Gambling is short cut to poverty - page 26.

Frankolala

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Quote from: Pandu Geddon on October 30, 2024, 05:54:11 AM

Quote from: Oasisman on October 30, 2024, 05:45:53 AM

Quote from: bakasabo on October 30, 2024, 04:41:09 AM

The phrase "Gambling is short cut to poverty" is so controversial, as if there is a long path to being rich. If there were a magical, but 100% working strategy how to become rich, people will only follow it. However, even working hard and dedicating whole life to something, it does not guarantee that a person would become rich. As well as there is a chance (and proves) how people became rich in to time, after few click or by accidental luck. With this I would like to bust myth that gambling is a short cut to poverty. Making reckless decisions is a short cut to poverty.

Well, there is indeed a long path to being rich and I actually witnessed a handful of people who acquired wealth by taking this path. From rags to riches, and I think it isn't a coincidence that they don't actually gamble. Instead, they save and invest it to put up a business. BUT! don't get me wrong, I don't mean that when someone engaged into gambling, they will automatically taking the short cut to poverty lol. With proper moderation and self control, gambling is nothing but just a past time hobby. However, we've seen hundreds if not thousands of people became broke because of excessive gambling behaviours. But, I haven't seen someone who get broke by dedicating their lives into working hard. Some may not be able to reach the level of being rich, but at least they ain't broke either.

In the end, there will be gamblers who go bankrupt, and there will be gamblers who are mediocre even though they have the same gambling activities. it's just that some gamblers become excessive in their gambling which makes gamblers eventually go bankrupt. while other gamblers may be able to control their gambling allocation well so that their finances will not be burdened by their gambling. even though they don't become rich, at least gamblers who are disciplined enough will not be disturbed by their finances. and those who are negligent must bear the risk.

Of course, those disciplined gamblers are the ones enjoying the fun in gambling, because they have nothing to lose but only the little amount of money that they are always using to gamble which they don't see as anything. Those irresponsible gamblers most times, loses everything in the sense, that they will keep on chasing their losses and become addicted. They will start living a tattered life, some of them families will abandon them, their reputation will be trampled on. Getting addicted is very easy but getting out of addiction is very hard, responsible gambling should be practiced whenever you are gambling for the sake of your loved ones.

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Quote from: Blowon on October 29, 2024, 11:43:10 PM

If the government cares, then government revenue will decrease, this will have a chain effect, and has positive and negative sides, maybe the government has chosen the best option for them even though unilaterally they ignore their people a little.

care about what this is, as far as I know the government has optimized the appeal to prohibit gambling, and the government has also blocked gambling sites, if you say the government doesn't care that's very wrong, for countries that are anti-gambling everything has been maximized to minimize their citizens' addiction to gambling

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Quote from: Fredomago on October 29, 2024, 03:32:16 PM

Quote from: Dewi Aries on October 29, 2024, 04:53:56 AM

Yes it is greed and most gamblers always find it difficult to ignore greed in their minds especially when they have managed to achieve a number of wins, as you said that often they are not satisfied with the amount of winnings they get so instead of cashing it out they continue and chase a larger amount of winnings which in the end often leads a gambler to significant regret when the amount of winnings they previously managed to get is lost again because of the luck that has been lost.

Therefore, this is why a gambler must know, understand and realize what and how gambling really is, because when you realize a fact that defeat will always be part of the game and also understand that previous wins cannot be used as a guarantee for the next win, then it is unlikely for you to apply greed.

Without realizing things in the early stage you are compromising your finances, as time goes by and you'll keep repeating that same mistakes you'll find yourself empty-handed, most gamblers regrets those failure those wrong decisions that they've made , especially the time that they've got the opportunity to quit while still have decent amount of profits,

though just the same it's greed inside that needed to be well taken care so you'll not going to regret each decision that you made, more on your own limits and Money management.

Yes, of course that's what will happen or what will be experienced by gamblers who are involved in gambling without being equipped with the right knowledge and understanding of what and how gambling really is, as you said that over time they will only continue to push themselves into various serious problems in their lives, especially in their financial situation and of course in the end regret is something they will definitely feel but unfortunately it's all too late.

Now there are quite a lot of gamblers who are trapped in this situation and in fact other people's experiences can certainly be used as learning material for us, which of course so that we don't fall into the same hole, you really need to use and maintain your rational mindset every time you find something new because after all, only you can save you.

