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This breach of trust can lead to a cascade of negative consequences, from financial instability to emotional turmoil and fractured relationships.
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While there are elements of uncertainty and potential for loss, the use of risk management techniques, skillbased analysis, and a longterm perspective differentiate it from purely chancebased gambling.
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This means that the higher your overall income, the higher the tax rate on your gambling winnings.
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If a game is played for enjoyment and does not involve any financial stake or wager, it is generally considered permissible.
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Emotional component Both can be driven by emotions like greed, fear, and excitement, leading to impulsive decisions.
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