Why Are Horse Racing Betting Legal in America, And Why Is That Illegal in Other Countries?November 17, 2021
The word “gambling” can mean many different things. For most in the US, however, it typically means “playing a game”. Gambling as a game has been around since the ancient times. The first recorded gambling game, the Aesop’s fables, describes the act of risking one’s money in a contest or challenge to win something. In today’s context, the game of gambling refers to any activity that employs the use of money or the equivalent token to achieve some goal.
Gambling as a whole is against both Federal and State law. Gambling is the taking of risks by wagers of any kind with the intention of winning something, either materials (such as goods) or non-material (such as points, winnings, rewards, or debit cards). Gambling therefore requires three components for it to occur: consideration, danger, and a reward. In fact, gambling is illegal in the United States under the Florida Gambling statute. The language from that statute, however, indicates that a person may gamble on a horse race, without having to register as a gambler and pay gambling tax, if she merely bets the amount of the winning ticket.
One of the oldest forms of gambling, horse racing, is illegal in the United States under the United States Supreme Court. That is because the law allows only a fraction of one percent of bets to be placed on any one race. The state governments, however, allow betting on horse races for wagers over one percent. Those states that allow all forms of gambling also recognize that gambling addicts are capable of ruining their own lives and families by continued involvement in the activity. The problem is compounded in the case of family members who begin to steal money from the gambling addicts to feed their habit.
One of the reasons why gambling is legal in the U.S. but illegal in other countries is that the American public does not view the problem gambling in the same way as they do the problem drink driving. Gambling is viewed as a social activity that people participate in for fun and entertainment. It is considered a recreational activity. A lot of Americans, including some law enforcement officials, believe that the current law against wagering on gambling events results in a false sense of morality amongst Americans. In other words, the gambling problem is seen as acceptable, even acceptable to some.
On the other hand, European and Asian countries have seen an influx of organized crime and corruption in the way they address gambling. In fact, in many of these countries, there are strict laws against bookmaking. Some European countries, for example, have very high taxes on betting of any kind, let alone on horse betting.
Another reason why the United States is seen as the land of the free, and yet, you will still find bookmakers in our nation who place too high a premium on horse racing and who don’t offer wagering opportunities on other sports and events. So, while it may be popular to have a few bookmakers to take care of your betting needs, you’ll also want to look elsewhere. Instead of getting a few bookmakers or sportsbooks to take care of everything for you, why not check out a reputable company that offers betting on horse racing, other sports, and all kinds of other things? You’ll get what you want, the true form of gambling, at a fair price.