to the gambling site.


The gambler should learn the game and increase their skills,experience in the gambling site.Because many gamblers use to loss the funds by doing the random betting in the gambling site.The gambler who use yo do the gambling should have the steady income from the job or business.Because the gamblers may get depressed if they loss and don’t have any backup money from the regular income.