Read the Catechism in a Year
The Seventh Commandment: You shall not steal.
May a Christian make bets and play games of chance?
Betting and gambling are immoral and dangerous when the gambler risks his livelihood. It becomes even worse if he risks the livelihood of other people, especially of those who are entrusted to his care.
Morally speaking, it is a highly dubious practice to wager large sums on a game of chance while others lack the bare necessities of life. Betting and gambling, furthermore, can be addictive and enslave people. (YOUCAT question 434)
Dig Deeper: CCC section (2413) and other references here.
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