Is it a bad practice to always create a transaction? Is it a bad practice to always create a transaction?

For example, it is a good practice to create a transaction for nothing but one simple SELECT?

What is the cost of creating a transaction when it is not really necessary?

Even if you are using an isolation level like READ UNCOMMITTED, is it a bad practice?
Is a bad practice to create a transaction always?

It depends on what context you are talking here. If it is an update, then I would highly recommend using TRANSACTIONS explicitly. If it is a SELECT then NO (explicitly). 

But wait there is more to understand first :
Everything in sql server is contained in a transaction. 

When the session option IMPLICIT_TRANSACTIONS is OFF and you explicitly specify begin tran and commit/rollback then this is commonly known as an Explicit Transaction. Otherwise you get an autocommit transaction.

When  IMPLICIT_TRANSACTIONS is ON an Implicit transaction is automatically started when executing one of the statement types documented in the books online article (e.g. SELECT / UPDATE / CREATE) and it must be committed or rolled back explicitly. Executing a BEGIN TRAN in this mode would increment @@TRANCOUNT and start another "nested" transaction)

To switch which mode you're in, you'd use

SET IMPLICIT_TRANSACTIONS ON


or

SET IMPLICIT_TRANSACTIONS OFF

select @@OPTIONS &amp; 2


if above returns 2, you're in implicit transaction mode. If it returns 0, you're in autocommit.

how much is the cost of creating a transaction when is not really necessary?

Transactions are needed to take the database from one consistent state into another consistent state. Transactions have no cost as there is no alternative to transactions.
Refer: Using Row Versioning-based Isolation Levels

Even if you are using an isolation level read_uncomitted. Is a bad practice? because it shouldn't have problems with locking.

READ_UNCOMMITED isolation level will allow dirty reads by definition i.e. One transaction will be able to see uncommitted changes made by other transaction. What this isolation level does is, it relaxes the over head of locking - method of acquiring locks to protect Database concurrency.

You can use this on a connection/query level, so that it does not affect other queries.

SET TRANSACTION ISOLATION LEVEL READ UNCOMMITTED


Found an interesting article by Jeff Atwood describing Deadlocks due to Dining Philosophers Puzzle and describing  read committed snapshot isolation level.

EDIT:

Out of curiosity, I did some test measuring the impact on T-log with Perfmon counters like Log Bytes Flushed/Sec, Log Flush Waits/Sec (No. of commits per sec that are waiting on LOG flush to occur) as below graph :



sample code :

create table testTran (id int, Name varchar(8))
go

-- 19 sec
-- Autocommit transaction
declare @i int
set @i = 0
while @i &lt; 100000
begin 
insert into testTran values (1,'Kin Shah')
set @i = @i+1
end
---------------------------------------------------
-- 2 sec
-- Implicit transaction
SET IMPLICIT_TRANSACTIONS ON
declare @i int
set @i = 0
while @i &lt; 100000
begin 
insert into testTran values (1,'Kin Shah')
set @i = @i+1
end
COMMIT;
SET IMPLICIT_TRANSACTIONS OFF


----------------------------------------------------
-- 2 sec
-- Explicit transaction
declare @i int
set @i = 0
BEGIN TRAN
WHILE @i &lt; 100000
Begin
INSERT INTO testTran values (1,'Kin Shah')
set @i = @i+1
End
COMMIT TRAN


Autocommit Transactions: (Edited as highlighted by @TravisGan)


Insert took 19 secs.
Every Autocommit will Flush the T-log buffer to the disk due to autocomit (after @TravisGan highlighted, and I missed that to mention) .
The CHECKPOINT process will be completing fast as the amount of dirty log buffer required to be flushed will be less as it runs quiet often.


IMPLICIT &amp; Explicit Transaction:


Insert took 2 secs.
For EXPLICIT transaction, the log buffers will be flushed only when they are full.
Contrary to Autocommit transaction, in EXPLICIT transaction, the CHECKPOINT process will take longer duration as it will have more log buffers to flush (remember that log buffers are flushed only when they are full).


There is a DMV sys.dm_tran_database_transactions that will return information about Transactions at database level.

Obviously, this is more sort of a simplistic test to show the impact. Other factors like disk subsystem, database auto growth settings, initial size of the database, other processes running on the same server\database, etc will have influence as well.

From the above tests, there is near to no difference between Implicit &amp; Explicit transactions.

Thanks to @TravisGan for helping to add more to the answer.