¶ … sports betting. Discussed are the problems with the betting, players getting gifts from betting agents, and effect of sports betting on the economy. Seven sources are used.
Sports and Betting
More Americans play more sports than in any other country in the world. Moreover, we watch more sports than anyone else on earth. Football and figure skating, two sports that could not be more different have drawn the biggest TV audiences in history. Sports bind us together as Americans. It has the ability more than just about anything else to tear down the barriers of race, class, gender, politics and geography (McDonald 1998). Sports is part of our national culture. It's part of our national conversation. A waitress at the local cafe talks Friday-night football with the cop and the banker. A Democratic gardener, trimming the greens at the country club, discusses golf swings or last week's tournament with a Republican attorney. Soccer parents talk goalies and the high school jocks talk about steroids and scholarships (McDonald 1998).
Sports and betting have gone hand in hand for centuries throughout the world. People in the United States have been gambling on sports since there has been organized sports, and some claim it can be traced back in this country for roughly four hundred years.
Americans bet billions of dollars, legally and illegally, on sports every year. It has become a huge underground part of the economy. Ninety-five percent of sports gambling in the United States occurs illegally. It's untaxed and unregulated. Nevada is the only state where college sports betting is legal (http://www.unr.edu/alumni/profile.asp?ID=5).
Sports history is filled with scandals. Many of them read like a novel or Hollywood script and some have actually been immortalized on films, such as the 1919 fix of the World Series, known infamously as the Black Sox Scandal (Krystal 2002). "Baseball's darling "Charlie Hustle" Pete Rose was banned from baseball after gambling on his own team. The most timely example, however, is that of the case of the alleged pressure on a French figure skating judge to award the gold medal to the Russian doubles team rather than the Canadians. The problems associated with sports, however, reach beyond the professional level in the form of gambling on college athletics"(Krystal 2002). Sports betting has become a great threat to college athletes, as illegal college bookies thrive on college campuses around the country. They threaten to take down student athletes in violating both NCAA regulations and state bans on gambling according to testimonies heard before the House of Representative's Committee on Energy and Commerce (Krystal 2002). There are stories of athletes losing scholarships and even expulsion, but the most dangerous effect of all of this is the damage to the true spirit of the game. Sports are the ultimate culmination of guts and glory for athletes and spectators alike, and allowing that spirit to be marred and endangered by gamblers is unpardonable (Krystal 2002).
College athletes are not paid salaries to play as are professional athletes. The fact that others profit or lose money based on their performance puts undue pressure on them to perform beyond reasonable expectations, whether they are in on the gambling or not. And in cases where athletes themselves are in on the wagering, the outcome of the game already has been predetermined. This destroys the spontaneity and excitement of a fair match. "Coaches and players may become the target of verbal and even physical confrontations on the street or even in the arena in encountering an irate gambler who lost money in a wager" (Krystal). For athletes and spectators alike, sports are the ultimate culmination of guts and glory. Allowing that pure embodiment of spirit to be debased and endangered by gamblers is unpardonable (Krystal 2002).
A recent study by Jeremiah Weinstock, a graduate student in psychology at the University of Memphis, found that possibly one out of every four male college athletes are engaging in illegal sports betting. And one in 20 places bets directly through illegal bookies. Moreover, the study found that sports wagering activity is actually higher among ordinary students, as much as 39% among male non-student-athletes. However, there wasn't any statistical difference between athletes and non-athletes and their involvement with bookies (Strow 2000). Weinstock's study involved three Midwestern universities. He surveyed 648 student-athletes and 1,035 students, both male and female, A full seventy percent of the student-athletes at the three universities were surveyed (Strow 200).
Student-athletes are very similar to students...
With respect to the second criteria, it has also been found that betting exchanges deliver more accurate odds than bookmakers. This is to be expected, since betting exchanges are based on open market principles while bookmakers control their markets. The bookmaker's spread will negate any advantage the bookmaker will have in setting odds vis-a-vis the market. Indeed, the market's ability to set better odds than bookmakers has to do with
Sports Wagering -- Who is Involved and Why? Gambling and sports have gone together for over a century, according to a new book called Sports Ethics for Sports Management Professionals, so this is not a new phenomenon at all. But to quote from the book, "Gambling in sports is replete with unethical motives and practices"; and indeed the authors go on to point out that gambling "…is a form of cheating,
Track Betting in Sports - the Pros and the Cons There is no doubt that first of all, thoroughbred wagering is a huge sport in the U.S. And elsewhere; and there also is no doubt that off-track betting (OTB) has become a very popular form of gambling, not only in the United States, but all over the world. Like any issue involving money, the public, and potential harmful habits that
It's a personalization of the professional sports world, and this personalization over time has helped to legitimize the "amateur" world of college athletics. Another major catalyst for college sports developing and evolving away from the "amateur" label is the fact that the rise of sports betting on college teams has been quite dramatic over the past two decades. There is little doubt that college athletic competitions are heavily wagered on,
Scandal/Controversy in Sports The following will take a look to see if scandal and controversy benefit sports. Background of Sports Industry and Scandals Sports in the U.S. is a multi-billion-dollar industry. Companies try to engage with clients by aligning the services and products they offer with this well-known industry via sports funding and endorsement. The benefit of this involvement has been well-recorded in the sports marketing literature (Hughes and Shank, 2005). The effect
Sports and popular culture (NFL/NBA) Prelude Pop Culture Popular culture entails all forms of mass communication such as: Newspapers Radio Magazines Music Books and Cartoons and comics Advertising It is somewhat different compared to higher forms of cultural art such as: Classical music Artworks Conventional theatre In terms of mass communication, popular culture means messages which are intellectually and artistically limited primarily designed to entertain and humor the viewers (Hollander, 2014). Following the industrial revolution, the people had a lot of time to spare
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