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.
Which is why you should only borrow money in the case of an emergency, due to the economic system that is currently in place people have accepted to be indebted as a natural state and that is completely false, in the past people lived their entire lives without being indebted to any institution and only had small debts among their friends, but now you can ask a credit for anything and that is simply not right and this thread is a perfect example of that.