Gambling and its different types of gambling

different types of gambling

1. Sri Ramakrishna College of Arts & Science Coimbatore – 06. Topic: Gambling in Investment M.VADIVEL Assistant Professor Department of B.Com PA Sri Ramakrishna College of Arts & Science Coimbatore . M.Vadivel

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5. Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money or material goods. M.Vadivel

6. Three types of Gambling Recreational Gambling Problem Gambling Compulsive/Pathological Gambling M.Vadivel

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8. Definitions : Recreational Gambling: Only for fun and does not have a negative impact on the individual or the family. M.Vadivel

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11. Problem Gambling: Gambling has a negative impact on the individual, family & work; but the individual is still able to function at a minimal level. M.Vadivel

12. Pathological gambling Pathological gambling is being unable to resist impulses to gamble, which can lead to severe personal or social consequences. Compulsive and habitual gambling can destroy a person's life. He likely suffers personal problems and financial ruin, with problem gambling sometimes leading to a life of crime. A compulsive , or pathological , gambler is someone who is unable to resist his or her impulses. This can lead to severe consequences M.Vadivel

13. Types of Gambling Games Lottery Bingo Card Games Skill Games (bowling, pool, golf) Sporting Events Horse/Dog track Casino Games On-line Wagering Stock market M.Vadivel

14. Pros of Gambling Tourism Employment Better health Charity Entertainment Tax revenue M.Vadivel

15. Tourism Lavish casinos are often seen by people from out of town as a great weekend or vacation destination because they provide them an avenue for their gambling hobby, normally a fun experience. People in countries such as United Kingdom, Italy, etc indulge in the gambling activity for fun, pleasure and relaxation M.Vadivel

16. Employment More jobs are created in casino-hosted regions. The world’s biggest gambling destination in Las Vegas, Nevada, attributes over 60% of its city employment towards casino-based jobs alone. it also supports over 100,000 jobs in British economy M.Vadivel

17. Better Health Gambling has been shown to help older people and retirees drastically reduce their health problems. They aren’t as likely to suffer from depression, alcoholism, or bankruptcy as older people who don’t gamble. M.Vadivel

18. Charity Charity organizations use gambling to raise revenue is by holding large Bingo games, having lotteries or raffles, and by holding charity poker events. some schools out there hold events such as a casino night to build money for their yearly operations. M.Vadivel

19. Entertainment Gambling can provide quite a thrill to those that do it and the prospect of winning money is always an added bonus. Many casinos provide customers with a vast array of shows to make the gambling experience even more fun. M.Vadivel

20. Tax revenue Economic impact of betting industry, in terms of direct and indirect influence, is to the tune of 6 billion pounds ($9.3 billion) . casinos have to pay taxes that are above 20% just based on their total revenue, this is normally far more money than other businesses are going to be brining into their area. M.Vadivel

21. Cones of Gambling Financial strain Depression Criminal Activity Impact on childrans M.Vadivel

22. Financial Strain Personal savings and income Money is taken from other economic uses, investment, and charities Poverty is reinforced because poorer gamblers take greater risks in the hopes of a big win M.Vadivel

23. Depression Because of tension in mind that you have lost a great amount of money which can cause a disaster in both your professional as well as personal life. Depression can later leads to Use of alcohol, sleep, or drugs to escape from tensions . M.Vadivel

24. Criminal Activity Addictive gamblers often resort to burglary, theft, larceny, embezzlement, and similar crimes to get cash. As with criminal activity, the chance for greater rewards than ordinary employment is a disincentive to the work ethic. M.Vadivel

25. Impact on Children's Parental gambling has negative effects on children. Parental gambling is linked to inadequate coping skills, relationship and behavior problems, increased potential for children to become problem gamblers when they grow up M.Vadivel

26. Thank You…. M.Vadivel