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Let's begin with a definition. What is gambling? Gambling is betting on a thing that may or might not happen in the foreseeable future. When we gamble, we take a risk, choose an uncertain outcome, and bet on it. Gamblers bet on casino games, horse racing, and sports where the result cannot be predicted with certainty. A lot of people will bet on anything. Remember the Seinfeld episode where Kramer bet on the arrival and departure times of airplanes at a whole new York City airport? <br><br>How is gambling different from buying stocks and bonds? Stocks and bonds will be considered investments and not gambles because we can reasonably expect to come out ahead in the long haul. They might be risky although not within the same sense as gambling.<br><br>How is gambling not the same as buying insurance coverage? Whenever we buy insurance coverage, we are betting on an element that may or might not happen in the future. We don't want to take the risk that it will happen, so we pay somebody else (the insurance company) to take the risk for us. Once we buy homeowner's insurance coverage, as an example, we have been betting our house will burn down and also the insurance coverage company is betting it won't. (Of course we hope we won't win this bet.) This is not gambling because the risk can be calculated. The insurance coverage company uses all kinds of statistics to analyze the probability of our house burning down and fixes the premium we will pay accordingly.<br><br>Individuals have gambled since ancient times. On the other hand, society never approved of it since it was labeled an attempt to get money without working for it. Society thought that serious effort should pave the way to financial success. It wasn't until the late 1960s that states (except for Nevada which had legalized all forms of gambling earlier) started to run lotteries to raise money for worthwhile causes. <br><br>So why do we gamble even though we are unlikely to win in the long term? We gamble for the excitement of the uncertain outcome. Some gamble to try to make their financial dreams come true. Some individuals gamble for entertainment or enjoyment, such as a night out with friends at the casino or possibly a bingo game for a charitable organization or perhaps a [http://valleyhousingrepository.library.fresnostate.edu/user/victorklawson lottery online] ticket. Some think they may beat the odds and earn a living out of gambling. There are men and women that gamble because they simply love the challenge. They look at gambling as a game of skill or problem solving and they are sure also they can win. Some like the environment or perhaps the thrill of a possible big win, or even the adrenaline rush of going for a chance. Casinos allow us to socialize and pass some time. You'll find no clocks in a casino; we lose track of time; we forget all our troubles. It's like a therapy session! If we have been timid, we will go to a casino and boldly take chances.<br><br>Occasional gambling may be a relaxing form of entertainment but be mindful not to get addicted. Addiction may lead to obsession. You could lose control and become so fanatical you can ruin you life or suffer other catastrophic consequences. So if you gamble, make sure you set limits and keep to the limits you have set.