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Author Topic: Don't Borrow Money To Gambling.  (Read 4397 times)

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Re: Don't Borrow Money To Gambling.
« Reply #120 on: March 09, 2024, 11:50:05 PM »
First of all that guy need a therapist  and he has to stay away from any betting shops or betting sites, avoid friends who are gambler's , if he can keep to what I just said changes can start from there.
By following these steps, a gambler can definitely quit gambling addiction, but it is easier said than done, which makes it very difficult for the gambler to quit gambling. Nowadays e-gambling ads are seen everywhere and even a gambler cannot ignore them so even if he can follow all the steps, he cannot stay away from gambling.

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Re: Don't Borrow Money To Gambling.
« Reply #120 on: March 09, 2024, 11:50:05 PM »

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Re: Don't Borrow Money To Gambling.
« Reply #121 on: March 10, 2024, 05:31:16 PM »
A Gambling addicted friend of mine borrowed $80 from Point of Sale (POS) girl and used it to gamble thinking that he would win and pay back the money with interest but ironically the money lost for the gambling and when it is time to pay back the money, there was no money to pay back again and he ran to me to give him loan and he game me his mobile phone ( Tecno Spark 10) as collateral, and took the phone and gave the money. And early in the morning, the following day, he come again that he wants to sell his solar system so he can used the money to settle some debt. And I bought it from him as a cheaper price. And I was not comfortable with it so I called him to come in the evening and asked why he sold the solar and he told me that he sold it to pay some gambling debt. And I gave him some advice. And we depart.
What do you think this guy should do to stop this habit because I have tried my best to stop him but no way. You input is needed.
Gambling addiction is a very serious addiction that can destroy the life of a person once it gets hold of it. Your friend is addicted to gambling which is why he participates by borrowing money. Not being able to pay that day will pay someone else by pledging his mobile to you is such a thought that only gambling addicts can think of because their main goal is to take up gambling.  People with such experiences I have seen many people in my area who mortgage their house land deeds to others for gambling. As long as he continues to pay, the owner of the land is another. In this way, by giving money gambling opportunities to all those people and to save your friend from gambling addiction, you have to be friendly with him. If you can keep him entertained all the time by befriending him, your friend will come out of gambling addiction.
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Re: Don't Borrow Money To Gambling.
« Reply #122 on: March 10, 2024, 08:53:41 PM »
First of all that guy need a therapist  and he has to stay away from any betting shops or betting sites, avoid friends who are gambler's , if he can keep to what I just said changes can start from there.
By following these steps, a gambler can definitely quit gambling addiction, but it is easier said than done, which makes it very difficult for the gambler to quit gambling. Nowadays e-gambling ads are seen everywhere and even a gambler cannot ignore them so even if he can follow all the steps, he cannot stay away from gambling.
You just spoke my mind. Many people can give remedy to solution but those remedies are not working for the physical person who is addicted seriously in gambling. As you said those steps are good to eradicate gambling addiction but how many gamblers have been finally stopped it by those steps. It is easier to tell but what if the action and that is where the problem always lie. If those methods were working by now gambling addiction is not like before again. To leave gambling is from the mindset of the gambler. We can only advise them and allow them to decide.

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Re: Don't Borrow Money To Gambling.
« Reply #123 on: March 10, 2024, 11:32:37 PM »
First of all that guy need a therapist  and he has to stay away from any betting shops or betting sites, avoid friends who are gambler's , if he can keep to what I just said changes can start from there.
By following these steps, a gambler can definitely quit gambling addiction, but it is easier said than done, which makes it very difficult for the gambler to quit gambling. Nowadays e-gambling ads are seen everywhere and even a gambler cannot ignore them so even if he can follow all the steps, he cannot stay away from gambling.
You just spoke my mind. Many people can give remedy to solution but those remedies are not working for the physical person who is addicted seriously in gambling. As you said those steps are good to eradicate gambling addiction but how many gamblers have been finally stopped it by those steps. It is easier to tell but what if the action and that is where the problem always lie. If those methods were working by now gambling addiction is not like before again. To leave gambling is from the mindset of the gambler. We can only advise them and allow them to decide.

Following those steps can be challenging and that is why I have always advocated that the first step is for the addict to accept that he is addicted and wants to stop gambling addiction. When a gambler has made such a confession, then it can be relatively easier to follow the steps.
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Re: Don't Borrow Money To Gambling.
« Reply #124 on: March 11, 2024, 08:35:34 AM »
One of the dumb things to do is to borrow to gamble. With your funds you couldn't win is it when you borrow that you will win? A gambler shouldn't see how juicy and tempting a game appears and then resort to borrowing. You will still not win but then you will end up accumulating debts for something you didn't use for a productive venture. Always control your gambling urge. Don't let gambling control you.
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Re: Don't Borrow Money To Gambling.
« Reply #125 on: March 11, 2024, 11:17:16 AM »

