Gambling is short cut to poverty

[Akbarkoe]

I agree that gambling will be a shortcut for you to be poor, like you give money to the dealer or to other players, but that happens if you spend money without calculation, risking all your wealth in gambling, it is a form of self -impoverishment attitude, but that Not only applies to gambling, in any field without you having good control in managing yourself with your money then you will become poor as soon as possible, this is not a problem of gambling but a user problem that has stupid thinking in finance speaking.

I have to agree with what you said, because the fact is that gambling is a place to have fun and spend money for those who want to get pleasure from gambling, and without good money management it will destroy yourself in gambling, that's why many people here say that money management is very important in gambling, And a lot of people recommend below 10% of good income for the gambling budget that we do, because basically if you make money in gambling it is based on luck alone and we cannot invite it with math calculations that have definite results, and it is wrong to make gambling a place to find the main income.

[iBaba]

Yup, it's a gambler perspective in terms of controlling their participation knowing that gambling is more on risk and without good control you'll find yourself empty-handed to the point that it will ruined your finances, though, like you mentioned there are some who manage being lucky and change the direction of thier lifestyle but ain't that many compared from those who loses their finances and turned to poverty because of being out  of control with the money that they spent for gambling.

We've all been saying almost the same thing. Having control over your spending is a pivotal way to manage your money effectively, not in gambling alone but in life generally. People who have more discipline to their account, then to save more money for the next day.

Sometimes I used to wonder why people end up spending all their hard earned money in gambling without thinking of the repercussions then I answer my question by thinking gambling as a thing of pleasure since it's mostly a fun game and humans beings can spend all they have to satisfy their urge or pleasure.

Since gambling comes with this addiction, it also makes it easier for people to fall into that trap of spending their money in gambling. So, with this thoughr, it makes me feel like whether one's gambling for money or fun, the possibility of them spending their hard earned money just to satisfy their pleasure will always make them to make such mistakes.

In response to what OP highlighted, gambling in itself doesn't bring about poverty as some people have made their fortunes through gambling but because of this urge to satisfy one's pleasure while spending money, they end up exhausting all they have in gambling.

[Richbased]

I agree that gambling will be a shortcut for you to be poor, like you give money to the dealer or to other players, but that happens if you spend money without calculation, risking all your wealth in gambling, it is a form of self -impoverishment attitude, but that Not only applies to gambling, in any field without you having good control in managing yourself with your money then you will become poor as soon as possible, this is not a problem of gambling but a user problem that has stupid thinking in finance speaking.

I have to agree with what you said, because the fact is that gambling is a place to have fun and spend money for those who want to get pleasure from gambling, and without good money management it will destroy yourself in gambling, that's why many people here say that money management is very important in gambling, And a lot of people recommend below 10% of good income for the gambling budget that we do, because basically if you make money in gambling it is based on luck alone and we cannot invite it with math calculations that have definite results, and it is wrong to make gambling a place to find the main income.

It is even more safer to treat gambling as a non profit game that one can do at leisure and not take it as a means of income then if peradventure one wins while gambling it should just be seen as a reward for partaking in gambling activities. Inasmuch as i don't see gambling as a bad platform, it is dependent on the approach of gamblers that will define if gambling is harmful or not because anyone who is aware that gambling is not an income haven will definitely be careful on how they go about their gambling lifestyle. however making a define financial plan will help in order not to go above your budget and run out of cash due to lack of gambling constraints which can lead to severe financial consequences.

[Agbamoni]

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.

People will not stop their gambling activity especially for those who often play gambling. They still think that gambling can give them money so that is why they will return to casino and hope this day they can win some money to bring it to their home. The government needs to educate their citizens and open their eyes about the reality of playing gambling that can makes them bankrupt anytime.

The citizens needs to start to think that gambling is not a good solution to make money instead just lose their money. They must search for the other ways that they can use to earn money without  losing their money in the gambling table. They should not use gambling as a way of source of income instead just to use it to spend their time and have fun.

I think it's the belief of winning huge someday that keeps people to gamble for a very long time. I wish there was a certain age where a gambler finds gambling not profitable anymore. Because I see people even in old age keep gambling wanting to win big wins. I expect those of persons gambling to expect little wins that can sustain them to feed themselves and pay some minor bills. Aside from who am I to judge? Since there are still old gamblers who still take responsibility for their children or grandchildren.

Gambling is a quick way to get money with a 2% possibility and it is also the quickest way to go broke, even into poverty with a 15% probability. 

