Topic: Quit gambling and Invest in gambling. - page 10. (Read 1363 times)

I don’t think you got what the op said in his post. Op does not gamble what he does is to look for a gamblers most likely one with addiction problem that has lost his bet and has no more money to continue his activity there and lend them some money to continue their betting activity that’s what he means, not him collecting money to bet rather it’s him that’s giving money to the other party.

Back to the Op, how do they repay you? I know that gambling is a risky activity and as such it’s very powerboat those you gave money won’t be able to pay you back if they lose the money you gave them and if it involves an addict you’ll only get clumsy excuses so what measures have you put in place that guarantees you get your money back? I’m just curious to know because this seems like a very risky business to do.

It’s easy if you have the money, you can just create a gambling site, but you know you need big capital before you will be able to do that, you can’t establish a gambling site with a little amount of money, and you can also be a gambling site agent. It happens well in my country, you can just get a shop and you will be a gambling site agent, people can come to your shop and they will gamble, and you will be given a percentage from the gambling site. I'm sure this doesn’t require much capital, with little capital, you can start this, compared to establishing a gambling site.


Maybe you are just trying to cause problems for yourself, or you are trying to lose all your, you are trying to take the wrong step, and you are encouraging gambling addiction. You shouldn’t give out loans to people who have lost reasonable amounts of money. If you have lost all the money you have, then you shouldn’t go to the length of taking a loan. That’s terrible. I will recommend you don’t really try that, you are going to cause more harm to society.

By reading the title I thought you're going to quit and invest on casino itself. But that's not the case since you planned to become a lender of those gamblers who still want to play but running out of budget. I don't think this is a good idea and a risky move not only for you but for the borrower as well. You're taking advantage their eagerness to continue playing even to the point they will even give a collateral as an assurance that they will pay back.

Well, that's your strategy. But IMO it doesn't feel good to take advantage the weakness of others for your own benefit. Gambling is addicting and those who are in that position, must be advice to stop, don't tolerate and don't push them to their limit. In this case, that's what you're doing even you consider it as your investment.

That's the worst ways to ever think of investing in gambling rather than gambling 'em funds by yourself... Why would you think anyone would just agree to getting loans just to gamble?? Secondly, what's the tendency that these games cut and they're able to pay you Back the original funds, talk more of the interest??
It could actually be a good thought for you, but I wanna keep it real with you that - in reality, these things ain't just flowing the way you think..

Sandra 🧑‍🦰

This is unbelievable, you mean you gonna be sitting all day in the gamble house lending money to gamblers? Oh shit, the predilection is that one faithful day you might gonna come back from retirement and join in the game once again.
 This is a no no investment, this can't be Investment you'll by this only be investing into problems and losses. The last thing you or an investor should be doing is loaning money to a gambler a losing one in this respect. Save yourself the trouble and brainstorm on another fairly productive ideas to invest on.

We have different opinions when it comes to exploring ideas and engaging in activities that either brings positive or negative outcomes. Quit gambling and invest in gambling, what's the difference because this advise is mainly for those category of influential men that has the monetary revenues required to generate or start a gambling site or center. You're right, lending a gambler money to use the exact same borrowed money for gambling, more like killing him indirectly and slowly. I don't approve such aides, instead lend money to explore in other businesses that will serve potential resources.

You may be successful with this type of investment but you are also putting your co-gamblers in a very bad situation. It's good to offer money assistance with those people who are badly in need but never with these gamblers as they can't resist your offers and will only use the money to satisfy their gambling habit and addiction. In the end, even if you are holding some collaterals, that will never guarantee that they will pay you back.

And how do you expect that they can pay you as sooner as possible when they don't have any money left due to gambling. So the scenario here is they will just leave the collateral to you and they won't dare getting it back unless if that collateral is worth a lot of money that they really need to get it bcak.

That's defined as loan sharking. It's unethical, it's immoral, and it doesn't help the problem.

If you have found the ability to stop gambling, you should allow others to do the same.

