The new middle-class gambling addicts: how day trading is ruining lives
thetimes.co.uk
thetimes.co.uk
I live in Reno, and even though gambling is everywhere 99% of the locals I know, don't do it.
I know this is a little tongue-in-cheek, but I have a 15 year-old and we lived downtown in a major city until 5th grade. Mom and Dad definitely talked about the dangers of drugs, but I don't think any of those talks made anywhere near the impression of coming across someone passed out in the entrance to a subway station with a needle stuck in there arm. Our trip was delayed while I made sure the person was still breathing and then summoned medical help.
For reasons of physical safety, surely? A trip to a crack house will probably end any notions of drugs being cool.
but then bringing them to a casino or a place of gambling (physically, or allowing to play gambling games) would also have mental safety issues right?
I suppose someone with enough gumption could learn useful skills like sales, marketing, loss prevention, and customer retention from drug dealers too, but that’s a whole level of seedy past legal gambling.
"Place limits on availability of toxic stuff" is a better answer IMO, albeit again not perfect (see abuse of illegal drugs).
But yeah, unchecked promotion of gambling is really not good and should absolutely be curbed.
But dear Lord, the incessant ads and the flashing lights in bars and rest stops. I always took a moment to express my disapproval of people that prey on others addictions.
> Its sad that everything is monetized to the point of ruining it.
I'm with you on this. I stopped watching television, following sports, and listening to the radio many years ago.
Gambling segments and ads have become a constant on ESPN and other sports networks.
And its escalating pretty quickly over the past ~5 years.
I can't predict the future and I would certainly prefer stocks continue to recover but I think there's a huge group of people who seem to think we are going to immediately return "to the moon". I have my doubts.
it's because they found out that they can afford to wait, esp. if they didn't borrow on margin to do it. But this is actually, imho, the correct way to invest (provided that you don't all-in on one stock).
GP above has completely been missing 'opportunity' if they think we jumped exclusively from Vegas/travel destination to couch gambling
Not to imply that I'm okay with the trend, just - it's been here, and reads alarmist.
Just FYI a different state would have been more appropriate. Texas has sit-down slot machines in gas stations.
I wanted to celebrate a few years ago and asking around, everyone said reservations!
There are plenty of ways to criticize gambling as a non-productive activity, so there’s really no need to redefine game theory to do it.
It's terrible.
You can define extreme cases of clear gambling like slot machines, but the opposite isn't true. There are no extreme "definitely 100% not gambling" examples. At best you can identify things that are relatively less gambling like.
Even things that were considered canonical not gambling examples have become more like gambling. Ex: Buying a house. When people used to put 20% down, carefully shop for months, and live in a house their whole lives that's not gambling.
But now? People buy houses at 10-20x leverage, waive inspection, and go from tour to offer in 2 days. Job loss for either spouse could mean foreclosure. If the market doesnt appreciate fast they will be upside down and stuck. How is this not gambling?