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.
Have you ever participated in a paid fantasy sports league? If so, you have participated in a form of gambling. The definition of gambling is “to play games for a chance of money”, which by playing in a paid fantasy sports league people are doing so. Today I will argue the topic of considering fantasy sports a form of gambling, and that teenagers should not partake in paid leagues if gambling remains illegal for anyone under 21. One out of every five sports fan has participated in a paid fantasy sports league in the last five years. So therefore one in five sports fans has participated in a form of gambling even though some deny it. Paid fantasy sports leagues are a form of gambling therefore they should diminish.
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?
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
In sports gambling, the pros know that having profitable betting systems and solid betting strategies are extremely important to having consistent success. As a sports gambler, you can find some of the most profitable betting systems online, many times at a small cost. Combined with your best betting strategies, you can increase the likelihood of being a winner on a frequent basis.
Gambling can be a compulsion where people are so obsessed with gambling that they gamble for a high; much like people who have alcohol, drug, and nicotine addictions. A person who gambles for the sheer urge to gamble despite harmful negative consequences or a desire to stop is considered to have gambling addiction or ludomania. A person with ludomania loves the rush of a win over everything else in life. The addiction causes the person to choose the excitement over responsibility. Families, jobs, retirements, and lives have fallen victim to ludomania. The rush of a win, like any other high, has psychological and chemical impacts on a person. You could link gambling to any other drug that equates to the violent excitement (Jabr, 2013). Is
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.
Gambling can be done at a casino, racetrack, or online. Compulsive gambling addiction can lead to criminal behaviors. There are several phases in gambling. The winning phase lead gamblers to win several winnings, which leads them to believe that they will keep winning. The loosing phase often begins with bragging about their past wins and start gambling alone and begin to borrow money. The loosing phase leads to debts. The desperation phase can lead to suicidal thoughts, arrests, divorce and alcohol and drug abuse.
Will Set a budget for how much you will spend in one session and in one week.Limit the time you will spend gambling. Keep a daily diary to record your gambling. Use a notebook to record the amount of time gambling, number of occasions, wins and losses.Debt or other financial problems. Relationship problems – arguments, disagreements or loss of connection with friends and family,Loss of a job or problems at work due to lack of motivation, absences, inability to concentrate on work, Mental and emotional health concerns – increased stress, depression, panic attacks. Negative impacts on family, especially children – may start getting in the way of being a good parent. Loss of control – gambling can be addictive and starts to take over, it can be hard to stop even when you know it is causing you and your family harm. It can be hard to know if your gambling is getting out of control. A common reaction is to minimise, hide or deny gambling problems and the harm it could be causing. Some people will lie to themselves and others about how much money or time is being spent on gambling. If you suspect you may be developing a gambling addiction, or if you recognise risk in someone you love, get help immediately. Spend more money and time than you intend to gambling, Feel guilty and ashamed about your gambling, Try to win back your losses, Miss important things in life such as family time,
It seems so harmless, betting 5$ on your favorite horse. Waiting for it to win and it doesn't. So, one more time. Ten more times. What happens when it never ends. Horse racing should be stopped due to the effects of gambling. Gambling is an addiction. The definition of addiction is “Being abnormally tolerant to and dependant on something that is psychologically or physically habit forming.” or “an abnormally strong craving”. There are the different parts that make up a gambler. The winning phase, The desperation phase, and the losing phase. The winning phase fuels their addiction. More money = more gambling. The desperation phase take them on a rant for more money. So, horse racing gambling raises crime rates which turns into more taxpayers money being used to help with the damage of the rant the gambler went on. People could get hurt, or businesses ruined. That money used for repairing the damages could be used for education, safety, and making that specific country a better place. It
Gambling affects the person doing it and anyone who is close to them. Through personal experience getting hooked on gambling is mainly from the action and thrill of everything associated with gambling. When gambling they are part of the action and not just watching people play a game for money.
Sports are organized social organizations that have positive effects but can often create a mob mentality for those individuals that participate in organized sports. Drug abuse and gambling are issues that run rampant within the social area for those that participate within sports. There are many things that contribute to a negative connotation when it comes to sports culture. Athletes often go along with the flow and allow anything to happen as long as it is okay with the other players. Many of the negative things that athletes participate in are due to lack of an individual mind because many athletes often think about the overall instead of individual with can have a positive or negative outcome. There are many positive for organized sports but unfortunately the negatives over overshadow
In short, gambling is an enticing entertainment among many Australian friends and families. The fact that it's so enticing socially and psychologically, means that multiple factors are required in explaining why someone develops a gambling problem.
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.