Yep,
We love to gamble,
and the biggest gamble of all
still waiting for final results ......

My son said it best - from a 13 y/o

"Ladbrokes? More like broke lads....."

Rails said..

Macroscien said..
Yep,
We love to gamble,
and the biggest gamble of all
still waiting for final results ......

Not really a loss, more a wealth transference- essentially a corporate tax on stupidity

Beside .
Since you are suggesting that is tax on stupidity,
doesn't that statistics point who is the dumbest nation on the planet?

Or maybe we understand life is short and finite and why not have a crack? Or maybe there are a number of us who enough free income to splash about on a punt here and there as we are more optimistic as well about future income potential.
Just seeing more gambling per capita as a stat and assuming we are all experiencing the horrible consequences of over gambling is just that, an assumption.


Be a better stat (if possible) to somehow measure the opportunity cost / loss per capita maybe.

there's no pokies in the pubs in w.a
but there is tab
always used to watch on as guys lay out hundreds of dollars on horses and dogs
now
the gambling is an app on their phones and they don't even have to move from their seat to lose hundreds of dollars

To be fair gaming on phones could be spending money anywhere overseas. Gaming machines pay for some of the nicest pubs and RSLs in NSW.

I'll bet you're right!

Pitbull said..
I'll bet you're right!

Hmm
$50 says he's not