Online Sports Gambling

Gambling is becoming increasingly popular in today’s society. Major casinos and online gambling sites attract

A manager has to screen every aspect while building a fantasy team to hold on to the winning graph. Additionally, sole performance of athletes decides the fate of the team. Also, managers have to take into account more than just statistics while drafting a team, factors like injuries, weather conditions, coaching methodology, etc. play a vital role in ensuring the

Gambling has an adverse impact on the individual athlete's or coach's integrity. Reputation diminishes, and the athlete becomes better known for participation in gambling activities than for athletic feats and career accomplishments. Gambling scandals can ruin careers, and permanently mar the individual's ability to participate in the sport again. As Finley, Finley & Fountain (n.d.). point out, gambling also has the potential to ruin the integrity of the entire team, league, or whole sport. "Ensuring an honest and uncorrupted game has been one of the biggest challenges facing sport," (Finley, Finley & Fountain, n.d., p. 41). Baseball in particular has been plagued by gambling scandals. However, other professional sports have also revealed the prevalence of widespread corruption. Finley, Finley & Fountain (n.d.) also note that gambling on college sports has been a problem since the CCNY point-shaving scandal of the 1950s. Point shaving proved lucrative enough for high-profile black market gambling syndicates to flourish. Although most players, coaches, and teams are not corrupt, the few that are have sullied the image of all sports.

One of the biggest reasons opponents of sports gambling are opposed to wagering on sporting events is because of the potential for sports gambling to result in fixed sporting events and ultimately undermining the integrity of professional and amateur sports in the U.S. As Thompson (2008) explains, sports gambling remains illegal and heavily regulated by the government “because of the potential for events to be fixed, or illegally influenced (using bribes or other forms of compensation)” (p. 2). It is not that difficult to see how this might happen, since numerous sports gambling scandals have occurred in the past. The 1919 World Series was fixed by Chicago White Sox players. Pete Rose was banned from baseball and denied admittance to the Baseball Hall of Fame because of his admission to gambling on sporting events while he

Gambling in professional sports is an ethical dilemma that needs to be examined from all angles before making a decision on whether to bet or not. Gambling has been a part our society for thousands of years, dating back to the original Olympic Games in Greece. Depending on where you live, there will be different laws regarding the rules of gambling. The story of Pete Rose shows a good example of what can happen to a sports manager that bets on his own team and others in his sport. In this case, there will be a situation where someone is faced with an ethical dilemma and they must go over all options before making a decision. Before betting on a sports team, one must look at all alternatives to betting and the consequences that come with each one. After this, a choice must be made regarding the ethical dilemma. This decision must be looked at from the legal side of things, as well as your own gut feelings towards your choice. You also must ask yourself how you would feel about it if you told the world what your decision is. The code of ethics of sports managers can also play a role in the decision making process. An ethical theory called utilitarianism will also be a way of looking at how and why the decision was made. By covering all these topics, it will assist in making the decision for an ethical dilemma.

Gambling is perceived in very different ways by its participants and affected parties. There is a stricter and no tolerance view practiced by the National Collegiate Athletics Association [NCAA] whose role is to govern college athletics. A study conducted by (Nelson, LaBrie, LaPlante, Stanton, Shaffer, & Wechsler, 2007) points out that “…the NCAA membership adopted bylaw 10.3 that prohibits athletics department staff and student-athletes from engaging in gambling activities that relate to intercollegiate or professional sport events.” As stated earlier, the individuals mentioned in The NCAA’s bylaw are not the only people participating in sports related gambling activities. Furthermore these individuals, consisting of college students (student-athletes and non participants), and fans also partake in gambling activities unrelated to sports. Their perception of gambling seems less strict than the NCAA. Previously stated, it is viewed as fun, a way to win money, for excitement or entertainment for student-athletes. This view is also shared by college students that are non participants and fans. Another perspective of a non participant or fan on sports gambling suggested by (Nelson, LaBrie, LaPlante, Stanton, Shaffer, & Wechsler, 2007) states that there are some “…sports fan who might gamble on sports as a way of “being in the game.” In addition, (Nelson, LaBrie, LaPlante, Stanton, Shaffer, & Wechsler, 2007) mentioned that this attitude may stem from there being

Federal agents who were acting under suspicion thought that Katz was aiding other gamblers information via phone. ?Katz was convicted under an eight-one count indictment for the illegal transmission of wagering information from Los Angeles to Boston and Miami? (Chicago Kent Law, 2015) and the court granted certiorari. Since they invaded his privacy by attaching devices outside the phone booth to listen in on his conversations to other people, Katz challenged his conviction saying that they could not use the recordings since they were retrieved without his consent and knowledge (Chicago Kent Law, 2015).

DraftKings and FanDuel should not be allowed to operate because it is not a game of skill. The two companies both claim that their daily fantasy sport league games are of skill, while others such as the New York State Attorney General, Eric Schneiderman, believes it is a game of chance. In a statement to The New York Times, FanDuel said

Clark 6 legislative alternatives, and proven widespread benefits of betting will all contribute to fighting legislative gridlock slowing sports betting's advancement.

“Big” Tim Sullivan was the leader of an unofficial “gambling commission” in New York City. Members of the secretive commission included Frank Farrell (New York City gambling mogul), a State Senator, and the Chief of Police, Bill Devery. Every gambling house, policy shop, and craps game was charged at least $300 for a “license,” which was collected by the local precinct captain. There was no pretense with these “licenses” as there were no regulations in place to protect consumers. This was simply a lucrative bribery system amounting to $3,095,000 for the year of 1900, according to the The New York Times. Obviously, the ban on gambling wasn’t

The insider win policy should have been reviewed and appropriately revised to curb the rising number of insider win abnormalities. The review of the policy should have laid down sterner rules on the insiders especially in regards to fraud and client exploitation in regards to their lottery tickets. The OLG should have relied on sterner employee contracts that clearly stipulate the retailer`s obligations when redeeming the tickets. The retailer contracts should include clauses that allow for contract termination in the event of fraud by the retailer or the employees (Bliss 2009).

Robert Kiyosaki once said, “Successful people take big risks knowing they might fall hard but they might succeed more than they ever dreamed.” This man is a billionaire that hit the jackpot, while gambling. He now owns eleven different businesses and he is worth over eighty million dollars. If someone could learn how to astute, they could live like him too. The articles, The Legalized Gambling Debate, Sports Betting Should be Legal, and Should Sports Gambling be Legal?, all attribute thought to this suggestion. Gambling is a feasible business as it provides revenue, sponsors education, and inspires gamblers.

Then there are the race tracks. They are now legal in over four fifths of all the states in America. The owners of the track take 18 to 21 percent of money wagered. The bettor has a likelihood of winning only a 0.41 to 0.44 probability of winning. That is about one half of one percent! But, it is a well-known fact that when a man wins at gambling, he is very likely to stay in for another game—and then lose his winnings! It is no wonder that it is called “gambling fever.” It is almost an insanity which grips a person.

While the total number of gambling enterprises has fallen in recent years the overall number of people employed in the industry has increases, suggesting that enterprises are now larger than they were a decade ago. The way people bet has been revolutionised of recent years with the online gambling industry taking over the

Most of us have heard of fantasy football. Online fantasy has risen in popularity over the past couple of years, due to advances in technology. With this rise in popularity, it has raised eyebrows at the state and federal government levels. There are many grey areas when it comes to gambling online, that many people still don’t understand. Many questions are being asked, such as legal transactions with credit cards, is online gambling causing a problem with a rise in gambling addiction? Over the course of this report, I will go over the good and the bad of making online gambling legal and regulated.