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

[jools22]

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.

[New Judge]

Also high on your list of "racing certainties" would have been Leeds to beat Sunderland in the 1973 FA Cup Final. These "dead certs" are incredibly easy to find and, as I said previously, I really fail to grasp why loads of people have not recognised this superb money-making opportunity.

[Mamyalynne]

Jools is too busy to reply - he's on his yacht off the Bahamas.

[Bazile]

^^^^^
on the run ?

[andy-hughes]

jools - There is no such thing as a 'sure cert', they don't exist.

All you can do is shorten the odds are far as possible based on factors you can plan in advance.

But there is always an element of chance involved - always.

If you have the nerve to risk it, and your plan comes off, then fine, but think about this - if it was as easy as you want to think, why are not thousands of people doing it every day?

If something sounds too good to be true ....

[Quizmonster]

Jools clearly failed to grasp the significance of the three B's impinging on his scheme...
1. Banks and how they handle loans
2. Betting odds and, finally, who sets these...
3. Bookies!

[jools22]

well its happening.. £25,000 loan in bank account now
£23,000 on Portsmouth to win Hartlepool tomorrow that pays back £33,222

sorted in short term by moving out to mates house if things dont go to plan.

[Mamyalynne]

Sorted!

[bednobs]

"if it's all true" PMSL

[Mamyalynne]

Splutter!

[grasscarp]

I just can't believe how stupid jools22 is - if for real. Hope it is unreal but fear it could be.

[grasscarp]

Oh dear. Same research done elsewhere by jools2. Similar advice not to do it. :0(

[Quizmonster]

So, Jools, all you need concern yourself with now is the need - over many years, no doubt - to repay the £25,000!

[Tilly2]

Oh, dear.

[AidanTheKnight]

Very risky to say the least!!

[AidanTheKnight]

I wouldn't risk that amount personally... match betting can be profitable but it seems next level to take out a loan to gamble that much.

[andy-hughes]

jools22 - Do you know who Peter Coates is? He is the major shareholder in my local Premier League team Stoke City. He gives millions to the club every year, and he lives in a massive house and drives a large car.

Guess what he does for a living ... he's a bookmaker!!!

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