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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 future. Whenever 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. 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 not the same as buying stocks and bonds? Stocks and bonds will be considered investments and not gambles because we can reasonably expect to come out ahead within the long haul. They may be risky but not within the same sense as gambling.

How is gambling not the same as buying coverage? As we buy insurance coverage, we have been betting on an element that may or might not happen in the future. We do not want to take the risk that it shall happen, so we pay somebody else (the insurance company) to take the risk for us. When we buy homeowner's insurance coverage, by way of 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 because the risk can be calculated. The coverage company uses all kinds of statistics to analyze the probability of our house burning down and fixes the premium we will pay accordingly.

Individuals 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 thought 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 are 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 perhaps a bingo game for a charitable organization or perhaps a lottery ticket. Some think also they can beat the odds and earn a living out of gambling. There are individuals that gamble because they simply love the challenge. They look-at gambling as a game of skill or problem-solving and they are sure also they can win. Some like the environment or perhaps the thrill of a possible big win, or even the adrenaline rush of taking a chance. Casinos allow us to socialize and pass some time. You will discover no clocks in a casino; we lose track of time; we forget all our troubles. It's like a therapy session! If we have been timid, we will go to a casino and Alexistogel boldly take chances.

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