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Quote from: Slow death on October 30, 2024, 06:41:35 AM

These taxes are used by governments to build hospitals, roads, schools, and other things. Casinos also sponsor sports, which often helps teams or athletes a lot. There are some lucky people who have won big prizes and then taken the money and started small businesses and created jobs, this is a good thing for a country's economy. So we have to look at the positive side of gambling too, instead of constantly looking at the negative side.

You're right; we can’t overlook the big economic contribution that legally operated casinos bring to the country. But even so, they’re also a major reason why many people face financial struggles, thinking gambling might be a way out of poverty—only to find themselves deeper in it. Sure, gambling can have its perks, but overall, we should think carefully before diving in, as it can ruin lives if we get too wrapped up in it. While some people have made fortunes, many more have lost. So if we’re playing, let’s make sure it’s for fun, not for financial gain—otherwise, it could end up costing us the dreams we hold.

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Some governments have taken a very radical view of gambling, to the point of banning gambling, blaming gambling for the misfortunes that many people are facing. But they forget that alcohol, drugs, prostitution, theft, murders, and corruption have also been responsible for people's misfortunes. So in my opinion, these governments with radical ideas should not ban gambling and should not say things like: "gambling only brings poverty to people." Because there are many good things that come from gambling. For example, casinos and the people who go to casinos pay taxes.

These taxes are used by governments to build hospitals, roads, schools, and other things. Casinos also sponsor sports, which often helps teams or athletes a lot. There are some lucky people who have won big prizes and then taken the money and started small businesses and created jobs, this is a good thing for a country's economy. So we have to look at the positive side of gambling too, instead of constantly looking at the negative side.

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Quote from: Oasisman on October 30, 2024, 05:45:53 AM

Quote from: bakasabo on October 30, 2024, 04:41:09 AM

The phrase "Gambling is short cut to poverty" is so controversial, as if there is a long path to being rich. If there were a magical, but 100% working strategy how to become rich, people will only follow it. However, even working hard and dedicating whole life to something, it does not guarantee that a person would become rich. As well as there is a chance (and proves) how people became rich in to time, after few click or by accidental luck. With this I would like to bust myth that gambling is a short cut to poverty. Making reckless decisions is a short cut to poverty.

Well, there is indeed a long path to being rich and I actually witnessed a handful of people who acquired wealth by taking this path. From rags to riches, and I think it isn't a coincidence that they don't actually gamble. Instead, they save and invest it to put up a business. BUT! don't get me wrong, I don't mean that when someone engaged into gambling, they will automatically taking the short cut to poverty lol. With proper moderation and self control, gambling is nothing but just a past time hobby. However, we've seen hundreds if not thousands of people became broke because of excessive gambling behaviours. But, I haven't seen someone who get broke by dedicating their lives into working hard. Some may not be able to reach the level of being rich, but at least they ain't broke either.

In the end, there will be gamblers who go bankrupt, and there will be gamblers who are mediocre even though they have the same gambling activities. it's just that some gamblers become excessive in their gambling which makes gamblers eventually go bankrupt. while other gamblers may be able to control their gambling allocation well so that their finances will not be burdened by their gambling. even though they don't become rich, at least gamblers who are disciplined enough will not be disturbed by their finances. and those who are negligent must bear the risk.

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Quote from: bakasabo on October 30, 2024, 04:41:09 AM

The phrase "Gambling is short cut to poverty" is so controversial, as if there is a long path to being rich. If there were a magical, but 100% working strategy how to become rich, people will only follow it. However, even working hard and dedicating whole life to something, it does not guarantee that a person would become rich. As well as there is a chance (and proves) how people became rich in to time, after few click or by accidental luck. With this I would like to bust myth that gambling is a short cut to poverty. Making reckless decisions is a short cut to poverty.

Well, there is indeed a long path to being rich and I actually witnessed a handful of people who acquired wealth by taking this path. From rags to riches, and I think it isn't a coincidence that they don't actually gamble. Instead, they save and invest it to put up a business. BUT! don't get me wrong, I don't mean that when someone engaged into gambling, they will automatically taking the short cut to poverty lol. With proper moderation and self control, gambling is nothing but just a past time hobby. However, we've seen hundreds if not thousands of people became broke because of excessive gambling behaviours. But, I haven't seen someone who get broke by dedicating their lives into working hard. Some may not be able to reach the level of being rich, but at least they ain't broke either.

bakasabo

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The phrase "Gambling is short cut to poverty" is so controversial, as if there is a long path to being rich. If there were a magical, but 100% working strategy how to become rich, people will only follow it. However, even working hard and dedicating whole life to something, it does not guarantee that a person would become rich. As well as there is a chance (and proves) how people became rich in to time, after few click or by accidental luck. With this I would like to bust myth that gambling is a short cut to poverty. Making reckless decisions is a short cut to poverty.

