Gambling Is Good For Society

This is the substitution effect, i.e., consumers substitute casino gambling for other consumption activities such as dining out or going to the movies. However, if casinos act as part of a 'tourist vacation,' where non-local visitors spend several days gambling, touring museums and dining out, then local retail sales would probably increase. Gambling is good for society bonuses from gambling is good for society many of the most popular online casinos out there. Almost all gambling companies offer new customer a first casino deposit bonus. These bonuses are handed out to new customers making a first deposit in the casino section. At some places you gambling is good for society can.

We have picked nine of our favorite gambling quotes and listed them below, along with some details about the people that made them and our take on what they mean. These quotes stand out for us as they either contain excellent advice or are great reflections of what gambling is all about.

“Quit while you’re ahead. All the best gamblers do.”

This is a quote from Baltasar Gracián y Morales, a 17th century philosopher. We like it because, several hundred years later, it remains one of the single best pieces of gambling advice. If you can learn to quit when you are ahead, then you have an excellent chance of being a successful gambler.

This is an Irish proverb which highlights one of the biggest mistakes a gambler can make: chasing losses. In the same way that you have to know when to quit when you are ahead, there’s also a time to cut your losses and quit.

“Money won is twice as sweet as money earned.”

For many gamblers, this quote neatly sums why they gamble. It’s not just about the money itself, it’s the joy of winning it. The quote was from the movie The Color of Money, said by the character Fast Eddie Felson – played by Paul Newman.

“I’ve learned the lesson that the worst thing that can happen to a gambler is to let his recent losses or wins knock him off keel emotionally.”

Andrew Beyer highlighted one of the biggest failings of gamblers in this quote: letting emotions cloud judgment. Beyer was an expert on horse racing betting, writing four books on the subject. He also designed the Beyer Speed Figure, a system for rating Thoroughbred racehorses.

The origins of this proverb aren’t entirely clear. It’s a simple statement but entirely true. If a horse you have bet on wins, you’ll always wish you had bet more on it. The premise applies to any form of gambling.

“Once you start thinking you have nothing left to learn, you have everything to learn.”

Really, this quote could apply to life in general. It was actually made in the context of poker, by Steve Badger. Badger owned one of the first, and best, websites dedicated to educating poker players. In this quote he’s pointing out that if you think you know it all you are sadly mistaken.

“Gambling is not about how well you play the games, it’s really about how well you handle your money.”

This is from poker player V. P. Pappy. We could pick a number of quotes from him as he’s made several great ones, but this is probably our favorite in terms of the advice it contains. He is making the excellent point that good money management is absolutely essential to successful gambling.

“At gambling, the deadly sin is to mistake bad play for bad luck.”

This quote is from the James Bond book (and movie) Casino Royale, written by Ian Fleming. It emphasizes a mistake that many gamblers make: blaming bad luck instead of trying to work if they made a bad play or bet.

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“There is a very easy way to return from a casino with a small fortune; go there with a large one.”

Is Gambling Good Or Bad For Society

Something of a tongue in cheek quote this one, from Jack Yelton. He is essentially highlighting the fact that you are likely to lose money playing casino games. He’s right of course; the house does have an edge over the long term.

Reasons Why Gambling Is Good

That doesn’t mean that casino games should be avoided at all costs, as they are great fun and it’s possible to win money if you get lucky. It’s just important to recognize that the odds are ultimately against you.