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Negative Effects of Gambling

Six to eight million people in America are estimated to have a gambling problem.

? The costs of treating compulsive gamblers are huge. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. This proves to be detrimental to their social and family life. In spite of the losses incurred, they continue betting. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. It only leads to a thoughtless expenditure of money and valuables.

? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.

? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.

? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.

? Problem gamblers and addicts tend to abuse their family members. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? They start borrowing money and take secret loans. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

? People continue gambling with the greed of winning money. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. Thus, gambling can have a grave economic impact which is difficult to reverse.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.

? Research has shown that gambling can lead to harmful behavior in people. The greed never ends and they keep betting more and more. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. It soon becomes a habit that can’t be broken.

? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.

? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.

? A majority of those addicted to gambling have substance abuse disorders.

? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. ? According to a study by the George State University, 50% of the problem gamblers commit crime. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Some go that way to forget the sorrow of losing big sums when gambling.

Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

? Gambling is practiced as a means of recreation. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. Forget satisfaction or peace, it is not even refreshing in the real sense. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

? Addiction to gambling has been linked with substance abuse. Because of this, they land in worse situations and take the wrong decisions in life.

? The addiction to gambling can leave one in bankruptcy. Due to lost mental peace, they may ill-treat their spouse and children. It can drag you into crime, gambling isn’t fun.

? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.

? Gambling has proven to be addictive. It causes a decline in his/her work performance, thus hampering his career.

Compulsive gambling leads to bankruptcy

You could be at gunpoint or holding the gun. They engage in gambling activities at the cost of their time with family and friends. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.

? Additionally, rehabilitation and public assistance systems are taxed.

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. Sports betting and arbitrage betting are the other types. Their mental state can even lead to suicidal tendencies.

Gambling = Thoughtless Expenditure + Waste of Time

? Gambling can lead to criminal activities. The two go hand in hand. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

? Gamblers often exhibit mood swings and a strangely secretive behavior. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family

12 Effective Tips to Get Rid of Gambling Addiction

He may lose his job and may commit crimes to get money for gambling. Addiction to gambling at a young age increases the risk of suicide. But studies show that suicide attempts are usually made by older people with problem gambling. As he spends more gambling, he requires more money to recover his losses. Despite being aware of the serious negative consequences, or despite having a strong desire to quit, he cannot stop himself from gambling. Study results show that a gambler who has not been treated for compulsive gambling during his desperation phase is likely to commit suicide. He lies to his family and friends, borrows money, and loses control over his mind and behavior. Researchers have noticed increased rates of mental health disorders in gamblers with severe ludo mania. ‘Problem gambling’, also known as ‘ludo mania’, can destroy the life of the gambler and also of his/her family members. Gambling addiction is referred to as ‘compulsive gambling’ or ‘impulse-control disorder’, where the behavior of the gambler is similar to that of a person who has substance addiction.

When an individual realizes that gambling is destroying his family and social life, he thinks of quitting, but in just a few hours or within a couple of days, he is again found in a gaming zone or casino. Here are some useful tips regarding lifestyle changes to get rid of a gambling addiction.

. To experience the same excitement, he needs larger wagers or more frequent gambling.

There are chances that he has other psychiatric problems at the same time; for example, substance use disorder, mood and anxiety disorder, personality disorder, etc. When a gambler with severe ludo mania meets certain criteria, the condition is diagnosed as ‘clinical pathological gambling’. Analysis of casino customer data may help identify problem gamblers, but casino owners do not share this data for fear of losing their most lucrative customers (may be 25 – 50%)

Centaur Galileo, Sports Betting Hedge Fund Inspired By Mark Cuban, Collapses

A recent paper from two Yale professors found that hedge funds may have played a larger role in the financial crisis than many originally thought. “The question really is, which gives the opportunity for a better outcome?”

Centaur, a London-based investment company, launched its Galileo fund in 2010 based in part because of an idea Cuban proposed in a 2004 blog post — creating a hedge fund that invested in sports bets.

“When you think about betting on sports, there really is far better information about your local sports team than there is about any local business in your market. “That’s far better than we get from public companies.”

“We have unique software we’ve written over five years that ensures we purely trade on statistics and probabilities,” Woodhams told CNBC in 2010. “The process is very clinical, which is our edge.”

That’s a notion with which Tony Woodhams, Centaur’s managing director, previously said he agreed.

