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Topic: How should Lotteries be categorized? (Read 239 times)

sr. member
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January 03, 2024, 05:45:47 AM
#44
Living on such hope is something that I can't do to myself, I have seen people living their life to their old age as a lottery ticket investors and they never win, the chances vs you just gambling in a casino is pretty lower, it's something you can't decide to do for a long time but those who start can't even stop, this is why you need to choose carefully what do to yourself, things get in the blood fast and we find it hard to stop.

Peoples mind are delicate, if they believe in lottery, they could send all their life believing that they will become millionaire one day with lottery and they won't be able to do anything else for themselves, and their life will waste away.

I won't categorise lottery as gambling, because it's more risky than gambling, if you get addicted to lottery you may never be free of your addiction, it will cripple your journey in life because you have found a way to break free from hard working, if you think about it, you will see how cruel lottery can be vs gambling in casino.

sr. member
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Duelbits
January 02, 2024, 12:36:35 PM
#43

With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

I think we can categorize it as a gambling form that is popular to the general public because anyone can bet on it and the lottery is a very popular form of gambling, even ordinary people who do not know what it is like to play in casinos online and offline can easily play it because of its simplicity, all people I met are bettors or have bet on lottery especially if the stake is high.
There's always a long line whenever there is a huge reward at stake, here in our country it's so popular that 7/10 are regular bettors or bet once a month it's the kind of gambling that is well reached by all walks of life.

Togel is a type of gambling that can be said to be the most popular with society as a whole, considering that this is the cheapest and easiest type of gambling to find, especially now that this type of betting can be done via the internet. In making this bet, someone is free to bet in whatever amount they can afford. Where I live, this type of gambling is more sought after by lower class and lower economic society. They bet with full hope, they continue to bet and wait for their luck to get a win, because they believe that if they get a win then their financial condition will change instantly. Considering that even though this gambling is difficult to win, when they get just one win, the amount of money winning is huge.
copper member
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January 02, 2024, 11:12:11 AM
#42
    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

    What standard system you are referring? At least provide as some reference on this or post the gambling standards you are referring to compare it side by side. I think the one you are comparing is the Casino standard which is not the general gambling standard system since gambling already exist before casino was established.

    There’s no such thing as gambling standard system because any form of bets is already gambling as long as money already involved.

    Quote
    • Access: Casinos are age restricted and are mostly region-based. A casino couldn't cater to anyone beyond their area, but lotteries like powerball are played on a national scale, sometimes even international.

    Lottery is age restricted too as stated by the law regarding gambling. Also there’s already online casino which can cover internationally unlike IRL casino.



    I believe lottery itself is their own distinct category for gambling.[/list]
    hero member
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    January 02, 2024, 11:00:46 AM
    #41

    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

    I think we can categorize it as a gambling form that is popular to the general public because anyone can bet on it and the lottery is a very popular form of gambling, even ordinary people who do not know what it is like to play in casinos online and offline can easily play it because of its simplicity, all people I met are bettors or have bet on lottery especially if the stake is high.
    There's always a long line whenever there is a huge reward at stake, here in our country it's so popular that 7/10 are regular bettors or bet once a month it's the kind of gambling that is well reached by all walks of life.
    hero member
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    January 02, 2024, 09:58:51 AM
    #40
    So there's no other system/standard for lottery, it is still gambling per se, even if you pointed out some factors that others might think what lottery is.
    It seems that is the case and the lottery is still part of gambling which has the same system as other bets.
    Moreover, lottery is type of betting that has been around for long time and was one of the most popular types of betting before machine games such as slots existed.

    The chance of winning the lottery is so low that it takes sometimes month before the jackpot is cracked again
    Lol here in the Philippines we get the Lottery jackpot cracked every 2 weeks, something fishy is going on but we cannot really talk about it cause it's the least of our concerns when the whole government's in shambles prior to voting a complete retard into office. But I digress,
    2 times week yes, in lottery betting with betting centers such as Hong Kong, Singapore and Sydney, there are lottery number output rounds every day, but Singapore has holidays Tuesday and Friday, where on these days the Singapore lottery market will not operate.
    This type of lottery can provide jackpot every day if the numbers purchased are truly correct in their entirety.
    This type of lottery is also very popular in Asia, especially for those who use local gambling sites.
    hero member
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    December 30, 2023, 06:22:08 PM
    #39
    The chance of winning the lottery is so low that it takes sometimes month before the jackpot is cracked again
    Lol here in the Philippines we get the Lottery jackpot cracked every 2 weeks, something fishy is going on but we cannot really talk about it cause it's the least of our concerns when the whole government's in shambles prior to voting a complete retard into office. But I digress,

