Will you borrow money as your bankroll if you trust your skills in gambling? - page 3.

Maslate

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Quote from: ethereumhunter on June 01, 2020, 07:14:33 AM

Quote from: ShowOff on May 31, 2020, 07:48:49 AM

Honestly, I am not confident enough to ask someone for a loan for gambling purposes. Even though I have a chance to win, this step is very risky and will cause other problems.

Yes, you are right. We need to know ourselves, our capability, our skills before we take a loan for playing gambling, but that is not recommended because we never know if we can repay that money or not.

Why would we borrow in the first place if we can't repay the money we owe.
The fact that we borrow of whatever purpose we are using, we need to ensure that we can pay when the loan is due.

For example, I am expecting a salary by the end of the month and I am short of cash right now and I like to gamble, of course I will borrow as I'm confident regardless of the outcome that I will be able to repay it since I'll be receiving my salary by the end of the month.

Also, your lender will evaluate your capacity to pay and will only approve if he thinks you can pay back.

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Quote from: ShowOff on May 31, 2020, 07:48:49 AM

Honestly, I am not confident enough to ask someone for a loan for gambling purposes. Even though I have a chance to win, this step is very risky and will cause other problems.

Yes, you are right. We need to know ourselves, our capability, our skills before we take a loan for playing gambling, but that is not recommended because we never know if we can repay that money or not. We'd better play for having fun while we can enjoy the time in gambling, and maybe we can release the stress for a moment. The risk to take a loan will fall behind of you, no matter if you win or lose because you should give the money back. If you can realize that, I think you will not try to take a loan from anybody.

iTradeChips

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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.

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Honestly, I am not confident enough to ask someone for a loan for gambling purposes. Even though I have a chance to win, this step is very risky and will cause other problems.

For one situation, I would dare to take the risk if the person who borrowed the money was willing to accept the risk with the agreement in advance. Losing gambling is a sure thing, but if we both want to take risks, I dont think theres anything wrong. The point is to win and lose together.

Quote from: bitbunnny on May 31, 2020, 07:35:00 AM

I wouldn't borrow money for gambling, this is too risky.
No matter all gambling skills and experiences we still depend on luck when it comes to gambling.

Maybe it will be the same as lending money to trade. Although trading can still be improved due to price movements, the risk is almost the same.

jademaxsuy

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I wouldn't borrow even if I trust my skills in gambling and I wouldn't use my money either. When you talk about gambling it already means that the house have the advantage of whatever game you play that is why you always lose even if you have huge bankroll.

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I wouldn't borrow money for gambling, this is too risky.
No matter all gambling skills and experiences we still depend on luck when it comes to gambling. There is no guarantee that the made profit will be enough to make payments for the loan and I can see that situation only as a potential for even bigger troubles.
Bank loans should be avoided if they are not necessary and to take them for gambling is foolish thing to do if you ask me.

FlamingFingers

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Borrowing money for gambling is highly risky you tend to loose it all because gambling is all about luck, no matter how good your skills is you cannot supercede the bookies

The rate at which you have a settled mind when playing a gamble with your own money will certainly be different from the way you gonna be playing with a borrowed money, I will advise anyone not to try such so as to avoid being rekt

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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 already tried it on other things. I borrowed some money and tried the best of my luck. I decided to do it because I know that the money that I will use will just surely comeback to me, so I gave it a shot, and also, I have trust on myself and to that thing that I chose to gamble.
Gambling will never be hurtful for you if you do it knowing all the consequences that you may end up with. If you lost, accept. Learn also! It is about learning and winning. If yoh did not win, look for that lesson so you could learn.
It is not a good idea if you gamble without the courage to accept lost. Otherwise you will just suffer.

Maslate

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Quote from: Twinkledoe on May 31, 2020, 03:13:35 AM

Exactly! Even if you trust your skills, most gambling games are based on luck so you have no assurance that you will win every time you play.

The solution is very simple, then don't play a game that is based on luck, otherwise you'll keep complaining.
Games that are based on skills are available, we just need to learn how to choose our game and concentrate on it, then you can develop that skills.

