Topic: Selling a property to play gamble - page 13. (Read 1640 times)

I've done few crazy things for investment sake, I have sold lands to buy good chunk of Bitcoin, people called me crazy for doing this but it's not even up to a year that I started seeing the rewards, risk on investments are sometimes worth it.

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In this case of a gambler selling properties for gambling sake reminds me of a post on this forum where someone is calling gambling an investment, I think some people don't know things before they jump right into them, how can someone see gambling as an investment?

Some things are worth selling properties for, but gambling is not one, this is a risk something that is so far from called a form of investment, you are simply gambling on something that's uncertain, which will be right at times and will be wrong at times, we are not masters of the future, there is no way you can know what's yet to come.

This is simply act of stupidity and ignorance, lack of understanding what something is all about can make one engage in a very stupid way.

More like they try to play back quickly what they have already lost. Imho addiction is doing something regularly and always thinking about it. Selling house and gambling the money looks for me like one action. If he would buy and sell houses regularly to gamble price difference, then it would be about addiction.

Imho selling house to gamble looks stupid. I would be much smarter, rent it and have weekly/monthly gambling budget That would be an example of gambling addiction. I personally would never gamble an amount of money that property can be bought. First this is not my amount of a bet size, second this is illogical for me to risk with such large amount

Only someone who is addicted to gambling would go to the extent of selling off assets to finance their habit. From your account, it is evident that your friend was already addicted and needed more money to sustain his gambling habit. Personally, if I don't have enough funds to gamble, I wouldn't resort to selling any of my assets. As long as gambling remains for fun, we shouldn't portray it as anything else.

His actions, even though he also chose to exile himself for three years, don't excuse the fact that he acted irresponsibly by selling his parents' car. I wonder what he was thinking before he sold the car to gamble. Perhaps he didn't sell it to gamble but rather stole his father's car. Because if he had gambled with the money and won big, what would he have done? Would he have bought a new car for his parents and explained that he was trying to help? It's evident that his selling the car had nothing to do with gambling.

People that sell their properties to gamble must be suffering from addiction. This is because when you are addicted, you will not be able to control yourself, and you will be carried away by your emotions and start chasing your losses, unknown to you that you will not be able to recover your loss, instead you will acquire more losses.

I have not sold any of my property to gamble, because I don't like selling whatever I bought with my money, but I gave used money for important needs to gamble when I regretted. I had an extra semester in school for gambling with my tuition fee. You friend should try and discipline himself so that they does not continue selling his father's property to gamble. He should quit gambling for some time and look for another means of having fun.

Selling a property to enable you fund your gambling activities is actually foolishness especially if you are not new to gambling, it's expected that you shoul have understood too well how gambling can be very much luck dependent and so trusting your guts so much that you had to go sell a property to fund your gambling wallet and gamble is definitely an unwise decision. Personally I will not sell my property to gamble and I will aswell not advice any one to do same aswell not minding how much I believe such game may pull through because I still know there's a great level of uncertainties with gambling so I can't put so much trust in gambling to the point of doing such.

Always practice responsible gambling by gambling within your available resources and do not go beyond your capacity to be able to gamble as it's very unhealthy and never ideal. Remember Gambling is luck dependent and has got too many uncertainties and can't be depended up on.

Selling real estate for the sake of the phantom hope of getting rich through gambling can only be a fool, or a person who has a pronounced gambling addiction and mental disorders.

I would not recommend using money in gambling, in case of loss of which you will blame yourself. And it does not matter how much it is $100 or $5000. Gambling on borrowed money is also a very bad idea.

If you tell me! Of course never sell any property just to gamble, if one does that it's only because of one's own stupidity.

Maybe it's selling property first and then playing gambling after getting the money.
But there are stories where they first borrowed from the bank with a house as collateral but unexpectedly he could not pay the installments at the end of selling his property assets.

I think I have heard many stories on social media or news, so when he is addicted it spreads everywhere in the end he is difficult to rehabilitate not to gamble anymore because there are no close relatives because of his own behavior.

The story of a prodigal gambler!

Well, I can't remember selling any valuable property of mine to use the money for gamble and if in the future I should see myself doing that for any reason then it will be that I have started gravitating towards gambling addiction and will without hesitation retrace my footsteps against doing that for the purpose of gambling.

I could sell a property to support my business or to invest in shares or asset like bitcoin because these are things we are guaranteed of making progress in it and not for gambling that the hedge to make profit is in the hands of the house whereas I the gambler is highly dependent on luck to make a win for a profit to be made. Let's be guided in certain decision we are about to take please.

