THAT WAS THE WORSE ADVICE YOU COULD HAVE GIVEN TO HIM YOU BLITHERING MORON!! IT’S BECAUSE BILBO SPARED SMEAGLE THAT THE RING WAS FOUND BY SAURON!!
It is because Bilbo spared Gollum that Sauron first heard of the Shire and sent forth the Nazgul to reclaim his ring. It is because Bilbo spared Smeagol that the One ring was destroyed.