Sunday 29 April 2007

Gambling

I think the only problem with gambling is when people take it to the next level. In general there is nothing wrong with gambling, it's when you spend money you don't have and you allow it to take over your life.
If you are spending your million dollar winnings on a bet as to whether or not it will rain the next day, that's a definite sign of a gambling problem. If you can enjoy the occasional trip to the casino, spending only an allotted amount of money, or a poker night with friends, then there is absolutely nothing wrong with it.

The problem I have with organized gambling is that these businesses depend for their success not on the modest recreational gamblers but on the high rollers who bet big and lose big. They do not cut people off until they run out of money.
Gambling is disturbing because it exploits human weaknesses. The problem of exploiting human weaknesses is not unique to gambling. Credit card companies don't owe their success to the people who pay their bills off in full every month. They make big money on the people who carry high balances and make minimum payments.

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