Gambling: Gamblers Should Be Disciplined Enough To Risk (Other (Not Listed) Sample)

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Gambling
Gambling being an activity where someone has an edge over others, gamblers should be disciplined enough to risk only 1% of their gambling capital. Even though some gamblers can do it within their means, some gamblers become addicted to the activity to an extent of losing the sense of fun to profit making. Worse still, a gambler can resort to continuous gambling as a way of winning back money she/he had lost in the past. Gamblers need to note that the owners are in the activity to make profit, and, therefore, a continuous loss is likely to build into a vicious cycle of piling losses. In setting a platform for profit making, the gaming entertainment business has made other gamblers to gamble irresponsibly.
Gambling has economic benefits – it gives tax revenue that support both public and private amenities. In addition, in a region like Las Vegas in Nevada, the gaming entertainment business constitutes 60% of the jobs. Even though gambling has numerous economic benefits, the absence of regulators whole control gamblers’ actions makes a section of the gamblers to overindulge in the gaming entertainment business. Notably, the percentage that overindulge in gambling incur huge debts that makes them unable them to sustain their families. Some portion of the irresponsible gamblers only needs external intervention to stop gambling. They believe that gambling is the main anchor of their livelihoods. Notably, the gaming entertainment business can cause destructive behaviors, breaking up of families and friendship, disruption in employment, as well as suicide. Just like drugs that destroy the lives of human beings ought to be controlled, gambling that has the same effects like the drugs should be given strict control measures. Of what importance does gambling have if it ruins the lives of some of its participants? This argument holds only to those who are addicted to the gaming entertainment business, and, as a result, do not act responsibly. People who abide by the rules of gambling reap big from their actions. Since the gambling industry is worth 400 billion dollars, responsible gamblers have chances of grabbing the amount. The industry has been growing every year. However, they have to follow keenly the required steps to avoid addiction, as this may encourage irresponsible actions.
Risk management is key in the gaming entertainment business. Before putting off gambling, one should understand the need for gamblers to learn how to manage risk. Gamblers who do not note risk management as a decisive factor always have their betting bankroll evaporate even before gambling for long. This group of ga...