Though Galileo wasn’t a traditional hedge fund, its collapse may highlight some of the risks inherent in others, which aim for high-risk, high-reward investments, sometimes with large-scale consequences. In his blog post, Cuban argued that because the sports betting market is less efficient than other markets, anyone who applied a “smart money” strategy to investing in it would have a good chance at success.

Financial crisis or not, another study, this one by Princeton researchers, found hedge funds to be “far riskier and provide much lower returns than is commonly supposed.” In other words, lots of the bad stuff without so much of the good.

Despite Woodhams’ confidence, it appears that there may have been some red flags indicating Galileo was headed down a bad path, according to Wager Minds. The localTV station gives a report about every game.

Mark Cuban is an undeniable idea machine. But one of his boldest ideas yet may have proven too hot to handle. There areradio stations who cover them for hours at a time [sic],” Cuban added.

Galileo, which required a minimum of roughly $135,000 to be come an investor, used a number crunching system that the founders argued allowed the fund to bet on sports with much more accuracy than the casual gambler, according to the Los Angeles Times. They are right. The fund was regulated by Gibraltar’s government, instead of the British government.

. Gambling isgambling [sic],” Cuban wrote in his blog at the time.

Cuban’s original idea for a fund similar to Galileo revolved around the idea thats sports provided more information to investors than actual American companies. John Paulson’s hedge fund, for one, has been tied to claims that Goldman Sachs purposefully created financial instruments they assumed likely to go bust — and then bet against them. It didn’t last very long, however, as the fund appears to have collapsed on Monday, according to Wager Minds. At this point, the reason for the fund’s collapse is reportedly still unknown.

“It’s not unusual to hear people refer to trading stocks as no different than going to Vegas. The local papers cover the team every day

Legalized sports gambling would be winning bet for NBA & NFL

But New Jersey might not get a long-lasting edge.

Leagues have opposed sports betting because of the possibility it could compromise their games’ integrity — a concern ever since the thrown World Series in 1919. “That’s where we’re going to see it pay dividends.”

Related: Sports gambling vs. He says the casinos hope the problems can be resolved in time for the Super Bowl in February. Chris Christie declared sports gambling decriminalized in casinos and racetracks.

“Everybody knows here that if you have a gentlemen’s bet or a small wager on any kind of sports contest, it makes you that much more…engaged in it,” Silver said at a sports forum in New York. States surrounding New Jersey all have casinos, and could act to legalize sports betting if they thought the Garden State was winning big.

CNNMoney (New York) First published September 9, 2014: 3:18 PM ET

Legalized sports gambling would be winning bet for NBA & NFL – Sep. What New Jersey hopes is that the opportunity to bet on football and basketball will bring in bettors who also throw a few bucks into slot machines and at blackjack tables. The National Football League and Major League Baseball declined to comment.

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NMLS #1136

NBA Commissioner Adam Silver recently said it’s inevitable that legal sports betting could spread beyond Nevada, the only state that now allows it.

Even if the obstacles are cleared, sports betting is not likely to be a cure for Atlantic City’s casino problems. This week, Gov. That’s the main reason that despite being an attractive and growing market, no major sports team is based in Las Vegas

The first state poised to try to join Nevada is New Jersey, where casinos are tumbling into bankruptcy and cutting thousands of jobs.

But an attorney for the state’s casinos, Lloyd Levenson, says there are federal obstacles to legalized sports betting that need to be resolved. 9, 2014 by Chris Isidore   @CNNMoney September 9, 2014: 5:26 PM ET

Don’t bet on that lasting. And he hinted that his league might be less opposed than in the past, primarily because of the interest gambling generates.

In Nevada, the sports books are the least profitable part of the casinos, accounting for just 2% of revenue. the stock market

NBA spokesman Mike Bass wouldn’t say if Silver’s comments represent a formal change in policy in the league.

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Newport vs. Newport H2-Which Keen Sandal is Better

Keen makes a wide variety of sport sandals, hiking shoes, and casual shoes but Keen is best known for their outdoor sport sandals. Look at your specific needs and desires in a sport sandal and then decide which Newport Sandal works best for you.

Sport sandals are nothing new, but in 2003 the unique toe bumper guard was introduced and the shoe became very popular. Keen Newport H2.

Some people do not like the rubber nose guard that Keen has on their sandals, but it does protect your toes. If you are looking for a cool shoe that can be worn with or without socks that is well ventilated yet also will protect your toes more than a basic pair of flip-flops then take  a look at all the great sandals available by Keen.

