Talk Elections

General Politics => Political Debate => Topic started by: nclib on July 14, 2004, 11:20:26 PM



Title: Gambling
Post by: nclib on July 14, 2004, 11:20:26 PM
I'd have to say yes, though I am a bit concerned about its' impact on the poor.

I would definitely oppose the idea that gambling should be illegal based on moral reasons.

I was just wondering how much of a partisan correlation there would be.


Title: Re:Gambling
Post by: John Dibble on July 14, 2004, 11:29:09 PM
I support people's right to make their own bad decisions.


Title: Re:Gambling
Post by: ijohn57s on July 14, 2004, 11:52:17 PM
It can also raise crime rates, though.


Title: Re:Gambling
Post by: Josh/Devilman88 on July 14, 2004, 11:55:27 PM
sNOOO


Title: Re:Gambling
Post by: The Duke on July 15, 2004, 12:46:32 AM
Yes---in Nevada.


Title: Re:Gambling
Post by: ?????????? on July 15, 2004, 01:02:19 AM
Yes because if a state wants to go ahead and make that mistake then let them have it.


Title: Re:Gambling
Post by: John Dibble on July 15, 2004, 07:00:54 AM

That's true, but I think proper zoning could help keep increases minimal.


Title: Re:Gambling
Post by: True Federalist (진정한 연방 주의자) on July 15, 2004, 03:51:58 PM
I would want "truth-in-gambling" laws requiring the posting in a conspicuous and consistent manner of the house advantage.  I.e., "The house earns 23c of every $1 dollar bet on average." but otherwise, if people want to gamble let them, so long as it is regulated and taxed in a manner consistent with good governence.


Title: Re:Gambling
Post by: Beefalow and the Consumer on July 15, 2004, 03:59:38 PM
I would want "truth-in-gambling" laws requiring the posting in a conspicuous and consistent manner of the house advantage.  I.e., "The house earns 23c of every $1 dollar bet on average."

Why?  If payout sucks at Casino A, and is good at Casino B, won't the market correct this on its own?


Title: Re:Gambling
Post by: ilikeverin on July 15, 2004, 04:19:46 PM
I would want "truth-in-gambling" laws requiring the posting in a conspicuous and consistent manner of the house advantage.  I.e., "The house earns 23c of every $1 dollar bet on average." but otherwise, if people want to gamble let them, so long as it is regulated and taxed in a manner consistent with good governence.

What he said.


Title: Re:Gambling
Post by: AuH2O on July 15, 2004, 04:51:44 PM
Gambling is sweet...


Title: Re:Gambling
Post by: Nym90 on July 15, 2004, 04:54:23 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.


Title: Re:Gambling
Post by: AuH2O on July 15, 2004, 04:56:11 PM
Wrong.

Poker and sports my man.


Title: Re:Gambling
Post by: Nym90 on July 15, 2004, 04:56:59 PM
Well, that's true, if you wager with friends on these things, then you have, all else being equal, a 50% chance of victory. I was talking about going to a casino. Friendly gambling with another person gives you even odds.


Title: Re:Gambling
Post by: ATFFL on July 15, 2004, 05:10:27 PM
Blackjack is the way to go to make money.  Get a good team together and let teh big numbers carry you away to profitability.


Title: Re:Gambling
Post by: John Dibble on July 15, 2004, 05:58:13 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.


Title: Re:Gambling
Post by: Nym90 on July 15, 2004, 06:21:11 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.

Well, that's true, it is possible to win. Not EVERYONE is guaranteed to lose, but obviously most people do, or else casinos would go out of business.


Title: Re:Gambling
Post by: cwelsch on July 15, 2004, 06:37:55 PM
Don't gamble for money, it's a distraction, it's fun.  Like seeing a movie or going to an arcade.


Title: Re:Gambling
Post by: PBrunsel on July 15, 2004, 07:34:35 PM
Yes


Title: Re:Gambling
Post by: © tweed on July 15, 2004, 08:33:40 PM
Yes!

Football is so easy to bet on!


Title: Re:Gambling
Post by: Fmr. Gov. NickG on July 16, 2004, 04:17:15 PM
So far, I'm the only Dem to vote no.  

Actually, I don't really oppose gambling small amounts of money for a small potential pay-off.  I'm a fan of poker, both playing with friends and on TV.  

What I really hate are state-sponsored lotteries that are effectively regressive taxes...they encourage the poor to spend money they would be much better off saving in the hopes of a virtually non-existant million-dollar payday.  The government should not be taking advantage of people's desperation, and should not fund itself on the backs of the poor.

