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Topic: Sad reality: some countries gamble more than they can afford - page 5. (Read 480 times)

legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
The government couldn't ban it either because they're surely making billions on it too. It's like a cigarette that even if you'd raise their prices people will still get addicted to it and still buy and government for sure won't be able to control the mind of its people unless they make a tyrant government and just simply ban gambling.

that is very correct. and do remember that gambling has been always part of humanity ever since. so i guess, what the government can do is diligently collect tax from these gambling businesses and those collected taxes should be given back to its people by creating livelihood projects, improve transportation among others. or the government can offer jobs to its people, because some of these gamblers have no job to go to, hence, they are opting to gamble the very little money they have hoping to hit their luck.
hero member
Activity: 2002
Merit: 578
The government couldn't ban it either because they're surely making billions on it too. It's like a cigarette that even if you'd raise their prices people will still get addicted to it and still buy and government for sure won't be able to control the mind of its people unless they make a tyrant government and just simply ban gambling.
hero member
Activity: 1918
Merit: 564
But governments sure as hell are there to profit whenever a gambler wins anything, heavily taxing big winnings... What makes me even angrier is that these licensed casinos do very little to offer gamblers resources to play responsibly, and do nothing to educate gamblers about house edge. Also, none of their games run on provably fair algorithms. And yet the government does very little to regulate them after having sold them a license...
What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

It is beyond the control of every casino and government on how much gambler will spend on their platform.  Casino have dedicated page for explaining about gambling responsibly and self-exclusion.  Aside from that I believe government also advertise about gambling responsibly and they even make plans and programs to spread information about the bad effect of gambling addiction.  Some countries even forbid the use of credit cards in gambling.
STT
legendary
Activity: 3878
Merit: 1411
Leading Crypto Sports Betting & Casino Platform
Even physically a big boat can setup in international waters and have people come gamble whether any particular country likes or not.  People can spend their money how they like and modern day its very easy to visit any business you choose to do so.   
  I get the general take it is unfortunate to spend on gambling the money leaves that economy I guess but Greece is part of the Euro so its not exactly insular in that way.   Governments often setup their own gambling for this reason, licensing or possibly flat taxation of the gambling business is seen as a valuable regular budget income.
hero member
Activity: 2744
Merit: 588
Regardless of the status of the country if you can’t afford to gamble then why gamble?
Seriously, there’s a lot of gamblers that are hoping to make a good profit out of gambling and they are doing this using the money they borrowed most of the time. This is the sad reality of many gamblers, they are taking such risk though some succeed but still many become broke because of this poor practice.

We can't do much for these people who gamble their money instead of buying their basic necessitiess.
Just look at the African region like Nigeria, a lot of people are below poverty level and yet, gambling is rampant in their country.
That is indeed the sad fact of life. But if you happen to reside in one of those countries, try to change your path and make a living for yourself.
As one person, what you can do is not follow their footsteps but instead alleviate your economic status by educating yourself and find a decent job.
full member
Activity: 2086
Merit: 193
Regardless of the status of the country if you can’t afford to gamble then why gamble?
Seriously, there’s a lot of gamblers that are hoping to make a good profit out of gambling and they are doing this using the money they borrowed most of the time. This is the sad reality of many gamblers, they are taking such risk though some succeed but still many become broke because of this poor practice.
hero member
Activity: 1582
Merit: 514

I'm making the distinction because for a poor country to have many people addicted to gambling and losing more on gambling than they can afford, it's going to have an wider effect than in a country where the state is already fully developed and in a good economic situation.

Moreover, it's an interesting phenomenon to observe how in poor countries people tend to gamble more than in other countries, at least proportionally speaking. Seems like people in dire situations can be more prone to vices somehow.

The reason for the poor country had more gambler,because they try to get away from the poverty by using the gambling.The poor country people will use the many things to get away from he poverty.Even they try to do the trading to get away from the poverty.But it also based on the time of the gambler who get into gambling with their saving money.If the gambler really had their luck in the gambling,the gambling itself help the gambler to win the big money in one day.The gambler also need to fix the deposit money in the gambling per week,because this will help the gambler to get away from the gambling addiction.
hero member
Activity: 2856
Merit: 769
Why does it have to be about poor countries? If a country is rich its ok for its citizens to lose a bunch of money?

You as a person decide whether to gamble or not to gamble. The country IMO has nothing to do with it. Even if the country restricted or limited gambling, there are still ways people would gamble so you really cannot blame it all on the government.

