Gambling is short cut to poverty

[Fivestar4everMVP]

And we can't blame other people if they rely on gambling because that's the only solution they see that they think is right, even if it's not really right.

If it’s not right, then what they’re thinking is definitely wrong. Using the word “rely” seems off because you really can’t rely on gambling to survive. In fact, it’s only going to lead to serious financial problems. I’d only agree if you owned a casino and relied on its operation for income. But as gamblers? Man, we’re just fooling ourselves here. Studies show that the majority of gamblers lose—about 90%—so that’s a massive percentage, and we can’t ignore the truth. We just need to understand and accept it.

Running a casino is a business, so it's doesn't even make any sense to suggest this as an option when it comes to relying on something gambling related for survival, owning a casino is business, a lucrative one for that matter, most especially if well managed and marketed, it can turn out to be the source of financial breakthrough for the owner, no longer about just looking for something to rely on for survival.

And going back to gambling, I agree with all that you have said, but not with some form of exceptions though, it's really hard or difficult to rely on gambling for income, but it's not absolutely impossible, and regardless of what data or studies shows or says, there are still people around the world that having nothing else doing aside from gambling, doing sports betting and so on, and some seem to be making money off it though not without some loses from time to time.
The thing is, level of luck differs for all humans, there are people out there who are highly favored with the ability to easily win games through gambling, and its not impossible for such people to make a living off gambling.

[paxmao]

^^^It is just a like trying to get a right answer when you are asking the wrong question in my view. The OP speaks about poverty and gambling, which is already something of a red flag. Gambling is only for fun unless you are a professional player - e.g. a Poker professional, which is usually not the case if you are poor since you will probably have not money to play and not that much free time to do so.

[bitterguy28]

With gambling gaining awareness each day and the population of those gambling increasing it's calls for concern as many has fallen victim to this money sucking game that makes people not to save their money but loss it.

correct , there are so many people who fails their living because of gambling (if wrongly managed)

But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.

what I made from gambling? losses lol this is why for me personally gambling is not where you can rely your life .

Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

don't your government not controlling gambling?

[Smartprofit]

I don't think gambling causes poverty. There may be a connection between gambling and poverty, but it's not that obvious...

Poverty is often caused by a lack of education. Poverty is often caused by bad habits. But it should also be noted that poverty is often caused by an unwillingness to take risks...

And if a person is afraid of risk, then maybe it would be useful for him to play roulette? With the help of the game, a person can change himself, acquire new skills and abilities.

If a person is a little cowardly (or overly conservative), then maybe he should gamble?

The loss in any case will not be too great, but the person will understand that taking risks is not scary, but even fun and exciting.

[atookz]

Gambling will always give false hope, so don't expect more from gambling. I don't think anyone is successful and rich in gambling, except for bookies. Gamble just for fun and stop when you have to stop, if you do that it will definitely be better.
In my country the government has controlled gambling, they even prohibit gambling. If anyone is caught gambling, they will definitely be punished. In addition, because it is prohibited, gamblers in my country do not have legal protection if they experience fraud or other problems.

[Awaklara]

Gambling will always give false hope, so don't expect more from gambling. I don't think anyone is successful and rich in gambling, except for bookies. Gamble just for fun and stop when you have to stop, if you do that it will definitely be better.
In my country the government has controlled gambling, they even prohibit gambling. If anyone is caught gambling, they will definitely be punished. In addition, because it is prohibited, gamblers in my country do not have legal protection if they experience fraud or other problems.

which makes gamblers eventually poor because gambling is the way gamblers use gambling. if gamblers become poor because they lose all the money they get from their jobs, even with the assets they have, they finally have to be sold for their gambling activities. of course there is something wrong with the gambling that is done.
gambling for fun, those are classic word that many gamblers may not do. but at least be a responsible gambler with your gambling activities. gamblers who know their limits. when more gamblers understand that, I'm sure there will be no one poor because of gambling.

