Sports Gambling for Youth in the USA Essay Example | Topics and Well Written Essays - 2000 words

Sports Gambling for Youth in the USA - Essay Example Money is what makes the mighty and powerful superior to all others. Sports and gambling have always been a pastime of our society and it would only seem fitting for our youth to follow in the footsteps of the generations preceding their own. "Possibly the biggest reason for an increase in illegal sports wagering is that society accepts gambling and believes there are no victims. Gambling is becoming an everyday accepted activity in areas of America that never before had easy access. Virtually everyone can buy a lottery ticket, bet on a horse, or drive to a riverboat casino just a short trip away" (Saum 2). The more time a gambler occupies placing bets, the more this once simple activity has becomes a dangerous obsession. At this point, one must begin to consider the true value of sports gambling and if it has any value at all. "The profile of the typical college student who gambles is someone who believes he has control of his own destiny, takes risks, and feels he possesses the skill to be successful in this endeavor. Ironically, these are many of the same qualities of successful college athletes and may explain why some are drawn to sports gambling" (Saum 1). Sports and gambling rely on one key element; luck, which is seen as a hope that becomes a reality, but only for a mere few. Having been brought up in an environment that teaches how money and luck go hand in hand the modern day generation is more inclined to test their luck. The internet is perhaps the best and easiest resource in which our youth can access the gambling world. "Computers are readily available for use in many high schools, college, and university libraries, and the cost of personal computers has been drastically reduced" (McBride 1). With this in mind, the student-athletes that have come to understand the internet gambling world have the most influential impact. NCAA President Cedric W. Dempsey stated that "For the NCAA, this creates the potential that a student-athlete could place a wager and then attempt to influence the outcome of a game while participating in the contest. We are also concerned that the growth of Internet gambling may be fueled by college students who have easy access to the Internet. Students and student-athletes who develop gambling problems behind closed doors are difficult to reach. The NCAA believes there is a serious need for federal legislation prohibiting Internet gambling" (NCAA News Release). Dempsey's fears are rightfully placed since incidents like these are not uncommon among student-athletes. One NCAA-sponsored studied revealed that "of 2,000 male student-athletes in Division I basketball and football programs surveyed about NCAA rules violation, 25% reported that they gambled on college sports events other than their own while in college. Four percent admitted that they wagered on games in which they had played, and three of the athletes said they changed the outcome of the game in which they participated" (Saum 1). Results like this only show a portion of what could be a larger number of student-athletes that may be involved with sports gambling and could have directly impacted the results of a game in their respective sport. This alone changes many assumptions of the nature of sporting events and

Advantages of dynamic pricing over fixed pricing Essay

Advantages of dynamic pricing over fixed pricing - Essay Example The advantaged groups are the internet savvy because they can manipulate algorithms that sensitize them to be price sensitive, therefore the dynamic pricing may set lower prices for them. Dynamic pricing is very advantageous as it allows sellers to use large amounts of information that directly assist them to make decision (Hartline 85). The seller therefore makes informed business decisions. The seller is also able to increase the price within the threshold of the buyer’s upper limit because of the availability of the historical data to the buyer. This makes the seller increase the profit margins. The fixed pricing is less advantageous compared to the dynamic pricing, as the price of commodities is inflexible to meet the changing demands. The sellers are not in position to maximize profits in case of buffer seasons. The dynamic pricing has limitations. For example if the potential buyer proves the track record of price sensitivity and becomes well informed of the product†™s market price, he may force the dynamic pricing to offer better deal. The critical information about the buyer considered by the sellers like current inventory, supply chains, and competitors’ pricing may affect the price charged to the buyer as at that time. This incidence makes the seller realize no very little or no profits (Hartline 158). A firm practicing dynamic pricing program may sometimes offer discounts to grouped purchases due to excess inventory hence benefitting the buyer more. Dynamic pricing may make upcoming or infant business deteriorate or become insolvent due to increased unhealthy on-line competition from the established businesses. Consortia e-marketplaces These are electronic market places differentiated from other configurations. They mainly focus on the provisions of the internal efficiencies and collaborative benefits of supply to chain members (Rendell 214). Consortium e-marketplaces have many accrued benefits for the organizations that use its s ervices. The market future for the consortia e marketplaces is to influence other organization to join the service. The benefits of participating in consortia e-marketplaces are distinct for buyers and the suppliers (Adrian 189). It improves operational efficiency for the, managerial efficacy, and strategic effectiveness for both the buyer and the supplier of any organization which is deeply integrated in its services. Therefore, it is considerably wise to endorse my organization to this service to obtain the international competition. To evaluate the exchange validity of the consortia e-market place I would analyze critically its function and analyze the operational strategy. Consortia e-marketplaces are joint ventures that operate independently from their producers and have a completely different operation with an independent CEO and management board. The consortia e-marketplace emerges typically in vertical supply chain where such situations like the purchasing side consolidates for dominant players and community supply has fragmentation or is unreliable (Adrian 289). In this situation, the consortia e-marketplace intervenes and become the reliable source for the community products. The consortia e-market place also may emerge where the existing supplier sources products from a small company. The consortia CEO selects a new market place and contracts the market for the existing supplier. This analysis shows the importance my organization may accrue for joining the consortia e-marketplaces. Enterprise resource planning ERP is a method of using computer to link the various functions like accounting, inventory control and the entire company. This method intends