Economic Costs of Gambling

[BTCLiz]

Every country have their own economic adviser, they weigh in the advantages and disadvantages of having gambling casinos on their country and many countries are in favor of having one because of the economic gains more than the economic cost of gambling, the government prefers to rehabilitate those who became addicted to gambling or launch a campaign about the danger of too much gambling.

The existence of casinos and gambling sites could give some opportunity for the jobless to work with the company (as the positive side) but this also gives the chance for the young minds to have an early entry and brought to addiction.

Once gambling addiction arises, it sometimes leads to criminal activities like robbery, murder, and debts. Though it was not the responsibility of the government to take care of these gambling addicts, their concern is how to control such criminal activities. So, it gives additional workloads to the authorities and additional manpower.

Additional workpower to the government - Would you consider this as good or bad? Is is not clear to me how you see it. More manpower to the government can be seen as something really really bad from a very liberal point of view. You can also argue with more police and so on.

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[YuginKadoya]

Every country have their own economic adviser, they weigh in the advantages and disadvantages of having gambling casinos on their country and many countries are in favor of having one because of the economic gains more than the economic cost of gambling, the government prefers to rehabilitate those who became addicted to gambling or launch a campaign about the danger of too much gambling.

The existence of casinos and gambling sites could give some opportunity for the jobless to work with the company (as the positive side) but this also gives the chance for the young minds to have an early entry and brought to addiction.

Once gambling addiction arises, it sometimes leads to criminal activities like robbery, murder, and debts. Though it was not the responsibility of the government to take care of these gambling addicts, their concern is how to control such criminal activities. So, it gives additional workloads to the authorities and additional manpower.

Additional workpower to the government - Would you consider this as good or bad? Is is not clear to me how you see it. More manpower to the government can be seen as something really really bad from a very liberal point of view. You can also argue with more police and so on.

I really think what he mean was, more manpower needed because of more workloads, I really think that there is no need for additional manpower, and not all gambling is related or point out to getting people doing crimes, the poverty is the issue why most people are being lead to the way of the crime,

I really think that the most negative about gambling is the way addiction is hitting several people without notice, you can surely blame criminal work to gambling but not often time it is because of gambling.

[KTChampions]

Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.

The state will be like that. The casino can not do anything if they still want to continue their business. But if they follow what the state wants, I think they will be okay and will not get a problem. But the decision will be at a gambler because they can search for the other casino easily without any force from the other side.

This is a controversial statement, since you yourself wrote that a gambler is free to find another casino (with less regulation, which means cheaper and more profitable), which means that a casino that fully complies with the state's requirement will lose some of its customers and, as a whole, will be less competitive.

[RILWAN]

One needs to be careful with gambling to avoid being addicted to it, gambling should be done as a means of cashing fun anything out of just fun becomes an addiction which can ruin a person economic life and hurt the economy because it will cause you to lose money or even go extreme.

[Lordhermes]

One needs to be careful with gambling to avoid being addicted to it, gambling should be done as a means of cashing fun anything out of just fun becomes an addiction which can ruin a person economic life and hurt the economy because it will cause you to lose money or even go extreme.

We all know the effect of gambling on our economy.How it has turned some individuals into nuisance in the society.When an individual plays game  and continues to loose,he looses his money,and his mind,which causes havoc and depression.He continuousy thinks of his loss and tries to make it up by gambling again.One should try to avoid gambling addiction.

[Xinarae*]

Excessive lost in gambling causes depression on the gambler, a feeling of frustration pops up in the mind of the victim which can lead him to stealing in other to meet up his loss.When one is addicted to gambling,there is every tendency that the individual is bound to fail.

Yes, it is normal for gambling to fail if you have little idea it has economic benefits as well as benefits. There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

[RealMalatesta]

We all know the effect of gambling on our economy.How it has turned some individuals into nuisance in the society.

Yeah, the consequence of gambling is only individual dependent up to some level and after that it will become a social issue as it has direct impact into the economy of that society and then the country. These are all because people mostly take example from successful gamblers whereas they must need to consider the pathetic situations of gamblers before getting into gambling.

There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

I do not think that it will be possible to engage in gambling without financial commitment. You may start gambling for free of cost and you may enjoy gambling for free of cost but when you turn intensive then you might start spending from your pocket which is the point your economy begins to collapse. But, staying within the level of entertainment-only type of gambling is not possible once we get into gambling and playing for a while.

