Getting A £25,000 Loan To Gamble On Football?

jools22 | 00:37 Sun 11th Dec 2016 | Society & Culture

79 Answers

I know enough about football to know that upsets do happen and nothing is certain.. but also enough to know that with patience I can find a sure cert.

Now when that match occurs what is there to stop me getting a £25,000 bank loan (in my name, not my Mrs') put bet on, it returns lets say £37,500. Pay loan off and thats £12,500 profit [enough to buy new car, take kids abroad]. Then obviously stop gambling. All sounds good yeah, why dont people do this?

Obviously now I have to think if that £25,000 bet loses... what can they do to me as I cant afford and have no intention to pay back loan... do I try go bankrupt? I live in a council house, dont have a car but wife does etc etc. If I moved out for a while, so they cant touch wifes and kids possesions?

If there are laws about gambling and bankruptcy could I not get round this by saying I took the loan out, mrs came home *** and whacked £25,000 on Man City to win. They couldnt put us both in prison, could they :S Would love to know more about this.

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Mamyalynne

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13:52 Fri 16th Dec 2016

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jools22

Question Author

Thanks tinker, if she kicks me out i'll try it on with you x

I asked on here cos I wanted to know what would happen to me apart from not being able to take out a new phone contract :)

tinkerbell23

Getting credit in future .... more than a phone though- cars or things for the kids!?

Im not sure if obtaining the loan to gamble it with no intention of paying it back could be proved as fraud or not...... something to think about xx

jno

he does intend to pay it back, tinks - if he wins. It's possible he may not have the money to do so when the time comes, but that happens to many people. However, if he's misled the lender about what the money was for, I do see the possibility of some sort of fraud charge. Or possibly they'll send The Mob round and they'll threaten to shoot his hamster if he doesn't pay up.

cassa333

If it was so simple there would be vastly more rich gamblers and lots of poor bookies.

But there are very few rich gamblers. The clue is in the name. But there are plenty of rich bookies.

If you can't see how stupid this is then please when it all goes tits up, shield your family from the very poor example you are setting.

tinkerbell23

Why bother paying it back you could argue then? If you are going to bankrupt yourself , or take the risk & are happy to be bankrupt wouldnt it be even better to get the biggest loan possible!!

Just food for thought. Its a terrible idea. Be happy with what you have x

jools22

Question Author

25k is the biggest loan I can get, I'd bother paying it back to get out of debt because I could and keep away from bankruptcy, you have to remember im not going to rush into a bet that I know nothing about and I mentioned the word 'bankrupt' not that I was happy to do it just as a worse case scenario, or is there worse?

tinkerbell23

Not sure. My thoughts on worse are what your wife may think? Is your kids future secure? Would you stop at doing this as a one off? It may be fraud I really dont know. Just thinking out loud... x

weecalf

Used to be before the banks had made up their mind it would have been nearly half time in the match .Now think they might need a little more information .

NoMercy

This is either a huge wind-up or the OP is an out and out crook.

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1ozzy

A fool and their money is easily parted.
If they borrow money to be parted with.
More fool them.

You have to be kidding? Yes?

Bookies rarely loose, how do you think they stay in business?