Gambling doesn't pay?

I remember being in Las Vegas a few years ago. I'm not a gambler at all and all I could think of when I saw places such as Caesars Palace was that it was all paid for by lots of people losing money. Many more than they could afford. In Sponsorship we've already seen tobacco and drink being banned, I can see the same happening to gambling. It's far more accessible now and, with online gambling, the money you lose doesn't pass through anyone's hands so people don't appreciate the debt they're building up.
 
Grant85 said:
No - a socialist would probably cap salary at £100 million. I'm saying she should voluntarily distribute £200 million of her income to her top staff and advisers.
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Wo don't know what she does with her money do we? She may be a quiet philanthropist, one that doesn't want publicity. Her family own the firm, if she doesn't take the money out it stays in the company doing what? It is hers, she has generated the profits. You would hope that she gives pretty decent bonuses out but if she gave everyone £1m then she would have no staff the next day. She pulled out a massive dividend last year as well as this so presumably morale was not damaged last time and wont be this time.

I don't bet so don't contribute to their, or any gambling company, profits but clearly they are doing something right.
 
Lord Tyrion said:
Wo don't know what she does with her money do we? She may be a quiet philanthropist, one that doesn't want publicity. Her family own the firm, if she doesn't take the money out it stays in the company doing what? It is hers, she has generated the profits. You would hope that she gives pretty decent bonuses out but if she gave everyone £1m then she would have no staff the next day. She pulled out a massive dividend last year as well as this so presumably morale was not damaged last time and wont be this time.

I don't bet so don't contribute to their, or any gambling company, profits but clearly they are doing something right.
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...and a lot of gamblers are doing something wrong - losing...:(

But you never know - she might be building a massive charitable fund...
 
Lord Tyrion said:
Wo don't know what she does with her money do we? She may be a quiet philanthropist, one that doesn't want publicity. Her family own the firm, if she doesn't take the money out it stays in the company doing what? It is hers, she has generated the profits. You would hope that she gives pretty decent bonuses out but if she gave everyone £1m then she would have no staff the next day. She pulled out a massive dividend last year as well as this so presumably morale was not damaged last time and wont be this time.

I don't bet so don't contribute to their, or any gambling company, profits but clearly they are doing something right.
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Not so sure her philanthropy is that quiet, she has her own charitable foundation which she put £85m into this year
 
harpo_72 said:
Gambling should be illegal to advertise it's no better than smoking ... just saying
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It's an interesting idea, reborn!
Years ago, before betting shops, it was illegal to bet IIRC except on the racecourse itself, on at the casino if it was a properly licensed gaming establishment.
That's when there were illegal bets made on the street "bookies' runners" etc
Yes, it did prevent a lot ( but not all) of heartache which happens when gambling is done to excess and households are blighted when funds go irresponsibly on gambling.
So, do I prefer the situation then to the one now where you can sit with phone in hand and bet on almost any little thing? Yes, I do.
However, I cannot deny that it removes a basic freedom. Would you ban alcohol because of alcoholism?
And ,on a basis that adults should be free to decide for themselves, how do you fault any action which is fundamentally honest, and only undesirable when done to excess.?
 
Swinglowandslow said:
It's an interesting idea, reborn!
Years ago, before betting shops, it was illegal to bet IIRC except on the racecourse itself, on at the casino if it was a properly licensed gaming establishment.
That's when there were illegal bets made on the street "bookies' runners" etc
Yes, it did prevent a lot ( but not all) of heartache which happens when gambling is done to excess and households are blighted when funds go irresponsibly on gambling.
So, do I prefer the situation then to the one now where you can sit with phone in hand and bet on almost any little thing? Yes, I do.
However, I cannot deny that it removes a basic freedom. Would you ban alcohol because of alcoholism?
And ,on a basis that adults should be free to decide for themselves, how do you fault any action which is fundamentally honest, and only undesirable when done to excess.?
Click to expand...


