Anyone here have tried this? What can you recommend?
Never borrow money and use it for gambling no matter how you trust your gambling skill. Gambling is treacherous, when you think that you are super lucky and unbeatable, it will crush you into pieces emptying your bankroll.
I have seen lots of friends become enemies because of unpaid debt. I am not saying you cannot pay it but it is best not to exploit a friend's generosity and use it for gambling.
I do agree, it will only become a big problem if that money will be lost during gambling. Aside from that, it will be hard to pay a debt that was used to gamble,
That's right, there are so many histories of people losing their friend because of the same reason. It is better not to try this out to avoid unnecessary things to happen.
That would be very irresponsible if we will not pay our loan because we lose in gambling.
If the lender are well aware of the purpose and he still lend out money, that means he trust a person and he believes that person would be able to pay.
There was actually a saying that better not borrow to a friend or a family member to avoid relationship problem but this is only applicable to people who take advantage on the situation, and if we borrow, we don't have to pay right away, we can request to amortize it over a period of time so it will not be burdensome for us.