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Quote from: danherbias07 on October 29, 2024, 09:06:06 AM

They are not well educated or they are just really gamblers from the start. I mean, even if there's education there's still a possibility that a gambler will always be a gambler no matter how many good things you tell them to prevent them from doing the bad habit that also became a routinary for them.

In the past, most gamblers are from the sports industry and athletes. Because they easily get money from 1 match in boxing or whatever sport they are good at, they also gamble it like they are millionaires even if they don't have any savings at all. Back when I was a kid, I heard a lot of news about them suddenly going poor because of gambling.
I think what we should really learn is the correct way of securing our financial incomes. Even if there's gambling, if we cannot move that money, then we still have a future.

Gambling is not depends on education or not, rich or poor. But when people attracts to gambling because they wants to makes money, they will not have a big chance to wins even if they are rich people. So when poor people wants to make money from gambling because they thinks that gambling can solve the poverty matters, that will be wrong mindset. They will difficult to win and only waste their money and makes them left without any money anymore.

We must know that to solve poverty, we needs to search for the source of income such as work so we can have a chance to earn money. We also needs to know how to manages our money properly so we can use that to improve our life from creating a new business or do other things that can helps us to earn more money.

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Quote from: I_Anime on October 27, 2024, 11:56:10 AM

That's a nice way to approach gambling, by not going beyond your budget. Because that act most time do initiate addiction which is normally cause by greed of wanting more because some people want more that's why they usually go beyond their budget. Because they believe the higher their stake then more profit they can get , which is usually the wrong mindset, because those kind folks are not playing for fun rather for the money they can win .

Whether one is player for fun or for profit sake alone, they need to know that gambling has to be practice in the right responsible approach which is going to prevent losing money unnecessarily and also prevent addiction. Those two fact scuh as addiction and irresponsible gambling habits is what can make the person to become poor and can never experience financial growth because they are spending everything they have in gambling.

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Quote from: Jody.Drummer on October 29, 2024, 09:53:34 PM

Quote from: bitLeap on October 29, 2024, 08:38:24 AM

One thing we forget is that gambling has been around for a long time, whether it is banned or not, people cannot be prevented from gambling. I mean gambling is about personality and will always involve personal decisions. Even though many countries have banned gambling, provided education and so on, it does not stop someone from accessing gambling. Unless you live in North Korea with full control, then the level of eradication of gambling will be easy to do, both from the lower and upper levels of society to the upper levels of society.

Indeed, gambling is now almost like a common thing in society, the number of people who do this gambling makes gambling something that is no longer strange even though gambling is prohibited in a country but there are still many people who do it like in my country, even though gambling is prohibited because it is against the law but there are many people who do it, some even do it openly in public and some do it live on social media, precisely on their personal accounts. In addition, I see some people who do provide sites or links that they promote even though as far as I know they are not casino workers themselves, I don't know what they do but this exists and I often encounter it. Even though previously there were cases where several people were arrested for promoting their sites or casinos openly on their personal accounts.

Nowadays gambling has become very easy and you can gamble online with your cell phone whenever you want and government restrictions will not work as much as people get easy solutions to bet as they like. People from different countries tend to play more in groups than physical gambling or going to a casino, which strengthens their social bonds and can be more beneficial than gambling at home. People from country to country have taken themselves out of the mainstream of gambling and online gambling has become increasingly popular and I haven't seen much of an impact in the context of government bans and gambling in my country but if the government restricts online gambling and physical casinos or gambling boards to one platform can bring but can expect huge taxes.

Blowon

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If the government cares, then government revenue will decrease, this will have a chain effect, and has positive and negative sides, maybe the government has chosen the best option for them even though unilaterally they ignore their people a little.

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Quote from: Fredomago on October 27, 2024, 12:29:13 PM

Knowing how to manage your money is the best counter in terms of taking any risk,

Yes, and for that we must be clear about what we are Looking for , it is not the same to be in a market and go with everything and lose, than to go only with what we should and can so as not to affect our daily life, if we go with everything and put all the hopes in an Investment and if it does not happen quickly then obviously we would be Losing , if that happens it is one of the worst management that we as humans thought we would do, it is not the right thing to do, that is why we Should be very careful with our finances , always consider every detail , and the money in a casino or Exchange is everything, it is the only thing that Matters.

