Has gambling become a place to loose your hard earned money?

[Davidvictorson]

What do you think?

Here are my thoughts;

• Gambling was never an activity to spend your hard earned money at. it is an activity where you put in only what you can afford to lose
• Any one whose family relationships, career, and other daily activities have been shattered by gambling is struggling with gambling addiction and should seek help immediately.
• Countries banning gambling activities completely is going to have that, it is not an effective way to stop people from gambling.
• I am in support of stricter gambling regulations rather than a complete ban.
• Fines from defaulting casino should be turned by the government into grants for civil societies to carry out gambling interventions in the communities where they operated from

[gracreavix]

Was gambling ever made to make anybody money? People never always ask if it was really designed to pay people, where will they get the money from to pay people. If 50% of people win and 50% loose, it won't still be enough to pay those winners. What about payment for workers. There are managing teams that the casino have to pay.

There are not providing any services that can generate money. So there's no way they can just be paying people anyhow when they win. That's if they win. That's why there is something called the house edge. It's designed for a larger percentage of people to fail. Of favours only the few.

[Zlantann]

I think gambling is almost as old as the world because it began very long time ago. Before now gambling existed in a different form, but today because of the increasing technology, gambling has entered into the digital world.

The problem in gambling is not the activity itself but the abuse of it. You said gambling is as old as man which means its like a culture that will last forever. The easy access to online casinos has made people lose control of themselves. Covid 19 lockdown also contributed to the rise in the use of online casinos.

However, I have come to realize that many gamblers right from when gambling started existing have not been on the safer side, many gamblers have not made any gain rather they make losses in regular basis, and just very Small percentage of gamblers can boast of life changing rewards from it, and will every gambler really make life changing rewards? I can equally see that some countries are placing ban on their citizens not to gamble, and some are trying to regulate the system so that gamblers can be responsible, and spend less money instead of gambling with all their money.

Government should know that banning an activity that have existed longtime ago will not stop it. Rather people will start patronizing illegal gambling platforms. The government should regulate it and make policies that will protect children and vulnerable people. Children's should be protected from gambling ads in sporting activities. Children love sports and gambling promotion would expose them to gambling.

We have had many stories here, how gambling has shattered some families, and relationship, and some people gamble with money meant for their family upkeep, and all this story is about the risk that gambling pose to our financial growth.
Personally, I do gamble, but I haven't made any profit from gambling because my wins is far below the profit I have made.
In nutshell, gambling doesn't guarantee success, and we should approach it as fun rather than a place of making money, and statistically majority of gamblers have made huge losses rather making profit.

What do you think?

Those who are addicted to gambling should seek help. Gambling addiction can wreck anybody financially and otherwise. This is why you should use only your spare money to gamble. Gambling has never been a path to success. People have been rich trough gambling but their numbers are few.

Has gambling become a place to loose your hard earned money?

Sincerely, gambling is not a place where I waste my hard-earned money. Meeting my basic needs, saving, and investing matter more to me than gambling. The money I use for gambling doesn't affect those three things I mentioned. I will prefer to forgo gambling rather than be indebt. I spend only what I can afford on gambling.

[Muba20]

Personally, I do gamble, but I haven't made any profit from gambling because my wins is far below the profit I have made.
In nutshell, gambling doesn't guarantee success, and we should approach it as fun rather than a place of making money, and statistically majority of gamblers have made huge losses rather making profit.

This is the main point that gambling is not a good place to make money. There are many gamblers who find pleasure in gambling not only in spending money, they think that gambling is not about winning but also the pleasure they get from it. This is not the case for everyone. There are many gamblers who gamble only to make a profit and they continue to do so until their expectations are met. Gambling is not a place to make money, but a misconception of gamblers exposes them to a lot of losses. I myself have lost a lot in gambling but I never regret it. I also try not to bet more than I can afford to lose. I think those who come to success from gambling are waiting for an uncertain future. My clear message is that if you come for money, then quit gambling but if you enjoy and manage it under your control, then gamble.