    Lotteries are definitely their own type of gambling, as they are much more profitable than the average casino game for the owner.
    stupendously profitable, as from what I can discern even if you play the lotter your whole life you'll never be able to top the jackpot that you're shooting for, so it's one of those games that gives you more than what you put in, even compoundingly-speaking. However, as you have said, the chance of getting these returns are so low you may as well just assume you're never going to win any of those games you played. So there's that tradeoff that we're expecting.

    Now add the concept of taxes, where 30-50% of the paid in money is taking away either by taxes or overhead cost, and it's a really lucrative business for the government. Which is also why in my country all the big lotteries are state owned and have a monopoly on it. For the government it's all about making money and not about providing excitement and satisfaction for the customers. They know a big jackpot alone is enough to advertise, they don't need any cool ads or special promotions. The customers will come on their own as they dream to become a millionaire. My grandfather played the lottery for 30 years and never won anything big. Which is why I only play when there is a big jackpot or all my friends are playing.
    I think you're getting off in a tangent now cause I don't think these are still related to the question but at the same time I can see where you're going. The fact that lotteries are only the type of game that you can play for 30 years consistently and not be considered an addict is something that really fascinates me you know.
    hero member
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    December 30, 2023, 07:27:16 AM
    #38
    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

    I think when there is risk involved, it should still be categorically called gambling, regardless of what the odds are and specially you are buying tickets in hope that you are going to win big money, and that is the very basic tenant of gambling itself.

    So there's no other system/standard for lottery, it is still gambling per se, even if you pointed out some factors that others might think what lottery is.

    Regardless of what is the probability/profitability, we should call it gambling.
    hero member
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    December 30, 2023, 05:05:49 AM
    #37

    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

    Lotteries are definitely their own type of gambling, as they are much more profitable than the average casino game for the owner. The chance of winning the lottery is so low that it takes sometimes month before the jackpot is cracked again. Both winning chances and payouts can't really be compared to the traditional casino games. Now add the concept of taxes, where 30-50% of the paid in money is taking away either by taxes or overhead cost, and it's a really lucrative business for the government. Which is also why in my country all the big lotteries are state owned and have a monopoly on it. For the government it's all about making money and not about providing excitement and satisfaction for the customers. They know a big jackpot alone is enough to advertise, they don't need any cool ads or special promotions. The customers will come on their own as they dream to become a millionaire. My grandfather played the lottery for 30 years and never won anything big. Which is why I only play when there is a big jackpot or all my friends are playing.
    hero member
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    December 29, 2023, 05:28:00 PM
    #36


    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

    What kind of different standard or system should we categorize it with,  you did not give us a choice or another category I've been betting in our country's lottery system and if you ask bettors 10/10 will answer it gambling because you give out money in the hope that you win.

    Whatever your chances are all the factors involved in gambling when it comes to the gambler's mindset are all here, whether you point out the difference between gambling and all the other kinds of betting, it's still gambling.
    That's my question as well that I'm trying to ask you guys lol. The thing is that some people like to categorize lotteries as sweepstakes as prizes are often shared amongst "winners" but at the same time, this happens so rarely (at least from my understanding) that it may as well be considered that only one guy's going to win every time. Due to how different things go for lotteries it makes me feel like it should be on a league of its own but at the same time compared to every other type of game in the gambling world there should be a category for it or at the very least games that it could be compared with. Which is sadly non-existent for lotteries.

    I categorize lottery as gambling the way casino and sports bets are, because you place a bet in all of them and hope to win. There methods and risk levels are different but their ends are the same either win or lose, play and depend on luck so you can win the bet. A gambler can win millions in lottery, but the chances of winning it can be one in a million chance, they play and the lottery company spines the weels. In casinos, gamblers gets to play the game by themselves, you win and gets paid, you loose and lose your money. Then in sports bet gamblers predicts matches and stakes bets, if predictions are correct then they receive their winnings, if not, then their money is lost. So lottery is definitely gambling, because like the others you bet money to win or lose.
    I can see your point but at the same time, should it really be fair for players to loop sportsbetting (with virtually 50/50 chances of winning) and regular gambles (with a little bit of house edges) against lotteries with trillions if not quintillions of possible denominations and winning combinations, as well as an astronomically low chance of winning? If I'm a total newbie and I see someone saying that lotteries are simply the same as sportsbet and regular gambling and I don't win or I don't see anyone win in the next raffle, is it really something justifiable? I don't think so.

