The Complex World of Betting: Tradition or Trap?

in #hive-15385013 hours ago


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It's hard to walk away from a winning streak, even harder to leave the table when you're on a losing one."

This is a publication based on the suggested topic proposed in the Hive Learners community through their discord, which on this occasion is "Should Gambling/Betting Be Illegal?".

I will distribute 3% of the rewards obtained in this post, among the best comments, who will receive a tip when the rewards are collected.


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"Luck is what happens when preparation meets opportunity."
<< Seneca >>



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Bing AI

Welcome to my blog, and once again, we have a very interesting and highly controversial topic for today.

The question posed for our conversation and interaction is whether betting or gambling should be illegal.

There is a tradition in many countries for people to have the habit of betting and getting involved in gambling.

In the case of my country, Venezuela, we have a tradition every Sunday of participating in horse racing bets.

Every Sunday, people have a tradition of filling out their betting slips.

For those in other countries who may not know what this is, it is simply that horse races are usually held at the racetrack on Sundays, and nationally, people have the possibility to go to a place where they can place bets on horses or predict the horses that will win the races of that day.

They fill out what is called a betting slip, which is like a bingo card, where they have all the bets on the horses they think will win.

This way, there is a large accumulated prize every Sunday, and people can receive a reward according to the number of correct predictions they have made.

The issue with this is that it is a tradition in the country, and people, with great enthusiasm and hope, go and bet on their favorite horses.

Nowadays, with the presence of globalization, this has expanded greatly, and people don't even have to leave their homes to place bets, as they can do it directly online or via their mobile phones.


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Bing AI

The thing is, with all these types of games of chance, when there is betting, the odds of winning are very small because, as the saying goes, "the house always wins."

All these betting systems are designed to be attractive to users, and this is how they hook users, offering them a very large, attractive amount of money and presenting the possibility of big winnings in a seductive manner.

This is precisely where people fall into the temptation of believing they can win.

These systems also offer stimuli or motivations in the form of small prizes at regular intervals. Regardless of whether it is slot machines, blackjack, poker, horse racing, dice games, or any other variety of casino betting, they all have a system where they make people periodically win small amounts to keep them motivated and betting.

I have personally known many cases of people who get into gambling and never stop betting.

Directly here in my country, I know friends who have this vice. Even in local games, they constantly bet, believing they will win.

Personally, I have given in to this temptation on several occasions because I believed I would win.

That’s the motivation; precisely when the system knows you are placing a bigger bet, it is when they will take your money because they know that’s the hook, getting you to win and increasing your bet level to take your money.

Many people put their life savings into these bets and lose everything.

They lose their salary, their annual income, and cannot pay for their family's living expenses, ending up bankrupt.


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Bing AI

The problem with all this is that I honestly believe it should be classified as illegal or, at the very least, there should be regulations so that all these betting houses are honest in their advertising.

I believe the issue lies in the advertising and how they present it as easy to win the grand prize and have a luxurious life.

Most casinos and betting houses offer prizes like Ferraris, or in commercials, you see people winning the prize and appearing with jewelry, Ferraris, women, and high-class living.

We all know they manipulate dreams and make people invest in these bets.

Therefore, I think the advertisements or commercials should be regulated so that governments or states ensure that people's lives are not ruined.

I truly support the control of this because many lives are ruined.

People can bet as much as they want, definitely, but I believe that the right to bet should not be taken away.

What should be regulated is the advertising and how it presents bets to people in a more transparent way, informing them of the probabilities of winning.

This way, people may have a clearer understanding of the percentage or chance of winning the prize, and it would be up to the individual to decide whether to bet or not, but with clearer information.

I think this is a more rational way to approach the issue of gambling.



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This is my black cat "manclar", this account is to honor his dead (it happened years ago).


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I believe the reason some people bet is because they believe they have the chance to make a fortune from the betting like you said, some betting house put exotic prize on the table and many people might not want to miss the chance to get those prize but they don't know the stake.

Yes, they generally believe that they will be able to suddenly get rich easily without trying, and that is completely false

The way and manner it is advertised makes it look so real and one will find it difficult to walk out of it when there is a continuous win that is why it is very Important not to even start at all

People need to educate themselves, surely if they had more critical thinking they would not believe in those promises of suddenly becoming rich.

But then, if people are purposely heading towards Thier own doom, should they still be allowed? People have sold houses, cars and even their children's future just because they want to win a bet. Shouldn't there be a place where the law steps in and says, "no mate, this is where you call it quits."
The law does it with drugs, and to an extent, even alcoholic drinks. I feel something can be done for gambling as well.

I believe that people should have the freedom to choose what to do with their money, I see the solution more in that the betting systems are honest and tell people the probability of winning that they have. With alcohol, the law forces us to say that it is harmful to health and that excessive consumption is bad. It could very well apply to gambling as well, right?

Here in Brazil, unfortunately we had many cases of illegal "bets" where influencers received a version with a higher win rate and motivated people to play and unfortunately they often lost money they didn't have.

That is very bad, in those cases those supposed "influencers" who all they do is deceive people should be regulated.

yes, they end up making people believe something that is impossible

Hi @manclar, it is very well explained one of the mechanisms of hooking to gambling games: the intermittent reinforcement. Another are advertising, others are of social and cultural origin, the models of “winner” and “success” are unattainable for most of humanity, and the games offer the illusion of offering a quick and easy way to reach the “summit”.

I agree with their regulation, and even go further, some of them should be banned.

Best regards @manclar.

Yes, I suppose that betting with wood, trees and plant matter should be prohibited, otherwise it would be the world's, right? 😂

Cheers mr. @enraizar

True, also games played with plant derivatives, such as card games. 🤣

Of course, books, paper, newspapers, all that should be prohibited, there is no need to sacrifice so many innocent lives.

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That is, ban everything made from vegetables and cats. That's my idea.

Well, I don't know what things will be made by cats, but the idea that they use cats to build things terrifies me, that should be prohibited and banned, so I support the cause!

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Unfortunately, financial education is left aside and many want quick money, which leads them to fall into addictions and hope to earn a lot of money after having none.

Yes, people always want easy money, when there is money they have to work hard to get it.

Betting is very dangerous, I have never liked it and I don't have a good feeling about it either. That mechanism you describe is done to hook people, it's a trap and the worst thing is when they become addicted. And even sadder when the person has family and children who depend on him or her and ends up dragging them to ruin... I do think it should be forbidden, it does not promote anything good. Good post @manclar, greetings 🤗.

Las apuestas son muy peligrosas, nunca me han gustado y tampoco me dan buena espina. Ese mecanismo que describes lo hacen para enganchar a la gente, es una trampa y lo peor es cuando se vuelven adictos. Y todavía más triste cuando la persona tiene familia e hijos que dependen de él o ella y los termina arrastrando a la ruina... yo sí creo que debería estar prohibido, no fomenta nada bueno. Buen post @manclar, saludos 🤗.

They are a vice, I know several friends here in hive who are addicted to that, and they spend large amounts...they have a wife and children and they don't care about that...I guess it doesn't really affect them. I believe that those who bet irresponsibly should be fined or sanctioned...so that they learn and correct their behavior.