Paddy Power / Betfair / Flutter to introduce loss limits for young 'gamblers'
Whilst it seems like a good idea in general, how long before it's over 25s, before it goes from £500 down to £100, before it becomes more intrusive and everyone needs to prove their wealth to place a bet or we end up like China with no gambling allowed?
The people implementing these things seem to have a poor understanding/little care for the smarter players but more importantly the long term consequences of killing off industries, their entertainment value and tax revenue.
The tiny minority with a problem definitely need some sort of help but making everyone suffer and lose their free choice doesn't seem the best way to go about it. Even with this, someone with a problem can easily still blow all their money by moving elsewhere to other bookies or casinos (with the odds even less in their favour).
Some lifetime P&Ls I have heard (including my own) make me feel sick but I accept that it was a risk I was willing to take, more like a tuition fee towards something which is possible vs aimlessly gambling without an edge
The people implementing these things seem to have a poor understanding/little care for the smarter players but more importantly the long term consequences of killing off industries, their entertainment value and tax revenue.
The tiny minority with a problem definitely need some sort of help but making everyone suffer and lose their free choice doesn't seem the best way to go about it. Even with this, someone with a problem can easily still blow all their money by moving elsewhere to other bookies or casinos (with the odds even less in their favour).
Some lifetime P&Ls I have heard (including my own) make me feel sick but I accept that it was a risk I was willing to take, more like a tuition fee towards something which is possible vs aimlessly gambling without an edge
- firlandsfarm
- Posts: 2722
- Joined: Sat May 03, 2014 8:20 am
For 'problem' read addict ... and addicts are very cunning at getting what they want/need!
- wearthefoxhat
- Posts: 3219
- Joined: Sun Feb 18, 2018 9:55 am
So..."Let's buy Tombola £402 million"... That'll help the cause....
https://www.msn.com/en-gb/money/compani ... ailsignout
https://www.msn.com/en-gb/money/compani ... ailsignout
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Whole sector looks iffy.
Had a conversation on twitter with someone who thinks DKNG will be a $1 trillion company within 10 yrs.
I have my doubts - and hope for he sake of humanity he wrong.
Had a conversation on twitter with someone who thinks DKNG will be a $1 trillion company within 10 yrs.
I have my doubts - and hope for he sake of humanity he wrong.
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