    What I'm really here for is a little bit of an information campaign so people don't go thinking that lotteries are for them just cause they don't have luck with other gambling games.
    hero member
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    December 29, 2023, 05:12:58 PM
    #35
    Slot games are luck-based gambling games with many forms depending on the location. This slot game has succeeded in attracting people who want to win the jackpot prize by risking a certain amount of money to buy the ticket. They buy tickets at cheap prices to win huge jackpot prizes. But because this slot game requires luck, only a few people win it. They keep buying lottery tickets because they keep hoping to win the prize, and they often buy in large quantities because the price is cheap. And when they manage to win the jackpot prize, it is such a big win that they can get that they can't do it again.
    legendary
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    December 29, 2023, 03:08:15 PM
    #34

    i have no idea what that standard system but all i know they are all gambling. the government however is just putting an exception to the lottery because they benefit from its money. i don't also know the ratio but 1 in 10 million i guess that's how lucky you are when you win the lottery jackpot.

    so whatever the standard gambling system is, it doesn't apply since the government can do what it wants. the religious family i know who despises gambling even buys lottery tickets. that's how the government cleans the game and the holy men are playing it.
    legendary
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    December 29, 2023, 02:00:47 PM
    #33
    ...
    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

    And what is a standard gambling system? Each game has a minimum bet and max payout, and depending on the odds we pursue we can calculate our winning chances. The lottery is not different, people play with lottery with some minimum bets and they wish to win x1000000 (more or less), but you can try that with limbo as well... but you know what, if you play limbo with $1 bet you will probably lose $100 (or more) in 10-20 minutes, but if you play the lottery (daily or weekly) $100 will last a lot longer.

    I don't like to buy tickets for lotteries and raffles, I like when we can play some games and earn the tickets. It's some crypto thing I guess.
    hero member
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    December 29, 2023, 12:11:30 PM
    #32
    I was a little confused about classifying this type of gambling. But even so, lottery is a type of gambling that has been around for a long time, even long before online gambling existed, lottery gambling became quite popular. And developed until now. In the past, to buy the lottery we had to visit the shop in person, but not now, everything can be done via cell phone. and this shows, even though this type of gambling has been around for a long time, this type of gambling has never lacked interest. Which even though they know very well..... The possibility of winning is very small. Those who play this type of gambling are really trying their luck.

    However, even though the possibility of winning is very small, there are lots of people who keep trying to get it... not a few people even spend their time making a number analysis. and quite a few also associate it with quite mystical things. and there are also those who connect it with a dream.
    hero member
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    December 29, 2023, 10:30:09 AM
    #31
    Lottery, you get a ticket because you buy using money and there will be at least one person will take a lot money, how can it's not a gambling? the difference is the risk and return.

    I know there are few countries don't allow gambling, though they allow lottery, but it doesn't mean lottery isn't a gambling. Many countries have a double standard rules, so this one is the example.
    sr. member
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    December 29, 2023, 10:22:41 AM
    #30
    I categorize lottery as gambling the way casino and sports bets are, because you place a bet in all of them and hope to win. There methods and risk levels are different but their ends are the same either win or lose, play and depend on luck so you can win the bet. A gambler can win millions in lottery, but the chances of winning it can be one in a million chance, they play and the lottery company spines the weels. In casinos, gamblers gets to play the game by themselves, you win and gets paid, you loose and lose your money. Then in sports bet gamblers predicts matches and stakes bets, if predictions are correct then they receive their winnings, if not, then their money is lost. So lottery is definitely gambling, because like the others you bet money to win or lose.
    sr. member
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    December 29, 2023, 10:00:12 AM
    #29
    The Payout: Rarely would you ever see your money x1000000000 in a casino, but in lottery, that's the entire premise. You put in as low as a dollar on the line, and you have a chance to claim a stake at huge amounts of money.
    It looks like you only know the 6-digit lotteries. There are other forms like 2D and 3D in case you didn't know. The price pool or jackpot prize is much lower but the probability of winning is higher compared to 6D.

