Topic: Who is to be blamed, the gambler or the betting agent - page 3. (Read 1947 times)

If they borrow money to buy necessities of life, I will lend it without expecting the money back, especially if he is a person who is truly deprived and finds it difficult to get his daily money. But if he said that he would use his money to gamble, I would say no to him based on how he would pay me the debt if he lost. Even though he insisted that he would win, I still would not lend him the money because it would be difficult for him to repay the loan even if he won. I don't want to wait in uncertainty while he doesn't want to pay off his debt yet and says he wants to double the money to get more. It was something that could not guarantee him winning any time he wanted.

Is it okay to lend your money in someone who needed it, but the thing is you are entitled to know where could be it went what could be the purpose of their loan and how will they pay you. So that it would not be a problem anymore and it would not make your relationship to that person be broken if something happen, it is your right as a lender to know where it could be use and when it will be sent back.

exactly., and more precisely, do not lend money to anyone, even if its your own employee or someone closest to you because the negative effect of giving a loan to anyone will destroy relationships and on the other hand financially will also be destroyed. I mean when you lend money to your friends, of course, one day you will end your friendship when you can not return the money and you really need the money.
like the case that was written by the OP even though its not clear who is at fault but in the end he will lose his customers for providing loans but taking advantage of the situation even though the gambler can return the money but after that the gambler will no longer bet there. from this problem we can take a valuable lesson that using borrowed money to gamble is not very good and also lending money to gamblers is also not very good in the long run.

It is true that if there is proper legal action in the case of such companies, they will never be able to collect high interest from individuals and it will be possible to eliminate fraud. They steal huge amount of money by scamming. Many are being held hostage and ransom is being demanded from their families. As we have inadequacy of our legal system in terms of prevention, there is a great inaction of our law enforcement forces. Since the law was passed, giving any speech against the ruling and powerful through digital media means that there is a fear of being sued under the digital security act. One party is taking advantage of it this is why the economic development is being hindered and the government has to take the right steps for the proper development of the law.

       -     If I look at the events, it literally seems like the betting agent is the one who is at fault, because even though he knew that the gambler's money was in 2k Nigerian currency, he still allowed him to lend it, we just don't know if he asked the gambler what his job was. that could be the reason for lending it.

But if the betting agent doesn't know the gambler's job, obviously the problem and mistake is clearly the agent's. Because he should not have given the loan if he knew that he had no source of income to pay what was owed to him.

And it seems that such organizations know how to use loopholes in laws to use them to their advantage and earn extra revenue. There should be an improvement in the law that regulates it so that they can't take advantage of the loophole again. But how could that be because the people who make the laws could belong to those in the same organization. So they still won't change the law because it still benefits them. When the organization looks burdensome for the people, it has to get a change but it will come back to the people who set the law.

In a normal state of calm, not all people's thinking works critically, and when losing, especially when the amount is large, thinking is very much mixed with feelings, and you can't expect any reasonable conclusions. Nedaano I studied how a dependent player crosses the line from losing his money to losing someone else's? After all, you can lose your money and it won't be a big deal, but if you lose money taken on credit, then your business is bad. It turns out that at such a moment the player thinks like this: "I've lost a lot of money now, but I just had a little bad luck, I need some more money and probability theory itself will help me, and if I increase the distance of games, and luck will return everything I owe." At the same time, he also increases the stakes to recoup. But we all understand what this is likely to lead to.

This is a risky proposition, lending money to a person that you know is difficult, but doing so to help them paid a debt which was incurred while gambling seems like a bad idea.

As if you were to give them that loan then they could simply quit the next day, get another job at another place and now you will have to be the one spending your time to try to find them, and even if this did not happened now you have created the expectation that if they are in financial troubles you will give them a loan, and if you are not careful they could take you with you on their path to financial ruin.

You may have considered the debt-ridden gambler's situation and tried to appeal to him to come forward to help. Which is certainly commendable. But when a gambler becomes addicted to gambling, every time you help him pay off his debt, he will go into debt again. So first you need to understand whether he is an addicted gambler or not. If he is not addicted then he must be helped so that he can pay off his debt. If such a non-addicted gambler can be helped, a good relationship can also be established between the two person.

