Economic Costs of Gambling - page 6.

BTCLiz

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Quote from: 2double0 on July 05, 2021, 05:31:13 PM

Quote from: BTCLiz on July 05, 2021, 01:10:44 AM

Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

What exactly do you mean by "to let addicted gamblers come back under the category of normal gamblers"? Do you want addicted players to come back to the tables? In my opinion this would be a very bad idea, because this would make these poor people worse off if they are able to gamble again.

You misunderstood my point. I meant that the gamblers should be stopped from playing a lot and let them be capped at some point so they will not lose what they can if they continue to gamble. So if this cap is imposed and they have lost that much, they will not be allowed to gamble for some time which may move the addiction of gambling out of them.

Okay, sorry for misundestaning. I totally agree with you. The issue here is that there are many substitution goods for gamblers in general. So the cap for a slots gambler should also be applied to roulette. Of course this will increase the black market, but in generalI really like the idea.

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Quote from: BTCLiz on July 05, 2021, 01:10:44 AM

Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

What exactly do you mean by "to let addicted gamblers come back under the category of normal gamblers"? Do you want addicted players to come back to the tables? In my opinion this would be a very bad idea, because this would make these poor people worse off if they are able to gamble again.

You misunderstood my point. I meant that the gamblers should be stopped from playing a lot and let them be capped at some point so they will not lose what they can if they continue to gamble. So if this cap is imposed and they have lost that much, they will not be allowed to gamble for some time which may move the addiction of gambling out of them.

yazher

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Quote from: BTCLiz on July 05, 2021, 01:10:44 AM

Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

What exactly do you mean by "to let addicted gamblers come back under the category of normal gamblers"? Do you want addicted players to come back to the tables? In my opinion this would be a very bad idea, because this would make these poor people worse off if they are able to gamble again.

If they successfully cured themselves by moving on even though they've lost a huge amount of money, then they should be left untouched especially those who worked hard to get to the place they are right now. They are not just suffering from those addictions because I think most of them have some huge financial problems too. If they continue to play like there is no tomorrow then that would probably happen when they lose everything in a single night again.

Mauser

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Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

While taxes play a large part in government and they will do many things to try and raise the tax income of the country. We also need to think about the people that want to gamble, or the people that enjoy drinking and smoking. Just because something is harmful for us doesn't mean it should be banned. For example, every year during summer people are drowning swimming in lakes and rivers. Should therefore swimming be banned? Same goes for gambling, most people can gamble reasonably without getting addicted, or drinking only on weekends without becoming an alcoholic.

nikrobi

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Quote from: AicecreaME on July 05, 2021, 09:12:13 AM

The Government is not the one to blame for this, it's one of our nature as a human being, we like to play gambling and gamble, so instead of preventing us, the Government tax it instead of shutting it down to profit both parties. Government needs tax for the development of a certain country and citizens needs an adequate community to live in.

It's a win win situation, let's just admit that some people really likes to play gambling and some people doesn't really want it, but it's okay, we have our own hobbies.

The human nature always will be dealing with bad or good scenaries. The important is that it can and knows how to find the best way to solve these challenges.

Thanks God we've been doing a relatively development on this, but some rules are needed to not allow problems like this destroy one society. The impact must be calculated and, like "Minority Report", the film, has to be predicted!

Anyway, gambling can be balanced by the ones who are on the top, as authorities or entrepeneurs!

We can't face it as bad only!

Mistafreeze

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Quote from: Mauser on July 05, 2021, 02:53:33 AM

Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

While taxes play a large part in government and they will do many things to try and raise the tax income of the country. We also need to think about the people that want to gamble, or the people that enjoy drinking and smoking. Just because something is harmful for us doesn't mean it should be banned. For example, every year during summer people are drowning swimming in lakes and rivers. Should therefore swimming be banned? Same goes for gambling, most people can gamble reasonably without getting addicted, or drinking only on weekends without becoming an alcoholic.

Gambling addiction is left to those who can not discipline thierselves which is same in every activities whether bad or good. Addiction is quick to occur when someone enjoys doing something always. The government has a lot of ways in regulating addiction whether they spend more money on it or not through tax revenue. Individual and cooperate enterprises pays to the government.

AicecreaME

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Quote from: Fredomago on July 05, 2021, 03:10:50 AM

Quote from: Mauser on July 05, 2021, 02:53:33 AM

Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

While taxes play a large part in government and they will do many things to try and raise the tax income of the country. We also need to think about the people that want to gamble, or the people that enjoy drinking and smoking. Just because something is harmful for us doesn't mean it should be banned. For example, every year during summer people are drowning swimming in lakes and rivers. Should therefore swimming be banned? Same goes for gambling, most people can gamble reasonably without getting addicted, or drinking only on weekends without becoming an alcoholic.

