Socio-Economic Impact of 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.

Discover The Science Behind The Addiction Of Gambling

At the initial level, gambling seems to be an exciting activity but later it turns fatal for many, who become addicted to gambling. In fact, a large part of the world population is affected by gambling addiction. In America, the gambling addiction is found more in Caucasian Americans. Around 2.5 million are reported to be suffering from compulsive gambling and 15 million are likely to become problem gamblers in the coming years.

What Happens in Gambling Addiction?

The addicted gambler experiences a number of psychological, physical, financial and social dilemmas. Problems of alcohol and drug abuse also become associated with majority of the gambling addicts. Other problems associated with gambling addiction are mood disorder, depression and anti-social personality disorder.

Gambling addiction is very closely associated with a specific medical condition termed as compulsive or pathological gambling. In compulsive gambling, an increase in the uncontrollable preoccupation of the addict takes place with gambling, despite of the negative effects involved. To continue with their addiction, they also resort to means like cheating, lying and even stealing.

Studies reveal that the failures of gamblers are often perceived by them as “near win.” This is caused due to an inflated and faulty activation in their cortices’ region of the brain, which often deals with handling rewards. The gamblers are unable to comprehend that the mistakes are the same and will result in loss.

According to Luke Clark, the study researcher and expert at University of Cambridge, the same system is targeted by gambling as that by drug addiction, which is the dopamine system in the brain. In gambling, the neurotransmitter dopamine gets released during the “near miss” instances.

Primary Causes of Gambling Addiction

In females, this addiction is developed as a consequence of wanting to escape from unhappy situations such as broken relationships or marriages and job frustration or poor mental health such as depression, loneliness, anxiety or hopelessness. It usually affects women aged around 45 years and they gamble at places where heavy skill or experience is not required like slot machines.

In males, this addiction is developed due to low self-esteem or insecurities. It usually affects men aged around 35 years and they opt for competitive table games. Instead of improving their feelings, it often leads them to debt problems, financial losses and broken relationships.

Treatment of Gambling Addiction

Similar to a drug rehabilitation center, professional help treatments are provided to the addicted gamblers in terms of psychotherapy and medications. In treating this addiction, medications like anti-depressants are generally used. In psychotherapy, a useful technique is used where the gambler is asked to interpret the “near misses” in an accurate manner. Considering factors such as the addict’s age, severity of the problem and more, treatments are provided to the gamblers such as group activities and support and therapies dealing with cognitive behavior.

Gambling addiction often intervenes in psychological, physical, social and vocational spheres of life. The addiction of gambling could be devastating for not only the addict but to his or her family also. The only manner by which the loved ones can be protected from this addiction is by making them aware of the facts regarding the addiction.

101 Gambling Facts Before You Shell Out a Dime

As a popular form of entertainment, gambling has a rich history, and every player has the potential to become a winner in the blink of an eye. There is nothing else quite like the rush of adrenaline that can accompany the gambling experience! The gaming industry has grown exponentially for the past two decades, and the lure of gambling has drawn more and more people to the casinos as well as racetracks and Internet gambling web sites. Gambling is a fascinating pastime in many respects, and the list below will introduce you to some of the historical, statistical, and humorous tips and trivia that make this pastime special.

Did You Know?

1. At least 65,000,000 people in the United States play poker on a regular basis.
2. Playing cards as we know them today are still greatly influenced by the French, even though playing cards were invented in China. According to French lore, the cards with Spades represent royalty. Diamonds represent Merchants, Clubs represent Peasants, and Hearts represent the Clergy.
3. Former United States President Richard M. Nixon used money he had won playing poker in the Navy during World War 2 to finance his run for Congress in 1946. He must have been a good player, for it is never inexpensive to get involved in politics!
4. 87% of the people who visited Las Vegas during the year 1996 gambled.
5. Surveys reveal that 38% of the people who live in the United States have visited Las Vegas, typically to gamble.
6. The game called craps usually has some of the best bets in the casino.
7. Poker tournaments that take place on the Internet and on television have caused the Texas Hold’em variation of poker to have an enormous surge in popularity.
8. There is one slot machine in Las Vegas, Nevada, for every 8 people who live there. In 2005, the estimated population for the Las Vegas Valley is 2 million people. That’s a LOT of slot machines!