What if someone came up to you in your lowest points in gambling, or at the time of your worst session, and said that they can allow you to continue for collateral and high interest? You might just have taken the offer and upon loss, may have been up for consequence. If you can see that slippery slope through my post, I hope you can see how it's not a humanitarian thing to do the same thing.

However, gambling isn't humanitarian, so, I suppose do as you wish. I would hope you find a better path than this soon though.


Yes, it's not hard to succeed as a loan shark. Though you are no better than the casino. Maybe worse, as you are enabling a gambling addict to continue playing against the odds when their time otherwise should be up, and allowing assets and more to be lost on top of just their own hard earned money.

What you are doing is like the same with what big sharks in gambling are doing. You are putting more fuel in them to never stop gambling at all, and definitely fall into deep gambling addiction. And not only that, you can't be sure if these losers will really abide with the contract and will pay your interest charges plus the principal, as they may suddenly change their location and won't be coming back to the same casino anymore.

This is not right mate. You may be getting a lot of profits but at the same time you are also burying these gamblers into heavy debts. Just think if you are in their situation, surely you are not helping them but only pushing them to their worst situation.

Totally a risky move to be done because you do know that your funds that letting them borrowed would really be played again on the house on which means that tendency on having that a hard time on repaying will
really be your main issue but since due date is been discussed then it would really be depending on a certain gambler whether they would really be that responsible on what they had borrowed or not. Totally a risky
business i should say on which you cant really be so sure that you would really be getting paid on the right time if this gambler would really be continuing its losses. Also, how a lendor would really be
making those kind of assessment or credit check before letting them be able to take up some loan? For sure this wont really be a cheap kind of investment knowing that funding
losing gamblers would really be never be that cheap.If there would really be some solid collaterals then it would really be lessening the risks but if there's none then those agreements couldnt really be able
to make out assurance that you would really be on the safe side.

I don't think this pattern of investment is even safer, because as an experienced gambler that you were I supposed you know better that gambling functions mostly around luck, which means most of your clients needs to be lucky so you be profitable enough els you are definitely going to have certain issues at some point.

Those inexperienced gamblers who have no gambling budget may aswell not have tangible collateral, except you will be having a strick collateral policy els it will be a problem on the long run, especially if you clients are having a bad day they wouldn't be able to pay back instantly and will have to leave their collateral with you and may not be able to come redeem it with the money they are owing and if you go out to recover your funds by selling the collateral, sometimes it may worth less, so it just complicated and not very safe enough

Not many people have this idea, or maybe many but it will be quite difficult to make it happen. Unless you really can do it. And it seems from what you say, this is something that can be done. Especially with the awareness that one day you will stop gambling at a certain time and leave sharing the fun in it. Hopefully your plan goes well.

But, sorry, not for this idea.
Maybe this is something interesting and profitable for you. But this seems unwise.
Someone who is or has run out of money for gambling because they have lost and they still want to play and play again, that means they are not serious gamblers, or you could say they are addicted gamblers. And by providing loans to them, with interest charges like that, doesn't that mean you are facilitating these addicted gamblers to continue playing with the risk of losing more? And maybe you will even hope that they will lose and lose so they can borrow money from you? Maybe business-wise this is really profitable, but, morally, this is not wise enough, mate. You are taking advantage of gamblers' weaknesses. And if we can't help these addicted gamblers to manage their funds and also to play gambling when they run out of money, at least let's keep quiet, don't facilitate them in even worse conditions. This is purely my opinion, because there are many cases of gamblers who have more and more debt every day because they always get into debt for gambling and become more and more addicted, because they know they can borrow money easily.

