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Gambling Regulations among Different Sports Organizations - Essay Example

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Summary to essay on topic "Gambling Regulations among Different Sports Organizations"
When ever we go through the elite and the normal class of people in countries most things and habits common in the society are to be found. Among many problems, we find the habit of gambling most common in every walk of life in the world. There has been a time when people used betting in every thing…
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Download file "Gambling Regulations among Different Sports Organizations" to see previous pages... Gambling has strong roots in the history as it could be found among the emperors of china 6000 years ago and common people who made betting their habit. Anthropologists have found evidences which prove gambling in the dark ages. Dice more than 4,000 years old have been discovered inside the Egyptian pyramids.
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Horse racing is more than 2,000 years old. The Christian bible contains a number of references of gambling which includes the roman soldiers "casting lots" (probably stones or shells) to divide up Jesus' clothes after his crucifixion.
Nowadays the betting on sports is very common amongst the sports fans of all classes and nationality. Sport betting is generally the activity of predicting the results of a sports event by making a wager on the outcome of a sporting event. This kind of gambling is permitted in most of the civilized countries such as UK and USA. In United States, the professional and amateur sports protection act of 1994 has made betting and gambling illegal except for the states of Nevada, Oregon and Delaware. Despite of gambling's practice and long history, gambling is often considered a controversial issue with strong advocates on both sides. Legalized gambling authorities argue that for most people it is a harmless diversion which makes individuals, free to spend their money as they wish. The most common arguments are related to economic benefits, especially in poorer communities that use gambling to attract investments and jobs. Civilized cities and states can use legalized gambling to generate tax revenue that supports specific public services, such as education. Supporting jury of the fact, also argues that gambling attracts tourism, and that restrictions simply divert the potential tax revenues to illegal gambling operations where the practice is legal.

According to the research, gamblers sometime turn to criminal and non ethical activities to support their habits. Violent crime rates can also rise in some cases when gambling is legalized. Corruption of government and law enforcement officials is another issue associated with gambling. The gambling industry often contributes heavily to political campaigns in the hopes of influencing legislation and expanding operations in those areas.
Every issue has some pros & cons. some of the pros comprise that due to gambling a vital contribution of tax is generated for the national exchequer. If a state does not allow gambling then people may go else where, many people go to Las Vegas each year. New casinos are 'democratic'. The wealthy and aristocratic have always been able to gamble in exclusive clubs and casinos. Why not let ordinary people enjoy the same freedom. As per for the cons, new casinos are dragging people into addiction. Damage done to individuals and families by gambling addiction is catastrophic. Lives are ruined; everything possible should be done to discourage such a dangerous habit. there are many outlets already (some would argue too many) for people who like to bet - from betting shops on high streets to the national lottery and the football pools. Gaming is morally wrong and saps ambition. When gambling and money come to a sport, it ruins the glory and passion. When ...Download file "Gambling Regulations among Different Sports Organizations" to see next pagesRead More
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