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#1 |
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Oxfam won big when Federer won 7th Wimbledon title - Yahoo! Sports
Please read the above news item first. If there are betting organizations people can bet which party will win the elections, which specific candidate will win or lose, just to cite a few, and then assign the winnings (if any) to organizations which devote themselves to help the poor and needy. If there are no betting organizations for such bets somebody like Cho or Subramaniam Swamy can start such. Good-hearted people can enter into this innocuous betting and assign the potential winnings (even while placing the bet) to their charitable organizations. The money collected from all bettors go into the pot to pay the winners and hence it is socialistic in concept. |
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#2 |
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In India, there are various illegal bettings going on. Mostly controlled by Goonda Gangs. The legal gambling of state lottery produces another avenue for corruption. Spot fixing is already in epidemic proportion. We even have MP sho were tainted by illegal sports gambling. This will be another avenue for them.
What portion of the gambling you propose should go to this charity? Who decides how to distribute? Who administer the process? I only see problems. I agree that your idea is noble. |
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#3 |
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For that matter any benevolent venture that is proposed in India will be mishandled and abused. I am talking about organizations/reputed newspapers such as The Hindu which can employ a committee of retired judges, professors, civil service officers etc., and conduct such bets on a daily basis. The committee will just audit the operation. Lots of people are needed to participate with bets at a minimum of Rs.10. There can be so many bets devised. The bettors do not get any money if they win nor the organization which conducts the betting ( pro bono publico service). They can only assign it to a charity. For the sake of efficiency of distribution to the charity specific charities can be listed and the bettors should choose from among them.
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#4 |
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#5 |
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For that matter any benevolent venture that is proposed in India will be mishandled and abused. I am talking about organizations/reputed newspapers such as The Hindu which can employ a committee of retired judges, professors, civil service officers etc., and conduct such bets on a daily basis. The committee will just audit the operation. Lots of people are needed to participate with bets at a minimum of Rs.10. There can be so many bets devised. The bettors do not get any money if they win nor the organization which conducts the betting ( pro bono publico service). They can only assign it to a charity. For the sake of efficiency of distribution to the charity specific charities can be listed and the bettors should choose from among them. The only exceptions made to the illegality of betting are (i) individual participation in lottery schemes where some State Governments have granted certain exemptions; and (ii) betting on race horses in select race courses (that too only on track betting is allowed). If I am wrong here, I would like to be corrected. |
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#6 |
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In India betting is ab-initio illegal, so none of the retired judges, professors, civil service officers etc. would be joining such a venture. Mr. Mahakavi's idea is that let us get a legal scheme. But his assumption is like say "the moon is made of cheese, how long can a mouse live in moon". The theory is full of holes. The thought is noble, end will not be nice. Christian Children's Fund with lofty goal and very catchy commercials contributes mear 15% to actual charity work in developing countries. 85% of funds raised goes to overhead including $45M salary to CEO. |
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#7 |
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I think you are right. Venkat |
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