Can you handle the truth? What is the difference?
Gambling is big business. Consider the following facts: In addition, much gambling is still illegal. We hope to discuss what constitutes gambling and what the teaching of Jesus Christ says regarding its moral significance.
Since the Bible is the highest moral standard ever known, and since it reveals the will of the God who created us all, we will appeal to it as the supreme standard 2 Tim.
The following study was written primarily to Cokes 1999 issue people about the dangers of gambling. For those who already know the dangers of the problem and are looking for Bible information to help the overcome it, we suggest you read our free articles about How to Change Yourself Self-improvement and You Can Serve God Successfully.
See other helpful articles in the links at the end of this article. What Gambling Is A. Definition of Gambling In this study "gambling" refers to a wager or bet in which each player agrees to risk losing some material possession to other players in exchange for the chance to win the possessions of other players without compensation to the loser, the winner s and loser s being determined by the outcome of a game.
Please note Cokes 1999 issue essential elements of gambling in this definition: A game of chance or skill - any event of uncertain outcome. This may be a game the gamblers play among themselves or may be some event that would have occurred anyway such as the outcome of an election or sports event.
The stakes Each player places at risk some possession of material value. The agreement wager or bet Before the game each player agrees to risk losing his possession in exchange for the opportunity to take the possessions of others, depending on the outcome of the game.
Lack of fair compensation No goods or services of fair value are given in exchange for what is lost.
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The loser will give up his possessions without being recompensed, and the winner will gain possessions without repaying the loser. Activities That Are Not Gambling People sometimes confuse the issue by claiming that certain acts are gambling, even though some essential elements of gambling are missing.
Crossing the street, driving a car Some people say, "Everything in life involves a gamble. Not all risks involve gambling.
These acts involve no wager and no stakes. There is no agreement to try to take someone else's possessions. Games without stakes or bets The same games, on which people sometimes bet, can be played simply for fun with no possessions put at risk.
This too is not gambling. Farming, owning a business, etc. Some say this is gambling because one risks losing money. But again there is no wager, but there is compensation. There is no agreement to take other people's property without compensation.
The intent is to produce goods or services of benefit to others in exchange for that which benefits us. This is expressly authorized in Scripture. Investing in stock Some say this is gambling, but what is stock?
Stock is a means for people to become part owners of a company. Buying stock is no more inherently gambling than is ownership of any other business. The intent is to make a profit by producing something of benefit to customers.
Investors receive their share of these profits in the form of dividends or increases in the value of the stock. Further, when stock is sold, both buyer and seller agree on the price.
There is no wager - no prior agreement to risk loss at another's expense. If either thinks the price is unfair, they refuse to deal. It may be possible to gamble or otherwise sin in the stock market, but buying stock does not inherently constitute gambling.
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