I know my statement may sound pretty hostile on this part of the board, though I'm not talking about the person who will buy a superbowl box or makes a friendly bet with someone over one big game. I think the degenerates are the people sitting around gambling on every game they can possibly gamble on.
I have friends like this, people that will gamble on Mexican Womens Tennis if they can win (or most likely lose) some money on the game. It's a crushing addicition that we've normalized in our culture to make it seem like it's just apart of life. It shouldn't be, and children at a young age should be stopped from gambling until they know the horrible outcomes that gambling can cause. I support every effort by regulators to stem out the bad actors in the gambling field in order to stop children from being hooked on this.
I'd like one of you to change my mind, or at least make me think different about gambling. Because as of right now, I have a pretty negative view on it.
I agree. This is all a game of probability which is not a very good game to play because of the persistent uncertainties. Investor will always try to escape the uncertain things. So those who are degenerated are in other words irrational for they put in their money in assets that might not give back return.
But, since the gambling industry is very big to judge, there are people who generate/make money as well.