Will you borrow money as your bankroll if you trust your skills in gambling? - page 2.

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Quote from: boyptc on June 06, 2020, 03:03:39 AM

Quote from: Triffin on June 05, 2020, 02:18:28 PM

Right to say loan taking is not good for those who do not have skill about gambling but so may people I saw who has become millers with gambling and after winning they return the loan but we should take this risk only when we become fully satisfied about the growth and power of gambling skills. When you become sure that you won't lose take Loan but after all you are risking your money, I wish everyone end up winning in gambling.

Even let's say that I'm a skilled gambler, I wouldn't practice taking loans so that I can continue. That's not good IMO.

That's you, however, other gamblers can take a loan because they are willing to take a risk and they trust that they can win.
When you are in a casino and there are loan sharks their, you will never be granted a loan if they think you can't pay, so most probably you'll only be confident to borrow money if you know you can return that on time.

Quote from: boyptc on June 06, 2020, 03:03:39 AM

You're building confidence that much and too much isn't good for anything. You can't always assume good results even you are too good with it. Even in other things that you're good at.

Don't think that you can only pay when you win, how about your other income or your expected income, we borrow because we have that kind and not when we win because if that's what we are thinking then we will have a problem in the future.

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Quote from: Triffin on June 05, 2020, 02:18:28 PM

Right to say loan taking is not good for those who do not have skill about gambling but so may people I saw who has become millers with gambling and after winning they return the loan but we should take this risk only when we become fully satisfied about the growth and power of gambling skills. When you become sure that you won't lose take Loan but after all you are risking your money, I wish everyone end up winning in gambling.

Even let's say that I'm a skilled gambler, I wouldn't practice taking loans so that I can continue. That's not good IMO.

You're building confidence that much and too much isn't good for anything. You can't always assume good results even you are too good with it. Even in other things that you're good at.

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Quote from: Maslate on February 25, 2020, 04:20:56 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?

No. And I will never do that. Of course I can't recommend.
Because you will play with an handicap in your bet, likewise a double pressure = win and recover money for your friend.
What if you lose? You will play more for paying your friend? Loanshark? Working more?
No despite it's your friend, always playing just with your money.

In the past I have sold some of my stake during a betting competition,
https://bitcointalksearch.org/topic/3-edition-buy-a-piece-of-my-bets-xii-direct-bet-tipster-competition-1843411 but with strictly rules (no winning = no money) etc etc, and it was SOLD.
It was a success at the end just because I have win a prize in the competition... but this was a particular situation, and I don't think it can be replicated fo all bankrolls/betting situation

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Quote from: bitcoinst on June 05, 2020, 02:52:32 PM

Why not borrow if you are confident in your abilities. In this case, you really should know what you are doing, such a decision simply must be conscious and not emotional.

If you are aware of the risk and you can pay your friend in time why not, gambling is very much different from setting up a business, your chances are 50 to 50 in gambling, and you must also aware of the house edge which makes it in favor of the house, you need to be so lucky to beat it and make a profit and pay your friend, in my case I don't do this it's very risky behavior.

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Never borrow money if you don't have a plan how to return it. It's OK to borrow money, for whatever reason, but you borrow money in Friday to have for weekend fun, but your paycheck is coming in Monday and you will return all of it. The same is for everything else! If you are borrowing money for gambling business, or whatever without a clear plan how you will return that money you will be in a deep shit. Don't relay on gambling win, its not smart, if you lose you will be double disappointed, from losing in gambling and because you owe money to someone. Do t do that to yourself, gamble with what you have, borrowing money should be the last option for just critical situations.

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Quote from: Kupid002 on June 03, 2020, 08:27:39 AM

It's a dangerous decision if you do that. There are many ways to play using your own money but having a loan will make you in depth in long term if you make a large loan because of too much trust for your skills ,.

On the one hand, it is, but on the other, how is such an action different from a loan that an entrepreneur takes to develop his business?

Of course, it’s strange when the pros have no money in their favorite business, but the situations are different.
Sometimes you need to quickly get out of this situation after an accidental collapse.

