How Adolescents Gamble
Gambling is the wagering a thing of value against an uncertain future with an aim of winning something from the bet. This type of wager can be categorized as both a game of chance and also as an exchange of financial resources. In games of chance, like the lottery, the outcome is pre-determined by a random number generator. In games of chance, there is little or no uncertainty and the outcome is pre-determined, while in games of skill, the uncertainty is introduced by the elements of the game such as skill, tactics, luck, etc.
In contrast, in betting, the risk to the wager is dependent on the uncertain outcomes and so, the chances of wining are relatively small. However, the uncertainty of the outcome is dependent on the extent of the bet, the amount wagered, the type of bet, etc. Thus, gambling involves both chance and skill.
The basic types of gambling are the table games like card games, craps, bingo, roulette, etc., and the machine games such as poker, craps, blackjack, etc. These are games of chance, which means that the outcome is pre-determined. In most cases, the house edge on gambling is around two to ten percent; hence, it is considered small. The house edge on most online gambling games is below one percent, and this figure is steadily increasing. Hence, there is no doubt that online gambling is very safe.
However, unlike betting, where the uncertainty is larger, in gambling the uncertainty is introduced by the way the game is played. For instance, a bettor may decide to place a bet on a football game, without knowing what the final result will be. On the other hand, most bettors (even experienced gamblers) have an idea of the final outcome before they place their bets. That is why gambling is not as risky as betting.
The second major difference between the two is that in betting, the game is always open to the public. In gambling, on the other hand, only those who have money in the game, or who have access to winning tickets can participate. The latter restricts the number of people playing the game, so that the outcome is kept secret. That is another reason why gambling is comparatively riskier than betting.
Adolescent girls and boys who play in licensed online gambling casinos are at a greater risk of becoming entangled in Internet gamblers’ crimes, due to the anonymity provided by the Internet. Young adolescent girls and boys can be easily persuaded to transact business with Internet scam artists, either by using social contacts or through online advertisements. They are also susceptible to Internet pornography, which may encourage them to place bets on sporting events and other gambling events. Hence, adolescents who play in licensed online gambling casinos are at a higher risk of becoming victims of Internet and gambling scams.