Category Archives: sports gambling

sports gambling

Don’t Bet on It: Sports Gambling in America

They have been steadfast in opposition to the spread of legalized sports betting, most recently with regard to New Jersey’s effort to resuscitate Atlantic City by following the Nevada “sports book” model. We will see this trend continue.

. It is time to legalize, regulate and tax it.

How will politicians react to Silver’s proposal? If President Obama likes the idea — he dutifully fills out his bracket each March on the NCAA basketball tourney — then for sure the Republican majorities will oppose any change in the law. They should come prepared with an answer.

There can be little question that sports gambling is a vice — much like drinking and playing the lottery. No one has suggested that this fact of the sporting life be abolished, even if it were possible. We are now experimenting with legalizing marijuana for recreational use.

What then are the chances that the other sports leagues and the politicians will go along with Adam Silver’s proposal? In the short run, I would not bet on it.

Gambling on sporting events is legal throughout most of the world.

Adam Silver’s approach calls for federal legislation that would allow states to decide whether they would authorize sports gambling. The sports establishment is vigilant in protecting the integrity of the product, and it will remain so if gambling is legalized, regulated and taxed.

We have entered a new phase of American history where some folks have begun to realize that prohibiting certain vices is foolish or just ineffective. Few turn on the games, especially football, without knowing the betting line. So far, the Rocky Mountain high has not caused Denver to rise about its mile limit. Were this to be enacted, state sports gambling would spread like the lottery. Once the states impose their regulations and their taxation on this activity, gambling on professional sports in America will be universal.

Gambling on professional sports will go on whatever we do. To recognize the reality that hundreds of billions of dollars are bet annually — and illegally — on sports is an enormous breakthrough even if the NBA is the only sport to recognize the fact. What Silver has done is to present the issue for public discussion.

This Blogger’s Books and Other Items from…

We now await input from the commissioners of the football, baseball and hockey leagues. For some, the greatest joy comes from gambling on the uncertain outcomes of these contests. However, we have passed the point of trying to decide whether gambling on sports provides some sort of benefit to society. The availability of gambling online makes that easy to accomplish.

NBA Commissioner Adam Silver’s op-ed in the New York Times calls upon Congress to change the nation’s laws to adopt a federal framework that allows states to authorize betting on professional sports. Adam Silver is right. At the same time, all team sports have discovered the marketing advantages of adopting fantasy games, some of which approach sports gambling when a participant can chose a new team each week. It is a courageous position for a sports commissioner to take. Alcohol continues to cause much more harm to society than illegal narcotics, but we learned the hard way that Prohibition generated far more problems than it solved. Perhaps fair-minded individuals will see the proposal for what it is — an effort to respond to reality and minimize some of the unfortunate consequences of having to place bets with a bookie in violation of the law. There is no reason to think that were Congress to give its consent in a fairly short period of time we would see a “sports book” in almost every jurisdiction. Of course, gambling depends upon the games remaining unfixed. I would be surprised if the other commissioners follow Silver’s lead, but they will be asked. Only five states do not have a state lottery, but even some of those states have casino gambling. Professional sports think that gambling means that their games will not be decided on the merits, that fixers will invade their enterprises and cause spectators and fans to lose interest in patronizing their entertainment businesses. It is ubiquitous

Sports betting

“Sports News”. “Sport” Sullivan was an American bookmaker and gambler from Boston, Massachusetts who helped to initiate the 1919 Black Sox Scandal.

Other

Bookmakers usually hold an 11-10 advantage over their customers–for small wagers it is closer to a 6-5 advantage–so the bookmaker will most likely survive over the long term. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so. This series would go down as one of the biggest sports scandals of all time.