Gambling Bits and Pieces

9. Blackjack, or 21 as some people call it, continues to be the most popular table game in both online and offline casinos. It is also the game with the best odds.
10. You will see many versions of video poker in a casino, but every one of them is based upon the game of Five Card Draw.
11. In the English gambling dens during the 18th century, one employee had the unfortunate job of dice swallower. That’s right – dice swallower! He was to swallow the dice if and when a police officer raided the den.
12. If played correctly, video poker can offer some of the best odds in the casino.
13. The first slot machine in the world was invented by a Mr. Charles Fey in the year 1899. He was an automobile mechanic who wanted his customers to have something to amuse them while they waited for their cars.
14. Groucho Marx, one of the Marx Brothers, loved to play poker. He kept his poker money on him at all times, carrying it in a ‘grouch bag”. This is how he got the nickname of Groucho.
15. There are only two states in the United States that do not offer legalized gambling. These are Hawaii and Utah.
16. 57% of people in the United States bought a lottery ticket in the last 12 months. This fact, which was discovered by a Gallup Poll audit on gambling, proves that the lottery is the most popular form of gambling in the United States.
17. 68% of the folks in Las Vegas who gamble play the slot machines.

Fun and Interesting Facts

18. 24% of those living in the USA admit that they have participated in illegal gambling.
19. When studying the percentages of people who visit Las Vegas, it was discovered that the largest percentage group, 22%, was made up of senior citizens, those who are 65 and older.
20. One of the largest slot machine payouts ever recorded took place in Las Vegas back in 1998. A woman who had spent around $300 at a casino that day hit a $27.6 million dollar jackpot! No wonder slot machines are so popular!
21. Most historians have come to the conclusion that the legendary and colorful figure of the Wild West known as Wild Bill Hickock was not a very good poker player.
22. In the United States, it is not possible to take out a patent on any kind of gambling machine.
23. The card game of Texas Hold ‘Em was played for the very first time in a Texas city known as Robstown. This happened in the early 1900s. Texas Hold ‘Em was brought to Texas from Las Vegas by a small group of Texas gamblers.
24. Back in the 1970s, the average age of the people who enjoyed casino gambling ranged from 30 to 55. Nowadays, that age ranges from 17 all the way up to 70.
25. 80% of a survey group said that all gambling should be legal, and that casinos are perfectly okay.
26. A word of warning – You are not allowed to use your cell phone at a gaming table. This is generally true in all casinos. Of course, if you are playing at an online gaming table, you can do what you wish.
27. The largest casino in the world is located on the outskirts of Hartford, Connecticut in the United States. It is called the Foxwoods Casino.
28. Las Vegas has two nicknames – Las Vegas and Lost Wages.
29. Slot machines range from penny slots all the way up to those that range from $50 to $500 for each spin! These high-priced slots are usually located in what is called the ‘High Roller’ room or rooms of a casino. As a general rule, you will not see too many of these machines.

Gambling Facts and History

30. In 2007, more than $170 billion dollars was placed in bets in Las Vegas by gamblers. ‘The House’, or the casinos, won about $7 billion dollars of that money.
31. Online gaming is cool. Where else can you play video poker in your pajamas?
32. Casinos in Las Vegas are under no legal obligation to pay off any of their gambling debts.
33. The state of Nevada in the USA, home of Las Vegas, made gambling legal in the year 1931.

- During that same year, the Hoover Dam was being built by the US government.
- They didn’t want the men who were working on the dam to get involved with gambling, so an entire town, Boulder City, was built as a place for the dam workers to live.
- It was made illegal to gamble in Boulder City in the hopes that these workers would not squander the 50 cents an hour they were being paid.
- Today, Boulder City is the only city in the state of Nevada where it is illegal to gamble.

