Economic Costs of Gambling

[tabas]

When they are ready to take the risk then they also should face the consequences if the results went negative.

There is no choice.
No risk, no reward and this is gambling. The consequences are permanently there and there is no way to alter it. Losing it will make him think that he has to do it again.

[1714684300]

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[Rengga Jati]

When they are ready to take the risk then they also should face the consequences if the results went negative.

There is no choice.
No risk, no reward and this is gambling. The consequences are permanently there and there is no way to alter it. Losing it will make him think that he has to do it again.

Actually, when deciding to enter the crypto world, especially the gambling world, we must be ready for the risks. Every decision will always involve risks.
That is why we must know and understand exactly how to manage the risks in order to minimize the risks of losing.
If we have known about the risks, but we don't learn yet, only follow somebody else, not even trying to learn from its experience in gambling, the risks will be higher.
You are right that no risks, no rewards. If we don't take the risks, we may not get what we want. But if we want to take the risks, we must know how to minimize the risk, at least, how to avoid the condition in that risks.

[dunfida]

When they are ready to take the risk then they also should face the consequences if the results went negative.

There is no choice.
No risk, no reward and this is gambling. The consequences are permanently there and there is no way to alter it. Losing it will make him think that he has to do it again.

Actually, when deciding to enter the crypto world, especially the gambling world, we must be ready for the risks. Every decision will always involve risks.
That is why we must know and understand exactly how to manage the risks in order to minimize the risks of losing.
If we have known about the risks, but we don't learn yet, only follow somebody else, not even trying to learn from its experience in gambling, the risks will be higher.
You are right that no risks, no rewards. If we don't take the risks, we may not get what we want. But if we want to take the risks, we must know how to minimize the risk, at least, how to avoid the condition in that risks.

Maximizing risk in the sense that you wont really needing to go too far on such decisions which might cause for you to go on things which would be more risky and might result into being wrecked with gambling.

You should be aware with that risk and wont tending to deal or make yourself get addicted because once you do get shackled with addiction then this is where hard problem do rise up.

Addiction could result into various possible bad decisions which would really be the reason for you to get the situation makes even more worst.

[paxmao]

~snip

Gambling is part of society even before our ancestors comes to live , meaning that this must be depend on how we treated and how we managed our activities.
saving funds for gambling as an extra amount is what we must do and not to spend more than that.

You might want to rephrase what you've just said, if it's before our ancestors then that means that gambling has existed even before humans that have a conscious and rational mind existed. I get your point though, gambling existed for a really long time. Also, I call BS on that saving funds for gambling, not everyone has to gamble or save money to gamble.

Gambling is just a choice, if someone wants to gamble and they can really afford for it then just go and gamble and get all the fun. Meanwhile its not for everyone and there is no need to allocate certain funds from our earnings only for the gambling purposes, we can allocate for entertainment and spend it on gambling and other things as well it depends on the budget.

I think that the economic costs of gambling at country or state level are not really a problem. You could argue that there is a social cost for those that take it too far and up to the point of not being able to pay for their basic expenses or put in danger their life. However those cases are not as many as to put in jeopardy or even damage noticeably the economy of the state, whereas that is much covered by the additional taxes and economy generated from it.

[tabas]

When they are ready to take the risk then they also should face the consequences if the results went negative.

There is no choice.
No risk, no reward and this is gambling. The consequences are permanently there and there is no way to alter it. Losing it will make him think that he has to do it again.

Actually, when deciding to enter the crypto world, especially the gambling world, we must be ready for the risks. Every decision will always involve risks.
That is why we must know and understand exactly how to manage the risks in order to minimize the risks of losing.
If we have known about the risks, but we don't learn yet, only follow somebody else, not even trying to learn from its experience in gambling, the risks will be higher.
You are right that no risks, no rewards. If we don't take the risks, we may not get what we want. But if we want to take the risks, we must know how to minimize the risk, at least, how to avoid the condition in that risks.

That can be done by everybody but the problem is that whenever someone who's new to it, he don't analyze what he's taking and how much risk is being taken.
The risk is there but it seems to be not that much at all when they're going for it. Until they lose a lot, that's when they're starting to realize that the risk they're taking are that much.

[STT]

I think that the economic costs of gambling at country or state level are not really a problem.

We're talking about the circulation of money here really, the wins and losses are balanced against each other in the large majority.  The house has some cost but its pretty minor as a cost, the real negative to consider is the time taken playing the game but consider every other waste of time people could have.   To consider gambling the only negative and its all about the money is missing the point I think, if people handle their money so badly they will go broke and it might not even involve any type of gambling.  A person can even go broke doing as something as normal and routine as buying a house because houses can be a gamble also, we cannot rule out human judgement and freedom to make mistakes; I never quite get people argue freedom is the negative.

[iTradeChips]

For one, money that should be alloted elsewhere, mortgage payment, bills to pay, alimony, savings, and others, are being used as gambling money by those who already exhibit gambling problems. So even if gambling affects the smallest unit of the society which is the family, of course the many families affected by gambling, this is becoming an issue with the society in general. Issues with the gambler can lead to small economic issues like lack of money to pay for taxes, being late for work, laid offs, and worst depression and death by syndicate due to huge gambling death, which leads to one fewer person in the workforce. So multiply that then we might have a potential issue that will affect the economy.

[jrrsparkles]

When they are ready to take the risk then they also should face the consequences if the results went negative.

There is no choice.
No risk, no reward and this is gambling. The consequences are permanently there and there is no way to alter it. Losing it will make him think that he has to do it again.

Actually, when deciding to enter the crypto world, especially the gambling world, we must be ready for the risks. Every decision will always involve risks.
That is why we must know and understand exactly how to manage the risks in order to minimize the risks of losing.
If we have known about the risks, but we don't learn yet, only follow somebody else, not even trying to learn from its experience in gambling, the risks will be higher.
You are right that no risks, no rewards. If we don't take the risks, we may not get what we want. But if we want to take the risks, we must know how to minimize the risk, at least, how to avoid the condition in that risks.

Managing our funds in the right way will reduce the risk a lot but it only comes with the experience so people should be ready to face losses and learn from it or else there is no other way. Importantly gambling is not an investment idea so that even if we take huge risk then we may end up with a loss as well so anyone wants to make money with such risk should choose some other thing instead of gambling.