Interestingly for New Jersey, in a national poll released in December 2011, Fairleigh Dickinson University’s PublicMind asked voters whether they “support or oppose changing the federal law to allow sports betting” in their respective states. The PublicMind’s 2010 national survey found that 67% of Americans did not support the legalization of Internet betting websites in the United States whereas 21% said they would support legalization.[17] The National Football League is fully against any sort of legalization of sports betting, strongly protesting it as to not bring corruption into the game. Opinion divided, but majority give the state the green light to allow sports betting in defiance of federal law (press release)

^ Fairleigh Dickinson University PublicMind Poll “US Public: Keep Las Vegas in Las Vegas” press release (March 2010)

^ Shriver, Roger. Krista Jenkins, director of the poll commented; “Although support is not overwhelming, these numbers suggest the public is cautiously behind the goal of moving forward with legalized sports betting.”[16]

Cricket

Booing

Cheering

Crowd abuse

Pitch invasion

Trash-talk

Violence

Songs

Event programme

Pennant

Supporter scarf

External links

Contents

Barra brava

Casuals

Hooligan firm

Roligan

Supporters’ trust

Tifosi

Torcedor organizado

Ultras

From Wikipedia, the free encyclopedia

Sports betting is the activity of predicting sports results and placing a wager on the outcome. Half of New Jersey voters (52%) said that they approved the idea of legalizing sports betting at Atlantic City casinos and racetracks, 31% opposed it. “NFL and ICC’s Stance on Betting”.

^ Finley, 2008

^ “Famous Cricket Spot-Fixing and Betting Scandals”. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. However, in a progressive parlay, unlike a regular parlay, a reduced payout will still be made even should some of the bets lose.

Teasers. NJ Voters Favor Sports Betting, but not Tax Credits for Meadowlands Developer (press release)

^ Fairleigh Dickinson University’s PublicMind, (April 18, 2011) Odds Favor NJ Referendum on Sports Betting (press release)

^ Fairleigh Dickinson University’s PublicMind, (February 21, 2011). 12 June 2013. 50: GAMBLING”. Dr. This bet can be placed on the spread(Line) or over/under. American Gaming Association.

^ ABC News. For him to win his bet, Miami would have to win the game by 4 points or more. Results showed that nearly half (45%) of voters wanted to allow sports betting, while (38%) decided to wait and allow sports betting once Congress allows it. Although the common stereotype is that these bookies were of Italian descent, many leading bookies were of eastern European ancestry.[3]

The probability implied by the odds should be greater than the true probability for each possible outcome to guarantee positive expected profit.

If the wagers on each outcome are made in ratio to the implied odds, then the bookmaker is guaranteed a profit (balanced book).

Legality

Aside from simple wagers (for example, betting a friend $20 that one’s favorite baseball team will win its division), sports betting is commonly performed through a bookmaker (bookie) or through various online Internet outlets. In general, most sportsbooks will prefer this type of wager due to the low win-probability, and also the longer period of time in which the house holds the player’s money while the bet is pending.

Head-to-Head. Retrieved 20 October 2014.

Stadium anthem

Football chant

Fight song

Sportsbetting has resulted in a number of scandals in sport, such as the 1919 World Series, the alleged (and later admitted) illegal gambling of former MLB player Pete Rose, and former NBA referee Tim Donaghy, effecting the integrity of sports events through various acts including “point shaving” (players effecting the score by missing shots), bad calls from officials at key moments, and overall match fixing (“the fix is in”).

In areas where sports betting is illegal, bettors usually make their sports wagers with illicit bookmakers (known colloquially as “bookies”) and on the Internet, where thousands of online bookmakers accept wagers on sporting events around the world. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. On the other hand, the CEO of the International Cricket Council believe sports betting, in particular in India, should be legalized to curb illegal bookies where match fixing has occurred from nontransparent bookmakers. The favoured team pays lower odds than does the underdog.

Spread betting are wagers that are made against the spread. Voters were asked whether New Jersey should allow sports betting even if federal law prevents it from doing so, or wait to allow sports betting until federal law permits it. “Sports betting should be legal in the Garden State”. Only Rose has yet to be reinstated.

