Pages:
Author

Topic: Quit gambling and Invest in gambling. - page 12. (Read 1363 times)

hero member
Activity: 1428
Merit: 653
Next Generation Web3 Casino
November 14, 2023, 12:32:18 PM
#23
Other note is also gambling because lending money to those people who ran out of money during their gambling period is not safe and how smart do you think to make a concrete agreement with them before giving out your funds. Have you also forgotten that giving or lending money to gamble is not a good business? Again how do they manage to pay you after gambling with your funds and it happens they didn't win anything during the cost of placing bet. Do you also know that any gambler who doesn't have additional ways of income can never pay you your loan indirectly you are gambling if you don't know because gambling is a game of probability.
legendary
Activity: 2352
Merit: 1087
November 14, 2023, 12:29:23 PM
#22
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.

I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
I hope you realize how dangerous this can be. personally lending money to gamblers, possibly an addicted one can either cause you to lose money or put you in a pretty messy situation. if I were you I'd invest it on something else.

at first, I thought you were talking about investing in the actual casino, I remember this happening a lot several years ago in online casinos, not sure if they still accept investments from people.
legendary
Activity: 2394
Merit: 1049
Smart is not enough, there must be skills
November 14, 2023, 12:25:40 PM
#21
It's your choice where to put your money, but I think lending money to gamblers is quite stupid considering that gambling carries the risk of someone losing their money and no one can predict someone's luck. Instead of avoiding it, you are actually putting your money in the hands of gamblers and hoping they will pay, which is quite difficult considering that most gamblers will act aggressively when they are not happy about being collected on their debts and it seems like this kind of business is not worth it.
I will consider the same that it is a stupid act to borrow money from gamblers hoping to win and pay back with high interest, remember there is always a risk compared to other businesses we realize that gamblers are just lucky while the OP lends to gamblers who are losers out of money yes this is clear what we all think that it will all be at risk.

Even many gamblers have resorted to violence because of the noise caused by being charged continuously while he does not have the money to repay the loan, I think almost many disagree that loans to gamblers.
hero member
Activity: 1162
Merit: 752
Rollbit - Crypto Futures
November 14, 2023, 12:19:09 PM
#20
How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.

I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
I think the planned agreement that you will make with several players cannot be a solution to make a profit when you stop gambling anymore.
It is too risky to lend money to players who you think have great playing abilities. They have never won consecutively in gambling games and from previous gambling experiences, no one has succeeded in making a living through the gambling business.

It is better if you plan to make a profit while not gambling anymore by becoming a financier for several businesses. This is more true with written agreements including profit agreements.
legendary
Activity: 3192
Merit: 1198
Bons.io Telegram Casino
November 14, 2023, 12:16:46 PM
#19
It's a risky business I have seen loan sharks who invested in gamblers and in the end they put their lives in danger, you cannot demand on gamblers even if they offer you collateral they will think that you are the one who ruined their lives when you keep pushing them to gamble more.
Only thugs and syndicates do that because they have the means to make the gambler fear so they will pay them the loan, if you're not a thug or a head of the syndicate better think of other business, it's not legal and people will see you as a perpetrator of vices. 
This is as a considerations why i am adopting a concrete agreement system as earlier stated.... To maintain a better security in demands returns .

Honestly, you have to, you have to think between profit and security,  I think you have already addressed the conscience part so it's between the two, I believe since you are also a gambler you know how gamblers think and what they want so you can figure out who deserves a loan and who isn't.
Legality is also one issue, in casinos everything is done legally in case you have to take a credit or loan from someone, casinos can provide you with one but casinos will deny association with the lender it's just their way to keep money coming.
full member
Activity: 322
Merit: 146
November 14, 2023, 12:06:31 PM
#18
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
If you are able to start an online lending business, it is better than this and you will make money from it. If it is lending money to gamblers, you are not making the right decision because it is bad to even lend gambler any money at all. In gambling, one of the rules is to not borrow money to gamble. As a gambler, you supposed to know this.
That would be put in considerations as the thought just came into me at my asking myself on how long I want to keep gambling.
Thanks @Oshosondy for this ideal though there had been analog models before digital modelity was introduced so I can say that if I am finally going to venture as planned, I Will be consult some experts but nevertheless would I trash that of your ideal of engaging an online.
full member
Activity: 322
Merit: 146
November 14, 2023, 11:58:28 AM
#17
To me it sounds like a story that could be made up, like the many that people make up on the forums, but for the sake of argument we are going to take it for granted.
Maybe your argument may offer me some educative lessions.
I literally do not understand what you mean by "story that could be made up likely from people in the forums".

