Quick money, addiction, life events and greed are the things that would make him do so. It is not the first time i have heard of people going out to gamble without any money believing that they would win their first bet and have money to pay for the stake and still gamble more. This is the highest risk in gambling apart from picking odds. I consider it foolish because it is what has been generating income for him and his family. So i dont know why a gambler would prefer to stake what generates money for him on a daily basis on gambling. Imagine if he had left the bike there and left, the returning to take his bike and they deny him or steal it.

When i read this story completely i went back to the internet to check the price of getting a new bike now and to tell you that he price have increase 30% up from the previous price in just interval of months. I dont know where he thinks he will get money from if he eventually loses his bike, why cant he get the money there and pay off the damn betting loan.