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Author Topic: How Big is the online gambling industry today?  (Read 2966 times)
LUCKMCFLY
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September 22, 2023, 09:58:12 PM
 #501

I think it's "too big", as in there are too many people who gamble that they shouldn't. When thinking about gambling we talk about things that we see here, but there are games on phones that people keep putting money into and try to gamble and end up losing at all times.

I do not think that it's going good right now, there are too many people gambling, people who do not have money as well, it's really turning into a lot worse situation and should be helped out. We need some sort of way to prevent this many people gambling because it hurts societies too badly, too many people end up not really doing a good job and they end up getting poorer and poorer because of it as well. Or we can do the liberal thing and let people do what they want.
I think the main issue here is the lack of financial education, even if you were to receive the highest level of education that your country can offer, there is almost no emphasis on financial literacy, people do not know how the economy works, they have no idea how much they pay on interests on their mortgage or their credit cards, they do not keep a budget, they have no idea of how much money they are saving on their retirement accounts and so on, if people knew how to do all of that then even if they gambled the amount will be so small that it will not be a problem for their finances.
It is very Interesting , in the country where I live I believe that the government wants that there is not so much progress nor that the people are very advanced in terms of it, this so that they have total control over the people, it is something a little Dirty on the part of the rulers , but really some do not care and accept things, so in this case the people who want to improve themselves, their only task is to read many books and learn on their own, which most of us have done, since education is in a very low level, and thus it is very difficult to have great Professionals , however, those who want to have an Education above average, there are still schools and ways to get educated by paying, which is more normal nowadays, But due to the increase in Enrollment , to have a good Place you have to look for it from one day to the next, this for children, now higher Education is now more Difficult for quality Professionals to emerge.

So when it came to Financial Education , and that it be high Enough, things tend to go in a Direction that could be taken as good when it comes to gambling in a casino, since you don't have a high financial education , you simply Now if you are not looking for options to make the money work, no, it is already known that someone who understands what this is like, when they are in a caisno, knows that there must be a balance available only to spend it, and there should not be any problem, because a No matter how Excited you are, but with a high Financial education you know how to handle yourself inside a casino, unless you are Completely drunk and don't know what you are doing, which can also happen and that way you can spend a lot of money , it is the way you I see that Things can be done, otherwise if the people are Careful and have good management and value of money things can turn out well , the Important thing here for me is that a person does not get carried Away by Impulses , that is something that Should be Considered always.

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September 23, 2023, 05:26:10 AM
 #502

I think it's "too big", as in there are too many people who gamble that they shouldn't. When thinking about gambling we talk about things that we see here, but there are games on phones that people keep putting money into and try to gamble and end up losing at all times.

I do not think that it's going good right now, there are too many people gambling, people who do not have money as well, it's really turning into a lot worse situation and should be helped out. We need some sort of way to prevent this many people gambling because it hurts societies too badly, too many people end up not really doing a good job and they end up getting poorer and poorer because of it as well. Or we can do the liberal thing and let people do what they want.
I think the main issue here is the lack of financial education, even if you were to receive the highest level of education that your country can offer, there is almost no emphasis on financial literacy, people do not know how the economy works, they have no idea how much they pay on interests on their mortgage or their credit cards, they do not keep a budget, they have no idea of how much money they are saving on their retirement accounts and so on, if people knew how to do all of that then even if they gambled the amount will be so small that it will not be a problem for their finances.

Pointing it to good money management, it's important that people know how to budget their money. With that kind of mentality, you can gamble with full responsibility.

I mean, if you value your money and you know how to control your expenses, gambling might just be a small part
of your entertainment and maybe if you exceed it will be just a small portion and won't lead to any addiction problem
as you know how to value everything.

And even how big a gambling industry nowadays by sticking with the principles of taking care of your bankroll
the chance is slim to get addicted.
South Park
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September 27, 2023, 06:46:59 PM
Last edit: September 27, 2023, 06:58:55 PM by South Park
 #503

I think the main issue here is the lack of financial education, even if you were to receive the highest level of education that your country can offer, there is almost no emphasis on financial literacy, people do not know how the economy works, they have no idea how much they pay on interests on their mortgage or their credit cards, they do not keep a budget, they have no idea of how much money they are saving on their retirement accounts and so on, if people knew how to do all of that then even if they gambled the amount will be so small that it will not be a problem for their finances.

Pointing it to good money management, it's important that people know how to budget their money. With that kind of mentality, you can gamble with full responsibility.

I mean, if you value your money and you know how to control your expenses, gambling might just be a small part
of your entertainment and maybe if you exceed it will be just a small portion and won't lead to any addiction problem
as you know how to value everything.

And even how big a gambling industry nowadays by sticking with the principles of taking care of your bankroll
the chance is slim to get addicted.
Exactly, but governments want the current status quo to continue and this is because everyone, except people in general of course, benefit from it, if people knew what they were doing with their money they will not waste it in shitcoins or bad stocks, they will not take risks like investing in a market they do not understand and they will not buy useless products they do not need, but since the consumption of those people is a great part of what drives the economy forward, if they were to teach people how to manage their money in a responsible way then the economy may collapse in a matter of weeks.

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September 28, 2023, 03:57:08 PM
 #504

Gambling platforms have evolved tremendously and have now become a significant industry across the globe. Crypto gambling in particular has grown tremendously since its inception. Nowadays making a deposit on a crypto gambling platform is a very easy. A gambler can conduct his gambling without KYC. So , a gambler can easily gamble and It is not easy to identify a gambler in this case. No parent wants to find their child a gambler if he or she declares it by his or her oneself. Gambling has no effect if a gambler is not underage and addicted.
It's very true that recently the online gambling industry has grown so large that it's even becoming more popular than some e-commerce sites and other especially since the evolution of crypto gambling where gamblers need not get a credit card in oder for them to make deposits and gamble at will, they now have to fund their wallets and that's all they are in.

I think the evolution of the online gambling industry is mostly seen on the crypto gambling as ever since it's inception people tend to have embraced it much more than the regular online gambling where they have to get their credit cards to gamble and the KYC on this sites are not at all tedious so it makes it very easy for gamblers to register and get started.

Your last point about gambling not having effect on people who are of the legal gambling age is definitely not very true as it really do have, but it is only permitted because it's believe that at such legal age the gambler is able to make conscious decisions for themselves as it regards participating in gambling and been responsible for any effect that comes after.

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October 02, 2023, 04:32:57 PM
 #505


It's very true that recently the online gambling industry has grown so large that it's even becoming more popular than some e-commerce sites and other especially since the evolution of crypto gambling where gamblers need not get a credit card in oder for them to make deposits and gamble at will, they now have to fund their wallets and that's all they are in.

I think the evolution of the online gambling industry is mostly seen on the crypto gambling as ever since it's inception people tend to have embraced it much more than the regular online gambling where they have to get their credit cards to gamble and the KYC on this sites are not at all tedious so it makes it very easy for gamblers to register and get started.

Your last point about gambling not having effect on people who are of the legal gambling age is definitely not very true as it really do have, but it is only permitted because it's believe that at such legal age the gambler is able to make conscious decisions for themselves as it regards participating in gambling and been responsible for any effect that comes after.

The online gambling was rooted to the huge bottom now a days as compared to the decade.Because we know gambling in the offline form alone was used by the gambler before a decade.Now the online gambling was used nearly 20x of the offline gambling.The horse race is not have a good root now because of the emerge of the online gambling over a decade.The crypto based online gambling was the biggest change over for the online gambling.Because the crypto will give huge after the winning from the gambling sites by just holding for certain period.
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