Will you borrow money as your bankroll if you trust your skills in gambling? - page 4.

samcrypto

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Quote from: asu on May 26, 2020, 03:51:11 PM

I tried it once(just the amount that I can afford to lose) and it went luckily in profit lmao. Well, just like other's advice, don't gamble with a debt money, so much risks involved. Just think about the pressure. Cheesy

Gambling with debt money is really not a good idea because I tried this before as well, and at first it went good but on my second try I lose all the money that I have which is came from the pocket of my friend. This is the lesson that I’ve learned from my friends, you can play all the money that you have but if you don’t have self discipline then you’ll always ended up as a broke gambler, well a costly lesson to be learned honestly.

Vannie12

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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.
Borrowing money to put as an investment needs that assurance that if you won't have profit, atleast you can have the money back. Don't put yourself in a possible lose-lose situation.

plvbob0070

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Even if I trust my skills, I would rather not use anyone's money to gamble. Of course, if I know I'm good at it, I will use my money. Why should I use other's money even if I knew can win it? The only reason for you to borrow money is that you don't have enough money to gamble anymore so it can also mean that you are not that good or lucky because you've already lost your own money.

If you don't have money in the first place but still believe that you can win in gambling, it's still not a good idea. If you lose, you will have to pay them, if you win, that's good but I still would not use borrowed money. If I will get used to borrowing money because I know I can double or even triple it, I might become dependent on borrowing other's money to gamble, which is not a healthy practice in gambling.

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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.

Gambling is very risky already and you will add more risk into it if you will borrow money because you will paying more as you will add an interest into it so it will be a problem for you too. If there are some gamblers who did this and luckily won using the borrowed money then they are lucky but most of them are not experiencing that scenario but the opposite is the one who is happening more often.

Anyway, skills will help you but don't trust in it. Trust in luck and nothing more Tongue

.

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Quote from: iTradeChips on May 26, 2020, 07:40:58 PM

Many people, gamblers included, usually think of borrowing money to be used for other things like setting up a small business or pay your kids education fees and all the other things one can do with money. But never to be used for gambling. Even if you think very high of yourself and you think you can actually do be able to get back the money then that is not good. You can use a small amount and make that big instead of using the whole loaned money and then lose. That is unethical.

If borrowing is only for my needs I think it's natural because it is important for them to finance their daily lives, but borrowing for gambling I think we have to think again even though we have good skills in gambling still the chance to lose in gambling 80% then therefore gambling cannot be guaranteed that it will return money quickly.

We must understand that gambling is not an easy thing to get profit so they borrow for it.

It's very difficult to say that gambling becomes greedy.

iTradeChips

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Quote from: Zeke_23 on February 25, 2020, 06:27:54 AM

Quote from: imstillthebest on February 25, 2020, 05:54:10 AM

why not ? if you are confident of your skills on gambling then why not try what your planning . its your friend anyway and he said that he are verry willing . if you cant paid , i have a sense that he will wont scolded you or hated you but dont do this to other people that you dont really know because you can be on big trouble if ever you cant pay . never tried gambling with loaned money but i do loan money for other purposes and sometimes i gamble some and win some and then i pay my loans on time .

I disagree with you,
The fact that he is thinking to use the money he was about to borrow to gamble is not a good idea, it is like you are asking someone to get you in a situation you can't easily escape with. Even if OP's friend is willing to lend him money, gambling is not a better choice.

Many people, gamblers included, usually think of borrowing money to be used for other things like setting up a small business or pay your kids education fees and all the other things one can do with money. But never to be used for gambling. Even if you think very high of yourself and you think you can actually do be able to get back the money then that is not good. You can use a small amount and make that big instead of using the whole loaned money and then lose. That is unethical.

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Quote from: onrise on May 26, 2020, 05:59:46 AM

I would also not recommend it because certainly if people do not have bankroll if they did have previously then it means they have lost it. And also, anything should be limit and should be done with you own money in gambling because sometimes luck may not be that good to make you win. Though skills is also required, but even at times luck does play some role to make you win. So instead of falling in more debt trap better to stay away from it.

