Gambling is short cut to poverty

[Smartprofit]

If you want to get rich, casinos and gambling are not the place to do it. For long-term profits, betting is better if you like working with random values. But the best way to increase capital is trading or investing. Perhaps even investing is the best way. If you think that your wealth must necessarily be related to the casino, then you can invest in the casino itself. There are tokens that develop the casino. In some cases, you can invest in the capital of the casino. Sometimes you can invest in casino shares. But trying to get rich by playing roulette or dice is stupid. This is really the shortest path to poverty.

I heard a story about an actor who played the role of a swindler and adventurer Ostap Bender in a movie.

This actor once made three bets in a row on a specific number (while playing roulette) in an offline casino. And he won all three times! He never played roulette again. He invested the winnings in a restaurant and became a successful restaurateur. This allowed him to become a rich man.

I also heard a story about a very timid and fearful man who trained his courage and readiness to take risks by playing dice and roulette. This allowed him to become more tolerant of risk and create his own successful business.

However, such stories are quite rare. In most cases, gambling really does not allow you to become rich, and sometimes even leads to poverty.

[NotATether]

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.

Government regulation? LOL that is not going to happen.

In most countries, gambling firms are operating under the radar, either because gambling is prohibited in the country or because they don't have a proper license.

So the last thing they want is the government taking over their operation, as that will sap all the profits from their own pockets.

[MrEazyLife]

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.

It depends on how one goes about it. In the world of gambling there are some who are addicted to it and those who plays for fun.
Those who are addicted to it ends up going broke after using all they have to gamble. Then it turns out that those who are playing fr fun are the ones making the money out of it.
Gambling has served as an escape route out of poverty for some, while it has drained some too.
The addicted ones are the reason why the government wants to regulate gambling. It’s never easy coming out of it but then gambling is a two said way thing. It can make and destroy one.

[nara1892]

Gambling is a shortcut to poverty? Yes I can agree with that assumption, it is an assumption based on a fact, but unfortunately most people are trapped in a misconception where gamblers especially those who fight against the casino's advantage think that gambling is an alternative or solution to overcome financial problems and that is why they eventually experience a slump in their lives which initial impact refers to the loss of financial stability.

On the other hand I think that if the object of victory in gambling is not money then it seems very unlikely for gamblers to misunderstand what and how gambling really is, when someone is faced with the opportunity to get money with little effort then that's where they will put great hope and of course that is a fatal mistake in thinking, so use your common sense, don't be easily tempted by everything that looks tempting, you don't know the negative side.

Most people believe that they will succeed in gambling because some people have become wealthy through gambling and they believe they can do the same. However, not everyone can benefit from gambling, and if you see yourself losing too much, it is better for you to stop and look for another alternative to invest your money. If gambling is not favorable for you, I can say that it is a shortcut to poverty because you will be losing dippy, and if he has become a part of your life that is addicted, and you won't get something mindful to do with your funds because anytime you will be thinking how can you get your money back you spend on bet, and anytime you stake if you lose, you will start thinking you should try again you will get money back and if you win, still you will be getting motivation that you will win again, so is more better you should get something doing if you are types of person that like gambling is more better you should have source of income, that you will be paying and the main problem you should not let you be addicted in your life because you will not get better thing to do.

Actually I really doubt about people who have managed to get rich in gambling, or I mean I don't believe that there are people who have managed to get rich just by gambling, I understand that everyone has the opportunity to get a big win, but one thing we must remember is that it only happens occasionally and usually when someone manages to win a large amount then usually the amount they lose the next time will definitely be bigger because usually in gambling when someone manages to win big then they will be more aggressive in treating their gambling because of the hope of getting the same amount of winnings as before, so I only believe that people who have managed to get rich from gambling are those who have casinos or bookies. On the other hand, the advice you provide is quite good and that is the approach of an addicted gambler, which is simply when they win they will be addicted and when they lose they will feel curious and keep trying again until they finally reach a situation full of depression in the sense of losing all the money they have along with having a lot of debts usually and this is a very dangerous situation that in most cases leads a gambler to various unexpected actions such as suicide for example, and this is why a gambler must have the right approach.

[Dr.Bitcoin_Strange]

As a matter of fact, I think anyone gambling should always have the mind set that what they are playing is a game of luck and not some sort of investment that can guarantee a certain cool APY. Gambling is not a side hustle and not also a source of income. Just last week, I lost more than $20 in different bets which among all my bets last week, I didn't even win any one. So, does it mean if I took it as a side hustle or source of income, I will even be disappointed as well, but I don't.

Although in gambling there are opportunities to be able to benefit, but indeed this is not something that can be used as one of our hopes, maybe more precisely we should only do it limited to the game with good benefits or loss that occurs then just accept it. Very vulnerable to addiction in my opinion if making or considers gambling become one of the side jobs or even sources of income.