Following those steps can be challenging and that is why I have always advocated that the first step is for the addict to accept that he is addicted and wants to stop gambling addiction. When a gambler has made such a confession, then it can be relatively easier to follow the steps.

it's not easy to make gamblers aware, friends. My friend, even though all his assets have been used up, still doesn't realize that he is now homeless. Because his business was sold out. Before investing, we should have the courage to lose the money we invest, of course it must be cold money, not from loans.
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Re: Don't Borrow Money To Gambling.
« Reply #126 on: March 15, 2024, 04:39:12 PM »
Its funny how people think that gambling is like investment.
Many people today take unnecessary loans and credits to play gamble and at the end of the day, they loose their money and it resolves to them selling their properties to pay back the money or taking more loans to meet up which will require more loan interest.
Gambling is based on luck and I think one should not gamble unnecessarily. Even when you have the money,  I will advice you to gamble the money you can afford to loose for that particular time and also money that will not shake you financially at that point.
Gamble wisely fam...

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Re: Don't Borrow Money To Gambling.
« Reply #126 on: March 15, 2024, 04:39:12 PM »


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Re: Don't Borrow Money To Gambling.
« Reply #127 on: March 15, 2024, 08:37:18 PM »
Its funny how people think that gambling is like investment.
Many people today take unnecessary loans and credits to play gamble and at the end of the day, they loose their money and it resolves to them selling their properties to pay back the money or taking more loans to meet up which will require more loan interest.
Gambling is based on luck and I think one should not gamble unnecessarily. Even when you have the money,  I will advice you to gamble the money you can afford to loose for that particular time and also money that will not shake you financially at that point.
Gamble wisely fam...
Its bad ideas when thinking gambling is like investment, which one side gambling have been familiar with investment way? gambling large risk and they are less percentage for winning, I don't know how come some people mindset with gambling is like investment. Indeed how smart research with gambling can't guarantee with the winning but difference with investing we can earn much profitable exactly with good research.
Keep away gambling is like investment and not good ideas when borrowing money to gambling without promising to earn much profitable.

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Re: Don't Borrow Money To Gambling.
« Reply #128 on: March 15, 2024, 11:47:32 PM »
Its funny how people think that gambling is like investment.
Many people today take unnecessary loans and credits to play gamble and at the end of the day, they loose their money and it resolves to them selling their properties to pay back the money or taking more loans to meet up which will require more loan interest.
Gambling is based on luck and I think one should not gamble unnecessarily. Even when you have the money,  I will advice you to gamble the money you can afford to loose for that particular time and also money that will not shake you financially at that point.
Gamble wisely fam...
Its bad ideas when thinking gambling is like investment, which one side gambling have been familiar with investment way? gambling large risk and they are less percentage for winning, I don't know how come some people mindset with gambling is like investment. Indeed how smart research with gambling can't guarantee with the winning but difference with investing we can earn much profitable exactly with good research.
Keep away gambling is like investment and not good ideas when borrowing money to gambling without promising to earn much profitable.
Maybe the reason why some other people have this kind of idea where they think that gambling is like an investment is because they think that investment is the same as gambling.

It's more like they also try investment and think that if they are lucky, they get the profit just like in gambling. They don't bother doing any other research when they invest, and they happen to put their money hoping to at least make a profit.

That's why they think gambling is the same way. They don't see any difference as they invest like they are gambling which is an incorrect mindset and both investment and gambling should not be compared. They are both different and should be treated differently.

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Re: Don't Borrow Money To Gambling.
« Reply #129 on: March 16, 2024, 12:31:50 AM »
First of all that guy need a therapist  and he has to stay away from any betting shops or betting sites, avoid friends who are gambler's , if he can keep to what I just said changes can start from there.
By following these steps, a gambler can definitely quit gambling addiction, but it is easier said than done, which makes it very difficult for the gambler to quit gambling. Nowadays e-gambling ads are seen everywhere and even a gambler cannot ignore them so even if he can follow all the steps, he cannot stay away from gambling.
You just spoke my mind. Many people can give remedy to solution but those remedies are not working for the physical person who is addicted seriously in gambling. As you said those steps are good to eradicate gambling addiction but how many gamblers have been finally stopped it by those steps. It is easier to tell but what if the action and that is where the problem always lie. If those methods were working by now gambling addiction is not like before again. To leave gambling is from the mindset of the gambler. We can only advise them and allow them to decide.
You both are right on this.Even the person who is giving out solutions to problems on gambling still comes back to gamble.And there is one thing I've discovered about gambling,that as long as you have placed your money on gambling before,and you  lose it,,your mind will always be running back to it,stating the need you have currently,that it may  be a solution to the pressure  you have which is so pressing.That is why most people find it so difficult to stop nomatter how they try.
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Re: Don't Borrow Money To Gambling.
« Reply #130 on: March 16, 2024, 05:32:55 AM »
To be honest this is quite funny, at first you borrowing that money how certain or what are the odds of you winning with that money you borrowed, because you thinking of borrowing money to gamble shows that you don't have any money with you left to gamble, might be due to various losses doing your gambling section.

