Why do people gamble? Why do people trade? Why do people do business? The objective of doing these three activities is one, and it is to increase the cash flow in their bank accounts. On this planet earth, humans have to earn their living to survive unlike other living things that do not have the sense of earning but have the sense of eating food, and that’s about it. The trend of gambling for money is not a new phenomenon – people have been gambling for money for centuries, and not just decades or years.
Gambling does not just get involved in financial costs but also health costs. What does that mean? When a lunatic gambler keeps on losing money they cannot afford to lose, their health is badly affected to the extent that they need to get proper treatment, and thus, gambling ends up in health costs including financial costs. The best gambling policy should be that you gamble money that you can easily afford to lose – in case you lose it, you continue your life the way it should without a financial challenge due to the money you lost.
A leisure-time activity
Even though some people may not agree with the heading, however, gambling is not a full-time job at all since you cannot rely on gambling. What is the meaning of relying on something financially? This means that you rely on a particular financial activity to make your living in a way that you no longer need to do anything else.
Gambling is a leisure time activity since you cannot give up your job or business to join this sector. However, you can take it as a part-time job that can either increase your funds or decrease that. So, you must not gamble when you cannot afford to lose money otherwise you will become a psycho patient, so better be safe than sorry.
The prime reason for calling it a leisure time activity is that you can get engaged in this activity only when you are getting bored with plenty of free time & some extra cash that you would like to make it double or even one-half.
Economical & social impacts of gambling
Without a doubt, gambling is no longer uncommon in almost every country of the world irrespective of the difference in frequency and/or intensity. Who are gamblers? They are people living in a country, so it is safe to say that gambling has both social and economic impacts on people or gamblers belonging to any country of the world. I’d like to believe that gambling is connected to public health in addition to other social links it has to offer those who take part in gambling as professional gamblers.
The economic & social impacts of gambling are both positive & negative. Gamblers who gamble blindly without thinking about consequences or results develop negative social and economic impacts, but those who gamble money they can afford to lose create positive impacts. Gambling not only affects gamblers but also their family, and as a result, the effects of gambling are not limited to a particular gambler.