Social Gambling
Gambling without making a profit might sound like a pointless activity, but I can assure you — people do it, and they don’t care about money. Why? Because they don’t pay, so they don’t have anything to lose or gain. These gamblers care only about the social part and thrill of playing, without the risk of draining their finances. Instead of visiting traditional walk-in casinos, they choose online social gambling games that are free of charge and anxiety.
- (1) In any prosecution for an offense described in section 712-1223, 712-1224, 712-1225 or 712-1226, a defendant may assert the affirmative defense that the gambling activity in question was a social gambling game as defined in section 712-1231(a).
- But social gambling is still brand new, and it’s still growing. It’s currently a $3.4 billion niche market with experts estimating it’ll reach $4.4 billion by 2017. It makes up 4% of the overall $91 billion social gaming market – which is comparable to traditional gambling. The point is this: social casino gaming is a.
- The Social Impact of Problem Gambling Published: Wednesday, 16 April 2014 by Finding money to gamble is usually the most immediate and obvious issue which brings with it enough problems, but in addition an all consuming compulsion to gamble at any cost leads to difficulties which affect employment, quality of life, family relationships.
Gambling for Fun
Online gambling dates back to the 90s, so it doesn’t seem like something new, but here’s this: it was never ever free. Gambling is based on lending your money and hoping to get back more, that’s why it’s always been a risky activity, associated with danger and deception, bankruptcy and addiction. The social part of gambling has always been overshadowed by the fear of losing money, but the emergence of social media gave an alternative for people who just want to have fun, make some friends and build connections while playing cards, sharing and updating their progress.
Actually, most social gamblers discovered this humble pleasure through Facebook, where most of the action happens. Ever got an annoying invitation for a game of cards? Well, lots of people accept them, which results in these games collectively attracting over 11 million users a day. In the last 6 years the social casino market has tripled, and now it’s worth more than $4 billion. Games like Zynga Poker and Slotomania have a devout cult following that’s growing every year.
People do social gambling, because it’s relaxing, stress-relieving, provides mental stimulation and social interaction. Most social gamblers do it on their phones or tablets, so it’s a fast and independent way for some quick entertainment. Actually 14% of social gamblers spend up to an hour gambling at work, and most of the players are about 40 years old. We’re also used to men being hardcore, whiskey-drinking gamblers in casinos, but that’s not the case with social gambling, because almost half of the players (46%) are women.
Social Gambling Allowed: The question here is whether playing for money in a purely social context is allowed. A “social context” usually means that no player or other person, like a bookie or the host of the game, makes or earns anything other than as, and on an equal footing with, a mere player in the contest or game. The social casino bases its games on sweepstakes in order to pay out real cash winnings. Social Gaming and Regulation. Interestingly, despite games like Chumba World being developed Down Under, under the Australian Interactive Gambling Act 2001 both social gambling involving purchases and real-money online gambling are prohibited.
Social Gambling Florida
Social Gambling By State
Read also about The Influence of Artificial Intelligence on Online Gambling
Hidden Cost of Social Casinos
For some people social casinos are the only way to gamble, for example, most Middle Eastern countries prohibit gambling with real money, but free gambling is a mostly unregulated grey zone, kind of similar like carpooling in some countries. That’s why social casinos are becoming very popular in this part of the world. Generally speaking, the popularity of social casinos shows that gambling isn’t just about winning money — for lots of people it’s also an important social ritual that was undermined for a long time. Social gamblers search for success, not for profit.
Social gambling games are a modern phenomenon, because they contradict the very nature of gambling, which is based on profit, and they’re completely free to play. You’re probably already raising eyebrows, thinking how companies make money if they don’t charge any fees. Most of their profit comes from selling ads and in-game benefits, boosters, coins and virtual goods. Believe it or not, but 20% of players use real money to buy enhancements, because it makes the game easier and more fun. So, the social casinos are sort of for free, but you often end up spending something, without the opportunity to win it back.
Social Gambling Definition
Real vs Social Casinos
Social gambling games are great, because it lets you practice in a safe environment with people that you trust, but it doesn’t accumulate any real profit. This also raises a linguistic dilemma. The term ‘gambling’ literally means playing, when there is money or other possessions at stake. Maybe we can’t even call it gambling anymore if there’s nothing to lose?