[maydna]

Sure. This is how the free market works. But when the state intervenes in this market with its ideas "how to make gamblers better and safer" we end up with the above-described absurdity - both gamblers and casinos suffer. This is a great illustration of how good intentions lead to bad consequences.

The state will be like that. The casino can not do anything if they still want to continue their business. But if they follow what the state wants, I think they will be okay and will not get a problem. But the decision will be at a gambler because they can search for the other casino easily without any force from the other side.

This is a controversial statement, since you yourself wrote that a gambler is free to find another casino (with less regulation, which means cheaper and more profitable), which means that a casino that fully complies with the state's requirement will lose some of its customers and, as a whole, will be less competitive.

I doubt that the casino will lose some of its customers because we know that many new gamblers will visit that casino and perhaps, some of them will not have a problem following the casino rules.

Besides that, the casino can still search for new members for the casino by promoting their casino in many places to still get the new members. It will not be a problem for the casino as not all can stay in one casino forever. The casino should know about that.

[FatFork]

There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

I do not think that it will be possible to engage in gambling without financial commitment. You may start gambling for free of cost and you may enjoy gambling for free of cost but when you turn intensive then you might start spending from your pocket which is the point your economy begins to collapse. But, staying within the level of entertainment-only type of gambling is not possible once we get into gambling and playing for a while.

Is it gambling if there is no financial element involved? Take poker for example, I enjoy playing poker with my friends, but we can't call it gambling until we put money on the table, right?

[KTChampions]

This is a controversial statement, since you yourself wrote that a gambler is free to find another casino (with less regulation, which means cheaper and more profitable), which means that a casino that fully complies with the state's requirement will lose some of its customers and, as a whole, will be less competitive.

I doubt that the casino will lose some of its customers because we know that many new gamblers will visit that casino and perhaps, some of them will not have a problem following the casino rules.

Besides that, the casino can still search for new members for the casino by promoting their casino in many places to still get the new members. It will not be a problem for the casino as not all can stay in one casino forever. The casino should know about that.

But you understand that meeting the requirements costs a certain amount of money? Accordingly, if a player in one casino sees a coefficient of 1.8 and in another one for the same event is 1.9, then he will go to casino number two. Whoever offers the best odds will get a client, and the casino that spends money on making crazy government demands will not be able to offer the best odds.

[Lordhermes]

Excessive lost in gambling causes depression on the gambler, a feeling of frustration pops up in the mind of the victim which can lead him to stealing in other to meet up his loss.When one is addicted to gambling,there is every tendency that the individual is bound to fail.

Yes, it is normal for gambling to fail if you have little idea it has economic benefits as well as benefits. There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

Is it possible to gamble for entertainment without putting your finance? I don't think so because every time we engage in gambling,we always do it to make profit and not  to catch fun.we think of making money while in the process loose our money.Most atimes we even touch the money we kept aside for some important thing,and when you loose it,it seems to cause depression on us.

[TimeTeller]

Excessive lost in gambling causes depression on the gambler, a feeling of frustration pops up in the mind of the victim which can lead him to stealing in other to meet up his loss.When one is addicted to gambling,there is every tendency that the individual is bound to fail.

Yes, it is normal for gambling to fail if you have little idea it has economic benefits as well as benefits. There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

Is it possible to gamble for entertainment without putting your finance? I don't think so because every time we engage in gambling,we always do it to make profit and not  to catch fun.we think of making money while in the process loose our money.Most atimes we even touch the money we kept aside for some important thing,and when you loose it,it seems to cause depression on us.

This is why when a person decides to venture the gambling world, he should be prepared for all possible consequences.
Because if your hard-earned savings is at stake and you can't afford to lose it, better not to get involved in gambling.
But sadly, many people will just follow their inner desires and so they can lose that money. And that will start more problems on his end.

[Shasha80]

There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

I do not think that it will be possible to engage in gambling without financial commitment. You may start gambling for free of cost and you may enjoy gambling for free of cost but when you turn intensive then you might start spending from your pocket which is the point your economy begins to collapse. But, staying within the level of entertainment-only type of gambling is not possible once we get into gambling and playing for a while.

Is it gambling if there is no financial element involved? Take poker for example, I enjoy playing poker with my friends, but we can't call it gambling until we put money on the table, right?

what you give an example is gambling on a small scale and of course it doesn't cost a fortune to do that so I think it depends on the situation or the case, if the case is a large gambling place then it definitely requires a very high cost and requires good financial management.