^ “18 USC Ch. In addition, there was a significant gender split: a majority of men approved of the idea by a wide margin (65-21), while only 39% of women approved and 41% opposed.[9] The October results were stable, reflecting an earlier poll in April 2011 where New Jersey voters approved the legalization of sports betting in the state by a margin of 53%-30%. This creates a number of other criminal elements, thus furthering their illegality.

Other

Sporting man culture

Sports mascots

Sports-related curses

Terrace (stadium)

Types of Supporter

Other

Joseph J. However, nearly two-thirds (66%) of voters were not aware of the upcoming statewide referendum on the issue. An if bet consists of at least two straight bets joined together by an if clause which determines the wager process. Peter J. It must also be noted that both bookmakers use other methods to increase profits by enticing bettors with greater winnings at higher risk to the bettor (teasers, parlays, adjusting point spreads, etc.).

Actions

Associated activities

Many of the leading gambling bookmakers from the 1930s to the 1960s got their start during the prohibition era of the 1920s. US odds of 100 are an even bet.

Decimal

Fractional

US

Hong Kong

Indo

Malay

Implied probability

1.50

1/2

-200

0.50

-2.00

0.50

1 in 1.5 = 67%

2.00

Evs (1/1)

+100

1.00

1.00

1.00

1 in 2 = 50%

2.50

6/4

+150

1.50

1.50

-0.67

1 in 2.5 = 40%

3.00

2/1

+200

2.00

2.00

-0.50

1 in 3 = 33%

Conversion formulas

x

To

Do this

Decimal

Fractional

x-1, then convert to fraction

Decimal

US

100*(x-1) if x>2; -100/(x-1) if x<2

Fractional

Decimal

divide fraction, then x+1

Fractional

US

divide fraction, then 100*x if x>=1; -100/x if x<1

US

Decimal

(x/100)+1 if x>0; (-100/x)+1 if x<0

US

Fractional

x/100, if x>0; -100/x, if x<0

Decimal

Hong Kong

x-1

Hong Kong

Indo

x if x>=1; (1/x)*-1 if x<1

Hong Kong

Malay

x if x<=1; (1/x)*-1 if x>1

In the United States of America, it is illegal to operate a betting scheme, except in Nevada, Oregon, Delaware, and Montana.[5] In many European nations, bookmaking (the profession of accepting sports wagers) is regulated but not criminalized. Martin’s Press ISBN 1-57954-927-6

Thompson, William (2001). To attempt to make wagering on the underdog desirable, the bookmaker will give them points. For example, a bettor could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. In the above example, if the bettor chose Miami, he would subtract 3 points from Miami’s final score and compare that to Oklahoma City’s final score. Fractional odds of 1/1 are an even bet. (For instance, Mickey Mantle and Willie Mays were both banned from baseball in 1983 after taking jobs as casino greeters (which would have expelled them from the Hall of Fame had it been allowed to stand); they were reinstated two years later. This bet is placed only at halftime of a particular sporting event. The violations were outstanding between October 2009 and July 2010 after The Tennis Integrity Units had launched an investigation on behalf of the International Tennis Federation and the ATP and WTA tours. Journal of Prediction Markets. They are the ratio of the amount won to the stake – the solidus “/” is pronounced “to” for example 7/1 “seven to one”. 19 June 2014. Expected Values and variance in bookmaker payouts: A Theoretical Approach towards setting limits on odds. These are wagers offered as alternatives to straight-up/moneyline prices in baseball, hockey, or soccer, respectively. Woolley, professor of political science and director of the poll commented on the findings, “Gambling has become, for good or ill, a national industry, and you can bet that politicians and casinos all over the country are closely following New Jersey’s plans.”[8] In a different study released by FDU’s PublicMind in October 2011, results showed that New Jersey voters thought legalizing sports betting in New Jersey was a good idea. A 2nd half (Second half) bet is also sometimes called a halftime bet. This is the most common type of bet in sports.

