Gambling is short cut to poverty - page 35.

Poker Player

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In this case I have to say that according to my experience it is true only in part. In skill games there is a small percentage of players who earn money in the long term, that is to say that for us it is not, and many times it is the entrance to better things like other investments or other projects. Then I know quite a few people who gamble, being long-term losers but in a way that does not negatively affect their finances. And then it is true that for a percentage that I do not dare to quantify what makes their already bad economic situation worse. I would say that the combination of gambling, poor education in general and financial education in particular, and impulsivity are a disaster in this regard.

Quote from: goldkingcoiner on October 07, 2024, 11:30:51 AM

Any addiction is a short cut to poverty and gambling is unfortunately no exception, even though unlike with say, a drug addiction, gambling does market itself as a "chance to leave with more money than when you came into the casino.

I think the difference is that gambling is much more dangerous financially. $10K of cocaine is many grams of cocaine, and of heroin even more. No matter how addicted you are, you won't finish it in a night or a week. With gambling, on the other hand, you can lose it in a flash.

goldkingcoiner

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Any addiction is a short cut to poverty and gambling is unfortunately no exception, even though unlike with say, a drug addiction, gambling does market itself as a "chance to leave with more money than when you came into the casino.

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Quote from: Odusko on October 07, 2024, 10:28:24 AM

First thing first, you have to know that gambling is more of loses and winning and this is why it is called a risky game and even some government taking a stand against it, in some quarters, the best for anyone is to always check to know that you are not gambling out of control because what causes most people to lose most is when you allow you emotions to control the feelings, so for sure we should agree to that fact that gambling is not about making the money from the winning at all costs.

Gambler's also should be able to know when to quite and when to gamble more and for some reason should not be gambling more than expected because if because of a few winning you go ahead to gamble more than what you can contain, it will result into crisis when you have lose all the money money and unable to gamble because you have no balance left, so even the government is against such manner of gambling and that is why some countries ban gambling outrightly to avoid such a incident from happening since it is all expected that when you gamble you lose more than you win and at that you should gamble with a Little amount of money if you'd don't want to run into bankruptcy and poverty.

Maybe, you mean to say, when to "quit". That is true, because if you will not stop and chase your losses, you will likely lose all your bankroll in the process. I believe most gamblers have such kind of experience as they traverse this journey of gambling. If you want to contain your gambling activities, better set aside your funds for gambling. And once depleted, don't continue your gambling even if you want to. Go back when you already have enough money for your next session. Otherwise, you will suffer the bad consequences of gambling and regret later on for what you have done owed to gambling.

Odusko

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First thing first, you have to know that gambling is more of loses and winning and this is why it is called a risky game and even some government taking a stand against it, in some quarters, the best for anyone is to always check to know that you are not gambling out of control because what causes most people to lose most is when you allow you emotions to control the feelings, so for sure we should agree to that fact that gambling is not about making the money from the winning at all costs.

Gambler's also should be able to know when to quite and when to gamble more and for some reason should not be gambling more than expected because if because of a few winning you go ahead to gamble more than what you can contain, it will result into crisis when you have lose all the money money and unable to gamble because you have no balance left, so even the government is against such manner of gambling and that is why some countries ban gambling outrightly to avoid such a incident from happening since it is all expected that when you gamble you lose more than you win and at that you should gamble with a Little amount of money if you'd don't want to run into bankruptcy and poverty.

uneng

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

Governments have been trying to do this really hard since a long time ago, but such measures have never got rid of gambling practice, neither improved life quality of the population. Actually, governments are the least ones to have morals to say anything against gambling industry, because they are the main pool of abuses, corruption and manipulation against their citizens.

Governments just want to protect you from losing money to gambling, so you will save more money to contribute with the government itself later.

Life isn't plain and simple. Besides learning how to defend yourself against gambling temptations, you also have to learn how to defend yourself against the government and every other threats around, even the ones which look sweet and kind at first glance.

Education, intuition and experience are important. But in order to absorb such learnships we have to be attentive and awaken individuals.

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Quote from: Haunebu on October 07, 2024, 07:46:52 AM

Not necessarily op. Gambling is viewed as a fun activity by many gamblers including me across the world where fun is the priority(Not money). Also, some gamblers do actually end up earning profits of varying margins when trying to earn money.

However, most people do end up in losses which in fact gets them closer to poverty when money is the priority. This is an accurate perspective of gambling basically.

