10.11.2006

To Online Gamble or Not to online gamble.

Though Online gambling pose a risk to underage children it may not pose such a threat to our economy according to a Chicago Paper.

"David Carruthers, CEO of BETonSPORTS plc, stated, "Millions of consumersin the U.S. gamble online, and we want to set the stage for hosting a safeInternet site
with sensible regulation benefiting not only the consumer butthe government.
Online gambling allows the government the opportunity tocapitalize on revenues
upwards of $100 billion, which is the amount Americansbet on sports every year
on the street and on college campuses."

This form of entertainment will not online raise money but it would last for a very long time to come. So take way the superbowl pools and illegal gambling going on in the street and just legalize it and give it a name. Though dangers in the hands of those who may not be well informed and mis guided , the rewards would be much greater than the risk.

Children at risk Of Online Gambling

Underage Gambling has been an issue to young adults arriving to Casinos through out the United States with fake I.D and posing as an older individual. Now with online casinos things have been made alot easier. Young Children are given the oppertunity to pose a fake name and adress and yurika!!! Texas hold-em is right there. The anonimity of the internet does make life easier for children to hop the wall of boundaries, as most may pose as their parents in order to play.
"According to a recent study by the American Psychological Association, 4 to 6
percent of children aged 12 to 17 are pathological gamblers, while only 1 to 3
percent of adults are estimated to be problem gamblers. "

If these facts are true than there is a big problem. Now the question might arise whose fault is it. The parents for not keeping a better eye on their children. The online casino marketing team who seems to be pitching an online casino ad to almost every web site...? Maybe both! The study of children and onlibe gambling done by the APA belive that "Children with compulsive gambler parents are far more likely to have issues with gambling themselves. According to the survey 75 percent of problem gamblers' children reported that their first gambling experience occurred before the age of 11. " Now whether it is society to blame, parents or the video games, hey lets just blam Bill Gates, doesnt matter who we blame the consequences may unfotuanetly all together be the same. And this team gabling will be on the rise if something isnt done about it. To read more click here.