You know that is two different thing losing your money and losing someone else's. And this is truly against the rules of gambling with money you can afford to lose , and this time you ain't planning to only lose money you can't risk but also someone else's money. Because you losing your money you can easily move on and continue with your life. But when is money you borrowed that could be another case, and you may endup putting yourself in debts. Adding another issue to the previous one.

That why you have to gamble with only funds you can afford to lose,  and in any way you endup losing it and you see you don't have enough money to continue you put some break first till you have enough funds to continue than going on borrowing money to gamble.

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Re: Don't Borrow Money To Gambling.
« Reply #131 on: March 16, 2024, 06:41:46 AM »
To be honest this is quite funny, at first you borrowing that money how certain or what are the odds of you winning with that money you borrowed, because you thinking of borrowing money to gamble shows that you don't have any money with you left to gamble, might be due to various losses doing your gambling section.

You know that is two different thing losing your money and losing someone else's. And this is truly against the rules of gambling with money you can afford to lose , and this time you ain't planning to only lose money you can't risk but also someone else's money. Because you losing your money you can easily move on and continue with your life. But when is money you borrowed that could be another case, and you may endup putting yourself in debts. Adding another issue to the previous one.

That why you have to gamble with only funds you can afford to lose,  and in any way you endup losing it and you see you don't have enough money to continue you put some break first till you have enough funds to continue than going on borrowing money to gamble.

I agree with you. If you cannot win with your money then it becomes irrational to borrow to gamble hoping to win. Gambling never changes to be a game of chance and so even when you borrow to gamble you are taking an unbearable risk. When you borrow to gamble you lose twice than necessary. The reason is simple, you have to pay back the borrowed money with interest and at a specified time and failure to do this means that you risk losing something of value because most borrowings involve collateral. Gambling with borrowed money increases the financial risk you’re taking on. If you lose the money, you’ll still owe the lender, which could expose you to financial stress.

This is in contrast to gambling with your own money, where the most you stand to lose is the money you’ve set aside for gambling especially when you follow the principle of setting and sticking to a limit. Gambling with money you are not prepared to lose is never a good idea as you have noted, and borrowing to gamble is against this principle because no gambler can afford to lose money that was borrowed. When you understand that being unable to pay back the money you’ve borrowed, could lead to a state of distress then it becomes important for a gambler not to borrow to gamble.
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Re: Don't Borrow Money To Gambling.
« Reply #132 on: March 16, 2024, 07:01:25 AM »
Its bad ideas when thinking gambling is like investment, which one side gambling have been familiar with investment way? gambling large risk and they are less percentage for winning, I don't know how come some people mindset with gambling is like investment. Indeed how smart research with gambling can't guarantee with the winning but difference with investing we can earn much profitable exactly with good research.
Keep away gambling is like investment and not good ideas when borrowing money to gambling without promising to earn much profitable.
I saw the statement that gambling as an investment place made me laugh. As you have explained, no gambling place provides a guarantee of always making a profit and many gambling places actually provide very small winning percentage scripts even though they have given several bonuses to their loyal users. I think of gambling more as a place to have fun, so that when I enter a gambling place I already understand the risks that can occur at any time with the capital I use in the gambling place.
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Re: Don't Borrow Money To Gambling.
« Reply #133 on: September 23, 2024, 02:33:51 PM »
A neighbor of mine had to sell his only residence after taking part in gambling. Although he was addicted to gambling as well as drugs. His family always had quarrels and fights, sometimes torturing his wife to manage gabling money. Although his wife had managed the gambling money several times, the gambler repeatedly pressured him to manage the gambling money. The only reason for this was that he became bankrupt by taking excessive loans due to his involvement in gambling. That's why the gambler repeatedly tortures his wife. When will the curse of gambling be eliminated from society?

A lot of gamblers at some point get addicted to drugs as a coping mechanism to the depressive feelings that gambling comes with. To answer your question, gambling can only be a curse or vice to those that allow the negative effects to take over. There are people that gamble but are not borrowing loans or doing desperate things to fuel their gambling addiction, it's all a matter of choice, you can choose to let the negativities take over your mind or decide to exercise self control. Taking loans to gamble is a line that no one should ever cross because it's going to put you in a precarious situation, a lot of people have committed suicide due to this

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Re: Don't Borrow Money To Gambling.
« Reply #134 on: September 23, 2024, 03:02:11 PM »
You should not borrow money to gamble. borrowing money to gamble is very risky and can cause debt sometimes this will lead to high debt and will be hard to pay because you keep borrowing money to win double but you lose it will be now harder to pay the debt and this will lead to financial consequences and can lead to mental health problems.

 

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