Gambling: Let’s Find Out Some Basic, Real Facts!

Gambling: Let’s Find Out Some Basic, Real Facts!

Gambling usually refers to putting money, or something valuable at stake on an uncertain outcome of a game, contest or any such event. A person’s primary intention behind this activity is typically acquiring money or other valuables.

It more often than not comprises the following three elements:

  • Consideration – regarding the wagered amount.
  • Risk – by taking the chance.
  • Prize – the winning amount or material.
Gambling: Let’s Find Out Some Basic, Real Facts!
Gambling: Let’s Find Out Some Basic, Real Facts!

Moreover, it has become an international commercial activity in the present day world. According to official figures and records, the global market of legal gambling garnered more than US D 335 billion in 2009.

How And When Did Gambling Come Into Being?

It traces its history back to the Paleolithic period, which was popularly known as the Old Stone Age. In other words, gambling came into existence long before any written history was developed or recorded. Moreover, there is an earliest six-sided dice present in Mesopotamia, Western Asia’s historical region (within the Tigris). According to well-grounded sources it dates back to 3,000 BC.

Furthermore, the following is some information on the region-wise history of gambling:

Gambling in China

Gambling houses were present in China during the 1st millennium BC, which encompasses the Iron Age. Wagering on fighting animals was the most common form of gambling in those times. However, dominoes and lotto games started appearing in China at the beginning of the 10th century.

In Great Britain

It has always been one of the most sought after recreational activities in the United Kingdom. For the last three centuries, horse racing has been Britain’s favorite medium of gambling. Moreover, the United Kingdom also has some of the best casinos in the world.

In the United States

Like in the United Kingdom, it has been one of the most popular pastimes for centuries in the United States as well. However, by the end of the 20th century, the law started treating it with leniency.

Why Do They Call It Bad And Addictive?

The game can be completely harmless and non-addictive for many people across the world. It can, however, turn into a serious issue for others. It can give rise to a certain kind of compulsive behavior in people which is usually referred to as gambling problem or gambling addiction.

Gambling: Let’s Find Out Some Basic, Real Facts!
Gambling: Let’s Find Out Some Basic, Real Facts!

Being a progressive kind of addiction, it can engender many issues about a person’s emotional, mental as well as physical health. Apart from this, some more information about the addiction is as follows:

  • This kind of addiction falls into the category of an ‘Impulse-Control Disorder’.
  • It can cause a great deal of harm to a person’s thinking process and quality of life.
  • According to official records, the United States had over 5.77 million untreated gambling-disorder patients in 2012.
  • It is currently one of the most important public health concerns in many countries across the world.

To conclude it is always advisable to use your common sense while playing such games, as most people often lose their entire wealth while playing this game.

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