Topic: taking out a loan for a sports bet - page 6. (Read 5337 times)

It seems to me that if you earned 550 thousand dollars in one month, then you are unlikely to lose all the money because you have to set aside a part as a "fireproof" amount. In general, now I just do not believe in the stories that the OP tells, maybe he will provide some evidence later, but until then I will be extremely skeptical about them.

Given the history of the OP's messages, it can be assumed that he either invents a lot or has big problems with gambling addiction - also because he was a successful better in the past. One way or another, borrowing money to bet on a supposedly fixed game, in my opinion, is the most unprofitable decision. By the way, it is possible that the one who gave him information about the upcoming game (allegedly fixed) just deceived him.

Exactly, borrowing money to gamble will only add a problem for our life, it would be nice if he win after betting $50K (example), but how if we are lose? Is there money to recover when we have to pay bills. I myself do not dare to do something like this. I'd rather use free money than borrowed money just to bet, since I already doing this long time ago, and I lose. Moreover, even though the team on paper will definitely win, there are always surprises in the match. Sometimes, when we are too confident, and bet All In, the result is just going opposite. However, back to the OP, if he feels he can pay if he loses, he will take the risk.

If he takes a loan, we just hope he can manage the loan money wisely and not use it to play bets. He will get a big risk if he uses the money for betting because there is no guarantee of winning it. If he had lots and lots of valid information, he might have a chance to win but it would all come back to his luck. Many people who have loans find it difficult to repay the loan money, especially those who do not have an income every month. So he has borrowed money or if he wants to borrow money from someone else, he should think twice before deciding.

We do not see in TS's words despair. Rather, we see a desire for easy money, but an educated person understands that the possibility of getting easy money through credit is associated with very high risks. Therefore, an educated person is more likely to decide not to participate in this kind of event.

In addition, desperation is not a feeling that a person should trust. Despair is more likely to lead to more problems because it clouds the sober mind and allows emotions to control a person.

Well, it will always be TS's decision if he wants to take a loan for gambling then get one, but it will always be his responsibility to pay up the loan in due time, even if he wins or lost in betting soccer it is always good to pay up your loan because that could get ugly in his part, his credibility is at stake he can never get a loan in some other platform if he could have a record if he will be needing money for an emergency,

But yes it is stupidity to make loans for a gambling match that has a huge risk involved, I think there could be some people that are very lucky to make loans and win a bet but that is by an actual chance only, so yes my advise is do not take loans for gambling,


Well, unfortunately, I have seen Educated people ruining their life because of gambling, mostly loaning big money and then using it on gambling I think it is not because you are educated you can have the right mind to decide whether that thing is good or bad, sometimes people become desperate enough in taking loans then decided to use it for gambling, it is not because of what diploma you have attained, or what school or universities, you graduated, none of it matters when you are desperate, I think the right question is why people become desperate, or what triggers a person to do such things,

In my opinion, the problems will start as soon as TS takes a loan for such ridiculous purposes. I would advise him to urgently reconsider his attitude to money and risk and educate himself, because I think that only an uneducated person would come up with an idea that could instantly ruin his life if his bet loses. Gambling with credit money is an attempt to risk your freedom. I don't understand that at all.

A recipe for disaster! Take a $50k to $100k loan to bet on a soccer match! I guess even if you win that bet and make some money, the next time you will go for over a $100k loan, just because you think it's so easy to make money...

As always, don't take loans for stupid things! And taking a huge loan to bet on soccer is more than stupid in my opinion! Taking loans for gambling will just get you in trouble, sooner or later!

I think there might be that it happened in the past but for sure that was too risky for a move to loan just for the sake of betting, it's a ridiculous thing. It's still a gamble and you will never know the outcome unless you're really that ready to loan and if you lost you're ready for the consequences. If you can pay the loan and can fathom the risks, then it's your own gut that will be followed.

