Will you borrow money as your bankroll if you trust your skills in gambling? - page 11.

Twinkledoe

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Quote from: bhabygrim on February 25, 2020, 11:58:08 PM

I don't think so, I would never do it again I wouldn't borrow or take a loan just to sustain my vices.
I don't think that it is worth it I have done it once before and I already learn my lesson,
I only done it because the money that I have deposited to the gambling site took days before reflecting to it.

I won't really try that also as even if you say, you have good skills in gambling, yet, you still have no 100% assurance that you will win. So it is like your playing with too much pressure on you that you have no time to enjoy the game as you are thinking that you need to return the money afterwards. Better play your own money even if it is small, at least you have no problem after the game. It will also give you peace of mind that you haven't owed anybody just because of gambling.

bhabygrim

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I don't think so, I would never do it again I wouldn't borrow or take a loan just to sustain my vices.
I don't think that it is worth it I have done it once before and I already learn my lesson,
I only done it because the money that I have deposited to the gambling site took days before reflecting to it.

iamsheikhadil

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Don't, even for experiment, don't! Gambling is a type of expensive entertainment and you should only use your own money for it, because chances are very high you will lose the amount and once it's gone, basically you have a burden to pay them back from your own pocket maybe even more! You are basically stealing money from your own future self and seeing it with an illusion.

Eugenar

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I do not think that I will do that thing because I am not really used in gambling, I am not that so addicted in online gambling or casino gambling, I only play once a week if I have free time on that week. I do not want to take a risk my debt in gambling because I know that it is tough to win in a game where you will only rely on luck.

But there are also some gambling sites that skills and techniques are matter. Still, the thing on that is, the reward is not significant. Well, that is the nature of any gambling site. The higher the prize, the lower the chance of winning; the lower the award, the higher the chance of winning.

nicolas1979

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Quote from: Maslate on February 25, 2020, 05:20:56 AM

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.

From the first sentences you already wrong, your experiment will create new bankrupt person if can't back the money, nothing is free and everything have limit ( quantity and time ). You can make experiment with strategy but not with the money, there's no guarantee you always win. Fix your experiment thinking and plan, replace it on the right place and reduce the risk. Loan money will kill your pocket, that's big risk for your economy financial.

akirasendo17

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Borrowing money in bank for gambling is a very bad idea, this will put you in a bad situation, example you lost in gambling , what will happen? this will get your house car, they will take everthing, so you jave to think twice, doing this

Darker45

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Quote from: Maslate on February 25, 2020, 05:20:56 AM

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

I have tried borrowing money before to finance by gambling games for a few bets. I cannot recall whether in general I made profit from it or not. Regardless, my opinion is that you should not borrow money for the sake of gambling, much less for the sake of a gambling experiment.

In my case, I borrowed money not because I don't have the money but because my money was not in my possession at those particular moments. I bring a limited amount of money when gambling and when everything is lost and you feel short of fun and you want to try getting back, one of the easiest options is to borrow money from people you personally know. But if you are borrowing money because you cannot afford that gambling experiment of yours, please forget it.

xvids

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No because if my skills in gambling is good then why would I even need to borrow?
I would never do it even if it is for Trading,Investmen and of course Gambling.
If you would risk asome money it should come from your own pocket never borrow money for those kind of things because it would be hard tobpay if you end up losing.

Ailmand

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Nope. I stick to everyone's opinion gamble the money that you can afford to lose. I never gamble with the money that I don't have, and never had I tried to borrow money just to chase my losses or to satisfy my craving to gamble. This will be a bad habit that you will have to start to deal with before it leads to a serious gambling problem or addiction.

shoreno

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Quote from: LbtalkL on February 25, 2020, 06:50:14 PM

If you are really confident with your skill go for it,

what is his skills can do ? this is gambling . id say i have a skill too . i can turn some dust into something good and decent but there are alot of time that i fail to do it . that can also happen to him . what if he loaned money and take it to gambling but he isnt just lucky that time ? skills can be good at things that are not that risky because you can assure that you can depend on it but on gambling were luck pays the most , that is still questionable . better gambling with your own money just to be safe from debts

LbtalkL

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If you are really confident with your skill go for it, but the risk is all yours, Borrowing funds is too risky you might end up getting debt if it will turn out badly. We always have a bad day I hope if you continue your plans you will get profit and return the funds as soon as possible. I myself never tried that the possibility of getting a double amount of your debt is always there. Good luck.

leowonderful

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I would personally never take borrowed money and use it on something on gambling or even trading, though especially not with gambling because the odds are mathematically against you on almost any game. You're already at a disadvantage no matter how skilled you are right off the bat, and that's not too comforting if you're trying to make money from money that's not really yours.

