Topic: People keep asking me to borrow money, some of them for betting - page 7. (Read 1870 times)

Playing gambling to get back the lose money will not be a good idea as his chance to wins is not big. He can loses more money if he still forces himself to playing gambling. He must realizes that borrows money will only gives him more problems, especially if he lose all of his money in gambling so he can't repays the money. When he uses his money and lose, he don't have to repays the money and that will be safer for him as his risks is not too big.

He will not see what's the risks of borrow money to playing gambling. That's why he must not playing gambling using borrow money avoids it. It's better to use our own money to playing gambling to avoids many problems in gambling. We must have responsibility to ourselves when playing gambling and by avoids playing gambling using other people money.

I think you should be more careful when given out loan to people, because the tone used to borrow money is different from the tone used in payback. The characteristics exhibited during payback is very bad so you must know the person you are lending money to very well before releasing your money.

It's a simple Thing. For example you gave loan to Mr A, Mr A tells me B, Mr B comes to you because of the information gotten from Mr A. Mr B will also tell me C untill everyone is aware you are a generous lender who has money without considering you portfolio simply because they ask and recieve.

I depends on you and how you programe your loan. I think most people use loan as a business despite the risk involved. But what they do is to add colethral incase of delay payment or not complying to payment on time, which will lead to lost of property to the person who gave you the loan.


I don't borrow money unwillingly. If I have to give I give freely without a second thought, but to be on a saffer side lending money to family and friends often don't end well, Due to close relationship. It doesn't end well during pay back so I totally avoid it.

Women are considerable in terms of loan than men. Women don't feel free when they know they are owing you and it makes them find a way as fast as possible to pay back their loan, but most men are stubborn in terms of payback. So women are better in loan repayments than men.

In my language we say that whoever leaves money to a friend loses the money and the friend. It is a saying that, like all sayings, has some truth to it. And it happens many times.

Only once I left a large amount of money to a good friend and he gave it back to me. And smaller amounts to a relative. But certainly not as low as $2, 5, 10$. I imagine you live in an environment of people with quite low incomes.

Except from borrowing someone or a friend money for gambling, it's not advisable to lend out what you can't let go in this society where almost everybody is giving this I don't care behavior.
I always tell my friends that I can't give you what I feel I can't let you have forever, even when it comes to clothes.
Talk more about borrowing money to gamble where there's no guarantee of winning. The trauma that comes with losing what isn't yours can make one think negatively. Imagine encouraging them to gamble more because you feel like you are a good friend. It's important you decline in a nicer way than giving what might end your friendship in the future. 

Of course, no matter who lends money, they will not allow the person to lend if the money is only used for gambling. Because I can also think that I will not be paid when someone borrows from me. Besides, it's not good to gamble with debt, am I right?

It would be okay to borrow if the money we borrow will be used in a business that can produce a profit for us, and if it is managed properly, it is also for sure that we will get a large income.

This depends on how we know our friends. If we already know their origins, they like to gamble, it's best to never give them any form of loan. Not involving someone's finances to do our gambling is something that is quite good, in my opinion, what you said, This will ensure that friendships that have existed for a very long time will not just disappear due to our own actions. Don't push yourself too hard if you don't have anything to gamble with, this will make you much more miserable.

If a gambler comes to you to borrow money, the majority of people will be on the side of refusing to loan him that money because they don't see the need to do that, especially when the person also expects to pay back that money from gambling profit. 
 
Most of the time, gamblers don't just come clean and tell you they need you to loan them money so that they can gamble; rather, they come with some pressing issue stories that will make you feel pity for them and give you a give you a reason  why they really need that money and why you need to help them, but at the end of the day, they end up spending all of it on gambling.

I do lend some money to some of my friends who I think are really in a bad financial situation but without interest because all I want is to help, not to take profits on them. But if I know that it’s all for gambling purposes, then I won’t risk my money for that knowing they’ll only lose it all and would hardly return my money back.

Good thing, I don’t have friends who are addicted into gambling, or there might be some, but at least they don’t bother me asking some funds to gamble because surely I won’t bite their request. If they can gamble, then they should find means to provide an income of their own so they can gamble all they want.

They hide the fact that the borrowed money they are requesting is for gambling because they know that the chances of having the request rejected are high, which ends up making the situation even worse, as the truth always comes out when it's time to collect the debt or the one who borrowed does not pay the debt and postpones the debt.

I would never lend money to someone for the purpose of gambling.I know the principles of gambling responsibly even if I'm not a gambler,a gambler ought to gamble with his money and not with borrowed money.Borrowed money for the seek of gambling won't be used responsibly, that's what they didn't work for, if it was from their hard earned income they will gamble on what they can afford to lose.I've seen where two friends were fighting because the debtor refused to clear his debt all because he lost the bet,so it's best you avoid such scene,most gamblers will lose and refuse to payback the debt.

If you can borrow your close friend money to gamble, that means you are not really a good friend, because you see your friend is addicted to gambling, and you are still encouraging him to gamble more by giving him a loan. The best thing to do is to reject his loan offer. I know it might cause misunderstanding, but you are trying to help him, and that’s what a good friend should always do. How are you going to even talk about it in public that you borrowed your friend money to gamble and he refuses to pay it back? It sounds somehow to me.

I hardly lend out money that I know I can’t give to the person, if I can lend out money and you refuse to pay me my money back, I will just have to overlook it, but I know next time you won’t be able to come to my side for money because you haven’t paid the previous one.

