INTRODUCTION
Gambling have been legalized in many nations as one of the main source of revenue for the better infrastructural and fundamental development of their economy. It plays a vital role in several hospitality institutions as many bars and hotels have casinos and game house where people tried their luck for money.
Over the years, many other forms of gambling are developed and fun games are incorporated as a means of making money based on luck, not on any economic indices. Many people are lured into playing them with false hope of getting richer but keeping losing at all cost.
Various Government of the Land keep deaf ear over gambling and it's industry because their proprietors and owners are big supporters and party members whose money funded their parties and election. In Nigeria, it's a usual scene as they have become powerful financially and successful so they get become politically to more leverage and security for their business and finances. In one region, one family is known for their lotto business which their grand father have successfully operated. Now they have improved the process and get politically like marriage alliance and romance with known politicians. Even some members of the family contests for political power.
As a good means of revenue generation and development. Rather than limiting it, they are regulated with several rules to become more fair and professional business entities. Rules like children under 18 years are prohibited to play and prompt payment of winnings are enacted for better and regulated platform. They obtain licenses and permits from government to operate and such permits are renewable. One governor of Nigerian state frowned at the enterprise and banned it partially. His reason is simple, how can one business entity obtain license and incorporated in one region of the country but spread to other part for legal business. He wanted his government's cut of the cake and when they respond favorably by paying handsomely, it was lifted over time.
With the false hope of becoming jackpot winners, many people openly and secretly get hooked on gambling spree and even become addicted. They believed firmly that they will win and hear wonderful stories of lucky winners. Although some people usually win as they are used as a means for advertising with many pictures and stories headlined many news portals, as a marketing strategy which is very effective, many people get hooked and suffer financial losses while trying to be wealthy like the winners, their role model.
It's undoubtedly that a gambler must win and lose some. Before their winning which is very often and unrealistic, many have lost a lot of money while persecuting their hobbies. Many people have calculated their spending and winning over some time but become disappointed and sad for spending huge amount of money and time but receiving little back.
They become happy for their winning. Winning have pleasant emotional feelings. Even many spend more more on drinks and pleasantries with friends for their winning. Stories of people whose spend more money than their actual amount of money won are many and common. Some jackpot winners become more poorer because they spend more money to win games and lavish large percentage.
Emotionally, it's impact are very devastating as many gamblers become addicted. Sadness and grief follows every lost even if it's little amount of money. As the prize to be won become their target, it pains a lot when it fail as usual. Many people become suicidal when they suffer huge losses. For instance, a young man take his life recently when his bet loss. His debt increased and he become depressed to kill himself for such loss.
Financially, they become debtors because they spend more then they earned. With huge hope of more winning, they played more and scout for more money. They become debtors for their harmful hobbies as they regularly get hooked for more winnings. Many of them, gamble addicts even view their games as investment and happily called themselves "investors" and look intently on their coupons as their financial messiah that will lift them from poverty to be wealthy. Truly, it's an investment based on false hope with unrealistic endings.
Finally
Gambling have come to stay and many other forms will evolve with time but it's mode of operation and hopes are still the same. They have failed many and reject them in huge debt. Many have suffered a lot from such hobbies as they viewed it and others never forgive themselves for becoming a failure as their hopes becomes false and unrealistic. Better to run from it and block those gamblers and addicts as friends to stay free from the long hands of gamble.