Legalizing soccer betting in Hong Kong

Firstly, Legalization of soccer betting is not a means to tackle illegal betting activities. In fact, although there is legal betting avenue for horseracing, illegal gambling still exists. According to a conservative estimation of the HK Jockey Club, in the past racing season, the money involved in illegal betting within the territory as we

Fourthly, the number of social problems will increase rapidly and the social cost will be very high. Some overseas studies point out that introducing a new form of gambling will cause some negative impact to the society. The most important impact is the creation of pathological and problem gamblers. This situation will also happen in Hong Kong. Pathological gamblers are who cannot control their gambling habits and use up all their money on betting. Even worse, they may try every means to borrow money to gamble and probably end up in the hands of 'loan sharks'. Deterioration in work performance, loss of job as well as family problems will also happen. Gambling is a not just a matter of one person but the whole society. Social stability will be upset. In estimation, almost 40% of Hong Kong people take part in gambling activities, if 5% of all gamblers are pathological gamblers. This would mean that Hong Kong has up to 120,000 pathological gamblers. The social cost will be in large amount. It will increase the government expenditure and decrease the revenue gain.

Secondly, it will encourage gambling behavior. Provide more gambling tool for the community, and then people will touch the gambling activities easily. Legalization will make soccer betting acceptable. Recent survey reveals that more people will participate in soccer betting when it becomes legal. Many people who at present shy away from being involved in an illegal activity will take up soccer betting with enthusiasm. It will widen the number of people who are being involved in gambling. It is not a good phenomenon. I

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