I am not a veteran in this gambling industry so trying to understand what majority of the people thinks about it.
I have seen a lot of threads in this section as well as in other online forums which always protrayes gambling as a negative line of earning money online. I have seen people comparing gambling with alcohol addiction. I have seen people actively trying to discourage others from getting into gambling industry. What's wrong with gambling?
It is just another business and also legal in many countries. People who buys lottery tickets are also gambling only.
In trading industry, you bet on your speculation and in gambling industry, you bet on your luck. In both trading and gambling, there is a risk of loosing money. So why trading is seen as a good way of making money and exactly opposite for gambling?
I belive it is just a social taboo about gambling and we need to rethink our stand towards gambling. It is just another legal business. What's your view?
Two perspectives: the business side and the individual.
For the business, gambling can be very profitable as it attracts mostly users of legal age, and people who have the monetary means. With its name, gambling is also a risk to most casinos as it purely revolves around luck. But mostly, some gamblers tend to over commit their boundaries resulting to an influx of betting which ultimately leads to their downfall. Regardless of what the status may be, a gambler would always go back to a casino.
For the perspective of an individual, gambling is a double-edged sword wherein one may profit from it depending on their luck, and others may feel that the odds are not on their favor. The problem with most gamblers is that, some think that gambling may solve their financial struggles or needs by relying their money on risks. This creates a problem to the society since it creates this endless loop of them going in-and-out of casinos hoping to recover their losses.
Another perspective are mainly for the gamblers who see it purely for entertainment. They gamble primarily for leisure. Regardless of their winnings/loss they typically do not care.