Getting a monetary loan of any sort's a pretty tough situation in the first place. There's a lot of ways that a loan can go wrong, and the results can even end strong friendships.

goinmerry

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Quote from: Maslate on February 25, 2020, 05:20:56 AM

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

I trust fully my gambling skill but will only use my own money for it. Getting a loan for the purpose of doing gambling is like increasing the risks of spending more in return. Professional gamblers even lose today and every day is not a winning day.

Since you want to experiment then up to you to push for it and see if that's effective.

Remember, it's more comfortable and no-pressure if you will risk your own funds compare to loan money that you need to be aggressive in getting winnings. With that mindset, it's difficult to focus on your strategy.

ice098

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Quote from: Maslate on February 25, 2020, 05:20:56 AM

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

What I can recommend here is that you shouldn't borrow money for gambling purposes, because there's no certain strategy that could help us gather good results in gambling. It's always having no assurance, and we can't be sure that we will going to win. Much better if we only use some portions of our extra budget without thinking of any huge bets, in order to avoid any circumstances of losing huge funds.

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Quote from: Maslate on February 25, 2020, 05:20:56 AM

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Not a good idea for me. It's clear that you don't have money to start doing gamble that's why you asked for a loan.

As much as possible, just use any forms of loan into something that will give a sure profit to us like opening a small business or to support your financial plan while you are looking for a stable source of income.

It's risky to expect profits in gambling to support your repayment amount but who we are to stop you. Just pay back in time and follow the lending terms to your friends.

KTChampions

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Quote from: stadus on February 25, 2020, 10:22:10 AM

There is nothing wrong with borrowing money for gambling as long as you understand the risk and you are honest with yourself.
In life we are uncertain so we are also gambling, if we believe in ourselves we can always try but there should always be a limitation.

What does “understand risk” mean? The fact that you have something that you can sell and pay off debt if the game turned out to be unsuccessful or that you have nothing (in term of some kind of collateral) and you must win anyway (which is unrealistic)?

harizen

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Quote from: Maslate on February 25, 2020, 05:20:56 AM

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

I never tried this and will never consider this. I want to gamble with my own money. Even I'm confident with my sports betting strategy and analysis, I still won't consider that plan. But still, it's your decision in the end as people have different reasons why they are considering getting a loan for gambling purposes.

That's not an advisable nor recommended thing to do but the fact that your friends are willing to lend you money "for whatever purpose" you like, even for gambling, means that they are trusting you and confident that you will able to pay back the loan.

Actually, we aren't in the position to just say "NO" to you since only you can tell if you can pay the loan in time. We don't know your other earning-method stuff, we don't know your financial capability, however, in case of being busted while doing gambling or whatever happened along the way, you need to keep your words that you will pay back the amount and don't ruin your reputation and friend's trust just because of that. Good luck mate and put everything you have got to make a fearless analysis on your future bets.

khaled0111

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Do you have another source of income? Will you be able to repay your lenders if things turn out badly and you lose what you borrowed?

Quote from: Maslate on February 25, 2020, 05:20:56 AM

I have friends who are willing to lend me money for whatever purpose I like.

I believe this is only valid as long as you will be able to repay them.

It's your call but personally, I will never do that no matter how confident of winning I am (sh*t happens).

dunfida

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Quote from: Oceat on February 25, 2020, 12:46:00 PM

Quote from: Maslate on February 25, 2020, 05:20:56 AM

I am currently thinking of making an experiment on my own, I have friends who are willing to lend me money for whatever purpose I like.
For this purpose, I like to use the money that I will borrow as the bankroll in sports gambling.

Anyone here have tried this? What can you recommend?

So far I haven't tried it yet since I don't trust my skills that much but if I find someone who has a good skills in gambling I might tell them just in case they don't have a self confidence. Tongue

But in your case you should at least minimize your risk if you know to yourself that your skills is not that good to make money out from nothing. You might find yourself in a deep debt if you want to risk borrowing money if you can't able to make a good comeback to repay your debts.

It would really be a big problem of yours when you are already on the time where you do need to repay those amounts or loans. Making gambling as an option to make more money then better quit it out on this kind of
beliefs and things in mind yet gambling doesnt work that way.It could either make your rich or poor which doesnt have anything left for you in terms of financial and also goes for family relationship as well.

You can eventually spot out if you are good on some sort of gambling.Statistics would be there and its up to you if you can accept it or not.
If you do saw that you do have higher chances or winning rate then it is much bit better compared to those who do blindly gambling for such motive.

Ulven

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I do not recommend this way it can put you in a difficult situation, We also know risky gambling can affect your reputation. Gambling was not the reason to get so much money. Angry

If you want to keep your reputation, don't gamble with someone else's money!!!!

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