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Slide 4 The Negative Effects of Gambling on the Economy Addiction and social problems Gambling addiction can lead to personal and societal costs.
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It might be the final hand in a poker tournament, the last spin of the roulette wheel, or the heartstopping conclusion of a highstakes sports bet.
They set strict limits on their spending, refusing to chase losses or overextend themselves.
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This chart highlights the key differences Feature Investment Gambling Goal Longterm growth and wealth creation Shortterm profit or entertainment Risk Calculated and controlled High and unpredictable Strategy Based on research, analysis, and diversification Based on luck, chance, and intuition Outcome Potential for consistent returns over time High chance of losses, potential for quick gains Control You control your investment decisions You have little control over the outcome Time Horizon Longterm years Shortterm minutes, hours, days Knowledge and Skills Requires financial knowledge and skills Requires knowledge of the specific game or bet Example Buying stocks, bonds, or real estate Playing poker, betting on horse races, or buying lottery tickets In essence, investment is a strategic approach to growing wealth over time, while gambling is a form of entertainment based on chance.
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And the spiritual cost of this relentless pursuit of fortune can be immeasurable.
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