Topic: Quit gambling and Invest in gambling. - page 6. (Read 1363 times)

Of course, although it doesn't seem to pose any risk for investment it can cause serious problems for social relations. However, I think this is also a factor in why this investment is risky because putting someone addicted to gambling into debt will bring with it various risks. Of course, when there is collateral in question, potential risks reach a minimum level but I still think that the person to whom the loan is made and the collateral product will also be beneficial in increasing the risk ratio of the investment.

Additionally, as you mentioned although loans are given to gambling addicts against collateral, unfortunately, lending with collateral doesn't guarantee that the loan amount will be repaid without any problems and in full. In other words, making money by borrowing money from gamblers can actually turn out to be a very risky option when we examine all these criteria.

It seem like it is too risky if you lend a certain amount of your money to a gamblers to continue his activities and encourage him to bet large amount.
Are you sure they will refund your money if you lose?? Even though you have gone through an agreement and used collateral because you only put money at high interest rates without thinking about the risks you face, do you know the true nature of a gambler who has difficulty controlling himself? they tend to be temperamental, if you don't have the mental strength to collect the money you lend, you will most likely lose your money, the person can also run away without a trace and you will have difficulty finding them.

It is true that gambler who are addicted will find it difficult to controling themselves so they are prone to doing anything they can to continue to fulfill their desire to gamble.
However if you take advantage of this situation it means you are no worse than someone who only care about themselves for personal gain.

My advice if you want to run a loan business with big profit is that it is better if you lend to other people (not gamblers).
And you still use collateral for the amount of money they borrow so that you don't experience ongoing losses if they don't return your money on time.

The gambler getting money from their friends for playing the gambling was the really not possible one.If the gambler was known by their friends of the involvement of the gambling and that gambler ask loan from their friends mean they won't give them 10 dollars as the loan.Because the society thought the gambler will loss the money to the gambling sites all the time,but the same friends will seek you free food when they come to know you had made the big win from the gambling.So the gambler should hold certain percentage of the money to the future gambling expenses.It help the gambler to avoid of getting loans from their friends to play in the gambling sites after some continuous loss in the gambling sites.The gambling need of gambler with tactics and allow such people to made the big win.

I don't think the OP is really suggesting the best solution for getting more profit from gambling. Of course because I think that there is a big risk in doing this business safely because after all there will be problems that will not be resolved so it is very possible to involve violence and even extortion when someone cannot pay.

It would be logical to have your own casino and invest in it if you have a big budget. I don't disagree with you, but your business doesn't sit well with me and probably most other gamblers.

Are you saying to finance gamblers or give gamblers a chance by lending them your money? If you are referring to the latter then yes, I might agree with your assumption that it might be an opportunity to lend them money at an interest rate that is quite favorable to you when they run out of money to gamble. But on the other hand I wouldn't recommend this method too much even though it seems like a profitable business, because on the other hand it's not impossible that they might run away from you and not pay their debts. That's because as we know how gamblers are especially if they are already addicted, they will do anything to get money and one of them is by borrowing forcibly maybe.

It doesn't matter but you have to be really sure and look for confirmation or guarantees that they will really be able to pay later, don't let you set a trap for yourself by borrowing from gamblers who ultimately don't pay. So the point is that you need careful consideration before finally opening such a loan service for gamblers.

Every business is risky, but in some casinos this would be riskier. As you don't know the stuff the person you're dealing with is made of, I've thought of the possibility of running such a business. Yet in most cases where the gambler takes a loan and after playing for long wins exactly the amount that can be used to pay back the loan. How would they feel? like they're doing the gambling for their lender to profit. Some other players may be too dull to pay back the loaned money as, it'll turn to serious argument and quarrel. The only good aspect of such a business is asking for a collateral, instead of money. This will make the player to pay back, to be able to get their property back. In all, It's a nice initiative, and he already knows where he'll get his target audience.


I think he can have a legal team, to handle anything that requires disagreement in the business. Definitely it'll be on the rise, but if he manages well the business will grow real fast. Also allowing the gamblers enough time to pay back their debt is cool and restricting them from abusing the loan. I mean targeting people who can't manage their emotions is a bad idea. It's like taking advantage of their vulnerability, which is not a good way to do business. Even at the law court, with a good lawyer, they can have a good stand in winning a case. For instance, targeting an addict, to make profits out of his problems. He'll definitely fall for the deal, but what happens when the person isn't able to pay back and decides to give up life. Wouldn't it be a bigger problem at the end of the OP. He'd be on losing side and most people would blame him for lending out the money knowing that the person is an addict, who can't control his emotions.

You're not exactly investing in gambling itself; rather, you're investing in gamblers. It's somewhat akin to being a loan shark, observing them play. When they run out of funds, you step in to offer cash, likely with a higher interest rate given the high-risk nature of the loan.

It's commendable that you ensure proper risk management by requiring collateral. It seems like a lucrative business, especially since gamblers may be tempted to try their luck again, especially after a tough gambling session when they're eager to bounce back.

Taking advantage of gamblers is not a problem because they will eagerly go for it as they are desperate to chase back their losses but how to recover your loan is what you have to battle on.

If you are talking of collateral, you will also get document signed if there is time for that but it is not a guarantee that you will get back your money or redeem the collateral. The reason that you will fail in the business is that it will look like they agreed on your condition on need or duress, not thinking in their right senses.

