CNN – Gambling online? You bet!

Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way. But as more and more traditional firms become involved, the consumer will look for the brand name. But according to Inland CEO Don Speer, elusive profits need not be one of them. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”

The amount spent on Internet gambling is harder to calculate. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool.

All the sites indicted by the U.S. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”

Is it legal?

A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

One major barrier to profitability is the law. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. For decades, Vegas was about the only legal option for gamblers. (The company did not respond to repeated requests for an interview.)

Group calls for regulation of Net gambling

For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. Casino games are available on a site or via downloadable software. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. Together, these sites have about 4,300 registered customers in 96 countries around the world.

It’s not because they operate in any fundamentally different way.

But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat. As Timothy L.

But a hard-core base will continue to turn to Internet betting for its clear advantages. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status. The Standard obtained a Department of Justice analysis of the bill S. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. Bets generally range from $1 to as much as $300.

The original version of Kyl’s bill failed most of these tests.

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted).

Second, legislation should be technology-neutral. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. But the travails associated with fending off lawsuits have essentially put the company out of business. The Wire Act obviously has no mention of wagering over the Internet. Her higher-ups in the Justice Department appear to agree.

More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time. college and professional sports. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria.

Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au). . If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au). Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. Even the precise number of online casinos is hard to calculate. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager. attorney’s case involved the casinos’ sportsbooks. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. In 1997, published reports put the total number of operating online casinos at 15. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?

You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland.

First, legislation should treat physical activity and cyberactivity in the same way.

Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. Almost all online gambling sites work the same.

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. Packer is a man with a voracious gambling appetite. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity. In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape. “Ultimately, Internet gambling operators are selling a product. At one point, Interactive Gaming looked like it could be an industry leader. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal. has had little cooperation from any other nation. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino.

Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling.

But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”

Nonetheless, some experts think the case could be made to stick. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”

So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. Today, a roster on one “gambling portal” site lists well over 200. O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.”

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. Legislation tied to a particular technology may quickly become obsolete and require further amendment. The minimum amount to begin an account varies. Their case is based on the 1961 Wire Act. In most cases, this means operating out of Australia. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. citizens, it will be increasingly tempting for them to turn to locations abroad. … attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. attorney’s office theoretically operate out of the Caribbean. Attorney White has proceeded slowly and quietly. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. But they say the more bettors, the better. “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology. “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm.

Internet Gambling Worldwide, Past and Future

If such gamblers are not satisfied by options available to U.S.

Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper).

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on.

The office of U.S. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. I’ve not had problems being paid.”

But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S

Negative Effects of Gambling

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.

You could be at gunpoint or holding the gun. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. 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. This proves to be detrimental to their social and family life. 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. The greed never ends and they keep betting more and more. Thus, gambling can have a grave economic impact which is difficult to reverse.

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

Gambling = Thoughtless Expenditure + Waste of Time

? People continue gambling with the greed of winning money. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Gamblers often exhibit mood swings and a strangely secretive behavior. Sports betting and arbitrage betting are the other types. Forget satisfaction or peace, it is not even refreshing in the real sense. It soon becomes a habit that can’t be broken.

? Gambling is practiced as a means of recreation. Their mental state can even lead to suicidal tendencies.

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. ? 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.

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

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? The costs of treating compulsive gamblers are huge. 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.

? Additionally, rehabilitation and public assistance systems are taxed.

? Gambling has proven to be addictive. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

? Gambling can lead to criminal activities. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. It causes a decline in his/her work performance, thus hampering his career.

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

Compulsive gambling leads to bankruptcy

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

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

? Addiction to gambling has been linked with substance abuse. The two go hand in hand. Because of this, they land in worse situations and take the wrong decisions in life.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. It only leads to a thoughtless expenditure of money and valuables.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? 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.

