Topic: Pay off DEBT by do Gambling? think again before you loss more - page 9. (Read 1777 times)

That's because they see that borrowing money can be used to gamble and they also see that with the borrowed money, they can have a chance to win even though gambling will not be able to give them the victory they imagine.
It is a bad idea to borrow money to gamble because it can worsen the situation, especially if they lose all their money. They will not be able to pay their debts when someone collects them so they will probably stay away from it.
Yes, they should look for work to earn income. And from that income, you can use a little to gamble. This will help you avoid debt problems.

In my opinion, there are people who think they can pay off their debts by relying on gambling, because there are reports that gambling can give them profitable wins and can also double their money, so this might cross their minds, so if they have a debt of $500 but that person has money. of $250 then he will use that $50 to gamble in the hope of getting a profitable win that will be enough for them to pay off the debt they have.

It's true what you said maybe this is a strange idea, because gambling doesn't guarantee that it will give them a win that can help them to pay off their debts, and with actions like this perhaps more clearly they will only have more pressure from their debts where the money is used for paying off the debt is instead used to gamble with the excuse of doubling up and as you said this will only add to the bigger problems they will get. I agree with you,  if you really want to pay off debt you should do a job that makes money and with a mind that doesn't think about gambling you can double your money quickly.

Before, I don't understand why people think that paying their debts through gambling is a choice. But now, I do understand that this is the reality of life that there are people that will always think of the odd idea on how make themselves debt free but instead, they're adding more pressure to themselves and will result to having more troubles to themselves. When you want to get out of debt, do it the traditional way by working and earning and paying it with your money.

Yes that's right, most gamblers come because there is a reason to win money from gambling so that with the possibility of getting this victory makes them misunderstand what gambling means, when in fact the possibility of risk or defeat can never be avoided and that means it is very wrong if anyone thinks that in gambling they will be able to multiply the money they bring, none other than because the possibility of risk will always lurk and will not always be avoided.

On the other hand, yes that's what will happen when you come with the wrong understanding about gambling, instead of getting a lot of winnings to pay off debts but the opposite happens where they will be increasingly trapped in a cycle of debt where the debt will actually get bigger because gambling activities carried out based on the wrong understanding and which are done excessively will actually drain their money slowly. So of course it is very wrong to come with the aim of earning let alone the intention of paying off debts from gambling winnings, because that assumption will make you gamble excessively and aggressively which in the end even adds to the problem.

It becomes crazy when people fall for the fallacy that they think at some point their pick has to come, but there is no guarantee of course. In sports betting I think that's one thing because you can get incredibly unlucky of course and after all sports can't be predicted and we get to see that so often.

But rolling the dice or playing roulette and picking a color is a classic example for the fallacy that people think the next round has to be red because there was 10 rounds with black or something. But there are impressive numbers about how how many rounds can be subsequent reds or blacks. Every time the same gambler doubles the stakes and thinks now the other color has to come, but no.

This is almost a common case. I guess every other gambler made some mistakes like this one. People always gamble with the hope that they will win. They even borrow money to gamble because they think they would be able to double the money and pay the debt and they will be in profit after that. Sometimes this happens and people think they will be able to repeat the same thing again and again. Unfortunately, the odds are very low. Most of the time people end up losing their money and they have more debt. 

The gambler who playing in the slot games are not losing the funds,because the gamblers who play the game with the tactics never loss their funds.My personal opinion is your friend need to improve their skills in the game,because taking loan for the gambling is not the easy one.Almost huge risk,from the old debt.The current game loss also make your friend to get into the more debt.Because the debt is make the person to live without peace.In order to have a peaceful life,it was better for the gamblers to avoid of playing the gambling game with the loan money.If gain it will solve the debt problem,but the loss will backfire him.

You are lucky to be able to learn from your experience so you can avoid it again. And you are right that we cannot think about doubling our money by gambling or paying off debts because when we gamble, we also don't know when we will win. When we lose at gambling, we will become frustrated and continue to think about our debts, which will cause us to experience even more losses.

If that happens and we lose all the money, we won't be able to pay the debt. We can only regret that we have used all our money to gamble. Yes, we must be able to learn from our experiences so that we don't experience them again.

I myself have experienced that, thinking about doubling my money by gambling in order to pay off debt. Instead of paying off the debt, you are even more confused because there is no money left to pay the debt.

Finally I was frustrated and sold the things I had at home and the valuables I had to pay off the debt. From this incident I learned not to depend on the results of gambling.

Even myself does really like on clearing up my loans in short time manner on which i dont really have that kind of patience on paying through installments but if you dont really have any resource on paying it completely or in bulk then it would really be leaving you no option but to go with those terms on which paying up in installments wont really be that bad either, as long you could really be able to clear up those
debts then it would be that always recommendable rather than doing gambling with your last fund on hoping that you could be able to multiply it on how many folds on which this kind of mindset
would really be that putting you in trouble.

You should really be that at least realistic on what you are trying to do or aim.Paying DEBTs via gambling? You are really just that basically putting up yourself on such trouble and we do know that this isnt
something that would really be that ideal on doing so. Instead on solving the situation it would really be jus that making it worst.

The thinking of such people is ridiculous, on the other hand I don't think anyone should think that gambling can be used as an alternative to solving financial problems, but yes all this is out of our control and maybe there are some gamblers or anyone out there who  really has this kind of thinking. However, this is not a thought that is the result of reasoned consideration, and this means that it is likely that they got this idea when they were in a stressful situation in their lives due to financial problems, especially debt.

On the other hand, being a responsible gambler is the key, this is the more recommended approach because with this then the situation will not be as terrible, it is the same as being able to accept any situation at the end of the session, when winning then you will consider yourself lucky and not "GREAT" and when losing then the opposite, you will tell yourself that "this is gambling" where if there is a chance of profit then the  possibility of losing is also not always avoidable, I think with this then they will not lose control which can make them act unexpectedly.