Depending on many things that make gambling cost a lot, therefore if there are people who intend to build a casino, besides having a lot of money.
But it must have excellent financial management capabilities, so that the casino can run well and provide benefits for its owners. It's not easy to
have a casino, there are lots of unexpected costs, sometimes some casinos are subject to high taxes by some countries. So it is necessary
to manage funds properly, so that the casino does not suffer losses.

[qwertyup23]

There are many gamblers who become addicted to gambling and sell everything and become financially distressed must play as a means of entertainment without financial expense.

I do not think that it will be possible to engage in gambling without financial commitment. You may start gambling for free of cost and you may enjoy gambling for free of cost but when you turn intensive then you might start spending from your pocket which is the point your economy begins to collapse. But, staying within the level of entertainment-only type of gambling is not possible once we get into gambling and playing for a while.

Is it gambling if there is no financial element involved? Take poker for example, I enjoy playing poker with my friends, but we can't call it gambling until we put money on the table, right?

What makes gambling entertaining is the adrenaline and hope of winning money in a given game. Without any consideration, it would be purely for entertainment but the feeling will not be the same compared to a game with consideration.

As previously mentioned, the game of poker will be converted to a normal game with just a winning prize. Without the involvement of risking your own cash, I personally think that it will not be called 'gambling' as you are not gambling anything.

[maydna]

~snip~

But you understand that meeting the requirements costs a certain amount of money? Accordingly, if a player in one casino sees a coefficient of 1.8 and in another one for the same event is 1.9, then he will go to casino number two. Whoever offers the best odds will get a client, and the casino that spends money on making crazy government demands will not be able to offer the best odds.

Perhaps, you should know that some gamblers will not have a problem if one casino high costs than the other casino because they search for the comfortably which they want to get when they are playing gambling. If they can get that, they will not moves to the other casino, even if that casino offers a low cost.

That is why every casino will offer the best odds and the gambler will select what they want. Once they see the casino can give what they want, they will follow what it needs and they will just stay to playing gambling on that site than to moves to the other casino.

[KTChampions]

But you understand that meeting the requirements costs a certain amount of money? Accordingly, if a player in one casino sees a coefficient of 1.8 and in another one for the same event is 1.9, then he will go to casino number two. Whoever offers the best odds will get a client, and the casino that spends money on making crazy government demands will not be able to offer the best odds.

Perhaps, you should know that some gamblers will not have a problem if one casino high costs than the other casino because they search for the comfortably which they want to get when they are playing gambling. If they can get that, they will not moves to the other casino, even if that casino offers a low cost.

That is why every casino will offer the best odds and the gambler will select what they want. Once they see the casino can give what they want, they will follow what it needs and they will just stay to playing gambling on that site than to moves to the other casino.

And what qualities of a casino can outweigh the best odds in your opinion? If we are talking about online casinos, then the comfort is almost the same everywhere, since there is no problem of distances, different staff or something else. Plus, when the player is at the stage of searching, he first of all sees the odds, he learns about the differences in comfort (if any) later.

[mv1986]

Gambling can also be a viable option for those who are depressed already. It can function like alcohol. It is not always the other way around, it is not that you first gamble and then get depressed. You can be depressed but see an exit in gambling because it makes you forget your problems for a second. Sadly though it is mostly causing more problems afterwards as you are most likely not fully in control of your mind if you are depressed and therefore feel like gambling.

Depressed gamblers are often seen to be alone and are happy with what they do. They might keep going and whether they're losing as long as it's giving happiness to them, they don't mind about the cost and the casino profits from that person.
There are times that it's not just all about the money but also we'll never know what a gambler is going through. But most of us, we know that it's all about the money, whether you're for fun or for the profit.

But this is quite the stretch for the term of happiness. Sure everyone defines happiness differently, but with all due respect if you are sad and depressed, what you feel while you are gambling isn't really happiness. I just don't buy that.

It may not be the happiness that we know but that's what they're feeling, they're feeling good if they do it whatever the situation and what they're feeling by that time.