Fascinating Gambling Facts

34. To this day, the Italians and the French will still argue over who invented the game of Blackjack.
35. Millions of people are using the Internet to gamble 24 hours a day, 7 days a week.
36. Those who play the slots online as well as offline will find that a majority of the time, they will win more often playing online.
37. In horseracing or any type of sports gambling, you need to win a percentage of about 52.4% of the bets you make in order to break even. This is because a commission is charged by the house on every bet.
38. There is no rhyme, rhythm, or pattern to playing the slots. It is almost impossible to predict when you are going to win.
39. When playing poker, the Dead Man’s Hand is Aces and Eights.
40. Most people who take a vacation to Las Vegas gamble for 4 hours a day, each day they are there.
41. Some say that the game of roulette was invented by a man called Blaise Pascal, a French mathematician and inventor. Others say he merely decided what order the numbers would go in.
42. And still others claim that the game of roulette came from China. Another group swears that roulette was invented by a group of Venetian monks! It appears that no one knows the real truth.
43. Even though a line of slot machines may look identical, every one of them looks different on the inside.
44. Dice are the oldest gaming tool available to use today.
45. Blackjack was banned in America back at the turn of the 19th century. Already a hugely popular game, it went underground as folks continued to play it illegally. The ban was lifted in 1939 as Nevada prepared to introduce Las Vegas to the world.
46. Craps is an American game, but was devised as a variation of a European game played in the 17th and 18th century that was known as ‘hazard’.
47. Legend has it that a fellow by the name of Francois Blanc made a bargain with Satan in order to find out the supposed ‘secrets’ of the roulette wheel. The basis of this legend is that when you add up all of the numbers on the wheel, you end up with the number 666, a number that has always represented the devil.
48. Slot machines are capable of revealing millions of possible combinations for every minute the game is played. This is because of the random number generator, or RNG, that is inside the machine.
49. Craps got its odd name from a nickname given to the French Creoles of New Orleans, Johnny Crapauds.
50. There are two types of dice, casino dice and ‘drugstore’ dice. Casino dice are precisely made by hand to insure that they are balanced and are a perfect cube. Drugstore dice are smaller than casino dice, and are made by machinery.

Gambling Facts and Figures

51. Historians have found documentation that tells us Napoleon really enjoyed playing a game or two of 21, or blackjack when he was in exile.
52. If you add up all of the opposing sides of one dice, you will always come up with a total of 7.
53. Roulette has rules that are easier to follow and understand than most other forms of gambling.
54. Video poker has been a part of the gambling world ever since the early 1970s.
55. The game of Baccarat was once played with Tarot cards.
56. Caribbean Stud Poker is a poker variation that is very popular worldwide. It was developed from a 16th century game called Primera.
57. There are 38 numbers on an American roulette wheel, 0, 00, 1 to 36.
58. There are 37 numbers of a French roulette wheel, 0 to 36.
59. Those who live in Nevada bet around $846 each year at the casinos.
60. The game of Baccarat was invented during the middle ages by Felix Falguiere, an Italian gambler.
61. One of the fastest growing forms of entertainment all over the world is casino gambling.
62. There are 11 different ways to make a wager in the game of roulette.
63. The British call slot machines ‘fruit machines’ and ‘one-armed bandits’.
64. The gambling game of strip poker originated in New Orleans, Louisiana around 1830.
65. Backgammon is the oldest recorded game in history. This game, which originated in Mesopotamia, is called by many different monikers.
66. Gambling has become a $40 billion dollar per year industry in just the United States alone.

