Why do governments allow sports betting?

Betting is a worldwide activity

Betting is a worldwide activity. Whether the governments allow these activities or not, people just can not stop the urge to bet for money. It has always been a dilemma before the governments whether to allow gambling on sports or not. Those who do not allow these activities cite the reasons of long standing social stigmas and adverse socio-economic repercussions of the move associated with it. And, this habit hits the people at the family level really hard. One of the most famous sports in which the betting is being done legally in most of the countries where it is played is that of horse racing .

But, if the betting is really so bad, then why do the governments allow these activities in their countries? Do they feel that they are weak enough to keep a track of these activities and have admitted their defeat in controlling these? Or, is it because of the monetary tightness which pushes these countries into allowing these activities?

The questions are many and never ending. It is also true that in a democratic society the pulls and pressures of the people on the government determine executive actions. So, if the majority of people like to wager, then the government has to duly consider their demands. It can not ignore them.

sports betting is not a total game of chance dependant solely on the luck factor. It can be reasonably well researched and won. The outcomes of the sporting events have a high chance of correct predictability. By that logic, sports betting is not a total and blind gamble.

And, what is wrong in government earning some revenue out of it, if people want to wager? Why to lose the tax revenue? If the people have to wager any way and there is no stopping them, then why not make it legal? In fact, the higher incidence of taxation shall permit only the financially well-off to wager. The countries and regions where this is allowed make substantial tax revenue.

Many critics opine that the allowing these activities will criminalize the society more. The ability of the law enforcement agencies to control criminality has been a major success of the countries which have allowed these. Strict laws and tight enforcement have kept criminal interference away from the operation of horse racing betting and other types of sports betting. With criminals away, the stage sets open for the general public to come forward to wager without any fear.

Yet another important factor which goes a long way in allowing wagering is that of the well educated masses. It is not just the high literacy rates but also the ability to weigh the pros and cons of engaging in this wagering activity which gives the required confidence to the governments to allow these with suitable controls.

The combination of a number of factors in the social, economic, legal and executive domain leads to the permission being granted for sports betting to go on in the country. The implications of the measure are fully weighed before allowing the bookies to operate legally.

Why do governments allow sports betting?

By: betezy PL

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