Other people prefer the H2 because their feet do not sweat as much as compared to the leather Newport. The Keen Commuter has an SPD insert so you can attach cleats if you like to be “locked in” while cycling.

The Newport and the Newport H2 are very close to being the same shoe. You do not have to be a hardcore athlete to enjoy the comfort of these sandals. The Keen Newport was the first true sport sandal that was designed to protect your toes.

Both the Newport and the Newport H2 are excellent choices in sport sandals. Whether you choose the leather Newport or the lighter weight Newport H2 is usually just a matter of choice.

The Keen Newport does not dry out as fast as the Newport H2 sandal, but it is more durable in some aspects then the Newport H2 which has a synthetic upper. The Newport beats out the Newport H2 in durability because of the side piece. The problem with the Keen Commuter is that it is built way to narrow, even for a cycling shoe. Keen has proven to be one of the most popular sandals on the market and are taking a lot of market share from Teva. On the Newport it is one piece of leather where as on the H2 the synthetic upper is stitched into the side which can loosen over time.

Both sandals are very popular and you really cannot go wrong with each choice. Most people will not experience the separation problem with the Newport H2 but it can happen.. The leather Newport is designed as a sport sandal, but it is often used as daily footwear for many people regardless of their conditions.

There are many great Keen sandals available, as well as Teva and other brands. The design difference means that the Newport H2 will be lighter in the water. The leather, as is the entire sandal, is designed to be submersed into water. Most people are choosing the Newport H2 over the leather Newport, but you should be happy with either of these Keen sandals.

Sales of the Newport H2 dwarf the sales of the Newport. Keen advertises that you can wash any of their sandals in the washing machine including the leather Newport.

Do you prefer a lighter sandal or do you like the feel of real leather? Do you get you sandals wet and then rapidly get out of the water or are your feet submerged for long periods of time? Either sandal performs great in the water but the Newport H2 will dry out faster than the Newport. After reading this then you will have a better idea on the Keen Newport vs. Both of these Keen sport sandals have their outsoles sipped which helps to provide excellent traction in wet conditions. Both of these sandals grip extremely well, even in wet conditions.

has proven to be a popular sport sandal that is used for many activities including boating, hiking, sailing, cycling, and many other activities. The leather is designed as waterproof so it will resist attempts at shrinking cracking and rotting. Here are the 2most popular Keen sandals. The reason many cyclists choose the Newport over the Newport H2 is because of the thread separation problem that occurs on some of the H2 sandals after extreme use. Many cyclists use Keen sandals, but will usually opt for the Newport tor the Newport H2 over the Commuter model sandal.

The Keen Newport sports a leather upper that is waterproof. The Newport is the foundation that the entire Keen shoe company was built on. The Newport H2 is also designed a little bit different with the midsole. The Newport will retain more water in the EVA midsole so it will feel slightly heavier when you’re in the water and also when you initially leave water and walk around.

The Keen Newport was the first footwear designed and sold by the Keen shoe company. The continued eveolution of the basic sandal will continue with new and innovatie features introduced each year.

have been all the rage among outdoor enthusiasts they continue to strip market share from other outdoor sandal providers such as Teva. The leather Newport with the one piece leather on the side has no seams with thread to come loose so it is much more durable in the long run then the H2 model.

The Newport H2 is lighter than the leather Newport, but some people choose the leather Newport over the synthetic upper of the Newport H2 for comfort. Many long time wearers of sport sandals abandoned their Teva or Nike ACG sport sandals for the Newport. Keen and Teva continue to compete against each other and this benefits everyone who wears sandals. Some Keen sandal wearers swear that the leather is more comfortable than the synthetic upper.

The Newport H2 is very durable overall, but if you are hard on sandals then you can expect the sewing to loosen on the side after 6 months to a year of heavy wear. Both of these sport sandals break in quickly and will mold to your feet. Most people are buying the Newport H2, but the Newport is still a great sandal. The Keen Newport has a rubber bumper to protect your toes which also works great to shield your toes from the wind if you are cycling in them.

If you are a cyclist and are not spending a lot of time in the water then the original Newport is the sandal you may choose to purchase. The Keen Newport is now in its’ 9th year and is still a huge seller, but the Newport H2 drastically outsells the original Newport.

If you are a cyclist Keen also makes a sandal designed specifically for you with the Keen Commuter. The main differences lie in the upper material. The Keen Newport first arrived on the market in 2003 and took the outdoor community by a storm

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