Quote from: Pan Troglodytes on May 22, 2018, 05:11:31 AM

Quote from: avikz on April 18, 2018, 10:56:01 PM

I am not a veteran in this gambling industry so trying to understand what majority of the people thinks about it.

I have seen a lot of threads in this section as well as in other online forums which always protrayes gambling as a negative line of earning money online. I have seen people comparing gambling with alcohol addiction. I have seen people actively trying to discourage others from getting into gambling industry. What's wrong with gambling?

It is just another business and also legal in many countries. People who buys lottery tickets are also gambling only.

In trading industry, you bet on your speculation and in gambling industry, you bet on your luck. In both trading and gambling, there is a risk of loosing money. So why trading is seen as a good way of making money and exactly opposite for gambling?

I belive it is just a social taboo about gambling and we need to rethink our stand towards gambling. It is just another legal business. What's your view?

Oh I believe that trading and gambling are not really that different when it comes to average people doing that. In fact, in trading, the edge is on large financial institutions that can perform very fast and low commission trades, and they can earn money by being the first to put a given trade. By the time average Joe can make his trade, they may be out with profit. In gambling the edge is on a casino.

That makes average people trying to do trading or gambling participants in a negative sum game (they are bound to lose money long term).

And this is why people who gamble a lot are portrayed negatively. They always lose money long term, and sometimes they lsoe their family houses or money for the future of their kids.

The worse thing is gambling is that it is the mother of almost all crimes. A gambler can do anything to make some money and gambler with it. He can snatch robber, loot and even murder for money. If you observe all criminals are also gamblers because easy come easy go fits on them. I think that baling should be banned everywhere in the world.