Topic: Gambling is short cut to poverty - page 28. (Read 6100 times)

I've come to observe that even those who win huge from gambling still end up investing most of the winnings back into gambling and some end up losing it all back to the casino right after winning. This is because of how they acquired the money, yeah I know it must have taken lots of money, time and consistency to have won huge, but whenever such money comes, it feels like free money because you don't remember all the money you've lost in the past anymore, and since it feels like free money, you may not be able to spend it how you would've spent the money you made from a job.

And since the money was gotten from gambling, the gambler may also see more possibilities of winning again, thereby reinvesting most of the money back there with hopes of securing more bigger wins.

Well, a good point, friend, I agree with that. And in my opinion the problem is in this matter where maybe from the beginning of the players or people who do gambling thinking or aware that the game they play is a lucky game only with results that tend not to be in accordance with their expectations that make the fact that this lucky game is ruled out Until what happens is that they continue to play excessively by ignoring that the risk of loss is greater than victory.
Although in gambling there are opportunities to be able to benefit, but indeed this is not something that can be used as one of our hopes, maybe more precisely we should only do it limited to the game with good benefits or loss that occurs then just accept it. Very vulnerable to addiction in my opinion if making or considers gambling become one of the side jobs or even sources of income.

Sports betting is very different than gambling games. People relying on gambling games to earn an income from them are doing it wrong because it's technically not possible for someone to be earning a constant income from gambling games considering the fact that the results are completely influenced by luck and a person can't possibly be lucky all the time. You may win $50 today but you can lose $100 tomorrow, so the $50 you won yesterday won't count anymore since you are at a loss of $50 today.

When it comes to sports betting, it is something that you can do if you have a lot of knowledge and experience about a specific sport or multiple sports and have also have experience about the game yourself and you understand how things basically work. You can't make money from sports betting either if you are making guesses without having proper knowledge.

That's true gambling hardly make one rich but it can easily ruins one lives , but it all depends on the approach though . Have heard of scenarios whereby gambling change some folks lives for the better but it rarely happens though , because no matter how most people claim to be careful when they are gambling, there's always a time they would go against their principles and endup with a massive loss especially when greed is involved. 

So changing the mindset or mentality of getting rich quick through gambling would only put you in a safer side .

A must thing to think off but people will really be only doing that on the time or moment that gambling did make out so much damage into their finances. We do know that
people will really be always having that kind of delusional approach on things on which they do really that believe that they could be able to make their lives better when it comes to
finances on the moment that they will really be dealing up with gambling on which they dont really have that kind of thinking on why they would really be doing that on something
which is really that too risky to deal on with? You are really just that basically trying out to make yourself having such huge problem if you would really be having such approach.

No controversy here, gambling is very risky and it can be a disaster if anyone believes their success will come from it. I don't like it when I see people linking riches with gambling the way you placed it here because, if you search wide and near, you would realise that those who become rich through gambling are negligible compared to those who have bitter experiences with it. So, if out of 100 million people, just 50 become rich in gambling, how encouraging is that? We should tell ourselves the truth, no one should knock on the door of gambling with the mindset of being rich but to hope for luck. With this mindset, gambling can bless us at times, but it should be what we didn't expect and not what we believe will improve our financial status.

As a matter of fact, I think anyone gambling should always have the mind set that what they are playing is a game of luck and not some sort of investment that can guarantee a certain cool APY. Gambling is not a side hustle and not also a source of income. Just last week, I lost more than $20 in different bets which among all my bets last week, I didn't even win any one. So, does it mean if I took it as a side hustle or source of income, I will even be disappointed as well, but I don't.

If we use the downturn experienced by most gamblers as a benchmark for drawing conclusions about whether gambling is a profitable activity or not, then I think it is clear as you believe OP that gambling is a way or intermediary that can be used by someone to spend all their money in a short period of time, there is no benefit from gambling if we talk about winning, or what I mean is that no one will ever be able to make gambling a place to make money, especially in casino games.

The only benefit that can be given from gambling is the entertainment aspect and not about money, so that's why we always recommend only gambling with a little money because losing will always be a certainty and there is no guarantee or certainty that you will always be able to win. So the point is if you don't want to experience a lot of financial and psychological problems, then never make the chance of winning a top priority.

Gambling rarely makes people rich but is considered a shortcut to making most people poor. If a family has a father who is a gambler as a guardian, then the family never prospers because if a father participates in gambling with what he gets as salary, then how will the family spend the rest of the month. Most of the families face bad situation mainly due to gambling. Children of gambling families do not get good opportunities for education. The gambling family does not want to be supported by various social assistances. Hence a gambling family never returns to prosperity and gradually becomes poorer and eventually becomes completely bankrupt.

Governments cannot control how people spend their money in a country, that must be the decision of individuals that works for their money. Addiction is not limited to gambling alone, there are sex, alcohol, drugs, food and even social media addicts, if people allow what they do to control them it becomes addiction. Gambling is not a shortcut to riches but it can be a shortcut to poverty if the gambler doesn't practice responsible gambling. I believe that gambling is not for everybody, it's mainly for people that wants to have fun by taking small risks with the amount that they can afford to loose. If you understand the fundamentals of gambling you'll never be addicted. Have a budget for gambling and be disciplined not to exceed the amount, never chase loses and never over gamble when you're winning.

