What belief made you ignore gambling as one way to earn ?

[swift]

I think one particular believe that made people sees gambling as one way to earn is actually the possibility if earning well , they actually see that they could invest and earn big ,so they invest in future hopes of making more money for themselves , this is what many does to earn from gambling


.What belief made you ignore gambling as one way to earn ?

 

[CR7]

Personally, there are a few beliefs that have made me ignore gambling as a way to earn money.

1. Probability and House Edge: Gambling is based on probability, and the odds are always in favor of the house. Casinos and gambling establishments are designed to make a profit, not to let you consistently win. Games are set up with a built-in "house edge," meaning that over time, the casino will always come out on top. Understanding the statistical aspect of gambling makes it clear that the chances of consistently making money are slim.

2. Lack of Control: In most forms of gambling, luck is the primary factor determining the outcome. While some strategies can be applied, such as in poker or blackjack, luck still plays a significant role. It's essential to recognize that luck is not something you can control or rely on consistently. Relying on chance to make money can be a risky proposition.

3. Emotional Rollercoaster: Gambling can be an emotional rollercoaster. The highs of winning can be exhilarating, but the lows of losing can be devastating. The emotional impact of gambling can cloud judgment and lead to irrational decision-making. A rational, disciplined approach to finances is essential for long-term financial stability, and gambling often goes against this principle.

4. Addiction and Financial Risks: Gambling can lead to addiction, which can have severe consequences on an individual's life. The pursuit of financial gain through gambling can lead to reckless behavior and risk-taking. It's crucial to consider the potential negative impact on personal relationships, mental health, and financial stability that gambling addiction can bring.

5. Alternative Investment Opportunities: There are numerous legitimate investment opportunities available that offer better chances of long-term financial growth and stability. Investing in stocks, real estate, or starting a business are examples of avenues that can provide more control and higher returns compared to gambling.

In conclusion, the understanding of probability and the house edge, the lack of control, the emotional rollercoaster, the risk of addiction, and the availability of alternative investment opportunities are key beliefs that have made me ignore gambling as a way to earn money.

 

[Dallax]

The belief that gambling is a form of entertainment, not a way to make money. This is a common belief, and it is true that gambling can be a fun way to spend time. However, it is important to remember that the odds are stacked against the gambler in most games. This means that you are more likely to lose money than you are to win

 

[MarryL9]

You stand a chance to loss at anytime it's a game of luck so you need to be careful so you won't loss all your money

 

[Ejyndayo53]

It is possible to burn your money through gambling of your objective of joining gambling is to become rich instantly. The vigor at which you'll be playing would actually affect your outcomes. Gambling should be treated as forms of entertainment rather than a source of incomes.

 

[Btaliat]

Many have been lied to about gambling. There are different people that always believe that gambling are the only way to make money online and it is very easy as well to make money using gambling.

 

[stone]

I don't think it's wise to rely on unpredictable luck as one's primary source of income. Some people do get hooked on gambling when they're losing money. I prefer putting my time and money into developing real skills, education or a business where I have more control over outcomes.