Ethical Problems of Gambling
SOC120: Introduction to Ethics & Social Responsibility
October 3, 2011
Gambling and all the issues it brings have had an enormous impact on my life. Gambling is the practice of playing games of chance or betting, in the hope of winning money. Gambling is also the reason my marriage ended. I could no longer deal with whole pay checks being lost to gambling and living week to week while money was being thrown away. Gambling addiction ruins families and mine was one of its victims.
There are many types of gambling including state sponsored lotteries, casino’s, sport betting including horse and dog betting and online gambling. ...view middle of the document...
Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions. There is much debate over whether or not the social and economic consequences of casino gambling outweigh the initial revenue that may be generated. In the United States, many states are grappling with high unemployment and budget deficits and are now turning to legalizing casinos, often in places that are not tourist destinations. Some casinos are also known for hosting live entertainment events, such as stand-up comedy, concerts and sporting events. Use of the word in the past, and modern use in some countries, does not necessarily involve gambling.
Gambling on sports seems to be a fun thing for sports fans to do these days. It is something that a person can do to make the game more interesting, especially championship games already soaked in rivalry, and to make a few dollars off of their favorite team. Why not?
Sports’ gambling is usually all in good fun, but as of late there have been some situations that have arisen in which some people have been using their positions in the sports industry unethically, and are placing bets on sporting events that they are involved in. Many scandals have emerged that people may or may not have taken or placed bets in such instances, and of course all people are presumed innocent until it is proven otherwise.
Why is it such a bad thing? Sports gambling by people who are so closely involved are truly unethical. It leads to cheating attempts and poor sportsmanship, none of which is conducive to anybody’s experience on the court, out on the field, or even in the stands.
Sports’ gambling is not always a bad thing at all. It can be a great way for people to share in a particular interest and to find something to look forward to and get excited about. It is, however, a bad thing if you are gambling money that you need for your bills, money that you need to survive, or even money that you do not have. This latter situation is often the case with many people, and it has lead to many gambling ring busts and sports gambling even being made illegal in some places.
Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet. There is a large number of online casinos in which people can play casino games such as roulette, blackjack, pachinko, baccarat and many others. These games are played against the "house", which makes money due to the fact that the odds are in its favor.
Normally, gamblers upload funds to the online gambling company, make bets or play the games that it offers, and then cash out any winnings. Gamblers can often fund gambling accounts by credit card or debit card, and cash out winnings directly back to the card; most U.S. banks, however, prohibit the use of their cards for the purpose of Internet gambling, and attempts by Americans to use credit cards at Internet...