[Silverstonez]

I have been gambling for years now and have not made any money yet, but I keep on gambling because I’m doing it for fun and entertainment which is the best way to approach gambling, because it should be treated as entertainment and not a means to make money. And you should only gamble with the money you can comfortably afford to lose, because there’s no guarantee of winning. But it’s funny how some people made gambling their full time jobs which is a very bad habit for me.

[Silikiem]

The truth is, gambling is the wrong place to chase success or profit , many people now depend on gambling for survival and this is what I’ve witnessed with my eyes. In gambling, even if you win and made profit today doesn’t mean you’ll win tomorrow, the profit made today can be lose tomorrow and that’s why it’s not the best place to make money or become successful. Anyone who plans to get rich through gambling is making the biggest mistake of their lives. Of course we/they lose their hard earned money in gambling because they want to maximize profits through gambling which isn’t assured. Even those who claimed to be gambling for fun also lose their hard earned money in the process too.

[9ja Amaka]

IMO, out of 100 gamblers, only 10 will earn a reasonable amount from all their time gambling. The other 80 lose their hard earned money in gambling continuously. However, this is why we say people should gamble with an amount they can afford to lose.

Gambling with a disposable amount will not affect the gambler to think he lost his hard earned money. It is like using money to take a few beers, go swimming, or eat in a restaurant. That money is not seen as a waste because, after spending it, it doesn't affect the gambler negatively.

[Mr_Brilliant$]

I have been gambling for years now and have not made any money yet, but I keep on gambling because I’m doing it for fun and entertainment which is the best way to approach gambling, because it should be treated as entertainment and not a means to make money. And you should only gamble with the money you can comfortably afford to lose, because there’s no guarantee of winning. But it’s funny how some people made gambling their full time jobs which is a very bad habit for me.

We should keep this in mind. Because it is very important. Treating gambling like entertainment is good. But we shouldn't ignore the fact that it is harmful. As it stands, there is a very thin line between switching from entrainment to something that one will regret later. Yes, treat as entertainment, but entertainment shouldn't now be all the time.

You haven't really not made anything in gambling, good you are honest, hope you are keeping record of all your lost money. You might be surprise as the amount you have lost in gambling if you calculate. That's why I say the entertainment shouldn't be frequent.

[Ishicryptic]

Sometimes I read about arguments in some gambling threads about whether gambling should be for entertainment or to make money, ofcourse I'm on the side of gambling for entertainment because of some of the reasons that are highlighted in the OP. If you're gambling to become rich you should know that you're competing against multitudes of other gamblers who are chasing the same thing and the sad reality is that only very few will be lucky to win, the casinos gets to keep the rest. If you know this then it is better to gamble for entertainment with amount that you are comfortable to lose, for a very long time this has been my mindset and that is why I can never be addicted to gambling.

[AlexSnowSnow]

Sometimes I read about arguments in some gambling threads about whether gambling should be for entertainment or to make money, ofcourse I'm on the side of gambling for entertainment because of some of the reasons that are highlighted in the OP. If you're gambling to become rich you should know that you're competing against multitudes of other gamblers who are chasing the same thing and the sad reality is that only very few will be lucky to win, the casinos gets to keep the rest. If you know this then it is better to gamble for entertainment with amount that you are comfortable to lose, for a very long time this has been my mindset and that is why I can never be addicted to gambling.

Yes, yes and yes, gambling for fun with an amount you're okay losing is the only way that makes sense to me. As for addiction, I think it also depends on a person's predisposition, both psychological and outside factors like their situation.

[Tungbulu]

Sometimes I read about arguments in some gambling threads about whether gambling should be for entertainment or to make money, ofcourse I'm on the side of gambling for entertainment because of some of the reasons that are highlighted in the OP. If you're gambling to become rich you should know that you're competing against multitudes of other gamblers who are chasing the same thing and the sad reality is that only very few will be lucky to win, the casinos gets to keep the rest. If you know this then it is better to gamble for entertainment with amount that you are comfortable to lose, for a very long time this has been my mindset and that is why I can never be addicted to gambling.

