Comments on: You call that gambling?

By: Tunica

Tunica — Wed, 22 Jul 2009 19:35:29 +0000

Indeed there is a very thin line between fun gambling and an addiction problem. But as long as you can make the difference gambling can be really fun and exciting in the right city, under the right circumstances and why not, mood.

By: JMJ

JMJ — Wed, 08 Jul 2009 10:50:47 +0000

“Every decision u take in life can be deemed as a gamble, since in most situations u’ll have to deal with incomplete data.”

That is my point … every decision that we make is a gamble … then how come casino gambling is considered bad…?

If you are arguing that casino gambling is additive – so are so many other things … for a serial killer – killing is additive … for a school boy playing is additive … for a lot of people like me – work is additive … the list goes on…

Now if you are going to argue that it is the measure of addictiveness… Casino gambling is more addictive than any thing else … I can vouch and say that it is not … cause I have been to casino 2 times with friends … and I still find work more interesting than the casino…

Again my point is not to justify casino gambling … rather point out our own flawed thinking …

Yes I do agree that the comparison between gambling – and all those promo’s for products is a little far fetched … guess my imagination was having its day…

Footnote:
The term “addiction” is used in many contexts to describe an obsession, compulsion, or excessive psychological dependence, such as: drug addiction (e.g. alcoholism), video game addiction, crime, money, work addiction, compulsive overeating, problem gambling, computer addiction, nicotine addiction, pornography addiction, etc. – courtesy wikipedia.

By: Kenney

Kenney — Tue, 07 Jul 2009 19:28:49 +0000

Lottery is also very addictive. There are people who buy lotteries for their entire one days salary.

By: Binny V A

Binny V A — Tue, 07 Jul 2009 18:08:46 +0000

One point to add – Casino gambling is considered addictive – lottery is not. Maybe that’s the reason.

By: Arby K

Arby K — Tue, 07 Jul 2009 18:00:26 +0000

Have to disagree with you on this. Every decision u take in life can be deemed as a gamble, since in most situations u’ll have to deal with incomplete data. Which college should I join? Which course to take? Everything can be deemed as a gamble. IT may look good when u start ur engineering, just to find that the internet just went broke when u got out of college. How do you intend to recoup those lost years?

In case u didn’t realize lotteries tend to be run by the government. Once private sector gets into it, things can turn up nasty.

One more thing, the bit abt promos given for free at the cost of the customer is incorrect in general. Products are sold for a profit. That is obvious, but promotional offers are generally to increase ur sales volume. For example, a product X makes a profit of 10%. Now, the company can only sell 10 pieces of X. So, it runs an offer to give 1 X free and they manage to sell 100 units of X for the same profit. On a percentage, the company will be gaining a little less than 10% it was earlier earning (since it has to fund the promo), but in actual terms since volume of sale has increased, the company will gain out of it. And all at no loss to the consumer.