Post
Topic
Board Gambling discussion
Re: Gambling experience using loan money
by
mirakal
on 21/08/2023, 12:54:24 UTC
You should not gamble if you feel stressful whenever you gamble even if you are using own money. Gambling should be use for fun and you should stop if are already stressful in the game since it only means that you can’t handle risk. You don’t get the real purpose of gambling.

I understand about the pressure on playing using loan money but not all user here feel the same way because some user just need quick funds in crypto while waiting for their salary.
Why will a gambler utilized loan money for gambling in the first place, it absolutely makes no sense. Loans are taken for budgeting purposes, not gambling, and they have implications that we might never exist after encountering. Gambling with a solid mental balance will undoubtedly lead to gambling with an estimated amount of money, rather than the other way around. When it comes to gambling, we feel more pressure to do what we think is right, but we often forget that the chances of succeeding are 50/50. It's as simple as that: our results either result in profits or loses.
A gambler uses loan money for gambling because they are addicted to gambling and they also think that they can win something significant if they take a big risk without thinking about the negative aspect where one might lose everything instead of winning something good. I have such people living around me, they don't have any jobs, and their families are suffering from poverty, meanwhile, they take loans from here and there and gamble with it.

When they are asked why they do this, they reply that they thought they will get something significant if they take a bigger risk and gamble with higher bets, but what happens is what is always expected, losing everything to the house and then thinking about how to repay the loan since it has been lost.

They have thought it wrong because that kind of move is definitely not called as taking a big risk in the hopes to get big profits; that's not how it used to be. You should only use excess funds in doing this kind of stunt because that way, you'll be safer as nothing will bounce back to you if eventually you will be lost and surely, it wouldn't be a big deal because in the first place, it's an extra money where you can afford to lose. Borrowing money is just a shortcut to more debts.