Topic: Gambling is short cut to poverty - page 36. (Read 6078 times)

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,

Gambling is already controlled by government by taxes and licenses. That is the only way government is allowed to control private business. Government can never tell which price to set and how much someone is able to spend on service or product.

Similar to saying that gambling "is a shortcut to poverty", I can say that it "is a shortcut to being rich" or "spending money is a path to poverty". Yet there is not shortcuts, long paths and difficulties. A person himself creates all his problems and builds his future without any help.

But the government can't ban any of those due to the huge tax the government are getting from the companies that produce the cigarettes, and not to even mention that even some of the government officials are smokers too.

Anyways, let me not deviate from the main topic of discussion here, it's just as you have said, there is no way the government can implement limitations on how much money people spend on gambling, because also, gambling casinos are paying taxes and license fees the government, and all this fees and many more are gotten from the profit the casino make from customers/gamblers.
So, the government limiting the amount of money gamblers spend on casinos will be them shooting themselves on the foot, since they may likely loose the money they are getting from casinos.

The government will not control the gamblers, they want control over the gambling businesses only because they can get money from them through tax.
Now, if you are a gambler, they won't give a damn if you get broke or not because it's your choice to risk your money. They do not even care anymore if underage people are coming in and out of gambling dens or cockpits because they know they will make more money when more gamblers are inside.

Now that the popularity of online gambling is very high, the government only wants to let them run as long as they have a license in their country and they are kicking out those who are not. It's very important that they can monitor it because of the money that they will pay. The question is where will the money go afterward? We have no clue about that, I guess we need to be a government official to dig that.

Can move over to a gambling discussion, probably better there.

Unless gambling suddenly becomes state-owned (or some central governance in gambling in general), limitations like money would probably be impossible to implement. At the end of the day, casinos are still businesses, they aim to profit, and asking those businesses to make their customers limit the money they can spend means asking the businesses themselves to cut the potential profit they could gain. It's similar to how alcohol/cigarettes never really had any "buying" limits (afaik anw). They only made warning signs about it much more apparent using their containers and such. It was either that or completely banning it after all.

Well in overall I do agree with your statement but there are bunch countries that basically get their wealth from the gambling lets say macau, Singapore, monaco and much more they do regulate gamble but I never heard that there is a country that have or regulate maximum money to bet.

Gambling is short cut to poverty is simple term it can but it totally high risk in the long word I would never recommended people to do gamble to as a shortcut to get out poverty or trying to get rich or something. Because like you have said gambling has made many people to go broke

As much as you are right, you are still wrong, and this is because winning or losing in gambling depends on several factors, which one of them is ones level of luck, and another important factor is how one approaches or goes about their gambling activities.

I have friends who have made it big from gambling, the same way I know others who were once rich but become poor due to their addiction to gambling and poor gambling decisions.

And speaking of the government taking over and regulating gambling to the extent of setting a maximum amount of money that can be spent on gambling, this i do not agree with, because the government already have more than enough power over the people, we can't afford to let them continue to have more and more power, because if we do, then a time will come when you won't be allowed to go out and see or visit a friend except the government permits you, you don't want that I believe.

All of that happens because of the stupidity of the gambler himself. it is not the fault of gambling that drains their savings or even their assets. the problem is why gamblers use their savings or money from selling their assets to gamble.
Gamblers like that are psychologically not ready to gamble. I know that might be part of a gambling addiction that every gambler can experience. but if you intentionally fall into the pit of gambling addiction, then the problem is not with the gambling. but the gambler himself has no control over what he does with his own hands.

You are not far from the truth here. Many people have moved into gambling for source of earnings and unfortunately, it is not suppose to be so. Gambling in the past was seen as an option or side fun that people do especially during the weekend after they are done with their weekly pay jobs from government or private establishment but those jobs are fast disappearing leaving people to result to helping themselves out of nothing.

Those who are making it in gambling are very few, they can not be compared to the multitude that lose from it. This is because of the erroneous believe of sustaining oneself with gambling especially when they have a first time win, it lures them more and more into it. Most gamblers who have winnings end up betting back the money either at once or gradually back in. If you want to make a steady and reasonable then you have to bet a very low percentage of your payroll so that you can have more chances of more bet from your bankroll.


Sure, government can do that. Government can control gambling no matter how many accounts a gambler dubiously choose to have. After all, the biodata of an individual can be requested through the gambling board, national data collection etc and that would make duplication of registration, names or different KYC difficult.

So it is possible for government to control it but they may not do that as such because of tax generated from gambling.

