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Gambling machine

Posted on July 30th, 2011 by Le Kieu Hanh in Gambling

They are there for one game and one game only, and they play it again and again, trying to outdo their personal best. They often come in pairs or groups, all set on playing the same game, usually a traditional video arcade game. They cluster around the machine for hours, feeding in money and encouraging [...]

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Depressing number of gambers

Posted on July 27th, 2011 by Le Kieu Hanh in Gambling

A depressing number of gamblers have no margin for economic losses and little understanding for the probability of losses. During the 1970s there was an enormous increase in spending to advertise lotteries – lotteries in which more than 99.9 percent of all players are losers. Such advertising is apt to be especially effective, and cruel, [...]

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Legal gambling

Posted on July 26th, 2011 by Le Kieu Hanh in Gambling

Each year Americans legally wager billions of dollars. Stiffening resistance to taxes is encouraging states to seek revenues from gambling, and thus to encourage gambling. There are three rationalizations for this: State run gambling controls illegal gambling. Gambling is a painless way to raise revenues. Gambling is a “victimless” recreation, and thus is a matter [...]

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