I know a lot of post has been made in this gambling board and I don't know if such has been created, but what I want to say is a situation that happened to a close friend
My friend is a gambler, a serious one for that matter. Some days ago he asked me to borrow him money to gamble and I told him not to borrow money to gamble but gamble with what he can afford to lose but he refused. Instead he went ahead to borrow from another person to pay back with interest, gues what?
He loss the game and now he is owing Capital and interest together that will surely be paid now he keeps blaming me that If I had given the loan to him, that he would have just owe me the capital without interest.
>>>>Now the question remain that Is it good to take loan to gamble?
>>>>Or is there some game that worth risking to an extent of taken loan?
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You say your friend is a gambler, but he's actually an idiot. If someone wants to work hard for many years and then fritter it all away on gambling, that is their prerogative. Most people who have worked hard for many hours a week will know that money is not something to be wasted and they keep their entertainment urges contained to a reasonable percentage of their income. However when you start borrowing money to gamble, you are in the grip of desperation and you are making it much harder to sit yourself out of this predicament. If you've already earned the money and decide to throw it away, that is one thing - but if you are throwing away money you've not even earned yet, then you're setting yourself up for unnecessary pain.
You say your friend is a gambler, but he's actually an idiot. If someone wants to work hard for many years and then fritter it all away on gambling, that is their prerogative. Most people who have worked hard for many hours a week will know that money is not something to be wasted and they keep their entertainment urges contained to a reasonable percentage of their income. However when you start borrowing money to gamble, you are in the grip of desperation and you are making it much harder to sit yourself out of this predicament. If you've already earned the money and decide to throw it away, that is one thing - but if you are throwing away money you've not even earned yet, then you're setting yourself up for much greater pain.