Jody.Drummer

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Quote from: bitLeap on October 29, 2024, 08:38:24 AM

One thing we forget is that gambling has been around for a long time, whether it is banned or not, people cannot be prevented from gambling. I mean gambling is about personality and will always involve personal decisions. Even though many countries have banned gambling, provided education and so on, it does not stop someone from accessing gambling. Unless you live in North Korea with full control, then the level of eradication of gambling will be easy to do, both from the lower and upper levels of society to the upper levels of society.

Indeed, gambling is now almost like a common thing in society, the number of people who do this gambling makes gambling something that is no longer strange even though gambling is prohibited in a country but there are still many people who do it like in my country, even though gambling is prohibited because it is against the law but there are many people who do it, some even do it openly in public and some do it live on social media, precisely on their personal accounts. In addition, I see some people who do provide sites or links that they promote even though as far as I know they are not casino workers themselves, I don't know what they do but this exists and I often encounter it. Even though previously there were cases where several people were arrested for promoting their sites or casinos openly on their personal accounts.

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Quote from: jossiel on October 29, 2024, 03:15:58 PM

That's right.

Those that have true to life stories that they came from money but because of being addicted to gambling, they have lost it all.

It's about the emotion that they have contained while gambling and that's how they have went from being wealthy to poor.

Whilst the other side think that they'll be out of the poor threshold with the help of gambling but it's not goin' to happen to the majority.

Actually, gambling itself will not make us poor or bankrupt if we gamble healthily, such as with the limits set by not having behavior that leads us to gamble excessively, because in any case the main mistake lies with each individual themselves who do determine in the future if someone gambles excessively then the impact and risk are certain to happen, but if we ourselves have limits everything will be safe and under control.

In addition, what you said about emotions is also true, many players forget their limits because they experience emotions when gambling and nothing else usually happens because they cannot accept the defeat that occurs.

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Quote from: bisdak40 on October 28, 2024, 09:28:59 PM

The downside is that a gambler often isn’t satisfied with small winnings. Even if he starts off winning, it’s never enough for him. He continues to gamble until he loses his initial winnings and ultimately all his capital for the day. I’ve seen this happen with a friend who is this type of gambler.

Many gamblers have actually lost their funds as a result of this greedy attitude. The inability to appreciate little wins have greatly contributed to the reason why many gamblers have lost their money and gains into gambling. This attitude have degenerate to worse cases which could even lead to addiction and depression in the lives of gamblers. Whether gambling is a short cut to poverty or not is strongly determined by the level of greed or generosity of the gambler involved.

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Quote from: Dewi Aries on October 29, 2024, 04:53:56 AM

Quote from: bisdak40 on October 28, 2024, 09:28:59 PM

Quote from: Fredomago on October 28, 2024, 11:38:47 AM

Yup, thinking about that they can easily duplicate their previous wins may keep them playing, in hope that luck wil permits them and will give that chance to recover but most of the time if not in every case or scenario they will just keep adding money and lead them losing their money to the point that they already struggled with their finances. It's a quick way lose it all of you don't know how to control and balance your money.

The downside is that a gambler often isn’t satisfied with small winnings. Even if he starts off winning, it’s never enough for him. He continues to gamble until he loses his initial winnings and ultimately all his capital for the day. I’ve seen this happen with a friend who is this type of gambler.

Yes it is greed and most gamblers always find it difficult to ignore greed in their minds especially when they have managed to achieve a number of wins, as you said that often they are not satisfied with the amount of winnings they get so instead of cashing it out they continue and chase a larger amount of winnings which in the end often leads a gambler to significant regret when the amount of winnings they previously managed to get is lost again because of the luck that has been lost.

Therefore, this is why a gambler must know, understand and realize what and how gambling really is, because when you realize a fact that defeat will always be part of the game and also understand that previous wins cannot be used as a guarantee for the next win, then it is unlikely for you to apply greed.

Without realizing things in the early stage you are compromising your finances, as time goes by and you'll keep repeating that same mistakes you'll find yourself empty-handed, most gamblers regrets those failure those wrong decisions that they've made , especially the time that they've got the opportunity to quit while still have decent amount of profits,

though just the same it's greed inside that needed to be well taken care so you'll not going to regret each decision that you made, more on your own limits and Money management.

