The Basics of Gambling

Gambling is an activity where people stake something valuable, such as money or goods, in the hope of winning a prize. Most people gamble, and most do it without serious problems. However, a small proportion of gamblers develop gambling disorder, which is characterized by a pattern of behavior that causes significant distress or impairment. People who are more susceptible to developing gambling disorder include those with low incomes, those with a history of mental illness or addiction, and young people. Males are more likely to develop a gambling disorder than females.

Although most people gamble in casinos and racetracks, it’s also common to place bets at sports events, at gas stations, or on the Internet. Regardless of where you gamble, the key to protecting yourself from gambling problems is understanding how gambling works. The first step in gambling is to choose what you want to bet on – this could be a football team or a scratchcard. Then you match your choice to ‘odds’ – which determine how much you could win if you win. The odds are determined by probability and are usually set by the betting company.

The second part of gambling is the event itself – this could be a game of poker, a horse race, or a lottery draw. Once again, the outcome of these events is determined by probability – but this time it’s not as clear cut as with a football match or scratchcard. For example, a poker game can have thousands of players and no one knows how many hands are dealt before the winning hand is revealed. This means that there is a high chance of losing your money.

There are many benefits to gambling, including the fact that it’s a social activity and can be a source of entertainment. Moreover, it occupies idle people and prevents them from engaging in criminal activities like robbery and burglary, or immoral activities such as drug peddling and prostitution. In addition, it’s a lucrative career for some people and can be a source of good living.

However, the negative aspects of gambling are often neglected in studies. This is largely due to the difficulty of measuring them, which requires more than just statistics. Impacts can occur on the financial, labor, and health and well-being levels, and they can affect people directly as well as their families and communities. These impacts can have long-term effects and may change a person’s life course or pass on to future generations. Moreover, they can be influenced by various factors, including the desire to replicate an early big win, boredom susceptibility, impulsivity, lack of a true understanding of random events, use of escape coping, and stress.

The Sidney Prize and the Thomas Prize

Awarded to a student enrolled in the Master of Sustainability who achieves the highest mark in the capstone unit (SUST5007 or SUST5008/SUST5009). No application required, eligible students will be notified by email. Valued at $750.

Everyday, news and thought become shorter and more abbreviated. Articles are reworked as op-eds, which in turn are reworked into blog posts, and blog posts are shortened into tweets. The Sidney Prizes stand athwart this tendency, recognizing some of the best examples of long-form journalism and thought.

In a time when the world has never been more connected, good writing is more important than ever. That’s why it is so rewarding to read the winning entries in the 2023 Sidney Short Story Prize, which was judged by Patrick Lenton, Alice Bishop and Sara Saleh. Whether it’s George Packer’s engrossing portrait of Angela Merkel in The New Yorker or Claire Aman’s story ‘Who Rattles the Night?’ in Overland, the stories selected for this year’s prize showcase the kind of writing that can help us better understand a rapidly changing world.

Sidney Prizes are national prizes awarded to individuals for distinction in scholarship, undergraduate teaching and leadership in the cause of liberal arts education. They are named in honor of the American philosopher and Phi Beta Kappa member, Sidney Hook. The winners are honored at the Society’s Triennial Council Meeting and recognized in the Key Reporter, the General Newsletter and social media.

Clare Jackson, a former Sidney historian and Junior Research Fellow, has won one of the most prestigious prizes for historical writing. She was awarded the 2023 Sidney M. Edelstein Prize from the Society for the History of Technology, in recognition of her book A Dam for Africa: Akosombo Stories from Ghana.

The Thomas Prize is awarded annually to the best undergraduate paper in art history written by a student enrolled in the Department of History in the Faculty of Liberal Arts and Professional Studies. The award is named after Professor Sidney Thomas (1915-2009), who was a distinguished teacher and scholar in the field of art history.

The prize is offered to the student who demonstrates excellence in their first-year of study by completing the maximum candidature as per University of Sydney Rule 2011. Eligible students will have been enrolled in units of study CHEM1011/1111, CHEM1911/1991 or CHEM1012/1112 in the first year of their degree. If more than one student is deemed to be of equal merit, the prize will be shared. This prize is funded by the Australian Institute of Company Directors. The Committee reserves the right to not award the prize in any year if no suitable essay is received. Applicants must be enrolled as an MBA (International) or MBA (Australian) full-time or part-time, unless otherwise specified in the Course Rules. This scholarship cannot be combined with the International Student Scholarship. This scholarship is not transferable to another degree program. This scholarship is not taxable. Please refer to the Scholarship Conditions for more information.