How much money is lost gambling every year?

[kayode10]

One of the constant thing in gambling is that the majority of the people are going to lose money especially the new players. All this money accumulated can be a huge amount of money at the end of the year.

One of the questions I want to ask you guys over here is that How much money is lost gambling every year? I'll be looking forward to your response in the comment section below thanks in advance.

 

[Abubakar777]

One can not actually say the particular amount he is losing in gambling every year,but I think many people are making lots of lost in gambling betting most especially those peoples that have gotten addicted to it they always found it difficult to stop gambling even if they are losing.

 

[kayode10]

On the rough estimation it will be multiple billions of dollars in a year because a lot of people engage in gambling year-in year-out. in fact I was so surprised to see a senior citizen in my area engaging in different types of goblin just to make money.

 

[Cosedi]

One of the constant thing in gambling is that the majority of the people are going to lose money especially the new players. All this money accumulated can be a huge amount of money at the end of the year.

One of the questions I want to ask you guys over here is that How much money is lost gambling every year? I'll be looking forward to your response in the comment section below thanks in advance.

It seems as if this year has my highest amount lost in vet generally. Also, I recorded a huge amount of winnings, this year. Calculating my profits and losses, I think I have given them around 200-300k this year.
I know it is much, and I hope to curb that.

 

[swift]

There are some gamblers that actually have lost huge amount of money from gambling ,like they have been making a lot of loss and many of them can't even take caution in the way they invest more money in gambling

 

[Julio88]

One of the constant thing in gambling is that the majority of the people are going to lose money especially the new players. All this money accumulated can be a huge amount of money at the end of the year.

One of the questions I want to ask you guys over here is that How much money is lost gambling every year? I'll be looking forward to your response in the comment section below thanks in advance.

That is a hard calculation to conduct. Personally, I do not employ a fixed staking plan so I will not be able to recall the amount involved in each wager I staked per annum. This is much easier with fixed staking because once you know the number of bets you have staked throughout the year, you can calculate those figures

 

[Julio88]

The exact amount a person loses in gambling each year is impossible to determine, but I believe that many people lose a lot of money gaming, especially those who have become hooked to it and find it difficult to stop even when they are losing.

I believe this is a notable assertion. Casinos rake in quite a bit of revenue on the back of multiple losses to casino games, and even though I would be hard pressed to state a figure, the financials are a lot

 

[Julio88]

That's where casino platforms make their money from. There is no doubt that they make money from people's losses.
This is why we tend to realize that they always have games or options that are unpredictable

You are absolutely right. In most casino games, the casino has a distinct advantage right from the get go anyways. In poker specifically, the casino tend to charge a fee known as the rake before the game even starts

 

[Hardexy1]

Although i do lost money in gambling but if i do estimation of the wining ticket of my bet compared to the lost ticket the profit will surely be high more than the losing ticket, i always bet carefully and less amount

 

[Julio88]

Although i do lost money in gambling but if i do estimation of the wining ticket of my bet compared to the lost ticket the profit will surely be high more than the losing ticket, i always bet carefully and less amount

It is a positive development that you engage in responsible gambling so well, and incorporate bankroll managenent and risk management into your game. Kudos to you for being cautious while gambling