[stomachgrowls]

Gambling will always give false hope, so don't expect more from gambling. I don't think anyone is successful and rich in gambling, except for bookies. Gamble just for fun and stop when you have to stop, if you do that it will definitely be better.
In my country the government has controlled gambling, they even prohibit gambling. If anyone is caught gambling, they will definitely be punished. In addition, because it is prohibited, gamblers in my country do not have legal protection if they experience fraud or other problems.

which makes gamblers eventually poor because gambling is the way gamblers use gambling. if gamblers become poor because they lose all the money they get from their jobs, even with the assets they have, they finally have to be sold for their gambling activities. of course there is something wrong with the gambling that is done.
gambling for fun, those are classic word that many gamblers may not do. but at least be a responsible gambler with your gambling activities. gamblers who know their limits. when more gamblers understand that, I'm sure there will be no one poor because of gambling.

On the time or moment on which you had mold up yourself on having those kind of treatment towards gambling on which you are making it as a source main of income then you will really be definitely be messing up your life into. You are the ones will really be putting up yourself into such problem because thats not how it supposed to be. Its not something that will really be that a solution to poverty but rather its something that will make even things more worst if you wont really be that careful. This is why its really that important that you should really be wary at least into the things that you are dealing into and not really just that make some hasty decisions just because you've been that anticipating that you could be able to win up and make some big money with it. Making such desperations would really be leading into demise.

This is why it will really be better that you should really be setting out those kind of dealing into something that pertains about realistic approach on things on which you do seem that it is really viable.
There are really that those individual that they've been really believing that gambling coudnt really be able to make them poor but in the end they've been really that just ending up into those miserable
situations because of too much desperation and having that kind of positivity which it did really lead into disaster.

[leonair]

^^^It is just a like trying to get a right answer when you are asking the wrong question in my view. The OP speaks about poverty and gambling, which is already something of a red flag. Gambling is only for fun unless you are a professional player - e.g. a Poker professional, which is usually not the case if you are poor since you will probably have not money to play and not that much free time to do so.

When one plays gambling for fun it does not have much effect on him but when one chooses it as a profession it causes him a lot of financial loss.  Because the more serious you are in gambling and the more you panic, the more you will lose.  So of course gambling can make someone poor. But it is not very fast. A person gradually increases the amount of gambling as he gradually becomes addicted and gradually loses his wealth.

[adultcrypto]

^^^It is just a like trying to get a right answer when you are asking the wrong question in my view. The OP speaks about poverty and gambling, which is already something of a red flag. Gambling is only for fun unless you are a professional player - e.g. a Poker professional, which is usually not the case if you are poor since you will probably have not money to play and not that much free time to do so.

When one plays gambling for fun it does not have much effect on him but when one chooses it as a profession it causes him a lot of financial loss.  Because the more serious you are in gambling and the more you panic, the more you will lose.  So of course gambling can make someone poor. But it is not very fast. A person gradually increases the amount of gambling as he gradually becomes addicted and gradually loses his wealth.

Being able to play gamble for fun depends also on if the gambler have other means of earning stead income. This is because there is no way someone whose only hope us gambling will gamble with his money and call it fun. This is why it is expected that before putting money into gambling, provisions for basic personal needs must first be made. This will make the gambler not to be too engrossed in the gambling but rather see it from the angle of fun and entertainment. I think this will help solve the issue of gambling addiction once and for all.

[junder]

When one plays gambling for fun it does not have much effect on him but when one chooses it as a profession it causes him a lot of financial loss.  Because the more serious you are in gambling and the more you panic, the more you will lose.  So of course gambling can make someone poor. But it is not very fast. A person gradually increases the amount of gambling as he gradually becomes addicted and gradually loses his wealth.

I agree with what you said, someone who gambles for fun is unlikely to experience problems that affect them, but with those who gamble for the purpose of making money or making it a profession as you said, then they could experience quite serious or even big problems and will affect them financially or mentally, because there are also those who I think have mental problems when they have experienced big problems because of gambling.
It has become a certainty and there are also many cases that occur about someone who becomes poor because of gambling, if they do their gambling gradually with increasing behavior in gambling, then addiction is something that is likely to happen including its consequences.

