Is gambling a waste of money

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struggler07
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#1
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#1
What's worse if you gamble 40-£60 a day and you don't get nothing back or buying expensive clothes like jackets for £80 a lot
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Underscore__
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#2
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(Original post by struggler07)
What's worse if you gamble 40-£60 a day and you don't get nothing back or buying expensive clothes like jackets for £80 a lot
An £80 jacket isn't expensive at all. Gambling an never winning is worse, at least you get something if you're buying expensive possessions


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username1620381
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#3
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#3
Gambling is a complete waste of money as then you don't have the money to buy what you need
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difeo
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#4
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#4
Depends if you win

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Underscore__
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#5
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(Original post by 1998RF)
Gambling is a complete waste of money as then you don't have the money to buy what you need
Plenty of people gamble and still have enough money to cover the essential things. Not all gamblers are the degenerate addicts you see on Jeremy Kyle


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username1620381
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#6
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(Original post by Underscore__)
Plenty of people gamble and still have enough money to cover the essential things. Not all gamblers are the degenerate addicts you see on Jeremy Kyle


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Well if you re good and guaranteed to win then it's better but I don't think many people have the money to just throw around like that.
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Asolare
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#7
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#7
Think it honestly depends on what type of gambling you do (e.g. scratchcards are obviously a waste of moniez), but for the average member of the population I'd say yes.
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fefssdf
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#8
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#8
(Original post by struggler07)
What's worse if you gamble 40-£60 a day and you don't get nothing back or buying expensive clothes like jackets for £80 a lot
Buying the expensive clothes cause at least you could sell the clothes and get some of the money back but when you've gambled away your cash then it's not gonna come back !
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Underscore__
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#9
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(Original post by 1998RF)
Well if you re good and guaranteed to win then it's better but I don't think many people have the money to just throw around like that.
If you're guaranteed to win its not gambling. People have disposable income and choose to spend it on lots of different things, one such thing is gambling.


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loveleest
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#10
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#10
Gambling is only a waste of money if you an addict and do it constantly. Maybe once a month is fine, another more is just a waste.
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Kieran1996
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#11
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#11
IF you really want to gamble and get rich then:

1) get a good degree from a good uni (i.e. finance / PPE / engineering)
2) do some internships at several banks
3) get on a graduate Investment banking scheme
4) gamble with a brain and make big bucks

it makes much more sense to get a £80 jacket than gamble £60 on football results
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InvestmentBankin
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#12
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#12
(Original post by Kieran1996)
IF you really want to gamble and get rich then:

1) get a good degree from a good uni (i.e. finance / PPE / engineering)
2) do some internships at several banks
3) get on a graduate Investment banking scheme
4) gamble with a brain and make big bucks

it makes much more sense to get a £80 jacket than gamble £60 on football results
Indeed, although I find it hard to qoute you beause your avatar is so disgusting, but yes you are right.

What he said - if you absolutely feel you must gamble do not go to a casino, go online or call a brokage firm for high volatility stocks. When you own a lot of capital you can make an additional 20-30% to your annual income on relatively safe blue chip stocks with large quantity of shares.
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Underscore__
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#13
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(Original post by InvestmentBankin)
Indeed, although I find it hard to qoute you beause your avatar is so disgusting, but yes you are right.

What he said - if you absolutely feel you must gamble do not go to a casino, go online or call a brokage firm for high volatility stocks. When you own a lot of capital you can make an additional 20-30% to your annual income on relatively safe blue cheap stocks with large quantity of shares.
It's blue chip not cheap. Blue chip companies are huge companies with massive market capitalisations, their shares are generally quite expensive and don't usually have a particularly high yield


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InvestmentBankin
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#14
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#14
(Original post by Underscore__)
It's blue chip not cheap. Blue chip companies are huge companies with massive market capitalisations, their shares are generally quite expensive and don't usually have a particularly high yield


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Of course. It's just a spelling mistake.
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Kieran1996
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#15
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#15
(Original post by InvestmentBankin)
Indeed, although I find it hard to quote you because your avatar is so disgusting, but yes you are right.
hm this would explain my lack of popularity

it may be time for change...
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SummerStrawberry
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#16
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#16
Walk into any casino. Plush carpets and giant chandeliers. Who do you think usually wins?

Betting companies also have thousands of bets on all outcomes of something, and adjust their ratios accordingly. Tey have very little interest in which way something goes; what they lose in giving to you they make back on those who bet on another outcome. You have much more to lose than they do, and also much less to win.

In short, for anything other than a bit of fun, it's a complete waste of money! Although I have never engaged in it (and do not intend to do so), I can see that it could be fun in moderation.

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Platopus
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#17
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#17
(Original post by struggler07)
What's worse if you gamble 40-£60 a day and you don't get nothing back or buying expensive clothes like jackets for £80 a lot
If you don't get nothing back, then you have got something back, in which case it is not a waste of money.
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Fenice
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#18
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#18
If you are going to gamble do it properly.

First of all do not play casino games online. Go to a casino in London. I recommend Crockford's.

Play something like Blackjack which has an element of skill. Read books about it. Learn basic strategy. Learn to card count. Bet small. Don't drink. And most importantly of all, black tie.
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Golden State
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#19
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#19
Gambling is a waste of time and money. It really isn't worth the stress.
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chemting
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#20
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#20
Well, I would say Pascal's wager is a gamble... a cheap one at that... so yeah, you could say its a waste of time and money
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