Topic: Gambling is short cut to poverty - page 22. (Read 6118 times)

There are people who make from gambling but those people are simply lucky and that's all, nothing more or less. The only exception that I know is Poker, in this game skills matter too but still, luck is must to have.
If gambling made someone broke, that's not the problem caused by a casino but by a consumer itself. I also don't like the idea of setting regulations on gambling because a full-grown adult has a brain that should guide him in his life instead of enforced rules by someone else. Asking governments to set rules is basically telling them that you are stupid and need someone to tell you what to do and what not to do.

Are you saying that government intervention and regulation of gambling is unnecessary? That does not bring any benefit but even causes more trouble for gamblers?
As far as I know the government only taxes casinos because they are businesses, I don't think the government taxes gamblers. Especially the losers, how will they pay taxes when they have nothing left in their hands?

Also, are you sure that you won't need government protection if the casino scams you? Or worse, do you think that if casinos were not regulated, criminals would use them to launder money for illegal activities? Agreed that government regulation of casinos will have disadvantages but at least it has benefits that we should not deny.
People who gamble and invest in bitcoin do not want the government to control and tax them, but they always want the government to protect them if they get into trouble. is this fair?

Well, maybe it’s a choice, but we could say some people are just forced into it because they feel they have no other option but to accept their situation. That’s why others take their chances with gambling, thinking it’s a quicker way to improve their lives if they win, rather than working day after day for a paycheck that barely covers anything. I guess you might feel the same if you ever lose hope.

I could be wrong in my view, but from what I’ve seen, most gamblers are in it to change their lives, not just for fun.

There are those who took it very serious and would want to eliminate poverty through gambling but it's on the reversed, we know the rate at which people diving into gambling with intense that they would have a turnaround storyline yet it's becoming so hard on them. I also agreed with you that gambling is not the easiest way to make money or neither is gambling the shortcut poverty, lots of people has forgotten that gambling also create an avenue for easy lose of funds if not properly controlled.

That mind set is very tough to understand by many people, and I don't blame them, because someone who can be in control of gambling always have less desire for money, this is the only way anyone can be in control, they also must be making a good amount of money from somewhere else, enough to make them believe that gambling is least of their problem, such people will look at gambling as fun not as money-making machine.

The more money you make from elsewhere the better your gambling discipline will be, the majority of people coming into gambling are not doing well in life, and this will surely add more fuel to their aims, I just view gambling as a form of engine that gives you massive hope and less result as time goes on, you will probably end up wasting your time gambling.

It is for the best to have something you are doing, to atleast get your life together and never risk more than a percentage or two in gambling, those hopes are based on emptiness, until proven otherwise, you don't have to strongly rely in such thing.

In the end, any form of excessive action in gambling will most likely always end in regret, so even though for example emotions and greed are always the part that drives you to do excessive actions but in the end of course regret will always be a possibility that you will definitely feel.
Basically, experience is always the best teacher, meaning that there is a possibility for such gamblers to finally realize their mistakes when they have felt significant regret but maybe the only thing that is not yet known is when they will be able to achieve that awareness.

Therefore, indirectly, the slump experienced by such gamblers can actually be used as an example and lesson for us, there is no need to experience such a slump because we also always have the opportunity to learn from what others experience.

In the eyes of others, they may agree with what you say, and there are others who will not support what you mentioned. But for me, gambling is not bad as long as we do it correctly and it does not affect our personal lives or the family we have.

In addition to that, let's also maintain that we have discipline and self-control in playing gambling, because if we lose those two,
for sure it's not far off for us to become addicted in the future.

Exactly, a very simple idea but that's what happens, which I agree with you that something that causes a gambler to fall into a slump is because they do not understand what they are doing, know that when you do not know about what activity you are doing then it is very possible for you to make the wrong path or decision, in gambling, misunderstandings can really have a very significant negative impact, and that's why we always say that when a beginner wants to get into gambling then they must first know and understand everything especially realizing that gambling is a risky activity, also understanding that most wins always depend on luck. On the other hand I think I completely agree with the idea in your last paragraph, it makes sense and is true.

Gambling should and it is by the government. Uncontrolled gambling is happening maybe only in North Korea and some other dictatorships like that.

Overall I disagree with the notion that "Gambling is short cut to poverty", to me it sounds like "Life is a shortcut to death." It's more like sophistry than an opinion worth listening to.

Poverty is a choice and I won't say gambling is the main reason but one of the factors. Infact the mindset placed when playing this games are crucial because I would definitely know when to back out when I have some loss or win unless am too addicted to it.There was a time I wanted to learn from a friend after he had a breakthrough win but he did not want to teach but advised me by telling me the demerit. He said I should use the money to invest or do something better.

Gambling is not something someone should be proud to tell a younger one to indulge into unless it's for fun and the government really need to set policies to control the rate of gambling in the society.

I couldn't agree less with your point of view, people that becomes addicted and poor through gambling are the ones that use the money that they cannot afford to loose. Common sense will tell you that if you're using amount that you can afford to loose for gambling, there's no way that you can become poor because of it. People who lacks discipline and financial knowledge will come into gambling and exhibit their ignorance for financial management. When their greed leads them to bankruptcy, then they'll blame it on gambling, although I know that it can be addictive, that is why discipline is important. It's equally important for people to learn about responsible gambling, so that they can avoid the parts that leads to addiction.

As for government and gambling, I believe that they are more interested in the tax revenue from gambling companies, rather than the gamblers that choose to gamble their money. Everybody is entitled to how they spend their money, the government can not make that decision for anybody, including gamblers.