Things You Probably Never Knew About Gambling

67. Blackjack tables have a little in common with baseball games. The seats at the table that are around the dealer are known as ‘bases’, and are known as first, second, and third base.
68. Baccarat came to Las Vegas in 1959 at the old Sands hotel. It probably was not well like by the hotel owners, as the Sands ended up losing $250,000 the first night on the baccarat tables!
69. There are three different varieties of baccarat. They are called ‘Chemin de fer’, or railway, ‘Baccarat Banque, or Adeux Tableaux, and Punto Banto, which means North American Baccarat.
70. Blackjack team play was invented by a man known as Al Franesco.
71. The zeros on roulette wheels are called the ‘House Edge’. The zeros were originally added to the wheel by its inventor in order to increase the house odds.
72. Caribbean Stud Poker found its way to the United States in the 18th century. It first surfaced in Louisiana, and then spread west.
73. Nowadays, you can learn how to play Craps on your Iphone!

74. A pair of dice has several nicknames. They can be called ‘Boxcars’, ‘Snake Eyes’, ‘Mississippi Marbles’, or ‘Memphis Dominoes’.
75. The fastest growing industry in the world in Indian gaming, which is a $27 billion per year industry in just the United States.
76. The name ‘Blackjack’ was derived from a variation of the original game rules, in which a player who had the black Jack of Spades received a payout.
77. The worst roulette bet, and why? It’s known as the 5 number bet, 0, 00, 1, 2, 3, and once made, the house edge jumps from 5.26% to 7.89%.

78. The game of Baccarat gets its name from the worst hand possible, zero.
79. The original name of Blackjack was ‘Ving-et-un’, which translates into the word ‘blackjack’.
80. The largest win at an online casino was $1, 683,524.64.
81. A sailor had 27 wins in a row playing Craps at a Las Vegas casino back in the 1950s. The odds of this happening are 12,467,890 to 1!
82. The game of Bingo originated in Italy during the year 1530.
83. In Australia and New Zealand, the term “Housie” is used for Bingo.

Gambling Trivia You Never Would Have Guessed

84. In the entire time the game of Keno has been played, a prize of $500,000 has been won four times, two times by the same player.
85. Roulette is the oldest of all casino games.
86. Keno was used in ancient China to raise money that was used to build the Great Wall of China.
87. Keno came to the United States in the 19th century.
88. It is possible to come up with 1,474, 200 different Bingo cards.
89. Playing cards as we know them today first appeared in Europe sometime during the 1300s.
90. Modern Bingo was devised from a game known as Beano. When a player mistakenly called out “Bingo” instead of “Beano”, the name caught on everywhere.
91. A little more than 70% of the high rollers in Vegas who enjoy playing Baccarat are Asian bankers and Asian industrialists.
92. Keno goes back to the Han Dynasty in Chinese history between 205 and 187 B.C.
93. In South America and Europe, the game of Baccarat goes by the name of Punto Banco. Punto Banco is usually a high roller game.
94. The age of the youngest person to win the World Series of Poker main event was a tender 24.
95. It is possible to make 2,598,960 poker hands from a standard 52-card deck.
96. The odds of being dealt the hand known as a ‘pocket pair’ in Poker are 16 to 1.
97. There are only 4 possible Royal Flush hands in a standard 52-card deck.
98. The odds of getting a Royal Flush hand are 649,740 to 1.
99. More than 70 million decks of standard playing cards are sold each and every year.
100. That sandwich you ate yesterday got its name from a poker player. The Earl of Sandwich loved poker so much he was loathe to leave the game table, even to eat. So, he would have someone bring him bread and some meat, and the sandwich was born!
101. The nickname for a pair of 8s in the game of poker is Pocket Snowmen.

Who Invented the Internet – What Is the Future?

Before the Internet was actually the Internet, it was called ARPAnet. ARPA-Who? Yes, it’s a funny sounding name for sure. Especially considering what the Internet is today, literally encompassing every aspect of our lives. ARPAnet is an acronym for Advanced Research Projects Agency Network. In the late 1960s, The Advanced Research Projects Agency and the Department of Defense set out on a mission. They were trying to find a way to simplify communication and share data, but not using the old telephone method of ‘circuit switching’ to transfer voice and data communications. That method was only able to send from one to another in a linear fashion – from end to end.

