Pay off DEBT by do Gambling? think again before you loss more - page 6.

traderethereum

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Quote from: blockman on February 05, 2024, 12:21:47 PM

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.

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.

Blowon

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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

Lorence.xD

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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.

Gormicsta

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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

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.

umbara ardian

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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.

blockman

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Quote from: traderethereum on February 05, 2024, 03:19:22 AM

Quote from: blockman on February 04, 2024, 05:44:37 PM

With that logic and point of view, someone who's seeing it with gambling is likely to get more in debt. That's sad but there's no improvement with that thinking and understanding if they see some resolution through gambling with their situations.

However, someone who frequently gambles should not see debt as providing a solution for them when they have no money. They should be able to restrain themselves from gambling when they don't have money.
They should just think about looking for a job to make money so they can allocate some money for their gambling activities. A person who is still in debt will run into problems sooner or later and when he realizes it, he really has difficulty solving the problem. Yes, it is sad but they should try to solve the problem by paying back their debts and never borrowing money again.

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.

Oilacris

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Quote from: gabbie2010 on February 05, 2024, 12:04:49 PM

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

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

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.

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.

Shishir99

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Quote from: Jody.Drummer on February 04, 2024, 06:14:32 AM

the chances of winning or multiplying the money they bring which indirectly they like to rule out the possibility of losing which in the end when the result turns out to be losing then usually they are unable to accept the fact because it does not match their wishes.

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?

gabbie2010

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

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

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.

Westinhome

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Quote from: borovichok on February 05, 2024, 06:53:34 AM

Gambling is not a problem solver. When you have a problem or debt to pay you don`t have to rely on gambling because it will expand the problem and create a new one. For instance, if I have $1000 and I need $2000 to solve a problem. If I gamble with the $1000 I might lose it and when I do, I am no longer in need of $1000 but $2000 and the question now is, if it was difficult getting $1000 then it becomes more challenging getting $2000. Now, If I turn to getting a loan to solve the problem, I will have to pay more interest than I would if I had collected only $1000. That means creating more problems for myself.

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.

Quote from: borovichok on February 05, 2024, 06:53:34 AM

Gambling should be done with money set aside after bills are settled and not using money meant for bills to gamble. This is irresponsibility. People should learn to be passive gamblers, approaching gamblers as something you engage in once in a while without paying much attention to the outcome. Let people get a job in which their income is certain and forget about gambling to help them tackle life challenges. Gambling wil not help you tackle these challenges but make you vulnerable to more challenges

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.

Weawant

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Quote from: Accardo on February 04, 2024, 05:16:15 PM

His mistake is panic gambling. A gambler is not supposed to rush into staking money, without having a backup. Spending all his funds at a go is not proper, he's meant to reconsider his chances of winning. I've read of men who did spend their last card and were able to double it through gambling. But it's not same for everybody. Since we all have unique strategies of gambling, it wouldn't be nice to hope on gambling to solve our financial trouble. The gambler may end up causing himself more harm than good, as his results could be unsuccessful. That doesn't mean the guy in the picture wasn't responsible at some point, he only faced a real-life challenge which landed him into a bigger trouble. So, even if one is a responsible gambler, he could find himself in a state of mind where he wouldn't be able to control his choices and decisions anymore. Thereby leading him to a very hard life condition.

Sometimes gambling isn't just about trying to win but successfully gambling and yet staying responsible enough regardless of the outcome of the results the game on which you did gambled, some persons want to solve their financial problems with gambling and yet they lack a good strategy with which they gamble and that Alone is wrong as a good gambler.

There are strategy that worked for others but may not work for another because we all have our presence and we don't have the same kind mindset or approach towards how we want to achieve that which we aim to achieve gambling. Some persons get lucky staking their last money and it turns out to be multiplied and help them solve some of their financial issues but the others may try same and still lose everything, if you don't get that Lucky often then it will be better you just don't spend your last cash gambling, wait until you have got enough to spare then give it a trial.

maydna

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Quote from: invo on February 05, 2024, 06:27:23 AM

Quote from: maydna on February 04, 2024, 11:53:36 AM

~snip~

That's why I stated that it's impossible. You can't always rely on luck, especially in situations like gambling. Sometimes people may feel lucky, but they don't know the result until it happens. They may end up losing all their money trying to pay their debts before they realize that they are not lucky enough to make money by gambling.