Of course gambling activity can cause not only poverty but extreme poverty, we are talking about an activity thats capable of turning individual into addicts, which means such individuals are liable to do anything to quech their  gambling urge, so there is possibility of addicted individuals selling off anything they have and even borrowing more to gamble, this is more reason why it is advisable for people to really understand gambling before going into it, though am not against gambling but am against addiction, its not always easy to know when someone is going the lane of adiction but I believe if you are someone who is discipline, it is very much possible that you can resist addiction because you will be able to control yourself once you notice that you are going too extreme in your gambling habit.

It is really a problem for the world population, most gamblers always think about winning failing to admit the facts that are inevitable which is loss and this makes them to concentrate on seeing all their gambling session as an opportunity to win thereby neglecting the fact.
Its better for every gambler to learn the habit of gambling with the amount they can afford to lose though it should not be done all the time, one of the major reason why gamblers go broke and become poor is as a result of consistently chasing loss, this leads to severe consequences which is not too good for gamblers.

"No guarantee." You are correct with that.
It's the very reason why a less fortunate person should not even start gambling. It's not a place where you can make money out of hard work, it's a place where we also risk our own money to make more or lose more.
Considering the state of living is an important factor before a person will gamble. Thinking twice about the risk that is glued to gambling and then analyzing if it's even right to do it or just save the money for something else. Investment or just a simple savings. If a person doesn't even have spare money to gamble, don't even think about doing it. It can become a financial chaos.

Many people that have been gambling for the money are those that have had some financial challenges and see gambling as an alternative to make extra bucks to take care of their needs. It is not that gambling is for those that are broke or are in pennury.
We still have big men in gambling that are into it to enjoy themselves and prove to their friends that they are also a good gamblers.
Gambling is actually fun when you are rich like someone that is broke and seeing gambling as a means of making profits so they can take care of their needs.

The fact that gambling is a path to poverty for many does not negate the fact that gambling is a chance for some units. Another question is how these lucky few will be able to use this chance. And now it depends not on gambling itself, but on the personality of the player. In general, of course, cases of unexpected wealth that has been used wisely are extremely rare. And if so, then it really turns out that gambling, even for the lucky ones, is ultimately the path to poverty. But the problem is not gambling, but the players.

Yes, at least if gambling is a tool for us to find fun activities and will make our hearts happy, of course it is allowed, but there also needs to be restrictions in terms of controlling gambling so as not to be excessive in running it.

It is true what you said, people who fall into poverty are caused by being too excessive in gambling because they draw the wrong conclusion or hope too high for the luck of victory in it so that they play a lot without proper control so that they play as they please without any proper betting limits. And of course the result is that they will lose a lot of money that is bet compared to their luck.

Gambling can lead to poverty. This issue represents a significant challenge for society. When individuals engage in gambling despite lacking the financial means to absorb potential losses, it reinforces the cycle of poverty. The impoverished are experiencing a deepening of their financial struggles. The consequences of gambling are particularly devastating, leaving significant harm in its path, especially for individuals who are already economically disadvantaged.

I don't completely agree with you on the concepts of the thread that says gambling is short cut to poverty, don't be in a hurry to forget that in gambling while others might be losing others too will be losing hence saying that gambling is a short cut to poverty is totally not acceptable by me, there are those who came in to gambling and their early day they became luck enough to hit a jackpot winning that completely change their life as they used too money to start up business, though nit everyone can so lucky, but yeah in a more serious note gambling has also destroyed a man's wealth and this can only occur when there is an addiction and irresponsible gambling act.

Gambling can be indeed a short cut out of poverty but it is not guaranteed and the risks are way too high for anyone to actually consider gambling just to get out of poverty. Some people dream of winning the lottery and getting rich but the chances are too low and if you only depend on gambling to make money then that is where it can get problematic. But if you only gamble once in a while when you have extra money then you won’t end up with too much losses and frustration.

Gambling is definitely a short cut to poverty there's no doubt about it. Gambling has become a vice to the society due to how disastrous it has been the lives of a lot of people around the world. This is something that's supposed to be done to have fun but overtime people have gotten obsessed with it trying to make it a way out of their financial hardship but instead it just takes the little they have making their financial state worse. Gambling cannot make you rich, the chances of making millions from it are very low so don't get obsessed with it.

And because of that, the government regulates gambling, some allow gambling but some actually prohibit it because they are worried that the effects of gambling on their citizens can be bad. And in the gambling regulations carried out by the government, they supervise so that gambling operators do not cross the line by setting the winning rate too low or other fraudulent practices that are detrimental to people. Furthermore, the gambling industry has long been operating and has become a means of entertainment for the community, what needs to be emphasized is how the correct regulation and education related to gambling to people so that it does not cause serious problems.