Gambling rings are high-risk and high-reward operations that take advantage of market demand and turn it in their favor. Their modus operandi thrives on secrecy and they are involved in organizing all sorts of gambling games - slots, poker, blackjack, sports bet etc.Although the law enforcement agencies are doing their best, it is still a lot of work trying to crackdown on these rings. Gambling rings are illegal and people who are caught may either pay a huge fine or serve jail time.
I want to believe that so many people who patronize these gambling rings may have lost a lot of money or scammed and there is nothing they can do about it. And one of the reasons why people may even choose to patronize these gambling rings aside the high rewards is because gambling is banned in their society.
However I am thinking that if gambling is legalized, we would see a drastic reduction (not total elimination) in the operations of these rings. My reasons are that their activities will be carried out in a fair and transparent manner such that cases of frauds and scams will be eliminated as there will be proper mechanisms in place to prevent and protect the gamblers.
Do you think that there is a role that gambling legalization will play in reducing the activities of gambling rings?
What strive demands in gambling always result from the incompetence of the government, that been said. Now, when the citizens see anything that gives quick money, they always give it all and hence, these gambling rings take the advantage of it and explore society as a result. When government fails to provide jobs and creative mediums for talented and skilled people, trust me, they cannot swive away from gambling, this is the same pressure we have in my country, the only difference between these rings and the ones here is that they are well coordinated and people don't value casino games but they will wager any amount for sportsbooks.
Gambling rings can be reduced to the barest minimum but there is a need to protect the people so they wouldn't get carried away by those high returns and they should increase regulatory sanctions against these bad casinos who promised high returns with high risk.