1. #1
    jjgold
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    Serious Question...Anyone In Debt Because Of Gambling?

    I use to be worse

    Right now only $700 , I owe a local bookie than busting out cc cards

    No pressure to pay though, he took $80 today

  2. #2
    KVB
    It's not what they bring...
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    In business debt isn't necessarily bad as a lot of it has to do with the cost of money balanced with your own liquidity.

    Microsoft had 100's of millions in cash and still carried debt.

    Went on a losing streak a few years ago and decided to borrow against the kids's stock and college positions and put all that money right back into the sports markets. Made my wife a bit nervous there, lol.

    Not only did I pay the money back, but I added to the positions significantly.

    Don't be afraid of debt, just use efficiently.

    Again, the usefuleness of debt is proportional to your liquidity and inversely proportional to the cost of the money.

  3. #3
    SlickFazzer
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    JJ do you still have a 2 dime settle figure with this guy?

  4. #4
    pologq
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    Bookie charging you points on the $700?

    i have been in credit card debt due to gambling. not proud of it. that was about 10 years ago or so. bad time. i had to declare bankruptcy because it was just too much with the interest and late fees to catch up. came back very strong and continuing that way.

  5. #5
    Pete0
    --------------------
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    almost 10 grand total lost in CC and saved $...

  6. #6
    cincinnatikid513
    sante' du repos
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    nope

    only gamble what you can afford

  7. #7
    SamsNCharge99
    5x POTM. 2x Video maker of the year
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    Tons of debt.

  8. #8
    Cougar Bait
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    Nah I'm good

    There was a time though, for sure

  9. #9
    GunShard
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    Never loan or borrow money from family or friends because this is a habit of a true gambling addict that needs help. Bet on what you can afford to lose.

  10. #10
    Nate rasta
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    Debt yes.but messing up my credit score no

  11. #11
    ThaWoj
    hope i dont wake up tomorrow
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    I've lost everything and I have nothing. 40 years old and in thousands and thousands of dollars of debt and the worst credit. Back against the wall with no hope.
    Points Awarded:

    pologq gave ThaWoj 10 Betpoint(s) for this post.


  12. #12
    lonegambler23
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    Quote Originally Posted by cincinnatikid513 View Post
    nope

    only gamble what you can afford
    coming from u lol

  13. #13
    flyingillini
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    Debt is what makes the world work, God Bless

  14. #14
    bhoor
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    US has $12T debt, thanks to zionist's money printing machine - Federal reserve - that made all the JEWs billionaires/trillionairs while keeping regular American in debt.

  15. #15
    Jowframs
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    No issues here

  16. #16
    Nate rasta
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    I never got in debt until I started playing with the local credit books recently. Before that it was always deposits on offshore websites.local books are all bad,recipe for disaster. Too easy to bet money that you don't have

  17. #17
    pologq
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    Quote Originally Posted by Nate rasta View Post
    I never got in debt until I started playing with the local credit books recently. Before that it was always deposits on offshore websites.local books are all bad,recipe for disaster. Too easy to bet money that you don't have
    yes. it is why i refrained from betting on credit always with "the guys". i don't need that trouble.

  18. #18
    jjgold
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    Quote Originally Posted by ThaWoj View Post
    I've lost everything and I have nothing. 40 years old and in thousands and thousands of dollars of debt and the worst credit. Back against the wall with no hope.
    claim bankruptcy problem solved

    I did it twice keeps me in game

  19. #19
    19th Hole
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    Quote Originally Posted by jjgold View Post
    claim bankruptcy problem solved

    I did it twice keeps me in game
    ~~~

    JJ To The Rescue!!

  20. #20
    pologq
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    Quote Originally Posted by jjgold View Post
    claim bankruptcy problem solved

    I did it twice keeps me in game
    i admit it helped me immensely. worst part was the first year after. then i started getting card offers and establishing new credit.

  21. #21
    JIBBBY
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    Debt kills.. I feel sorry for you bastards that carry debt even if it isn't from gambling!

  22. #22
    pologq
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    Quote Originally Posted by JIBBBY View Post
    Debt kills.. I feel sorry for you bastards that carry debt even if it isn't from gambling!
    it def does kill. the stress is awful.

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