While today the gambling industry is massive with whole cities built around it, as the like of Las Vegas and the casino’s themselves have become in many ways economic giants, the cultural phenomena which is betting has existed throughout history. No one has exactly been able to determine the precise point in history when gambling had become a wide spread phenomena, however a number of the games found within casino’s have as a point of origin Europe and China.
Betting or gambling today have become part of the norm that defines society. Individuals have the possibility to bet on anything imaginable, from the traditional games that exist in casino’s whether in person or online, to sports which they themselves can range from races, to fights, football games to even politics such as the presidential race in the United States. With the passing of time betting had become prevalent amongst socities, and the ease with which an individual can engage in the betting process in a legal manner has raised some moral issues as betting is considered as somewhat addictive.
The addictive nature of gambling is still being discussed, however there is no doubt that in some cases it has been detrimental to the lives of certain individuals and it is important that the phenomena is understood in order to safeguard from such consquences. There are has been many speculations that the issues resides with the adrenaline rush that stems from the risk involved, which is at the core of the betting process, in essence, risking something of value for the chance of gaining something of greater value. In many situations this has become a very problematic loop in the lives of certain individuals due to the fact that even when they win, they feel the need to put those very same winning on the line once more for the chance of an even greater reward.