Gambling: Advantages and Disadvantages

When it comes to gambling, people have a dual mindset about it. More than 1 Billion people participate in gambling every year. They consider it to be fun and thrilling. On the other hand, some people consider it a taboo. Due to their religious beliefs and moral values, they highly condemn gambling. Different people have a different opinions on gambling. Well, before you decide if it’s good or bad, let’s see the pros and cons of gambling.

Advantages of Gambling

Let’s have a look at the bright side of gambling.

• Economic Growth: A casino creates plenty of Job opportunities for people. Also, money earned by the casino is paid back in the form of tax to the government. New infrastructure is built, and security is enhanced. This all leads to economic growth.
• Winning Money: People gamble with the sheer motive to win money. It is one of the easiest sport to make money with. There are professional gamblers who have mastered the art of gambling. They make a living out of gambling. You can go from rags to riches in a second.
• Fun and Entertainment: Gambling is more than money. It is a lot more fun and entertaining than other games as it involves chance. It creates a sense of thrill among the players as the odds can turn at any moment.

Disadvantages of Gambling

Let’s take a glance at the dark side of gambling.

• Addiction: This is the biggest problem with gambling. You start playing for fun, and then you get addicted. People waste all their time gambling and can’t seem to stop themselves. Some people use professional help to reduce their gambling addiction.
• Illegal Gambling: Illegal Gambling is a serious offense. In some places, gambling is considered illegal, but still, people run underground illegal gambling businesses. It is a threat to the economy.
• Loss of Money: Gambling is a game of chance, so there are more chances of losing money than winning. Due to their greed, some people incur serious losses in gambling. Often times they fall into a debt trap.
• Gambling Related Crimes: Number of crimes have increased due to gambling. Crimes like Money laundering, fraud, and theft have increased because of gambling.
• Moral Decay: Casinos and gambling come with alcohol, drugs, crimes, Strip clubs, and whatnot. These factors lead to social and moral decay.

Now you know the advantages and disadvantages of gambling. You are free to choose if you wish to try or stay away from gambling.