What is utterly amazing in this day and age is that bookmakers are still allowed to differentiate what they offer to different customers based on their previous success, to the point where they actively financially support losing punters to encourage them to lose more whilst shutting down or severely limiting winners punters with accounts automatically assessed and categorised. The bookmaking firms do very little actual bookmaking these days, they are run predominantly by accountants and marketeers, and they follow exchange prices almost all of the time rather than actually standing a price based on their own opinion. Thats without discussing all the real underhand stuff that goes on to stack the odds more and more against the punter
 
SwingsitlikeHogan said:
I know that that is what is happening - but Lotto UK do not encourage us to take a punt on the lottery by telling us that when we win we win money someone else has lost - they tell us that the lottery pot for the next draw is £Xm.

I'm just uncomfortable with the gambling companies encouraging you to gamble as you'll take money from someone else...but I suppose that they are actually just being honest :)
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Never played golf for a fiver?
 
fundy said:
Not so sure her philanthropy is that quiet, she has her own charitable foundation which she put £85m into this year
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I had not bothered Googling it, don't live in the area to hear it on local news, so was not sure what she did or did not do. £85m is a pretty good chunk to give, fair play. You can do a lot of good with that.
 
TheDiablo said:
Never played golf for a fiver?
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Actually no - I haven't.

I am not into playing golf where there's any aspect of gambling or bigger money involved (club comps aside). My weekly roll-up (of about 30 guys) is £1 in the pot with max winning usually about £15 (think I've won twice in 10years). In a four ball the most I'll win or lose is likely to be about £4.
 
Swinglowandslow said:
It's an interesting idea, reborn!
Years ago, before betting shops, it was illegal to bet IIRC except on the racecourse itself, on at the casino if it was a properly licensed gaming establishment.
That's when there were illegal bets made on the street "bookies' runners" etc
Yes, it did prevent a lot ( but not all) of heartache which happens when gambling is done to excess and households are blighted when funds go irresponsibly on gambling.
So, do I prefer the situation then to the one now where you can sit with phone in hand and bet on almost any little thing? Yes, I do.
However, I cannot deny that it removes a basic freedom. Would you ban alcohol because of alcoholism?
And ,on a basis that adults should be free to decide for themselves, how do you fault any action which is fundamentally honest, and only undesirable when done to excess.?
Click to expand...
If it does become illegal it will go underground .. completely understand that but kill the advertising.
But we might as well legalise cannabis and all other drugs, better to get it into a safe environment and let the profits become taxable ... I know that was taking the argument too far ;)
 
SwingsitlikeHogan said:
Actually no - I haven't.

I am not into playing golf where there's any aspect of gambling or bigger money involved (club comps aside). My weekly roll-up (of about 30 guys) is £1 in the pot with max winning usually about £15 (think I've won twice in 10years). In a four ball the most I'll win or lose is likely to be about £4.
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Of course, that's not gambling, really. That's a game of skill. Gambling is a game of chance. So you could play for a fiver with a clear conscience-?
 
...lives are ruined and people die...ah yes - gambling is a lifestyle choice - a leisure choice - a bit of fun - the responsibility of the individual gambler to manage within their means...that's it - must get back on the gambling industry message.
 
SwingsitlikeHogan said:
...lives are ruined and people die...ah yes - gambling is a lifestyle choice - a leisure choice - a bit of fun - the responsibility of the individual gambler to manage within their means...that's it - must get back on the gambling industry message.
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But it is in itself an honest way of making some money. It's attractive because it easy. And it is fun.
The problems arise when people do it to excess and to a point when it ruins lives.
In your post, you could be talking about alcohol, just as easily.

I would agree to curbs on present levels of advertising on tv etc. Technology has made having a bet on such minor things too easy for the weak.

It's always a difficult thing to balance freedom to do lawful things which may harm yourself , and the nanny state.
 
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