The Popularity of Gambling and Investing Amongst StudentsPersonal_Finance / Gambling Mar 27, 2017 - 07:31 PM GMT
For many student’s finances are a big issue. With all the tuition fees, living costs (and not forgetting the party fund), generating some extra income is a must for some.
A large number of students receive funding from wither the government or their parent's, whilst others opt to get job. However, is there a way for students to make some money without having to put in long hours alongside their studying?
The gambling industry is already prominent in the UK; but despite this it's still growing at a rapid rate. This is in no small part down to the introduction and growth of affiliate sites.
Affiliate sites are a popular source when it comes to gambling, especially for students, as they can find a collation of the best offers such as the ones here at BetBonusCode.co.uk.
Gambling is a very popular amongst students already. The prospect of immediate financial gain is something that appeals immensely to anybody, but even more so to students who can often find themselves cash strapped.
However it's not just the prospect of financial gain that lures them towards it. The social side of gambling is something that's not often covered, but it is one of the reasons why so many people get involved.
Investing in stocks and shares
Investing in stocks and shares is something that's not particularly rife amongst students in the UK. Similarly to gambling there is a lot of money to be made by investing wisely in stocks and shares, so why is it that most students don't see it as a viable option when it comes to spending their disposable income?
The key reason for this may be down to timing. Where students enjoy the immediacy of gambling, where wins are often instantaneous, the same situations occur much less in the stock markets. Although the markets can often be volatile, they simply don't compare to gambling when it comes to speed of return.
Another reason why investing plays second fiddle to gambling for students can be attributed to its often complex nature. The amount of analysis and keen eye for detail that it takes to be successful in the stock markets is a clear deterrent for students. On top of socialising and work-load, students seldom have time for stock market analysis.
Is gambling or investing in stocks a good idea for university students?
Overall both gambling and investing in stocks can be a good idea for students; although like everything it needs to be done in moderation.
There have been some great student success stories, especially when looking at gambling. As recently as 3 years ago one student managed to fund his whole university experience through gambling.
On the flip side, there have been some horror stories surrounding gambling and students. A story in the Guardian a few years ago detailed the turmoil that one student went through after losing large sums of money betting.
Stock and shares may be the safer option, but gambling does have the potential to be a quick fix.
If students are to make a choice between gambling or investing then they need to decide whether they're looking for potential quick wins, or a more steadied, long-term approach.
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