You're right. If a person really knows how to play and has no money for some reason (it's suspicious Cheesy

), then he will be able to get up even from free tournaments that are held regularly at PS. Perhaps this is a long journey, but it is completely risk-free.

FlightyPouch

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Quote from: janggernaut on March 18, 2020, 09:46:09 AM

Quote from: bitcoinst on March 09, 2020, 12:13:09 PM

If you have really good gambling skills, then you probably will already have a certain bankroll.
However, if you need funds, then you probably lost somewhere, which means your skills are not as good as you think.
As a result, you can fall into a debt trap from which you can get out a very long time.

You can't guarantee you will always win in gambling and never lose even for once. If he lose, it doesn't mean he is not good in gambling (that's maybe he is unlucky or shit happens). Even if you are good gambler, you still can't be certain you will be earn much profit from borrowed money

That is the problem here. You might have millions and millions of money in your pocket, but you will not be certain how the dice rolls when you gamble so that money might not be enough. The thing here is that you are dealing with gambling, and as long that it is gambling, the risk is there and there are odds that you will lose.

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Quote from: asu on May 26, 2020, 03:51:11 PM

I tried it once(just the amount that I can afford to lose) and it went luckily in profit lmao. Well, just like other's advice, don't gamble with a debt money, so much risks involved. Just think about the pressure. Cheesy

Good thing that you do able to pull it through but I cant really imagine the pressure behind each bet since you do know that you are risking debt money.

If I were on that case I wont really make such step since you know that problem becomes more worst if you do lost that money.

It is much more safe to make bets or do gamble if you don't have any responsibilities on repaying something just because you do borrow.

Even on how you do trust up your skills it wont guarantee anything.

asu

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I tried it once(just the amount that I can afford to lose) and it went luckily in profit lmao. Well, just like other's advice, don't gamble with a debt money, so much risks involved. Just think about the pressure. Cheesy

BitcoinTurk

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Quote

Anyone here have tried this? What can you recommend?

No matter how you are a successful gambler, I strongly advise you not to gamble with debt money, especially debt money you will have trouble paying. I think that it would be a great stupid to gamble in these periods when it is unreasonable to invest in debt money because unfortunately, in case of a possible loss, you are unlikely to get it back. Besides, it is not right to rely on any sports games today because we can see that there are bribes, handicaps or similar procedures in almost every sport. Although you are a good predictor or gambler, you should never gamble with debt money. As I mentioned, a single bet or prediction can cause you to lose your entire safe. Also, in this case, you will not only receive material damage, but also psychological damage.

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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 never have done this experiment but I have seen a lot of other people doing it which all of them had one thing in common.They all failed and lost of the money in every gambling area they were playing be it sports,slots,poker or roulette.This shows that is something which in almost all cases does not bring the user any good.I recommend to stay calm and use only own money and never borrow money for gambling.

onrise

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Quote from: bitcoinst on March 09, 2020, 12:13:09 PM

If you have really good gambling skills, then you probably will already have a certain bankroll.
However, if you need funds, then you probably lost somewhere, which means your skills are not as good as you think.
As a result, you can fall into a debt trap from which you can get out a very long time.

I would also not recommend it because certainly if people do not have bankroll if they did have previously then it means they have lost it. And also, anything should be limit and should be done with you own money in gambling because sometimes luck may not be that good to make you win. Though skills is also required, but even at times luck does play some role to make you win. So instead of falling in more debt trap better to stay away from it.

Kong Hey Pakboy

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I will not borrow money from my friend and will only use it in gambling because it is very rude of me if I will only use the money in gambling, and what if I lose all of the money that I borrowed? How will I be able to pay back the money that I borrowed? So I think it is much better if you will only use your own money to play gambling for you not to be embarrassed in front of your friend.

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Quote from: alani123 on February 25, 2020, 04:31:47 AM

This is never a good idea.
Gambling is always set in favor of the house/bookmaker and borrowing money just to put it on a wager not only increases potential losses, but can even result in financial ruin and bankruptcy as you end up losing more than just cash.