Such agreement that they are vulnerable will not be seen as an legit agreement. In fact, there is no investment in gambling and not this type.

Both your own gambling and investing in other gamblers are high risk. So I think avoiding the desire to earn from gambling. Gambling should only be done for fun and should be played by yourself. Because if you invest on another gambler it will not entertain you much.  But if you gamble yourself then you will get a lot of entertainment from here. So a gambler should gamble with a small amount just for fun without planning to invest on it. Even if that amount is lost, it should not panic you. Then you will be able to control yourself from gambling

Yes, if the debt is given against any guarantee/collateral it is possible to accept that the debt has been paid from the first minute. The main issue I want to talk about here is that if the product that is collateral is an emotional thing for the person or if a loan is given to a close friend in return for collateral, the sale of the product will be more difficult due to situation. Of course, due to the debt in question, the lender will have the right to convert the collateral into cash if the maturity date has come but this will not be as easy as it sounds under all circumstances. Yes, as you mentioned this is the fault of the person who borrowed against that collateral but it can still make the process difficult. Anyway, at the end of the day if a debt received against collateral is not paid the priority will be to convert the collateral product into cash and include the cash in the lender's capital again as part of this business.

In summary, if the debt is given against any guarantee/collateral it can be considered that the debt has been paid from the first minute. However, as I mentioned in the sentences above if the process becomes a little difficult, the process of converting the collateral product into cash may be a bit difficult.

The situation doesn't not only have high risk for the investment, but also dangerous for the social relations due to the nature of gambling addiction. an addicted people wont appreciate the agreement they have made to others. This is not a good situation for any investment. Providing funds to such individuals, even with collateral as security, is like throwing money into a black hole. The chances of recovering the funds are slim, if the lose. and the overall risk of financial loss outweighs any potential benefit. Providing funds without addressing the underlying addiction is counterproductive and ultimately harmful to the individual's well-being. Instead of offering financial funds, it is better to buy some stakes from gambling shop. that provides bigger security of investments.

Well, that's a solid plan I guess and for me to be successful on that I think asking for a collateral will be the best course of action. I think opening up a small legal casino will be good as well but I think lending first will be enough until you get good fund on it. Just be mindful that it involves a lot of risk considering it's not legal on some jurisdictions.

If a gambler gives a loan, he will gamble again with that money because his intention will be to recover his previous losses with that money and then return the loan money and gamble again with his dividends to make a bigger capital.  But these remain only dreams for them as things never go according to plan. Gambling never guarantees winning, so gambling with your own money or gambling with a loan is risky.  But if you gamble with your own money and lose, you don't have to answer to anyone.  However, if you lose by playing on loan, you have to be accountable for it

This is too dangerous and I know it's illegal but it's still up to you if you want to risk your money. We know that it is difficult to pay debts in these situations. A friend of mine told me something like this, he was the one who borrowed funds to gamble at first he was able to pay so he kept borrowing until his debt grew and he couldn't pay it anymore because of the amount of interest. The man is said to have lost his last income from the hotel near the casino. Gambling addicts often fall victim to this.

If there is a collateral involved on the process, it's already a guarantee for the lender he is going to be paid back, however, it's a very nasty situation to profit over the misery and mental disorder of someone else. Imagine you having to seize the only belonging left from the borrower in debt. Imagine you taking his car or his house, while his family is left with nothing else. Wife and children crying because the patriarch borrowed money to gamble and lost everything. Of course it's his fault, but being involved on this situation brings a very negative athmosphere to the lender's life as well. It's like a cursed money.

That is the kind of business that even being profitable isn't advisable or desirable.

I hope you consider something like this knowing and realizing how dangerous this is. It would definitely not be a very logical thing to meet the funding needs of individuals who are addicted to gambling because there is a high probability that these people will not repay the amount they borrowed. Moreover, since such people don't have much to lose in their lives, there is a possibility that they may encounter all kinds of life-threatening risks.

Of course, funding gambling-addicted individuals in return for collateral or similar assurance may seem like a profitable method but you shouldn't forget that nothing is rosy and you will encounter many difficulties after you start operating. As I mentioned, the situation you mentioned is very high risky and dangerous.

But @OP also has to think about what happens if the borrowers can't return the money they borrowed, and when that happens, @OP will definitely have difficulty getting the money back. From there, he should be able to think that he should not need to run a money lending business because of the risks and should think of other ways that can make a profit. He can create a new business where he only needs to focus on doing it so that his new business can be more profitable than when he gives loans or gambles. The level of profit he gets from his new business will only produce results after it has been running for a while, but if he keeps working hard, he can definitely see his business grow bigger so that it will generate more profits. And in running his business, he needs to be patient because the results will not be visible in a short time.

That is not investing, that is technically taking advantage of other people! You say youre a disciplined gambler, OP. but I think you really arent. If you really are disciplined, you should be hoping the same for other people too, not rooting for them to get addicted into gambling when they dont have money just for your own benefit. Let's hope for a vibe where everyone can enjoy gambling responsibly without going overboard.

Just for our goodness we should not make a person into danger situation. Investing on a gambling platform is good, there are few gambling platforms providing access to invest and provide with regular return. What OP does is not the right way of investing. Already a person is on his loss and by the time if he's been funded surely he'll go further. If he wins then the payment will be returned to OP, if not he keeps adding interest till he pays it back. This could make the gambler into more addictive and into bigger debts.