Quit gambling and Invest in gambling. - page 8.

YOSHIE

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

Quit gambling and Invest in gambling.

For me, investment and gambling are two different understandings, indeed both have the same goal of getting money, but these two things have different characters and characteristics of enjoyment, as does the money used for gambling and investment.

My understanding is that gambling is included in other options in my activities, investment is also an option that is carried out in other ways, so whether or not I stop gambling activities, maybe for me it doesn't really matter, with other reasons, I gamble to gain experience and just to feel the challenge of gambling, investing in one thing that is part of life is required, while gambling is not, I mean as much as I like.

maydna

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Quote from: AmoreJaz on November 14, 2023, 06:37:47 PM

Quote from: maydna on November 14, 2023, 05:57:04 PM

~snip~

casino is not the only business that he can explore with. find his other passions and he will be surprised at ideas he may come up with. if he will continue to lend those gamblers, he will soon find out how difficult it is to collect those funds esp if gamblers are on the losing side. even if you have arrangements with them. better ask for collateral to ensure that you will have something in return if the gamble won't respect your arrangement.
in my opinion, better look for another business concept outside of gambling. but let's see how soon he will find out how to deal with gamblers.

By finding interest in other things, his mind should be able to be distracted, and he will not think about gambling because there are other activities or things he has to do. And if he can also stop gambling and choose to invest in other things instead of investing in gambling, maybe he has a chance to make a profit. But before he decides which investment to join, he should first make sure that he can choose the right investment. But if he wanted to lend his funds to gamblers, it wasn't a good idea even though he could get a return that was more than the amount borrowed by others, but he also had to think about what would happen if others couldn't pay the money back. Waiting for someone else to pay his debts can stress him out, while he may need the money for other things.

arwin100

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Quote from: Kelvinid on November 15, 2023, 08:27:01 AM

Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

The idea is good but that was a risky decision to make a deal with these gamblers to take a loan. Why? You are helping them to become more addicted and possibly, they will take additional loans until they can never pay you back. In the end, you both are the losers of this idea unless you set a limit and an agreement that could force them to pay using their collateral.

Also the risk for those borrower gambler is so high since they would provably disappear if they can't pay anymore and many incident that it happen especially in online where people can easily escape their obligation since they don't know the lender personally so no guilt feeling if they decide to do crazy decision regarding for not paying their borrowed money. But if there' collateral given maybe there's some consideration but I would still be more careful dealing or just erase the thoughts doing this business and just continue to gamble then have fun.

Some may think lending business to those gambler is profitable business but they didn't consider the risk and they would just realize later on that this is not really a good business to have when they lose a lot of money coming from a person who default a huge loan to them.

Jawhead999

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Did you really make it?

If a lending service from official institutions are not always work very well, how can lend money to gambler will work? I'm sure most of gamblers will not want to pay back their loan, they can also force you to give them loan when you reject their request for not having a legit collateral.

I'd say it's a business with small gain and very high risk, not worth it.

Kelvinid

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

The idea is good but that was a risky decision to make a deal with these gamblers to take a loan. Why? You are helping them to become more addicted and possibly, they will take additional loans until they can never pay you back. In the end, you both are the losers of this idea unless you set a limit and an agreement that could force them to pay using their collateral.

Quote

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

You might especially if you manage it well and make a secure deal with these people.

0t3p0t

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This is so risky for me if I had to do the same here in my country. Some people are willing to get a loan but are unwilling to pay and is willing to get into prison as well. 😅 Some people I know actually do this and after they get that loan they disappear and never to be seen again. But infairness, this is a nice idea of yours and this will only work with those people whom you lend money to that is close to you and you know them very well.

EarnOnVictor

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

b]How do I take advantages over the gambles while I am not gambling anymore?[/b]
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 thoughtful of you, and providing funds for gamblers who need it is a win for you and a win for the gambling house, but will be a loss for the gamblers if they are just losing and wasting money over and over again. This is not different from the arrangement where some companies would stand as a middleman between buyers and sellers and would charge their interest on the goods bought at a certain period of time.

However, the two major challenges envisaged are;

1. Capital: You need enough money for this to be successful, and the more you gain popularity, the more money you will need.

2. Recovery arrangement: This is where the main issue lies. It's easy to give a loan, but collecting the loan could be more challenging than you think, also some people will never pay the debt. Mind you, loan default is not a criminal offence, especially when it's related to gambling, so you might want to think twice.