I wouldn't even do it if the betting was on a 1v1 match and I was the player. Just too many things that can go wrong for such a risk.

I agreed when most of the gamblers borrowed some money to play more, it bing them tremendous losses when they out of source to get money to pay it. this is the worst thing you can do because it doesn't look good when you lose it all. even if you win one time, you will end up getting used to it when you lose and by that time you will get nothing but depression. This is where most of the gamblers fall, when they run out of money to play and they run out of people to borrow money with.

ethereumhunter

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Quote from: bitcoinst on March 09, 2020, 12:13:09 PM

If you have really good gambling skills, then you probably will already have a certain bankroll.
However, if you need funds, then you probably lost somewhere, which means your skills are not as good as you think.
As a result, you can fall into a debt trap from which you can get out a very long time.

Having good gambling skills cannot help you to win if you don't have luck because luck will be one of many factors in gambling that will be needed by a gambler.

Even if you have much money to bet, you will feel difficult to win, but if the luck is come to you, no matter if you only use small money, you will win the games and get the money. But if you don't have much money, you must not try to take the loan the money from other people.

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Quote from: iTradeChips on May 26, 2020, 02:30:21 AM

Never would I be asking people for money to be used in gambling.

Good for you.

Quote from: iTradeChips on May 26, 2020, 02:30:21 AM

I always rely to two things. My earnings in gambling and betting and also small amount from salary taken from my other jobs and endeavors.

I'm confuse, so where are you getting the money to gamble when you earn from gambling?
The salary, I would understand since most of us are just taking a portion of our salary for gambling, but the above. Roll Eyes

Quote from: iTradeChips on May 26, 2020, 02:30:21 AM

But of course when I say a small amount, I mean amount that I can risk and lose if ever I lost the game. We can never be sure what the future will bring so why trust myself.
Better be safe than sorry many say. And I will follow that approach.

It's not necessary to call it a small or big amount, an amount that you can afford to lose is already enough to determine on what amount you will gamble since everyone has a different amount to gamble, some are just too aggressive, some are just spending a very little amount, but the key here is just to be responsible and gamble what you can afford to lose.

iTradeChips

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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?

Never would I be asking people for money to be used in gambling.
I always rely to two things. My earnings in gambling and betting and also small amount from salary taken from my other jobs and endeavors.
But of course when I say a small amount, I mean amount that I can risk and lose if ever I lost the game. We can never be sure what the future will bring so why trust myself.
Better be safe than sorry many say. And I will follow that approach.

janggernaut

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Quote from: bitcoinst on March 09, 2020, 12:13:09 PM

If you have really good gambling skills, then you probably will already have a certain bankroll.
However, if you need funds, then you probably lost somewhere, which means your skills are not as good as you think.
As a result, you can fall into a debt trap from which you can get out a very long time.

You can't guarantee you will always win in gambling and never lose even for once. If he lose, it doesn't mean he is not good in gambling (that's maybe he is unlucky or shit happens). Even if you are good gambler, you still can't be certain you will be earn much profit from borrowed money

Twentyonepaylots

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Quote from: Kurokonobasuke on March 18, 2020, 08:42:13 AM

For my opinion, borrowing money is a very dangerous solution/strategy to get back our loss money in gambling, because we are not sure if it is surely to get back our loss assets and if we loss our borrowed money it may result into big debt and if the big debt continues you may be bankrupt and you’ll be get wanted by the authority.
So that in borrowing money is not really helpful I’ll suggested to use the own money to recover the loss assets instead of other’s money so that it will prevent you from a hard headache because of a big debt.

Indeed. Just because you have trust in your skills doesn't mean that you have a higher chance at winning the games. Trust/confidence is a good factor for success in gambling. However, it merely comprises the whole equation. So it's still most advisable to use disposable money when gambling to ensure that whatever you lose today wouldn't hurt your financial stability tomorrow. You gotta make sure that you still have food to eat and anroof to live in. If you will be using your bankroll perhaps I can suggest just flat-out investing the money on assets and even bitcoin. It's price is relatively low right now and it is the best time to buy coins as halving comes near.

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