At some point people have to be responsible for their own actions man. Can't just always think someone else is at fault.
We do know that people would normally be thinking that rich countries and its citizens does have the capacity on doing such gambling on which whether they do lost up money then they would be just basically be able to
afford on what they had lost on which means that it would be normal that we would really be having that kind of approach because if a poor place and having that poor citizens would be still involved in gambling
then they are really just basically wasting their money. Somewhat i do agree on what you have said  that it all still boils down into someones decision because whether you do living in a country neither rich or poor,
it would be still always depending or about with your finances. If you are really that trying out to make yourself or having that mindset on doing gambling just to make
yourself rich then thats where things turns out to be shit later on.
hero member
Activity: 1022
Merit: 667
Why does it have to be about poor countries? If a country is rich is it ok for its citizens to lose a bunch of money?
I'm making the distinction because for a poor country to have many people addicted to gambling and losing more on gambling than they can afford, it's going to have a wider effect than in a country where the state is already fully developed and in a good economic situation.

Moreover, it's an interesting phenomenon to observe how in poor countries people tend to gamble more than in other countries, at least proportionally speaking. Seems like people in dire situations can be more prone to vices somehow.
Well at some point,  alani123 you may have thrown this too far as far as gambling addictions/losses and its resultant effect on individuals,  and also making a separation between rich countries and poor countries' involvement in gambling,  but just you to know that,  the resultant effect of gambling addictions or loses is a general phenomenon and even the level of gambling involvement is also generalized and should not be regionally segregated from one country to the next.

But the bottom line is that,  whether you are from a 1st world country or a third world country you shouldn't take gambling as a means to earn a living and you should avoid any possible addictions because gambling can ruin your life,  so be it st to take it for what it is and that is for fun and nothing more than that.
sr. member
Activity: 1428
Merit: 344
What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?
The problem is that people in most of these countries see gambling as a way to make money to help themselves in their difficult situation. What the government can do is to improve the state of the economy for these people so that their financial status can improve so they stop gambling to make money, and then the government can try to restrict gambling, not a total ban, so it does not spread and ravage the entire population old and young. In these countries, the government can also start campaigns and sensitization exercises so these people know that gambling should not be to make money but should be for fun.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

the government of Greece can do something to prevent the population from getting hooked on those casinos but if the risk outweighs the benefit, they will just limit the promotion of the casinos just like what Australia was doing.

this isn't just happening in Greece. in my country, the government steps in and shuts down the casinos operating illegally. these casinos provide money to the government, it can't just stop their business. but the government creates another law for it and will also ask for more money from the casino otherwise they will do something to their operation. seems regular stuff they do to squeeze more money from casinos especially if they know the casino is making more money from its people.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Why does it have to be about poor countries? If a country is rich its ok for its citizens to lose a bunch of money?
I'm making the distinction because for a poor country to have many people addicted to gambling and losing more on gambling than they can afford, it's going to have an wider effect than in a country where the state is already fully developed and in a good economic situation.

Moreover, it's an interesting phenomenon to observe how in poor countries people tend to gamble more than in other countries, at least proportionally speaking. Seems like people in dire situations can be more prone to vices somehow.
legendary
Activity: 3626
Merit: 4440
Why does it have to be about poor countries? If a country is rich its ok for its citizens to lose a bunch of money?

You as a person decide whether to gamble or not to gamble. The country IMO has nothing to do with it. Even if the country restricted or limited gambling, there are still ways people would gamble so you really cannot blame it all on the government.

At some point people have to be responsible for their own actions man. Can't just always think someone else is at fault.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
I was looking at gambling statistics for my country the other day. People in Greece lost 22.5 billion EUR only in 2021, and 29 billion in 2022 and that was only on licensed establishments.

That's around 10% of Greece's GDP wasted away towards offshore companies... This is a very hard issue to deal with and to think that it happens at such a scale even with the licensed casinos is unthinkable. Essentially governments sell a casino license once and then these casinos are given free reign on how to advertise, how to be promoted, what claims to make... No limits to how much they can earn.

But governments sure as hell are there to profit whenever a gambler wins anything, heavily taxing big winnings... What makes me even angrier is that these licensed casinos do very little to offer gamblers resources to play responsibly, and do nothing to educate gamblers about house edge. Also, none of their games run on provably fair algorithms. And yet the government does very little to regulate them after having sold them a license...

And Greece isn't a rich country by any means. Many families are facing hardship, unemployment is high, youth emigration is rising etc... Things don't look particularly good for the economy in general.

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?
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