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?
From the general public's perspective, gambling is often considered a negative activity and not good if done excessively. Furthermore, taking out loans solely to gamble is clearly very risky. Even professional gamblers can't always win, as gambling doesn't guarantee a return on invested capital or the possibility of winning many times over.
Am still trying to understand how someone we boldly collect a loan maybe from the bank or from a friend then now use it for the purpose of gambling, like, does it really make sense to you? It totally sounds crazy and very unreasonable to me because their is no guarantee in gambling, every success in it is based on how lucky you are for that day, what if it doesn't happen as expected, what will happen next?
So my friend or to whom it might concern don't even think about such, because it is extremely dangerous and can ruin your life in a tinkle of an eye.