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.
Topic: Economic Costs of Gambling - page 7. (Read 4152 times)
This is a controversial statement, since you yourself wrote that a gambler is free to find another casino (with less regulation, which means cheaper and more profitable), which means that a casino that fully complies with the state's requirement will lose some of its customers and, as a whole, will be less competitive.
I doubt that the casino will lose some of its customers because we know that many new gamblers will visit that casino and perhaps, some of them will not have a problem following the casino rules. Besides that, the casino can still search for new members for the casino by promoting their casino in many places to still get the new members. It will not be a problem for the casino as not all can stay in one casino forever. The casino should know about that.
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.
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?
Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
The state will be like that. The casino can not do anything if they still want to continue their business. But if they follow what the state wants, I think they will be okay and will not get a problem. But the decision will be at a gambler because they can search for the other casino easily without any force from the other side.This is a controversial statement, since you yourself wrote that a gambler is free to find another casino (with less regulation, which means cheaper and more profitable), which means that a casino that fully complies with the state's requirement will lose some of its customers and, as a whole, will be less competitive.
Besides that, the casino can still search for new members for the casino by promoting their casino in many places to still get the new members. It will not be a problem for the casino as not all can stay in one casino forever. The casino should know about that.
We all know the effect of gambling on our economy.How it has turned some individuals into nuisance in the society.
Yeah, the consequence of gambling is only individual dependent up to some level and after that it will become a social issue as it has direct impact into the economy of that society and then the country. These are all because people mostly take example from successful gamblers whereas they must need to consider the pathetic situations of gamblers before getting into gambling.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. 
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. One needs to be careful with gambling to avoid being addicted to it, gambling should be done as a means of cashing fun anything out of just fun becomes an addiction which can ruin a person economic life and hurt the economy because it will cause you to lose money or even go extreme.
We all know the effect of gambling on our economy.How it has turned some individuals into nuisance in the society.When an individual plays game and continues to loose,he looses his money,and his mind,which causes havoc and depression.He continuousy thinks of his loss and tries to make it up by gambling again.One should try to avoid gambling addiction.
One needs to be careful with gambling to avoid being addicted to it, gambling should be done as a means of cashing fun anything out of just fun becomes an addiction which can ruin a person economic life and hurt the economy because it will cause you to lose money or even go extreme.
Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
The state will be like that. The casino can not do anything if they still want to continue their business. But if they follow what the state wants, I think they will be okay and will not get a problem. But the decision will be at a gambler because they can search for the other casino easily without any force from the other side.This is a controversial statement, since you yourself wrote that a gambler is free to find another casino (with less regulation, which means cheaper and more profitable), which means that a casino that fully complies with the state's requirement will lose some of its customers and, as a whole, will be less competitive.
Every country have their own economic adviser, they weigh in the advantages and disadvantages of having gambling casinos on their country and many countries are in favor of having one because of the economic gains more than the economic cost of gambling, the government prefers to rehabilitate those who became addicted to gambling or launch a campaign about the danger of too much gambling.
The existence of casinos and gambling sites could give some opportunity for the jobless to work with the company (as the positive side) but this also gives the chance for the young minds to have an early entry and brought to addiction.Once gambling addiction arises, it sometimes leads to criminal activities like robbery, murder, and debts. Though it was not the responsibility of the government to take care of these gambling addicts, their concern is how to control such criminal activities. So, it gives additional workloads to the authorities and additional manpower.
I really think what he mean was, more manpower needed because of more workloads, I really think that there is no need for additional manpower, and not all gambling is related or point out to getting people doing crimes, the poverty is the issue why most people are being lead to the way of the crime,
I really think that the most negative about gambling is the way addiction is hitting several people without notice, you can surely blame criminal work to gambling but not often time it is because of gambling.
Every country have their own economic adviser, they weigh in the advantages and disadvantages of having gambling casinos on their country and many countries are in favor of having one because of the economic gains more than the economic cost of gambling, the government prefers to rehabilitate those who became addicted to gambling or launch a campaign about the danger of too much gambling.
