Negative Effects of Gambling

Because of this, they land in worse situations and take the wrong decisions in life.

? The addiction to gambling can leave one in bankruptcy. Sports betting and arbitrage betting are the other types. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.

? Gambling can lead to criminal activities. This proves to be detrimental to their social and family life. It soon becomes a habit that can’t be broken.

You could be at gunpoint or holding the gun. Some go that way to forget the sorrow of losing big sums when gambling.

? They start borrowing money and take secret loans. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. It can drag you into crime, gambling isn’t fun.

Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

? Gambling is practiced as a means of recreation. The two go hand in hand. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Six to eight million people in America are estimated to have a gambling problem.

? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.

? According to a study by the George State University, 50% of the problem gamblers commit crime. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.

? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? Problem gamblers and addicts tend to abuse their family members. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

? Addiction to gambling has been linked with substance abuse. It causes a decline in his/her work performance, thus hampering his career.. It only leads to a thoughtless expenditure of money and valuables.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.

? Gambling has proven to be addictive. Forget satisfaction or peace, it is not even refreshing in the real sense. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. In spite of the losses incurred, they continue betting. Their mental state can even lead to suicidal tendencies.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. Gambling = Thoughtless Expenditure + Waste of Time

? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.

? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.

? Additionally, rehabilitation and public assistance systems are taxed.

Compulsive gambling leads to bankruptcy

? People continue gambling with the greed of winning money. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? A majority of those addicted to gambling have substance abuse disorders.

? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.

? Research has shown that gambling can lead to harmful behavior in people. They engage in gambling activities at the cost of their time with family and friends. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.

? The costs of treating compulsive gamblers are huge. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. Thus, gambling can have a grave economic impact which is difficult to reverse.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. Due to lost mental peace, they may ill-treat their spouse and children. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. The greed never ends and they keep betting more and more. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.

? Gamblers often exhibit mood swings and a strangely secretive behavior

Don’t Bet on It: Sports Gambling in America

Adam Silver is right. At the same time, all team sports have discovered the marketing advantages of adopting fantasy games, some of which approach sports gambling when a participant can chose a new team each week. Of course, gambling depends upon the games remaining unfixed. Once the states impose their regulations and their taxation on this activity, gambling on professional sports in America will be universal.

We now await input from the commissioners of the football, baseball and hockey leagues. It is ubiquitous. It is time to legalize, regulate and tax it.

We have entered a new phase of American history where some folks have begun to realize that prohibiting certain vices is foolish or just ineffective.

Gambling on professional sports will go on whatever we do. Few turn on the games, especially football, without knowing the betting line. There is no reason to think that were Congress to give its consent in a fairly short period of time we would see a “sports book” in almost every jurisdiction. The availability of gambling online makes that easy to accomplish. Were this to be enacted, state sports gambling would spread like the lottery. So far, the Rocky Mountain high has not caused Denver to rise about its mile limit. To recognize the reality that hundreds of billions of dollars are bet annually — and illegally — on sports is an enormous breakthrough even if the NBA is the only sport to recognize the fact.

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What then are the chances that the other sports leagues and the politicians will go along with Adam Silver’s proposal? In the short run, I would not bet on it.

Adam Silver’s approach calls for federal legislation that would allow states to decide whether they would authorize sports gambling. Perhaps fair-minded individuals will see the proposal for what it is — an effort to respond to reality and minimize some of the unfortunate consequences of having to place bets with a bookie in violation of the law. Professional sports think that gambling means that their games will not be decided on the merits, that fixers will invade their enterprises and cause spectators and fans to lose interest in patronizing their entertainment businesses. What Silver has done is to present the issue for public discussion.

There can be little question that sports gambling is a vice — much like drinking and playing the lottery. We will see this trend continue.

NBA Commissioner Adam Silver’s op-ed in the New York Times calls upon Congress to change the nation’s laws to adopt a federal framework that allows states to authorize betting on professional sports. We are now experimenting with legalizing marijuana for recreational use. Alcohol continues to cause much more harm to society than illegal narcotics, but we learned the hard way that Prohibition generated far more problems than it solved. However, we have passed the point of trying to decide whether gambling on sports provides some sort of benefit to society. For some, the greatest joy comes from gambling on the uncertain outcomes of these contests. The sports establishment is vigilant in protecting the integrity of the product, and it will remain so if gambling is legalized, regulated and taxed.

How will politicians react to Silver’s proposal? If President Obama likes the idea — he dutifully fills out his bracket each March on the NCAA basketball tourney — then for sure the Republican majorities will oppose any change in the law.

Gambling on sporting events is legal throughout most of the world. They should come prepared with an answer.. I would be surprised if the other commissioners follow Silver’s lead, but they will be asked. They have been steadfast in opposition to the spread of legalized sports betting, most recently with regard to New Jersey’s effort to resuscitate Atlantic City by following the Nevada “sports book” model. It is a courageous position for a sports commissioner to take. No one has suggested that this fact of the sporting life be abolished, even if it were possible. Only five states do not have a state lottery, but even some of those states have casino gambling

Spider Fighting and Gambling in the Philippines

Upon learning of his son’s death, the father sought out his son’s killer and hacked him to death with a jungle bolo.

Sept.03,2010 Negros Occidental, Philippines

Fights would be arrange after school or even during school hours if we could manage to play hooky.The fights were stage in hidden and out of the way places far from parental eyes.Gambling was always involve and most of our lunch money went into it. they are feed with insects but we avoid feeding them before a fight to make them more aggressive

A spider fight in a local town ended in tragedy with one man killed and another wounded after an argument over a disputed bet.The suspect armed with a handgun fired point blank at the head of his opponent killing him instantly and wounded another as he fled the scene of the crime.

Sept 20,2010 Liloan town,northern Cebu,Philippines

Heated arguments from hot heads sometimes occur because some boy felt he was cheated or welsh on a bet. A bill or two missing from a parent’s wallet. Occasionally we were found out because of a tattletale schoolmate (usually a girl). :))

. “2 minors killed over spider-fighting bet”

We stabled them in empty matchboxes or in a specially constructed box which usually have separate cells to house several spiders. Fistfights were not uncommon and going home with a bruised eye and soiled or torn school uniform resulted in the discovery of our illicit activities and the accompanying consequences. Although it never deteriorated to such tragic outcome as the news stories below:

“Man killed, one hurt over spider-fighting”

Over an unpaid 5 peso bet (10 cents) a 15 year old stab to death a 13 year old boy. Needless to say, a lot of us got to taste the leathery sting of a belt. Some petty larceny was sometimes resorted to acquire the necessary stake money