Topic: Gambling is short cut to poverty (Read 7140 times)

as with any habits the key would be identifying what are the triggers that make you want to gamble
are you bored?
are you jut floating with your free time and looking for emotions?
are your healthy habits in check? meditation, good diet, exercise, etc...
these are the questions to ask.

I've never seen data on economic profiles of gamblers but I'd guess that there are many poor and medium class people gambling A LOT and not only rich ones.

The only key when gambling is to be responsible on your action. Control yourself over the urge in gambling. While it is true that gambling can make you rich in an instant, but it can also terribly ruin all your finances if you keep chasing your luck, or your anticipations of making bigger wins. So always in control with your gambling habit, take a break if you are mostly at loss. No one’s end up into poverty if you are only consistent with your gambling’s limitations.

It is really that indeed shortcut to poverty if you do make yourself treat up gambling to be a source of income and not for leisure or for fun thing. If you do find yourself having some issues when it comes to controlling your emotions at the moment that you do play then you are really that bound on having that bad situation when it comes to financial aspect. Most gamblers do messed up their finances due to this kind of reasoning on where you will definitely be spending up tons of money on which isnt supposed to be spend up on gambling but rather in other priorities and responsibilities that you do have in life. Gambling isnt that bad literally, it is really just that make it bad on the moment that a gambler will really be having that excessive thoughts towards it and if you cant be able to control then this is where issues came from.

Hmm that's right, honestly I agree with your assumption above my friend that what actually makes them experience a slump to reach the lowest point in their financial situation is not caused by gambling but rather by their own wrong way of treating gambling, it can be said that maybe gambling is just a place for them to experience a slump, because basically in any case if for example you can't treat it well and properly then of course it will also have a bad impact. Such as the matter of loans which on the other hand is a solution that we can use to help us solve problems such as when we need money in an emergency but when you use loans in the wrong way and without setting limits then it is clear as we see now that not a few people are experiencing problems in debt, that's how simple it is in my opinion.

Coming from the developer itself, it's true that after winning that huge amount of money better to quit away and find other alternative if possible invest the money and keep yourself busy to prevent yourself coming back and spend all those amount back to gamble, though, it's easy when you are just commenting but in reality, gambler will comeback and will try their luck again and since that they manage to win before they'll going to think that it will happen again just need to wait for their luck to back them up and let them win.

Eventually, they'll just going to realize that they've already returned all those winning amount and they just keep topping more on their balance and keep losing their money.

That's how things happened most of the time and if there's some who can manage to win it's only a small percentage of those people who gamble, majorities are the one who keep spending time and money without realizing it.

You are right, it is strictly an individual mindset to think or generalize that gambling is a short cut to poverty and considering the fact different people tend to approach gambling in different ways. However, it is not gambling itself that can make the road shorter for any one but rather the individual approach is exactly what could lead to poverty that is if the person in question is already rich and have chosen to approach gambling the wrong way, but come to think of it,  from the op concepts I think the only way gambling will be a short cut to poverty is only when the person in question is already rich and decide to spend most of it in to gambling without a return instead of investing.

Money is the major reason people are gambling and in the bid to get it in excess, enough money would be lost if they did not apply wisdom, so what's the point?

Notwithstanding, as we think of those who are unfortunate, we should also think of those who are very fortunate, gambling has indeed blessed some people, and guess what? They also utilise it well to the point that it changes their lives and that of everyone around them. This is what I call a true winning, but it is scarce.

Now, to avoid being a heavy victim of gambling, every gambler should endeavour to gamble responsibly. Planning a small amount to win the Jackpot is key rather than thinking high risk will fulfil the task for you. They would rather lose more and be driven deeper into poverty.

In my view OP has cosmetic way of looking at things. The shot cut to poverty is loafing  and inactive life rather than gambling.  Stirring imposed by gambling on people who have active live and have skills to make money in all possible ways may result in  enhancing  the  entrepreneur's streaks relevant to given characters. Thus, all depends on the given character. If the person is lazy per se then the  poverty at the end  no matter whether he is gambler or not .

It depends on the kind of Jackpot the gambler won because Jackpot comes with a huge amount of money and except it be for a gambler who is addicted and spends most of his money in gambling or someone who stake huge bets, those are the only people that their winning in a jackpot can't cover up for their losses but whatever be the case, it is good to win in gambling no matter how little the winning is. I have met a gambler who plays gambling on weekly basis and he has been keeping records of his losses each week, he told me that he played gambling for a year and 2 weeks and didn't win a dime so you can imagine such situation of losing for good one year and some weeks, if such person wins a jackpot he will be very happy regardless of the amount he won.

Certainly, There was a day i was in a casino physical betting shop and some gamblers where playing virtual sports games that is programmed by the casino and they were all playing and losing heavily, then someone just walk in to place a bet that was giving to him to stake at the betting shop but got distracted when he saw the virtual sports live games. He decided to try his luck and just on one attempt, he won huge amount of money and told people there that it was his first time. So people can be lucky not to lose too much before they win but the only problems with most people is just greed because instead of being contented with the amount they've won, they will want to make more attempts to win and by so doing they might lose the amount the won initially.

