"Have You Got A Gambling Problem"

[KEV EB XR8]

Well well, good ol big brother can help.....

Legislation passed (sometime in the wee hours) to increase the payout sum from $1000 for any (club NSW) and then the remainder in a cheque, to $2000 hence a cheque, is deemed due cause to "entice" gamblers back to the club to pick up their cheque,hence gambling more. So paying $2000 will not.

Are we that naive, gamblers nine times out of ten will put most of it back in again !

A cheque has to be deposited and cleared 3 days or so and can be used to spend elsewhere on any thing, And not where the "taxed" dollar can be collected from gaming.

Gambling is a sizable sickness that ruins many families/people, exploiting it is criminal i think.

[XRchic]

Originally Posted by KEV EB XR8

Well well, good ol big brother can help.....

Legislation passed (sometime in the wee hours) to increase the payout sum from $1000 for any (club NSW) and then the remainder in a cheque, to $2000 hence a cheque, is deemed due cause to "entice" gamblers back to the club to pick up their cheque,hence gambling more. So paying $2000 will not.

Are we that naive, gamblers nine times out of ten will put most of it back in again !

A cheque has to be deposited and cleared 3 days or so and can be used to spend elsewhere on any thing, And not where the "taxed" dollar can be collected from gaming.

Gambling is a sizable sickness that ruins many families/people, exploiting it is criminal i think.

100% agree with you mate. Gambling is one of the most pointless ways to destroy the life of you and your family. People addicted to it need help, not further encouragement to dig themselves in deeper.

[ltd]

They will never eliminate gambling dens or reduce the amount of pokies when state governments are addicted to the tax revenue they provide.
Bob carr alone increased the number of pokies in NSW by 500% when he allowed them into pubs too.

[bathurst77]

I bet you $50 i dont have a gambling problem

[MoreHPformyXR6]

Originally Posted by bathurst77

I bet you $50 i dont have a gambling problem

I bet you double or nothing you do.

But in all serious there is a gambling problem out there in often its the people the can least afford it eg income support or low income earners. But its affects can be on anyone from the poor to the filthy reach. As long as you are betting what you can afford to lose its not a problem. If however you are betting with what you cant afford to lose then thats a problem.

[Kommandant]

You guys also have to realise that pokies pay the wages of a lot of clubs staff, sure they are a bad thing for those addicted, and they deserve help to rid them of that addiction, but if no-one was playing the pokies a lot of clubs would go under.

Its sad to here when a family loses everything due to one of the family members being addicted gamblers, I agree something needs to be done for them.

[MO]

Originally Posted by KEV EB XR8

Well well, good ol big brother can help.....

Legislation passed (sometime in the wee hours) to increase the payout sum from $1000 for any (club NSW) and then the remainder in a cheque, to $2000 hence a cheque, is deemed due cause to "entice" gamblers back to the club to pick up their cheque,hence gambling more. So paying $2000 will not.

Are we that naive, gamblers nine times out of ten will put most of it back in again !

A cheque has to be deposited and cleared 3 days or so and can be used to spend elsewhere on any thing, And not where the "taxed" dollar can be collected from gaming.

Gambling is a sizable sickness that ruins many families/people, exploiting it is criminal i think.

Yes I have a gambling problem....its a gamble as to whether I will post something on the forum that could get me banned.

Seriously it is a big problem but like smoking while the gov't is getting tax money they won't stop it!!!!!!!

[djjase]

Gambling is such a big industry and not just pokies - boy even a Town called Las Vegas is based on it. There is even Sports Betting as well. The Govt makes a very very very big profit from gambling - pokies, casinos, sports betting etc. Do you think they are going to do anything about it - unlikely - just like the price of petrol - they take 38c in the dollar and they wont do anything about it.

[DOC]

Originally Posted by djjase

Gambling is such a big industry and not just pokies - boy even a Town called Las Vegas is based on it. There is even Sports Betting as well. The Govt makes a very very very big profit from gambling - pokies, casinos, sports betting etc. Do you think they are going to do anything about it - unlikely - just like the price of petrol - they take 38c in the dollar and they wont do anything about it.

Gambling with money you can't afford to loose would be the problem, not gambling it'self.

