The Ethics Of Gambling And Gambling - 1556 Words

There are several concerns regarding the ethics of gambling whether in an online setting or in a public setting. Gambling has many benefits for both gamblers and casinos, but it’s crucial to acknowledge the psychological repercussions of gambling as it isn’t always just â€Å"harmless fun.† We can consider the negative and positive implications of gambling on non-gamblers as well. However, how would ethical theories and perspectives differ in their approach to the effects of gambling? When people think of gambling, they usually see flashing Vegas casinos and large sums of cash. The gambling arena is much larger just as the significance of the effects gambling has on the casinos and people involved. Gambling addiction is a very prevalent factor†¦show more content†¦Utilitarianism suggests that the act that results in the greatest amount of happiness for the greatest number of individuals is the option that we should choose. Whether gambling should be deem ed as an ethical or unethical act depends entirely on the consequences and benefits gambling has on casinos, gamblers, and non-gamblers. If gambling results in the overall increase of a casino’s profit and the overall increase of a gambler’s profit and mental health, then the act of gambling would be considered ethical. However, if the act has more negative implications than positive, then the act of gambling would be unethical. For example, it would be unethical if the transaction between casinos and gamblers was rigged solely for the casino s financial benefit while exploiting those who gamble there. The significant concern of this paper is not to point a finger at casinos and other gambling mediums as a means to blame them for the mental conditions of those who we’d consider as gambling addicts. Instead, the point of this paper is to acknowledge the effects of gambling and propose the importance of responsibility. I will present an unbiased view of gambling, paying close attention to the psychological effects and motives individuals have regarding gambling at casinos. Also, I will look at the positive results associated with having a successful casino business, so that allowing gambling is ethical from a utilitarian point ofShow MoreRelatedEthical Problem with Gambling Essay1509 Words   |  7 PagesEthical Problems of Gambling SOC 120 Michael Pankrast November 13, 2012 The main focus points of this paper are gambling addiction and crimes perspire through gambling activities. Gambling activities are offered illegally meaning that these activities are taken place without legal authority knowing. However, problems arise when coming in contact with gambling. Problems that arise with gambling are mostly crimes and lies. A brief discussion on a theory that may resolveRead MoreGambling and Sports1027 Words   |  5 PagesShould Sports Gambling Be Legalized? 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