Most of them will feel lucky because they can win some money, but they don't realize that they can't have that luck in the next round and that they should stop gambling immediately. They need to stop immediately before they end up losing all their money and being unable to pay their debts. Especially if they decide to continue gambling after winning but instead experience a loss that costs them all their money. It will make them frustrated and regretful because they had the opportunity to stop gambling but didn't take it immediately. It was a fatal mistake, but everything had happened, and they couldn't get any more wins, and they couldn't even continue gambling because all their money had run out.

Outhue

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Sound like a curse, the moment you start gambling to pay back your debt you have opened a door to a forever debt paying because the problem after will be you vs the gambling habit, you won't be able to quit, it's a different thing if you gamble because you have no other choice at that moment and you win, then you never look back.

I know someone who was forced to gamble, because he wanted to send her small sister to school, with no parents alive to help them, he turned into a gambler and to my surprise he was lucky, he use gambling money to start a business in Lagos Nigeria and to my surprise he still keeps gambling till today.

When I asked him how he is doing it without losing everything back he said he know how risky gambling is, and for him to avoid losing it all, he stick with a certain amount, I like calling him a genius, because he maintained his belief in gambling very well, no greed and he is a successful business guy now, if you and up paying your debt with gambling there is a big chance that you will want to continue, and since getting lucky was what found you at first, you will easily become greedy.

Jody.Drummer

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Quote from: invo on February 05, 2024, 06:27:23 AM

Quote from: maydna on February 04, 2024, 11:53:36 AM

Quote from: invo on February 04, 2024, 07:21:21 AM

It's not impossible unless you are lucky. But the risk is too high, instead of having money to pay debts, if it is suddenly lost in gambling, it will be an additional problem for you to think about, That's a fact that anyone should think of. If the money you have is supposedly used to pay your debts, whatever happens, using it in gambling should not be done.

But it will be difficult for them to get that luck. We know that luck will not always come when gambling, but that doesn't stop them from chasing wins. But if they borrow money from other people, they will only make the problem bigger where they will also have difficulty paying off their debts, especially if they experience loss and lose all their money. We should gamble using our own money rather than borrowing money to avoid even bigger problems. But if the money you have is limited, you should not think about multiplying your money by gambling because that doesn't guarantee you can make money, especially since gambling is just for fun.

That's why I stated that it's impossible. You can't always rely on luck, especially in situations like gambling. Sometimes people may feel lucky, but they don't know the result until it happens. They may end up losing all their money trying to pay their debts before they realize that they are not lucky enough to make money by gambling.

Because luck always cannot be known when it comes and when it goes, so this is what sometimes deceives gamblers, such as when they are in a winning situation at that time they apply greed because they think that they can get a bigger win but in the end it turns out that the results at the end of the session are disappointing which makes them lose everything, one of the reasons is because luck is no longer on their side, or meaning it is gone. But gamblers do not understand this, in such a situation what happens is that they will get emotional because they do not accept the defeat which makes them vent their emotions by putting a much larger amount. Usually this kind of situation will mostly trap gamblers to finally enter the addiction phase, so I agree with you that don't make gambling a place or intermediary to pay debts, it's too absurd.

Dewi Aries

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Quote from: AmoreJaz on February 04, 2024, 05:06:30 PM

Quote from: Gozie51 on February 04, 2024, 04:40:39 PM

Quote from: the rise on February 04, 2024, 07:26:42 AM

Anyone who gambles uses money that has a special purpose by thinking that by putting it into gambling it can be multiplied quickly. I'm sure the results will end badly. Don't use money that is of interest in gambling, but use more money that you have or can afford. If you lose it, it's best if you want to pay off your debts, it's better to sell valuables or get a loan, and stop gambling first

Someone who sells of properties to repay debts from gambling can likely go back chasing the money lost. To gamble and have high expectations for profit is the cause of this because many gamblers put the mind of winning always and they increase their staking bankroll out of proportion at the end some even borrow to try repaying. It is better to gamble as reasonably as possible and not to over stake in anticipation for profit that you don't get but stocked into borrowing or selling property to pay bank debt. It is better to stop gambling if you can't control the loses instead of borrowing , to borrow set someone backwards. You can borrow to invest but not to gamble.

i guess, the OP's story is quite common in a lot of gamblers. betting their borrowed money for the hope that they will get more but instead, they will likely lose it all. this is gambling, and you are a very lucky person if you will go home as a winner. to avoid such tight scenario in your case, better pay your debt if you are just loaning some money. don't stake it to uncertainty like in gambling. you are just subjecting yourself to more debt or more trouble especially if you got the money from loan sharks implementing very high interest rate.