We all have different perceptions to this matter, I get your point and it's also need to consider, there are people who can enjoy gambling without getting addicted and enjoy drinking without being labelled as addicted to alcohol.

People who knows how to limit themselves are those who are responsible enough to continue doing this kind of activities.

And on taxes, government both straight and corrupts are leaning to this side of market / industry knowing that it provides a good amount of collections, which we called sin taxes.

The Government is not the one to blame for this, it's one of our nature as a human being, we like to play gambling and gamble, so instead of preventing us, the Government tax it instead of shutting it down to profit both parties. Government needs tax for the development of a certain country and citizens needs an adequate community to live in.

It's a win win situation, let's just admit that some people really likes to play gambling and some people doesn't really want it, but it's okay, we have our own hobbies.

Fredomago

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Quote from: Mauser on July 05, 2021, 02:53:33 AM

Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

While taxes play a large part in government and they will do many things to try and raise the tax income of the country. We also need to think about the people that want to gamble, or the people that enjoy drinking and smoking. Just because something is harmful for us doesn't mean it should be banned. For example, every year during summer people are drowning swimming in lakes and rivers. Should therefore swimming be banned? Same goes for gambling, most people can gamble reasonably without getting addicted, or drinking only on weekends without becoming an alcoholic.

We all have different perceptions to this matter, I get your point and it's also need to consider, there are people who can enjoy gambling without getting addicted and enjoy drinking without being labelled as addicted to alcohol.

People who knows how to limit themselves are those who are responsible enough to continue doing this kind of activities.

And on taxes, government both straight and corrupts are leaning to this side of market / industry knowing that it provides a good amount of collections, which we called sin taxes.

BTCLiz

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Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

What exactly do you mean by "to let addicted gamblers come back under the category of normal gamblers"? Do you want addicted players to come back to the tables? In my opinion this would be a very bad idea, because this would make these poor people worse off if they are able to gamble again.

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Quote from: RokokGudangGaram on July 03, 2021, 12:53:53 PM

I agree with you. It might seem like a way to fill someone’s happy meter, but some people do things because it is their escape and distraction of some underlying emotions and problems. Maybe some people do gambling for this reason, or with a hope also to win that could perhaps aid in solving problems they carry in life.

If they are playing gambling because of distracting their attention from a problem, that will not be good as they can get into trouble from gambling, especially if they lose the money. We can not imagine what he will become if he loses the money while when he finishes playing gambling, he still has the other problem. He will feel that it is too bad for his day. So maybe he needs to solve his problem first before playing gambling.

sunsilk

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Quote from: 2double0 on July 04, 2021, 03:27:47 PM

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

True, taxes.

The government can impose not just 2x or 3x or 4x in taxes that they get from the usual business or company but they can impose as much as they can.

And the casinos won't have that much anything to say as long as they're continuous in operation, they'll only be following the orders of the government where they're found.

2double0

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Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.

South Park

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Quote from: Mahanton on June 30, 2021, 03:37:51 PM

Quote from: South Park on June 30, 2021, 03:13:20 PM

This is one of the problems with politicians, they think they can fix everything instead of thinking that there are many things that do not need to be solved because if they try then they are going to make things even worse than what they are, but that is the way they think, for them more government intervention is needed which is why we see governments that are so big and inefficient, but do not worry the current situation is unsustainable and governments will have to get a lot smaller during the next decades.

Got smaller during in next decades? I dont think that thing will happen but rather seeing the opposite but actually on some things that you had mentioned was actually on point or simply a fact.
When it comes to intentions then no one could really know if that one does have an intent on the back side or simply totally being concerned into something.
Talking about Economic state in related to gambling then this had been typical or been a standard.

I said that governments will have to get a lot smaller not that they got already, why? Because they will have no other option, global adoption of bitcoin is already underway and it does not matter what kind of regulations they pass people are going to do whatever they want with their bitcoin including not paying taxes, and when we take into account that things are getting unsustainable thanks to all the money they have printed then they will have no other choice, I know it seems hard to believe but long term this is where we are headed.

RokokGudangGaram

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Quote from: mv1986 on July 03, 2021, 12:32:21 PM

Quote from: passwordnow on June 25, 2021, 03:46:33 PM

Quote from: mv1986 on June 25, 2021, 01:15:42 AM

Quote from: passwordnow on June 24, 2021, 02:00:10 PM

Quote from: mv1986 on June 23, 2021, 03:48:09 PM

Gambling can also be a viable option for those who are depressed already. It can function like alcohol. It is not always the other way around, it is not that you first gamble and then get depressed. You can be depressed but see an exit in gambling because it makes you forget your problems for a second. Sadly though it is mostly causing more problems afterwards as you are most likely not fully in control of your mind if you are depressed and therefore feel like gambling.

