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	<title>Comments on: 5 Minutes With&#8230; Tan Kin Lian on gambling</title>
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	<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/</link>
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		<title>By: Tan Kin Lian</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12800</link>
		<dc:creator>Tan Kin Lian</dc:creator>
		<pubDate>Thu, 26 Jun 2008 09:31:28 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12800</guid>
		<description>According to the definition from Wikipedia, any game of chance with the hope of making money is a &quot;gamble&quot;. So, 4D and Toto are considered as &quot;gambling&quot;.

In our society, &quot;gambling&quot; is considered to be bad, and should be avoided.

I wish to state that &quot;gambling&quot; in a small way, is actually fun and entertainment. It is only when &quot;gambling&quot; is done in a big way, using borrowed money or taking away money that should be spent to feed a family, that &quot;gambling&quot; becomes bad.

We can either change the definition of gambling, or change the perception that all types of gambling is bad.</description>
		<content:encoded><![CDATA[<p>According to the definition from Wikipedia, any game of chance with the hope of making money is a &#8220;gamble&#8221;. So, 4D and Toto are considered as &#8220;gambling&#8221;.</p>
<p>In our society, &#8220;gambling&#8221; is considered to be bad, and should be avoided.</p>
<p>I wish to state that &#8220;gambling&#8221; in a small way, is actually fun and entertainment. It is only when &#8220;gambling&#8221; is done in a big way, using borrowed money or taking away money that should be spent to feed a family, that &#8220;gambling&#8221; becomes bad.</p>
<p>We can either change the definition of gambling, or change the perception that all types of gambling is bad.</p>
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		<title>By: lim</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12613</link>
		<dc:creator>lim</dc:creator>
		<pubDate>Wed, 25 Jun 2008 09:59:10 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12613</guid>
		<description>L, you have understood my point exactly.

Even in life, the decision to cheong esp when the traffic light is red is a gamble. Recently a 16 year old kid got knocked down by an IRAS officer just for making this decision and lost his life for it. I call it dumb (but doesn&#039;t mean I&#039;m not sympathetic). 

On the question of &quot;deserve&quot;, I was talking about money. You may equate that with life but I don&#039;t. Money is not equal to life. Even in human rights, everyone has a right to life but not to money.

For myself, I would prefer to look around first at a traffic crossing, get into that habit of doing that so that it becomes instinctive rather than saving a few seconds.

Ultimately, it is a personal decision which is what I&#039;m trying to say.</description>
		<content:encoded><![CDATA[<p>L, you have understood my point exactly.</p>
<p>Even in life, the decision to cheong esp when the traffic light is red is a gamble. Recently a 16 year old kid got knocked down by an IRAS officer just for making this decision and lost his life for it. I call it dumb (but doesn&#8217;t mean I&#8217;m not sympathetic). </p>
<p>On the question of &#8220;deserve&#8221;, I was talking about money. You may equate that with life but I don&#8217;t. Money is not equal to life. Even in human rights, everyone has a right to life but not to money.</p>
<p>For myself, I would prefer to look around first at a traffic crossing, get into that habit of doing that so that it becomes instinctive rather than saving a few seconds.</p>
<p>Ultimately, it is a personal decision which is what I&#8217;m trying to say.</p>
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		<title>By: L</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12602</link>
		<dc:creator>L</dc:creator>
		<pubDate>Wed, 25 Jun 2008 08:39:02 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12602</guid>
		<description>eh Lim,

life is also a gambling everyday leh. When u make a decision to cross a road, or decide to swallow food down your throat, you are taking a risk of being knocked down or choke to death.

Thats means, if you are dumb/weak enough to gamble away your life, then you dont really deserve life? Haha...

Please la, its the choice of the people. Who are you to say that....</description>
		<content:encoded><![CDATA[<p>eh Lim,</p>
<p>life is also a gambling everyday leh. When u make a decision to cross a road, or decide to swallow food down your throat, you are taking a risk of being knocked down or choke to death.</p>
<p>Thats means, if you are dumb/weak enough to gamble away your life, then you dont really deserve life? Haha&#8230;</p>
<p>Please la, its the choice of the people. Who are you to say that&#8230;.</p>
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		<title>By: lim</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12586</link>
		<dc:creator>lim</dc:creator>
		<pubDate>Wed, 25 Jun 2008 06:57:32 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12586</guid>
		<description>I think gambling (like investment) is a personal choice. If one is dumb/weak enough to gamble away his/her money, then that person doesn&#039;t really deserve that money.</description>
		<content:encoded><![CDATA[<p>I think gambling (like investment) is a personal choice. If one is dumb/weak enough to gamble away his/her money, then that person doesn&#8217;t really deserve that money.</p>
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		<title>By: PC</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12523</link>
		<dc:creator>PC</dc:creator>
		<pubDate>Wed, 25 Jun 2008 01:36:38 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12523</guid>
		<description>Everyone has their own defination on grambling, investment etc. One has to educate themself on the limits. Like never put all eggs in one basket.. Grambling is just pure luck. Event there is 0.001 % does not mena you will get it. Investment also has different level of risk.</description>
		<content:encoded><![CDATA[<p>Everyone has their own defination on grambling, investment etc. One has to educate themself on the limits. Like never put all eggs in one basket.. Grambling is just pure luck. Event there is 0.001 % does not mena you will get it. Investment also has different level of risk.</p>
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		<title>By: Tan Kin Lian</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12506</link>
		<dc:creator>Tan Kin Lian</dc:creator>
		<pubDate>Tue, 24 Jun 2008 22:39:24 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12506</guid>
		<description>The low income people are being exploited by businesses. They have to pay a higher price and are given a lower level of service. They have to pay high interest rate on loans.