That's how gambling works especially with casino games like slots. I've heard it at one of the game developers of a gambling site and also a system administrator. He said, "A true gambling winner are those who won big amount at their early stage of gambling and quit without coming back." Simple as that. But, let's face the facts, a gambler who won a big multiplier will always be back to test his luck and maybe even spend all that winnings trying over and over again without winning anymore. Worse, he will lose more than what he won by trying to deposit more.
We cannot let that happen as gamblers who have experience in the industry. We can still play after a win but let's make sure we spend it wisely afterwards.

I myself gamble but I do not record the amount of money I have spent on gambling I have never done this, maybe if I recorded the money I have used for gambling I could have bought a car.

In addition, I myself have never gotten a big win or what is called a jackpot, occasionally I have gotten a big win but it was not a jackpot. Only lucky people can get a big win or jackpot. It makes sense to say that the winnings obtained are a return of money that has been lost in previous gambling, but this is not widely realized because people who experience defeat usually will not remember this but they only want to win.

You are right. But the fact is, they do not lose real money. They get a demo balance from the casino in order to stream online and attract people. They have nothing to lose. So, it does not really matter how much they bet and how much they lose. Even if they win from the demo balance, they won't be able to withdraw the funds. If you watch the livestream, try asking them to withdraw the funds; they will never respond to your comment. They get referral commissions; sometimes, big streamers receive one-time money for streaming. This is how streamers work with the casinos. If people follow these streamers, they will end up getting busted.

Gambling is a short cut to poverty for those that are addicted to it,they lack self control and discipline.The essence of gambling is for fun and most importantly gamble what you can afford to lose.Never gamble all your hard earn money with the intention of cashing out huge amount of money,most times things are not in favour with our expectations,that's why gamblers are advised to play smart (Responsible gambling).When a gambler gambles responsible I don't think he would face financial instability in the future but when a gamblers fails to gamble responsible he will definitely face financial instability.
If the government has all it takes to limit those gambling irresponsibly I think they won't because they wouldn't want to limit what gives them money from the tax paid to them from online casinos.The rightful age an individual should start gambling is 18 and above so I believe an adult should be able to make decisions for himself and not the government.

This is why it is so difficult to make any money while gambling, as even those that were lucky enough to win a lot of money in a relatively short amount of time will eventually give up all of those profits, and in fact I think this is the worst scenario for a gambler, as in their minds the possibility of making easy money through gambling will be solidified, and convincing them they are wrong will become an almost impossible task.

That's very correct; some of those who hit the jackpot, if a proper account of all their losses is being done, you will see that the amount they won from the jackpot can't even cover up all that they have lost to gambling before they finally hit that big win.
 
There are also some who just played a few times and won big, covering more than they have spent over time in gambling, but with time and overconfidence, they start giving back that which they have won to the casino gradually without even realizing it, and it will take longer or even a lifetime before they can hit that large win again.

Yup that's right, and that's the reason why many people often say that a gambler must have the ability to stop at the right time in any situation, such as when they win, they should think and assume that the session is over, the amount of winnings is enough, or what I mean is we must really be able to see everything realistically, and when you lose (in losing the amount you can afford to lose) you must also have that kind of thinking, for example "this is enough, I'm not lucky this time". At first glance it is complicated, but that's how the approach to gambling should be if you really want to survive in the long term or what I mean is avoid various bad impacts, that's also the reason why many people suggest being careful in treating gambling, the point is never to make money a priority in gambling, that's clearly dangerous.

The truth is that even if you gamble for fun you will still have a desire to win, nobody gambles just to have fun and lose and never thinks about winning.  The most important thing is just to have the right mindset,  never expect it will always be a win, just have the understanding that gambling is unpredicted.

 When their is understanding that it is unpredictable whatever may be the result it won't be a surprise for you. Normally that sense of having a win will be there but if their is a clear understanding about gambling by not expecting it must be a win and playing with the amount you can afford to lose I don't think this will be a problem.

It has been clearly stated that anyone who is under 18 of age is not or should not gamble because of some security reasons and I believe this law was made by the government and in some country in the world they arrest anyone who is gambling below the age of 18 so I don't know what you want the government to do again. Anyone who is +18 should not been seen as a child or kid anymore because he or she knows what is right to do and what is wrong to do.

It is individual that is abusing it and perhaps you should stop talking only the negative side of gambling there are people who gambling has made millionaires, billionaires etc and again stop generalizing it as a bad thing or something that is wrong to do, they don't force individual to gamble rather individual chooses to..., there are also people who don't gamble that's there choice.

Gambling is a form of entertainment that is full of risks. That is why many people say that gambling is like a double-edged sword. And when it comes to luck in gambling, to hell with luck, because we never know for sure when luck will come, and is there anyone here who can be sure when luck will come?

And the fact is that someone can become poor, it is because he continues to chase that luck, luck that he will not necessarily get. Instead of being able to get rich immediately from gambling, gambling actually makes life more miserable.

Gambling is the most enjoyable place to waste the money we have for free, therefore gamble in a controlled manner and make sure you only gamble with the amount of money you can afford to lose. Don't let gambling be more important than other things that are more important.

I think gambling is a broad issue, because whether we admit it or not, there are only a few who win jackpots in casinos. And most of them are losers in gambling. Though, there are also many who win but not large amounts to say.

There are others who get jackpots but also run out of what they won in a short time, there are others who use their jackpots correctly in the right way. I have seen many of these in documentaries and television programs.