Such a thing is done by gamblers because he is truly blinded by defeat and added to the burning emotion that makes his brain no longer able to think clearly and think about the long-term risk effects that could occur if he takes the action of borrowing money with the purpose of continuing the betting session to be able to recover the losses that have just occurred.
Not a few gamblers do this and if the real blame is the gambler himself because he has gotten out of control and cannot think normally.

If there is a companion in every gambling activity, maybe it can put more pressure on or minimize every gambler who could be wrong in making decisions or actions, but unfortunately not all gamblers will have a companion when they are in the gambling industry.
If we look at land or traditional casinos, there are quite a lot of rich people who have assistants when they enter the casino and all of these assistants always give the best advice to their boss so that every action has better consideration.

I think those of us who gamble in online casinos can invite a trusted friend or wife to always monitor the gambling that we are doing so that we can provide discussion and not take risky actions such as borrowing money or being too obsessed with pursuing losses.
It's just that it seems that there are still many people who are too secretive about the gambling activities that are carried out so that it is impossible to order friends and wives to be able to supervise the gambling that is being carried out.

Of course, such organizations have a strong legal base. Such organizations are created based on working and proven profitable projects. They are well aware of all the laws concerning bankruptcy and debt repayment, and they see the line when a person can no longer borrow money, because he will not give it back. I am not a lawyer, but I think it can be calculated somehow: through the property currently available to a person, as well as through the terms of forced labor, through which the debtor can be attracted to repay debts.

Nevertheless, I consider such organizations to be evil because they make any person's economic situation worse, since they require very high interest rates.

That's true because the casino can get extra income by lending it to the losing gambler. But the problem is that the casino has to make sure that the gambler can return the money without a long time. And if not, the casino better not lend the losing gambler his money.

Organizations like the ones you mentioned will still exist and many will still operate underground because many people still need them. Even though people know they have to pay back the money at high interest, they still borrow money from them. And the organization is managed by the same person so that the profits that the organization gets will go to the owner.

I believe that is true. There will always be those people who like taking risks although it is not their own money which they are about to bet. Loans. Sharks will always be there monitoring every gambler and they target those who are experiencing great losses. They are easy to manipulate because they want to chase their losses and they will agree to any contract given to them as long as they can get the money as fast as they can.

With the story of OP though, the debtor has a chance to pay it back in just 4 days of working, I don't think it's that hard for him to do it so I bet he will pay up.
But there are stories that are more hardcore than this but those gamblers would not bother to tell it to anyone.
Thousands or millions of dollars in debt just to gamble their way.

The gambler knows the consequences of his action but he chose to ignore. Maybe because he is hoping that for using the loaned money, he might became lucky to recover his losses and repay back what he owed. Unfortunately it didn't happened and that make his situation worse since he's avoiding the responsibility. Thus if an agent or a casino offered a deal so the gambler can continue playing, think before accepting. Because in the end, if you didn't win, you have to face the consequences of not being able to control yourself.

It seems that it would be very profitable for the casino if there is a service nearby that can lend money to players so that they can borrow and continue playing, which would subsequently bring even more profit for the casino. When casinos were destroyed in the country where I now live, I am sure that there was always a lambard or an organization issuing money loans next to them. Therefore, it is possible that online casinos are the organizers of such micro financial organizations. After all, if there is interest on their part, then they most likely did it.

Yes, maybe we have never seen a casino lend money to gamblers, especially gamblers who have lost playing before so they can continue playing gambling. And if there is, maybe the casino will not disclose it publicly and only the casinos and gamblers will know. But this activity seems quite attractive to casinos because they can get additional income from lending money to gamblers.

But if it violates government regulations, the government may immediately sanction the casino by revoking its license temporarily and the casino may have to pay a fine to the government. But if it doesn't matter to the government with the record that casinos have to pay higher taxes than other casinos, casinos can continue to carry out activities of lending money to gamblers. And although this is an advantage for gamblers to get money quickly through lending money from casinos, it is a bad way for gamblers because they can get even bigger losses and maybe the gamblers will not be able to repay the borrowed money.

We don't know which casinos use this method for their gamblers, so we can only guess. But this kind of practice could have been going on for a long time without anyone knowing and only people who frequent casinos know about it.