True, this is a common scenario that has been experienced or done by most gamblers especially those who are already in the addiction phase, they make loans like an alternative to fund their gambling activities or gamble with the aim of paying off debts, however this is a very wrong thought because as you said that what will happen is just the opposite, instead of getting a win but instead suffering more losses. There are so many facts and bad effects experienced by addicted gamblers that they lose more money and run out of all the valuables they have.

So the point is that if you want to win then you have to be really lucky, but on the other hand anyone will never know when he will be able to get lucky, so this is the reason why gambling should not be used as a place to earn especially with the aim of paying off debt, because this will clearly only create new problems where you will be more in debt and stuck in debt problems that make you feel tremendous pressure. Therefore, we must really straighten out our views on gambling, don't be too excessive in concluding something, look at it from various sides so that you can get the real facts about gambling.

Blitzboy

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Quote from: borovichok on February 05, 2024, 06:53:34 AM

Quote from: Hatchy on February 04, 2024, 05:06:03 PM

It would be much more wiser to get something doing other than gambling that would be able to help you pay of your debts asap. Gambling with the little you have left might put you in even much dept because you may be left with nothing at all and start from the scratch raising the money.

Gambling is not a problem solver. When you have a problem or debt to pay you don`t have to rely on gambling because it will expand the problem and create a new one. For instance, if I have $1000 and I need $2000 to solve a problem. If I gamble with the $1000 I might lose it and when I do, I am no longer in need of $1000 but $2000 and the question now is, if it was difficult getting $1000 then it becomes more challenging getting $2000. Now, If I turn to getting a loan to solve the problem, I will have to pay more interest than I would if I had collected only $1000. That means creating more problems for myself.

Gambling should be done with money set aside after bills are settled and not using money meant for bills to gamble. This is irresponsibility. People should learn to be passive gamblers, approaching gamblers as something you engage in once in a while without paying much attention to the outcome. Let people get a job in which their income is certain and forget about gambling to help them tackle life challenges. Gambling will not help you tackle these challenges but make you vulnerable to more challenges

In my experience, treating technology as a problem solver makes things worse. The lesson is hard for some late. With money that is actually spare, I believe in gambling for enjoyment. It entertains, not solves money problems. Also, I support passive gambling. You enjoy the game without worrying about its consequences. My advice is to stop using critical funds. Keep gambling fun and avoid regret with responsible gambling.

Stressing that gambling is a hobby and that income comes from dependable sources is vital. Maintaining equilibrium and accepting that the chances are always against you is key. Please keep gambling entertaining and away from our life solutions.

borovichok

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Quote from: Hatchy on February 04, 2024, 05:06:03 PM

It would be much more wiser to get something doing other than gambling that would be able to help you pay of your debts asap. Gambling with the little you have left might put you in even much dept because you may be left with nothing at all and start from the scratch raising the money.

Gambling is not a problem solver. When you have a problem or debt to pay you don`t have to rely on gambling because it will expand the problem and create a new one. For instance, if I have $1000 and I need $2000 to solve a problem. If I gamble with the $1000 I might lose it and when I do, I am no longer in need of $1000 but $2000 and the question now is, if it was difficult getting $1000 then it becomes more challenging getting $2000. Now, If I turn to getting a loan to solve the problem, I will have to pay more interest than I would if I had collected only $1000. That means creating more problems for myself.

