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The credit crunch is eating away companies all over the place. Although the gambling industry are not really feeling the heat yet, the financial crisis looks set to catch up with them. So lets take a quick glance at why the gambling industry will end up suffering in the long run.

1) Loss of earnings - People are losing their jobs as companies all over the world go into liquidation, these people will be looking to save every penny that they earn so they can feed their families and themselves
2) Afraid of Risk - Most gambling addicts are not too afraid of losing cash, as they know at the end of the month they will be paid. But yet again due to the fear of them losing their jobs they are trying to stay away from the casinos.
3) Jackpots will not be as big – You know that if you are playing Bingo, online poker or roulette that you are playing to win a huge jackpot. Because a lot less people will be playing, it means less deposits and smaller jackpots.

So it just goes to show that in the long run no industry is safe from the credit crunch. The first wave of the credit crunch has caused a lot of casualties, but I feel the second wave will affect a lot more people.
So if you are gambling only gamble if you are confident of coming away either level or making a profit, if you do not have a clue about how to gamble then read books or go on courses as you do not want to end up losing a fortune during these difficult times.

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