Yes, there's possibility that one can be very lucky and have a huge win which they can just use the money for a very important stuff after winning but I guess that such luck is rare. For example, I have a game that I staked on last week Sunday, it's an accumulation of 40 matches which gave me about 1.5k odds and I used $1 to stake on that game which gave a potential win of $65k. About 9 games have already played as predicted and the rest of the 31 games will happen in the coming week. If luck runs perfectly and all that game go as predicted, then I will win a huge amount but it's rare for such luck to happen.

[Obim34]

The government will not care about it, so the main step that must be taken is to control yourself, we all know and often see people who go bankrupt because of gambling, that's why we have to be responsible gamblers, to avoid bankruptcy.

The government are making money from tax from these gambling companies, so they wouldn't want to stop what is generating money for them. Even if the government tries to regulate gambling,  people will still look for away to gamble.  Gamblers are responsible on how they gamble, one just need to be conscious and have understanding that gambling is unpredictable and I think with these understanding one should never find it difficult on how gambling must be be played.

All gambling platforms are government authorized, they do not operate based on their own allowance and as much terms are discussed with the government concerning their operation in the market, that is why they are hardly sued especially when playing some games aside sports betting that involves the company deciding the result.

Gambling is not the right source of making money, not even an option of doubling income earned. Gambling can be the shortcut to poverty only when the user makes himself vulnerable without considering the risk from his involvement. Gambling sites always tells us to gamble responsibly, this clears them off the picture because you were earlier warned before falling victims. Gambling can also be done physically or locally, this tells it all comes to personal decision making, to be victimised or not.

[vino.gcs]

As a matter of fact, I think anyone gambling should always have the mind set that what they are playing is a game of luck and not some sort of investment that can guarantee a certain cool APY. Gambling is not a side hustle and not also a source of income. Just last week, I lost more than $20 in different bets which among all my bets last week, I didn't even win any one. So, does it mean if I took it as a side hustle or source of income, I will even be disappointed as well, but I don't.

Although in gambling there are opportunities to be able to benefit, but indeed this is not something that can be used as one of our hopes, maybe more precisely we should only do it limited to the game with good benefits or loss that occurs then just accept it. Very vulnerable to addiction in my opinion if making or considers gambling become one of the side jobs or even sources of income.

Yes, there's possibility that one can be very lucky and have a huge win which they can just use the money for a very important stuff after winning but I guess that such luck is rare. For example, I have a game that I staked on last week Sunday, it's an accumulation of 40 matches which gave me about 1.5k odds and I used $1 to stake on that game which gave a potential win of $65k. About 9 games have already played as predicted and the rest of the 31 games will happen in the coming week. If luck runs perfectly and all that game go as predicted, then I will win a huge amount but it's rare for such luck to happen.

it takes a lot of luck and many times it is difficult to have it because there are games that are clearly scripted and it is difficult to win
then if luck comes along, you have to be patient and wait for the right moment and hope that there is an excellent opportunity

[Fredomago]

The government will not care about it, so the main step that must be taken is to control yourself, we all know and often see people who go bankrupt because of gambling, that's why we have to be responsible gamblers, to avoid bankruptcy.

Indeed, it's your obligation to yourself to control your emotions, it will lessen the chance of getting hook and just like how the title of this thread gambling is a shortcut way to poverty of you unable to manage your finances and just keep pushing in hope that you might win huge and become rich, most of the time, when you are dreaming big the risk that you are willing to take is really huge, better to control than lean to anyone including the government. It's on you and nothing else to control yourself not to lose a lot.

It's true, as you said, when emotions start to run ahead, there is no hope of anyone being able to control them except yourself because this is the only way to avoid what is called looking for shortcuts but it is clear that it will plunge us into poverty. There are big risks in gambling.
Everyone has dreams and hopes of winning big, therefore we must be able to control ourselves as much as possible to avoid the big risks that will befall you. For the sake of a shortcut to becoming rich, we always depend on the uncertain. losing a lot in gambling can make you control your emotions well.

The very reason why we do need to make sure that we are above from our emotions to avoid any excess when dealing into gambling, just like what I said, it's tempting to push yourself and find that luck in hope that youll be able being compensated but if you fail to control then you'll suffer from losing a lot to the point that you'll be losing everything.

You need to have that self-will to stop and control whatever your participation, it's your key to prevent losing more when you deal into gambling.

[Dewi Aries]

It's true, as you said, when emotions start to run ahead, there is no hope of anyone being able to control them except yourself because this is the only way to avoid what is called looking for shortcuts but it is clear that it will plunge us into poverty. There are big risks in gambling.
Everyone has dreams and hopes of winning big, therefore we must be able to control ourselves as much as possible to avoid the big risks that will befall you. For the sake of a shortcut to becoming rich, we always depend on the uncertain. losing a lot in gambling can make you control your emotions well.

