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Let's begin with a definition. What is gambling? Gambling is betting on an issue that may or may not happen in the foreseeable future. When 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 can't be predicted with certainty. Some individuals will bet on anything. Remember the Seinfeld episode where Kramer bet on the arrival and departure times of airplanes at a brand new York City airport?

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

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

People have gambled since ancient times. Alternatively, society never approved of it since it was labeled an attempt to get money without working for it. Society considered that hard work 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 even though we have been unlikely to win within the long haul? We gamble for the excitement of the uncertain outcome. Some gamble to try to make their financial dreams come true. Many people gamble for entertainment or enjoyment, such as a night out with friends at the casino or a bingo game for a charitable organization or possibly a lottery ticket. Some think they may beat the odds and Alexistogel earn a living out of gambling. There are actually those who gamble because they simply love the challenge. They look-at gambling as a game of skill or problem solving and they are sure they may win. Some like the environment or the thrill of a possible big win, or perhaps the adrenaline rush of going for a chance. Casinos allow us to socialize and pass some time. You can 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 might be a relaxing form of entertainment but be careful not to get addicted. Addiction may lead to obsession. You might lose control and become so fanatical which you can ruin you life or suffer other catastrophic consequences. So if you gamble, make sure you set limits and keep to the limits you've got set.