Sports Betting Research Paper

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.

Economic The Australian gambling market is remarkable in the world’s gambling industry. It has already been mature and showed a very strong growing momentum with 2.9% annually over the last five years, and it was predicted that the growth rate would be constant in a medium-term period. (Sudarsanam, 2011)There are four categories of gambling activities. Gaming is the largest type with the annual turnover over $10.2b, and other three types are Casino, wagering and lotteries, and the annual turnover was $3.2b, $2.6b and $2.1b respectively. (Sudarsanam, 2011)

Gambling is a common practice throughout human history, one that appeals to the individual’s desire for gain and offers the thrill of risk or uncertainty. Sports gambling is the “wagering of money or other items of value on the outcome of a sporting event, dependent either wholly or in part on chance” (Thompson, 2008, p. 1). Sports gambling generates billions of dollars annually, with large events like the Super Bowl or World Series alone able to generate wagers in the billions of dollars. This research will explore the arguments of those who oppose sports gambling and those who support it in order to answer the question: Should sports gambling be legalized?

According to Frixo.com (2014), for as long as there has been matches with winners and losers, there has been betting. However, when it comes to popularizing and

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

Clearly the people who benefited most from gambling laws in New York City and Atlantic City were the criminals and crooked politicians. However, those cities weren’t isolated cases, just some of the most extreme examples. Horse racing, along most every other form of gambling, was banned in most states in the early 20th Century. Yet, the ban on horse racing didn’t curb public demand. For decades, one of organized crime’s most prized assets was the “race wire.” That was a telegraph service that sent updated horse racing information so that gamblers could bet on races from anywhere in the

From this study the economic impact of gambling helped unemployment to decrease. People got off welfare and got a job, then bought health insurance. The Legalizing of gambling would help the creation of new jobs which would drop the unemployment rate that would give more revenue to the state which is a positive effect.

They believe that the attempt to chip away at illegal sports gambling "isn 't a

“We do not want our games to be used as bait to sell gambling,” NFL Commissioner Paul Tagliabue said. “We have to make it clear to the athletes, the fans and the public, gambling is not a part of sport, period.”

A lot of people rely on pro football predictions with regard to making their bets on the next game. People, though it may not be too obvious, are putting stakes on who is winning and losing in the next game. Before you start putting your money into that pot, make sure that you know what you're getting into.

Throughout all periods of human history, there has always been a quintessential form of risk-taking to “win big” or go home with nothing. This gambling spirit is still very apparent in many changing forms. America and other countries went from the gambling ideal of betting with luck, to betting with skill in horse races and fantasy sports. From the 18th Century to 1956, gambling in Great Britain has evolved from a growing epidemic in a multitude of forms to primarily a bond-based gambling system. In a similar vein, gambling changed in America from friendly cock-fight bets to a more universal stock market form of gambling. Recently, gambling has reverted back to person-to-person interactions. The growth of fantasy sports and the debate about

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.

From commercial casinos to lottery tickets to off-track betting, it is easier to gamble today than ever before. While the government promotes the gambling industry to supplement tax revenues, it has not allocated

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.

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.