Socio-Economic Impact of Gambling – gambling

Since time immemorial, human beings have started indulging in formatted games of chance or gambling as they are more formally known there is not a single society or culture which has not experienced the over-whelming influence this game had on shaping its thoughts, beliefs and course of events. For people indulging in these games it elevated to a special significance, moving from merely being a game to a passion, an indulgence that consummated their senses, their decisions and even their existence. All other concerns became secondary receding to the back of the mind while hands, eye and brain became synchronized into shelving that deck of cards.As far as India is concerned, if mythology is to be believed, we had more then requisite share of gambling affecting our socio-economic as well as political order. Pundits still argue that Mahabharata was nothing but the second stage of what was initially a mere board game with dice. Entire kingdoms, valor, pride and even modesty were hedged as a bet that eventually changed the face of Aryan superiority in the great Indian sub-continent. Then there is reference to Raja Nala of yore (of Nal-dayamanti fame) who also felled prey to the temptation of the dice. So, gambling in whatever format has often left a sinister scar on the face of humanity. Though that is changing as of now but whatever the case may be the influence of gambling has often been undeniable.The social and economic impact of gambling has attracted lots of research primarily because they were needed to bolster the arguments of two groups which are very polarized in their opinion as to the influence of gambling.  Those who consider gambling a serious ill argues that gambling is an unproductive pursuit. It is a sterile activity that offers no productive value, creates no output, no money or goods are generated though considerable time and resources are absorbed in the same. Though they forget that the same logic can be applied to Disneyland, movie and other such pursuits whose sole purpose is providing recreation and any economist worth his salt will vouch that recreation is a very important activity for any thriving economy. There are others who will still maintain that gambling as a habit often comes riding on with many other behavioral disorders, a situation termed as Co-morbidity that creates strong economical disorders pertaining to an individual pushing him to bankruptcy or worse still to a life of crime but alas! There is still no conclusive research that will prove any correlation between gambling and bankruptcy or for that matter with any tangible consequence.On the other hand are those who argue with facts and figures as to how legalized gambling over a period of time has resurrected the fortunes of many a dwindling economies and save the citizens of sure bankruptcy. Casinos being highly labor intensive creates increased employment opportunities for the population around them. Facilities are built and supplementary businesses have a field day catering to the gambling tourists. The whole economy gets a boost up and millions of dollars are paid simply as tax revenues from these gambling havens. This all is done through the cash that has been attracted from outside the economy resulting in an overall profit. Las Vegas is the perfect example of such a booming economy that has turned the whole city into one giant casino and emerged as the entertainment capital of the world. Then economists also point out that there is the satisfaction of people who always wanted to gamble and in legalized economy can now gamble. This satisfaction is of paramount importance in economy and is termed as Consumer Surplus, a term that can be in theory computed for its dollar value.As far as social impact of gambling are concerned there are again divergent views. While some maintain that overall prosperity that comes along with business of gambling is good for social health it has to be kept in mind that often gambling is done in formats which are not legalized. In such situations gambling is often associated with issues like money laundering, trafficking overall corruption, etc. which are detrimental to the health of any society. Gambling, by itself is an awkward issue with most societies. They cannot deny the fact that it is hugely popular because it exists in one or the other form in almost all societies indicating that individuals by nature are prone to gambling. But then again the basic premise of gambling goes against the fabric of modern day societies where pay is equated with one’s productivity. On the other hand most formats of gambling are games of chance with little or negligible skill required and results are dependent on lady luck smiling at the gambler.This is the reason why many religions, notably Islam and Protestant faith in Christianity, are vehemently opposed to the concept of gambling as they find the idea of one person prospering at the cost of another repulsive. They consider it as a human weakness and blasphemous to think that God will not provide as per the needs of an individual and they had to turn to vices to get their needs fulfilled.As a result societies are often confused about gambling. On one hand realizing it as a great source of income and revenues they have legalized it as in different state lotteries. They treat it as giving vent to the natural urge of the citizens who will otherwise resort to illegal gambling. On the other hand they have realized the potential for devastation this seemingly innocuous activity can take place and is fighting tooth and nail to curb it. Example of this will be the betting that goes on in the sports circle like cricket, etc. Since stakes are so high people often stoop to unfair practices that are tantamount to duping innocent people involved and hence needs to be curtailed.

