Pros And Cons Of Gambling - 1282 Words

Pros/Cons of Gambling Gambling definition- â€Å"The betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation.† Some gambling games are craps, roulette, baccarat, blackjack, and trente et quarante. Some of the things people bet on are horse racing, dog racing, and dog and rat fights. Casinos often have musical shows, lighted fountains, shopping centers, and lavish hotels. Games of chance include slot machines, blackjack, roulette, craps, keno, and baccarat. Casinos may also have restaurants and stage shows. Casinos consider â€Å"good†Ã¢â‚¬ ¦show more content†¦Some gambling game’s rules can depend on skill and chance so that players can manipulate the game to win. With other games, like lottery tickets and slot machines, having knowledge of th e game has very little use. Casinos have existed since the 17th century. Congressmen would gamble in the 1800s. Lobbyist would pay off debts for congressmen to get their votes. Full-scale gambling became legal in 1931 in the US. Hawaii and Utah are the only states that don’t have legalized gambling. Early US presidents George Washington, Thomas Jefferson, Andrew Jackson, and Andrew van Buren all enjoyed gambling. Washington bet on horse races and cards. Thomas Jefferson publicly opposed gambling and called it â€Å"the devil’s game†, but he did gamble. Andrew van Buren bet money and clothes that he would become president. American colonists employed lotteries to raise funds for military defense, as Congress did in 1776 when they organized a lottery of five million dollars in prizes to help fund the War for Independence. In 1748, Benjamin Franklin organized a Pennsylvania lottery to help buy military supplies. Studies show gambling as a source of jobs and tax rev enues, and the activity is seen as entertainment for the public. The spread of gambling across the United States has not taken business from Las Vegas; it has only stimulated a greater boom for our region’s economy. Three inventions allowed gambling in America to expand into a majorShow MoreRelatedPro and Con of Liberalized Gambling in Texas7402 Words   |  30 PagesEfforts are once again underway in the legislature to bring casino-style gambling to Texas. It’s an idea that has failed in recent legislative sessions, but backers are hoping they’ve found the right formula for success in 2009. There are many appealing arguments on the side of pro-gambling groups. Keeping gambling money that is now going to Louisiana and Oklahoma in Texas is one popular idea. Reviving the state’s horse-raising industry by allowing slot machines at racetracks is another. 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Gambling is a form of excitement that by definition is putting a value at risk. Gambling usually takes place in casinos’ in Las Vegas, in different forms, for instance, poker, slot machines, blackjack and etc. Some of these games require skills and some is pure chance. However, the profit that customers make by participating in gambling significantly lower than the profit that casinos’ make. Due to the fact that