Essay On Gambling And Gambling

Statistics and Gambling

According to Dictionary.com the definition of statistics is “The science that deals with the collection, classification, analysis, and interpretation of numerical facts or data, and that, by use of mathematical theories of probability, imposes order and regularity on aggregates of more or less disparate elements.” We see statistics is our everyday lives, especially in places you would not expect to see it. One place statistics is majorly seen is in gambling. Gambling is pretty much a game of statistics. Your chances of winning are based off of statistics, also the payout rates are also based off of statistics. Almost every part of gambling can be related to statistic in one way or another.

What is gambling? Dictionary.com describes gambling as “the activity or practice of playing at a game of chance for money or other stakes.” You can gamble with almost anything from sporting events to actually going to a casino. You don't always need money to gamble, you can gamble with anything that is of worth to the person you are gambling with. Studies show that about 85% of people have gambles at least once in there life. Many people have there own views on gambling and it can become a serious problem for some. Gambling has and will probably remain important to the people of out society.

One of the Main ways people gamble is with the lottery. The probability of winning the jackpot prize in the Massachusetts power ball is 1 in 175,223,510. The odds of dying from a bee sing are 1 in 6.1 million, which means you are more likely to be killed by a bee than win the lottery. Even with the chances of winning being so low, a little more than half of our population continues to play everyday. CNNs website has a article w...

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...em, children born to parents with addictions to gambling are more likely to develop a problem. Statistics have shown that “Most compulsive gamblers are men, but the problem is growing among women. African Americans have a higher rate of compulsive gambling than whites, and the rate is about twice the average among those living within 50 miles of a casino. The poor and people with limited education, exposed to tempting visions of unattainable wealth, are particularly susceptible.”(Problems Gambling) There is treatment and programs for people with gambling addictions, and the odds of a person recovering from a gambling addiction are high.

Whithin the past couple of years, online gambling has become very popular. There has been some problems that had come up because of this. The major problem seen with online gambling is the addictions rate has increased drastically.