However, the thread is throwing out to the public about my future plans considering to quit gambling and taking advantage of the gambling table. So what is the impossibilities about my plans that has to be such stories like others in the forum aside the toughness it would have  me in obtaining my returns after lending to the gamblers?
hero member
Activity: 2926
Merit: 567
November 14, 2023, 11:56:37 AM
#16
It may be a profitable business but a lot of risks morally and legally, you have to know the motivation and character of compulsive gamblers, one of my friends experienced when he lent money to a compulsive gambler who just lost in a casino with collateral a motorcycle, and the gambler eventually lost of course, but he keeps blaming my friend from lending him, and to make matter worse, the motorcycle has two owners, he was charged for not checking who owns the MC and since loan shark is illegal here in our country he has no choice but to give back the motorcycle.
This is just one story and there will be a hundred more stories, for every gambler you will give a loan there are possible repercussions, and if your business is illegal the gambler will have a reason not to pay you.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
November 14, 2023, 11:47:29 AM
#15
Loan shark. Hmmm. Dangerous.
I thought I was going to read about the true gambling investment that is being offered by many gambling sites here in the forum. I think Freebitco.in has that feature too.
This will be a hard task to do considering how many scammers are out there in the cryptocurrency industry.
You might want to get some good collateral for this and it would be best if you post this in the lending section of this forum.
Targetting the gambling industry means more risks because it's a fact that gamblers lose more than win so there's a chance they won't pay back on the set date especially if their salary cannot cover it all or they deplete it again by gambling more trying to double the money before they pay you.

All I can say is, good luck and I hope it will be a successful one.
full member
Activity: 322
Merit: 146
November 14, 2023, 11:42:24 AM
#14
It's a risky business I have seen loan sharks who invested in gamblers and in the end they put their lives in danger, you cannot demand on gamblers even if they offer you collateral they will think that you are the one who ruined their lives when you keep pushing them to gamble more.
Only thugs and syndicates do that because they have the means to make the gambler fear so they will pay them the loan, if you're not a thug or a head of the syndicate better think of other business, it's not legal and people will see you as a perpetrator of vices. 
This is as a considerations why i am adopting a concrete agreement system as earlier stated.... To maintain a better security in demands returns .
sr. member
Activity: 350
Merit: 335
November 14, 2023, 11:40:18 AM
#13
How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.

I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
I have a colleague that ran this type of business in the hostels during his university days. He was not involved in the gambling but only lend money to the gamblers at exorbitant interest rate. By the time the gambling was over everyday, he was usually the richest among all the participants. As a matter of fact, 70% of the total funds usually ended up with him.

I don't know if it is the same model the big casinos use but I see a lot of similarities
full member
Activity: 322
Merit: 146
November 14, 2023, 11:39:26 AM
#12
How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.

I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
This is bad and do not think this should be done by anybody with a conscience because you will be taking advantage of people who are vulnerable to gambling and are unable to control themselves especially after losing money. You will be enabling people to chase their loses. If you are offering money to people who have lost the money they had to gamble with that day and striking a deal to collect collateral if the loose, you are also taking from them as the casino they are gambling in.
No conscience in a legit business my dear and there is also no conscience in leading the winning of a gambling table.
Besides... Gambling is  an utmost game for the fittest so if you can't beat the obstacles you should just desist from it.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
November 14, 2023, 11:28:36 AM
#11
How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.

I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions

This is very popular IRL casino since I know someone in our office doing this as side hustle during weekends when we are day-off. He has a lot of property now that he acquired through default loan for a very low amount. This is really profitable but guilt of letting people loose more is my biggest concern on this kind of business that’s why I just play instead of lending money o addicted gamblers.

Some online casino let you invest on their bankroll and do profit sharing on the profit. This kind of gambling investment is much safer for me even though the profit is small compared to lending on local gamblers.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
November 14, 2023, 11:22:56 AM
#10
How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.
Don't you think twice about investing in gamblers anymore? I've never heard of someone this way before unless you said it yourself.

Obviously this is a dangerous and risky business, even though you have a concrete agreement with an agreed interest rate what if the gambler loses and runs away leaving you with nothing? Remember that emotional gamblers are always determined no matter what is in front of them so I say this is a risky business, so my advice is not to or avoid this bad idea.