[Akbarkoe]

I have to agree with what you said, because the fact is that gambling is a place to have fun and spend money for those who want to get pleasure from gambling, and without good money management it will destroy yourself in gambling, that's why many people here say that money management is very important in gambling, And a lot of people recommend below 10% of good income for the gambling budget that we do, because basically if you make money in gambling it is based on luck alone and we cannot invite it with math calculations that have definite results, and it is wrong to make gambling a place to find the main income.

It is even more safer to treat gambling as a non profit game that one can do at leisure and not take it as a means of income then if peradventure one wins while gambling it should just be seen as a reward for partaking in gambling activities. Inasmuch as i don't see gambling as a bad platform, it is dependent on the approach of gamblers that will define if gambling is harmful or not because anyone who is aware that gambling is not an income haven will definitely be careful on how they go about their gambling lifestyle. however making a define financial plan will help in order not to go above your budget and run out of cash due to lack of gambling constraints which can lead to severe financial consequences.

Yes, it is safer like that, but from what we have seen that not a few people who are contrary to such principles, and that is sad that they become poor due to their own actions and ignorance in gambling, this might be I can says it is natural for the because of the many people who do gambling acting according to their emotional, their desires, thoughts and needs, so that various kinds of people who are in gambling have differences in looking at gambling itself, there are people who are increasingly confident when he gets victory and think he can be great Even though he was only lucky on one opportunity who ultimately used all his wealth to bet there.

[Sandra_hakeem]

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.

When the sole purpose of gambling is overlooked and/ mistaken for some personal and selfish want/need, it becomes a huge problem and mostimes, it may be attributed to something else that has absolutely nothing to do with their self control and fund, which is the main catalyst to starting up an habit like this one.

Don't gamble because you wanna earn a living from it; casinos are running a business that can never - for whatever absurd reason that is -  run on a loss just to incentivize you.... YES, it's fair enough when you know WHY you should gamble, not just HOW to gamble.

But let's take a critical look at this very sensitive matter called gambling has anyone really made it from gambling[...]

It depends... Gambling is a like a bag pack for a regular tennis player; it's filled with varieties with which you could pick them at random if the bag is still partly open with only a little space for your arm. The chances of picking the wrong one is always there.

[Accardo]

I agree that gambling will be a shortcut for you to be poor, like you give money to the dealer or to other players, but that happens if you spend money without calculation, risking all your wealth in gambling, it is a form of self -impoverishment attitude, but that Not only applies to gambling, in any field without you having good control in managing yourself with your money then you will become poor as soon as possible, this is not a problem of gambling but a user problem that has stupid thinking in finance speaking.

Becoming a calculative gambler requires experience and discipline. While most players tarnish the purpose of gaming, they are numerous responsible gamers that shapes a reasonable image of gambling. So, it's true, what you said, regarding not being financially tactical as the attribute to momentary brokenness, but with the stories of some reckless gamblers who changed for good, a lot more would advance to play responsibly.

We all have to crawl before we walk, it's applicable in every business. Though, some won't make it out of the trauma, but it's certain that people learn from mistakes, and correct themselves.

[Dr.Bitcoin_Strange]

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's true what you said, of course someone who can get a big win in gambling is very rare, even I sometimes see many videos circulating with those who always get big wins, I always think that it's a fake win, even though whether it's true or not I don't care because there's no benefit for me either even though the person who got the win gave a pattern or trick but I doubt it can make me get the same win.
If luck is on my side, I think just by betting once we can get a big win, but because luck is rarely on our side, it's very rare for a big win to happen. Besides that, I think gambling is not a shortcut to poverty, but our own actions lead us to poverty or bankruptcy.

Yes, you are right. Your luck can not be same with that of other players, even if you see the huge win of others. The place that I usually see huge win tickets is on some prediction sites, channels and pages of which the reason why those guys publish such win is because they want to attract customers to their channel and I believe such tick works for them.

[I_Anime]

Yes, it is safer like that, but from what we have seen that not a few people who are contrary to such principles, and that is sad that they become poor due to their own actions and ignorance in gambling, this might be I can says it is natural for the because of the many people who do gambling acting according to their emotional, their desires, thoughts and needs, so that various kinds of people who are in gambling have differences in looking at gambling itself, there are people who are increasingly confident when he gets victory and think he can be great Even though he was only lucky on one opportunity who ultimately used all his wealth to bet there

When it comes to gambling, self control is never an easy one . especially when one have the mindset of getting rich through gambling, sometimes you can tell yourself that this is my budget of what I can risk am not going beyond that , but after some losses you may lose it and go beyond that budget because you couldn't control yourself or your emotions.