Legality of Casino Gambling – gambling

More often than not, people just register for online casino games without paying any attention whatsoever to the applicable legal constraints. Online casino games have become so popular since the ‘explosion’ of the internet in the early 1990s. Before you sign up for mobile roulette, blackjack or any of your favorite online gambling casino games, you should make sure that you are well informed about the specifics of what the law in your country dictates.Not so long ago, gambling was perceived by society to be more of a social evil rather than a pastime activity. Many people had no choice but to believe that gambling was a dirty game where conmen and addicts went to portray their ill behaviors. Many countries have set up agencies to regulate and monitor any activity that falls within the bounds of ‘gambling’. It is important to be well informed on what country allows what gambling in order to ensure that the games you play are legally recognized.In the United States, despite the fact that there has actually been a boom in the gambling and gaming business, no state has implemented laws authorizing online gambling on profit making websites. The Gaming Control Board is responsible for any licensing, ownership regulation, control and monitoring of all casinos.Unlike in the United States, online gambling and betting are completely legal in Australia. That means that anyone in Australia can play mobile roulette, blackjack or any of their favorite online casino games.Subject to legislation effected in 2006, casino gambling, or any other communication technology reliant gambling, is illegal in the Russian Federation.In the Indian state of Maharashtra, online gambling is altogether illegal.Apart from backgammon, Israeli legislation does not permit online gambling activities.The government of France allowed for internet based gambling to be legally operated in 2010. However, games of chance, such as the video slots and roulette remain illegal. This was decided upon in order eliminate any cases of gambling addiction.British law permits many forms of internet gambling. Casino games such as roulette, blackjack and the slots are well within the bounds of state law.For all the other countries, nothing can be more important for you than at least to have a basic understanding of the laws governing gambling. The website providing roulette or any other game downloads should have some information regarding the legality of whatever game it is that you need. Many articles and documents available online provide well formatted information regarding the legality of online gambling in different states or nations. Online gambling is sure an interesting pastime activity that has come to be popular among many. However, if online gambling is not permitted in your country, you still have land based casinos as an alternative.

Online Gambling – gambling

Online gambling is the newest contribution to America’s debt indiscretions. Now websites make it even more accessible to gamble online, from online slots to tournament blackjack. With these new outlets, chronic gamblers are finding it harder to stay away from the computer. The Internet creates a new isolation for online gamblers, and poses a serious threat to your self-awareness and judgment.Since online gambling offers the convenience of never leaving your home it’s easier to hide a gambling addiction. You can loose yourself for hours in front of a computer, which can have drastic effects on your relationships with others. Another issue with online gambling is that you don’t feel the impact if you lose money right away. You don’t have chips in front of you to keep track of. Now all you have is a number in the corner of your screen to contend with. With this lack of hands on involvement, it’s getting easier to continue clicking the mouse to place a higher bid. However most gambling websites do not allow the use of credit cards, and credit companies do not allow you to use your credit card on gambling either. With this positive step that credit card companies have taken, American’s will gain a better handle on their gambling debt, by not being able to use debt to pay off deb.With most online gambling casinos you can’t even withdrawal your winnings unless its over a specified amount which is usually around $50. By doing this they keep you hooked and you’ll find it easy to continue placing bets because the money is already in the account. Online gambling is no only restricted to casinos and slots, but tremendous amount of sports betting takes place online. The Internet has now made it so that you don’t even have to call up a bookie and place your bet; you can simply login and start betting.Although gambling is becoming a more recognized sport in the industry, especially when they televise celebrity poker and other tournaments, it is still a dangerous sport. It’s understandable that in retrospect every sport is dangerous. The key is to know how to play and to play well. As with all sports you have to take the proper precaution before you play, make sure you know the rules, and have the right equipment. In online gambling the right equipment is a clear head, a complete understanding of your financial situation, and you have to be willing to lose.All too often people fall victim to gambling addictions. You have that one great win, but after that you might lose continuously, and the next thing you know your down hundreds maybe even thousands of dollars. By no means is online gambling a safe sport, it comes with it’s own set of responsibilities. Being aware of the risks involved and making sure your priorities are straight is one way to gain control over gambling before you start a problem. Having an addiction is losing control over your own free will, and that is something no American wants.