Topic: People keep asking me to borrow money, some of them for betting (Read 1870 times)

That cases happen many times and we experienced that. We can give them a lesson so they will not repeat that in the future by not giving them the money. We can explain that we really need that money for fills our daily needs.

If they can understand that we also need money, they will not asks us again. But if not, they will piss off to us and say many bad things about us. But we don't have to be angry because that is the thing that we can do to stop them asking for the money to us.

We can not let them still playing gambling as they can not gives back the money to us. We can be stingy for people like that especially if they only use that money to gambling. We don't want to see they use the money for a wrong thing but they can not fills their daily needs.

And many cases occur after we lend money to friends or relatives just to satisfy their gambling desires, often the person does not keep his promise to return it, even we as borrowers are like beggars just to collect our own money, that's what I felt before.
A person who is addicted will not have a sense of shame, the most important thing is that his desires are fulfilled.
Therefore I learned from experience and now I would rather be called stingy than have to spend money just to satisfy his gambling desires.

Better to be a straight forward if you care about the person, explaining might be offending but that's why they said truth hurts right, better not to let them barrow money for a sole purpose of gambling, more on the side where you let them understand that it's better to pause for a while and think about it or assess if how far they are into gambling, to the point that they are willing to barrow money just to continue and try their luck winning or  recovering.

Some times the person do tell lies just to get the money that they can use for gamble, but that's bad. However It's not wise for lend out your money to anyone which you know know that he's a gambler, because the only thing that the person is going to use the money you lend to him/her for is to pay and gamble because he's thinking that he might win and repay back from the winning that he is not sure if.
Since gamble is not even a per-tim job or full-time job their is no need for a gambler to fully or halfly depend on it because his winning is not guaranteed.

When addiction comes, they will find ways to have money to sustain their gambling addiction. I can be generous and can lend money to others, but if it talks about gambling reasons, I certainly decline.

This decision is not because we hate them, but this is a way to save them from getting into more debt. To help them realize that they can't make gambling their source of income and a guarantee to pay loans. If we tolerate this kind of behavior, it is just like we are helping them to have a miserable life. If we can just afford to spend $100, then that is the only amount we have to spend. Keeping to our limits is a big help in enjoying gambling. 

There will be many reasons for someone to borrow money, some even borrow to be able to meet their living needs, but on the other hand, many also borrow money to fulfill their desires in obtaining momentary satisfaction.
It is indeed difficult to know for sure, but in fact if borrowing money is done for gambling, this will create conditions that are detrimental to both parties, not only the party providing the loan but also the party taking the loan to gamble.
They will be under pressure to return the money and really feel they have to pursue victory, this kind of condition will be very difficult for everyone who experiences it.
On average, gamblers who experience something like this will make much bolder decision, namely increasing the amount of the loan and betting carelessly, the accumulation of debt which can ultimately result in various bad impacts such as criminal acts or tragic events to suicide because they feel unable to face all the problems that occur.

People who get addicted always tend to lie just to cater their gambling habit, if you know that person very well for sure you will not lend them a money that they will just burn in playing gambling, but sometimes humanity wins people give them money because they get carried away with their white lies but once they need their money back its their struggle to pay off because they wasted those already and they didn't even win a single game that manage to earn back their losses. Im not fan of having a debt and if you know that you will just throw it away in just a useless things.

It is a though place to be in. Due to peculiar way I am managing my betting bank and hotwallets I am always borrowing or lending money to people.

When I am borrowing I have few great guys from the forum I know I count on and on the other hand they know I am good for it. Those are all loans without exact return date and without interest. On the other hand I usually pay back at least a bit more and they have an option to get money back inside 24 hours if they need it urgently.

When I am lending money to other people, those are usually relatively small amounts and I consider them as lost the moment I give them out. Don't get me wrong, I expect to get them back but I am in a mental state where if I don't I wouldn't be surprised or allow that to ruin friendship or family ties. Of course they wouldn't get the money next time but I would let it slide for close friends and family. When talking about unknowns, like people on the forum here I don't know, I still write off that money but would hold them off to their ward and demand payback. Failure to do so would be red tag offense, not immediately but after several missed deadlines for sure.

Doesn't matter what they need money for as far as I am concerned. I trust them that they have their vices under control enough to not ruin their lives. If I see it isn't so I will try to give them some advice but that is it.

I really don't want to lend money, not because I need it, but because it feeds these players who want to place a bet, and then another one, and then again and again. If many people start lending to them, they will feel that it is not their money and in the worst case scenario, they will not return it. Some players have this illusion that the money they lost was not theirs, so they can safely not give it back. But the funniest thing for me is that if this player won the jackpot, he would of course decide that it was only his money, which he won with his luck.

The thing is you might choose not to lend the person that money because you know that the person wants to gamble with it, what would you do in a caae where the person lies about about what he or she wants to use the money for and then loses the money in gambling
This is something that happens to a lot of people eap close friends, a friend of mine borrowed someone Ten housand naira because he needed the money urgently, but the person couldn't pay back after a few months he found out that the guy is a gambler. If you aren't comfortable with lending out money don't do it

Right, the point is to make sure that we will only lend money to the right people in the sense of people who are really in need in emergency situations such as for medical expenses that you mentioned, on the other hand I see that many gamblers always try to make loans as an alternative to meet their gambling needs by saying various reasons so that the borrower can trust and provide loans, meaning that many gamblers try to abuse the kindness of others in the context of loans.

