As to the reason: to prevent accident loss & to allow the shooting hand to be freed up - to, for example, pick-up a crab.
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Apart from the entanglement issues, having the loaded gun dangling from your wrist pointing who knows where is not a terribly good idea
Wrist lanyards on guns are a very very bad thing. They dont solve any problems and they create several (potentially fatal) ones of their own
cheers
dave
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