There are actually a lot of gamblers who find gambling as a leisure and fun, rather than seeing it as a way to poverty. However, if you set your mindset that you can be a millionaire in gambling, that’s where you will find yourself more stuck in losses until you closely see yourself down to poverty. So never stick to that but think more likely as a responsible one. Gamble just because you want to have fun, but never gamble in search for instant gains and quick rich income.

seoincorporation

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

The problem with this point, is how gambling goes beyond the countries because nowadays anyone can gamble online, it doesn't matter where you are, you can always gamble on a casino that has a curacao license and that would be legit. Only some countries like USA don't allow curacao gambling, but you can gamble on casinos that have a USA licence. So, this is not a topic that the local government can do something about, even if they make it illegal people will keep gambling.

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

Many gambling site already have this option the only thing that I know we can do is to educate people that don’t know how to manage their bankroll is to try and use that feature so that they won’t end up spending more than they can afford to lose because they weren’t paying attention to their financial stats.

The government is not going to control anything, tell me any activity out there that the government has made a law to prevent the citizens from putting too much money into? Gambling is not the only thing that has the potential of making some lose their money there are hundreds more way that it can happen but still have you heard anything about the government concerning it?

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

With gambling gaining awareness each day and the population of those gambling increasing it's calls for concern as many has fallen victim to this money sucking game that makes people not to save their money but loss it.
But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.
Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

I often say this, that very many people go bankrupt because of gambling because they are looking for money by gambling, or chasing losses that they cannot lose in gambling, this is like a stagnant circle if the mindset is looking for money in gambling, I also often say that winning money in gambling is as a bonus for you from looking for fun in betting.
But yes we cannot discriminate against people who think like that, because that is their right, but before talking that far, the risks of gambling should have been understood before gambling.

Marvell1

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After all, we should not blame gambling or anything else for losing money and becoming poor. If we are lazy, greedy, just want to get rich quick and don't want to work hard. Even if gambling did not exist, we would still turn to other games or projects that promise quick riches. The reason we are poor is because we cannot control our greed, do not blame gambling or projects that make us lose money but blame ourselves.

Gambling has a bad reputation because of human behavior, we ourselves have abused it and made it ugly in society. If we are conscious and only use it for entertainment or play in moderation, no one will have to fall into poverty because of gambling. I am not defending anyone but it is clear that our behavior and greed leads us to poverty not gambling or shitcoins...

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.

Gambling wasn’t created to make people successful, that’s just what most people don’t really understand. Most people are gambling just because they want to make money from gambling, and that’s where most people are getting it wrong. If you have the mindset of making money from gambling, then you might end up losing most of your money. We are supposed to take gambling as a form of entertainment, whenever you are alone or bored, you can just decide to gamble, and the amount won can be used for anything we want.

People that gamble for the sake of fun will always control their gambling behavior, but people that are desperate looking for money do end up getting addicted to gambling. Most people that goes broke, and sell their properties just because they want to keep on gambling are the people that desperately looking for money from gambling.

Haunebu

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Not necessarily op. Gambling is viewed as a fun activity by many gamblers including me across the world where fun is the priority(Not money). Also, some gamblers do actually end up earning profits of varying margins when trying to earn money.

However, most people do end up in losses which in fact gets them closer to poverty when money is the priority. This is an accurate perspective of gambling basically.

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Quote from: Fivestar4everMVP on October 07, 2024, 06:42:48 AM

Who ever is gambling decided on his or her own to gamble, and the outcome he also will bear, be it good or bad, and just incase the outcome is bad, the person can't blame gambling, he can blame only himself, for there are rules one must abide to to ensure responsible gambling, such rules many often ignore in their greed to win big amount of money, and this is why some people end broke as a result of gambling.

That's just it. The fact that some people are responsible gamblers proves that anyone can also become a responsible gambler if they really want to but the problem is that some persons just allow their self to become addicted, after which they can no longer make good use of their money apart from using it to gamble.

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

With gambling gaining awareness each day and the population of those gambling increasing it's calls for concern as many has fallen victim to this money sucking game that makes people not to save their money but loss it.
But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.
Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

As for me, government can't control gambling habit or amount because it is an individual choice. And it will also affect the casino company because they are looking for money. And all what a gambler should do is to control himself not to be addicted to gambling. And gambling is not something someone would tell his younger ones about it that it is worth Playing.
We thank God that online gambling is everywhere, so you can just login to the app or site and gamble and leave. And why gambling is gaining more awareness is because there ads are everywhere and plus the campaigns in this forum.

