Let alone gambling, sometimes we have many perspectives on loans, such as when we borrow for investment or to support our lifestyle, and even that will have pros and cons.
Especially when it comes to gambling, which we clearly know is merely a game of chance. When we’re lucky, we may achieve good results in gambling, but when luck isn’t on our side, we’ll end up making things much worse because we’ll inevitably suffer losses from it.
Therefore, it is clear that forcing one's will in this matter is not advisable, although it may depend on individual choices when borrowing money for gambling. However, as advice, it would be better to avoid such actions because the results will not be effective if forced.
Selling valuables to gamble is highly bad idea - so is taking out a loan to gamble. The risk of loss is bigger than the potential gain - loans often default and default. This isn't just about what happens online - at the real-world gambling table, selling personal belongings like watches, phones, or other items is a bad idea if you want to survive. Losing is completely unavoidable in gambling - so it's unwise to force yourself to gamble when you have no money.
But because of this topic, I was wondering - have you ever done it before?
Of course not. I don't want to risk something that is highly risky for something that is not very certain, so I don't want to take the risk of borrowing or selling anything just to gamble because that is something I cannot afford.
I enjoy gambling, but that doesn’t mean I’ll do anything for it. When I have nothing left to bet, I’ll stop because it’s not good to force things. So, in this case, I always adjust my budget and set aside at least 1-2 percent of my income for gambling each week. However, when totaled for each month, I don’t exceed 5 percent because that’s the limit I’ve set for myself.
Once that’s gone, I won’t force myself to gamble again so that things stay on track as I’ve planned.
However, despite that, the fact is that there are still many people who do that—they boldly borrow money for gambling, which is the most aggressive scheme for me.
That’s actually a very reasonable mindset because setting clear limits like that keeps gambling under control and prevents it from interfering with your daily life, borrowing money just to gamble is really one of the worst things someone can do since it doubles the risk, not only can they lose the borrowed money but they also create debts that might be impossible to recover from.
What I find interesting is that many gamblers know the risks but still convince themselves that borrowing is just a “temporary push” that will get paid back once they win, but most times it doesn’t happen that way and instead it creates even more pressure and stress because now they feel forced to win, and when the losses pile up they go deeper and deeper into debt, at that point gambling no longer becomes entertainment but a desperate struggle to break even which is very dangerous.
Your approach of only using a small part of income and never going beyond the set limit is sustainable and realistic, it allows you to enjoy gambling as a hobby without the risk of destroying your finances, if more gamblers applied that kind of system then fewer people would fall into serious financial troubles, discipline in budgeting is just as important as discipline in the actual act of gambling itself, and in the end that is what separates responsible gamblers from those who lose control and allow gambling to take over their lives.