[EarnOnVictor]

I can't argue otherwise that gambling is not a shortcut to poverty as anything risky and senselessly done can deep you into poverty. But what I won't agree with is that all people can be poor due to gambling, it's all about how we prepare for it and actually engage in it. Gambling itself is not bad, the issue is that people are engaging in the activity wrongly, so what do you expect? Most people gambling are doing it for the money and some are even very desperate to earn money from it. This bad mindset towards gambling will never help anyone but further push them into poverty because they can never be responsible in doing it and this will surely end up in frustration.

I would not fully agree with you. If any newbie hears about gambling and gets a false perception that he can become rich with gambling within no time, he will invest everything in gambling. This may lead to loss of the gambling game or bet and hence a person can quickly move to a level close to poverty.

I can re-emphasize that gambling can lead to poverty if a gambler is not careful and do not clearly understand the pros and cons and the risks that gambling has and its effect on our financial lives.

Was this premeditated before coming to reply to my post, or did you want to reply to another person's post but mistakingly replied to mine? I can't understand. We are actually saying the same thing, gambling is too risky for anyone to believe it is a means to get rich easily, and looking around us, more people are losing which is why bookies are getting richer, so I can't say otherwise to your view.

[danherbias07]

Gambling will always give false hope, so don't expect more from gambling. I don't think anyone is successful and rich in gambling, except for bookies. Gamble just for fun and stop when you have to stop, if you do that it will definitely be better.
In my country the government has controlled gambling, they even prohibit gambling. If anyone is caught gambling, they will definitely be punished. In addition, because it is prohibited, gamblers in my country do not have legal protection if they experience fraud or other problems.

False hope. That is right. But that is only if we are expecting too much.
There are times when gambling can give some wins initially and that is most likely a trap that they set up to urge more gamblers to keep on playing. That is false hope too.
The only answer to avoid poverty is to work hard and there's not much to risk by doing that. It's only our own effort and some tiredness to make a salary.
Gambling is meant to make a game more exciting, any game, sports, cards, and others. If we play them without money at risk, we can easily get bored with it and that is why gambling was injected into it.

[Yatsan]

With gambling gaining awareness each day and the population of those gambling increasing it's calls for concern as many has fallen victim to this money sucking game that makes people not to save their money but loss it.
But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.
Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

Of course, most of the Population lose a lot of money Sometimes it's even necessary to save one's life. Thus, responsible gambling becomes even more important.

Although the form of gambling is entertaining, and sometimes people do win, it is in no way a guaranteed method for acquiring wealth. But for most people, it's having fun rather than making money. Ideas about setting the maximum amount a person can gamble in government regulations may be reasonable enough for keeping the people safe. But how does that play out in practice?

In my view, if we can strengthen financial education and make people more aware of the pitfalls and dangers of addiction, we could well educate more people of the dangers. Perhaps fewer young people will fall into the trap of loss.

Gambling will always give false hope, so don't expect more from gambling. I don't think anyone is successful and rich in gambling, except for bookies. Gamble just for fun and stop when you have to stop, if you do that it will definitely be better.
In my country the government has controlled gambling, they even prohibit gambling. If anyone is caught gambling, they will definitely be punished. In addition, because it is prohibited, gamblers in my country do not have legal protection if they experience fraud or other problems.

False hope. That is right. But that is only if we are expecting too much.
There are times when gambling can give some wins initially and that is most likely a trap that they set up to urge more gamblers to keep on playing. That is false hope too.
The only answer to avoid poverty is to work hard and there's not much to risk by doing that. It's only our own effort and some tiredness to make a salary.
Gambling is meant to make a game more exciting, any game, sports, cards, and others. If we play them without money at risk, we can easily get bored with it and that is why gambling was injected into it.