You are right, no matter what happens, do not dispose any of your important things just for gambling because you will regret it later. It would be good if what you sell are just a normal items that can be quickly replaceable, but if it's a property, that's a different matter. You need to assess yourself if what you're doing or the decision you're going to make is still right because it's a serious discussion that needs to be discussed within yourself.
I have never experienced selling things that are important to me just so I can have money to use for gambling, and I also don't want to experience reaching the point where I can leave all important people or things to me in exchange for my freedom in gambling.

There is nothing good that can come out of being addicted to gambling, and what's even worse is selling valuable assets; it's like losing your right sense of judgment. You no longer think about whether your decisions are right or not; that's something I could never do when it comes to gambling. This serves as proof that you won't just have financial problems but also issues with relationships and your overall well-being. But in the story shared by OP, it's fortunate that he returned home and changed his lifestyle, opening up the possibility of recovery and redemption. Three years is quite a long time, but it's a good thing that he survived even though he was far from his family.

I never thought about selling my property just to finance my gambling, after all, why sell property if you don't have money, it's better not to gamble, why force yourself to gamble just because you want to obey the greedy emotions and behavior within us when we lose gambling, to be honest, that's true. It is the wrong way to sell property just to gamble. People must understand that gambling is using money that is not used or just unused, don't use money for living needs, let alone selling property.

There are many cases like the child in the story above, but unfortunately most of them end tragically like my neighbor's child, when all the property belonging to his parents was lost, he just spent it on gambling, even though his parents left him a sufficient inheritance in the form of houses, vehicles and other properties but they were sold out. by the child to gamble, it is indeed very difficult for someone who has a serious gambling addiction to be cured, especially if there is no family role to pay attention and help him to recover, then it will get worse and possibly commit criminal acts.

selling property or assets just to gamble is simply stupid because instead of doubling his money, a gambler will only embarrass himself because he will most likely lose all his money.

and therefore when someone is addicted to gambling, the people closest to him need to advise or provide direction so that the gambler can think more rationally about his decisions, because usually gambling addicts do not think rationally and often sell property or goods just for their gambling, which in the end they will regret this.

Of course, up to now I have never and tried not to gamble.
Property that is re-sold will be difficult to buy again if the money from the sale of the property is used for gambling capital.
Some gamblers manage to get their money back to buy property after taking the risk of selling it, but many fail in their attempts.

Not avoiding the reality, I have done selling property to use it for something I need, such as selling used smartphones and laptops for my work needs until finally I got them back with better specs.

Those classes of people who sell their property to gamble are usually the addicted gamblers who give non-gamblers the impression that gambling is taboo, or perhaps those religious people who make reference to those who are gambling irresponsibly.

A gambler might not be addicted, but I believe that that moment when someone thinks of selling (or sell) any of their property just to use the money to gamble, then it's a sign of addiction, which can still render the person depressed if they lose the money that was staked.

Selling property to gamble is the riskiest adventure any body can take, mostly if the property they sell is of vital importance to them but they just sold it to satisfy their gambling desire.


No! I don't intend to even make such a mistake. I call it mistake because it's so unreasonable for me to carry on such act.

I have never sold any of my valuable assets to gamble. I never take gambling seriously. People who take gambling so seriously make such bad decisions. Your friend's story sounds like he was deeply addicted to gambling which led him to act like this. It is a bad experience not only for him but for his entire family. Car houses are important assets of people which provide their accommodation.  And housing is a basic human right. How can a person decide to sell their gambling house?

I sold a laptop that I supposed to repair and I lost the money to gambling. I sold a good home theater and used the money to gamble and I lost it. Enough lesson for me not to sell anything and use the money to ever gamble again.

But it is highly not good to touch your parent property and sell to gamble. It is not good at all. If he has changed, that would be good.

It is so unfortunate how some gamblers become so addicted to the extent of selling off most of their properties just to play gamble even when they're aware of the risk that is associated with selling ones properties as you may not be able to replace that same property again even in your entire life.

I remembered some years back when an addicted gambling friend of mine sold his father's car and used the money to play gamble, and he ran out of the house to an unknown destination for over 3 years such that the parents where even looking for him to come back home regardless of the crime he committed because he was his parents only male child, so this friend of mine was invincible and without communication for 3 years and afterwards he returned home looking so unkept and his parents saw him and started crying that regardless of what he did that he wouldn't have ran out of their sight and he apologized for his actions and started living a different life. Just imagine the conditions he went through just because of taking a reckless decision that may have even taken his life because no one knows his activities as he left home and moreover he had already spent all the money gotten from the car he sold on gambling, so how he managed to survive without money and help from his friends and relatives for good 3 years is a risk no body would wish to take in life.

No matter how deep you are in gambling never you sell a property because you will surely regret it when it doesn't work the way you expected.

Have you ever sold a property to play gamble and afterwards finds it difficult to replace that same property again?