Even when you are winning you would get to point where you will want more despite the wins you have made in that gambling section, and with just one mistake you may endup losing it all because you don't know when to stop, but having good self-control one can easily stop after some wins even after losing and call it a Day.

[wheelz1200]

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.

How far do you go.  I mean sugar is one of the biggest killers out there.  Why don't they ban that it's literally a health risk.  I'm all for protecting citizens but people need to take self accountability as well.  Gamble what you can only be willing or able to lose amd if ypu can't stop yourself seek out help.  Whether it be professional, family, friends, etc.  People tend to blame the vice rather than looking inward.

[Smartvirus]

Becoming a calculative gambler requires experience and discipline. While most players tarnish the purpose of gaming, they are numerous responsible gamers that shapes a reasonable image of gambling. So, it's true, what you said, regarding not being financially tactical as the attribute to momentary brokenness, but with the stories of some reckless gamblers who changed for good, a lot more would advance to play responsibly.

Permutation and discipline are a necessity in gambling. Not because they make you win, nope but, they help you in preserving your wins and well as your finances.

We all know how gambling can be so addictive and as such, you need to be precise and firm in your decision towards how you manage the field.
When it’s got to do with money, there isn’t much room for trier and errors. Although gambling might be a field that is largely govern by luck through triers and all, taking charge of the things you can control like your takes and how frequent you go through the rounds is where you can have an edge over your finance and that’ll be through permutations and discipline.

[romero121]

The thread title is a true statement, and this happens with people gamblers who don't have control over their gambling activities and believe that they can make themselves rich through gambling. If we take 100 gamblers as a sample, it is obvious that 90 gamblers were in loss. This itself clears that gambling is an entertainment source and not a platform to make ourselves rich. Even the remaining 10 gamblers who were in the profiting will experience losses in the long run. Most of the time people never understand the reality and just with positive hope enter into gambling. This is wrong, before getting into any form of gambling, one need to learn well about it and then proceed. This might help in limiting the losses.

[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.

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.

That's true, the road to riches is just like the same chance as we've got in gambling. It's hard to be rich in here and you need to be the luckiest guy in your town.

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.

That's very sad.

If there's a huge money being taken to these casinos then no actions will be made by the government. They want to take more of people's money through it than protecting them from seeing those gambling ads.

[SatoPrincess]

When it’s got to do with money, there isn’t much room for trier and errors. Although gambling might be a field that is largely govern by luck through triers and all, taking charge of the things you can control like your takes and how frequent you go through the rounds is where you can have an edge over your finance and that’ll be through permutations and discipline.

Aren’t slot machines trial and error games? Slot games are not a game of skill but luck, your odds of winning is slim because the system is rigged to give the house advantage over the player. There are so many variables that you can’t control in slot games, this is why gambling can never be considered as a means of creating wealth. The idea that one can become rich from gambling was peddled by casinos to lure greedy people into gambling their money away.

[bettercrypto]

Honestly, many people's lives are ruined because of gambling when it is used incorrectly. There are others who just started out of curiosity but in the end ended up ruining their lives. Because they thought they could change their lives.

Addicted to gambling because he experienced a big win in the casino, something that became the way for others to become addicted. The worst part is that the life of others is good but when they gambled and it became a habit,, .

[AicecreaME]

Exactly.

Some people last resort is gambling, either it is because they envy someone who just got lucky one time in gambling or they are just risk takers. Nonetheless, they will end up even more broke, disappointed, frustrated, stressed, depressed, and other negative emotions because of gambling addiction. What's even worst is that, other than suffering from those emotions, they will also suffer on solving one thing, and that is how are they going to pay off their huge debt to loan sharks.

[EarnOnVictor]

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.

I agree with you that gambling has got a lot gone broke and also looses the values of their responsibilities including personalities to their respective societies but who is to be blamed? Of not not the gamble but the gambler who was unable to take control of themselves in keeping a responsible gambling personalities.

No one forces anyone to go into gambling, and we have our various reasons why we gamble. Those whose reason for gambling was to make profit are the problem to themselves, because they wanted to make money from an impossible source. In the beginning, if you advise them that it is impossible to double their money with gambling, they will run away from you, and keep their gambling activities secretive because they see you as someone who is against their goal. Later, when they have lost it all due to addiction and become frustrated, they will not blame their foolishness but put all the blame on gamble.

