Topic: Who is to be blamed, the gambler or the betting agent (Read 1947 times)

Loan sharks should be avoided at all costs no matter how the difficult circumstances you are in, I have heard from some people about their experiences and the interests rates are crazy as they are compounded daily, so if you had any money issues before then those will only become way worse by asking a loan to them.

And while asking for such a loan for a medical emergency is bad enough, doing so just so a person can gamble is in my opinion a life-changing mistake.

Sometimes paperwork is unnecessary, especially when borrowing money from loan sharks. This is because your life serves as collateral, and you already know the consequences if you fail to repay. Lending from loan sharks operates differently from traditional banks, where legal documents and tangible collateral are required to safeguard against potential losses.

That's why, in my case, if I needed to borrow money for gambling, I would avoid loan sharks. Apart from the exorbitant interest rates, the stakes involve risking your life if you fail to meet your repayment obligations.

There are times that if the customer is already regular like if the owner keeps seeing that gambler betting big or betting money on a regular basis they will just become friends  which will be the other reason why they were provided money. They will say it is a loan but without paper it would just be borrowed money unless there are papers and requirements needed before taking out a loan which I noticed there are none in casinos which is still not illegal but doing this is inhumane for me because you should be helping people to prevent addiction but you are kind of putting more gas in the fire.

Business will be business which is why they will allow the gambler to borrow money as they gain profit on it and at the same time it will be returned to them when the gambler loses unless the owner is really taking care of their gambler they will preventing them from getting addicted by not allowing a loan.

Well the bad thing about this is that the agent cannot go beyond the things of the rules that exist in a company, because a casino is considered a company, at least that's how I see it and in fact it is like that, we as good Players know that when we are in a casino, the worst thing we can do is lend money to gamble, that is a bad move, because when a person runs out of money in a casino, but it is already something very irresponsible, because being in a casino, you can't put all the money you have in your pocket, you have to leave it, because you are entering a place where the disadvantage of the house is evident, where you cannot let yourself be carried away by impulses, and where it is obviously the safest thing to do. It is losing, if you play in a neighborhood and lost money, already with a considerable amount, it is not responsible to spend everything you have, worse still, when this is seen as having a type of consideration when a loan will be made, it is the player's fault. irresponsible, and now after something like this is done and the sales agent in the casino, or the person in charge of keeping an eye on the games in the casino, knows that to obtain loans to a particular person it must be under authorization from someone That he is above him is he gives loans like that, well it is not right, and he would be going above an authority, so I would say that the fault lies with the calcino agent rather than the player, because if an addicted player enters Once they will also give you a loan and that doesn't work, because things don't work out that way, an easy job is going away if they act like that.

A person who is approved for a sale or a loan within the casino must be authorized by the person belonging to it, and I believe that before that a lot of papers must be signed where in reality they leave even collateral in case the person cannot pay, In this sense things can be much more difficult for others and then no type of employee can make decisions like that.

I think the issue many have with this is that a casino should have no business lending money to their clients, in most countries you need a license in order to provide that service and I doubt most casinos have that license.

So while there is little doubt the gambler is responsible for asking for a loan and gamble with money they cannot afford to lose, it is not as if the casino is blameless, as they are taking advantage from a person that obviously has problems by performing an illegal act themselves.

I'm not sure if my understanding is correct; maybe the reason the betting agent allowed the gambler is because, apart from being a regular customer, the betting agent probably also knows where the gambler works. Or maybe he has confidence in the gambler that he will pay him back, or maybe it's not the first time the gambler has borrowed from them. And the betting agent also knows where he lives. Because he probably won't lend it if he has no idea where he lives or what his source of income or job is.

Even though they are never afraid to return the money, the money must still be paid for whatever results they get. If they borrow money from online platforms, they must also return it. Even though they can get loan money from other people, it will only add to their problems because their loan debt will get bigger and bigger, and they cannot pay back all their loan debt at once unless they win a lot of money. Real gamblers should be able to think that borrowing from the bookie will only give them trouble when the bill comes.

Maybe the scenario is like that because anything can happen. Maybe the relationship between them is that the gambler and the dealer know each other so the gambler can easily borrow money from the dealer. By having a dealer willing to lend money to the losing gambler, the dealer can get additional income. Meanwhile, the gambler must be able to pay his debt to the dealer and if he doesn't pay his debt, he will get into trouble with the dealer, who will ask for his money back. Although it is not bad to be in debt, if it is borrowed money, it is best not to use it for gambling because we will never know when we will win and be able to pay back the borrowed money.

There is always more to the story, the both of them in my understanding may have some outstanding situation in the past. Maybe the player must have done similar things and it favored both the player and dealer. And then the dealer became familiar or cool with him until the recent one, the results weren't good. Because if the dealer wasn't familiar with the player's attitude he wouldn't have allowed him to play extra games, while in debt. The player will always be at fault, for not controlling himself. As for the dealer, he wants to earn more money, he's also good at asking after the lost money. It's also a disadvantage for the dealer to be calm or not laying down straight rules for players in his gambling shop. He would have stayed in his gambling shop, and wait for the gambler to be back after working with OP. Because such a player, will still patronize him because of the outstanding debt or clear them with the money he's earned. It's not bad to owe or to ask a person to refund the money owed. They're into business and it's left for them to settle their disputes separately.

I have no problem at all with people getting a mortgage to buy a house as almost no one has the money on hand to do this, and when we add the interests on that kind of loan tend to be the lowest, then it is obvious this is one of the best kind of debts that you can acquire.

