Gambling At Horse Racing

Gambling is the betting of money on an outcome that is wholly or largely random. From ancient time, throwing a dice has been a form of gambling. There is also gambling at established markets; a cotton market is an example. In modern time, gambling has extended into many fields. For instance, speculation on a soccer game is nothing but gambling. Gambling at horse races is very common and millions of money change hands in a day's race; and for every one gain there may be thousands of losers. For example, the men and women populate at the storefronts; when the results of a race are announced, there is no cheering. Most of them silently drop their tickets to the floor or ripping them up; a few unenthusiastically shuffle over to the payoff window.

Gambling may be defined as taking an artificial risk, hoping for excessive gain far beyond what the investment of time, money, or skill would justify. When a man plays cards by way of gambling, he thinks he can make some quick and easy money. Funfairs are gambling places. People come to make some quick money. Horse racing is a licensed gambling. Thousands of people go to the races and bet their money on this horse or the other. There are race addicts, who come and bet, without even realize that"horse racing is carried out mainly for the delight and profit of fools, ruffians and thieves" (George Gissing 236). These are the people who can least afford to lose money. They should be protected from the temptation to gamble because "Gambling promises the poor what property performs for the rich something for nothing" (Bernard

The major benefits of gambling usually come from profits and tax revenues from the casinos as well as possible price effects such as higher wages or housing prices in the local area. Today, we see increasing acceptance of gambling. The fund-raising through raffles, bingo, and even Las Vegas Nights keeps many churches from openly opposing to gambling; the government can hardly call gambling a social menace because most states run lotteries. It should also be recognized that many communities legalized casinos due to the poor economic conditions that were prevalent in the area and the lack of viable alternatives solution to boost their depressed economy. Consequently, in some of the communities the casinos provided needed jobs, which reduced the unemployment rate that had been an intractable problem; it also reduced the caseload of some social service agencies. However, all of these don't bear the weight of justification, because "the view is very generally accepted is not a sufficient reason for accepting it as true" (Tom Regan 688). In fact, the economic benefits of casinos are often exaggerated. The problems associated with casinos (e.g. crime, gambling addiction) outweigh the economic benefits. In any case, an immoral industry is not justified by the fact that it creates employment. Jobs could be created through many other industries that cause fewer moral and practical problems (e.g. theme parks). A major