The existence of casinos and gambling sites could give some opportunity for the jobless to work with the company (as the positive side) but this also gives the chance for the young minds to have an early entry and brought to addiction.Once gambling addiction arises, it sometimes leads to criminal activities like robbery, murder, and debts. Though it was not the responsibility of the government to take care of these gambling addicts, their concern is how to control such criminal activities. So, it gives additional workloads to the authorities and additional manpower.
Every country have their own economic adviser, they weigh in the advantages and disadvantages of having gambling casinos on their country and many countries are in favor of having one because of the economic gains more than the economic cost of gambling, the government prefers to rehabilitate those who became addicted to gambling or launch a campaign about the danger of too much gambling.
The existence of casinos and gambling sites could give some opportunity for the jobless to work with the company (as the positive side) but this also gives the chance for the young minds to have an early entry and brought to addiction.Once gambling addiction arises, it sometimes leads to criminal activities like robbery, murder, and debts. Though it was not the responsibility of the government to take care of these gambling addicts, their concern is how to control such criminal activities. So, it gives additional workloads to the authorities and additional manpower.
Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
The state will be like that. The casino can not do anything if they still want to continue their business. But if they follow what the state wants, I think they will be okay and will not get a problem. But the decision will be at a gambler because they can search for the other casino easily without any force from the other side.But we need to remember, these days all casinos are adopting any kind of new regulation which may be government compliance or for the welfare of their customers, so we can expect such rules will be implemented at most of the crypto gambling houses in quick succession which means gamblers may not have any good reason to switch over anymore.
If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.
It is not easy to implement that thing into crypto gambling as crypto gambling is available on the internet and the government is difficult to suggest them follow their rules. A gambler will have a reason why they need to switch or moving to the other crypto gambling site and if they think that the rule will limit their access to playing gambling, they will move to the other site.If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.
Perhaps, the crypto gambling site needs to adjust its rules to a new form that can still give its members who want to play gambling without completed verification. Hopefully, the crypto gambling site will not use strict rules for its members.
Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
Your reasoning is wrong. It is not just about gamblers and casinos, it is also about their children and wifes. In my opinion "the freedom of one stops where another's begin" - ergo, in this case if someone gets addicted and the life of children is affected, then the state has the right to intervene.Do you seriously think that a father who becomes good because the state restricts him and makes him be good is really good? And in general, do you consider such a system acceptable when the state "for the benefit of others" commits violence against an adult capable person? This is a slippery slope that killed many good people.
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.
Sure. I don’t remember exactly who said this (it seems one of the US presidents): the government is not a means of solving problems, the government is a source of problems.
Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.
The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future. Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
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.
Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.
The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future. Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.
But we need to remember, these days all casinos are adopting any kind of new regulation which may be government compliance or for the welfare of their customers, so we can expect such rules will be implemented at most of the crypto gambling houses in quick succession which means gamblers may not have any good reason to switch over anymore.If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.
Casinos needs to adopt and implement what the government ask them to do, no doubt that to save their business they have to adjsut and follow what the government wants them to do, they can't just ignore things out and not to value the rules.
taking that reasons, there's no way for gamblers to choose if most of the gambling house will adopt everything, if most of the business owners ruled out what the government ask them to do. Nothing to argue since government is more in control in terms of implementing laws.
Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.
The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future. Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
Your opinion deserves respect. However, I take a different position.
A gamer is an adult. The state fulfills its functions. However, it cannot engage in total regulation. This is a direct path to authoritarianism. Each person is independent in his actions. He also bears consequences for these actions.
The woman has intuition. She is also an adult reasonable person and must choose the right sexual partner and father for her children. An emotionally weak person can easily become a drug addict or gambling addict. You don't have to marry such people. Or to organize such a lifestyle for them so that they do not have a gambling addiction.
The state cannot take care of its citizens, like a hen hen of its chickens.
The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.
But we need to remember, these days all casinos are adopting any kind of new regulation which may be government compliance or for the welfare of their customers, so we can expect such rules will be implemented at most of the crypto gambling houses in quick succession which means gamblers may not have any good reason to switch over anymore.If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.
Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.
The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future. Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.
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