Quote from: Twinkledoe on May 31, 2020, 03:13:35 AM

The chance of losing is usually high in gambling. So borrowing someone else's money is not a good practice. It is better to play with your own money rather than borrowing. That's where you will start having debts and all, because the interest that you will pay afterwards is quite significant.

Like I said, if you play on a skilled based games and you can use your skills to increase your chances, then you would not think of that reality, that's an overall reality as most gamblers are playing a luck based type of game, so borrowing money will not necessarily lead to big problem.

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Quote from: LogitechMouse on May 29, 2020, 06:34:24 AM

Quote from: Renampun on May 27, 2020, 04:25:56 PM

trust alone is not enough...
very risky to borrow money as gambling capital because of confidence in one's own abilities, especially dice/slot / Plinko gambling that only relies on luck. better collect your little money for gambling capital.

One reason why borrowing money on other people is risky is that if you will lose the money you borrowed, you will pay it plus the interest on it which is additional problem for the gambler unless he has already find a way to pay it then there is no problem.

It would be better for me if you will just use your own money in gambling and don't trust on your skills that much because most of the games in gambling is mostly luck based. There are some games which requires a bit of luck but a huge of it will require luck in order to win.

Exactly! Even if you trust your skills, most gambling games are based on luck so you have no assurance that you will win every time you play. The chance of losing is usually high in gambling. So borrowing someone else's money is not a good practice. It is better to play with your own money rather than borrowing. That's where you will start having debts and all, because the interest that you will pay afterwards is quite significant.

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Quote from: Renampun on May 27, 2020, 04:25:56 PM

trust alone is not enough...
very risky to borrow money as gambling capital because of confidence in one's own abilities, especially dice/slot / Plinko gambling that only relies on luck. better collect your little money for gambling capital.

One reason why borrowing money on other people is risky is that if you will lose the money you borrowed, you will pay it plus the interest on it which is additional problem for the gambler unless he has already find a way to pay it then there is no problem.

It would be better for me if you will just use your own money in gambling and don't trust on your skills that much because most of the games in gambling is mostly luck based. There are some games which requires a bit of luck but a huge of it will require luck in order to win.

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Quote from: Inkdatar on May 28, 2020, 07:58:50 PM

Quote from: Renampun on May 27, 2020, 04:25:56 PM

trust alone is not enough...
very risky to borrow money as gambling capital because of confidence in one's own abilities, especially dice/slot / Plinko gambling that only relies on luck. better collect your little money for gambling capital.

Trusting your skills in gambling is not enough indeed even you know the process, somehow in gambling it's proven you may win or lose the game. Not wise though to borrow money just to play there's a big risk that you cannot repay it. Much better play on your own money that you can afford to lose. Remember luck may come and go into gambling.

if you mention dice, slot or this type of game, these are fully dependent on luck, these do not require much skill to play. If luck is on your favor you will win, otherwise you will lose. so, if you make such types of gamble which are depending entirely on luck and want to borrow money from others. I mean it's the ultimate limit of stupidity, gamble with your own money and never spend too much money on gambling. because there are 50-50 chance of winning and losing.

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Quote from: Renampun on May 27, 2020, 04:25:56 PM

trust alone is not enough...
very risky to borrow money as gambling capital because of confidence in one's own abilities, especially dice/slot / Plinko gambling that only relies on luck. better collect your little money for gambling capital.

Trusting your skills in gambling is not enough indeed even you know the process, somehow in gambling it's proven you may win or lose the game. Not wise though to borrow money just to play there's a big risk that you cannot repay it. Much better play on your own money that you can afford to lose. Remember luck may come and go into gambling.

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Quote from: stadus on May 28, 2020, 07:50:53 AM

Quote from: Vannie12 on May 28, 2020, 07:24:37 AM

Exactly, I think gambling is a choice. I rather not include anyone else when it comes to gambling especially when it comes to money.
Responsibility is heavy in money matters. When you decide to include other people, you will be responsible for their possible losses.

Borrowing money does not mean you include the lender to your activity, regardless of the outcome, you will still have to pay that money you borrow.
Some just don't give a specific reason when they borrow money, they just say for personal purpose and if you are trustworthy, a lender would eventually lend you a money, now, you just have to be responsible by paying what you have promise, pay when the debt is due, and don't make an excuse that you can't pay because you lose in gambling, that's so irresponsible.