And even those few people who win the lottery don't in any way deserve it.  If society is going to allow a select few to become ridiculously wealthy, those people should at least have to work hard to earn their wealth.

I mean, if an elected official proposed a bill that said "let's take a couple million dollars out of our budget and give to a random single person for no reason,' who would be in favor of that?



Title: Re:Gambling
Post by: True Federalist (진정한 연방 주의자) on July 16, 2004, 06:54:07 PM
I would want "truth-in-gambling" laws requiring the posting in a conspicuous and consistent manner of the house advantage.  I.e., "The house earns 23c of every $1 dollar bet on average."

Why?  If payout sucks at Casino A, and is good at Casino B, won't the market correct this on its own?


Because a lot of people stink at math and either can't figure out the expected results or don't bother.  Truth-in-gambling would allow for people to make their own decisions and it is a lot easier for the house to calculate the odds once than having each player calculate the odds for himself.


Title: Re:Gambling
Post by: Bono on July 17, 2004, 08:25:49 AM
I would want "truth-in-gambling" laws requiring the posting in a conspicuous and consistent manner of the house advantage.  I.e., "The house earns 23c of every $1 dollar bet on average."

Why?  If payout sucks at Casino A, and is good at Casino B, won't the market correct this on its own?


Because a lot of people stink at math and either can't figure out the expected results or don't bother.  Truth-in-gambling would allow for people to make their own decisions and it is a lot easier for the house to calculate the odds once than having each player calculate the odds for himself.

I'm sorry, but isn't that subsidizing stupidity?
Besides, that would raise the costs to the casion, so the odds would lower even more.


Title: Re:Gambling
Post by: Bono on July 17, 2004, 08:28:28 AM
But I think gambling should be legal yes. Everywhere whereit has been legalized it has largely benefited the economy. Las Vegas and Atlantic City are there for you to see for yourselves.
And yes, it it possibly to consistently win, you just have to know how to bet, and know the tricks. The reon most(I think 90%) of he people loose is because they are too stupid to bother to learn it.


Title: Re:Gambling
Post by: Bleeding heart conservative, HTMLdon on July 17, 2004, 08:29:18 AM
Rep/yes.   Though I would place restrictions on where casinos could be located, I strongly support peoples' right to be stupid!


Title: Re:Gambling
Post by: ?????????? on July 17, 2004, 11:53:18 AM
But I think gambling should be legal yes. Everywhere whereit has been legalized it has largely benefited the economy. Las Vegas and Atlantic City are there for you to see for yourselves.
And yes, it it possibly to consistently win, you just have to know how to bet, and know the tricks. The reon most(I think 90%) of he people loose is because they are too stupid to bother to learn it.

Go outside the casinos in A.City. That towns a dump.


Title: Re:Gambling
Post by: Bono on July 17, 2004, 11:57:44 AM
But I think gambling should be legal yes. Everywhere whereit has been legalized it has largely benefited the economy. Las Vegas and Atlantic City are there for you to see for yourselves.
And yes, it it possibly to consistently win, you just have to know how to bet, and know the tricks. The reon most(I think 90%) of he people loose is because they are too stupid to bother to learn it.

Go outside the casinos in A.City. That towns a dump.

It's in New Jersey, what would you expect? Still, it's way much better than it was before the legalization of gambling.


Title: Re:Gambling
Post by: minionofmidas on July 17, 2004, 12:00:28 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.
There are people who play Poker for money. If you know the best way to play and find people who don't and are willing to play you for largish sums, you'll usually gain money. There is a risk of losing, but if that qualifies as gambling then so does any business venture.


Title: Re:Gambling
Post by: John Dibble on July 17, 2004, 12:12:02 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.
There are people who play Poker for money. If you know the best way to play and find people who don't and are willing to play you for largish sums, you'll usually gain money. There is a risk of losing, but if that qualifies as gambling then so does any business venture.

Exactly - life is all about gambling. Every time you decide to do one thing rather than another, you are taking a chance that you will make more(in money, enjoyment, or other form of gain) than you would by making a different decision. If you never take chances, you'll never get anywhere - but you can often make more by gauging the odds wisely.


Title: Re:Gambling
Post by: ?????????? on July 17, 2004, 12:14:28 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.
There are people who play Poker for money. If you know the best way to play and find people who don't and are willing to play you for largish sums, you'll usually gain money. There is a risk of losing, but if that qualifies as gambling then so does any business venture.

