Topic: Quit gambling and Invest in gambling. - page 3. (Read 1363 times)

It's great to utilized a solid idea immediately because it do saves us from unnecessary losses which we will never do actually comes realistic. Lending money to gambler? I would confidently choose not to give anyone money, instead they should hustle on themselves. I'm quitting gambling without a second thought, it has frustrated me and I've lost quite significant money which I'm aware if I started working on some promising projects, that means I will start  earning from the good days. Lending money should be carry out on a orderly instructions like any other days.

You can say a lender giving out loans to people without demanding anything as collateral is gambling with his funds as well. But it’s a gamble that the lender is willing to take. Having already known the lender and his capabilities, the lender might have (non ethical) ways of getting his money back from people that might default on their payments.
While I don’t think any reputable financial institution or any sane person would give away loans for the purpose of gambling, there are always people who would still give loans for such purposes.

As for someone who do have plans on letting those gamblers granting up some loan then i could say that it is really something that i dont want to do so, considering that you are providing someone or granting them
some loans which you didnt even know.  Making some in depth verification? that would really be still time consuming and there's no way that you would really be able to know it out on a short time.
Therefore, i do really see some serious risks for those who are planning to make people lend some money on which you cant really be able to tell whether you would really be repaid back or would
really be just considered to be a total loss since they cant able to repay those amounts.

Also, its never been that ethical or something that would really be that good to take advantage of those gamblers on the verge of that huge losses because you are really that taking
advantage of them on which they would be likely be getting those amounts or loans and trying out to make collateral on everything that they could possible have.
Do you really have that kind of emotion on having no sympathy into their situation or condition? Yes, business is business but we cant really be able to deny that
it isnt really something to be that ethical.

It's like investing in a Ponzi scheme,  how can you lend money to someone to gamble with,  that is the most irresponsible thing to do as most time gamblers lose all their money,  and that is why we have always warned against taking gambling as a means of making earns needs and also taking it as an investment because doing so will cause you more harm than good on the long run,  most times some addicts things that they have the most sure games and at that,  can boldly request for loans just to gamble with and at the end,  they will still lose the bet and money will be wasted.

So anyone that lends a gambler money to gamble,  is just risking himself and should take it as if he is gambling with that money himself.

If one lend money to a gambler that means the lender too is also gambling because there are always a possibility that the gambler might lose or win but if the gambler win, with the joy in him or her, they might give you back the money or even add extra to it, but just imagine if the gambler lose the money you lend to him or her.
As there is no sure odds in gamble, I don't think a gambler can always.

For me it’s kind of unethical, lending money to an addict is totally wrong even with a collateral. It’s like you know that person is hurting himself and you are the one helping him and pushing him to do that, there’s no difference between lending a money to a gambler to lose that money and pays you back in certain way that he hurt himself first and his family around, just as lending money to an alcoholic person or drug addict.
There’s a story in our region that really happened, a person made a fortune from lending money to people that he know they can’t afford paying him back but with a collateral such as houses or cars. He always get their assets and sell them or keep them. This person still living a luxury life but I don’t know how his consciousness is in peace.

Your plan is not an investment but a crime to me! Still my point of view

I think no one lends money (especially to gamblers) without collateral, so if a gambler loses, then he can simply admit this fact and simply forfeit his collateral, rather than invent ways to get new funding. But I agree that although the majority of gamblers are adequate people, there are many addicted people, so engaging in this business for many people can have an immoral connotation.

The last thing I will ever do is lend money to a gambler as a way to assist them to gamble more, a gambler who have gambled until he or she lost all their money also have the potentials also lossing the money they borrowed, or was lended to them, and we all know that, if a gambler loses the money he or she borrowed to gamble, there won't be any way for him or her to pay back the money except he or she looks for an external source.

So for me, I completely disagree with the Ops idea or method of quiting gambling to invest in it rather, I will rather play the gambling myself than lend some one money to do it.

Lending to gamblers is tricky but possible to run a good business from. As a matter of fact, the Lending section of this forum is financing mostly loans for gambling or trading.

But doing this locally in your neighborhood where everyone knows each others underwear colors, it would not be recommended. Either run a pawn shop or be a shark in your local, which is often the case in many under-developed countries. These lenders need to have connections with the local police, mafia and goons in order to live. Its not a safe job at all.