Proposition bets are wagers made on a very specific outcome of a match. 26 May 2010. However, voters who already live in households where family members (including themselves) engage in sports betting had a strongly favored legalization of sports betting (71%-23%), while voters in households where sports betting is not an activity, opposed legalization (46%-36%). The many types of bets include:

Corruption in tennis has been long considered as issue.[22] In 2011, the former world No. Examples include predicting the number of goals each team scores in a handball match, betting whether a player will score in a football game, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team.

Parlays involve multiple bets (usually up to 12) and will reward a successful bettor with a large payout. The NCAA has threatened to ban all playoff games in Delaware if the state allows betting on college sports.[6] New Jersey, which is also interested, has been similarly threatened.[7]

Clothing

On December 7, 1980 the San Francisco 49ers overcame a halftime deficit of 28 points in what became the greatest regular season comeback victory in NFL regular season history. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on Association Football (Soccer), American Football, Basketball, Baseball, Hockey, Mixed Martial Arts, and Boxing at both the amateur and professional levels. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will ensure a profit regardless of the outcome of the wager. They take bets “up-front”, meaning the bettor must pay the sportsbook before placing the bet. Retrieved 22 June 2013.

^ “How Hansie Cronje became most infamous villain in cricket’s fixing scandals”. Decimal odds of 2.00 are an even bet. In addition, on August 2010, he facilitated betting by placing odds for matches and had links for placing bets.[23]

Cheerleading

Haka

Hooliganism

Sports betting

Sports tourism

Tifo

In 2012, despite federal law preventions, the state legislature of New Jersey and Governor Chris Christie signed a law that would allow sports betting to take place in New Jersey race tracks and Atlantic City casinos.[15] In August 2012, Fairleigh Dickinson University’s PublicMind conducted a study on the issue. ABC News.

^ PressofAtlanticCity.com

^ a b Fairleigh Dickinson University’s PublicMind, (December 19, 2011). Gambling in America–An Encyclopedia of History, Issues, and Society Santa Barbara, CA: ABC-CLIO ISBN 1-57607-159-6

Notes

Barmy Army

Beer wench

Beer snake

Sledging

Collegiate sport rituals

Jocks

Kiss cam

Surf culture

Tailgate party

1 Types of bets

1.1 United States of America

. This is similar to parimutuel wagering in horse racing and dog racing.

2nd half bets. Many of the illegal proceeds also allegedly go to fund terror, drugs and other illegal activities.[18]

Retrieved from “https://en.wikipedia.org/w/index.php?title=Sports_betting&oldid=736909018″

North American sports

The majority of legal sportsbooks are found online, operated over the internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. For example, in the NBA, when two teams play each other, one is perceived as being more likely to win. Sports Scandals Westport, Connecticut: Greenwood Press ISBN 978-0-313-34458-9

Boyd, Kier (1981). The scheme was discovered when Delhi police recorded illegal dealings between Indian bookmaker Sanjay Chawla and Cronje. Age proved to be a divide: Voters between the ages 18-34 were more likely to approve of sports betting than older voters. According to the Telegraph in 2010, Cronje was paid off a total of £65,000 from Gupta.[21]

General topics

In setting Odds, the bookmaker is subject to a number of limitations:[4]

The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. (Boyd, 1981)

Types of bets

See also: Glossary of bets offered by UK bookmakers

United States of America

Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). Just as many voters approved (42%) as opposed (42%) allowing sports betting. A teaser allows the bettor to combine his bets on two or more different games. Newsworks.org.

^ Fairleigh Dickinson University’s PublicMind, (August 21, 2012). Illegal bookies, due to the nature of their business, can operate literally anywhere but only require money from losing bettors, creating the possibility of debt to the bookie from the bettor. To determine who wins against the spread, the line is either added or subtracted from a team’s final score. They are the ratio of the full payout to the stake, in a decimal format. The resulting bet that is placed is won or lost only on the points scored by both teams in the second half only.