It’s difficult to compare social casinos and the real thing, because it’s like comparing ice cream and ghost peppers. Social gambling is a comfort zone for people who want fun, but don’t want to risk too much, whereas real casinos are for the more adventurous money-seeking players. They’re just different experiences. Social gambling games are exciting, because they’ve filled up a hole in the market by offering a fresh perspective on gambling and competition in general. If you want to find out more about building and maintaining social casinos, check out our website.
The gambling industry is fast becoming one of the most popular industries across the globe. Unlike some decades ago, where gambling was restricted to certain countries like the United Kingdom, most countries in the 21st century are embracing gaming.
Of course, not every country still allows betting and gambling sites because of the impact they think it might have on their citizens. Nevertheless, other countries like the UK cannot do away with it because they have seen the effect of gambling on the Gross Domestic Product of the country.
Some countries like the United States may have either listened to the cry of the gambling fanatics in their country or may have seen the benefits of betting and gambling to their economy. Betting laws and regulations are slowly being implemented and loosened to incorporate this new trend.
Within the next decade, gambling will have encompassed across the globe. So why is this industry spreading like wildfires? What impact does it have on our society and our economy?
Well, in this article, we will look at some of the negative social and economic impacts of gambling and hope that it will give you a new perspective towards gambling. So keep reading.
Social and Economic Impacts of Gambling
Before we get to the individual impacts, we want you to understand that there is positive and problem gambling. Positive gambling is well-controlled by the government, and the gambler is not addicted to the game.
On the other side, problem gambling is a type of gambling whereby the player is much addicted to the game. Every money they get, they drain it to casinos and sport betting sites. This can be a very devastating effect on one’s family and economy.
This kind of gambling goes as far as affecting the friends and the society of the individual involved in such dubious action. This could be the reason why most governments are still static in allowing gambling to their nations. Anyway, here are some impacts of gambling:
1. High financial costs
For a person who has become addicted to gambling, they can do anything as long as they will participate in a bet. Sometimes money will not be available at the moment, and they end up borrowing to sustain their behavior. That should tell you why most families and individuals are into huge debts.
At times it can get even worse where the individual remortgage their house or car and end up losing the money. If they cannot cope with their massive debts, they may opt to empty their banks, which eventually makes them bankrupt.
In case the individual in question is involved in some malpractices and is aligned in court, then there will be more financial costs that his family and the society will carry.
2. Leads to Criminal Activities
Sustaining the gambling behavior when you are addicted is one of the most challenging things to do especially if you don’t have money and you are jobless. In this case, the society and individuals around you will suffer.
Some addicted gamblers will choose to steal from their family members and society to uphold their character. Such end up in jails or rehabs, which is an extra burden to the society.
3. Negative health implications
Can you imagine losing your house or car which you had placed on a very promising bet? That can be very devastating. If you are strong and optimistic, you will not commit suicide. Nevertheless, you will need close monitoring to overcome stress and depression.
Often, gamblers who are addicted to this behavior tend to develop both mental and physical health issues.
4. Family breakdowns
Families have broken down while very promising couples have divorced, leaving their children in a dilemma of following their father or mother. The poverty that develops when a parent is gambling eventually causes trauma to innocent children. Some may be forced to drop out of school because there is no money for their fees.
5. Give rise to vices in the society
A society ought to be full of values and virtues that govern everyone in the community. However, addicted gamblers will tend to play smart by stealing or lying to people. Since they cannot tell the people that they need money for gambling, they become crafty and start lying.
6. Leads to Suicide
Here is a gambler who practices problem gambling. He uses the last amount he had on a certain casino slot and eventually loses all the money. Eventually, they will find themselves unworthy of living, which can lead to suicidal thoughts. When some compare living with debts and broken families, they choose to end up their lives.
From the above impacts, you can know why there are so strict rules and laws governing gambling in some countries. With the above in the society, the country will no way progress. Problem gambling should never be allowed in any country, and countries should set up an option for players to block themself from gambling like Denmark and the United Kingdom have done.