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What is gambling and
what are the risks involved:
Gambling is defined in
many different ways depending on the cultural and
historical context in which it is used. It generally has
an economic definition and meaning and typically refers
to- wagering money or something that has some economical
value with a not certain outcome puts forth that money
in hope of winning some additional money or material
goods. Gambling is any behavior that involves risk of
money or valuables on the outcome of a game in which the
outcome of that activity depends partially or totally
upon his luck or upon his ability to do something. There
is a severe risk of losing money involved in the
gambling and also there is a risk of getting addicted to
the gambling. These two risks are the most common risks
besides some adverse side effect on health and mind.
What are the various
types of gambling?
As it is stated that there
are various risk in the gambling. But also these risks
have a variation in degree. The risk involved in
gambling is again classified into two categories that
are high risk and low risk gambling: the Low risk
gambling is done socially with family, friends, or
colleagues, but not alone. Recreational benefits are
found in the excitement of taking a chance, the thrill
of winning, and the fun of being with friends while
gambling. Rarely is the benefit a financial gain. The
second degree of the risk gambling is the high risk
gambling. The signs of high risk gambling are borrowing
money to gamble, betting beyond one's limit, when it is
done to relieve stress, loneliness, anger, or depression
or when it is done to impress others are the general
symptoms of high risk gambling.
What is the conclusion?
There is a lot of risk involved in the gambling, and the
reason why the people take these risks is just because
there is a lot of money involved in the gambling. People
taking the risk of gambling that the gambling could lea
to various psychological disorders including the risk
addiction and also if you lose, you could find yourself
in the financial crises. There are also the cases of
family break up and other family problems are more
common in gamblers. It is better to play safe and low
risk gambling.
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