Happiness is when you have a basic good and satisfactory mood, when you like life and are able to cope with difficulties optimistically and bravely. Happiness isn't when you forget your problems because you focus on hitting numbers in roulette. Happiness is when you have strong and lovely relationships to other people. If you have all other things around you in order, then I believe gambling can make you happy. Maybe on a vacation with a great family around you, when you decide to visit a casino for a night, that can make you happy. But gambling around the clock while having a bunch of problems to solve in real life isn't about happiness.

It came from you that we have our own definition of happiness. If someone forgets his problem and focuses on playing roulette then that's the definition of his happiness and we cannot question that. At the end of it, both feelings are invested including the money, and that still results to the costs needed by the casino that sums up the economic need from where it is operating.

But would you agree that there is such a think as fake happiness? For example, you get extremely wasted, have good talks with a friend after a bottle of whiskey, but they day the problems are still there and you are even less motivated to solve those problems. There can definitely be people who are truly happy when they gamble, I agree. But there is also that other group.

[RokokGudangGaram]

Gambling can also be a viable option for those who are depressed already. It can function like alcohol. It is not always the other way around, it is not that you first gamble and then get depressed. You can be depressed but see an exit in gambling because it makes you forget your problems for a second. Sadly though it is mostly causing more problems afterwards as you are most likely not fully in control of your mind if you are depressed and therefore feel like gambling.

Depressed gamblers are often seen to be alone and are happy with what they do. They might keep going and whether they're losing as long as it's giving happiness to them, they don't mind about the cost and the casino profits from that person.
There are times that it's not just all about the money but also we'll never know what a gambler is going through. But most of us, we know that it's all about the money, whether you're for fun or for the profit.

But this is quite the stretch for the term of happiness. Sure everyone defines happiness differently, but with all due respect if you are sad and depressed, what you feel while you are gambling isn't really happiness. I just don't buy that.

It may not be the happiness that we know but that's what they're feeling, they're feeling good if they do it whatever the situation and what they're feeling by that time.

Happiness is when you have a basic good and satisfactory mood, when you like life and are able to cope with difficulties optimistically and bravely. Happiness isn't when you forget your problems because you focus on hitting numbers in roulette. Happiness is when you have strong and lovely relationships to other people. If you have all other things around you in order, then I believe gambling can make you happy. Maybe on a vacation with a great family around you, when you decide to visit a casino for a night, that can make you happy. But gambling around the clock while having a bunch of problems to solve in real life isn't about happiness.

It came from you that we have our own definition of happiness. If someone forgets his problem and focuses on playing roulette then that's the definition of his happiness and we cannot question that. At the end of it, both feelings are invested including the money, and that still results to the costs needed by the casino that sums up the economic need from where it is operating.

But would you agree that there is such a think as fake happiness? For example, you get extremely wasted, have good talks with a friend after a bottle of whiskey, but they day the problems are still there and you are even less motivated to solve those problems. There can definitely be people who are truly happy when they gamble, I agree. But there is also that other group.

I agree with you. It might seem like a way to fill someone’s happy meter, but some people do things because it is their escape and distraction of some underlying emotions and problems. Maybe some people do gambling for this reason, or with a hope also to win that could perhaps aid in solving problems they carry in life.

[South Park]

This is one of the problems with politicians, they think they can fix everything instead of thinking that there are many things that do not need to be solved because if they try then they are going to make things even worse than what they are, but that is the way they think, for them more government intervention is needed which is why we see governments that are so big and inefficient, but do not worry the current situation is unsustainable and governments will have to get a lot smaller during the next decades.

Got smaller during in next decades? I dont think that thing will happen but rather seeing the opposite but actually on some things that you had mentioned was actually on point or simply a fact.
When it comes to intentions then no one could really know if that one does have an intent on the back side or simply totally being concerned into something.
Talking about Economic state in related to gambling then this had been typical or been a standard.

I said that governments will have to get a lot smaller not that they got already, why? Because they will have no other option, global adoption of bitcoin is already underway and it does not matter what kind of regulations they pass people are going to do whatever they want with their bitcoin including not paying taxes, and when we take into account that things are getting unsustainable thanks to all the money they have printed then they will have no other choice, I know it seems hard to believe but long term this is where we are headed.

[2double0]

Why do they allow gambling to such extent when they already know how expensive it can be to the society? Why to allow casinos at the first place? It is because governments collect hefty taxes from this industry in order to let it run, the same goes to drugs and alcohol. If we expect the change, we need to be the change and start taking the first step so to let addicted gamblers come back under the category of normal gamblers who know and understand their limits.