I hope the OP finds something else to interest them, like investing in a casino bankroll, like I suggested to many others.

Actually the gambler should understand the real game,because the better way to win the game was use the money which doesn't affect your monthly expenses.If you want to survive in the gambling for the longer period,it's better to use the money which doesn't affect your monthly expenses.So your family will not affect because of your loss in the gambling,Your wife also don't ask for your loss in the gambling.But remember the loss match will be in your mind always.So the gambler who loss huge money in the gambling will not repeat their mistake in the loss match.The continuity in the game was the important one in the gambling,many gambler forgot the mistake in the gambling and use to loss the money many times in the gambling sites by the same mistake should be avoided.

I don’t even know what the Op was even thinking before coming up with this kind of idea. I can say that most of the people that will take the loan from him will end up losing the money, they won’t be able to multiply the money because they will be gambling under pressure, which they will end up losing. This kind of idea by Op is really wrong, and ideas like this will end up causing harm to our society. We all know people who will take loans are mostly addicted gamblers, so if they take loans and waste them on gambling, some of them might end up doing illegal things to be able to pay back the loan that they took.


Just gamble with any amount you know if you lose, it’s not going to affect you, and if you've already reached your limit, it’s just better you stop gambling at that moment. Don’t even think of keeping on gambling because you might end up regretting it if you continue gambling. So when gambling, always set a limit for yourself, and when you notice you are exceeding your limit, just stop. If you are using that strategy, I am sure you will never regret being a gambler, and you won’t do odd things just because you want to gamble.

Wow, your investment idea sounds good and funny at the same time, you as a gambler tells the other behavior of other gambler nowadays, sincerely speaking your idea sounds good but sometimes it might lead to a fight and quarrel, remember you're dealing with local gamblers who grow annoy over little matters and problem will definitely come maybe the pay back, some people have this bad habit of not paying debts and it may lead to fight.
Your idea at the same sounds bad, when you provide loans for angry gamblers who loss to a bet, of cause they will accept your loan and decide to play now what if the person didn't win the bet will you still give that person another loan?, when you keep providing loans for that person I think you're indirectly destroying the persons life. The worst part of it is most of these local gamblers don't even work so how do you expect them to pay you back. You're idea is not worth it dear.

It seems to me a foolishness. So what are your initiatives that provide loans to gamblers to experience and succeed in gambling?  But I feel that your initiative will make those gamblers more unsuccessful in their lives. Because I think too much gambling depends on luck and the amount of experience or skill needed doesn't matter much to be successful in gambling. Rather, I think that people who take loans to gamble despite having no money are addicted gamblers, and addiction can never bring anything good.  The basic rule of gambling is to invest as much money as one can afford to lose. I think those who break this rule and gamble will only add more stress to their lives.  So I would say your idea is a bad idea.

High likely that you might really be ending up with conflict.Why? we cant really be able to conclude that those losers would really be totally having no money left into their bank. So what are your methods or ways to know if a certain gambler is really that eligible for the said loan or trying to approve out? Pretty sure that it would really be that already that too personal if you do dig in deeper about someones financial capacity.
I dont know on how those lendors would eventually do it for that kind of background check. Yes, someone could really be able to take up the risks considering that loan amount would be big and same goes with the
interest that you could really be able to patch it up on which it is really that profitable.

Somehow i do agree on some points above that it isnt really that something to be that ethical considering on how you are really that taking advantage on someones demise on gambling.
It isnt really that necessarily means that they are losers but making use as an advantage on someones tough situation doesnt really look or sounds fine but well
our conscience is really the ones that would really boggles us on which its up to you whether you would really be gonna dealing with it or not.

Think about this decision again before you start this type of business; however, this is not even business and is not a nice idea at all. Everybody wants to invest where they will get their money back with profits, not where the capital will finish and nothing will come out of it. However, you said you would be lending losers your funds to play more games. How sure are you that after giving them that money, they will win the game? There is no agreement or anything you will do if you lend them money and they don’t get what they want to pay back. In the end, you will just leave them.
 
