Topic: Gambling is short cut to poverty - page 3. (Read 7140 times)

Those who are trapped in poverty often make gambling an outlet, and it is even undeniable if they have ambition and obsession to be able to change their standard of living with gambling, when in fact they also know that the risk of gambling is actually very large and can make them poorer, we cannot deny that those who are rich are smarter in managing finances and also often think more realistically in achieving wealth with way of investment compared to gambling so far, maybe gambling can be entertainment for some of us, but still we have to do it wisely and responsibly.

You’re right and we never mentioned or tagged gambling as a bad or evil activity, while some people gamblers meet their doom in gambling due to their irresponsible gambling behaviour, there are also those who are happy with their gambling habits, as they get the chance to have fun while at it and still make some good money from it sometimes when luck is on their side. How gambling influences a person is determined by their attitude and perspective of gambling, and I’m sure those who believe or term gambling to be bad are those who gamble without following the rules and those who knows absolutely nothing about gambling but have seen or heard about its negative impact on irresponsible gamblers.

Yes not all gamblers are poor or born into poverty, but sometimes you should know that having the capacity to manage huge funds has nothing to do with your financial background, the fact one was born with a silver spoon doesn’t mean he’ll magically know how to manage huge amounts when they see them, yes they could still misuse and squander it without doing anything meaningful with it.

Well, people like that are people who have the wrong mindset in responding to gambling, and people like this are more appropriate to say that gambling is a shortcut to poverty, because in my opinion for those who gamble with the right response such as thinking that it is just entertainment and nothing more, then they will not experience losses and they will not put high hopes in gambling because they know that in gambling, winning is very difficult to get, especially with big profits.
When someone has responded wrongly to gambling from the start, then in the future they will also experience difficulties, besides that I am sure that when they are addicted, it will be difficult to recover if they still think about winning in gambling.

Habit of people out there when they have large amount of money from winning gambling, they feel that they will never run out of money even though they have spent it on various desires that previously could never be fulfilled, they also feel that getting money is so easy that they think that if money starts to run out they can gamble again.
Everything will depend on the mindset of each individual, people with clear mindset will certainly be able to manage everything well and even prioritize being able to get long-term benefits so that they can have much better survival until old age, but unfortunately some people only care about momentary pleasure.

In fact, in this world, there are many poor people who gamble and they are ambitious to get rich quickly. The bonuses given to the winners are indeed not playing around if someone is lucky in their game, therefore many poor gamblers are tempted by big wins. In fact, I rarely see rich people gambling to get richer because most of them use gambling for entertainment, so the conclusion is that anyone should not use gambling to get rich quickly because gambling is not a place to invest.

What's the lesson? Always be ready if you manage to win millions in gambling. Always be ready to budget your winnings just in case you won a huge amount.

I agree with what you said that most gamblers are gambling in order to win, but they don't even know how to manage their winnings when luck comes to them, and instead of putting those money into good things, they either gamble it even more hoping to win more money, or spending it on things that they don't really want or worse, spending it on drugs, women, etc. In the end, it's a waste of money. If you lose, you wasted your money, and if you win, you can still waste your money through spending it into things you don't need.

I guess a bit of knowledge about financial management would help these gamblers at least a little so that they know how they will use the money that they won in a good way.

Not all gamblers happened to have sprang up from the ashes, some were born with a silver spoon but, could be met by some irresponsible gambling and eventually acquire poverty or a struggling life, addiction and survival.
Gambling inst exactly bad but , gamblers themselves are the ones that are bad.  This is in the sense that, people no longer follow gambling rules.

We have underage gamblers whom are well aware that they shouldn't gamble
We have those that gamble more than they can afford to lose,
We have those thatare irresponsible in their gambling habits and finance management.

Of course if you don't stick by these rules, you could be hurt.

the time now I want to let you know is that gambling is not a shortcut of poverty it is based on people who apply in gambling because if you don't know how to gamble you will gamble with whatever thing you have both your reserve or a conserve money and the one that meant for gambling for me I know the statistics that I apply in order to gamble I have a particular amount of money I spent for gambling and for me to spend such amount in gambling I make sure that it will not affect me in my serving and also in the one that they are used at home it is all yours that you need to have a particular money for everything if you are a working somebody if you are receiving at least 100 dollars what is supposed to do is that your gamble with $10 and reserve $10 for your transportation served $45 and use $35 for cedi so with all all this I think you can be able to have a deserved money when it's needed

I agree with you on this; going into gaming without the idea of getting out rich can only lead to one thing, which is losing everything you have to gambling while chasing that big win.


Anyone can gamble as long as they can afford that money, and it doesn't really mean they should be financially stable before they can gamble any amount, which can be spare for things that don't really matter, like your wants; it can also be spare for gambling. The amount to be spent should be based on the person's worth.


If such is to be considered, the amount to be spent on gambling on a daily basis won't be the same for everyone; it will be decided based on how much the person earns on a monthly basis or whichever way their earnings come, and it shouldn't be above 1-5% of their total earnings at the end of every month.

I totally agree with this…

You spit truth there.

