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      brittnpk085433
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      Let’s begin with a definition. What is gambling? Gambling is betting on something that may or might not happen down the road. As we gamble, we take a risk, choose an uncertain outcome, and bet on it. Gamblers bet on casino games, horse racing, and sports where the result cannot be predicted with certainty. A lot of people will bet on anything. Remember the Seinfeld episode where Kramer bet on the arrival and departure times of airplanes at a whole new York City airport?

      How is gambling distinctive from buying stocks and bonds? Stocks and bonds are thought about investments and not gambles because we can reasonably anticipate to come out ahead in the long term. They may be risky although not in the same sense as gambling.

      How is gambling different from buying insurance? Once we buy coverage, we have been betting on something that may or may not happen in the foreseeable future. We don’t want to take the risk that it shall happen, so we pay someone else (the insurance company) to take the risk for us. When we buy homeowner’s insurance, as an example, we have been betting our house will burn down and the insurance coverage company is betting it won’t. (Of course we hope we will not win this bet.) This is not gambling since the risk may be calculated. The insurance company uses all kinds of statistics to analyze the probability of our house burning down and fixes the premium we shall pay accordingly.

      Individuals have gambled since ancient times. However, society never approved of it because it was labeled an attempt to get money without doing work for it. Society considered that serious effort should pave the way to financial success. It was not until the late 1960s that states (except for Nevada which had legalized all forms of gambling earlier) started to run lotteries to raise money for worthwhile causes.

      So why do we gamble despite the fact that we are unlikely to win within the long run? We gamble for the excitement of the uncertain outcome. Some gamble to try and make their financial dreams come true. Many people gamble for entertainment or enjoyment, for example a night out with friends at the casino or perhaps a bingo game for a charitable organization or possibly a lottery ticket. Some think they may beat the odds and earn a living out of gambling. You can find those that gamble given that they simply love the challenge. They look at gambling as a game of skill or problem-solving and they are sure they can win. Some like the environment or perhaps the thrill of a possible big win, or the adrenaline rush of going for toto a chance. Casinos allow us to socialize and pass some time. You will find no clocks in a casino; we lose track of time; we forget all our troubles. It’s like a therapy session! If we are timid, we can go to a casino and boldly take chances.

      Occasional gambling could possibly be a relaxing form of entertainment but be mindful not to get addicted. Addiction may lead to obsession. You could lose control and become so fanatical which you can ruin you life or suffer other catastrophic consequences. So if you gamble, be sure you set limits and keep to the limits you’ve got set.

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