In-play betting. My Prison Without Bars St. As always, a lot depends on who actually shows up to vote.”[10] In February 2011 FDU’s PublicMind released a poll which showed that half (55%) of voters agreed “that people bet on sports games anyway, so government should allow it and tax it.” On the other hand, approximately (37%) of New Jersey voters concurred that betting on sports is “a bad idea because it promotes too much gambling and can corrupt sports.” Again, by a significant margin (70%-26%) that voters who already engage in sports betting in office pools tend to be more supportive of legal sports betting than other voters.[11] Donald Hoover, FDU professor in International School of Hospitality and Tourism Management and former casino executive commented on the results; “Betting on sports is not an uncommon practice for many New Jerseyans, but for the most part, the state doesn’t supervise it, doesn’t tax it and doesn’t take any revenue from it.”[12] In 2010 a national poll, results showed that voters opposed sports betting in all states by a margin of 53-39. Betting the Line Columbus, Ohio: The Ohio State University Press ISBN 0-8142-0880-0

Finley, Peter (2008). “N.J. European format (decimal odds) are used in continental Europe, Canada, and Australia. In these bets, bettor predicts competitors results against each other and not on the overall result of the event. The line read: Miami -3, Oklahoma City +3. The term book is a reference to the books used by wagebrokers to track wagers, payouts, and debts.

Arbitrage betting

Betting pool

Financial betting

Friendly political wager

Parimutuel betting

Point shaving

Sports betting systems

Statistical association football predictions

Wagebrokers both legal and illegal make a profit by taking a percentage of all money bet, called a vigorish (vig), juice, rake, or action. As the story goes, professional gambler Joseph Sullivan paid eight members of the White Sox (The players involved were Oscar Felsch, Arnold Gandil, Shoeless Joe Jackson, Fred McMullin, Charles Risberg, George Weaver, and Claude Williams) around 10,000 dollars each to fix the World Series. Retrieved May 27, 2012.

^ Rob Tornoe, for NewsWorks (17 August 2012). In totalizators (sometimes called flexible-rate bets) the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. The Federal Wire Act of 1961 was an attempt by the US government to prevent illegal bookmaking.[1] However, this Act does not apply to other types of online gambling.[2] The Supreme Court has not ruled on the meaning of the Federal Wire Act as it pertains to online gambling.

In Asian betting markets, other frequently used formats for expressing odds include Hong Kong, Malaysian, and Indonesian-style odds formats. Moves Towards Legal Sports Betting This Fall, in Time for NFL Season”. Retrieved 7 November 2014.

^ “Daniel Koellerer banned for life”. 1. Legal sportsbooks take vigorish from bettors of both teams, paying a winning bettor a little under 2/1 in an even contest. By the beginning of the third quarter, notorious Vegas bookmaker Frank Rosenthal received forfeiture notices from 246 San Francisco bettors totaling more than $25,000 in premature winnings. All eight players were banned from playing professional baseball for the rest of their lives.[19]Pete Rose, the all-time MLB leader in hits, was similarly banned from baseball in 1989 for betting on games while he was a MLB manager.

Baseball uniform

Casuals Fashion

Hockey jersey

Football Kit

Moneyline bets do not have a spread or handicap. A progressive parlay involves multiple bets (usually up to 12) and rewards successful bettors with a large payout, though not as large as normal parlays. Successful bookmakers must be able to withstand a large short term loss. Odds are also quite often expressed in terms of implied probability, which corresponds to the probability with which the event in question would need to occur for the bet to be a break-even proposition (on the average).

Cultures by sport

See also

Odds

Famous betting scandals

Fan loyalty

Philosophy of sport

Racism in sport

Spectator sport

Sports fan

Sports rivalry

Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as “bookies”. house.gov.

^ Fifth Circuit ruling – PDF file

^ (Davies, 2001)

^ Cortis, Dominic (2015). Before game 5 of the 2012 NBA Finals, the Miami Heat were expected to beat the Oklahoma City Thunder. If any of the four bets fails to cover, the bettor loses the parlay, but if all four bets win, the bettor receives a substantially higher payout (usually 10-1 in the case of a four-teamer) than if he made the four wagers separately.