But the culture has changed dramatically since credit cards were introduced and now it is not rare for people to accumulate a huge level of consumer debt, to the point they are unable to pay it and they bankrupt themselves.

The gambling people after get into the addiction will not hear the reason by the lending people.The never fear of return the money or not.They just get the loan in any online platform,the play all the game by to find the luck into the game.If the money was loss by the gamblers,he never worry to fail on the repayment.They just get the loan from the other person.Like this they do without any hesitation due to the huge addiction to the gambling.The mind thought of the gamblers will be to do arrange the money for the next game,they need to get away from the addiction to leave a normal life.

Even the casino has a limit, if a player enters too much debt, they block the credit line until the debt is fully repaid. Casinos do not need players who are always in debt, they need to make a profit, and if this player is insolvent, then they are not interested. And if a player is ready to play with borrowed money, then he is already addicted, and this is a big problem that needs help.

Those who borrow money from casinos to continue gambling will not think about fear because they are already dominated by lust and emotions to recover their losses and get their winnings again. They will not think about how they will return the money later because their high ego and overconfidence have convinced them that they will win at gambling today. That makes them brave enough to borrow money from the casino because they have a strong desire to continue gambling, especially if in the previous round, they almost "won." And it is true that this lust will easily tempt them and make them dare to make decisions which, if they think about it again, are the wrong decisions.

And casinos know what gamblers want so they open other services in the form of lending money. Of course, the casino charges high interest because it is a side business owned by the house. People who don't think twice about borrowing money won't consider the risks because they want to gamble and try to win. We have to be able to control ourselves and not have the thought of borrowing money from the casino, especially if the interest is too high because that will make things easier for us later.

I think fear is definitely there, but it's like fear is at war with confidence. Maybe you understand what I'm saying, I mean if their fear is outweighed by their very high confidence then naturally they don't think twice about borrowing from a bank or to a casino agent. But I said that on average it happens or that belief is in gamblers who have experienced a high level of addiction, they have been completely dominated by a sense of belief and also lust, therefore it is very likely that they take uncontrollable actions, even they do not even think about how to pay the debt, all that is in their mind is that they are sure they will be able to win with the borrowed money and then pay the debt from the proceeds of victory, but what happens? yes they lose again haha this is very ridiculous.

That's right, the casino system is very smart, they provide a place to borrow and also provide a place to get rid of the gambler's money from the loan, it's really smart in my opinion and like you said there are definitely many who are trapped there. So my point is, keep a healthy mindset, don't overdo it, just do what you can and with the money you can afford to lose there because it will be useful to keep your psychology calm.

It will be a problem for them if they are not afraid of getting into debt even though they could experience problems if they are late paying the loan. And because they borrow from the casino, they will have to face the casino's bouncer when the casino wants to collect their debt. And if they can't pay their debts, the bouncer will hit them and maybe take things from their house so they can get the money they borrowed.

The marketing strategies implemented by casinos have succeeded in trapping several gamblers who want to continue gambling to get money quickly and continue playing immediately. But they don't know what will happen if they can't pay their debts.

I've just shaken my head and thought to the people all around me that they are really doing this right now. I mean, imean you are right, people are very scared before to take out a loan or be in debt because even if they can afford to pay it, they are always thinking of what if they can't pay. All the negative aspects they are thinking about are defensive, but right now almost all of my relatives have loans and they are paying them, and they are not scared to take more loans. Well, again, this is the new generation right now, and again, there is good and bad debt, which can affect you, but for sure, in gambling, it is bad debt.

The agent lured the gambler to borrow to be able to continue playing. It's also his fault for tolerating and encouraging the gambler despite of knowing that this person will be in a hard position for losing what the gambler borrowed. Well, it's not surprising since he is a betting agent but in this case he probably realized that what he did is not wise since the gambler didn't return to pay what he owe.

Clearly this gambler didn't control himself resulting to losses and debt, now he will pay the price. It's a lesson learned for him and a reminder for other gamblers to only play using your own money and set a limit on when to stop.

And people fall for it every single time as they are too used to buy everything on credit these days, if you were to try to convince people decades ago about this they would look at you as if you were crazy, as the only products that were bought on credit were the things almost no one could afford outright, like a car.

However people have lost the fear they had to becoming indebted, and many businesses have taken advantage of this new trend to deceive them and get them heavily indebted.

It is also a marketing strategy on them because it will attract the gambler to bet more as he can pay it later. This is like those shopping platforms that let you pay later on so that you'll be tempted, which again will put the gambler in debt, and for sure the way they ask for payment on this is harsh, like threatening you, though on profit instances for sure the total money that they will lend to you is the total that they got to you, and the more you do it, the greater the amount.

There are only two ways casinos can make this work, the first one is that there is a very strong legal system on the country in which they are located and they have the lawyers and the money to go after those gamblers no matter where they hide.

The second option is that those casinos are owned by criminals or other people which consider themselves to be above the law, and as such they can make use of all kind of illegal methods to try to get their money back.

I agree with you on that and I don't know how sportbooking agents are fund of doing that because it pauses a higher risk for them on the long run if the bet fails to win who then bears the loss because the gambler already has nothing on him the reason why he/she option in to play on credit in the first place,  most of such incidences are born out of the over trust on the gamblers to be able to make up for their shortcomings.

The ops in the story gave me a very sad update about the situation a few days back when I saw him in the neighbourhood,  he said the gambler that played on credit had moved out of time without paying the debt,  and the debt was deducted from his salary at the end of the month by the boss