LENDING $$$$$ ON RACECOURSES + TABS+ CASINOS etc etc

Have you ever lent $$$ on a racecourse or elsewhere ?
I have and too often never got my $$$$ back
I have refused lending $$$$ out now for about 15 years to any person for any purpose
I reckon Ive been stitched about $5k lending $$$ to Gamblers over the years
The racecourses are the places where Ive been stitched up mostly
I have numerous stories
Here is the first
I was betting nod [credit betting ] with a dog bookie
My limit was once I got to $200 in debit I could not bet until it was paid
I had a weekly account with the bookie
A punter that I knew well at the dogs was skint
He asked me to lend him $$$ to havabet
I said I aint got cash, but he knew I had a nod account and insisted I place bets for him there.
I explained that I have a credit limit of $200 and could not bet over that limit
He had a $100 that lost
He had another $100 that lost
He wanted $200 on the 1/1 money favourite in the next race
I said no, as the $200 limit applied
He asked a couple of times to place the bet, I said I was not able too
THE DOG WON
At the meeting the following week,I asked him for the $200 to settle with the bookie
His reply was
" No Im not paying."
" WHY NOT ?"
" Becoz as far as Im concerned I backed that winner for $200 and your not getting paid."
RESULT
I acted in good faith, I ended up being $200 worse off
MALMAXIM
Never lend money to Gamblers , its one of the worst investments you can make, you can only break even at best.
I have and too often never got my $$$$ back
I have refused lending $$$$ out now for about 15 years to any person for any purpose
I reckon Ive been stitched about $5k lending $$$ to Gamblers over the years
The racecourses are the places where Ive been stitched up mostly
I have numerous stories
Here is the first
I was betting nod [credit betting ] with a dog bookie
My limit was once I got to $200 in debit I could not bet until it was paid
I had a weekly account with the bookie
A punter that I knew well at the dogs was skint
He asked me to lend him $$$ to havabet
I said I aint got cash, but he knew I had a nod account and insisted I place bets for him there.
I explained that I have a credit limit of $200 and could not bet over that limit
He had a $100 that lost
He had another $100 that lost
He wanted $200 on the 1/1 money favourite in the next race
I said no, as the $200 limit applied
He asked a couple of times to place the bet, I said I was not able too
THE DOG WON
At the meeting the following week,I asked him for the $200 to settle with the bookie
His reply was
" No Im not paying."
" WHY NOT ?"
" Becoz as far as Im concerned I backed that winner for $200 and your not getting paid."
RESULT
I acted in good faith, I ended up being $200 worse off
MALMAXIM
Never lend money to Gamblers , its one of the worst investments you can make, you can only break even at best.