Totally agree but i wont really be that surprised that there would be some side offerings or something that those VIP could be able to get some benefits or some features which those ordinary gamblers couldnt really be able to do so. Yes,its true that they arent banks which they could really be able to offer some loans or some free credits on which they could play. It would really be just a total suicide for the business if they would be letting someone who do able to play on the amount that have been provided. Arent they wont gonna be feeling out that kind of regret on the time that they had provided some fund and turns out to make some huge hit with those last gambling or gaming sessions? For sure it would really be a huge disappointment and regret if ever that happens and one of the risks that they had need to deal with but since the house is really that confident that they could really be able to win up in the end and ending up on getting some interest out of those advanced loans or amounts then thats an additional money for them but there's always that kind of risks
on whatever angle we are seeing.

well i have never seen any casino lending money to people, casinos have licenses to operate like casinos or bookmakers and not like banks and give loans, they would not commit this type of crime, governments would be chasing casinos that at the same time they were turning into banks because the laws of all countries in the world are very strict on this issue of loans and banks, and casinos would not have two licenses, they would not have a license to operate a casino and at the same time a license to operate a bank. another point is about guarantees, casinos are designed to always win and customers lose

So, it wouldn't make any sense for a casino to keep lending people to play in the casino knowing that these people will lose money in the casino and won't be able to pay the loan, that's why, in my opinion, it doesn't make sense for casinos to give loans. also people who were going to borrow money to gamble would be making a serious mistake and with that they would no longer be gambling responsibly, they would be on the path of gambling addiction, they would be destroying their lives and I am sure that in some countries if they knew that some casino is giving out loans to its customers, governments would sue that casino for putting its citizens in a bad way

this problem would definitely lead to the arrest of the casino owners, in my country for example only banks can make loans, any person or company that provides loans and charges interest will be arrested. only banks can make loans charging interest in my country and probably in many countries things work that way. in my country people ask betting agents to give them a lottery ticket to pay days later, this is not a loan

I find it a bit of a surprise that casinos and betting agents want their customers to take on debt to gamble. Facilitating such debt themselves and loaning money to struggling gamblers only for them to lose more seems like a really bad business model. First of all the casino doesn't make any additional money, they only can win the money back that they gave the gambler as a loan. Everything more the gambler lost will have to be recovered later from his future income. There is no real guarantee that the betting agent or casino will recover their loan, because if the debt is too high the gambler can default. Wouldn't it make more sense for the casino to only have customers lose what they can afford to lose? Like that they would guarantee that their customers come back and can gamble for a long time. In the end they have to choose between a big payout today after which the gambler is broke and in debt or a smaller payout which is coming in regularly from their longstanding customers.

I have always said something, to take a loan you have to have an incredible ability to pay, so as not to look bad, not to be badly paid and that the reputation of that person does not fall, because it is something that will always affect, for me the If the person who takes the loan is totally responsible, the person who grants the loan is also Somewhat to blame, however, that is something that can be debatable , because if you lend money and in a casino it must be with collateral unless it is a client who has gone to the casino all his life and who obviously trusts him a lot, is something that always happens , I have seen that there are many in the casino who have this kind of privileges , but they are people who answer to the casino as it is , coin the payments when they are, and that they have no delays in it.

The particular cases are usually very diverse, I would not do something like that, I have already said why, but the people who do it are quite emphatic, and perhaps because they let themselves be carried away by Emotions and that is not good, because one It Cannot be so weak , it is money that is being lent, there are many things at stake, what is most at stake is Responsibility, the ability to pay, the things that must be done to pay on time, without End of things that have to be taken into consideration.

When I see that there are things that are extremely careful , such as money , Loans , I have to carefully review everything, the terms, the payments of how much percentage , how much interest they ask us for, little can we be signing a possible unpayable sentence, and that It is not the idea either, we must also assume that a casino does not lose, and always has the Advantage , that is something that must be Considered.

That is why the responsibility in these cases falls on us as players, each person who is in a casino is responsible for their actions, because for that they are of legal age, they are considered adults and each person must assume their expenses and their mistakes, that is why It is that these things with the casinos are so delicate , and it has to be taken with great Measure.