    Quote
    The Luck: Most casino/gambles involve unfair yet doable odds. 40/60 house edges being one of the most common odd disparities in this market. In the world of lotteries however, you get as much as 0.00000001% chance at winning, sometimes even less.
    Have you tried playing crash games with 10,000x payout? I bet your luck winning that one is close to winning the 6D lottery.

    Quote
    The Replayability factor: Casinos set a premise where even if you win today, you'd always get the chance to win again tomorrow, lotteries do not have that liberty, with most people who won the lottery knowing fully-well that they wouldn't have the chance to win again in the future.
    No chance to win in the future? Are you saying lottery winners are not allowed to bet again? I never heard of that. They can always buy ticket if they wanted to but they probably have no interest. Why would they if they already hit it big?

    Quote
    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out?
    No need to change category. It's irrelevant anyway.
    legendary
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    December 29, 2023, 09:37:31 AM
    #28
    Lottery will always be categorized under gambling activities. As long as something involves betting and expectancy of a bigger amount, without assurance of winning , then that's definitely gambling. The only way it is separated to most of the gambling games is its accessibility to public in most countries. Lottery is most of the time registered to government and is credited of taxation unlike with casino games and with online gambling platforms. If it is by concept of it alone, then it is absolutely a form of gambling.Some might be confused of the concept of investment, which is sometimes associated to gambling by some people 'coz of risk. To somehow help clarify, risk in investment could be lessen and there's a stoploss to it, unlike with gambling wherein it is either you lose or you win.
    With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.
    Lotteries are entirely different from gambling because even if you consider the purpose for which some lotteries are organized and run you discover that it is often for a cause and there is usually a percentage from the revenue generated from these lotteries that is invested back into the community. Gambling is far different from that. Lottery is also a mostly sometimes organized by the government or huge companies occasionally but gambling are owned by casinos and betting platforms owned by private individuals mostly. It is my opinion that there is a huge difference between the two and lotteries qualified to be categorized on their own.
    Well there are different type of lotteries; one involves money and one is charity (mostly organizational) or giveaway to some instances. I think you are referring to charity lotteries that involves just giving. But if we dig down to it, there's still a risk of not winning anything given that you are against everybody in the list.
    legendary
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    December 29, 2023, 09:04:35 AM
    #27
    Indeed, a different system. I guess that's why online casinos input Keno games on the list of their originals. People are still looking for a game like Lotto so they want to test it out. Although the multiplied win is way different, we can somehow feel the same feature with it and we can actually win anytime which for me is a bonus.

    Honestly, I don't play Lotto. I've seen my grandpa waste a lot of money on that game and never had a chance to win even just a 5-number pick. That gave me the idea that the percentage of winning there is so low that our time in the world might not even be enough to win one time for a jackpot. Also, that experience made me avoid the lotto because for me it's like wasting money when we can save all of those and maybe have some savings for our retirement instead.
    $2 - $3 per day/round. I think the letter is being done three times a week here in our place and it changed to a daily game with just different types of lotto. That's $700 to $1000 per year and we will be doing it for half of our lives. The only hope is giving it the "What if I win the jackpot?" which I think will never happen unless you are very very lucky.
    It's different with casino games on online gambling sites, we can win every day and it's all up to the gambler.
    legendary
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    December 29, 2023, 08:47:07 AM
    #26
    Although I am not a gambler, the lottery once turned into a game of chance for me. You know, there are lotteries where you need to erase a card so that either a number or what was supposed to be a prize appears. So I spent a considerable amount on this entertainment; I won a lot, and this only fueled my interest in a larger prize, but as a result, after calculating, I realized that I had lost much more than I had gained.
    Therefore, now I try to avoid such lotteries, but I am not averse to taking part in some kind of draw where my efforts are not required at all.
    hero member
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    December 29, 2023, 04:57:00 AM
    #25
    Lottery games are included in standard gambling games. There is no need to think much about the lottery. You buy a lottery ticket at a cheap price and hope that it will lead you to the jackpot prize. But we compete with many people and we hope for luck. If we lose, we will still buy the lottery ticket until one day we win.

    It's true that when playing the lottery, we don't have a big chance of winning. But that's okay because it's worth the ticket price. At least, that's what many people think about the lottery. That is why they are willing to spend some money to buy several lottery tickets to win. But again, it depends on their luck.

    If they win, it is a once in a lifetime opportunity to earn a lot of money. But people still lose and we may have had a thread where someone kept buying lottery tickets until it was several years before they won. With this lottery, people hope to win the jackpot prize.
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