Do you think it's a good idea to earn money that way? You are taking advantage of situation where person needs help and instead of offering help, you add fuel to the fire and push him to take loan from you to continue gambling and ask for interest on top of that. It seems to me that you manipulate with people and laugh on them, call them losers. Please don't be a bad guy who abuses poor, lost guys. The only morally acceptable and responsible way to invest in gambling is to invest in casino or hold your money on websites like freebitco.in

it never even occurred to me, like you said in this thread. but in reality, this business is very tempting and very profitable with the plans you said in this thread. It's just that you need planning before doing it. There are many things that you have to take into account beforehand, including the risks involved. For online, the level of risk is very large. However, for land-based gambling, you can do it, but with the condition that there is always a valuable guarantee as the main condition.

Honestly, I don't recommend you to do it. but because what we are discussing is this discussion, so I say what I think. Remember, if you do this kind of business, especially at a land-based casino, you have to know that usually there are certain parties who manage it. either the casino itself, or parties outside the casino. and this is very vulnerable to the risk of competition. Moreover, you are a new player in the business. But, I won't interfere with what you want to do. It's just that, think carefully before you do it. However, actually, there are still many ways you can do this, especially if you are very competent in the world of Information Technology.

I think the only way one can make money from the gambling business is to either operate a casino or make and bankroll investment holding on the casino and this anything outside that is a high-risk attempt that may result in losses and considering lending money to a gambler is like gambling yourself, there is a tendency that you lose some or all the money.

So that way that the mate wants to go is going to lead him to sure lose,  because he may not have any guarantee for a payback.

This sounds like an absolutely awful idea and is basically a form of loan sharking / illegal money lending that will lead you straight to jail in many countries. It's also a pretty horrible act to be preying on people that are feeling their lowest and most desperate, not that I believe that you're doing this at all because it's such a foolish idea. Unless you take collateral, which you seem to describe as optional, then you are unlikely to come up with any contract that could stand up in court if you had to pursue these people for non-payment. I cannot picture any legit casino or bookmaker wanting you hanging around the place either, because of the heat that you would bring them when people start complaining.

Before I dish out my own cent, permit me to ask you this question. How much are you willing to lose if things don't go as planned? It's not just about the money but your future as well. You know borrowing money to gamble is not a normal thing and someone who is borrowing money to gamble may have a problem with addiction and consequently, they may not be able to pay you back. Even if they do intend to pay you back, there's no guarantee that they'll be able to win enough money to do so. As a gambler that you are too, I hope you know the ethical implications of lending money for gambling, are you comfortable with potentially enabling someone else's addiction? Forget about the agreement, even if you have a well drafted contract, there's still a risk that the borrower won't be able to pay you back.

The bottom line is, this idea is not welcoming one unless you are willing to give charity. A total dangerous business to think of.

So, your venture is to be a predatory loan shark with problem gamblers!? Well, good luck trying to get your money back. Are you also going to team up with local Italians when you're making these people offers they can't refuse?


Honestly I don't see this working. People that will go as far as to lend money to gamble would never pay back even if they had more money. They'd just find ways to gamble it away too first.

It's still not quitting gambling if you are still up to making money in gambling-related stuff such as providing loans to gamblers, you are still gambling though you call it invest in gambling. The gambler who loses his capital again after taking a loan will have no chance of paying the loan. OP will only profit if he loans less than 50% of the real value of the collateral.  

There are some other ways to invest in gambling, like creating your own online casino. If you have the funds to loan to gamblers, I think you can use the funds to instead build a reputable casino.

Really indeed risky on which it is really that likely that you wont really be getting paid in the end of the line on which same as you said that they might be able to present something in terms of collateral
but you cant really be that able to verify if those things are really indeed belongs to him. Making processing of those loan amount wouldnt really be needing to take long and for you who do give out that kind of
loan will surely be trying out to make those transactions to be fast as possible which it might really be causing out those missed information or verification on things. Its true that once a loser
and trying out to take up some loan into someone or does have some offering then it does signify that he doesnt have that money anymore in his bank or pocket?
It would really be that impossible that they wont really be that getting their money first on the time that you play.

This is why it is really that safe to assume out that they are really that in verge of those situations who doesnt really have that fund anymore.
Therefore, it would really be that so risky that you would really be granting them on some loan, chances on not on getting repaid would really be
that high.