Economic Costs of Gambling

[Alisha-k]

That's what a business should do, you don't blame the knife companies when there is a stabbing or you cut yourself while preparing your vegetables, that's the same for any business, they offer the product or service and it's your responsibility on what you are going to do with it.

I agree with you that you don't blame a company if it's product is mismanaged but with a little exeption to gambling where you have to go for the companies product multiple of times within a short time frame. At least gambling should seek for the employment status of the customers as well as their monthly income so the can help plan their gambling every month to avoid mismanaging funds.

[passwordnow]

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.

[blackened515]

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.

[uneng]

That's what a business should do, you don't blame the knife companies when there is a stabbing or you cut yourself while preparing your vegetables, that's the same for any business, they offer the product or service and it's your responsibility on what you are going to do with it.

I agree with you that you don't blame a company if it's product is mismanaged but with a little exeption to gambling where you have to go for the companies product multiple of times within a short time frame. At least gambling should seek for the employment status of the customers as well as their monthly income so the can help plan their gambling every month to avoid mismanaging funds.

That is an interesting approach. I've already thought about something similar, but regards liquor shops and alcohol addicted people. However, the counter argument will be that if a casino doesn't accept a player because he doesn't have a fixed income, this player simply will go to another casino and spend money there, instead of spending at the first casino.
It means the player will spend his money anyway, but the restrictive casino will lose customers and money, staying very below its competitors in the gambling industry and probably going bankrupt.

[maydna]

That's what a business should do, you don't blame the knife companies when there is a stabbing or you cut yourself while preparing your vegetables, that's the same for any business, they offer the product or service and it's your responsibility on what you are going to do with it.

I agree with you that you don't blame a company if it's product is mismanaged but with a little exeption to gambling where you have to go for the companies product multiple of times within a short time frame. At least gambling should seek for the employment status of the customers as well as their monthly income so the can help plan their gambling every month to avoid mismanaging funds.

Blaming the company will not solve the problem because if we want to play gambling, we need to know the risk and should manage the money. If the casino needs to check their customer's monthly income before they can enter their place, that will need time and that can make the customer moves to the other casinos. People want to play gambling because of many reasons, and I don't think that they want to be checked by the casino, no matter what the casino's reason is. The cost of playing gambling will be a concern for the gambler itself, and nothing to do with the casinos.

[KTChampions]

Blaming the company will not solve the problem because if we want to play gambling, we need to know the risk and should manage the money. If the casino needs to check their customer's monthly income before they can enter their place, that will need time and that can make the customer moves to the other casinos. People want to play gambling because of many reasons, and I don't think that they want to be checked by the casino, no matter what the casino's reason is. The cost of playing gambling will be a concern for the gambler itself, and nothing to do with the casinos.

Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.

[Desmong]

That's what a business should do, you don't blame the knife companies when there is a stabbing or you cut yourself while preparing your vegetables, that's the same for any business, they offer the product or service and it's your responsibility on what you are going to do with it.

I agree with you that you don't blame a company if it's product is mismanaged but with a little exeption to gambling where you have to go for the companies product multiple of times within a short time frame. At least gambling should seek for the employment status of the customers as well as their monthly income so the can help plan their gambling every month to avoid mismanaging funds.

There is no need to seek for the employment status of your customers cause it breaches their privacy of right and liberty. A casino or gambling sites does not need these status cause it can slow the rate of their participating customers making it difficult for them to make money. Like we'll Know that not everybody is ready to share their privacy with the public.
The aim of every business enterprises, companies and organisations in business is to make profits, so they're ready to put aside any factors or rules that will limit their aim of making profits.

[South Park]

That's right but that can happen with any addiction, if someone is addicted to drugs it's even worst. I am not advocating for gambling but unless addicted, people can enjoy gambling just like they enjoy trips and other forms of entertainment.

I agree gambling is not coming for free of cost still I guess spending some money for entertainment purposes is not a big deal for most people with respect to their upper living standards. So, enjoying gambling within a limit and not getting addicted to it by playing it responsibly are the few things, every gambler must need to remember always while engaging in gambling.

Yes, gambling is a common human activity, if you do not take the extremes (which are harmful everywhere). Gambling creates a lot of jobs, a lot of taxes are paid from the money that circulates there, in addition, gambling gives many people positive emotions and hope, I think this positive impact outweighs the negative aspects.

This is the same way I see it too, it is very difficult to find anything that only brings positives, one clear example of this are cars, there are a lot of car accidents in which people end up heavily injured or dead, and while there are legitimate accidents there are also many circumstances in which those events happened because people were careless, however does this mean that we are going to ban cars to avoid this? Of course not, cars are simply too useful despite the downsides they bring and something similar happens with gambling.