Gambling should be done with money set aside after bills are settled and not using money meant for bills to gamble. This is irresponsibility. People should learn to be passive gamblers, approaching gamblers as something you engage in once in a while without paying much attention to the outcome. Let people get a job in which their income is certain and forget about gambling to help them tackle life challenges. Gambling will not help you tackle these challenges but make you vulnerable to more challenges

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Quote from: maydna on February 04, 2024, 11:53:36 AM

Quote from: invo on February 04, 2024, 07:21:21 AM

It's not impossible unless you are lucky. But the risk is too high, instead of having money to pay debts, if it is suddenly lost in gambling, it will be an additional problem for you to think about, That's a fact that anyone should think of. If the money you have is supposedly used to pay your debts, whatever happens, using it in gambling should not be done.

But it will be difficult for them to get that luck. We know that luck will not always come when gambling, but that doesn't stop them from chasing wins. But if they borrow money from other people, they will only make the problem bigger where they will also have difficulty paying off their debts, especially if they experience loss and lose all their money. We should gamble using our own money rather than borrowing money to avoid even bigger problems. But if the money you have is limited, you should not think about multiplying your money by gambling because that doesn't guarantee you can make money, especially since gambling is just for fun.

That's why I stated that it's impossible. You can't always rely on luck, especially in situations like gambling. Sometimes people may feel lucky, but they don't know the result until it happens. They may end up losing all their money trying to pay their debts before they realize that they are not lucky enough to make money by gambling.

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Quote from: Accardo on February 05, 2024, 04:34:01 AM

Quote from: Westinhome on February 04, 2024, 05:30:12 PM

Quote from: bhadz on February 04, 2024, 05:19:59 PM

It is only applicable when all of a sudden and you've won. But if you are on your right mind and you think that you can gamble and win and then pay off your debts through winning, I don't think that it is ever going to work and a good idea. We are gamblers and we need to do better than that. People make fun of us because of the mistakes that we've been doing and even we've got problems already to take, we should do the right decisions and don't create ourselves something that they can notice and have fun of.

The gambler was in the big debt can use this option to cover all the debt using the gambling site. But their was a risk in this way of the gambling, because the money for the game will be the loan money again. The gambling was the two side coin, So the gambler also win and make free from the debts. They also added the loan if the again loss in the gambling site. In order to avoid of the second option, the gambler should learn the game. Because making the game profit is not easy one in the gambling site. The gambler don’t look for the entertainment or fun at this point. The full aim of the gambler is making huge profits in gambling site.

The society has lots of wrong view on gamblers, due to the behavior of other gamblers who can't control their gambling habit. One funny thing is that one gambler's behavior is used against every other gambler in the world. Because these people don't know much about gambling, they generalize the fact that gamblers can be careless with their money. A gambler who has decided to pay off his loans using his gambling wins, is not doing the right thing, he's actually not on the good gambling track. As such mistakes could lead to more troubles, if he ends up not winning the game. How would he generate money to settle for the previous debt he's owing and the money he just lost. Isn't it a thing of embarrassment for the person, if he's not financially conscious about his decisions.

By the way, what you've mentioned is true, that's why many other people thinks that gambling is not a good activity because of other irresponsible gamblers where they don't know the right way to handle their money and winnings. OP's statement is one example of a gambler who has a wrong mindset, that you will gamble to pay off debts which is not the right thing to do.
If you are thinking of another way even though you know that it is difficult to do, it is better that you do that first before you go to what you think, which is wrong and should not be done because you are only putting yourself more to a bigger problem.

Lida93

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Quote from: Accardo on February 04, 2024, 05:16:15 PM

His mistake is panic gambling. A gambler is not supposed to rush into staking money, without having a backup. Spending all his funds at a go is not proper, he's meant to reconsider his chances of winning. I've read of men who did spend their last card and were able to double it through gambling. But it's not same for everybody. Since we all have unique strategies of gambling, it wouldn't be nice to hope on gambling to solve our financial trouble. The gambler may end up causing himself more harm than good, as his results could be unsuccessful. That doesn't mean the guy in the picture wasn't responsible at some point, he only faced a real-life challenge which landed him into a bigger trouble. So, even if one is a responsible gambler, he could find himself in a state of mind where he wouldn't be able to control his choices and decisions anymore. Thereby leading him to a very hard life condition.

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.

Topic: Pay off DEBT by do Gambling? think again before you loss more - page 6. (Read 1777 times)