Why So Many Gamers Are Unemployed
The recent developments in the Middle East have once again made international headlines, this time with reference to the Kingdom of Saudi Arabia and their decision to put a new currency into circulation – the Pound Sterling. This move has sparked off a variety of reactions from across the world, with many speculating on how the move might affect the value of oil. One of the most immediate reactions was that of oil prices, which increased on news that the Kingdom would be changing its official name to the Kingdom of Saudi Arabia. However, some additional analysis suggests that this move may not have a major impact on oil prices (although as we will see in the next article, there are a number of potential negative implications), but could be in fact have a very positive effect on global commodity prices.
Starting with the United States, one of the largest exporters of agricultural produce in the world, the sale of American produce has traditionally been strongly related to the performance of the US economy. In recent times, this relationship has shown signs of weakness, with sales of food products and dairy products in particular being lower than normal levels. The reason for this is easy to see; agricultural markets are in recession. Although the United States is not facing a recession per se, it is recession proof. This means that sales of agricultural products are falling at a time when they should be increasing. A weaker economy, therefore, can have a major impact on commodity prices, and the changes that may follow.
The same argument can be applied to gamblers in the United States. If you are a gambler based in the United States, you are probably familiar with the argument that gamblers are professionals and thus, don’t need governments to regulate them. The argument seems compelling because most gamblers understand that the most important rule about gambling is that there are odds. If you know the odds, then you know that there are no good gamblers, only bad gamblers. Gambling is just a form of high risk gambling, according to this view. Gamblers are just professionals who understand the odds.
It is a fact that gamblers are professionals, who understand the betting rules and odds far better than the general public. They know that in the long run, they will lose more often than the people who do not understand the odds. These people will, nonetheless, win on occasion – but their wins will be fewer than the losses that they incur. In other words, the more experienced a gambler is, the less likely he or she will ever gamble without carefully considering the possible outcomes. The fact that gambling is associated with such a high degree of danger, coupled with the knowledge that the best punters win more often than the average person, leads to the conclusion that gambling is a skill like any other.
Some gamblers may spend large amounts of their own personal money on gambling, even when they have no intentions of gambling. Some gamblers may keep gambling money in an account in their name. Others may use their credit card to pay for their gambling expenses, even when they have already gambled. There are some who will borrow money from family or friends, or may even steal lottery tickets. These people may feel that they are protecting themselves from their own outcomes, even though the theft of lottery tickets or other gambling money represents a greater risk to their own financial futures than the outcomes that they themselves choose.
Gambling can be a dangerous business. Professional gamblers should never involve themselves in any gambling activities that they cannot handle themselves, and they should always keep careful watch over their personal finances. Their main article on this matter is not directed towards all gamblers, but it is directed towards professional gamblers who take on too much risk. You can, however, learn a lot from this main article, as it explores gambling from a psychological and sociological perspective. We recommend you read the whole thing, as it is very informative and goes into more depth than most articles on this topic.