Depressed gamblers are often seen to be alone and are happy with what they do. They might keep going and whether they're losing as long as it's giving happiness to them, they don't mind about the cost and the casino profits from that person.
There are times that it's not just all about the money but also we'll never know what a gambler is going through. But most of us, we know that it's all about the money, whether you're for fun or for the profit.

But this is quite the stretch for the term of happiness. Sure everyone defines happiness differently, but with all due respect if you are sad and depressed, what you feel while you are gambling isn't really happiness. I just don't buy that.

It may not be the happiness that we know but that's what they're feeling, they're feeling good if they do it whatever the situation and what they're feeling by that time.

Quote from: mv1986 on June 25, 2021, 01:15:42 AM

Happiness is when you have a basic good and satisfactory mood, when you like life and are able to cope with difficulties optimistically and bravely. Happiness isn't when you forget your problems because you focus on hitting numbers in roulette. Happiness is when you have strong and lovely relationships to other people. If you have all other things around you in order, then I believe gambling can make you happy. Maybe on a vacation with a great family around you, when you decide to visit a casino for a night, that can make you happy. But gambling around the clock while having a bunch of problems to solve in real life isn't about happiness.

It came from you that we have our own definition of happiness. If someone forgets his problem and focuses on playing roulette then that's the definition of his happiness and we cannot question that. At the end of it, both feelings are invested including the money, and that still results to the costs needed by the casino that sums up the economic need from where it is operating.

But would you agree that there is such a think as fake happiness? For example, you get extremely wasted, have good talks with a friend after a bottle of whiskey, but they day the problems are still there and you are even less motivated to solve those problems. There can definitely be people who are truly happy when they gamble, I agree. But there is also that other group.

I agree with you. It might seem like a way to fill someone’s happy meter, but some people do things because it is their escape and distraction of some underlying emotions and problems. Maybe some people do gambling for this reason, or with a hope also to win that could perhaps aid in solving problems they carry in life.

mv1986

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Quote from: passwordnow on June 25, 2021, 03:46:33 PM

Quote from: mv1986 on June 25, 2021, 01:15:42 AM

Quote from: passwordnow on June 24, 2021, 02:00:10 PM

Quote from: mv1986 on June 23, 2021, 03:48:09 PM

Gambling can also be a viable option for those who are depressed already. It can function like alcohol. It is not always the other way around, it is not that you first gamble and then get depressed. You can be depressed but see an exit in gambling because it makes you forget your problems for a second. Sadly though it is mostly causing more problems afterwards as you are most likely not fully in control of your mind if you are depressed and therefore feel like gambling.

Depressed gamblers are often seen to be alone and are happy with what they do. They might keep going and whether they're losing as long as it's giving happiness to them, they don't mind about the cost and the casino profits from that person.
There are times that it's not just all about the money but also we'll never know what a gambler is going through. But most of us, we know that it's all about the money, whether you're for fun or for the profit.

But this is quite the stretch for the term of happiness. Sure everyone defines happiness differently, but with all due respect if you are sad and depressed, what you feel while you are gambling isn't really happiness. I just don't buy that.

It may not be the happiness that we know but that's what they're feeling, they're feeling good if they do it whatever the situation and what they're feeling by that time.

Quote from: mv1986 on June 25, 2021, 01:15:42 AM

Happiness is when you have a basic good and satisfactory mood, when you like life and are able to cope with difficulties optimistically and bravely. Happiness isn't when you forget your problems because you focus on hitting numbers in roulette. Happiness is when you have strong and lovely relationships to other people. If you have all other things around you in order, then I believe gambling can make you happy. Maybe on a vacation with a great family around you, when you decide to visit a casino for a night, that can make you happy. But gambling around the clock while having a bunch of problems to solve in real life isn't about happiness.

It came from you that we have our own definition of happiness. If someone forgets his problem and focuses on playing roulette then that's the definition of his happiness and we cannot question that. At the end of it, both feelings are invested including the money, and that still results to the costs needed by the casino that sums up the economic need from where it is operating.

But would you agree that there is such a think as fake happiness? For example, you get extremely wasted, have good talks with a friend after a bottle of whiskey, but they day the problems are still there and you are even less motivated to solve those problems. There can definitely be people who are truly happy when they gamble, I agree. But there is also that other group.

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Quote from: maydna on July 02, 2021, 11:21:26 PM

Quote from: KTChampions on July 02, 2021, 10:39:19 AM

But you understand that meeting the requirements costs a certain amount of money? Accordingly, if a player in one casino sees a coefficient of 1.8 and in another one for the same event is 1.9, then he will go to casino number two. Whoever offers the best odds will get a client, and the casino that spends money on making crazy government demands will not be able to offer the best odds.

Perhaps, you should know that some gamblers will not have a problem if one casino high costs than the other casino because they search for the comfortably which they want to get when they are playing gambling. If they can get that, they will not moves to the other casino, even if that casino offers a low cost.