Fivestar4everMVP

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Quote from: Dr.Bitcoin_Strange on October 07, 2024, 06:22:44 AM

Quote from: uche6215 on October 06, 2024, 05:50:36 PM

Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

You are right but it can only because reality if the gambler allows it. We usually say that gambling is for fun despite the fact that so many gamblers are not only gambling for fun but also for profit, there are many people gambling for profit but yet they are responsible gamblers who are only risking the amount they can afford the lose.

Those people that exhibit irresponsible gambling lifestyles are people that can become deeply poor because of their compulsive gambling attitudes.

Very well said bud, it is common sense to know that whatever be the state of a man financially, be it positive or negative, it is absolutely his fault and he can not blame nothing else other than himself..
Gambling is not a human being, it's not a virus, even virus can't be contacted without the person taking some actions. Gambling is just an activity of which people voluntarily participate in it on their own, never have I heard that a casino forced anyone to gamble, and never also have I heard that anyone was forced to place bet at gun point.

Who ever is gambling decided on his or her own to gamble, and the outcome he also will bear, be it good or bad, and just incase the outcome is bad, the person can't blame gambling, he can blame only himself, for there are rules one must abide to to ensure responsible gambling, such rules many often ignore in their greed to win big amount of money, and this is why some people end broke as a result of gambling.

Dr.Bitcoin_Strange

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

You are right but it can only because reality if the gambler allows it. We usually say that gambling is for fun despite the fact that so many gamblers are not only gambling for fun but also for profit, there are many people gambling for profit but yet they are responsible gamblers who are only risking the amount they can afford the lose.

Those people that exhibit irresponsible gambling lifestyles are people that can become deeply poor because of their compulsive gambling attitudes.

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

With gambling gaining awareness each day and the population of those gambling increasing it's calls for concern as many has fallen victim to this money sucking game that makes people not to save their money but loss it.
But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.
Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

There are reasons why it is always written 18 plus(+), there is an assumption that at 18+ one can be able to take responsibilities for his or her actions, but yeah hardly do people hit a jack of winning, there is nothing wrong introducing gambling to someone alone side with it's risk awareness, self control and discipline has a major role to play as regards to maintaining and sustaining a responsible gambling behaviors, given gambling such much time can lead to mental disorder and emotional devastation because there are lots of uncertainty in the space that one needs to be aware of, gamble for fun and with an amount that you can afford to lose.

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

..., I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

There are a couple of problems with that approach though.
Firstly, even if gaming gets completely regulated and controlled by the government, so people can only gamble a limited amount of money in casinos and betting houses, those who desire to continue to wager money will opt to continue to gambler their money in the black market or in an underground economy, in which their money/access to gambling is not controlled by the government. The second problem would be about the collision between the power of the government and the right of each individual to do whatever they desire to the money they have earned through their hard work at their respective job positions.

In the case of the United States, it would be very difficult to pass a law which would involve the government controling access to gambling for adults.

Though, I agree with you that gambling can bring terrible consequences if the person partaking in gambling does not have enough self-control and awareness of their actions.

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Quote from: TribalBob on October 07, 2024, 04:06:59 AM

Quote from: davis196 on October 07, 2024, 02:01:16 AM

Wait, isn't gambling controlled by the government in most countries around the world? Apparently, the current level of control and regulation doesn't work.

It is true that the level of control and regulation is not running well, people can still access prohibited platforms by using VPN, so there will still be people gambling, in this case the government must work hard to really control it fully,

And why should the government control where and how we spend our money? That's freedom, being able to do what we want with our money.

No one forces anyone to gamble, that drive comes from within. People should not expect someone else to take care of them, it is our job in the first place, to take care of ourselves. It's something we learn all our lives, to control our impulses and know what our limits are.

What governments need to do is to regulate casinos and the way they operate... to allow fair games and not cheat people. That should be their job, not controlling what we can or cannot do with our own money.

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Quote from: uche6215 on October 06, 2024, 05:50:36 PM

With gambling gaining awareness each day and the population of those gambling increasing it's calls for concern as many has fallen victim to this money sucking game that makes people not to save their money but loss it.
But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.
Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

Since government cannot control how much liquor you drink or the number of cigarettes that you snoke, there is nothing the government can do to control how much gamblers spend on gambling because it is beyond their powers and they don't care if casinos keeps to government regulations.

Money is first thing the government is after and whoever is doing business and is able to pay the government fat, they close their eyes on whatever harm such business will cause to the society. It is only you that can advise yourself to stay away from gambling or you gamble with the amount of money that you can afford to lose, so that you don't end up in frustration and put the blame on gamble.

Topic: Gambling is short cut to poverty - page 35. (Read 6106 times)