[maydna]

Blaming the company will not solve the problem because if we want to play gambling, we need to know the risk and should manage the money. If the casino needs to check their customer's monthly income before they can enter their place, that will need time and that can make the customer moves to the other casinos. People want to play gambling because of many reasons, and I don't think that they want to be checked by the casino, no matter what the casino's reason is. The cost of playing gambling will be a concern for the gambler itself, and nothing to do with the casinos.

Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

[Saisher]

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.

[KTChampions]

Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

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.

[BTCLiz]

Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

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.

Your reasoning is wrong. It is not just about gamblers and casinos, it is also about their children and wifes. In my opinion "the freedom of one stops where another's begin" - ergo, in this case if someone gets addicted and the life of children is affected, then the state has the right to intervene.

[beerlover]

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

But we need to remember, these days all casinos are adopting any kind of new regulation which may be government compliance or for the welfare of their customers, so we can expect such rules will be implemented at  most of the crypto gambling houses in quick succession which means gamblers may not have any good reason to switch over anymore.

If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.

[Smartprofit]

Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

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.

Your reasoning is wrong. It is not just about gamblers and casinos, it is also about their children and wifes. In my opinion "the freedom of one stops where another's begin" - ergo, in this case if someone gets addicted and the life of children is affected, then the state has the right to intervene.

Your opinion deserves respect.  However, I take a different position.  

A gamer is an adult.  The state fulfills its functions.  However, it cannot engage in total regulation.  This is a direct path to authoritarianism.  Each person is independent in his actions.  He also bears consequences for these actions.  

The woman has intuition.  She is also an adult reasonable person and must choose the right sexual partner and father for her children.  An emotionally weak person can easily become a drug addict or gambling addict.  You don't have to marry such people.  Or to organize such a lifestyle for them so that they do not have a gambling addiction.  

The state cannot take care of its citizens, like a hen hen of its chickens.

[Fredomago]

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

But we need to remember, these days all casinos are adopting any kind of new regulation which may be government compliance or for the welfare of their customers, so we can expect such rules will be implemented at  most of the crypto gambling houses in quick succession which means gamblers may not have any good reason to switch over anymore.

If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.

Casinos needs to adopt and implement what the government ask them to do, no doubt that to save their business they have to adjsut and follow what the government wants them to do, they can't just ignore things out and not to value the rules.

taking that reasons, there's no way for gamblers to choose if most of the gambling house will adopt everything, if most of the business owners ruled out what the government ask them to do. Nothing to argue since government is more in control in terms of implementing laws.

[South Park]

Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

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.

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.

[Mahanton]

Time = money. Time, like any resource, costs money, so the introduction of such rules will greatly reduce the profitability of the casino and in order to fix this casino will be forced to raise prices for its services. As a result, it is the players who will suffer for the sake of whom this is all thought up.

The player will not want to suffer because of the casino. They will try to search for the other casino which does not have that rules and they can play gambling without a problem. Besides that, the casino will not know who is the player that will comes to them in the next days or weeks. Perhaps, the casino can use different methods or using additional rules for their players. But I bet if that does not make their player feel okay, they will not come to that casino again in the future.

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.

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.

[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.

Your reasoning is wrong. It is not just about gamblers and casinos, it is also about their children and wifes. In my opinion "the freedom of one stops where another's begin" - ergo, in this case if someone gets addicted and the life of children is affected, then the state has the right to intervene.

Do you seriously think that a father who becomes good because the state restricts him and makes him be good is really good? And in general, do you consider such a system acceptable when the state "for the benefit of others" commits violence against an adult capable person? This is a slippery slope that killed many good people.

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.

Sure. I don’t remember exactly who said this (it seems one of the US presidents): the government is not a means of solving problems, the government is a source of problems.

[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.

But we need to remember, these days all casinos are adopting any kind of new regulation which may be government compliance or for the welfare of their customers, so we can expect such rules will be implemented at  most of the crypto gambling houses in quick succession which means gamblers may not have any good reason to switch over anymore.

If gambling houses are really caring about their sustainability of their customers then they might need to implement such new kind of rules so that it will benefit all of them like ruining of one gambler's life may get prevented if houses goes for restricting people who do not have regular income streams. Who knows, in near future houses may start adding income source information as part of their KYC.

It is not easy to implement that thing into crypto gambling as crypto gambling is available on the internet and the government is difficult to suggest them follow their rules. A gambler will have a reason why they need to switch or moving to the other crypto gambling site and if they think that the rule will limit their access to playing gambling, they will move to the other site.

Perhaps, the crypto gambling site needs to adjust its rules to a new form that can still give its members who want to play gambling without completed verification. Hopefully, the crypto gambling site will not use strict rules for its members.

[Sled]

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.