Gambling addiction can even be more devastating than someone who is addicted to drugs and liquor, so it does make many countries that strictly prohibit gambling in their country, so far a person's desire to become very rich actually makes them want to gamble but in the end it is poverty and destruction that they get, many people are trapped because initially they just want to try or because they have experienced Big wins, However, when gambling becomes a habit, the impact can be very bad, both financially, emotionally, and socially, actually gambling can be an entertainment in leisure time if indeed we can play wisely and be aware of our limitations.

The mindset is just everything in gambling,  and you need to have a good understanding to have the right mindset. The reason why people do have problems with gamble is because they have the wrong mindset which they think they can always win and for that they can play with any amount of money.

 When their is a clear understanding that gambling is a game of luck and cannot be predicted it will be difficult for one to become addicted or play with the amount that you can't afford to lose.  What is killing people in gambling is because they have the wrong mindset which they think about gambling in their own understanding.

People lose money in gambling not because the casino is evil that ruins the lives of these people, but because people themselves don't know how to manage their finances. No one forces them to play gambling and spend their savings, right? Gambling is a conscious choice of each gambler. Those who don't want to lose, simply don't gamble.

Casino owners make money on gambling. This is far from a secret. So why do people who risk their money continue to try to make money on something where it is almost impossible (or the chances are very low)? It's all about the pursuit of easy money, which is what leads them to poverty.

There is no need to blame the gambling industry and shift the responsibility for some people living in poverty and misery onto it. These people could have managed their money in a completely different way (business, investment, savings or a banal bank deposit), but driven by greed, they chose gambling, for which they paid.

Governments are already trying to control too much in the financial sphere and this is the last thing they need, for them to get involved here too. As it usually happens, as soon as governments interfere somewhere for the sake of ensuring the well-being of people (protection from gambling), this will inevitably lead only to worsening conditions for ordinary gamblers, as well as some additional monetary fees, like taxes.

If their country allow gambling, they don't have to closing down the casino instead will give license to control the casino. The casino can be a distribute place for unemployment so they can get a work in that casino. The government can get the taxes and distribute to the other places that needs help. But if people still playing gambling without control, they will not make money for themselves instead can lose much money until they bankrupt.

People should not rely on gambling to make money and solve poverty because that is not recommended and not that way. They must realize that gambling is just for having fun if they have spare time and not trying to chase the winning. Searching for a work will be better for them because they don't have to waste their money in gambling table without having a big chance to make money.

That is right and that is what happen to those people. We may difficult to give understanding to them that gambling can not solve poverty matters. With the growing of the technology, that will give possibility to them to access online gambling and keep playing gambling. If they don't realize what can happen to them if they rely on gambling, that will not be a long time to see they will lose much money.

Gambling is a quick way to get money but gambling is a quick way to bankrupt and lose all of their money. It needs a seriousness way from the government to educate their citizens not to playing gambling anymore or moderately their gambling activities. That will need attention from the government and explain the risk behind of gambling.

That's why a correct mindset is needed when you want to gamble.

Just to add some to what you said, there are some gamblers that are curious about what gambling can do to somebody, and how can gambling change their lives. I mean they might saw an article online where some gambler out there won millions of dollars and they want to experience it as well hence, they resorted to gambling. These are the ones that have a very high chance of losing money in gambling because of the mindset that they have.

There's nothing wrong with gambling for me. The problem lies within the gambler, their lack of self-control, and their mindset. Getting addicted to gambling is very easy for those who have a wrong mindset when they gamble. Gambling is addictive when you don't know when to stop. Gambling is bad when it ruined your life negatively. If you can't control yourself, just don't gamble at all.

For gambling that is done in moderation, when we have got the results, we should be able to stop gambling and return home to continue our real life, whether the final result is a win or a loss, but we must be able to think that gambling is just entertainment, it is very lucky if the results can make us win and if the results are disappointing, then we should not take it seriously like not accepting the defeat, that is the wrong behavior.
I agree with what you said, indeed this luck is not something that can predict it accurately, so it is not strange if there are people who have been gambling for a long time but have never won big and of course that is because luck is not on their side. In my own environment, I have not found anyone who can get a big win to the point of drastically changing their life, or maybe there is but I myself do not know.

I agree with you on that and it seems like the number of those people who are being ruined by the wrong perspective about gambling is also growing. There are so many gambling sites today that don't even have features like "setting the gambling limits" which Stake.com has. https://stake.games/responsible-gambling/gambling-limits
Then, there's also the gambling responsibly by "self-exclusion" in case you want to stop. https://stake.games/responsible-gambling/exclusion

These features are very important for an online casino or even an online sports betting website because somehow it will give a gambler an option to do the necessary things once they feel like they are near addiction. Either quitting or limiting themselves so that they won't be spending too much time and money gambling. It's easy to get addicted to gambling but it will be difficult to come out. A gambler will always have that urge to play more especially when he is losing.

This statement confirms how you are getting it wrong, you mix it. Fine, aiming to gain through gambling could corrupt your mind and even get you addicted, but you will only be addicted and desperate to get the money before it can backfire on you. The undeniable fact remains that it's not everyone seeking money from gambling that's having issues with it, that's the point you should consider.

Our mindset and approach towards gambling matters and you don't automatically become desperate in gambling by seeking a few bucks from it without desperation especially if you are fully gainfully employed. Almost all the gamblers I know gamble for money but I hardly see one of them having issues as I write, after many years, so it's practical.

Exactly.

Some people last resort is gambling, either it is because they envy someone who just got lucky one time in gambling or they are just risk takers. Nonetheless, they will end up even more broke, disappointed, frustrated, stressed, depressed, and other negative emotions because of gambling addiction. What's even worst is that, other than suffering from those emotions, they will also suffer on solving one thing, and that is how are they going to pay off their huge debt to loan sharks.