You've listed the main disadvantages of betting. It truly can make someone rich overnight but luck is not something one should always hope for. I am not seeing any possibility of bet being legalised in this country o😂
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It is never been legalized but our government and people are encouraging it, people do not care about the consequences but go after the quick money leaving them depressed at the end when their expectations are not met.
They can meet many if those exoectations. Luck should come by itself not them trying to pull it to themselves.