Normal!

Lendors are out of the business as long they do provide you the loan and whatever the reason on where you would use it.
You request a loan and if granted then you are obliged to repay it.If not then you're fucked up specially if the loan had done it
physically yet they can easily sue you out or file up some case, therefore you would really end up in jail just because of a loan. LOL!

Its never been wise for you to use a borrowed or loan money unless if it would be used in other purpose just like adding or building up
a business or add up into your investment then thats considerable since you can somewhat rely if those investment of yours would turn
out to be profitable which means you can repay the loan without any problem.

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Quote from: Vannie12 on May 28, 2020, 07:24:37 AM

Quote from: boyptc on May 27, 2020, 03:15:50 PM

Quote from: Vannie12 on May 27, 2020, 11:05:30 AM

I guess it is not bad to borrow money for the intention of investment. But in gambling, I think its a bad idea. If you trust your skills and chances on this field, you may try to put in your own investment.

But for obvious reasons that's in gambling.

Even if I'm that good, it's still gambling. You will never know whether you win or not and even in sports betting.

I'm not confident doing it, I'll wait until I have my own money to use it with any purpose that I want.

Exactly, I think gambling is a choice. I rather not include anyone else when it comes to gambling especially when it comes to money.
Responsibility is heavy in money matters. When you decide to include other people, you will be responsible for their possible losses.

It's a choice, yes.

I've read experiences of other gamblers that used others' money and borrowed it. The ending result wasn't good so those experiences, I don't want to do the same.

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Quote from: Vannie12 on May 28, 2020, 07:24:37 AM

Exactly, I think gambling is a choice. I rather not include anyone else when it comes to gambling especially when it comes to money.
Responsibility is heavy in money matters. When you decide to include other people, you will be responsible for their possible losses.

Borrowing money does not mean you include the lender to your activity, regardless of the outcome, you will still have to pay that money you borrow.
Some just don't give a specific reason when they borrow money, they just say for personal purpose and if you are trustworthy, a lender would eventually lend you a money, now, you just have to be responsible by paying what you have promise, pay when the debt is due, and don't make an excuse that you can't pay because you lose in gambling, that's so irresponsible.

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Quote from: boyptc on May 27, 2020, 03:15:50 PM

Quote from: Vannie12 on May 27, 2020, 11:05:30 AM

I guess it is not bad to borrow money for the intention of investment. But in gambling, I think its a bad idea. If you trust your skills and chances on this field, you may try to put in your own investment.

But for obvious reasons that's in gambling.

Even if I'm that good, it's still gambling. You will never know whether you win or not and even in sports betting.

I'm not confident doing it, I'll wait until I have my own money to use it with any purpose that I want.

Exactly, I think gambling is a choice. I rather not include anyone else when it comes to gambling especially when it comes to money.
Responsibility is heavy in money matters. When you decide to include other people, you will be responsible for their possible losses.

Renampun

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trust alone is not enough...
very risky to borrow money as gambling capital because of confidence in one's own abilities, especially dice/slot / Plinko gambling that only relies on luck. better collect your little money for gambling capital.

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Quote from: LogitechMouse on May 27, 2020, 04:56:35 AM

Nope and if I will be addicted into gambling (which I know it will not happen), I will not borrow to any of my colleagues or companions.
~

It's easy to reason when you have no addiction Wink

Obviously, if you had an addiction, you would reason and act in a completely different way. This is precisely the problem of addiction - those who suffer from it cannot act rationally.

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Quote from: Vannie12 on May 27, 2020, 11:05:30 AM

I guess it is not bad to borrow money for the intention of investment. But in gambling, I think its a bad idea. If you trust your skills and chances on this field, you may try to put in your own investment.

But for obvious reasons that's in gambling.

Even if I'm that good, it's still gambling. You will never know whether you win or not and even in sports betting.

I'm not confident doing it, I'll wait until I have my own money to use it with any purpose that I want.

Topic: Will you borrow money as your bankroll if you trust your skills in gambling? - page 3. (Read 2056 times)