Progressive parlays. In-play betting is a feature offered by some online sports books that enables bettors to place new bets while a sporting event is in progress.

Bookmaking

Main article: Bookmaker

2 Bookmaking

3 Odds

4 Legality

5 Famous betting scandals

6 See also

7 Sources

8 Notes

9 External links

Media related to Sports betting at Wikimedia Commons

The Cronje Affair was an India-South Africa Cricket match fixing scandal that went public in 2000.[20] It began in 1996 when the-then captain of the South African national cricket team, Hansie Cronje, was convinced by Mukesh “John” Gupta, an Indian bookmaker, to throw a match during a Test in Kanpur, India. Modern research has suggested that the claims of betting were unsubstantiated.

Many on-line tools also exist for automated conversion between these odds formats.

In 1919, the Chicago White Sox faced the Cincinnati Reds in the World Series. 31 May 2011. Legalized Sports Betting in New Jersey

^ Fairleigh Dickinson University’s PublicMind, (March 11, 2010). Sports Betting, Sure Thing; Internet Betting, Nyet! (press release)

^ Fairleigh Dickinson University’s PublicMind, (April 20, 2009). Woolley commented: “But…younger voters… 9.

^ “Sports Betting”. Rosenthal was able to retain these winnings despite the final outcome of the game due to gambling regulations previously established by the NAGRA.

Betting on the Favorite, an 1870 engraving published in Harper’s Weekly

Sports memorabilia

Supporter Culture

v

t

e

Association football culture

Australian rules football culture

Sources

Davies, Richard (2001). While all sports wagers are by definition on future events, bets listed as “futures” generally have a long-term horizon measured in weeks or months; for example, a bet that a certain NFL team will win the Super Bowl for the upcoming season. Sometimes you can also bet a “tie”, in which one or both drivers either have the same time, drop out, or get disqualified.

Totalizators. Retrieved 22 June 2013.

^ “No sport easier to fix than tennis”. Woolley commented on the results: “If some states allow sports betting and profit by it, other states will want to follow.”[13] Yet by December 2011 after NJ passed its sports betting referendum the national measure shifted to 42-42.[8] In January 2012, New Jersey Governor Chris Christie signed legislation allowing sports betting in New Jersey after it was approved in a nonbinding voter referendum in 2011 and he announced on May 24, 2012 that he plans to go ahead and set up a system of wagering at the state’s racetracks and casinos this fall, before the National Football League season ends.[14]

A 1906 betting scandal between the Massillon Tigers and Canton Bulldogs, two of the top teams in professional American football in the early 1900s, led to the demise of “big-money” professional football for several years. These bets feature a fixed point spread that (usually) offers a higher payout for the favorite and a lower payout for the underdog (both in comparison to the moneyline).

Future wagers. 55 Austrian tennis player, Daniel Koellerer, became the first tennis player to be banned for life for attempting to fix matches. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another. Gambling Technology Washington, DC: FBI Laboratory

Rose, Pete (2004). They were often descendants of the influx of immigrants coming into the USA at this time. One example are Formula One races, where you bet on two or three drivers and their placement among the others. The National Law Review. Illegal bookies, however, pay the winning bettor even money while making the losing bettor pay the vigorish exclusively. US Public: Keep Las Vegas in Las Vegas (press release)

^ Coffey, Sarah (May 25, 2012). A Nation of Bettors? (press release)

^ Fairleigh Dickinson University’s PublicMind, (October 10, 2011). Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. If the player’s first selection complies with the condition (clause), then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.

Run line, puck line, or goal line bets. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as Horse Racing, Greyhound Racing and illegal, underground Dog Fighting.

