Just in, he is on medical attention after he slumped as a result of loosing a borrowed fund meant for a business re-startup after the gamble made him squandered his previous business.
At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
I really don't understand how anybody can use borrowed money for gambling. As soon as you place a bet with borrowed money you are at risk to lose your money twice. You not only have to repay the loan you took out but also lost all your gambling funds. Especially when you look at gambling at a source of income that we shouldn't be using any money that isn't our own. The whole concept of making money is through gambling is way too risky got me. I feel like I would never be able to make a consistent form of income through gambling. Also the amount of money needed for low risk returns in gambling is really high, which is why casinos have maximum bet limits. Without it all people would follow martingale strategies.
Well, it will never be advised to anyone in this industry. In some instances, borrowing in form of loan for an investment is a good idea as long as that investment could pay the interest of what you borrowed. Unfortunately, I never viewed gambling as an investment. I get the idea in particular with profit expectancy but things are just not the same. With gambling, it is either you win big or lose big. Much better to just bed with higher odds in order to have bigger rewards but the point here is whether gambling could be a good source of income. Any amount could be turned into an investment however, once things are done then it's done.Gambling could be a good source of income nut that is only if you are lucky with the career itself.