This is a very plausible statement; that gambling is used to give some false hope. The aforementioned scenario can be more or less true as people start to believe that they are going to win every single time. This initial feeling of winning can also work as an entry way for it to lure people into its trap to continue playing until the amount is too much and they find it impossible to take back. That is why boundaries and the enforcement of knowing the time to stop is also crucial.

It's really interesting that gambling is banned in your country, and I wonder whether that would actually reduce the number of people who gamble, or would push them into underground activities where they're exposed to very high levels. In some cases, there may be an impact, for instance by moving people to places where it's not allowed or is not controlled which means it is completely unsafe.

You're saying, and I agree with you, that ultimately the best safety net for one's own finances is pure hard work. And I also believe that if people recognized gambling as an entertainment experience, Understanding it does not bring funds can be a crime. At the same time perhaps people must know what the actual risks are before they go on with such addiction.

When one plays gambling for fun it does not have much effect on him but when one chooses it as a profession it causes him a lot of financial loss.  Because the more serious you are in gambling and the more you panic, the more you will lose.  So of course gambling can make someone poor. But it is not very fast. A person gradually increases the amount of gambling as he gradually becomes addicted and gradually loses his wealth.

I agree with what you said, someone who gambles for fun is unlikely to experience problems that affect them, but with those who gamble for the purpose of making money or making it a profession as you said, then they could experience quite serious or even big problems and will affect them financially or mentally, because there are also those who I think have mental problems when they have experienced big problems because of gambling.
It has become a certainty and there are also many cases that occur about someone who becomes poor because of gambling, if they do their gambling gradually with increasing behavior in gambling, then addiction is something that is likely to happen including its consequences.

People who gamble with the aim of making money often face problems. Especially if they fall into the mindset of trying to “recoup” their losses or turn them into work. Gambling for fun is one thing. But when it comes to being a source of stress or how to manage money? That's where the real danger lies.

Mental health also plays a role. Both the highs and lows of human trafficking can easily worsen problems like anxiety, depression, or compulsive behavior. I have seen how satisfaction can turn into obsession when people start chasing early wins. And when it comes to that point It's hard to abandon yourself without being actively involved.

It comes down to creating balance and clear boundaries. Accepting gambling as fun which you can sometimes enjoy Knowing that failure is part of the game. It seems like the best strategy. But it's important that people understand the risks before they find themselves in too deep.

[Iranus]

When one plays gambling for fun it does not have much effect on him but when one chooses it as a profession it causes him a lot of financial loss.  Because the more serious you are in gambling and the more you panic, the more you will lose.  So of course gambling can make someone poor. But it is not very fast. A person gradually increases the amount of gambling as he gradually becomes addicted and gradually loses his wealth.

I agree with what you said, someone who gambles for fun is unlikely to experience problems that affect them, but with those who gamble for the purpose of making money or making it a profession as you said, then they could experience quite serious or even big problems and will affect them financially or mentally, because there are also those who I think have mental problems when they have experienced big problems because of gambling.
It has become a certainty and there are also many cases that occur about someone who becomes poor because of gambling, if they do their gambling gradually with increasing behavior in gambling, then addiction is something that is likely to happen including its consequences.

Honestly, if we say that we gamble not to make money but for entertainment, it sounds like a lie. I don't believe that there are people who gamble just for fun and don't care about winning or losing. And I don't think gambling for money is bad or will make us poor. If we gamble according to a plan, with discipline, and only play with money we can afford to lose, we will never fall into poverty.

But I agree that making money from gambling should only be done when you have free time, never turn it into a career or think of relying on it to generate income. That was a really bad and stupid idea. It all depends on us, don't blame gambling when we are greedy, lazy, and get rich quickly...

[Rockstarguy]

Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

Yea you are correct and many people have also made good amount of money in gambling which they never expected. Those who have also lose money in gambling they expect such amount of money will be lost, that is to tell you gambling can't be predicted,  it is just a game of luck. You can play and lose and you can also play and win, winning in gambling is not guaranteed. Gambling is understanding, when it is well understood you can't lose so much that will cause you pain, you will only lose what you can afford.