Why not borrow if you are confident in your abilities. In this case, you really should know what you are doing, such a decision simply must be conscious and not emotional.

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Quote from: Triffin on June 05, 2020, 02:18:28 PM

Right to say loan taking is not good for those who do not have skill about gambling but so may people I saw who has become millers with gambling and after winning they return the loan but we should take this risk only when we become fully satisfied about the growth and power of gambling skills. When you become sure that you won't lose take Loan but after all you are risking your money, I wish everyone end up winning in gambling.

Doesn't matter if you are good at "gambling" or have some mind blowing "skills", you still shouldn't borrow or take loans from anyone or the bank just to gamble them. You are not only risking yourself financially, but other peoples money too! You should always keep this in mind that there is always a chance of losing the money.
Anyway, if someone has good skill on gambling, why would they need to borrow money in the first place? What happened to the money they had?

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Quote from: Kupid002 on June 03, 2020, 08:27:39 AM

It's a dangerous decision if you do that. There are many ways to play using your own money but having a loan will make you in depth in long term if you make a large loan because of too much trust for your skills ,.

Right to say loan taking is not good for those who do not have skill about gambling but so may people I saw who has become millers with gambling and after winning they return the loan but we should take this risk only when we become fully satisfied about the growth and power of gambling skills. When you become sure that you won't lose take Loan but after all you are risking your money, I wish everyone end up winning in gambling.

Nik sarge

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I have been back and forth with this over many years, delusional and thinking it would pay off, but the house always wins. I guess in sports betting you have those tipsters who supposedly make a living, but probably make more selling those tips to keep them afloat. Invest literally in anything else, I can see there is a big market for https://www.vegasbetting.com/bitcoin-betting-sites/ putting it in a positive light but you can see https://www.forbes.com/sites/cbovaird/2020/06/03/bitcoin-prices-did-their-own-thing-in-may/#20b4cd18a4e1 that shits volatile affff.

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Quote from: xSkylarx on June 03, 2020, 09:37:54 AM

Gambling is all about luck. I would never recommend to anyone to borrow money just for gambling purposes. That person only puts himself in danger if he will just loss the money he borrowed. Skill only play a small role in gambling even if the opponent is also a real player because I believe that the casino controls their business.

^ Nope... Not really. There are some forms of 'gambling' that requires a larger degree of skill. Poker and sports betting come to mind. Pretty sure card counting at black jack is a skill.

As for borrowing money to gamble, sure... I see it all the time at poker. It's called staking. And yes, some make money out of it... It's run like a business.

reliable

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I would not like to go in debt just because for the gambling. Though I may like to gamble at while but with my own money and even if I possess the best of skill then by that time I myself will have the money and would not be intimated in such cases to borrow it. Also, at times luck plays a vital role in one’s life and it is better to be cautious in gambling than over doing it.

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Quote from: sujonali1819 on June 02, 2020, 06:32:28 AM

Quote

Will you borrow money as your bankroll if you trust your skills in gambling?

what I think about gambling is really a very risky thing. And the only strategy can not give the 100% chance of winning. The other thing also needs besides the strategy is Luck. But Luck also does not favor all time. So I think borrowing money for gambling is really a bad idea. And nobody should do it IMO.

This is my personal opinion, maybe it will not correct for someone but it is correct to me and I never do it.

Borrowing capital for gambling is useless because this will be a big risk that we face at this time will bet, maybe people who borrow will be tempted by betting games or have been given a chance to win, but in gambling we must be able to refrain from greed.

If I rely on luck, I don't think all will get it even though it continues to play every day, so please think again for all of you to borrow just to gamble.

xSkylarx

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Gambling is all about luck. I would never recommend to anyone to borrow money just for gambling purposes. That person only puts himself in danger if he will just loss the money he borrowed. Skill only play a small role in gambling even if the opponent is also a real player because I believe that the casino controls their business.

