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Gambling Should Not Be Legalised

Sports gambling legalized
  1. Benefits Of Legalized Gambling
  2. Sports Gambling Legalized

Gambling addiction truly is a huge problem, causing sufferers to lose money that should be earmarked for the mortgage and for care of their families. Gambling addicts, however, will invariably find places to lose their money, legal or not, and the big gaming establishments put millions of dollars into programs to help problem gamblers. Legalize gambling, and the entire illegal gambling taking place will stop, and that is another avenue for the government to earn some money. Tax it at a higher rate, if need be. In addition, I feel that Gambling should be legalized and taxed since it is a valid form of entertainment. Public Gambling Act, 1867 does not deal with Gambling in India. Section 67 of the Information Technology Act,2000 directly/ indirectly deals with gambling. Gambling is in Union List in India. Lodha Committee recommended Betting not to be legalised. “Gambling is a principle inherent in human nature”.

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AGAINST BANNING GAMBLING

FOR BANNING GAMBLING

1. AS GOOD AS ANYTHING

As the popular adage goes, time you enjoy wasting is not wasted time. Say what you want about gambling, but you cannot deny that it is fun. Heck, even if you do try to deny it, the science will just prove you wrong. We now know that gambling triggers the release of dopamine in our brains which, by definition, is linked to pleasure. All humans like the thrill of a possible reward. Gambling, by its very nature, provides that for us. As long as you go into it treating it like any other leisure activity – where you may actually have to pay up – it’s fine.

1. AS BAD AS IT GETS

Religions across the world have been warning us of the dangers of gambling for centuries. “You cannot serve both God and money,” sayeth the Bible. The Talmud condemns gambling as a sin. The Quran lists it as haram. Certain sects of Hinduism specifically forbid it. Would it not be prudent to heed the common wisdom of these great faiths?

Even if you’re non-religious, you’ve surely heard horror stories wrought upon families by gambling. Be it fathers or mothers abandoning their parental responsibilities, losing life savings or destroying their home lives, it’s not a pretty sight. Gambling can be seriously detrimental to your social well-being.

2. FREEDOM

We’re all adults, aren’t we? Do we really need a nanny state to regulate our behaviour? At the end of the day, it should come down to personal responsibility. If you want to go ahead and gamble, you should have the freedom to do so. It’s never a good idea to grant governments the right to legislate morality. We’ve already seen the disastrous results that led to in regards to sexuality and drinking. Of course, like anything, there is always the risk of gambling being abused by individuals. That’s the risk you find with any recreational activity. However, it’d be foolish to create laws based on the extremes.

2. ADDICTION

Of course, you’re free to do as you wish, but how free are you really once you fall into the dark grip of addiction? Problem gambling is a well-known psychiatric issue. Gambling triggers the reward centre of the brain. For certain individuals, this pleasant sensation creates a compulsive disorder. In Europe, pathological gambling rates vary between 2% and 6.5% in the adult population. That’s not a negligible number.

3. IT’S USEFUL

Money, money, money. That’s what gambling is all about at the end of the day, is it not? What better way for the state to collect tax revenue than by tapping into such a lucrative sector. In 2015, the money brought in by gambling in Europe was 94.2 billion euros. To put that into perspective, that’s nearly 2/3rd of the EU’s annual budget. You’d have to be an idiot not to exploit that goldmine.

3. IT’S RIGGED

The house always wins. Of course it does: why else would anyone want to open up a casino? The capitalist system is based around return on investments. Casino owners and gambling websites know this all too well and, of course, they specifically create business models to ensure profitability. You could well be one of the very lucky few to benefit from this system, but you’re far more likely to be the stupid schmuck that loses everything. May the very low odds be ever in your favour…

IMAGE CREDITS: (C) BigStock – maxxyustas

What are the adverse effects of gambling? How does it affect society? Should gambling be legal? We don’t think so and here we bring you an article that discusses the reasons why gambling should be illegal.

Gambling refers to the process of staking money in view of gaining more. When it comes to making money, one has to draw a line between need and greed. Gambling is something that blurs this line. It tempts you to risk more in an attempt to win more and the cycle does not seem to end. In case you lose money, you want to earn it back and if you earn money, you are tempted to gain more. Caught in the cycle, you keep gambling for hours. And then you do it regularly. It becomes a habit you cannot break.

Over time, you may get addicted to gambling. In the process, you end up losing large sums of money. Even if you win, your greed to win more might never end. The activity that started as a game of winning or losing money might take a bad turn and lead you to criminal activities. Gambling may breed ill-practices that have adverse effects on your family and social life. Perhaps, a good solution to prevent the damaging effects of gambling is to make it illegal.

Why Gambling Should Be Illegal

Gambling Invites Problems

Gambling is meant to serve as a recreation. People engage in gambling activities to get rid of their problems, stress, and loneliness. But most often, the contrary happens. Gambling often turns out to be a thoughtless splurge of money and a waste of quality time. It invites problems.

Gambling Leads to Crime

Gambling can lead people to crime. Those addicted to it fail to think wisely before taking any decisions in life. The addiction forces them to risk huge amounts of money. It may lead them to a stage where they cannot stop themselves from betting money and valuables, in turn leading them to bankruptcy. Those addicted to gambling are often seen giving up their jobs and careers, thus spoiling their lives.

Compulsive Gambling can Ruin Life

Problem gamblers or compulsive gamblers as they can be called, feel compelled to bet money with the intent to win more. Irrespective of whether they lose or win money, their addiction to gambling forces them to continue staking it. It may land them into huge debts. Lack of funds to repay the loans may leave them incapable of shouldering responsibilities towards their family. In this case, the family members have to face hardships and economic problems, or they may decide to separate, sharing no responsibility of the money lost.

It’s Addictive

Gambling is so addictive, that it won’t be wrong to compare it with drugs. Similar to how substance abuse has devastating effects on a personal and social level, even gambling is detrimental to both these aspects of living. That’s one reason why it is wise to outlaw it.

Gambling Affects Finances

Though one may argue that gambling is only a means of recreation and that it should be taken as a form of entertainment, truth is that it is seldom taken that way. Gamblers consider it to be a business, an investment, or a way to earn money. They take irresponsible decisions about staking money and risk amounts they don’t even have. This leads to huge debts they may never be able to repay. The prohibition of gambling by law is an effective measure to discourage people from its damaging effects.

Sports gambling legalized

It’s Fruitless

Money that could have been invested in better ways or put to better use is lost in gambling. Money just changes hands between the gamblers and is never really put to any worthy use. It keeps circulating between those involved in gambling, and they keep switching between rich, richer, poor, and poorer. Gambling can make the rich poor and the poor rich, within seconds; that too only out of luck. It is tempting to bet money, hoping for a bigger win every time. The allurement is not easy to overcome. And hence it’s best done by law.

Gambling Leads to Malpractices

Benefits Of Legalized Gambling

Gambling leads people to borrow money and take secret loans for betting. These practices can best be prevented through law. Generally, people fear to do something that is illegal. They prefer to remain away from anything that is banned by law. Thus, if gambling is made illegal, its detrimental effects may be substantially reduced.

Sports Gambling Legalized

Making gambling illegal can solve many of the problems associated with it. Crime is best curbed through the use of law and order. If addiction to gambling is entitled to punishment, gambling practices will become less prevalent or may even stop completely. Strict laws against gambling, punishments or penalties to those caught, and surveillance, can prevent the number of people engaging in gambling activities.