I've seen many people argue they gamble for fun, but the truth is that almost everyone gambles for the money. If it were to be fun, many other activities can give you without risking your money, including many types of games, but for the money, people continue to risk their money, so we have to face the reality here. This is why I say it is easier said than done the way you paint it, so to face it, I can only advise people not to desperately seek money from gambling. I said this not to change the mind that they want to make money in gambling but they should do it responsibly and not believe that gambling will make them rich. That desperation and bad mindset are what makes them get hooked on gambling and not the mind of making money in it per se. Others still gamble to make the money and do it responsibly and painlessly.

When you put making money as your priority, it means that you have decided to see gambling as a means of making fortune for yourself, and this is backfire you, because you will get get away in illusion and gamble irresponsible.

This statement confirms how you are getting it wrong, you mix it. Fine, aiming to gain through gambling could corrupt your mind and even get you addicted, but you will only be addicted and desperate to get the money before it can backfire on you. The undeniable fact remains that it's not everyone seeking money from gambling that's having issues with it, that's the point you should consider.

Our mindset and approach towards gambling matters and you don't automatically become desperate in gambling by seeking a few bucks from it without desperation especially if you are fully gainfully employed. Almost all the gamblers I know gamble for money but I hardly see one of them having issues as I write, after many years, so it's practical.

[danherbias07]

Honestly, many people's lives are ruined because of gambling when it is used incorrectly. There are others who just started out of curiosity but in the end ended up ruining their lives. Because they thought they could change their lives.

Addicted to gambling because he experienced a big win in the casino, something that became the way for others to become addicted. The worst part is that the life of others is good but when they gambled and it became a habit,, .

I agree with you on that and it seems like the number of those people who are being ruined by the wrong perspective about gambling is also growing. There are so many gambling sites today that don't even have features like "setting the gambling limits" which Stake.com has. https://stake.games/responsible-gambling/gambling-limits
Then, there's also the gambling responsibly by "self-exclusion" in case you want to stop. https://stake.games/responsible-gambling/exclusion

These features are very important for an online casino or even an online sports betting website because somehow it will give a gambler an option to do the necessary things once they feel like they are near addiction. Either quitting or limiting themselves so that they won't be spending too much time and money gambling. It's easy to get addicted to gambling but it will be difficult to come out. A gambler will always have that urge to play more especially when he is losing.

[Jody.Drummer]

You are right with most parts of your comment, specially with what you said in the end, which is that, our own actions lead us to poverty and bankruptcy, I love this statement to be honest, because in the end of the day, there are people who gamble, return home and continue their normal life, and may never return to gamble again until further notices, usually several weeks later. While there are other people who almost sleep and wake up in a casino house each and everyday - our actions indeed is what either lead us to becoming rich, becoming poor and rekt for life..

And let me also use this opportunity to let you know that it's actually possible to win huge from gambling, I would be doubting like you if I have not witness3d or seen someone who won over $100,000 from a lottery here in my country.
Winning good amount of money is very possible in gambling, but then, it solely depends on individual luck, and it's also possible that there are many who may likely gamble for several years and never win any amount of money that is significant.

For gambling that is done in moderation, when we have got the results, we should be able to stop gambling and return home to continue our real life, whether the final result is a win or a loss, but we must be able to think that gambling is just entertainment, it is very lucky if the results can make us win and if the results are disappointing, then we should not take it seriously like not accepting the defeat, that is the wrong behavior.
I agree with what you said, indeed this luck is not something that can predict it accurately, so it is not strange if there are people who have been gambling for a long time but have never won big and of course that is because luck is not on their side. In my own environment, I have not found anyone who can get a big win to the point of drastically changing their life, or maybe there is but I myself do not know.

[LogitechMouse]

Honestly, many people's lives are ruined because of gambling when it is used incorrectly. There are others who just started out of curiosity but in the end ended up ruining their lives. Because they thought they could change their lives.

Addicted to gambling because he experienced a big win in the casino, something that became the way for others to become addicted. The worst part is that the life of others is good but when they gambled and it became a habit,, .

That's why a correct mindset is needed when you want to gamble.

Just to add some to what you said, there are some gamblers that are curious about what gambling can do to somebody, and how can gambling change their lives. I mean they might saw an article online where some gambler out there won millions of dollars and they want to experience it as well hence, they resorted to gambling. These are the ones that have a very high chance of losing money in gambling because of the mindset that they have.

There's nothing wrong with gambling for me. The problem lies within the gambler, their lack of self-control, and their mindset. Getting addicted to gambling is very easy for those who have a wrong mindset when they gamble. Gambling is addictive when you don't know when to stop. Gambling is bad when it ruined your life negatively. If you can't control yourself, just don't gamble at all.