Gambling is not the problem just that people misunderstand it which they have high expectation from it. If gamblers understands that gambling is not certain atleast it will make them to play with amount that won't make them to go broke.

[passwordnow]

Those that are proud to say that they're able to make it because of gambling, they are inspiring. But them being an inspiration doesn't mean that others are also going to make it. Some studies have been made about poverty levels and incomes made after and before gambling, so it's up for everyone to understand how this study shows;



So we can compare those quality of life and its levels that the poor really sees some hope because of gambling. But I wouldn't advise that are struggling to go all in and out for it.

[Taskford]

Those that are proud to say that they're able to make it because of gambling, they are inspiring. But them being an inspiration doesn't mean that others are also going to make it. Some studies have been made about poverty levels and incomes made after and before gambling, so it's up for everyone to understand how this study shows;

There are few people really make it especially if those people hit a one time big jackpot in the casino. But we need to understand that this situation will always happen since gambling has its own down side. People are been hyped with the gains but they didn't even bother to know about the losses those people get. If they just count their win loss stats for sure that these people could figure out that everything in gambling is not sustainable.

To become rich from this maybe they need extreme luck first. But usually this situation is hard to happen so most provably what they able to encounter is massive losing if they usually end up chasing for possible win.

[HONDACD125]

^^^It is just a like trying to get a right answer when you are asking the wrong question in my view. The OP speaks about poverty and gambling, which is already something of a red flag. Gambling is only for fun unless you are a professional player - e.g. a Poker professional, which is usually not the case if you are poor since you will probably have not money to play and not that much free time to do so.

Well, the question isn't logically wrong because there are hundreds of cases in the world of people gambling away all their wealth or savings or properties and then becoming financially unstable only because of their gambling addiction. You can read this article to understand what I'm talking about in general, and this is only one story, there are literally hundreds and thousands of people who lose substantial amounts of money in gambling even when they can't afford to do that continuously which means they are losing whatever they have which logically means they are moving towards poverty.

Gambling addiction can be very dangerous. Some people might take it lightly saying that it isn't that serious and a person can easily get out of it, but that isn't how the reality is. The reality is, someone who becomes addicted to gambling will most probably ruin their life and the lives of others directly associated with them if they don't realize it in the initial stage and back off.

[MArsland]

With gambling gaining awareness each day and the population of those gambling increasing it's calls for concern as many has fallen victim to this money sucking game that makes people not to save their money but loss it.
But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling, is gambling worth it and if really anyone has made it through gambling can he/she proudly tell the younger ones that gambling is what going into.
Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.

If anyone is 100% successful in gambling then honestly I haven't found any real examples either in my immediate environment or on social media because most of those who are successful are only influencers paid for their services when promoting gambling. Whether or not it is worth it depends on the amount you are prepared to spend and the level of satisfaction you are looking for in gambling. Because the goal of every gambler is in themselves, gambling for fun or gambling for profit. I find it hard to say for sure because gamblers will choose their own path.  Therefore for me gambling is only for the enjoyment of privacy, to fulfil ambitions that cannot be channelled in real life.

[Odusko]

Those that are proud to say that they're able to make it because of gambling, they are inspiring. But them being an inspiration doesn't mean that others are also going to make it. Some studies have been made about poverty levels and incomes made after and before gambling, so it's up for everyone to understand how this study shows;



So we can compare those quality of life and its levels that the poor really sees some hope because of gambling. But I wouldn't advise that are struggling to go all in and out for it.

Is this study applicable for all? I am trying to believe but sometimes some people are very lucky in gambling, they don't usually experience huge losses, they are mainly gaining a lot of money from betting because some do even pay to join for sure odds and some do pay, but most of the people benefiting from them are people with money to place on a particular bet.
Sources of income for gamblers rate can be true according to your analysis because gamblers do spend huge money when they win, and they don't mostly use the money in the right track as gambling do take back the money.