Gambling has been existing in our society through ages. Early civilizations also gambled as a source of entertainment. The field of gambling saw its Renaissance with the development of technology. The latest technology helped in the advent of “Online Gambling”. Computers, laptops and cell phones made it easier for people to sit at home, play and gamble in front of their screens.
How is online gambling a great way for entertainment?
Online gambling or internet gambling includes online lotteries, casinos, bingo, poker, sports betting, etc. The betting money that is won or lost is transferred through credit cards, debit cards, cryptocurrencies, money orders, electronic checks, etc.
Gambling, whether online or offline, has always had a social stigma attached to it- it does not qualify as a decent activity as it can get quite addictive and dishonest as seen in most of the cases. Online gambling has absorbed more density of population since the accessibility to the internet has expanded unimaginably. This population spreads across different age groups and various regions across the world.
What are the disadvantages of gambling?
Online gambling can prove to be a worrying aspect of the online addiction of the current youth. In India, sports betting is the most common and popular form of online betting. A huge influx of gamblers can be witnessed online making huge profits or losses during the infamous IPL Seasons. The losses can be crucial to one’s financial and mental stability. The greed to have more has sunk a lot of gamblers’ ships. To save the youth, India has come up with various complicated laws where access to several online gambling sites has been blocked.
Due to the “online” nature of gambling, land-based gambling is a proven fairer. The online gambling has not only adversely affected the mental health and financial statuses of innumerable gamblers but it has also been exploited by criminals who engage in fraudulent activities. Hacking of bank accounts and money laundering is a very common illegal activity that is going on in the gambling world.
Playing idn poker online has been declared a legal activity in, many countries as it is a game of skills but it is to be mindful that not all sites are trustworthy. Some sites can ask for personal details including bank accounts and can easily misuse it. There have been innumerable cases like these in the present context. It wouldn’t be an exaggeration to point out that online gambling has been one of the growing issues in the realm of cyber-crime.
The one bet for entertainment can cause lifelong trouble having consumed the precious minutes one could have possibly used for a more productive activity affecting our actual and virtual lives in all sorts.