1.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.
2.Maximum amount of money that everyone should use in gambling? I wonder how this would work and who is going to control the whole process. The casinos want the gamblers to spend as much money as possible. Do you really think that the casinos are going to limit the amount of money every gambler puts in his account?
3.Yes, gambling can make you poor, if you lose control over your behavior. Every other addiction can make you poor, when you lose control over yourself. Many people just lose control. There's no easy solution for this problem.

It is better this way: a knife can be a recipe to something bad as it can also be a recipe to something good. This is how gambling. If you follow the good side of gambling, you will have fun with it. And like I explained above that if you are not having fun while gambling, then stop gambling. Gambling should not be seen as a way of making money which is where the problem can do begin from.

Or in most cases a real working shortcut to misery. That way of thinking is what has caused massive damage to people embracing it and thinking they would be going to get out of poverty through gambling. Even in the case where someone has hit it big we know 99.99% of these stories have ended up in misery also because addiction got the best out of them. Therefore anyone who lives by the motto of shortcut to poverty in reality is shortcut to misery.

It is not only gambling that leads people to bankruptcy, alcohol, drugs, unemployment, there are many other things that lead people to bankruptcy. I know that there are cases of people addicted to gambling who have lost everything they had. It is a very sad situation, but we cannot forget that gambling is not to blame. The guilty party is the people who are misusing gambling. What should be done is to always put up a warning so that people realize that they should gamble in moderation and only with money that they can afford to lose.


Look, a person works 8 hours a day, this person wakes up early and comes home late, every day this person suffers at work and when the end of the month comes, this person receives a salary and taxes are deducted. And yet this person should accept that the government decides how it should use the salary money? I don't think that would be right. People should be free to use their honest money as they wish.

Do you know that there is something called responsible gambling? We all know how bad gambling can end up. Gambling-addicted people even take loans and sell their assets to gamble more and expect to win something big which will change their lives. Even if they win something big, the addicted people will gamble more to make additional money. Unfortunately, that is not how it works.

I don't think the government would be able to control the entire gambling industry since there are a lot of unregulated online casinos. The government can't monitor the casinos. People never reveal their wealth in casinos. Even if they are broke, they will act like they are rich.

The whole idea about government controlling any thing is simply for their own gain. They don't really care about the people suffering from any of the implications that follows. One thing anyone and everyone should know is that we can't blame or point fingers when it comes to gambling wrecks. That because it is something you do at your own risk. We know how gambling is risky but then you see sometimes when you are lucky you can make good amount of wins. Though some people have become rich though gambling of different kinds but the we all know how they become at the end. When you take gambling too serious it becomes a part of you and that's your responsibility to take..

There is people who really make money from gambling but the number will not too big because gambling is not a way to make money. But people tends not care about that and still trying to make money even if they already lost their money before.
They don't realizes that gambling is not a way to solves poverty but will makes them bankrupt faster than they can imagine. People can not saves their money because they think they can make more money from gambling.
It needs more awareness from them not to use gambling to make money and search for the other ways which will be more possible to make money. Gambling should be controlled by the government but the government must warn their people not trying to playing gambling excessively to prevents the big lose.

Gambling often presents itself as a quick path to wealth, but it tends to be a shortcut to financial ruin if one becomes addicted or irresponsible. With more people being drawn into it every day, it’s becoming a serious issue that affects not just individuals, but also their families and communities. Most often, gambling leads to heavy losses, leaving people in a cycle of desperation, especially if they always expect to win and believe they will succeed by imitating others' strategies.

Most people know that gambling does nothing good for gamblers; these are facts that cannot be denied. That's why there are only two: either you become addicted to gambling or you become responsible in a way that you can control yourself while you gamble without being driven by greed.

Because if you don't have self-control or discipline in gambling, you will end up with an addiction, which, in the end, if left to happen, can lead to destruction with various results. This is reality and facts that actually happen most of the time.

For this reason, it has been said to gamble that amount that you can afford to lose. I believe gambling is only for the rich. It can only be considered a source of recreation and not a method to earn money. 


Some will definitely say that they have made money from gambling. Let me explain how this happened. So this can only be possible if your bankroll is high. Let's say your bankroll is $100,000 USD, so yes, in this case, it will be easy to make 40-50 dollars a day through that balance.
Now regarding the government thing, then government won’t stop these gambling sites or casinos, as they pay huge taxes to government and the government wants more casinos to be opened.

If it's registered gambling, it's already controlled by the government in one way or another. Not fully, of course. But if it's a state-run gambling, then its operation is entirely under government management.

It's hard to implement a maximum amount for gamblers. How could that be set? After all, each individual gambler has a different financial capacity. $100 may be big to one but a mere spare change to another. So, would you require every gambler to open up his/her financial books to determine his/her maximum capacity?