Renampun

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

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

Several online and offline casino businesses accept investment from several investors but with varying minimum amounts, However, you have to be careful in choosing the casino business that you want to invest your money in, because some casino businesses run dirty businesses behind their backs and are supervised by the authorities. I would suggest that you take part in a referral program run by a gambling site, instead of lending your money to gamblers who are running out of capital.

AicecreaME

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Oh boy, this is a terrible idea. I know you want to profit and you want to make your business related to gambling. But please refrain from doing this investment concept because it will just break so many newbies and addicts.

You will be like a loan shark based on your statement and honestly, those people are the worst. They take advantage of the weakness of other people. They are not really trying to help, rather they are even luring you to your downfall. And that specific trait of greediness is all over your post. It's a shame if you will not think of other people's welfare and just nonchalantly put up a business where you can earn, because how about them? Instead of extending a hand to keep them away from excessive gambling, you are paving more ways for them to do so.

If you got no conscience, then do it. But if there's still humanity left in you, think many times about it and hopefully do not push through. It will just damage them financially and mentally speaking.

angrybirdy

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Quote from: Salahmu on November 15, 2023, 07:07:04 AM

Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

For me I think it will be a very bad decision by lending money to a gamber because irrespective of you both agreements about the payment schedule what makes you think that he is going to keep up to his words because there is every likelihood that before he decided to borrow money from you he has know any other place or source to get money and if perhaps he lose the gamble so how would you expect somebody like that to pay you back when he has no other means of getting money.

So perhaps in as much as lending money is a good business doesn't mean that we should lend money to anybody because one of the things about collecting a loan is that, is very easy to collect but paying back is mostly were the problem normally come from, so perhaps I would suggest that if you really want to venture into lending you could just give only to normal people who doesn't gamble instead of lending to gamblers.

Not a very bad decision but we know that it is very risky, Lending a money to unknown people who lose in gambling? I don't think it's a good idea because how are you sure that those gamblers will pay you back? when they win? By using of their collaterals? for me, If I am the lender, I'll do an intensive background check if that person is capable to pay me back or not since money is involve here. Indeed, Lending is a good business because you can earn more by payment interest but You should also be prepared for the risk and time commitment that is involved.

Broadanbig

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It is not a bad business idea mate. Once a gambler and always a gambler. Getting involved in such business would mean you always staying at the gambling house which means you will be regular at the casino plying your trade of making available loans for gamblers to access when ever they need it. However, I believe as a gambler you too know things involved when committing yourself into such deal as a form of business. Possibly, you would have to check for laws in your jurisdiction covering such business and act accordingly so as to avoid being apprehended by the law agencies. As a gambler I would also assume you know too well how the gambling lifestyle is and taking such risk is very detrimental and would require you being a thug with a high street life which would make your debtors pay back your loan irrespective of what their situation is and you too be prepared too because your debtors too would always come for you if it happens that they gave a precious collateral and could not meet up with repayment and got if forfeited, they might result to come back in a rebellious and violent way to get back at you.

Salahmu

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

For me I think it will be a very bad decision by lending money to a gamber because irrespective of you both agreements about the payment schedule what makes you think that he is going to keep up to his words because there is every likelihood that before he decided to borrow money from you he has know any other place or source to get money and if perhaps he lose the gamble so how would you expect somebody like that to pay you back when he has no other means of getting money.

So perhaps in as much as lending money is a good business doesn't mean that we should lend money to anybody because one of the things about collecting a loan is that, is very easy to collect but paying back is mostly were the problem normally come from, so perhaps I would suggest that if you really want to venture into lending you could just give only to normal people who doesn't gamble instead of lending to gamblers.

moneystery

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i think it's not an investment, but rather a gamble. what you are doing is like gambling to gamblers because you don't know whether they will win or be able to pay the loan. unless you are a casino owner or someone who has a big stake in a casino, maybe your method will be successful because you know the industry inside and out, but if it only starts with players, it won't work and you will most likely go bankrupt.

compared to creating a business like that, it's better for you to buy shares in a casino platform like mgm resorts, las vegas sands, etc., and from that maybe you can get dividends and an increase in share prices, and that's lower risk than a loan business like that.

coin-investor

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Quote from: EluguHcman on November 14, 2023, 11:42:24 AM

This is as a considerations why i am adopting a concrete agreement system as earlier stated.... To maintain a better security in demands returns .