As stated above with the payout increasing, it really makes no difference a problem gambler would spend it 3 days later anyway ( not saying this is good, they do need some help )

But how many buy shares, have a punt or buy a small business ? in a way it's gambling with your money as well, all be it with a bit more information regarding the outcome compared to a mindless pokie machine.

Looking at it gambling is not a problem in a pure sense, but when it gets that people spend what they can not afford to loose, it only then becomes a problem, in relation to the original post this would affect a very small % of gamblers.

I often get stories from people when i back the races that i gamble and they find it hard to understand i never use the word gamble, but instead call it investing, personally i would study my options 10 times more before investing in a race than 99% would buying / day trading in shares, but am still labelled a gambler, where they are supposodly (S) labelled as small investors or business people.

[ltd]

Originally Posted by djjase

Gambling is such a big industry and not just pokies - boy even a Town called Las Vegas is based on it. There is even Sports Betting as well. The Govt makes a very very very big profit from gambling - pokies, casinos, sports betting etc. Do you think they are going to do anything about it - unlikely - just like the price of petrol - they take 38c in the dollar and they wont do anything about it.

I agree with you about 95%, only that pokies and the casinos pay taxes to the state governments, not federal (whom collect 38c in the dollar as fuel excise). Two completely different governments.
In actual fact, NSW government brokered a deal with Star City casino that gave them effectively tax free status. Clever huh?

I would also have to agree that whilst pokies pay wages to club employees, the proliferation of pokies in pubs has only served to make several hundred pub owners rich. Additionally, the actual take from the pubs is higher than the clubs, who according to government statisitics are more generous with their players and the returns.

Finally, whilst I don't have a gambling problem I have seen the damage it can cause, especially with people who seem to have trouble with self discipline. Family break ups and foreclosure on home loans etc has only served to make a new working class poor. What gets my ire up is when we hear from state governments that the money is essential to hospitals, schools, police, nurses etc. What an absolute crock. Like most taxes, gambling only serves to redistribute money from those who can least afford it to those who are irresponsible with it (State Govts), especially when they p1ss it away on paying triple for infrastructure, or paying govt employees when they have been stood down for criminal offences but are given full pay until they can cover it up err, have an enquiry. Or when their idea of spending wisely involves the trebling of the public service (mostly in managerial and publicity roles), and the massive wage bill that ensues. Hospitals indeed.

[Duffman]

Originally Posted by DOC

I often get stories from people when i back the races that i gamble and they find it hard to understand i never use the word gamble, but instead call it investing, personally i would study my options 10 times more before investing in a race than 99% would buying / day trading in shares, but am still labelled a gambler, where they are supposodly (S) labelled as small investors or business people.

I think the difference is most people who bet on horses/pokies are investing in a quick adrenalin rush and have no 'real' ownership for the money they just used. While investing in shares you are taking part ownership in a company to share in the profits and have something to show for it. Sure you can lose just as bad as gambling but at the end of the day you hold an investment. You are also likely to make more money in a win on the races say maybe a few 100% more then you gambled, shares are usually a slower process.

I think anything can be considered gambling if you give it a broad term. At the end of the day you can gamble on anything in life. It just seems to be horses/pokies/casino's are the most addictive, you don't see many 'help im addicted to shares' hotlines.

[DOC]

Originally Posted by Duffman

I think the difference is most people who bet on horses/pokies are investing in a quick adrenalin rush and have no 'real' ownership for the money they just used. .

With respect to your comment's i can not agree with this statement, if i want a quick rush i just need to reverse the Devil out the shed, warm it up and get it loosing traction as i drive down the road.

I aslo would not tie pokies / horses together as with pokies we all know it is a one way loss of money and is based on luck at the time nothing more, horses / shares are based on research

as for no ownership for the money, i cant see that iether, it is real money invested and it hurts to loose it no matter if it is a race or shares, from what your saying it could hold sway for the pub punter on a friday night out for fun and there is nothing wrong with that and even i like picking the horse or dog with a red jumper at the pub for fun and yes i expect to loose it just as quick as playing a pokie machine.

In the office for real it's a full on serious workload, as a matter of interst are there any Day traders here who for real can make trading shares work ?

If so what if any tips can you put forward as i would also like to look at this area and see if i can work some magic with it.

[Duffman]

I have a relative who used to have a gambling problem, I don't know how but she got banned from the casino from gambling. Anyway she would just turn up in a wig and gamble away and said it was all about the 'rush'. I surpose it is different for everyone.

With ownership with shares if you lose you can claim some of that back on tax, you also receive imputation credits for your dividends and it also adds to your portfolio of assets. Gambling you can't lose and claim any of that back on tax. I don't know many people who have failed on the share market and those that do are simply trying to use it as a gambling tool. I think if you read any share market book they say if your looking to gamble look elsewhere.

Day trading what about AUM? VLL? all excellent for day trading when they released the news I know plenty of people that turned 100k into over 1 million in AUM. Though I do agree day trading really is gambling.

Sorry I don't mean any offense but so many people think shares are gambling and all that use that theory seem to fail. To effictively use shares to gamble (know when to get in and out) you have to be correct over 70% of the time. Not many people achieve this result.

[DOC]

Originally Posted by Duffman

Sorry I don't mean any offense but so many people think shares are gambling and all that use that theory seem to fail. To effictively use shares to gamble (know when to get in and out) you have to be correct over 70% of the time. Not many people achieve this result.

All good points of view and i will leave it there, as this could be a never ending circle, and as you say it really is in regards ones perception on any of the discussed methods.

Pete

[foxtrot]

Im heading to a gambling problem, won 470 bucks thursday night... double or nothing... red NOTHING.. kept on that machine, won 300 bucks... double or nothing again.. LOSE.. stayed on the machine won 70 bucks.. double or nothing LOSE.. put the rest of my cash through.. oh well i bought lots of drinks etc so i really only lost 100 bucks.. thing is i could of left with $700 hahahaha (I had quite a few wins before the 470 i stupidly tried to double up)

but honestly im not an addict :|

[chief]

My brother is a dealer at Star City and has a few storeys to tell.

[RACINGdork]

hrrrmmmm gambling is great when you know when to stop.
hehe infact at 10.10 am this morning i was at crown casino playing a poker tornament, after playing home poker till 2am last night-i dont call it a problem, its dedication.

if your silly enough to blow all your cash on the pokies well then thats bad luck, but you shouldnt blame anyone else for your own actions.

[Gilesie]

It is a rare day when I put tattslotto on
I was involved in the cableing for Tattslink and some of the stories that I heard.
No problem here.

[Black XR6]

I won a grand total of $38 on the 1c pokies at a pub I was at on thursday for a work thing. Put $5 in and walked out with $38. I dont trust pokies and the double up feature. Essentially they are just computers and are programmed to pay out certain amounts but if you double up a $10 win do you have more chance of succeeding than if you happen to want to double up $700 win? It wouldnt be hard for the computer to wait for you to push red and be programmed to display black for larger payouts.

[GK]

Gambling is wrecking so many families. It's a massive problem in this country, just take the amount spent on the Melbourne Cup. It's huge.

Heard a story of a man who went to the casino whilst on holidays, the family never saw him in their week stay there, and 2 months later, he had lost his marriage, kids, car, home and job! Horrible.

I also agree with the point that day trading is gambling. I once saw a great show on SBS regarding gambling and the rushes that day traders have being almost identical to those playing slot machines! Very interesting.

We'll never beat this problem until governments realise that the cost to the fabric of our society is far greater than the revenue they get from it.

Sad but true.

GK

[jim1606]

i think i am right in saying that we arnt really allowed to gamble in this country. We can gamble but not prper hardcore gambling, i think so anyway.

[thefargo]

[QUOTE=DOC]Gambling with money you can't afford to loose would be the problem, not gambling it'self.

I agree, I find it upsetting to hear of people who are betting away their morgage payment, or their weekly rent/food bill.

I think if you can afford it, it's yours to spend, personally I would spend it on fuel or another of lifes pleasures, but okay I'm talking $20 -$50 here, but betting the important stuff which leaves you in the **** doesn't seem like a safe bet to me.

[DOC]

Originally Posted by jim1606

i think i am right in saying that we arnt really allowed to gamble in this country. We can gamble but not prper hardcore gambling, i think so anyway.

??? and what would be hard core gambling, people place 1 million plus $ bets on the melbourne cup and also id say thats probably chicken feed for some that roll big in the casino's