BUSINESS

UM students recognize the dangers of gambling

College Gambling from Grant Gibbons on Vimeo.

Grant Gibbons
Oxford Stories
gjgibbon@go.olemiss.edu

Many have experienced the rush of gambling. Whether it was over $10 or $100, the emotions that run through a person’s head while waiting for the result are like a drug. College students are becoming more involved in this practice than ever before.

IMG_3191The National Center for Responsible Gaming has created a website called CollegeGambling.org that is meant to raise awareness about the dangers of gambling.

The NCRG estimates that approximately 75 percent of college students gambled last year and 18 percent gambled at least once a week or more.

The NCRG defines gambling as a game that fits three criteria: “Players wager money on an object of value, the bet is irreversible one placed, and the game’s outcome relies on chance.”

Nick Bonomo, a freshman business major from Maryland, believes gambling can become an issue for some, but doesn’t see it as a major issue.

“My friends and I will occasionally place small bets on teams we think will win, just to make the game more interesting,” said Bonomo, who comes from a state that does not allow sports gambling. “I tried signing up for Bovada, but since I’m from Maryland, I wasn’t allowed to make an account.”

Bovada is one of many online gambling websites that allow people, who do not live close to casinos or have a personal bookmaker, to gamble in the comfort of their own home.

IMG_3181.JPGThe NCRG reports that about six percent of U.S. college students have a “serious gambling problem that can result in psychological difficulties, unmanageable debt and failing grades.”

However, only 22 percent of colleges have policies that address student gambling.

The most popular form of gambling for students is playing the lottery. According to NCRG, about 43 percent of students who gamble play the lottery, followed by card games (38 percent) and sports betting (23 percent).

FullSizeRenderBonomo says when he choses to bet, it is a small amount of money.

“Whenever I bet on something, I normally only put $5 to $10 dollars on it,” he said. “Whether it’s a fantasy football league or just a bet between me and a friend, I know my limits, and don’t
ever feel like I have to win my money back if I lose.”

Gambling is something that can make watching sports an even more enjoyable experience than it already is, as long as its done responsibly. If you are interested in gambling, or know someone who is, take the time to get educated on the risks and how to prevent falling into the trap of a gambling disorder.

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