country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Question:

Discuss about the Online Betting Singapore ?
 
 

Answer :

Introducation

Technology has an immense role in gambling practices and continues to depict the rise of new market opportunities. One of the achievements that technology brought in regards to gambling, is the online betting. Online betting is the act of using established internet sites for gambling money in unpredictable events such as sports, and any other events (Gainsbury and Blaszczynski, 2014). This paper focuses on the issue of online betting in Singapore. The paper puts into light the importance and also drawbacks of the Singapore government allowing online betting.   

Everyone has an opinion about gambling, because it is one of an unavoidable things in life. For the Singapore government, it is clear that they have softened their stand on having strict laws that do not allow betting. The Singapore government recently approved the application of two lottery operators, Singapore Pools and Singapore Turf Club to have an array of online gambling activities (Kotwani and Chia, 2017). The Ministry of Home Affairs (MHA) has however, reiterated that the betting firms should only allow individuals who are twenty-one years and above to participate in online betting. It is an open secret that the current twenty-first-century generation has a high appetite for betting and it is likely that the Singapore government will soften their strict regulation regarding online betting in the near future.

Societal issues associated with online betting

The unprecedented move by the Singapore government to allow the two lottery firms, Singapore Pools, and Singapore Turf Club to conduct online betting so that Singaporeans can enjoy online betting services, comes as a result of the strong sentiments by the high moral standards of Singapore society. Anything to do with gambling has always been associated with the vices in society. Addiction is the most prevalent social vices associated with betting. According to Morrison, (2008) out of ten people who are gamblers, only one of them is not addicted. This implies by the Singapore government allowing online betting operation by the two lottery firms, many people are likely to be rendered addicts.

Gambling has grave effects on families regarding money issues. With the advent of online betting, it is easy for an individual to conduct an online transaction to fulfill betting desires.  It is evident that most people have lost savings property and also belongings as a result of gambling. By allowing online betting, young males and females are likely to become good for nothing if they fall prey to betting. Allowing online betting in Singapore means that physical and mental health is likely to be prevalent. Anxiety, depression, stress and poor sleep is likely to be common especially when one’s bets deviate and fails to win (Ho?rnle and Zammit, 2010). For a parent who indulges in online betting, it means that the children will stand forgotten and depressed. This can inhibit the proper growth of children, for instance, children may react to a parent's gambling problem by misbehaving.

Benefits of Singapore government allowing online betting

The advent of allowing regulation of online betting in Singapore means the economy is about to be on the rise.  It is significant to note that illegal betting has grave effects on the economy. But for the regulated online betting like Singapore’s means a rise of an economy. The two betting firms will create employment opportunities to have people work in their firms. Besides, the government can get a direct benefit from the online betting through penalties and taxes (Horridge, 2017). The fact that many people over the age of twenty-one will be eligible for online betting, means that more individuals will engage in income generating activities thus reducing the dependency ratio.

Online gambling makes gambling regulation to be easy. In agreement with the Singapore’s Senior Minister of State for Home Affairs Desmond Lee, having an online control betting is similar to the way other countries control the use of alcohol and cigarettes. He at one time asserted that online betting has little health disadvantages and they are good for people to get quick money. Online betting unlike any other vices, channels individuals who are a focus in income generation but not crime due to drug abuse.

The Singapore government decision to legalize gambling is the fact that it has embraced reality. The reality is that there are some Singaporeans who initially indulge themselves in the worldwide online betting illegally and it is better to provide a safer environment for people to conduct themselves in (Libraryindex.com, 2017). The advent of advanced technology and bright individuals means that there are a lot of individuals who will trickle in to participate in online gambling. When there is a regulation for Singaporeans to perform this money making task, then it would not be a vice.

 

Reasons why allowing online betting by Singapore government is not a good idea

Despite the Singapore government having allowed and regulated the online betting activity also means that money laundering activities is eased. Money laundering is the act of passing money through third parties so as to make the sources of illegal money unknown.  In this case, money launders are likely to deposit a large amount of money into online betting sites and withdraw it later with legitimate bank accounts.

Criminal cyber activities become eminent through online betting. Established online betting sites in other countries have expressed their fears of cyber criminals. It has been reported on several occasions that these cunning individuals can access online betting customers’ financial credit cards and steal money from them (Chambliss, 2011).  What should worry most about Singapore is the likelihood that the hackers will not only focus on the two betting sites once they set their eyes on Singapore. The hackers might extend to the government’s online platforms hence compromising government security.

Any economic activity such as betting is supposed to generate revenue for the government. However, online betting is advantageous to the customers of the betting company. They get money which is unregulated and untaxed, an act which is wrong. Singapore like any other government, will face the problem where people have money which is not taxed and not regulated (Williams, 2012).

In conclusion, online betting is the most prevalent form betting that is worldwide thus making it hard for betting phobic countries such as Singapore to ignore. It is important to realize that as much as online betting has a great economic impact on a country, it also encourages money laundering and cyber-crime. To have moderated online betting activities, Singapore should not loosen its strict laws it has in place for online betting. 

 

References

Chambliss, W. (2011). Crime and Criminal Behavior. 1st ed. Sage, p.106.

Gainsbury, S. and Blaszczynski, A. (2014). Exploring internet gambling. 1st ed. London: Routledge, p.66.

Ho?rnle, J. and Zammit, B. (2010). Cross-border online gambling law and policy. 1st ed.    Cheltenham, UK: Edward Elgar, p.167.