They cannot afford the expensive ways of enjoying life, such as going on holidays or lavish parties. 

So, they find their enjoyment in 4D and Toto. It can be hope, but it is also excitement and fun.

It can also be fun to save for the future, if the saver is able to get a good rate of interest and a good deal. Unfortunately, interest rate is too low and the charges by the bank and insurance companies are too high.</description>
		<content:encoded><![CDATA[<p>The low income people are being exploited by businesses. They have to pay a higher price and are given a lower level of service. They have to pay high interest rate on loans.</p>
<p>They cannot afford the expensive ways of enjoying life, such as going on holidays or lavish parties. </p>
<p>So, they find their enjoyment in 4D and Toto. It can be hope, but it is also excitement and fun.</p>
<p>It can also be fun to save for the future, if the saver is able to get a good rate of interest and a good deal. Unfortunately, interest rate is too low and the charges by the bank and insurance companies are too high.</p>
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		<title>By: James</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12503</link>
		<dc:creator>James</dc:creator>
		<pubDate>Tue, 24 Jun 2008 20:50:30 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12503</guid>
		<description>To be more accurate, gambling e.g. walking into a casino can only mean that one has no idea of how a game has been played in the sense of price history. There is no way for it to happen i.e. no price data history, from which to speculate. So there is no chance for homework, no thinking allowed beforehand. The person is being led or misled, depending on the situation and the environment.</description>
		<content:encoded><![CDATA[<p>To be more accurate, gambling e.g. walking into a casino can only mean that one has no idea of how a game has been played in the sense of price history. There is no way for it to happen i.e. no price data history, from which to speculate. So there is no chance for homework, no thinking allowed beforehand. The person is being led or misled, depending on the situation and the environment.</p>
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		<title>By: James</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12502</link>
		<dc:creator>James</dc:creator>
		<pubDate>Tue, 24 Jun 2008 20:47:41 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12502</guid>
		<description>Gambling in its very essence is a high risk bet because there is little basis and the odds against winning are high. Persisting only makes it worse. As often said, casinos are the house and the house always winds.

In contrast, investing or speculation (in the literal sense of observation, study and making low risk bet) would be something people should be encouraged to go into.  This would be a little bit like forecasting.

Of course, this does not have to involve $$$ technically speaking. Playing a good game of mahjong or bridge etc w/o risky monetary exposure.</description>
		<content:encoded><![CDATA[<p>Gambling in its very essence is a high risk bet because there is little basis and the odds against winning are high. Persisting only makes it worse. As often said, casinos are the house and the house always winds.</p>
<p>In contrast, investing or speculation (in the literal sense of observation, study and making low risk bet) would be something people should be encouraged to go into.  This would be a little bit like forecasting.</p>
<p>Of course, this does not have to involve $$$ technically speaking. Playing a good game of mahjong or bridge etc w/o risky monetary exposure.</p>
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		<title>By: JustMe</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12475</link>
		<dc:creator>JustMe</dc:creator>
		<pubDate>Tue, 24 Jun 2008 14:56:38 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12475</guid>
		<description>If you buy, there is hope (however slim, but there is still hope).

If you don&#039;t buy, there is totally no chance of winning.

Still, the odds are heavily stacked against the gambler.</description>
		<content:encoded><![CDATA[<p>If you buy, there is hope (however slim, but there is still hope).</p>
<p>If you don&#8217;t buy, there is totally no chance of winning.</p>
<p>Still, the odds are heavily stacked against the gambler.</p>
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		<title>By: nhyone</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12469</link>
		<dc:creator>nhyone</dc:creator>
		<pubDate>Tue, 24 Jun 2008 14:39:52 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12469</guid>
		<description>I don&#039;t agree that people buy Toto and 4D for fun. They are buying hope.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t agree that people buy Toto and 4D for fun. They are buying hope.</p>
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		<title>By: Tan Kin Lian</title>
		<link>http://theonlinecitizen.com/2008/06/5-minutes-with-tan-kin-lian-on-gambling/comment-page-1/#comment-12454</link>
		<dc:creator>Tan Kin Lian</dc:creator>
		<pubDate>Tue, 24 Jun 2008 12:36:46 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=888#comment-12454</guid>
		<description>Here is a definition of gambling in Wikipedia.

Gambling has a specific economic definition, referring to wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period of time.

The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a “gaming” company offers (legal) “gambling” activities to the public. (This distinction is not universally observed in the English-speaking world, however. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission.)</description>
		<content:encoded><![CDATA[<p>Here is a definition of gambling in Wikipedia.</p>
<p>Gambling has a specific economic definition, referring to wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period of time.</p>
<p>The term gaming in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a “gaming” company offers (legal) “gambling” activities to the public. (This distinction is not universally observed in the English-speaking world, however. For instance, in the UK, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission.)</p>
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