Gambling is not just what you damble into. Gambling needs preparation especially in the mind. A lot of damage could be done even unto death, it could lead to jail, high blood pressure, irrecoverable losses, even suicide if someone do it anyhow. One could be lucky to do it anyhow and still win(that's gambling for you) but if comes the other way round should also be planned. And borrowing money to gamble is not adviceable, you should gamble with money you can afford to lose.
I agree with what you said, Gambling is literally a very risky field to get money and it's not recommended to be honest. It could be addicted sometimes and I'm sure that anyone can be broken if he took it as a source of getting money. I usually gamble only for fun with my friends and I never took it so serious because I know the bad effects of it and I know how it's gonna be so bad when I start to think that it can be a source for getting money, in the most of case I'll end up loosing though.
Topic: Worst Day of My LIFE - Dice - page 2. (Read 1521 times)
Gambling makes us addicted, especially if you've been given a win once, usually someone will be curious to be able to win back. But instead of the victories we often get, we're mostly lost. I have experienced that when gambling often, but thank God I have never borrowed money from anyone to gamble. So it is not recommended to borrow money for gambling. So if there is no money I just stay quiet and not gamble.
A wise and not greedy mindset is primary, but indeed as a gambling addict there will be thoughts of borrowing money to gamble even though it is only a small loan but over time it can become a habit when they no longer have control and because of greed which makes it worse.It's not that easy to follow the advise though, specially if one is addicted and have won much in past
the feeling to take a loan and then double it within seconds and then return the loan and having free money is kinda thrilling ans very hard to resist, and human greed defies every logic 
Gambling makes us addicted, especially if you've been given a win once, usually someone will be curious to be able to win back. But instead of the victories we often get, we're mostly lost. I have experienced that when gambling often, but thank God I have never borrowed money from anyone to gamble. So it is not recommended to borrow money for gambling. So if there is no money I just stay quiet and not gamble.
A wise and not greedy mindset is primary, but indeed as a gambling addict there will be thoughts of borrowing money to gamble even though it is only a small loan but over time it can become a habit when they no longer have control and because of greed which makes it worse.
~snip
Borrowing money just to gamble is a stupid idea but if you really are a greedy and a revenge type gambler, you will do things like this to get your money back or to have some profits to bag on. There are many gamblers who are getting many losses because either they don't know when to stop or they are not lucky at that time. For me, it is better if don't just gamble if you don't want to suffer the consequences gambling can give to you.
Don't you think gambling is destructive most of the times? I can't see there's a lot of stories about gambling that have a happy ending , they are all either endless or terrible ending just like what op experienced.
That's the worst scenario... borrowing the money > get busted all > frustrated can't pay it back > committed crimes or the worse committed suicide to end the misery, I've heard a lot of stories like that , I wish we won't be one of them.
Actually gambling is not entirely bad, the bad is players. Stupid players will play greedyly and they will continue to try to play even in the worst conditions, like borrowing, well that's the stupidest thing. If the person playing is a wise person then they will make this gambling just a side to have fun and money is just a bonus, not a goal.
Gambling is not just what you damble into. Gambling needs preparation especially in the mind. A lot of damage could be done even unto death, it could lead to jail, high blood pressure, irrecoverable losses, even suicide if someone do it anyhow. One could be lucky to do it anyhow and still win(that's gambling for you) but if comes the other way round should also be planned. And borrowing money to gamble is not adviceable, you should gamble with money you can afford to lose.
The damage that can be done if you'll engaging too much will go deeper, make sure you are mentally prepared and you are not going to spendmoney that you can't afford to lose, otherwise, hte damage can bring you to many wrong decisions in life, to the point that you'll be ruining yourself.
Acknowledging all the potential outcomes will build your chances not to be addicted and not to make worse decisions like lending money for gambling purposes.
~snip
Borrowing money just to gamble is a stupid idea but if you really are a greedy and a revenge type gambler, you will do things like this to get your money back or to have some profits to bag on. There are many gamblers who are getting many losses because either they don't know when to stop or they are not lucky at that time. For me, it is better if don't just gamble if you don't want to suffer the consequences gambling can give to you.
Don't you think gambling is destructive most of the times? I can't see there's a lot of stories about gambling that have a happy ending , they are all either endless or terrible ending just like what op experienced.
That's the worst scenario... borrowing the money > get busted all > frustrated can't pay it back > committed crimes or the worse committed suicide to end the misery, I've heard a lot of stories like that , I wish we won't be one of them.
~~~
Too ambitious to win a bet by doubling the value of the bet will produce two things. First we can win big and second we will fail miserably. Gambling is full of hope, but we dont realize that we have fallen asleep with the hope of victory. It is ok to bet, but if you cant control your emotions and thoughts, keep them away.Often people sell valuable assets to bet, with the hope of returning capital and lots of wins, but many end in defeat and disappointment. Therefore, borrowing money to bet is not a good way to do it because it will only increase financial problems.
Gambling makes us addicted, especially if you've been given a win once, usually someone will be curious to be able to win back. But instead of the victories we often get, we're mostly lost. I have experienced that when gambling often, but thank God I have never borrowed money from anyone to gamble. So it is not recommended to borrow money for gambling. So if there is no money I just stay quiet and not gamble.
A wise and not greedy mindset is primary, but indeed as a gambling addict there will be thoughts of borrowing money to gamble even though it is only a small loan but over time it can become a habit when they no longer have control and because of greed which makes it worse. 
Gambling makes us addicted, especially if you've been given a win once, usually someone will be curious to be able to win back. But instead of the victories we often get, we're mostly lost. I have experienced that when gambling often, but thank God I have never borrowed money from anyone to gamble. So it is not recommended to borrow money for gambling. So if there is no money I just stay quiet and not gamble.