? 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.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. Due to lost mental peace, they may ill-treat their spouse and children. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

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

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. It can drag you into crime, gambling isn’t fun.. They engage in gambling activities at the cost of their time with family and friends. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

? Problem gamblers and addicts tend to abuse their family members. Some go that way to forget the sorrow of losing big sums when gambling.

? Research has shown that gambling can lead to harmful behavior in people. In spite of the losses incurred, they continue betting. 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.

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

? According to a study by the George State University, 50% of the problem gamblers commit crime. Six to eight million people in America are estimated to have a gambling problem.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

? They start borrowing money and take secret loans. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

? The addiction to gambling can leave one in bankruptcy. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work

How the Sports Betting Line is Made by RJ Bell

Of course there is an entire method to the madness on how the opening line is created. If we’ve done that, we’ve done our job.”

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line. This usually includes having up-to-date power ratings on each team.

Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10). People think it’s much more complicated, but it’s not.”

The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process.

Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor). Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game.

Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks. The power ratings are adjusted after each game a team plays. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias.

“You either have a passion for it or you don’t,” Seba said. That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides. By moving the line, sportsbooks can influence how the public bets on a particular game. Reasons for such adjustments include:

Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. In doing so they attempt to make more attractive the team that is getting less action. “The main objective is that our clients get equal action on both sides,” Seba said. We do this by drawing from past experiences and applying them to current situations. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach.

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.

How the Opening Line Is Made

Experts working for the individual books having a strong opinion on the game

RJ Bell

┬ęPregame.com 2006

Website: http://www.Pregame.com

A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks.

Why the Line Changes

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’).

Contributed by:

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines.

For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ┬Ż to try and attract money on the favorite. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades. Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years.

“The #1 thing for us is to make a line for each game that creates good two-way action.

Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it.

Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. .

Once betting begins, sportsbooks can adjust the line at any time. In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf). Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line. By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error.

What Is the Line Trying to Accomplish?

Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision

A Beginners Guide To Betting On Greyhound Racing

There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line. These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.

Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.

Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.

Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded. The important odds to consider are the first, second and third for most bets that are being made. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.

Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.

How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.

As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes. Online betting sites with “racebooks” set the greyhound racing betting odds.

The odds are available through the race and are created by the sports books. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.

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Negative Effects of Gambling

Six to eight million people in America are estimated to have a gambling problem.

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

? The addiction to gambling can leave one in bankruptcy. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Due to lost mental peace, they may ill-treat their spouse and children. 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. Sports betting and arbitrage betting are the other types. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? 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.

? According to a study by the George State University, 50% of the problem gamblers commit crime. The greed never ends and they keep betting more and more. 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.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. Because of this, they land in worse situations and take the wrong decisions in life.

? Gambling is practiced as a means of recreation. 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. 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.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. Some go that way to forget the sorrow of losing big sums when gambling.

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

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? People continue gambling with the greed of winning money. They engage in gambling activities at the cost of their time with family and friends. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

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

? The costs of treating compulsive gamblers are huge. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Addiction to gambling has been linked with substance abuse. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. It causes a decline in his/her work performance, thus hampering his career.

? 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.

? 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.

? Problem gamblers and addicts tend to abuse their family members. It only leads to a thoughtless expenditure of money and valuables.

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

? 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 has proven to be addictive. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. This proves to be detrimental to their social and family life. ? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. 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. It can drag you into crime, gambling isn’t fun.

? Research has shown that gambling can lead to harmful behavior in people. 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.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

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

Compulsive gambling leads to bankruptcy. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

? Additionally, rehabilitation and public assistance systems are taxed.

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

? Gambling can lead to criminal activities. The two go hand in hand. It soon becomes a habit that can’t be broken.

Gambling = Thoughtless Expenditure + Waste of Time

? Gamblers often exhibit mood swings and a strangely secretive behavior. Their mental state can even lead to suicidal tendencies.

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. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. Thus, gambling can have a grave economic impact which is difficult to reverse.

You could be at gunpoint or holding the gun. Forget satisfaction or peace, it is not even refreshing in the real sense