Exactly - life is all about gambling. Every time you decide to do one thing rather than another, you are taking a chance that you will make more(in money, enjoyment, or other form of gain) than you would by making a different decision. If you never take chances, you'll never get anywhere - but you can often make more by gauging the odds wisely.

The stock market is a gamble.


Title: Re:Gambling
Post by: Bono on July 17, 2004, 12:24:16 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.
There are people who play Poker for money. If you know the best way to play and find people who don't and are willing to play you for largish sums, you'll usually gain money. There is a risk of losing, but if that qualifies as gambling then so does any business venture.

Exactly - life is all about gambling. Every time you decide to do one thing rather than another, you are taking a chance that you will make more(in money, enjoyment, or other form of gain) than you would by making a different decision. If you never take chances, you'll never get anywhere - but you can often make more by gauging the odds wisely.

The stock market is a gamble.

No it's not. That is just one of the stupid miths that have been formed around the stock market, and promoted by Wall Street so that the people think they can't make money and terefor trust the Brokers with what to do with their savings. Stock market is not gambling since you are creating wealth, as oposite to gambling, where nothing is created, and because in the long term the stocks' tendency is to go nowhere but up.


Title: Re:Gambling
Post by: minionofmidas on July 17, 2004, 12:47:02 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.
There are people who play Poker for money. If you know the best way to play and find people who don't and are willing to play you for largish sums, you'll usually gain money. There is a risk of losing, but if that qualifies as gambling then so does any business venture.

Exactly - life is all about gambling. Every time you decide to do one thing rather than another, you are taking a chance that you will make more(in money, enjoyment, or other form of gain) than you would by making a different decision. If you never take chances, you'll never get anywhere - but you can often make more by gauging the odds wisely.

The stock market is a gamble.

No it's not. That is just one of the stupid miths that have been formed around the stock market, and promoted by Wall Street so that the people think they can't make money and terefor trust the Brokers with what to do with their savings. Stock market is not gambling since you are creating wealth, as oposite to gambling, where nothing is created, and because in the long term the stocks' tendency is to go nowhere but up.
...at inflation levels.


Title: Re:Gambling
Post by: Bono on July 17, 2004, 12:58:02 PM
Option 1, though anyone who gambles as a way of making money is a fool.

If you just simply enjoy gambling, that's fine, but in the long run you are guaranteed to lose money.

Not true. Believe it or not, there's people who gamble for a living(though they are a rarity). These people are pros too, they know how to gamble and win consistently. Also, even infrequent gamblers can make money in the long run if they know how. So, while possible to lose money in the long run, it's no gaurantee.
There are people who play Poker for money. If you know the best way to play and find people who don't and are willing to play you for largish sums, you'll usually gain money. There is a risk of losing, but if that qualifies as gambling then so does any business venture.

Exactly - life is all about gambling. Every time you decide to do one thing rather than another, you are taking a chance that you will make more(in money, enjoyment, or other form of gain) than you would by making a different decision. If you never take chances, you'll never get anywhere - but you can often make more by gauging the odds wisely.

The stock market is a gamble.

No it's not. That is just one of the stupid miths that have been formed around the stock market, and promoted by Wall Street so that the people think they can't make money and terefor trust the Brokers with what to do with their savings. Stock market is not gambling since you are creating wealth, as oposite to gambling, where nothing is created, and because in the long term the stocks' tendency is to go nowhere but up.
...at inflation levels.

In the last 40 years, S&P 500 medium return was arpund 10% a year. Medium inflation for that period is nothing near it.


Title: Re:Gambling
Post by: John Dibble on July 17, 2004, 01:08:57 PM
The stock market is a gamble - but like any gamble a good gambler will profit from it. If you just willy nilly invest in random companies, you will likely fail, but if you look at companies carefully before you invest in them you will likely make a profit.


Title: Re:Gambling
Post by: Nation on July 17, 2004, 02:22:01 PM
As a poker player, I support most gambling endeavors -- however, most people are too stupid to be responsible about it, unfortunatley.


Title: Re:Gambling
Post by: CARLHAYDEN on July 22, 2004, 01:22:59 AM

Agreed.

An if you know the key and only bet on those games your system indicates, you can win a little more than you lose.

I did this for a year when I had cheap access to Vegas.

Won 56.8% of the time.  Paid for the trips to Vegas.



Title: Re:Gambling
Post by: MarkDel on July 22, 2004, 01:32:19 AM
Carl,

You don't need to go to Vegas to place a bet on a Football game....LOL

As for the overall issue...OF COURSE Gambling should be legal everywhere in virtually every form. It's no different than Day Trading on the Stock Market or playing the Lottery.