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Quote from: Bitcoinislife09 on June 03, 2020, 09:04:17 AM

Quote from: Maslate on February 25, 2020, 04:20:56 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 think I'm going to take that loan since he was my friend Grin

But it still depends on what kind of friend he is. I do a lot of this kind of loan where I'm giving it up to gamble but most of the time it was just a small amount and not cryptocurrency maybe because I have a bit of understanding in cryptocurrency and it could be a disaster in for me I a take a loan in crypto and suddenly the market price pump in the market. For a small amount and would take the risk of gambling as long as I know that I could easily make that money that I'm going to lose in the game. Probably because I just don't want my friend to not trust me anymore if I end up running in these high loans.

Even if you ask money from a friend you should be able to pay them back.
It is very risky to get money in order to fuel your gambling activities. Gambling usually creates debt even if you have endless money to bet, you will still have a deficit.

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Quote from: Maslate on February 25, 2020, 04:20:56 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 think I'm going to take that loan since he was my friend Grin

But it still depends on what kind of friend he is. I do a lot of this kind of loan where I'm giving it up to gamble but most of the time it was just a small amount and not cryptocurrency maybe because I have a bit of understanding in cryptocurrency and it could be a disaster in for me I a take a loan in crypto and suddenly the market price pump in the market. For a small amount and would take the risk of gambling as long as I know that I could easily make that money that I'm going to lose in the game. Probably because I just don't want my friend to not trust me anymore if I end up running in these high loans.

We know that a lot of people are taking a loan even rich people that have a lot of cash are going to take a loan. Just like businessman even if they have a lot of cash in them they are not going to spend it to something that they needed probably they are going to take a loan for it and then pay it little by little because they cash on hand is very important and having a business is really a big risk just like in gambling. Still, a lot of people would really prefer to take a loan even if they don't know if they are going to win because everything is a gamble.

Kupid002

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It's a dangerous decision if you do that. There are many ways to play using your own money but having a loan will make you in depth in long term if you make a large loan because of too much trust for your skills ,.

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Quote from: iTradeChips on June 01, 2020, 12:18:45 AM

I think I need to step back and check the post again of the OP. He is actually considering using the borrowed money for sports betting. Now in my opinion, I have already experienced this situation but it is not me who is borrowing but rather a friend, a close friend who wants to bet a basketball team on its finals. As we are in agreement that it might be the winning team, I borrowed him some money, not really big, but added my bet as well. Told him that my bet is separate than his and that should double the amount if we win. Luckily we won but because we realized at the end it is really risky doing sports betting (risky in a sense that I don't experience this sense of anxiety compared to doing online poker, honestly I felt uncomfortable). That was the only time I lend money and did a sports bet. If we are dealing let's say with 100 dollars then by all means do it. But if we dealing more than a hundred, I would think twice.

I guess we have all been in that situation. I never ever lend money to friends anymore. If it is an emergency and they need it like life and death, I give them what I can afford, and never expect it back. So many friendships are lost because of borrowed money,,, it is never worth it.

I mentioned in another thread too about all these casino gamblers loaning each other money and eventually fighting. Such drama.

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Please do not use loan money from your friends for bankroll in sports gambling. That's a bad decision, even if you believe with your ability
in gambling. Try to think of the worst scenario if you fail at sports gambling, chances are you are will have difficulty returning your friend's
loan money. Then the effect you will not be trusted by your friends again, if it's like that the situation. You will regret it yourself.

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Quote

Will you borrow money as your bankroll if you trust your skills in gambling?

what I think about gambling is really a very risky thing. And the only strategy can not give the 100% chance of winning. The other thing also needs besides the strategy is Luck. But Luck also does not favor all time. So I think borrowing money for gambling is really a bad idea. And nobody should do it IMO.

This is my personal opinion, maybe it will not correct for someone but it is correct to me and I never do it.

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Quote from: ?? on ??

But for a gambler who knows the consequences, he will not borrow the money because he knows the risk, and he will stop gamble if he runs out of the money.

I don't think borrowing money is really a big issue, especially if you are a gambler who knows how to pay.
I know it looks bad from the eyes of non gamblers as they will say " this person is running out of money due to gambling and now borrow money"... that's non of their business, you don't let people judge you, just do your thing, if you feel like borrowing money then borrow money, but always be obliged to pay the loan based on the agreement between and the lender.

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