Doing various ways to ensure that the person will really be responsible for the loan they take is an obligation for a borrower, at least ask them for something that can be used as collateral and I would also suggest making a written agreement where at least it can help you a little to collect. On the other hand lending money to someone who is identified as being involved in gambling is a big problem, in the sense that we know that when a gambler dares to borrow money then it means that they are already in the addiction phase and clearly in most cases usually they will most likely not pay their debts because when they have money they will definitely prefer to gamble the money rather than pay the debt.

So before you lend money, make sure that the person is not involved in gambling, and if it turns out to be true, then it's all up to you, please lend money as long as you are ready to let it go.

Taking a loan to gamble is literally moving some of the risk to the person who gives you the loan.

If you win, you pay them back, but you do not share the win.
If you lose you tell them you're broke and they have to work through sweat and tears to get the money back from you, most likely in installments.

The only situation where I'd lend someone money for gambling is if I had collateral and that person promised to give me a bonus if they win.

It's very common for these same friends to ask for money to borrow for bets via text messages. In addition to the potential headache, you run the risk of being scammed by someone pretending to be your friend, since his chip was hacked with SIM Swap.

Always confirm with your friend that it is really him who is sending the messages. Ask him to send an audio message stating the amount and payment date, as well as a password that only you know.

I almost fell for a scam.

We will not advice anyone to borrow money for betting because that gives a risks to them. They will not know what is the risks especially if they wants to continue their gambling activity. Borrowing money for betting will never be a good solution for those who wants to playing gambling as they can lose that money and will difficult to repay the money. It is better they use their own money to betting than borrow the money from other people especially if they decide to go to loan shark because that will be a worst decision.

We can only advice them not to borrow money for betting but we can not force them to follow our advice. If they still decide that way, we can lets them do that and get the risks because we already suggest them not to borrow money for betting. Once they get the risks and have difficulty to repay the money, they will feels that what we suggest to them is right and we can hope that they gets the lesson.

when friendship has become friendship in my opinion helping each other is a natural thing to do, even I think it is mandatory even in financial matters, but what must be considered is the purpose of using the borrowed money for what. if the money is for important needs such as medical treatment or other reasonable things, maybe it doesn't matter, but if the purpose is to be used for gambling, of course it is not a good choice to lend it, because when someone borrows money to gamble and we lend it to them, it is the same as supporting them to continue gambling even though that is not true.

what you said is true, friends who like to gamble tend not to return the money they have borrowed, maybe what makes them not know themselves by confidently borrowing money again and again with their words promising to return it in a short period of time, that's just nonsense because I think even if they win, it is unlikely that they will remember their debt.
I myself will help even in financial matters if it is clear, but if it is for gambling, I will not, even without thinking twice, rejecting it spontaneously is the best choice.

As for me, I don't borrow people money that I can't afford to dash them, so that even if they don't later pay, it will not hurt so much. I hardly borrow someone money; instead, I can dash them unless the person drops valuable property as collateral, and when they pay back the money, they can get it back. People always have sweet mouths and act nice when they come to borrow money, with pity and sweet promises of paying back on time, but that's not the truth for some of them. borrowing some people money can make some of them even turn into your enemies, and borrowing has caused a lot of damage in friendships. The best someone can do to avoid all these sensitive situations later is to not borrow people money that you can't afford to dash them.

Some of people didn’t know what there doing if what we lead me to for a friend and ask him to borrow me money just because of betting some will even go and take a loan, what if they all the game didn’t enter how will him recovery the loan, I can never advice anyone to go borrow money for betting I can only advice anyone who’s interesting on gambling to accumulate money before betting rather to for a loan.

The friends of today only know a person when there in needed of something urgent is that very day they will knows you as a close friend, but once they achieve what they want they will definitely far away from you so that you will know see them to ask them or to know the actual date they can return the money they borrowed.

Don't lend to anyone unless they need money for emergencies and medical treatment, even we have to be selective to lend to the right person, choose those who are responsible to pay back on time. However, if we lend to irresponsible people, they will always avoid you and they have many reasons not to pay the loan, the lender will look like a beggar because they always ask to pay the loan. People suggest not to lend to gamblers unless they provide collateral to guarantee to pay the loan, but relatively gamblers will take additional loans according to the price of the collateral rather than pay the loan.

People are always friendly when requesting a loan, they will talk to you calmly, just to convince you to give them the loan, but immediately they get it, they will pretend they don’t even know you, and when you try calling some of them, they will stop picking your calls. Giving out loans is easy, but collecting it back is always the difficult part. A few people will take loans from you, and they will pay them back without giving you any problems. So when giving out a loan,  it should be for something important and not for gambling or other things that are not really necessary.

Emotional people always end up making the worst possible decisions in life. An example of this are people who spend their whole lives buying lottery tickets to win the big jackpot, but end up financing the lotteries so much that when you look back, it would have been better to have invested in a business or financed their child's college education.

It's one thing to play for fun and earn a few bucks every now and then, it's another thing to put your hopes in the game.