Gambling: Australians seem to lose the most money


A reader sent me a report today about gambling:

February 5, 2014

The gambling industry around the world is huge, but the biggest market is the United States, where gamblers lost a staggering $119 billion in 2013…

Some gamblers believe they are lucky or special and will beat the odds and win — it is untrue for the overwhelming majority of players. Inexperienced gamblers (and investors) may fall victim to the Dunning-Kruger Effect — the tendency for unskilled individuals to overrate their skill and ability, and underrate the difficulty of the task at hand. They may also create narrative fallacies and rationalizations to justify their belief that they can beat the odds and win.
So that covers the behavior of many casual gamblers, but for problem bettors, the issue is often addiction.

The article showed a chart of gambling losses per adult by nation, the biggest losers were those in Australia.  Here is a listing of the nations whose people lost the most money per adult:

  1. Australia
  2. Singapore
  3. Finland
  4. New Zealand
  5. United States
  6. Italy
  7. Ireland
  8. Norway
  9. Canada
  10. Sweden
  11. Britain

The Australians lost over USD$1000 per adult in 2013, whereas the Brits lost just under $400 per adult.   It was interesting to note that the American and Anglo-Saxon nations had six of the eleven top biggest gambling losing nations in the world.

Since Australia was listed as first, I thought the following in the July-August 1983 edition of the old Plain Truth magazine would be of interest to some:

  Commenting about the state of the nation, Australian teacher, writer and critic Bill Broderick is quoted in Time, September 22, 1980, as saying of modern Australia, “God is dead. Only in sport, gambling and sex is there hope of salvation. Nothing can shake the country of this cynicism except some catastrophe on a national scale.”
In Hosea 5:14 God says, “For I will be unto Ephraim as a lion… I, even I, will tear and go away; I will take away, and NONE SHALL RESCUE HIM.”

Placing their confidence in gambling and not God is not new for many Australians, or others for that matter.

Many governments are looking at extending the legality of gambling.  I consider lotteries and similar programs as a tax on the poor.  I believe it often demotivates people to improve themselves financially and often gets people to be focused on getting something for nothing.

Some items of possibly related interest include:

Living as a Christian: How and Why? In what ways do Christians live differently than others. What about praying, fasting, tithing, holy days, and the world? There is also a YouTube video related to that also called: Living as a Christian: How and Why?
The Seven Laws of Success Herbert W. Armstrong had seven laws that he felt could help people become successful.
Christian Success Does the Bible teach that Christians are to be successful? Are there at least seven laws of success that Christians should follow? How does the Bible teach we are to become successfully spiritually? Does the Bible really teach that Christians should be successful physically? This video answers these questions and more from the Bible. An outline of some of the scriptures used is here: Christian Success Outline.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. A video of possible interest may be Will Will USA Spying Help the Beast Power?
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?

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