You are taking big risk because it's never advisable to take loans for betting as you could loose the bet but still have to repay the loan amount along with the interest.In your case you are saying of having 50-100k loan which is not easy to be passed but depends on your credit score or have you taken any past loan and how would you repay the loan amount.But this for sports bet is not favourable according to me rest you have lot of options from members above.

I think you just made it up, but if you're serious, you might play Russian roulette as well, right?

I would have no problem taking a $50K loan, plus I would have it in the account instantly, but I wouldn't do it for that guff.

The bad thing is that it's not the first time I see on forums someone saying they are going to take a loan for gambling, buying stocks, etc. And it doesn't usually end well.

A lot of people quick to give their opinion on whether they feel this is something someone should do or not (regardless of not having any idea of the persons situation) but I appreciate those who actually answered the question seriously as I kinda wondered myself how someone would go about getting a loan of this magnitude. Interesting stuff.

Bank is the key if you have a good credit score but if you aren't then it would be hard for you unless you know somebody who is rich enough for you to give that huge amount of loan.

Loaning money just for the sake of betting in sports isn't advisable but isn't illegal as well. Maybe think twice or thrice with your decision OP because this might change your whole life. That is a huge amount to use to bet with especially with what is happening right now. I'd rather not taking a loan just for the sake of betting if I were you and will just the money that I have in the pocket. At least with that, you will not have more problems if you lose.

If you really want to make a loan that huge though, maybe think right now where will you get that amount if things will not go your way.

If I take a loan, I will not use it to play gambling but open a business that I control to have the opportunity to make a profit.
Playing gambling using a loan will only give you the risk of losing because gambling can never be a source of income for us even though we are lucky.
After all, we also don't know when that luck will come.
It's better to play small and in moderation than forcing yourself to play big using borrowed money.
Let other people borrow money because they may have their own considerations.

It would be incredibly difficult to get a loan if your purpose is to gamble with that money, almost no bank would be willing to give that money away unless you were a profitable gambler and you knew the one at the top of the bank from which you were asking the loan, now you could try with your friends but it is doubtful that someone could have so much cash around, besides it seems you are completely convinced you can win the bet, but most of the time things are not so simple and if you happen to lose you can easily ruin your life over a single bet.

Then OP is surely fuc*ed up.

That's why I mentioned first that, don't mind the information that OP got even how reliable is it because, in the event of loss, that will be big trouble. Going all-in is not a good idea especially if the bet amount on risks came from a loan.

And to be eligible for that big amount as a loan, OP needs to have good credentials. No lending company nor banks will just release that kind of big money. Even rich people are having difficulty getting that loan amount.

I agree - I would not even dare to do that. Rather you can make small bets.
I would think 100 times to take that risk and with loan money - a big no, please play safe. And always think what if you lose - your debt will be double.

Maybe he lost all of those 550k and then tending to borrow 50k again to cope up with the losses? What you think? In overall its not really that a good idea
to take up some loan just for you to gamble out unless if you could be sure on able to repay those amount in the right time but if not then its not really that ideal on taking such step.
We know that sports betting do have better chance on winning than playing with luck based but we know its still gambling. 50% chance on losing your bet thats why
its not recommendable unless if those amounts is something that you can afford to lose.

Hmmm... https://bitcointalk.org/index.php?action=profile;threads;u=1042486;sa=showPosts

Guys, don't you think this is strange? A better who boasts about the fact that he won 550 thousand dollars in a month at bets is talking about borrowing 50-100 thousand? This calls into question all his previous stories.

I don’t know what is the point of creating such freaky topics (he used to at least advertise his telegram channel), but I would be suspicious of his messages.

i hope the OP clears his mind towards this matter. insider information is always not a guarantee that it will truly happen. there will always be other circumstances that may influence the results. if the OP is asking the possibility to take a loan from here, i don't think he can get from here. his chance will be from banks, but what would he do if his bet turned otherwise? he will just ruin his life on this. better be contented on how much money you have. take a big loan on more important things.