The ARPAnet once set up, as rudimentary as it was in the beginning (late 70′s, early 80′s) used packet switching which enabled the sending and receiving of communication and data to multiple locations. Thus, TCP/IP communication protocols were born. You can probably thank Robert Kahn and Vint Cerf, often referred to as the Father of the Internet, for that. What started out as a defense project quickly expanded to the National Science Foundation (NSF) and academia – which allowed the sharing of information in real time. In 1989 ARPAnet was shut down, replaced by NSFnet.

First Commercial Use of the Internet

The first public and commercial use of the Internet came when in mid-1989 when Compuserve and MCImail added email service for anyone who wanted it. Next, PSInet setup a commercial section to the Internet backbone. Then by the end of 1990 Tim Berners-Lee came up with HyperText Transfer Protocols, and that should sound very familiar to everyone; HTTP. Next came; HTML, UseNet, and FTP (File Transfer Protocol). The Internet was up and running, and only in their wildest dreams would they have imagined that today just over 4 Billion people are now connected online across the globe – soon everyone will be connected and their lives affected in some way.

The Internet Has Changed the Way We Do Business Forever

Before the Internet, businesses were using fax machines, Federal Express package delivery and Zap Mail, Snail Mail (USPS), and very limited data transfer with Alpha Pagers (very brief text messages for which you could answer Y or N for yes or no). At that time people were upset with Junk Fax advertising, little did they know the future of SPAM was going to take a big bite out of that nonsense – albeit, only to make it a 1,000 times worse. Before SPAM blockers, users wore the letters off the “delete” key within a month after buying a new computer.

The Internet sped up the flow of information and the speed of business to the point that in 1999 Bill Gates wrote a book; Business @ The Speed of Thought. Of course, by the mid-1990s nearly every legitimate business, big and small, either had or was building a website. Why not have an online brochure available 24/7 without having to print and mail out information to potential customers? Yes, the printing industry suffered, print shops across the nation were going out of business, almost as fast as the film-developing sector disappeared with the advent of digital cameras.

The Major Evolutionary Shifts of Commercial Internet Use

Yes, the Internet has changed everything in our world, but nowhere is the shift as dramatic as it is in the business world. From 1990 to 2000, within 10-years everything had changed. It was a chaotic time, yet a time for significant opportunity. There is always opportunity in change. The more rapid the change the more chaos, crisis, and yes, opportunity. Below is a quick list of some of the paradigm shifts the Internet has brought to business;

Commercial E-mail became the preferred method of written communication
Companies, regardless of size, built websites – competing on a level playing field
Interactive websites allowed customers and businesses to conduct business online
Industry Portal Websites sprung up with information in every sector of the economy
Search Engine competition rapidly evolved to serve the instant information needs of consumers
Bulletin Boards then Blogs, brought 2-way open transparent information for business communication
Social Networks and Social Business Networks began to grow
The whole world went mobile with smartphones – the Internet followed – the rest is history
Today, the world’s information is at your finger-tips wherever you are and whenever you want it. Soon, the SpaceX LEO (Low Earth Orbit) Satellite Network System, Starlink will deliver Internet Service to anywhere on the planet, and anyone with a mobile device will be able to access the Internet. Well, that just changes everything, and here we go again. Are you ready for the next wave of opportunity/chaos, aboard the next satellite rocket launch? It’s already here, and deployed. It will come online in 2020. Once again, the Internet does not disappoint – change is the Internet’s only constant. Your business should be constantly exploiting these new technologies
What’s Comes Next? What’s the Next Big Evolution for Business Computing?

This turns out to be an easy one to predict, as industry and the world’s largest corporations are already preparing. Consider if you will The Internet of Things (IoT), Big Data, and AI (Artificial Intelligence) all connected in real time to the cloud, and all that secure data and information ready for anyone anywhere on any mobile device?

Imagine running a factory, supply chain, construction project, hospital, university, financial institution or multiple retail locations and having the exact pertinent information you need instantaneously? Imagine all those systems integrated, systematized, and optimally configured for maximum efficiency – on any job site, location, and the ‘need to know’ information for each team member in real-time.

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