Unemployed youths turn to gambling as their main source of income

Unemployed youths turn to gambling as their main source of income
Published: 05 October 2016 (3346 Views)
In difficult economic times some youths have turned to gambling as a way of life. When jobs are scarce, the risky business can be a lifeline.

According to Radio VOP,  some unemployed Bulawayo residents have turned to gambling as their main source of income.

Although odds of winning are not certain some people have declared gambling as their full-time job as formal employment is hard to come by in the City of Kings, once the country’s industrial hub.

People are left with no choice but to take the often lucrative gambling business as their new occupation.

In this internet world, betting options are endless. Some prefer William Hill - the best place for basketball bets.

Gambling has many forms ranging from poker games, slot machines, dice-based games, card games, coin tossing, casino, bingo and lotteries, among others.

Sports betting seems to have taken Bulawayo by storm and it is also popular in most other countries, developed or developing.

Even though it can be addictive, it is seen by some as a way of arresting poverty. As the economic situation got worse after 2008, betting shops saw business boom.

A good example of this would be the UK High Streets where the majority of jobs in the gaming industry are in the betting sector.

In the US, sports betting is likely to get even bigger despite fears about the industry.

During the American Gaming Association's Global Gaming Expo, former NBA commissioner, David Stern said that the fear of sports betting could be outdated.

When properly run, the betting organisations can benefit the sports that punters are keen to gamble on.

There are downsides to the pastime but betting can be a good way to earn a few extra pennies on the side or even a way of life as evidenced by some.


- Online

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

LIVE: Dynamos versus Caps United - Dembare fights relegation

by Staff reporter | 14 October 2018 | 154 Views

LIVE: Dembare will never die

by Staff reporter | 14 October 2018 | 157 Views

LIVE: Dynamos versus Caps United - Dembare fights relegation

by Staff reporter | 14 October 2018 | 125 Views

Why prices are going wild?

by Dr Masimba Mavaza | 14 October 2018 | 386 Views

'We will continue being the voice of reason' - MDC-T Khupe

by Linda Tsungirirai Masarira | 14 October 2018 | 268 Views

Clueless 'ED' needs exigent help…

by Knowledge Hakata | 14 October 2018 | 259 Views

Mthuli's illegal instrument must be jettisoned

by Jacob Mafume, MDC National Spokesperson | 14 October 2018 | 179 Views

Mnangagwa appointment discouraging

by Jacob Mafume, MDC National Spokesperson | 14 October 2018 | 195 Views

Mnangagwa targets black market

by Staff Reporter | 14 October 2018 | 261 Views

AFM divorce sealed

by Staff Reporter | 14 October 2018 | 213 Views

Warriors beat DRC

by Staff Reporter | 14 October 2018 | 196 Views

Zimra not considering charging duty in foreign currency

by Staff Reporter | 14 October 2018 | 147 Views

Mnangagwa, Putin set for key talks

by Staff Reporter | 14 October 2018 | 150 Views

'Mnangagwa empowers Zimbabwe'

by Stephen Jakes | 14 October 2018 | 140 Views

State of roads worsened up to year 2017- Minister Moyo

by Stephen Jakes | 14 October 2018 | 101 Views

Mwenezi doing well in agriculture though there is regular drought

by Stephen Jakes | 14 October 2018 | 51 Views

It's dangerous for schools to collect exam papers on day of writing

by Stephen Jakes | 14 October 2018 | 135 Views

Fuels situation to normalise this week

by Staff reporter | 14 October 2018 | 135 Views

EU gives Mnangagwa wider win margin

by Staff reporter | 14 October 2018 | 204 Views

Edgars resumes exports

by Staff reporter | 14 October 2018 | 129 Views

No title deeds for Garikai houses, says Government

by Staff reporter | 14 October 2018 | 136 Views

Mnangagwa comes to Bulawayo

by Staff reporter | 14 October 2018 | 122 Views

Man brings ex-lovers for cage fight with wife

by Staff reporter | 14 October 2018 | 129 Views

Mnangagwa to buy modern surveillance equipment

by Staff reporter | 14 October 2018 | 58 Views

Zimbabwe Cricket trying to cheat Heath streak

by Staff reporter | 14 October 2018 | 49 Views

War vets threaten Zanu-PF bigwigs

by Staff reporter | 14 October 2018 | 64 Views

Forex shortages hit Western Union

by Staff reporter | 14 October 2018 | 67 Views

Obert Mpofu speaks about Chamisa, Mnangagwa dialogue

by Staff reporter | 14 October 2018 | 219 Views

Govt working on new energy plan

by Staff reporter | 14 October 2018 | 41 Views

2% tax headache for Mnangagwa

by Staff reporter | 14 October 2018 | 56 Views

Senior Zanu-PF official blames RBZ for crisis

by Staff reporter | 14 October 2018 | 59 Views

This is not what Mnangagwa promised

by Editorial - The Standard | 14 October 2018 | 141 Views

Mujuru vows to soldier on

by Staff reporter | 14 October 2018 | 48 Views

Bond notes disaster: Zimbabweans count costs after a week of madness

by Staff reporter | 14 October 2018 | 59 Views

Caps United to gift Dembare a win?

by Staff reporter | 14 October 2018 | 120 Views

Moyo is Mnangagwa's new acid test

by Tawanda Majoni | 14 October 2018 | 61 Views

Gukurahundi tombstone vandalised

by Staff reporter | 14 October 2018 | 56 Views