Yes, I understand that  every gambler has expectations, but only a few of them are too pushy and with this it is clear that the number of attempts made will not be too many so this is what makes responsible gamblers stay in the safe zone even though they cannot completely avoid the possibility of losing.

Instead of gambling and hoping to pay off debts with it, the best option is to pay in installments. Even if the debt is not paid off immediately, paying in installments is the best way to do it instead of not doing it at all. But somehow someone's mindset is that when their financial conditions are too tight, they tend to take big risks and fail to find better options.

Gambling should be considered entertainment, not a source of income. If someone is in debt but they aim to win at gambling to pay off their debt, then there is a big risk of getting into more debt as a consequence. I know not all bets will lose, but the low probability of winning is a risk worth considering.

We do know that winning chances in gambling is never been that on favor for gamblers on which it is really just that less and really that our disadvantage. This is why it would really be that recommended
that you should really be doubtful on making it as an option on solving out your debts. Just like on what most people been saying on here is that instead on making yourself be able to resolve out those
problems, it might be able to worsen up even more. This is why its never been that recommended that you should be gambling into those last money or fund you do have because you are hoping
that you could be able to make it big and would be able to pay up those loans.

You are just basically trying out to worsen up the situation because of those wrong assumption and hopes on which we know that people would really be normally
be sticking into those ways or methods which known to be easiest but actually the easiest way on fucking up yourself in the end. 

It is foolishness to gamble hoping that you would use the win to pay off your debt. Gambling is unpredictable therefore one cannot rely on it for anything. This doesn't mean that people have not been lucky to pay off debt with gambling wins but you should never depend on it for such. Before collecting a loan, one should ensure that they have the means of paying for it and the loan should be used for business and not for pleasure. I think your friend should consider sorting his loans from other means like selling valuables or getting an extra job. If you keep relying on gambling for debt payment, you might go deeper into debt.

Hoping to pay off debt from gambling is crazy. Gambling cannot promise you a definite profit, from 100x the game if you are lucky you might win up to 10x. If calculated, it is not a profitable number at all, not to mention that if you play with high pressure you will definitely make stupid decisions in gambling. It's better to sell assets that can be sold to pay debts then you can continue living a better life without burdens on your mind. Because assets can still be bought again when you have enough money from a more decent job.

On the probability on which is less and this is something that someone should really be mindful and something that being realistic on which on the time that you do see gambling as some sort of
solution into your debt problems then better think not because sooner or later you would really be that making yourself putting up into a situation on which you are really that basically making yourself that putting yourself into so much trouble which it become that even more worst considering that odds on losing in gambling is way more higher than on winning. On the time that you would really be having those impressions that you would really be making it as a solution or method on making yourself that trying out to resolve your debts then better think not or avoid that kind of idea.
Trust me, you would really be just be blowing up your pocket even more and would really be worsen up the situation.

When it comes to gambling and winning, the winning chances are always under probability, and when they say something is under probability, they mean the chances are between zero and 1, which is just by chance for the person to win the game. The risk of taking the little I have to gamble is really not worth it, as it's too risky.
 
It could have gone a long way if he used the little money he had to pay for the debt; it could have reduced the total amount he could have been looking for. Even if the money is not up to 10% of the rent, paying half of it will show some level of seriousness in repayment. Gambling gives people a chance to win, but not in the way that you use your last cash to place a bet. Such a risk is not advisable.

because in fact if they want their finances to be normal or stable they have to work in real life with a clear income and be able to restrain themselves from gambling, because that is what they have to do to pay off the debts that surround them, if they want their money problems to be resolved then gambling It's not an alternative way, because the chance of winning at gambling is not as big as the chance of losing, so what you say is true if they have financial problems and take action to gamble, this will not solve their financial problems but will only add to their own problems. Moreover, even if there is a win at gambling, it cannot be guaranteed with certainty.

"dig a hole but bury yourself" I think this is familiar, I also saw it in another thread. but forget it, it's not a problem, because the problem is fixing financial problems with gambling, that's the problem, it's also impossible for gambling to give you a definite win. because of course the aim of gambling is to make a lot of profit, so I think if they want to pay off their debts by gambling, that's the wrong way, because it will only make them quicker to destroy their lives. Maybe this is the same as lighting a fire under the bed, it will only kill us slowly.

Paying off debts by gambling is not the right way because it is better to use the gambling money to pay off existing debts, If we hope to win at gambling so that we can pay off debts, then what if we lose and the gambling capital is money from debts, aren't we just adding to the burden?
It's better to pay in installments little by little rather than having to risk the money in gambling, many of us here might do that but I'm very sure that this is just a wasteful act and will only increase the burden of existing debt, this is because addiction to gambling of any kind has negative impacts both financially, physically, emotionally and socially. Paying off debts is not easy, especially if we don't have sufficient income, but believe me, there are still many ways and solutions to pay off debts other than gambling.

While this has been discussed previously, let me repeat what I have previously mentioned about this topic.

Never ever gamble in order to pay current obligations. Additionally, never use gambling as a means of income in order to provide for your daily and/or monthly needs due to the nature of it being risky. If you use a risky venture in order to pay a current obligation, you are putting yourself in a very risky position that can definitely snowball into a bigger problem.

If you have an existing loan, pay it using the money that you have earned from a job. Never ever use gambling as a means to pay debt as this can worsen your position further.

Perhaps the reason on why most people use gambling to pay existing debts is due to its simple nature- either you win or you lose. People want to skip all the turns and use the short cut; but this shortcut is full of traps and dangers.