Gambling is not just what you damble into. Gambling needs preparation especially in the mind. A lot of damage could be done even unto death, it could lead to jail, high blood pressure, irrecoverable losses, even suicide if someone do it anyhow. One could be lucky to do it anyhow and still win(that's gambling for you) but if comes the other way round should also be planned. And borrowing money to gamble is not adviceable, you should gamble with money you can afford to lose.
Is there anyone who won't ask you anything when you are going to borrow their money?
When I lent someone I usually ask them on what purpose you will borrow, or sometimes the borrower itself with say first why he would borrow. However, a borrower can always make false reason, so if we lend money and we trust the person, we would just give if we have some extra money, regardless on how he spend it as its already out of our control.
Borrowed $1600 from my friend. Apart from this placed gold as collateral and got $250. ~
that it was the OP who borrowed money and lost all of it, plus $250 from the mortgaged gold.
Please, guys, before posting in a thread, read the OP first.
Unfortunately, no updates from the OP in this thread, although they were making 11 posts on this very forum just two days ago.
Although you are right in regards of hedging your funds, I think when dealing with gamblers, we should care about their fate too. If you know for sure that someone wants to borrow money from you to gamble with it later, you better don't loan the money to them at all, with collateral or not. Maybe they will be mad at you at first, but they will thank you later.
It may go either way. If someone will borrow money from you to be used for betting and that bet won but since you did not lend him, he will definitely be mad at you. But either way, you should not lend to people who will just use the money for gambling. They are not to be trusted. Who will trust someone who does not have the money but still wants to gamble? That attitude reeks of lack of discipline and out of control gambling urge.
Borrowed $1600 from my friend. Apart from this placed gold as collateral and got $250. ~
that it was the OP who borrowed money and lost all of it, plus $250 from the mortgaged gold.
Please, guys, before posting in a thread, read the OP first.
Unfortunately, no updates from the OP in this thread, although they were making 11 posts on this very forum just two days ago.
Although you are right in regards of hedging your funds, I think when dealing with gamblers, we should care about their fate too. If you know for sure that someone wants to borrow money from you to gamble with it later, you better don't loan the money to them at all, with collateral or not. Maybe they will be mad at you at first, but they will thank you later.
~snip
Borrowing money just to gamble is a stupid idea but if you really are a greedy and a revenge type gambler, you will do things like this to get your money back or to have some profits to bag on. There are many gamblers who are getting many losses because either they don't know when to stop or they are not lucky at that time. For me, it is better if don't just gamble if you don't want to suffer the consequences gambling can give to you.
borrowing money for something high risk is really not recommended. I will borrow money when it guarantees that it will benefit. I have never even spent my money on gambling, I only dare to gamble when I get free money, and therefore when I lose a lot of money, I never stress.
~snip
Borrowing money just to gamble is a stupid idea but if you really are a greedy and a revenge type gambler, you will do things like this to get your money back or to have some profits to bag on. There are many gamblers who are getting many losses because either they don't know when to stop or they are not lucky at that time. For me, it is better if don't just gamble if you don't want to suffer the consequences gambling can give to you.
Gambling is not just what you damble into. Gambling needs preparation especially in the mind. A lot of damage could be done even unto death, it could lead to jail, high blood pressure, irrecoverable losses, even suicide if someone do it anyhow. One could be lucky to do it anyhow and still win(that's gambling for you) but if comes the other way round should also be planned. And borrowing money to gamble is not adviceable, you should gamble with money you can afford to lose.
Many gamblers suffer losses cause they never think what would be the possible consequences that might able to face later. Borrowing money for gambling its a nono for me and I think most of us here think it the same way. Though it sometimes came into our mind of winning the jackpot can solve everything, pay our debts and make us an instant millionaire. It sounds like encouraging but what if we fail (again), this is what we should have to look by. Though borrowing might be good but not because we use it for gambling.
Borrowing money to gamble is the biggest and most dangerous mistake according to me because you would always be under pressure to gave back money and till that time you would have a lot of stress and would do anything to get money which could even involve wrong doings.
Indeed, borrowing money is a big No if you're going to gamble. It would be better to use your own money rather than asking for others to sustain your eagerness to gamble, its risky and might put you in a worse situation like what happened to op.No matter how good player and confident you're to grow the money still its a mistake to use it for gambling.
Are you new to gambling or something?
It's beyond me why anyone would borrow to gamble or invest in something they don't understand well. Could this be greed or addiction? I doubt it's addiction
It's beyond me why anyone would borrow to gamble or invest in something they don't understand well. Could this be greed or addiction? I doubt it's addiction
The whole idea looks stillborn to me
If they have to borrow money for something, though not necessarily for gambling or investing (these are the extreme cases), most certainly they don't understand it at all. Apart from a few rare exceptions (which are said to prove the general rule), this is going to end in disaster and likely personal default. Even in business, if your idea is worth it, you will be able to find investors to support your project with their own money (so-called venture financing)
Borrowed $1600 from my friend. Apart from this placed gold as collateral and got $250. Altogether with hope of returning the borrowed amount and taking the gold back started to play dice after a long. At the beginning it went good, and when my profit reached $200 started to fail. Once I began to loss I was out of my control. Within minutes everything went out of my control, my mind didn't had the ability to think. I just doubled the bets consecutively. Ended with a loss. Now I was in a situation to repay my friend the borrowed amount. Please don't borrow and spend on gambling, it might give an earning, but that mostly leads to suffering. 
yes this is gambling, if from borrowing money to play it will have a greater burden to win, emotions can not be controlled and finally as like digging your own grave.
Borrowing money to gamble is the biggest and most dangerous mistake according to me because you would always be under pressure to gave back money and till that time you would have a lot of stress and would do anything to get money which could even involve wrong doings.
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