I started
a thread on this topic before, but it's nearly two years old, so rather than post in it, I'm just starting this one. One thing that's changed since then is that I actually became a gambler myself and made $16k last year from it. (I was certainly not happy when tax time came, which, oddly enough, happened on my birthday this year.)
Any thoughts on gambling will be appreciated, but I'll start us off with how most anti-gambling legislation does not make sense. I've yet to find any examples, at least in the United States (but I wouldn't be surprised if the rest of the world were similarly ign'ant) where legislators really know where they're talking about. And sometimes the anti-gambling crowd in general doesn't really get it, either.
Here's an example. Back in late 2004, when we were thinking of getting a state lottery and legalizing casino poker -- both of which happened -- I remember hearing on TV that some people didn't want to see games like roulette and craps, calling it "we don't want this to be like Las Vegas". I don't see how this argument is anything but, well, stupid, to put it bluntly. Slot machines take away a lot more money from people than a game like craps (assuming the people play craps somewhat reasonably, and I believe many do). So you can't make an argument that craps is financially riskier to the average gambler. It's a more social game, and it's more exciting to many people, but are those really bad things? Is it bad to have fun when you gamble? Shouldn't fun be the entire point, since you're never gonna beat the house in the long run anyway? Where's the problem here?
I'm always amazed at how people seem to place lotteries and one-armed bandits at the bottom of the "severity" ladder of gambling, considering that such games involve no skill, aren't much fun to play (which robs some gamblers of the enjoyment that they're supposed to have), and they suck up more money from more people than anything else. What doesn't make sense to me is that gambling is "evil" partly because of how it sucks up money, yet whenever legislator decide to legalize only a few forms of gambling, they invariably choose some of the worst forms of gambling. WTF?
So, yeah... I don't really know where I'm going with this, I'm too tired and I'm about to go to bed. What are your guys' thoughts, either on that particular aspect of it, or gambling in general? Online gambling, maybe?
- Kef