recently I've come across some information for an upcoming soccer match and I'd like to place a big bet of 50-100k, how easy would it be for me to take out a loan and how long would it take? has anyone else done something like this?
I will tell you that you are not the only one in this ship. It is possible that people who are willing to take out a loan to bet on a game view it more of like an investment rather than "gambling". It is a good thing you have asked this question, it shows you are smart and willing to do thorough a research before making the move. If you decide to go through with your decision, kindly avoid loan sharks. They'll loan you the money without any collateral but will go to any length to get it back if you default.
A very high risk, I won't risk any of my properties on this. When you ask for a loan, of course, there is high collateral and the value of that collateral considering a low value to the lender. I don't know how sure I am with my prediction in sports betting, probably a chance to take that risk will probably be a small percentage when I am sure that who is the winner of the betting match but if not, I won't take that high risk.
It will become a double edge sword once you lose in gambling.
Yess, depending on the value of loan will be the requirement of collateral to be submitted. What OP have requested and has planned is a big number and this requires a much valuable collateral. This bet can be made out of loan if the user have got the backing to clear the loan even if the bet didn't win.