Topic: Gambling is short cut to poverty - page 41. (Read 7140 times)

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.

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.

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.

Taxes and license is not enough to regulate gambling but if the regulation go more deeper, it would be seen as invasion of people's freedom. But there are still ways like self-exclusion and setting a limit to the amount of money that you can deposit on the gambling site for certain periods of time but all of these are not working but rubbish in disguise.

Your post is about prohibition and not regulation. This is common in countries where gambling is not legal but some people just like to gamble and prefer to go for offshore gambling sites. Well regulated gambling sites will know this and block the user from using their platform. Using VPN can be a temporary solution but not a permanent solution.

The answer to the title question is not entirely correct from my point of view because gamblers have different interpretations of gambling.

Gambling is an activity that requires money as the first object. Winning is a bonus from the game that is obtained from gambling. This is a gambler's perspective that sees gambling positively, played consciously, and based on a good understanding of gambling. If gambling is misinterpreted with the wrong implementation, then gambling will be a shortcut to poverty.

one thing that is rarely said is: winning at gambling is really difficult. staying profitable in the long term is almost impossible.
there are a whole series of subjects and entities that prefer to advertise the big jackpot (luck-related gambling) and not gambling linked to the study of statistics and knowledge of a particular sport.
I don't think it's the government's responsibility to limit gambling.
At most, impartial information and a minimum culture should be given to all players.

If you have the wrong mindset in gambling and you think that its your shortcut to riches, then it will end up being your shortcut to poverty, mindset and goal will set up what you will become when you're gambling, its very tempting to think that gambling can get you out of poverty, because for a small amount of money you can turn that to 100 times if you are lucky, but luck is something that does not happen more often; in fact its so rare that it will come at the least expected.
Which is why experts advise people to play with money that you can afford to lose and enjoy the game because luck comes when you least expect it and usually when you enjoy it and not when you are forcing it.

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.