That is why every casino will offer the best odds and the gambler will select what they want. Once they see the casino can give what they want, they will follow what it needs and they will just stay to playing gambling on that site than to moves to the other casino.

And what qualities of a casino can outweigh the best odds in your opinion? If we are talking about online casinos, then the comfort is almost the same everywhere, since there is no problem of distances, different staff or something else. Plus, when the player is at the stage of searching, he first of all sees the odds, he learns about the differences in comfort (if any) later.

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Quote from: KTChampions on July 02, 2021, 10:39:19 AM

Quote from: maydna on July 02, 2021, 07:10:05 AM

~snip~

But you understand that meeting the requirements costs a certain amount of money? Accordingly, if a player in one casino sees a coefficient of 1.8 and in another one for the same event is 1.9, then he will go to casino number two. Whoever offers the best odds will get a client, and the casino that spends money on making crazy government demands will not be able to offer the best odds.

Perhaps, you should know that some gamblers will not have a problem if one casino high costs than the other casino because they search for the comfortably which they want to get when they are playing gambling. If they can get that, they will not moves to the other casino, even if that casino offers a low cost.

That is why every casino will offer the best odds and the gambler will select what they want. Once they see the casino can give what they want, they will follow what it needs and they will just stay to playing gambling on that site than to moves to the other casino.

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Quote from: FatFork on July 02, 2021, 09:41:37 AM

Quote from: RealMalatesta on July 02, 2021, 02:49:25 AM

Quote from: Xinarae* on July 02, 2021, 12:01:38 AM

There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

I do not think that it will be possible to engage in gambling without financial commitment. You may start gambling for free of cost and you may enjoy gambling for free of cost but when you turn intensive then you might start spending from your pocket which is the point your economy begins to collapse. But, staying within the level of entertainment-only type of gambling is not possible once we get into gambling and playing for a while.

Is it gambling if there is no financial element involved? Take poker for example, I enjoy playing poker with my friends, but we can't call it gambling until we put money on the table, right?

What makes gambling entertaining is the adrenaline and hope of winning money in a given game. Without any consideration, it would be purely for entertainment but the feeling will not be the same compared to a game with consideration.

As previously mentioned, the game of poker will be converted to a normal game with just a winning prize. Without the involvement of risking your own cash, I personally think that it will not be called 'gambling' as you are not gambling anything.

Shasha80

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Quote from: FatFork on July 02, 2021, 09:41:37 AM

Quote from: RealMalatesta on July 02, 2021, 02:49:25 AM

Quote from: Xinarae* on July 02, 2021, 12:01:38 AM

There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

I do not think that it will be possible to engage in gambling without financial commitment. You may start gambling for free of cost and you may enjoy gambling for free of cost but when you turn intensive then you might start spending from your pocket which is the point your economy begins to collapse. But, staying within the level of entertainment-only type of gambling is not possible once we get into gambling and playing for a while.

Is it gambling if there is no financial element involved? Take poker for example, I enjoy playing poker with my friends, but we can't call it gambling until we put money on the table, right?

what you give an example is gambling on a small scale and of course it doesn't cost a fortune to do that so I think it depends on the situation or the case, if the case is a large gambling place then it definitely requires a very high cost and requires good financial management.

Depending on many things that make gambling cost a lot, therefore if there are people who intend to build a casino, besides having a lot of money.
But it must have excellent financial management capabilities, so that the casino can run well and provide benefits for its owners. It's not easy to
have a casino, there are lots of unexpected costs, sometimes some casinos are subject to high taxes by some countries. So it is necessary
to manage funds properly, so that the casino does not suffer losses.

TimeTeller

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Quote from: Lordhermes on July 02, 2021, 04:09:30 PM

Quote from: Xinarae* on July 02, 2021, 12:01:38 AM

Quote from: blackened515 on June 25, 2021, 10:16:48 PM

Excessive lost in gambling causes depression on the gambler, a feeling of frustration pops up in the mind of the victim which can lead him to stealing in other to meet up his loss.When one is addicted to gambling,there is every tendency that the individual is bound to fail.

Yes, it is normal for gambling to fail if you have little idea it has economic benefits as well as benefits. There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

Is it possible to gamble for entertainment without putting your finance? I don't think so because every time we engage in gambling,we always do it to make profit and not to catch fun.we think of making money while in the process loose our money.Most atimes we even touch the money we kept aside for some important thing,and when you loose it,it seems to cause depression on us.

This is why when a person decides to venture the gambling world, he should be prepared for all possible consequences.
Because if your hard-earned savings is at stake and you can't afford to lose it, better not to get involved in gambling.
But sadly, many people will just follow their inner desires and so they can lose that money. And that will start more problems on his end.

Topic: Economic Costs of Gambling - page 6. (Read 4124 times)