The rule against gambling in baseball is known as “Rule 21,” which is publicly posted on dugout walls and states: “Any player, umpire, or club or league official or employee, who shall bet any sum whatsoever on any baseball game in connection with which the bettor has a duty to perform shall be declared permanently ineligible.” People permanently banned from Major League Baseball are also forever banned from entry into the Baseball Hall of Fame, although most such people have been reinstated a few years later by a later Commissioner of Baseball. In 2004 and 2006, Koellerer was banned for six months due to his bad behavior. UK format (fractional odds) are used by British bookmakers. Such a bet must be made before the season starts in September, and winning bets will not pay off until the conclusion of the Super Bowl in January or February (although many of the losing bets will be clear well before then and can be closed out by the book). The bettor can adjust the point spreads for the two games, but must get all the games correct to win and recognizes a lower return in comparison to parlays.

If bets. are far less likely to vote than other voters..

Gambling Addiction: How To Identify Your Child Has A Gambling Problem by Joseph McNamarra

This is no longer the issue of money when teenagers excessively monitor sports results or become overly excited at the outcome of sports events. The following points convey some signs that your son or daughter may have a gambling problem:

Although Joseph McNamarra writes for http://www.gambling-portal.com which is a guide to online gambling, he was shocked to find that his son suffered from adolescent gambling. These acts are usually followed by aggression and loss of control as repeated unsuccessful efforts to put their lives back on track.

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When your child loses interest in other activities he once enjoyed and is preoccupied with gambling-related activities, this is another warning sign of adolescent gambling problem. They interpret the meaning of the word gambling as entertainment or a challenge and it is your job as a parent to teach your children the real value of gambling.

Joseph McNamarra

Parents often feel that they know their children very well and that any visible sign indicating the smallest problem will immediately receive full attention and treatment, however, it is not always the case. Teenagers become hostile towards their family members and friends so they would not have to deal with their problems. Developing a trusting relationship with your children, balancing their need for independence with your need to monitor their attitudes and behaviors related to gambling is a good start, but if you think the problem is severe, seek professional assistance.

Children tend to tell occasional lies to their parents when they feel stressed or try to conceal something, but when these lies become inconsistent on a daily basis, it is a symptom indicating bigger issues. In the same way that you have provided guidance on important issues in the past, you can influence your children about gambling. Even the most caring parent not always has the ability to check whether his child prepares his homework or engages in gambling activities.

Gambling Addiction: How To Identify Your Child Has A Gambling Problem

 by: Joseph McNamarra

 . Our parents grew up thinking that gambling was wrong, but our children are growing up with gambling is as easy as going to McDonald’s. Since, he has involved himself in helping other parents prevent this addiction in their children.

Parents should acknowledge the fact that not all people who engage in gambling activities are compulsive gamblers. This is the right time and place for the parent to interfere and to do what ever it takes to discover the source of the problem in order to find appropriate tools for its treatment.

When your child develops drastic changes in academic performance and spends a lot of time browsing the internet, you have every right to question his motives. Since not all teenagers work after school or have the ability to work, parents convey the primary financial source of all the necessities. Unfortunately, parents are not some super heroes with special powers because in most of the cases even a healthy communication within the family is not sufficient to detect a problematic behavior on time. In more severe cases, adolescences commit illegal acts in order to finance gambling habits. For the first time in history, gambling is available close to home and now even inside of teenagers’ rooms. Responsible parents, who keep track of banking accounts, usually know the exact amount of MP3 players or cell phones their sun or daughter have, what simplifies the “counting” process.

This article was posted on September 07, 2006

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About The Author

 

Mood swings and intolerance characterize typical adolescent behavior due to physical and mental changes, but when gambling controls these mood swings, it destroys any acceptable lines of healthy behavior.

Gambling problems are no longer the trademark of adult addictive behavior; on the contrary, it is becoming an increasingly widespread and damaging social and health problem around adolescents. Teenagers use money for gambling that was intended for something else or bet money they do not even have. This article provides some useful keys to help parents in early identification of gambling compulsion.

Missing personal belongings or inability to cover regular expenses, which later on develops into borrowing money from family members or friends for gambling purposes communicate another warning sign of gambling addiction. If a parent listens carefully, it will not be very difficult to find little inconsistencies in child’s speech