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Gambling on sports is a bad bet

Gambling on sports is a bad bet

Everyone is affected by gambling in Australia, even if you don’t bet everyone is annoyed by the non-stop advertising every time you switch on the TV. The number of people that suicide having got into serious debt gambling is significant. Tim Costello believes that gambling stress pushes more than 400 Australians to suicide each year, a figure that has been given credence by Australia’s Productivity Commission.
We are not so different from other countries as Cal Thomas discusses about the US.

“I am shocked, shocked, to find that gambling is going on in here.” — Captain Renault, “Casablanca”

Human nature being what it is it should come as no shock that the next level of approved gambling in America is sports betting. States already have casinos, the lottery and other ways of separating money from the weak for their ravenous and bottomless coffers, so why not allow betting on sports contests?

The question should answer itself, but in our increasingly permissive culture where anything goes and the standard that once delineated right from wrong and measured what best promoted the common good has gone with the wind.

The Supreme Court last week struck down a 1992 federal law that had effectively banned commercial sports betting in most states. That, according to the New York Times, opens the door “…to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year.”

The law the decision overturned — the Professional and Amateur Sports Protection Act — prohibited states from authorizing sports gambling. Among its sponsors was Sen. Bill Bradley (D-NJ), a former college and professional basketball player. He said the law was needed to safeguard the integrity of sports.

Bradley was right, though sports have been compromised for many years. During my brief college playing career, the basketball head coach passed out “food money” after games. Players who did especially well received more food money than those who scored fewer points. It’s gotten much worse since then.

There have been financial scandals involving thrown fights and shaved points extending back at least as far as the Black Sox scandal of 1919 where some Chicago White Sox players agreed to throw games to benefit gamblers.

The Supreme Court decision has removed even a veil of disapproval from sports gambling and what was once reserved for Las Vegas and illicit bookies will now go national. Already I am receiving emails inviting me to wager on various sports.

Gambling addiction has become a serious problem in America. According to the National Council on Problem Gambling (NCPG), 15 percent of Americans gamble at least once a week.

Approximately two percent to three percent of Americans meet the criteria for problem gambling. That’s around 6 million adults and about a half million teens.

Young people risk developing a gambling problem at a rate of about two to three times that of adults, and approximately 6 percent of college students in America have a gambling problem.

NCPG research says roughly 40 percent of people with a gambling problem started gambling before the age of 17.

If that isn’t enough, consider these statistics:

— NCPG notes the annual cost associated with gambling (crime, addiction and bankruptcy) is $17 billion.

— Approximately 76 percent of problem gamblers are likely to have a major depressive disorder.

— The NPCG also says children of problem gamblers are at higher risk for a number of behaviors, including problem gambling, tobacco use and drug use.

— Oregon Problem Gambling Resource states that about 10 percent to 17 percent of children of problem gamblers and about 25 percent to 50 percent of spouses of problem gamblers have been abused.

— Georgia State University (GSU) estimates that about 50 percent of problem gamblers commit crimes, and about two-thirds of those crimes were directly related to the gambling.

— GSU also notes that 73 percent of people who are incarcerated are identified as problem gamblers.

An Australian study found that one in five suicidal patients had a gambling problem.

Players, who make less than astronomical salaries might be tempted by gamblers to perform at sub-par levels in exchange for payments.

This is a bad bet on many levels, except for state and local governments, which will show they care less about the effects on people and more about all the additional tax money they will take in.

 

{ 5 comments… add one }
  • Ian 14/06/2018, 8:12 am

    I bet that the TV ads won’t be allowed to play before 9:00pm by next year.
    What are the odds of that?
    Oops…..

    • Zoltan 14/06/2018, 9:43 am

      2 to 1 on says you’re wrong……..blast!

  • bushwanker 14/06/2018, 8:13 am

    All gambling is ‘problem gambling’. Isn’t it enough that life is a gamble.

  • Clarion Call 14/06/2018, 11:55 am

    Gambolling is an odds-on better bet than plain old gambling. Costs nothing to hop around a bit, arms flailing and a big happy grin . Get fit and save the rent money at the same time. Gambling is for fools, farts and flops. Never met a serious gambler yet who actually finished in the winners’ circle.

  • AdamantEve 14/06/2018, 3:30 pm

    As Damon Runyon wrote, “Horse Players Die Broke.”

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