5 Ways You Might be Gambling Without Even Realizing

It’s easy to imagine at least 5 ways you’re gambling and didn’t even realize it. Many people like to joke about the fact that life is a gamble. However, this is something that they do not always take seriously, and they will not always explore the implications of it.

They certainly will not always take into account the fact that they are probably gambling with their money all the time. People certainly gamble outside of the context of Royal Vegas online casino games. Understanding the manner in which people gamble on a regular basis can help give people something of a perspective on gambling in general.

For one thing, people who buy warranties are technically gambling. They are spending money based on the idea that this is going to help them save money down the line. However, the warranty might turn out to be completely useless. In fact, statistically speaking, this is the case. People often technically waste money on their warranties. However, warranties have helped people save money in the past, and so people continue to buy them and gamble on them.

A less straightforward example of gambling involves procrastinating on repairs. People who put off getting something fixed are taking the chance that they are going to run into a much more costly disaster down the line, and this is truly something of a risky gamble to take.

One of the most extreme examples of gambling involves educational debt. People are often assuming that their degrees are going to get them lucrative enough jobs that they can be prepared to take on a lot of educational debt in the meantime. In a world where the job market is uncertain, this can be an increasingly risky gamble. People tend to gamble a lot of money on their degrees, and the level of student loan debt keeps on increasing all the time.

An unpaid internship can be something of a gamble, and it is one that more and more people are taking in the hopes of getting a paying job at some point. These unpaid internships will allow people to gain experience, but they will often have to find a supplementary source of income elsewhere in order to support themselves. Other people will go into more debt in order to gamble on a potential job that they might have in the future as a result of their unpaid internship. For a lot of people, this constitutes a serious gamble.

Buying a car can sometimes be a gamble. People never know how a given car is going to perform, no matter how many times they try to research the different vehicles that are on the market today. Cars are expensive, and people often purchase new cars in order to get out of making a long series of repairs on their older cars. Buying the new car instead can be something of a gamble, especially since it might need a lot of work as well, despite what people might predict. Many financial decisions have a strong element of risk involved, making them closely resemble bets.

Featured image via Pexels

9 COMMENTS

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