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Quote from: junder on October 28, 2024, 10:04:59 PM

Quote from: jossiel on October 28, 2024, 05:47:53 PM

Quote from: alani123 on October 28, 2024, 01:40:55 PM

I kinda agree to this sentiment but from the people that have built up some sort of wealth, it's unlikely they would lose everything.

We can't be sure.

I have watched and read stories about those that came from wealth and then due to being a gambling addict, they've lost almost everything.

But it's true that those that are living with poverty will make themselves stay there due to this mindset.

Even though rich people who have a lot of money or abundant assets, poverty can happen if they are trapped in gambling addiction, especially with the wrong mindset such as being able to double their money in gambling or chasing victory, this mindset will most likely only make them experience themselves being more interested in gambling, it's not just a saying but I'm sure this has happened to some people out there, including in my own environment which did happen with initially having a lot of money, a house, a car but all that disappeared when he was addicted to gambling. The statement about gambling being a shortcut to poverty is a reality but this applies to people who do consider gambling as a way to get rich quick or a way to get money. Because for those who consider it just entertainment, in my opinion, they will not gamble excessively which can make them suffer big losses or become poor.

That's right.

Those that have true to life stories that they came from money but because of being addicted to gambling, they have lost it all.

It's about the emotion that they have contained while gambling and that's how they have went from being wealthy to poor.

Whilst the other side think that they'll be out of the poor threshold with the help of gambling but it's not goin' to happen to the majority.

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Quote from: zuzie on October 29, 2024, 10:03:40 AM

Quote from: HelliumZ on October 29, 2024, 09:07:47 AM

Quote from: tvplus006 on October 27, 2024, 06:41:59 PM

Where there is such an opportunity to quickly make a big profit, there will definitely be someone who will neglect the risks for the sake of the goal. But as we know, not everyone can hit a jackpot, most lose not only their savings, but also the savings of the whole family.

Where there is potential for big profits, there must be big risks. It won't take long for you to go from rich to poor if you're the jackpot they want in gambling. There are many gamblers in reality who have bet away many times hoping to win the jackpot but have not hit the jackpot. Jackpots are not really for everyone who are lucky enough to win the jackpot and in reality the number of such lucky gamblers is very small.

Yes, I totally agree with this, where there will be big profits, there will definitely be big risks too, so as gamblers we must understand well about such perceptions because it is impossible for us to get profits continuously, there will definitely be a time gap that may take a long time, what is meant is that as a gambler, luck in getting a win is not easy, even though you have tried your best, the dealer still determines.
Yes, you are right, as gamblers we can only hope and hope to get a win and the comparison is that only a few will win in the gambling.

On the moment that you do step your foot into the field of gambling or betting then you should really be that already aware on the potential risks that you might be able to encounter or simply these are inevitable things on which people are really that too careless on making up such decisions on which instead on setting out risks management, they do rather tolerate out that greed inside on which they do really ends up on
being that impulsive gambling on which this really causes up for someones life to becomes messy because they arent really that careful on the things that they've been dealing into.
Gambling is indeed the shortcut to poverty on the moment that you do have that kind of greedy approach towards it. If you wont really be that careful then you would be ending up on having a messy life.

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Quote from: HelliumZ on October 29, 2024, 09:07:47 AM

Quote from: tvplus006 on October 27, 2024, 06:41:59 PM

Where there is such an opportunity to quickly make a big profit, there will definitely be someone who will neglect the risks for the sake of the goal. But as we know, not everyone can hit a jackpot, most lose not only their savings, but also the savings of the whole family.

Where there is potential for big profits, there must be big risks. It won't take long for you to go from rich to poor if you're the jackpot they want in gambling. There are many gamblers in reality who have bet away many times hoping to win the jackpot but have not hit the jackpot. Jackpots are not really for everyone who are lucky enough to win the jackpot and in reality the number of such lucky gamblers is very small.

Yes, I totally agree with this, where there will be big profits, there will definitely be big risks too, so as gamblers we must understand well about such perceptions because it is impossible for us to get profits continuously, there will definitely be a time gap that may take a long time, what is meant is that as a gambler, luck in getting a win is not easy, even though you have tried your best, the dealer still determines.
Yes, you are right, as gamblers we can only hope and hope to get a win and the comparison is that only a few will win in the gambling.

Topic: Gambling is short cut to poverty - page 26. (Read 8606 times)