Is it ever good to gamble?

There has been much discussion on the pros and cons of gambling, usually ending in the opinion that it is a bad habit. We all know that in extreme cases gambling can lead to debt, addiction, ruined lives and broken homes, but a lot of people don’t realise it could actually work the other way around too. Are we blaming the bad fortune of a few individuals on the gambling world as a whole? After all, who hasn’t gambled at some point in their lives, whether they’ve entered a casino or bookies with the purpose of placing a bet, played the occasional quick game of online poker or simply bought a scratch card or lottery ticket?

Because gambling in all its forms is everywhere, and regardless of whether it’s what we want, it’s becoming a way of life. Not just the ready availability of the lottery and Party Poker but even the smallest, most normal things like crossing the road or trying a new flavour of crisps are a gamble, not to mention the risks we all take in business or on the property market. Actually the qualities of a successful gambler are not so far from those that we use to make the most important decisions in life, such as choosing a new house or a school for our children. We couldn’t possibly know everything, but by assessing the situation and using the information we do have we make the most educated choice we can.

There are many different kinds of gambling, and it doesn’t always have to be purely about luck. You might not need any particular skills to play the lottery, but if you want to win at a game of PKR Poker or place a winning bet on the horses then the more knowledge and experience you have the more money you will make. And with the right attitude and the right skills anyone can become a successful gambler without getting sucked in. Not everyone who gambles ends up bankrupt, those are just the ones we hear most about – the important thing is never to bet more than you can afford to lose. Stick to that simple rule and you could make a nice bit of extra cash gambling, learn loads and have a great time while you’re at it.