Institutional Sanctions:
> Gives odds of winning/losing, which can then be bet upon
> Allowed to place bets on all sorts of things
Such as: winning, losing, number of shots made, number of hits made, etc.
Economic Consequences:
> Lose money via betting
Psychological Consequences:
> Can become addicted
> Betting does not have a surefire method or formula to follow; it is more so
just pure luck. That means there will be many times when general
knowledge and intelligence does not matter, which can be frustrating.
Sociological Consequences:
> Betting on odds means there is a likely chance of losing, which can lead to lose of
money and general discontentment
Sources:
Institutional Sanctions:
> Won/Loss records affect attendance, championship aspirations, etc; therefore, ensuring
wins via cheating means better business for the team in the short term
Economic Consequences:
> A losing record often means less fans attending games, less merchandise being sold,
fewer television viewers, etc.
Psychological Consequences:
> Cheating can very easily be found out and lead to dire consequences
Sociological Consequences:
> A cheating athlete/team can lead to loss of trust with the fan base
Sources: