Filipino families are increasingly affected by online gambling, with easy access leading to addiction and financial problems.
Government revenue from e-games is significant but lawmakers are divided on banning versus regulating due to addiction concerns.
Pagcor is responding by removing ads and tightening rules, while fintech firms enhance verification; President Marcos considers taxing online gambling.
You will fully understand how addictive gambling is after reading this post, just look at how much the horror of gambling can ruin lives. A woman bet 3000 pesos and immediately she won 30000 pesos. This was a quick win and a trick to trap the gambler but the gambler did not understand and immediately later she won again and she lost all her money even worse. At the last moment her family became completely destitute and later faced huge debts, I am only presenting it briefly.
Seeing this street gambling advertisement will attract more gamblers and many students will come along, so I think it is at least tragic because this advertisement is enough to destroy not only families but the entire nation. How terrible do you think this advertisement and gambling are, how reasonable do you think it is if such a gambling advertisement is in front of your house/under the open roof
There are two main things that usually get people into trouble when it comes to gambling: desperation and boredom. Boredom is a tough one, because when someone has fallen into the trap of thinking they are bored, they are likely to have a problem when they come across some repetitive task that triggers some happy feelings and become hooked. Desperation has two issues related to it that put you in dangerous territory, firstly you are risking money that you cannot afford to lose - which is bound to depress you when the inevitable happens and clouds your judgement on the correct time to cash out. The second is when you start to chase your losses, thinking that you are entitled to a win after long losing streaks or even wishing to get back to break even.