Gambling itself isn’t the problem, the actual problem starts the moment people begin to visualize gambling as an alternative to solving financial problems. Once making money off gambling suddenly becomes the sole purpose of gambling, it becomes difficult or even impossible to accept losses and simply walk away even if it’s crystal clear that the odds are completely staked against you. It sure does help to set boundaries and limits, but it takes more than that to have a safe experience in gambling, as a matter of fact, it starts with one being honest with himself the moment gambling stops being an entertainment.

[Fiasem20]

Because people have been losing in gambling doesn’t completely mean that people aren’t hitting the jackpot,infact it’s as a result of stories been shared how people hit the jackpot and that alone has pushed others in achieving that same success but gambling doesn’t work in that way.However,gambling has been a space where people lose their hard earned money especially those people that chase after making profits,once your perspective are genuine and you’re gambling on amount you can afford to lose then you won’t be affected mentally/financially like those that chases after their losses and are only centered on making profits from gambling,if gambling was a space anyone could generate massive profits easily then this world would have been a bed of roses.

[Fortify]

I think gambling is almost as old as the world because it began very long time ago. Before now gambling existed in a different form, but today because of the increasing technology, gambling has entered into the digital world.
However, I have come to realize that many gamblers right from when gambling started existing have not been on the safer side, many gamblers have not made any gain rather they make losses in regular basis, and just very Small percentage of gamblers can boast of life changing rewards from it, and will every gambler really make life changing rewards? I can equally see that some countries are placing ban on their citizens not to gamble, and some are trying to regulate the system so that gamblers can be responsible, and spend less money instead of gambling with all their money.
We have had many stories here, how gambling has shattered some families, and relationship, and some people gamble with money meant for their family upkeep, and all this story is about the risk that gambling pose to our financial growth.
Personally, I do gamble, but I haven't made any profit from gambling because my wins is far below the profit I have made.
In nutshell, gambling doesn't guarantee success, and we should approach it as fun rather than a place of making money, and statistically majority of gamblers have made huge losses rather making profit.

What do you think?

Gambling has always been a way you can lose money and there is nothing new in that. There are more avenues than ever to jump on that train but if somebody was really interested in it then they could have lost all their money placing bets 10 years ago or 100 years ago. People need to get a grip and have responsibility for their actions rather than blaming others. If you go into a gambling session with anything other than the idea that you're going to lose all your money then you're probably doing it wrong. It's fine to have "fun money" carved out from your income that you spend on this form of entertainment, but you should consider it the same as spending money to see a boxing match or going to the cinema, you're only going to get a short term return on your money. It's funny when people try to talk about profits when they clearly only have losses. Once you realize these companies are set up to milk you for money then it becomes much easier to understand.

[ASloveapg]

Sometimes I read about arguments in some gambling threads about whether gambling should be for entertainment or to make money, ofcourse I'm on the side of gambling for entertainment because of some of the reasons that are highlighted in the OP. If you're gambling to become rich you should know that you're competing against multitudes of other gamblers who are chasing the same thing and the sad reality is that only very few will be lucky to win, the casinos gets to keep the rest. If you know this then it is better to gamble for entertainment with amount that you are comfortable to lose, for a very long time this has been my mindset and that is why I can never be addicted to gambling.

Gambling itself isn’t the problem, the actual problem starts the moment people begin to visualize gambling as an alternative to solving financial problems. Once making money off gambling suddenly becomes the sole purpose of gambling, it becomes difficult or even impossible to accept losses and simply walk away even if it’s crystal clear that the odds are completely staked against you. It sure does help to set boundaries and limits, but it takes more than that to have a safe experience in gambling, as a matter of fact, it starts with one being honest with himself the moment gambling stops being an entertainment.

Gambling is definitely not a problem, if managed properly, gambling will be limited to entertainment only, it will never cause additional harm to you if you can manage your own financial limits well. People think of getting rich overnight through gambling due to their wrong expectations, and from this stage gambling goes out of control, this is where people start gambling with excess money, and this is where excessive losses start to occur.
Actually the main problem is that how people manage gambling depends on who is managing it, if properly managed it does not create any problem, it is just a means of entertainment, and keep it limited to that, then it will also be limited to entertainment for you. But you take your expectations beyond entertainment, keep playing in the hope of big wins, despite the losses, you do not stop yourself, do not limit the game, and this is how addiction is actually created and people fall into big losses through it, gambling is not forcing anyone to play, and therefore only the gambler is completely responsible here.