Indeed, while your statement holds truth that they misrepresented the loan's intent and yet simply gambled it away, the dishonesty does echo a certain similarity with those who squander without deception. Though the dynamics differ in intensity due to added falsehood, at the core both scenarios culminate equally.

This action doesn't appeal to me on a personal level as I refrain from borrowing money for my ventures. If I choose to gamble, I take full responsibility for the risk and any losses incurred or gains made in order to continue in the future. Furthermore, it is within our control not to partake in gambling if we lack funds, a decision that does not implicate other individuals in our financial situation.

This issue pertains to one's self-worth and also respect for others, particularly those we are close to. Borrowing money to gamble is unwise, it can destroy relationships, as well as the faith people have in each other. It might be a good idea for all involved if this unhealthy practice were discontinued or altered.

Having this kind of return isn't always that great, I personally believe that we are going to have a lot of people keep asking forever. I personally would be VERY rich today if I could get about 15-20 thousand dollars capital, not from gambling but from business stand point. I would make insane amount of money, I am not even questioning it, I know it. But not only I have no money, but I am also in big debt as well, which means that I am not going to make that much money from it at all.

If I had a friend who I could get this money from, do you think that as someone who trusts himself and his business idea this much, wouldn't get it? I mean I am willing to take a loan from banks if I can, but I already have debt so I can't.

The probability of losing in gambling is always high; there is no assurance of winning in gambling unless someone is lucky, so I don't think anyone will like to borrow money, and he or she will have confidence to say that he wants to gamble with the money he borrowed. In fact, it is people who are gambling addicted who always borrow money to gamble and it is all because they are addicted, and when someone is addicted, they always have a positive outlook on whatever they are doing, even if they know what  they are doing is wrong thing. 


Yes, a small number of people make it in gambling every year, but just believe me, it was all about luck. It is very hard to make consistent profits from gambling. People win; they do see that they are in profit at the end of the year. For many of them, it is just once they win or twice, but with a big amount of money. If you are lucky, even if you borrow money to gamble, you will win, but the truth is, never borrow money to gamble. 

They mostly lied when asking for money then use the money in gambling because they would not tell you that they are borrowing the money to gamble. They will tell you that the money is going to be use for something important or an emergency then they are just going to gamble the money away and come back to you for help again. Gambling addicts do not learn from their mistakes but continue making the same mistakes every time and keep being in debt. When you borrow people money, do well to know why they need the money and if you know someone to be suffering from gambling addiction, do not borrow them the money because they are going to use it for gambling and continue to be a victim of gambling addiction. If they do not see any money, they will not have what to use in gambling and it can be helpful.

I was actually thinking of this. Perhaps they lied about the purpose of why they are borrowing the money but in fact they will be using it on gambling activities, will be the same as with those who directly announces it, although it would have higher intensity with the first condition because of lying tendency but things would be the same. I don't really prefer supporting it simply because personally, I don't borrow money especially for things that I am engaging myself with. It is me who took the risk in gambling then it is me to save or generate money for the next time I would be doing it again. Also, we have a choice to not gamble if we just don't have the money to do so than to push things involving other people in this industry. It'e just a matter of self respect and respect to other people especially those who are close to you.

Indeed, of course someone dares to borrow money from us looking at certain factors like what you are talking about, but also not all of them are like that, look rich and or have a lot of money, like a small thing when we have a job and or can make money every month, someone will think that we have money and savings so that he thinks he will borrow from us on that thought, it seems that this is not only necessary for people who look like they have money but even have a job, there are definitely people who borrow money from us.

Especially in a circle of friends who interact with gambling and have an addiction to gambling, they will always borrow money from us on the basis of urgency or just want to borrow because they want to gamble, that's what pisses me off the most because they mostly borrow money to gamble, even though they don't have a job or income to even meet their own needs, but for gambling they force themselves to gamble.

Maybe because many of OP's friends know that Op interacts with gambling in addition to also investing in the crypto world makes some other gamblers think that OP might have money because we know people who interact with crypto days have extraordinary profits, it could be that the stigma appears. 

Well, I honestly do not think that there will be any grown up who is working and earning money; that will come out and say that he or she has never lent someone (a friend or relative) money before cus for me, I have lent alot of friends and relatives money in the past for different reasons, some I know, and others, I don't know, since I never really like to ask if they are not willing to share, I either agree to lend the money or refuse it I am not comfortable with the request or the person asking.

And again, I've lent money to people which in return, I wasn't able to get back, I think this happens to every one of us, this is why we must be careful who we are lending money to, be he or she a relative or friend, and when the purpose to which they want to borrow money is gambling, I outrightly say no, and it doesnt matter how close I am to person, I simply never will lend someone money for gambling purposes, because I believe that one should not force him or her self to gamble when he or she doesn't have the resources required.

Apparently I get your idea that life is full of risk so if you can risk it by lending someone money for gambling or between then you should risk it, I also buy that idea but how about an obvious addict asking for loan? if you you how to get your money back in one way or the other is your conscience going to let you do such? for me I can't as long as I know he or she is going to spend them gambling I wouldn't risk it because I will keep pondering to myself that I'm heartless for supporting them to ruin their lifes.

IMO, you shouldn't lend them any money because you will never get any gratitude from a gambling addict.
If he loses money after getting it from you, he will not pay you back, that's obvious. If he wins, he will probably keep on betting until he eventually loses it.
You can get better results and keep your money by simply denying him any payment.
No responsible person will bet with borrowed money. I'd never come begging for money like that, especially for gambling. I'd be too ashamed.