Betting and gambling have always been a part of human civilization in one form or the other. Gambling is perhaps as old as mankind and has been globally practiced in different forms such as gaming, betting, races, wagering, etc. The attitude of society towards betting and gambling has varied across time and geography. Despite being frowned upon from a moral and religious perspective, laws have failed to desist people from indulging in this activity because of its perennial allurement. This activity is looked upon as a means of winning huge with small investments and as a ubiquitous passtime. It is widely practices as entertainment by the rich. However, it generally has disastrous consequences for the families of gamblers who belong to vulnerable class of the society thus, betting and gambling are susceptible to a risk of self inflicted damage. Nevertheless, in the contemporary world, it is understood and argued that betting and/ or sports betting is an essential part of entertainme