Horridge, K. (2017). Benefits of Legalized Gambling; The Economic To The Social. [online]          Casino.org Blog. Available at: https://www.casino.org/blog/gambling-and-the-law-the-          good-the-bad-and-the-ridiculous/ [Accessed 14 Mar. 2017].

Libraryindex.com. (2017). Internet Gambling - The Effects Of Online Gambling. [online]   Available at: https://www.libraryindex.com/pages/1620/Internet-Gambling-EFFECTS-     ONLINE-GAMBLING.html [Accessed 14 Mar. 2017].

Kotwani, M. and Chia, L. (2017). Government exempts Singapore Pools, Turf Club from online    gambling ban. [online] Channel NewsAsia. Available at:      https://www.channelnewsasia.com/news/singapore/government-exempts-singapore-pools-          turf-club-from-online/3162930.html [Accessed 14 Mar. 2017].

Morrison, J. (2008). International Business: Challenges in a Changing World. 1st ed. Palgrave                  Macmillan, p.172.

Williams, R. (2012). Routledge international handbook of internet gambling. 1st ed. New York,    NY: Routledge, p.357.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Betting In Singapore Online . Retrieved from https://myassignmenthelp.com/free-samples/betting-in-singapore-online.

"Betting In Singapore Online ." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/betting-in-singapore-online.

My Assignment Help (2018) Betting In Singapore Online [Online]. Available from: https://myassignmenthelp.com/free-samples/betting-in-singapore-online
[Accessed 05 June 2020].

My Assignment Help. 'Betting In Singapore Online ' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/betting-in-singapore-online> accessed 05 June 2020.

My Assignment Help. Betting In Singapore Online [Internet]. My Assignment Help. 2018 [cited 05 June 2020]. Available from: https://myassignmenthelp.com/free-samples/betting-in-singapore-online.


MyAssignmenthelp.com boasts a pool of 3000+ PhD qualified dissertation writers, who are committed to providing highest quality dissertation paper help in more than 100 subjects. Each expert specializes in providing top-quality dissertation writing services in the exact manner that students want. Being a cheap dissertation writing services, we ensure prices don

Latest English Samples

ENGL102 English Composition II

Download : 0 | Pages : 6

Answer: Introduction This study focusses on improving the security system within the premises of the schools. Security system of the schools is important because it will safeguard the students from the attacks of the outsiders. In other words, it can be stated that most shootings are premeditated and occur in high secondary schools. In addition to this, security system within the premises of the schools is required because it will protect the...

Read More arrow

ACOM117 Introduction To Science For Health Professions

Download : 0 | Pages : 5

Answer: Introduction: The small particles of plastic present in the environment coming from a variety of sources such as clothing, cosmetics and industrial process are known as microplastics.  Primary microplastics (direct result of human product and material use) and secondary microplastics (microscopic plastic fragments) persist in high levels in the environment, mainly in marine and aquatic ecosystem. Plastics do not break down for a ...

Read More arrow Tags: Australia Melbourne Management University of New South Wales 

EN221 Introduction To Poetry

Download : 0 | Pages : 4

Answer: Whether it is in the form of a poetry, short story and drama; Literature is a form of entertainment that had been around from ages, entertaining people all round the globe. They are usually written by different poets and authors in order to convey their amazing imaginations, deepest feelings and desires. Each and everyone for sure have been exposed to a literature genre in their life at some or the other point. This paper will elaborate ...

Read More arrow

CI3991 Dissertation

Download : 0 | Pages : 34
  • Course Code: CI3991
  • University: University Of Central Lancashire
  • Country: United Kingdom

Answer: A Study On The Importance Of Play In The Learning Process Of Children With An Explanation Of Practitioners’ And Parents’ Attitudes Towards Children’S Play. Introduction:  In the view point of McClintic and Petty (2015), child’s development can be very effectively be influenced by the teaching as well as the play. Children can in fact gain a higher level of understanding when the parents or the care givers...

Read More arrow Tags: Australia Management University of New South Wales 

ENGL320 Grant Writing And Research

Download : 0 | Pages : 3

Answer: Somali Bantu Association of Maine The program that is to be conducted under the Somali Bantu Association of Maine is a 501©3 non-profit organization aims at reducing the major issue of students dropping out of schools. According to the program, the students will be provided with after school tutoring services three days a week. More than 120 students will be taught by teachers who will be paid as well as by teachers who wi...

Read More arrow Tags: Australia Orono Management University of New South Wales 
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,330,838

Orders

4.9/5

Overall Rating

5,076

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1592 Order Completed

96% Response Time

Jane Sima

Ph.D in Psychology with Specialization in Industrial-Organizational Psychology

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1896 Order Completed

95% Response Time

Herman Berens

MSc in Psychology

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Thank you for your services . I will come back to you again for sure :) Al so I will recommend you to other students as well

flag

User Id: 439559 - 05 Jun 2020

Australia

student rating student rating student rating student rating student rating

I really want to thank you for your help. You did the job how I expect. I highly recommend to my friends and co-workers.

flag

User Id: 286108 - 05 Jun 2020

Australia

student rating student rating student rating student rating student rating

Presentation had a great layout and design, colors were visually engaging and the charts provide a large volume of information in an accessible format.

flag

User Id: 413864 - 05 Jun 2020

Australia

student rating student rating student rating student rating student rating

This is my go-to with homework help....I am so happy with the results! I got an "A" again!!!!!

flag

User Id: 435720 - 05 Jun 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?