Whatever the concrete agreements are it should be something done legally I think you can acquire a recommended status from the gambling arena where you offer your service to make it legal and the rate agreeable to both parties, I have seen casinos doing it to their clients when they recommend lender and they guaranty the collateral, there is a legal way to do this and you should choose gamblers who has a good grade on casinos and have a good credit standing.

It's not about making a profit it's about being of help to someone who does not have money at the point but can afford to pay or fund their account but because of lack of time they need to take the loan, these are the clients that you should target not just any gambler that needs money to gamble.

SOKO-DEKE

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I don't think the idea of lending your money to gamblers really makes good sense like that. and I will confidently say that you are unlikely to succeed in that way because gamblers are liars, especially those who are addicted to gambling. You can hardly find the truth from them because they are always looking for money to continue gambling. So anyone who wants to lend money to gamblers should have the mind that the money is gone forever, or probably you will never have the right to return your funds.

I have seen many of these kinds of things in gambling shops in my country where gamblers will beg the cashier on the computer system to help them beg for credits that they will go and bring money from home, but all is a lie. At last, the cashier will be the one running after them to collect their money, and some of them will even run away and never visit the play again unless they find a way to get him or her. So with my experience as a gambler, learning money will be a very big risk.

davis196

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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

So basically you want to become a "loan shark" and you want to financially exploit gambling addicts? I wouldn't call this "investing".
This seems more like a mobster tactic. Can't you just come up with a better business plan or a somewhat original idea?
By investing in gambling, the first thing that comes in my mind is trying to build your own online casino or buying a share in an existing casino.
Are you sure that most gambling addicts have a collateral, in order to get borrow money from you?
Do you really think that the gamblers will be able to repay those loans and the interest rates?
Good luck with you so called "investment".

Hirose UK

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

Of course this is not an investment, and if you really want to make definite profit and with less risk, then invest by participating and becoming part of the investors on gambling site.
This will be more profitable and provide less risk because you are actually investing, not funding gamblers so they can continue their gambling activities.
But if you lend it with an agreement that is agreed to by both parties, then it cannot be called an investment, but you become like a gambling loan shark.

Quote

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

Of course you will earn more because you will get the money back along with the agreed interest, whereas they gamble with full risk and are not certain of winning.
This is kind of business that is quite profitable but really risky because you are dealing directly with gambler so that when you meet gangsters or people with more abilities, chances are they will not pay the money and take away what you have.

MainIbem

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What are the terms to guide you while doing your online business as an investor or someone who is ready to quite gambling. People always say what is possible but we often find out that it's actually difficulty for them to live by what they said because from what you wrote here I can't see if there are seriousness in it knowing too well that it's hard to give money to gamblers without any forms of payback and how are we sure the gambler will pay if they didn't win their games.

SeriouslyGiveaway

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

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

Giving up gambling and instead leveraging other gamblers to earn profits and satisfy enjoyment, your plan sounds interesting, but I think it's not easy to implement.

- Firstly, are you sure that the profits you earn will be equal to or better than your current gambling? And if one day you see a gambling opportunity where, with your experience, you know you could win, would you jump in? Have you thought about those psychological situations?

- Secondly, lending money to gamblers to make a profit is not a new concept, but it requires you to have the ability to collect debts if the gamblers are unable to repay. How do you plan to recover your capital in such situations?

Outhue

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Quote from: EluguHcman on November 14, 2023, 10:32:11 AM

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.

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

You are confused, you don't know what investment is all about and gambling is very differ from investment, I think you need to do some readings yourself, there is no way to invest in gambling, because it's not an asset or real estate.

I don't think that casinos have shares too, like how we can invest on twitter and Facebook, if its possible then you will be investing on a casino company by buying their stock, you need to make a choice as you can't quit gambling and still be able to make money from gambling.

It's better to quit if you want and invest in something that will give you passive income every day, this is better as you can see with your eye why you invest your money on, and you will also be able to handle it yourself, stop looking for ways to invest in gambling because you can end up getting scammed.

Do your own research on gambling stocks if that's what you are looking for, there are few places online to visit for this, like etoro and saxo, mind you the casinos on these stock investment platforms are located in the US and far distance foreign countries, like Las Vegas Sands Corp or Boyd Gaming, just make sure you do your own research.

Topic: Quit gambling and Invest in gambling. - page 8. (Read 1363 times)