Is Gambling A Moral Business Model?

Previous anti-gambling arguments focused on the perceived immorality and considered gambling as a sin against God, the society and family. Modern arguments on the other hand, consider gambling as a diseases rather than as a sin. This means that criticism for gambling is directed at the gambling industry, which is condemned for taking advantage of the weaknesses of the gamblers. The opposition to gambling is because it increases family disruptions, domestic violence, increase crime rate and increased use of drugs. However, when gambling is done in moderation there are positive consequences that outweigh the bad consequences. This paper will argue that gambling is a moral business model.

Gambling is an act of wagering an item of value on the premise that a certain outcome will occur. It involves placing money at a risk in the hopes of gaining more. Gambling does not necessarily oppose to the rights theory but the widespread legal restrictions on gambling is consistent with the conclusion that gambling is wrong because it goes against the duty of a steward of a property. As such, the state has the right to protect public morals and it has the duty to restrict gambling activities. This

Gambling addiction also increases the rate of divorce as most gambling addicts end up divorced. Stress from liabilities associated with the addiction, especially demands to pay debts increases conflicts within families. Gambling addiction also leads to the loss of a lot of money. Unlike a moderate gambler, an addicted gambler does not engage in the activity for pleasure but with the prospects of making a huge return. Such motivation makes an individual make irrational decisions about gambling activities. Such irrationality can result in excessive spending in gambling activities. It will also encourage the individual to engage in other illegal activities in order to satisfy the