2yo inside Info -

Friday 4 November 2022

Gambling: When the Fun Stops, Stop!

Watching TV.  One thing you may have noticed is the amount of advertising from leading bookmakers. Casino. Slots. Two flies crawling up a wall. 

Any random sporting event on TV. (What's the odds of a bookmaker ad?) 

Love a bit of darts action. But what do we see each and every advert? More reasons to gamble on just about everything! 

The problem with gambling is that it isn't, for many, as easy as saying: 'When the fun stops, STOP!'

What a ridiculous statement. Seemingly negating any responsibility for those who can't stop gambling. Addiction is clearly a problem for many people. I have never had a gambling problem simply because I am very disciplined and don't bet for fun. I would suggest that most people shouldn't be for 'pleasure'. Firstly there is nothing fun, funny, humorous about losing money. If you want to bet for any reason than making money, then play with matchsticks or casino chips you can buy without any great cost. You can learn how to bet more successfully. When you consider it takes 10,000 hours to become an expert (it takes longer) then a novice has much to learn.

Why shouldn't you bet for fun? Because it encourages people to not take their gambling/investing seriously. Money is a serious business. Gambling is even more serious because not only do you have the opportunity to make lots of money but the majority it is an opportunity to lose what they cannot afford. 

That's why I would suggest if you bet for fun then take a moment to re-assess why you are betting in the first place. 

There are lots of very naive gamblers attracted by adverts promoting 'fun'. They suck people in who simply do not have the experience or understanding to appreciate what they are dealing with. It's akin to playing with that ouija board and daring to ask the question: What date will I die?

Perhaps that question is going beyond what people ask before, during or after gambling. They could simply ask: How much will I win (positive) or how much will I lose (perhaps, realistic if you are betting for 'fun').

People need to appreciate that gambling isn't fun. To win you need to be better your opponents. You wouldn't fancy your chances racing Usain Bolt over 100m and you shouldn't fancy yourself to beat a bookmaker, layer or informed bloke in the pub if he is willing to take your bet. Unless you are very confident you will win.

In legal terms they say buyer beware. It is a good maxim for those who wish to bet. Gambler beware.

The bookmakers filter people like a sieve. 

If you win too much they will soon close your account. They need new 'clients' and as long as you lose they will allow you to bet. That's why you are best to use betting exchanges. 

I do have concerns about the impact of children watching sport and being tainted by bookmaker advertising. 'Can I bet, Dad?'

What are your thoughts on gambling advertising? 

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