However, it seems like you are viewing gambling as a business where you will make money, right? I just hope you will quickly change because gambling can never be a way of making money. If you want to quit gambling, just do it and forget about gambling. Then you find another thing to do to make money, or you go back to what you were doing before you started gambling. I think it’ll be better than lending gamblers money.
 
However, if you said you were a gambler before and you decided to quit, but you will be borrowing people who lose in gambling to gamble more, how sure are you that you will not go back to gambling? I believe you will continue gambling because you will be sitting around them while giving them money, and that feeling will still be there.


You can't succeed in doing it, mate. My reason is that you are there to borrow their money to gamble. When they lose and are willing to gamble more, which I believe in any business, you will want people to patronise. You don’t have a problem with whether they know how to do it or not. Your own is just for them to come and lend, then later pay back with profit. So how will you make them budget for how they will gamble? It will be impossible when you also want people to lose and come and lend money from you.

Well, when it comes down to it and it has to do with betting and investing in plays or even copying the plays of others, it is putting money at risk, a latent risk that Sometimes does not want to be yours but even so things can't happen. give according to what is being asked to put money in the hands of others or decision-makers of others to be able to have Access to more money , I do not see this as something fundamental, I consider that people are very decisive in doing things well That is to say, if we make or believe that a bet on a sport is made, the chances of winning are 50% yes and the other 50% no, it is something that we cannot change, when there are bets or investment of bets for other things. Whether they are groups, or by other people under what they get their bets, it's the same thing, it's as if we were betting only hiding that we only put the money and they put the risk or the whole style, here I am very knowledgeable in the range of To clarify concepts, everything that involves internal games in a casino cannot be called investment, the same applies to sports games, because it is already gambling, what does not apply is trading, investing in other things.

I have a clear concept that investment is and consists of Buying Bitcoin and waiting as long as necessary until you see profits, or buying real estate, or making a bet on gold, buy gold and wait, but in sports betting, I think that That is not called an investment but a risk, in itself everything that involves being in a random situation is a risk and is putting money in danger, and that is something that must be seen and considered as such, for That is that we are people who must do things very well to be able to have the best profits, and the implications are not to confuse the concepts, because if we enter an exchange thinking that trading is like the casino that is to do gambling Well, we are Wrong

There is no crime in leaving gambling. I mean, don't gamble, and yet you invest in gambling. You can stop gambling and allow your money to do the work for you. Although the OP's strategy is not a good one, we can make an investment in gambling.
 
Casino owners are investors in the gambling sector. You can also be a shareholder in a new casino, which is also a form of investment in the gambling sector. When you do the thing right and with the right organisations, you can rest assured that you will be at the right place and your money will be generating profit for you.

So such a form of investing in gambling I see it as a good one, but walking into a betting shop and giving someone my money without a guarantee to gamble with is the kind of risk I can take, as it will also end in conflict.

Many casinos have that section for investors if they offer that. And for those that have seen the tokenizing of some casinos, it is effective for them because they treat their investors as partners. While for some that offers investment, they don't have that tokenization of their assets or shares for the dividends.

Well, any way of tokenizing it seems to be effective as it gives the idea on how the economy of the crypto market and not just the side of the casinos. ANd they're more intriguing and interesting if you hold their token and they distribute the dividends in the form of btc. That's going to be more attractive for real.

Yeah, whether they will give you their tokens upon investing or not. What matters is your affordability to invest your money in the casino of your choice and always be mindful of the risk.

And you think that investing is not gambling? Sure, it gives you the feeling of having more control, but in truth, anything could happen and you would not know until it is too late. By the time you realize that something has happened, your investment has become worthless. Just look at examples like LUNA. Who would have thought that a "hack" would happen? Who knew the owner was not doing things as he should? Nobody from the investors.

I agree that you will make more money investing than with gambling, but nothing is safe. Everything is risky. Its important to remember that in life.

If it is about ehticality and the things which the lender believes in, then I can understand the point on not giving loans to gamblers and those who have problems of addictions of any sort.
Keeping that point in mind, then I would certainly try to ask for the borrower for some information on what they plan to do with that money I would give them.
Also, this makes me wonder how loans work in countries where the Sharia law is the main form of government, like in Iran. Because as fas as I know, muslins are nor supposed to ask for interests... Not even mentioning the gambling prohibition they have.