[o48o]

Some people will always see it as a legit way to get rich. What seems to unite these people is belief that they just have to crack the code and find a profitable system. And they will be using a lot of their money to find it.

The fact that the system is mathematically against them from the get-go doesn't slow them down. Some of them seem to be so in denial, that they believe to have already found how to get rich, but they just ran out of money when they tried to prove their tactic is profitable.

[Byebyebtc]

Yes gambling can be a place you go to loose money on a regular basis, funny thing is that most times it's unknowing to the victim, your not able to meet up to somethings and you could blame it on your job, or inflation, or government, or low salary but you act like you don't notice the gambling side, the money that it drains from you, a lot of individuals are lost in gambling in this aspect but they will not want to accept that they loose much from it they will always call it little, regardless we should gamble for fun, and calculateed risk, not because of yhe sake of fun that you should go and loose all your money..

[ColdLava40]

There are not providing any services that can generate money. So there's no way they can just be paying people anyhow when they win. That's if they win. That's why there is something called the house edge. It's designed for a larger percentage of people to fail. Of favours only the few.

The casino it's self is a business, if they don't have losers how will they be able to last in the business.

While the system claims to be probably fair, it still was designed to favor just the house. We have very little edge on the casino and !ost of the time as gamblers we are meant to lose in other for the casino to continue operating.

How else will they make money? If we are being honest, we know that our chances of winning on a casino game are very slim, but we still choose to play along for the fun of gambling.

[hmbdofficial]

You posted this in the wrong board. You should move this post to gambling discussion sub board.

Gambling is part of human nature and has been in existence since human existence. The problem is that gambling isn't for profit but for entertainment. Some people feel that because making profit is involved in gambling, they decided to follow that part. Unknown, to them that the chance of hitting the jackpot is very slim. From my own understanding, 95% or more run at losses in the long run. Gamble for fun and stay healthy.

So long as there is always more losses recorded from gambling it can’t be healthy in my opinion whether you’re gambling for fun. A lot of people will be like gambling for fun, which most of the gamblers aren’t really gambling for fun. if we want to be honest with ourselves. What is fun in seeing your money burning on the internet? I don’t like to hear that statement as people are gambling for fun because it’s all lies.

[memehunter]

You posted this in the wrong board.

Not only wrong board but on wrong forum. It is suited for spamcointalk or something. There is not even a single substantial word in the OP which has not been discussed before at least 777 times here.
@Jubilee58, have you even try to search for similar topic in the forum before posting it.

What do you think?

I am thinking of putting you on my ignore list. What do you think ?

[Tungbulu]

Gambling is definitely not a problem, if managed properly, gambling will be limited to entertainment only, it will never cause additional harm to you if you can manage your own financial limits well. People think of getting rich overnight through gambling due to their wrong expectations, and from this stage gambling goes out of control, this is where people start gambling with excess money, and this is where excessive losses start to occur.
Actually the main problem is that how people manage gambling depends on who is managing it, if properly managed it does not create any problem, it is just a means of entertainment, and keep it limited to that, then it will also be limited to entertainment for you. But you take your expectations beyond entertainment, keep playing in the hope of big wins, despite the losses, you do not stop yourself, do not limit the game, and this is how addiction is actually created and people fall into big losses through it, gambling is not forcing anyone to play, and therefore only the gambler is completely responsible here.

The real danger is that it’s difficult for some people to realize when gambling have moved from entertainment to something else. Some actually started with a small budget, but as the losses continue to pile up, they begin to increase their budget with the hope that they can recover all the losses they’ve made. And that’s why it’s not just about setting the limits, it’s one thing to set gambling limits and it’s another to know exact when and where to place a full shop and actually stick to those limits and budgets they’ve actually set.