The very reason why we do need to make sure that we are above from our emotions to avoid any excess when dealing into gambling, just like what I said, it's tempting to push yourself and find that luck in hope that youll be able being compensated but if you fail to control then you'll suffer from losing a lot to the point that you'll be losing everything.

You need to have that self-will to stop and control whatever your participation, it's your key to prevent losing more when you deal into gambling.

It is clear that anything that seems excessive will always be bad and usually often these actions occur because of emotions that influence and I would say that one thing that can keep us away from emotions is to treat gambling with the right approach or according to your abilities, such as only betting with small amounts.

It has been proven to be able to keep a gambler away from emotions especially when they experience defeat, on the other hand many people say that controlling oneself and emotions is very difficult, that is true, but what we have to think about here is not treating the disease but rather overcoming something that triggers it where as I said above that if you don't want to get caught up in emotions then there is no other way than not treating gambling beyond your abilities.

[Fredomago]

It's true, as you said, when emotions start to run ahead, there is no hope of anyone being able to control them except yourself because this is the only way to avoid what is called looking for shortcuts but it is clear that it will plunge us into poverty. There are big risks in gambling.
Everyone has dreams and hopes of winning big, therefore we must be able to control ourselves as much as possible to avoid the big risks that will befall you. For the sake of a shortcut to becoming rich, we always depend on the uncertain. losing a lot in gambling can make you control your emotions well.

The very reason why we do need to make sure that we are above from our emotions to avoid any excess when dealing into gambling, just like what I said, it's tempting to push yourself and find that luck in hope that youll be able being compensated but if you fail to control then you'll suffer from losing a lot to the point that you'll be losing everything.

You need to have that self-will to stop and control whatever your participation, it's your key to prevent losing more when you deal into gambling.

It is clear that anything that seems excessive will always be bad and usually often these actions occur because of emotions that influence and I would say that one thing that can keep us away from emotions is to treat gambling with the right approach or according to your abilities, such as only betting with small amounts.

It has been proven to be able to keep a gambler away from emotions especially when they experience defeat, on the other hand many people say that controlling oneself and emotions is very difficult, that is true, but what we have to think about here is not treating the disease but rather overcoming something that triggers it where as I said above that if you don't want to get caught up in emotions then there is no other way than not treating gambling beyond your abilities.

Well said, if you are using spare money an amount that you can let go for sure it's different compared to how you feel when you are using decent amount as you'll keep trying to recover until you realize that there's nothing more left on you,  where if you are using small amount you are treating it as for killing some time and there's nothing to create an emotion that will lead you to keep adding more, if you lose then you quit and bring the entertainment, if you win, then treat it as bonus after enjoying.

[Accardo]

All gambling platforms are government authorized, they do not operate based on their own allowance and as much terms are discussed with the government concerning their operation in the market, that is why they are hardly sued especially when playing some games aside sports betting that involves the company deciding the result.

Gambling is not the right source of making money, not even an option of doubling income earned. Gambling can be the shortcut to poverty only when the user makes himself vulnerable without considering the risk from his involvement. Gambling sites always tells us to gamble responsibly, this clears them off the picture because you were earlier warned before falling victims. Gambling can also be done physically or locally, this tells it all comes to personal decision making, to be victimised or not.

While there are not a part of what gambling does to a player, it's also of need that people learn from mistakes. Undoubtedly, it's not simple to forgo the urge of continuous wagering, but that slight control that's given to gamblers on self regulation is quite neglected. And it's affecting too many people who think that the house has caused them troubles.

They could be right, yet that's not what it seems like,  because the mental disordered state that leads to the loss of control didn't just start out on its own. Gamblers can limit themselves towards reaching that compulsive level.

[boyptc]

I bet that many of us have thought to become real life gamblers and become rich someday. Because I am one of the people that have thought that it can be an easy path to make myself one of the riches through gambling.

But that's just a gambler's fallacy that keeps on cycling in our minds when we're so close to reaching those wins.

All gambling platforms are government authorized

Not all.

The newly established that are testing the waters aren't authorized or recognized by the government so, mostly don't apply for licenses until they become popular and when the urge is needed for them to apply for one.

[wheelz1200]

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.

How would you control how much someone can gamble and then how would they be locked out of gambling any further?  In the end it's up to people to control tueor own issues amd urges.  If it's legal to smoke cigarettes what's stopping someone from smoking 6 packs a day amd dieing an early death, nothing.  It's up to the person to moderate anything in life.  Gbling is no differemt.