These gamblers that don't have the capacity to hold and manage huge amounts are likely to go back to their former way of living.

So, even if they have won a hundred thousand, a million or any other huge amounts when they can't handle big amounts, they're likely to spend it carelessly and waste it all.

That's something most people don't understand, there's no quick path to wealth, whatever is gotten easily would go easily that's just how life is. This is why people that won millions from gambling still end up going back to square after a long time because they took an easy path. I sat down one day to analyze and calculate what I spent on gambling through out the year and also calculed what I won, I found out that I was the one that actually lost a huge amount of money. It might take a lot of time to realize that gambling is actually a losing game.

Yup I agree with this one and it means the biggest mistake of gamblers is when they use gambling as a medium to overcome problems they are having outside of entertainment such as financial problems, most of the gamblers who are now experiencing the bad impacts are those who come by prioritizing money as the main goal and I think the reason is clear that behind the scenes they are having problems with their finances such as those who have low incomes or those who are in debt for example, so I quite agree with your opinion that the majority of problem gamblers are those who associate gambling with their personal financial problems.

A persons choice on whether or not to gamble is theirs and theirs alone, the poor should not go into gambling as a means to make it big, such an obsession can be blinding, leading to the person loosing everything thing they have.
A person should only gamble if they are financially stable, and can afford to loose the money, it a risk and there are thrills that come with risks, it should never be your final resort for money.
when you say the government should control the amount a person spends on gambling, is that like their daily spending on gambling or what they should spend in their lifetime?? Because if it's daily, people will still go broke over it.
The issue should be that if a person cannot control how much they spend on gambling, then they should not gamble at all.

anyone can gamble, of course, but if you have more disposable income it'll fit you much better than if you don't
the problem is that it is exactly the most vulnerable people with low income that end up getting to gambling with the hope of making it, but with really little knowledge on managing risk and taking care of their own emotions...

it's a crazy world

Honestly, I still wonder why and how a gambler would think that he can actually make a sustainable income from gambling, I know there are people who make good money from gambling but if you check very well, these are often people that have lost even more to gambling, so calculating the losses and the wins, you’ll find out that the losses are way more than the wins. I know of someone who constantly visits the casino every day, and this fellow spends both time and money everyday in gambling, and one day, he managed to hit a big win of over $4k, this was his biggest win, and perhaps the biggest amount he’s seen all at once, for a person of his status, this amount was enough for him to set up something that’d give him the sustainable income he was looking for, but no, he got himself a second hand car for his personal use, and as of that time, this car was around 3k, and then he started using the money left to gamble and foot his bills, and in a matter of weeks, the whole money was gone and he was back to square one, the only difference was that he had a car. A car he couldn’t afford to fuel, and in no time, he sold the car, used some of the money to foot his bills and the rest, back to the casino, and then he was back to where he used to be.

A lot of people who are dreaming of making it big in gambling do not even have the ability and capacity to handle such big amount when it comes, and when/if it eventually does, they squander it and in a matter of time, they’re back to nothing. Gamblers should really learn to set realistic expectations when gambling as this is the major problem most gamblers face.

I think the poor should have no business with gambling but then the quest for money could make one to take certain risks without thinking twice about it, what am trying to say is that, gambling is for those can't stake what they're afford to lose and a poor person cannot be patient enough to stake little, the quest for money would make them stske heavily and regret later whereas many rich people knows what it is to go back to the trenches so they'll rather stake what they can afford to lose no matter how much it may seem. Gambling shouldn't be considered as an official means of money making that's why one have to partake in it with spare cash, some the person can easily let go without being all emotional and depressed, it's a game of luck anyways so why risk everything, that's something most poor people don't consider cause they're so desperate to take their chances and become rich regardless of the consequences.

I wouldn't say gambling is meant to be for the rich people, but I totally agree with the notion that poor people shouldn't gamble, that's for sure. Poor people when gamble they risk everything they have hoping to to win some big money, they don't think of gambling as entertainment, rather they think it can help them to make money. People who think like that shouldn't gamble at all.

I advice you engage with proper and adequate attention.It's very easy especially when using strength and gaming factors for average gamblers.You could gamble and still fail woefully irrespective of critical matters and sensitive working results.Its not everybody that stands a chance to replicate desired results too.

basically gambling is not meant for a poor people gambling is for the rich people and that is why they said that you should make use of your spare money to participate in gambling don't use the money for investment your money for Project to involve in gambling otherwise it will make you to lose or make you or make you not to achieve what you are supposed to achieve so the best method to participate in gambling is to make a plan for gambling for the specific amount that you use weekly or monthly so that such amount of money you want to spend will not affect your household that is the essence of having gambling statistics so that irrespective of amount you spend it will not affect your service and your monthly income

Poverty or rags to riches story shouldn't be a drive for gambling as such doesn't and may not happen all the time, infact it's one out of every many cases, sometimes it may take years to record such and even the person involved will be observed to have been probably doing something else and got that lucky, may not even be a skilled and experienced gambler so if you are gambling with that at the back of your mind, you may get to the point of even chasing losses actually so it's best to gamble without such expectations and hope, they way you get to have almost little to nothing to really bother about.