Can Gambling be Considered a Business?
- Thread starter Golden9
- Start date
Exactly, with business there is an assurance that you would be making some profit as time goes buy, but with gambling, it is simply by luck, there is no guarantee.
Gambling does not have a real market and it does not actually involve selling or buying products. Hence, I may never consider it as a real business at all in the first place.
I would never consider gambling as a business, because you can't count on it to make the expected returns. Because in gambling we only rely on luck, while in business there is an effort to increase profits.
@astutimeliana723 but here some people survive on the money they earn by betting or gambling. They live a very good life. Whereas people like us work hard still our cost of living is not better than theirs.
They're just getting lucky, or they have a lot of debt behind who knows? Sometimes people look hedonistic, even though they owe debts here and there, and vice versa, sometimes people look simple, even though their assets are everywhere.
@astutimeliana723 yes who knows they may be borrowing money from others to keep their life going on. I think the share market is also like a gamble, I have earned $400 in the last three months from there.
I see gambling as one of the fastest ways anyone can become broke. It is a sorry situation that a lot of youths think they can make a lot of money from gambling without understanding the risk involved in it.
I don't see it as a good act to do no matter how much anyone claimed to have won.
I don't see it as a good act to do no matter how much anyone claimed to have won.
Though there are persons who would argue this with you that gambling is more than that, or that there are people making money from it, but the truth of the matter is that gambling should not be considered a business.
I have taken my time to study gambling and how it works and I can tell anyone for free that it is is a scheme that puts you against a system at the advantage ratio of 90:10 in favour of the system.
I do not believe that gambling can be deemed a business since there is no guarantee of making a profit from it.