[Miles2006]

I believe more in freedom even when people violate gambling activities let them continue with their gambling lifestyle, it’s wrong whenever gamblers try to create a wrong narrative about gambling making people view gambling as bad. The money they used in gambling belongs to them so they have every right to control their money besides can the government control gambling? Government might make things more difficult for gamblers if they’re given the opportunity and i don’t think that’s possible as seen how few countries ban gambling activities and tax fee.

[LDL]

The government will not care about it, so the main step that must be taken is to control yourself, we all know and often see people who go bankrupt because of gambling, that's why we have to be responsible gamblers, to avoid bankruptcy.

No matter how aware the government is, when the people of a country are not aware, there is no way the government can control gambling. No matter how much the government declares gambling as a ban or how much tax is imposed on gambling, it cannot be controlled if the people are not made aware of it. When the young generation of a country cares about something then it goes beyond the control of the government especially the young generation is so addicted to gambling that somehow it is no longer under the control of the government.

[Rengga Jati]

Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling

I don't deny this, it is the fact. However, it is because many people don't understand how to gamble in the right way. They also have the wrong mindset about gambling. Most people assume gambling is the right way to be rich in a short time, so they spend all their money to try luck in gambling. They don't know what gambling is, they don't view it as an entertainment only. This wrong mindset leads to severe losses.

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.

I think government controls gambling in every country. There is strict regulation about gambling in any country in the world. Unfortunately, there are still many people who don't follow the rules. Even, there are many too young gamblers. This also contributes to the increase of addiction cases.

[bisdak40]

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.

There are countries that prohibit their citizens from gambling, and I really admire this move. Gambling can lead people to poverty if they lack discipline and gamble excessively. While you might win one day, you will likely lose on another—that’s the cycle of gambling. Some wealthy individuals may view it as a leisure activity, but I don’t believe gambling is purely for fun, as losing money is never enjoyable.

[LogitechMouse]

I bet that many of us have thought to become real life gamblers and become rich someday. Because I am one of the people that have thought that it can be an easy path to make myself one of the riches through gambling.

But that's just a gambler's fallacy that keeps on cycling in our minds when we're so close to reaching those wins.

Yes, and no as well.

Yes, in the sense that in the past, I want to make money through gambling and it's my main priority. No because over time, as I spend more time in gambling section here in this forum, I realized that it isn't money that's the main priority when it comes through gambling but being entertained. Yes, the money is there no doubt, but if you're gambling for money, you will spend more money especially if you lose.

Being rich in gambling isn't impossible, but the road to it is very hard, and you need a lot of money and luck of course in order to do it... or just luck is enough.

All gambling platforms are government authorized

Not all.

The newly established that are testing the waters aren't authorized or recognized by the government so, mostly don't apply for licenses until they become popular and when the urge is needed for them to apply for one.

I agree with this.

Another problem is that many unauthorized gambling platforms are being promoted on various social media platforms. I mean just in our country alone, we've seen some online gambling platforms that are unauthorized and yet, they're being advertised by these popular influencers. Sadly, our government works really slow with regards to this problem, and as soon as they make a move, many already lost their money by trying on that website.

[CroverNo01]

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.

Gambling is not my thing, is it yours? It can never take someone to the heightened point because it's volatile and the profits running in will definitely smashed out as losses. We just have to understand the basis of the system.

Gambling is good and also bad, it all depends on the purpose it serves for you. Gambling activities should be regulated because the vast majority now have absolutely nothing to do other than settling for gambling, leading to gambling addicts, these set of people are desperate, they even go as far as selling their private properties just to raise money for gambling. I know it's not easy controlling them but one have to raise discipline above all other needs, one needs to stand upright with his dealings in the system that's been designated to lyre people into losing major assets.

[Hirose UK]

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.

There are countries that prohibit their citizens from gambling, and I really admire this move. Gambling can lead people to poverty if they lack discipline and gamble excessively. While you might win one day, you will likely lose on another—that’s the cycle of gambling. Some wealthy individuals may view it as a leisure activity, but I don’t believe gambling is purely for fun, as losing money is never enjoyable.

But unfortunately some countries that prohibit their citizens from gambling cannot really have powerful effort to suppress and stop every gambling activity carried out by their citizens secretly, the prohibition is only series of written words, there is no real effort to be able to regulate it with certainty.

Whatever the results when it has bad impact, it is actually the fault of the people themselves who cannot have the right approach and cannot control themselves in using money and time, all of this can only be stopped and truly suppressed when there is awareness from each individual.
Indeed, every gambler with rich and poor background must be different in terms of responding to and accepting every result of gambling, but at least when someone can accept defeat, they don't think about spending more money and will not consider it deep disappointment even though you are right that losing money is not fun thing.