If you want to stop gambling then it's good if you have thought about it from now on, then why not make relevant investments in bitcoin that you yourself hold?
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
November 14, 2023, 11:21:15 AM
#9
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
If you are able to start an online lending business, it is better than this and you will make money from it. If it is lending money to gamblers, you are not making the right decision because it is bad to even lend gambler any money at all. In gambling, one of the rules is to not borrow money to gamble. As a gambler, you supposed to know this.
sr. member
Activity: 1008
Merit: 371
November 14, 2023, 11:17:00 AM
#8
It's your choice where to put your money, but I think lending money to gamblers is quite stupid considering that gambling carries the risk of someone losing their money and no one can predict someone's luck. Instead of avoiding it, you are actually putting your money in the hands of gamblers and hoping they will pay, which is quite difficult considering that most gamblers will act aggressively when they are not happy about being collected on their debts and it seems like this kind of business is not worth it.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
November 14, 2023, 11:16:55 AM
#7
It's a risky business I have seen loan sharks who invested in gamblers and in the end they put their lives in danger, you cannot demand on gamblers even if they offer you collateral they will think that you are the one who ruined their lives when you keep pushing them to gamble more.
Only thugs and syndicates do that because they have the means to make the gambler fear so they will pay them the loan, if you're not a thug or a head of the syndicate better think of other business, it's not legal and people will see you as a perpetrator of vices. 

It's the first that comes to mind as well. if he wouldn't mind that, he will own the stuff that is given as collateral. Same with the Pawnstar on the History channel. gamblers go to their office and show their valuables, it does look like a good business though. He only needs some big dumb guy like Chumlee but meaner.

It was told on the news recently there are few people going to Vegas anymore. This could affect his business being a loan shark. I think more people will prefer to gamble online than go to traditional casinos. If giving out loans to online users is possible, i think that will be a better route of course collateral is still a must.
hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
November 14, 2023, 11:16:11 AM
#6


I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions

They may not even think of paying you if you cannot get them on their nerves I have seen one gambler bullying the one who gave him loans, only compulsive gamblers will ask for a loan, and they will promise you heaven and earth to grant the loan, but when they won they will lie and even run to you, compulsive gamblers always in need of money and they never think of their obligation.
Once you ignore or decline a gambler for a loan they might harm you and think you are being biased toward them, so if you don't have bodyguards to protect you, forget this business, It is better to give loans to businessmen or cooperatives.
And you know that gamblers are hard-headed when they lose so how are you going to ask them to pay, they may even say that your money brings them bad luck.
legendary
Activity: 1344
Merit: 1547
The first decentralized crypto betting platform
November 14, 2023, 11:07:38 AM
#5
To me it sounds like a story that could be made up, like the many that people make up on the forums, but for the sake of argument we are going to take it for granted.

It's a risky business I have seen loan sharks who invested in gamblers and in the end they put their lives in danger, you cannot demand on gamblers even if they offer you collateral they will think that you are the one who ruined their lives when you keep pushing them to gamble more.
Only thugs and syndicates do that because they have the means to make the gambler fear so they will pay them the loan, if you're not a thug or a head of the syndicate better think of other business, it's not legal and people will see you as a perpetrator of vices.  

It's just as you say, I don't know in what contexts the OP will move (assuming what he says is true) but lending money to gamblers is going to happen for sure, some will lose everything and more, and they won't be able to pay him back. Let's see how he recovers it.

It is a dangerous business, in some jurisdictions illegal, as you say, and morally questionable.
sr. member
Activity: 406
Merit: 266
November 14, 2023, 11:05:30 AM
#4
I am a discipline and a responsible gambler but tend to quit gambling somedays.
I think I am going to be missing the whole fun of it but if I would find it difficult keeping total off it, I have thought of going around the gambling grounds (gambling tables) with a logical lucrative planning to taking advantage over the gambling tables though am not gonna be a partaker in the gambling anymore.
If you sometimes feel after gambling that you are missing out on other types of fun, it means that you are eager to play every gambling game. If you do this, gambling will only make you more addicted. And you will probably suffer greatly.  So it is always better to keep yourself under control when it comes to gambling. If you lose control over yourself and spend extra time in gambling, it can bring you a lot of harm

Quote
How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of  funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.

I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
I would advise you to quit gambling as soon as possible and use gambling only as a fun place but too much fun often leads to losses so always gamble within a limit and if necessary keep a separate weekly budget for gambling.  Which can prevent you from gambling for a long time
Pages:
Jump to: