Gambling for money contradicts the very idea of money

[DaNNy001]

I don't agree completely with you on the point that you are trying to drive home here. Yes it's true that money is a medium of exchange and you must exchange value for money when you gets to gambling there is also an exchange. You are exchanging money as the value and in return you are expecting more money,this is more like a business to me even if most people will not agree with me on this. Gambling involves you risking your money which I can also consider as something which I can describe as the exchange medium.

For me it's simple as ABC although many persons feel that the reject the idea that gambling isn't supposed to be aimed at getting profit or money in return but for me that's exactly the bright idea behind gambling because it's either you lose or you win and in the course for that your money must be involved in it to so whether you gamble for fun or not one way or the other a business transaction must take place which automatically counts that you aim at earning profit too.

[junder]

The reason why majority of people do gamble is to make profit and it is few that do gamble for entertainment. Going into gambling with the aim of making profit can't lead to addiction, it is when gambling is seen as a source of income that when a gambler can become addicted. There are people that gamble to make profit but they are addicted to gambling because they have discipline themselves not to overdo it.

Yes, that's true. I myself gamble because I want to get lucky and win, but luck is unpredictable, so I can't force myself to win. All I can do is wait for the right moment. Only time will tell.

What you said about gambling with the aim of making a profit not leading to addiction is true, but it also depends on our self-control. If we can't control ourselves, we will continue to gamble without considering the risks.

[SamReomo]

What you said about gambling with the aim of making a profit not leading to addiction is true, but it also depends on our self-control. If we can't control ourselves, we will continue to gamble without considering the risks.

No matter how hard we try to build that self control we still can't control ourselves when our intention is to make money from gambling. I know there're some lucky people who're making regular income from gambling but those are very rare people with extremely good luck.

Most who're not lucky don't make anything in gambling and even whatever they make in it they end up losing it if they don't know much about gambling responsibility.

[Text]

for me gambling for money doesn’t really break the idea of money it just shows another way people assign value but I do agree though that crypto fits this mindset really well, a lot of it is about participation, luck, timing & community hype rather than pure utility that’s probably why gambling feels natural in crypto spaces so yeah it makes sense that the gambling board is popular. Crypto attracts people who are already comfortable w/ risk, chance & asymmetric outcomes whether that’s good/bad depends on how honest people are w/ themselves about what game they’re actually playing.

[Out of mind]

Money has a kind of approach in which except we go through that same pattern, we may not really earn it the exact way we have wanted, that is why we have to understand more about the application of gambling to the value of money and why we may not have money as intended from gambling as well as how the value of money cannot be limited to gambling purpose, when a gambler understand all these, things wont fall apart for us and we are going to have the best of it all.

For us to enjoy gambling, we should just stop trying to attach the value of money to it and gamble with little money that has no value and not try to derive the value from it; just use little money, enjoy the moment, and if it goes, it goes, and if you win, then you put that money into your pocket and move on with your life.

Of course the money that a gambler can lose does not result in financial problems and it is wise to use that money within your means. When there is no excess demand through gambling, a gambler can actually enjoy the real fun. Most gamblers gamble in the hope of profit, which is not right at all, as a result of which only increases emotion or greed, the risk of losing money increases manifold. Therefore, by keeping our mind calm and gambling for entertainment, there is no possibility of addiction, so we can stay within our limits and enjoy the real fun and reduce the risk of losing extra money.

Yes, those who go into gambling to earn money cannot control themselves, but rather to fulfill their financial needs. Basically, gambling is a place for fun and entertainment, but some people enter there to fulfill their needs and they lose money until the last moment and lose control. If one is exposed to gambling with one's own responsibility and plays for fun, then one may never become addicted to gambling. Therefore, gambling should definitely be played with a calm mind and if we play for entertainment to earn money, then it will definitely be risky for our money.

[Samlucky O]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.

In this scheme, the person who ends up with more money is the one who has provided more value to others. Everything is clear and fair.

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

When we win money we don't break the scheme, how do you explain paying money to casino to place a bet? Isn't that exchange of cash to value? Well it might interest you to know that even though gambling case is different from the ones you are familiar with, they are still thesame. Just like paying money to render service and paying money to buy something, they are thesame. The gambling side is like paying money in exchange of opportunity, this opportunity determines the value. When you win it could be considered as value but if you lose its at your own risk. So no money is exchange for nothing, there must always be value for exchange of cash despite how it appears.

[internetional]

When we win money we don't break the scheme, how do you explain paying money to casino to place a bet? Isn't that exchange of cash to value? Well it might interest you to know that even though gambling case is different from the ones you are familiar with, they are still thesame. Just like paying money to render service and paying money to buy something, they are thesame. The gambling side is like paying money in exchange of opportunity, this opportunity determines the value. When you win it could be considered as value but if you lose its at your own risk. So no money is exchange for nothing, there must always be value for exchange of cash despite how it appears.

Yes, that is a very well-reasoned point of view.

When I gamble, I usually hope to get easy money - money that seems to require nothing in return. But perhaps you are right, and there really is no such thing as money from nowhere even in gmbling. Any winnings exist only because we first had the real, material means to place a bet.

There is a Russian joke that illustrates this perfectly.

A righteous man prayed to God every day for many years, asking Him to grant him a lottery win. Finally, God lost patience and, during one of those prayers, answered:
- Give me at least one chance to make it happen. Buy a lottery ticket!

[Dr.Bitcoin_Strange]

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

But when you win a certain amount from gambling, you certainly see the value that can be used for your desires. We cannot look at it from that perspective. When you win money from gambling, there will be a large number of other gamblers who lose money from their bets. Casinos offer wins from bets; you use your money to buy the value of those bets.

Thanks for mentioning this, I actually wanted to throw it as a question, if it was ok for other gamblers to lose so much money to gambling  and then see it as a contradiction when someone luckily wins. Just like you said, this should not be viewed in that perspective, unless that the casinos would not also let money be involved in gambling, maybe people would just play with points and for fun.

[imthegreat]

Players who agreed to gamble did so voluntarily; no one coerced them. Yes, some came to the casino or online casino because friends asked them to join them for an evening.
This is partly their responsibility, but I'd like to point out that gambling has its emotional benefits. Yes, it offers the chance to win money, but there are also those who come to relax and for the chance, rather than seeing it as a way to make money. For example, when I play slots, I immediately lose all my deposited money. But I agree to that.

[junder]

No matter how hard we try to build that self control we still can't control ourselves when our intention is to make money from gambling. I know there're some lucky people who're making regular income from gambling but those are very rare people with extremely good luck.

Most who're not lucky don't make anything in gambling and even whatever they make in it they end up losing it if they don't know much about gambling responsibility.

I agree with what you said. One of the key factors is intention. If the initial goal of gambling is to make money, it will be difficult to control ourselves. Furthermore, the temptation to gamble is quite strong. Even those who gamble for fun can sometimes become greedy after winning.
I don't think anyone is completely broke at gambling. I mean, they certainly do win occasionally, even if it doesn't fully offset the losses.

[aysha9853]

I don’t fully agree that gambling destroys the meaning of money It’s more like entertainment with a price tag people know they’re paying for risk and excitement, not value creation.

[348Judah]

The idea of money is that we should all do something that could earn as an income to be able to have money for a living, this may come from gambling, no matter what we do, or when we invest or even receive free donations from others as the case may applies, while in gambling, the idea of money still never changed, because we make use of the opportunity to play and have fun, then also stand a chance to earn more from what we have in it.

[r_victory]

While other ways of using cryptocurrencies are not becoming common, betting has played that role. As long as cryptocurrencies are seen only as a store of value and for speculation, that's what we'll have. The dream was to pay with crypto, and since the options are few, betting with crypto is more practical and accessible than with cash.

[Julien_Olynpic]

In my opinion, neither cryptocurrencies, nor gambling, nor any other method of accumulating money without directly using it for simple exchange for value, contradicts the idea of ​​money as such. As for cryptocurrencies, their use as intermediaries for exchange is limited by the fact that they must first gain recognition and distribution. Furthermore, their use is restricted by regulators, who view them as competitors to fiat currencies.
Gambling, however, does not contradict the idea of ​​money because users often effectively spend their money on the pleasures associated with gambling. For them, it is often as simple an exchange as simply purchasing a physical product.

[Cryptmuster]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.

In this scheme, the person who ends up with more money is the one who has provided more value to others. Everything is clear and fair.

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

It would be much better to play for something else. For example, for points.

Cryptocurrency actually fits this quite well too. Especially coins that are given away in airdrops, or those that are easy to mine. Or, really, any coin that only pretends to have value.

So overall, it seems quite logical to me that the most popular board on Bitcointalk right now is the "gambling" section. The most obvious use case for cryptocurrency, wouldn't you agree?

Gambling existed long before cryptocurrency, and the principle didn't change with the advent of cryptocurrency. It's just that thematically, the casinos here on the forum accept cryptocurrency payments, that's the only difference. And here, the casino usually wins, exactly what you were talking about, providing value to the player, creating a place where they can play, and they pay you for it. So the principle of value remains the same. And those who manage to win spend a lot of time on it, and time can also be valued, so everything is fine with gambling and money. )

[purple_sparkles]

In my opinion, people who choose gambling each find their own value in it,  for example, the thrill, the hope of winning, or a way to shift their attention away from everyday concerns. We also go to the cinema, work out, or visit cafés to experience emotions, take a break, and make life feel simpler, even though many of those things could be done at home on our own. We pay for those experiences, and in the same way, gambling provides certain emotions as well.

[KiaKia]

So it's because of entertainment that people are losing their lives savings to gambling? Is entertainment in return for money is all what gambling is about? That's a big fat lie, casinos are not amusement parks where people pay the exact same amount as ticket fee to have fun, responsible gamblers are the ones that turn gambling into entertainment.

I have seen several times where gamblers complained that casino games sucks, and they also have the worst soundtrack of all games to ever exist, yet they keep gambling, are we sure again that these people just pay some money to get entertained by something that they don't really like?

It is obvious that they are gambling to make more money, this is the reality of gambling, if entertainment is all that casinos have to offer many people will be better off doing something else, casinos are short way to making money, and that's why they are successful, because people do want to make money risking their hardearned money.

[Aanuoluwatofunmi]

There are many ways to have money, but I will not support those that have made it the cheapest and most available way of making money in life, because gambling is for fun, while we can go into investment and doing other lucrative business ideas to get money as well, those that depend on gambling to earn money may not find it fulfilling for any reasons, because it already contradict the normal procedures, except they made it by luck.

[centrum]

although there is some logic in this idea it cannot be said to be completely true. money is basically a medium of value exchange where someone provides a service or a product and receives money in return. ideally the person who creates more value should have more money. but in real life money does not come only from direct labor or services. investment risk taking innovation and even luck play a major role. gambling is an area where no real tangible value is created and everything depends on risk and probability.

still i do not fully believe that winning money through gambling automatically destroys the value of money. because for many people gambling is a form of entertainment where they spend money for excitement enjoyment and experience. these feelings also represent a kind of intangible value. the problem begins when people start seeing gambling as a source of income or an alternative to value creation. the same idea applies to cryptocurrency as well. although some coins are based on speculation and belief not all crypto assets are meaningless. therefore in my opinion balance awareness and realistic thinking are the most important factors.

[Roseline492]

When we win money we don't break the scheme, how do you explain paying money to casino to place a bet? Isn't that exchange of cash to value? Well it might interest you to know that even though gambling case is different from the ones you are familiar with, they are still thesame. Just like paying money to render service and paying money to buy something, they are thesame. The gambling side is like paying money in exchange of opportunity, this opportunity determines the value. When you win it could be considered as value but if you lose its at your own risk. So no money is exchange for nothing, there must always be value for exchange of cash despite how it appears.

Exchange of money does not include only the physical but anything with expectant of money or any value at the end, the value is already there the moment something might come out of it, perhaps the thought of uncertain value to see after staking money for gambling is the reason he believes it breaks the scheme, every bet we play we are doing exchange, although this type of exchange is not the one we certainly see the value at all time because the exchange is wining and losing, you get more money when the casino is losing from you and if you are losing the casino is gaining from the exchange.