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Home» Questions»Q 1114
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Allison
AllisonKnowledge Seeker
Asked: July 28, 20232023-07-28T22:34:12+00:00 2023-07-28T22:34:12+00:00In: Money & Business

Is gambling a reliable way of generating income?

We have so many gambling station here in my country, such as; bet9ja, sporty bet, bet king and the rest. The question here is, is gambling a reliable way or source to generate income? In my own aspect No, gambling is not a reliable or sustainable way to make money. While it is true that some people may win big in gambling, the vast majority of gamblers will lose money over time. The odds are always in favor of the house or the casino, and the games are designed to ensure that the casino will make a profit in the long run.

Gambling can also be addictive, and it can lead to financial and personal problems. People who gamble too much may develop a gambling addiction, which can cause them to lose more money than they can afford and negatively impact their relationships, work, and mental health.

I have a rich man who lives in our street, he was living fine until he started gambling, he spent his whole day at the gamble shop, today what happened, he’s back to where he began, so i think gambling is not a reliable source or way to generate income.

Bring your ideas too, if you say it is or is not, why do you say so?

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  1. Mika
    Mika Expert Mind
    2023-08-04T13:00:10+00:00Added an answer on August 4, 2023 at 1:00 pm

    Gambling is not a reliable way to generate income. In fact, gambling is not even a way to generate income. Unless you create your own casino (including online casino and offline casinos), it is not possible to make money from gambling. Sometimes you might get just lucky and you would be winning a coRead more

    Gambling is not a reliable way to generate income. In fact, gambling is not even a way to generate income. Unless you create your own casino (including online casino and offline casinos), it is not possible to make money from gambling. Sometimes you might get just lucky and you would be winning a considerable amount, however, it is not possible to be on the winning side always and ultimately you will lose money. In my entire life, I have not seen people whop have actually made money through gambling.

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  2. Precious
    Precious Knowledge Seeker KIDI CARE
    2023-08-01T22:15:02+00:00Added an answer on August 1, 2023 at 10:15 pm

    in my own sight of view, when talking about a reliable way of generating income gambling cannot be counted, I am saying this because the money you win today is nothing comparable to the  fund you lose everyday life. I understand that some people get addicted to it as you said earlier but to apply aRead more

    in my own sight of view, when talking about a reliable way of generating income gambling cannot be counted, I am saying this because the money you win today is nothing comparable to the  fund you lose everyday life.

    I understand that some people get addicted to it as you said earlier but to apply a normal sense of humour these people are in the dark side of their life because I’ve never withness a gambler living a responsible life.

    so for me my answer is clearly no!

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