When less and less are gambling at all, and you look at a racing market on here and see an offer of £3.60 sat in the nearest box...?
4.3 billion really?When less and less are gambling at all, and you look at a racing market on here and see an offer of £3.60 sat in the nearest box...?
More than £4 billion is being staked on the gambling black market by Britons every year, a new report has claimed.
The study by consultants Frontier Economics was commissioned by the Betting and Gaming Council (BGC), whose chief executive Grainne Hurst said proposals made by campaigners, such as low-level blanket affordability checks, risked driving more customers to illegal operators.
A previous report by PwC commissioned by the BGC in 2021 claimed there had been a doubling in the money staked with unregulated operators in 2020 to £2.8bn compared with a similar study in 2019.
Since then the last government published proposals for gambling reform in a white paper, which included extra powers for the Gambling Commission to enable it to tackle black market operators.
The Frontier Economics report used evidence from a survey of more than 6,000 people, as well as a number of operators, to estimate that £2.7bn was staked on unregulated gambling black market sites online every year, while up to £1.6bn was staked in what were described as underground gambling venues.
Grainne Hurst: Concerns about an "echo chamber" Grainne Hurst: "Millions of customers are being driven into the arms of pernicious black market operators" Credit: Neil Sampson Hurst said: "This shocking report exposes the unnerving true scale of the growing, unsafe, unregulated gambling black market. From online gaming, to betting on sports like horseracing, millions of customers are being driven into the arms of pernicious black market operators. These people don't care about player safety, don't want to pay their fair share to support sport and don't pay a penny in tax.
"By failing to adhere to the stringent standards set by the Gambling Commission, unregulated operators in the unsafe black market can make bigger offers, grant customers total anonymity, and promise the freedom to gamble without any controls or safety measures, unlike BGC members.
"Worst of all, these sites are making a mockery of the rules set up to protect the most vulnerable by aggressively advertising their services to those who have self-excluded."
The report claimed black market gambling online had "high awareness, is easy to find, and is already commonly used", and that one in five 18-24 year olds who bet had gambled with the black market.
The BGC warned black market gambling could deprive the Treasury of up to £335 million in taxation over the course of a five-year parliament.
Hurst added: "The government and the regulator risk sleepwalking into this issue. Simply giving the Gambling Commission more powers and more resources to tackle the black market won't, in itself, work. Enforcement is only part of the solution.
"The fact is, onerous and ill-judged regulations drive customers from the regulated sector to the unsafe, unregulated gambling black market. Proposals by anti-gambling prohibitionists like advertising bans or intrusive, blanket, low-level affordability checks will not protect customers. In fact, they will give another leg up to unscrupulous black market operators, the last thing anyone wants.
"Every comparable market in the world tells us the same thing. The best defence against this growing illegal, gambling black market is getting the balance of regulations right."
Frontier Economics associate director Andrew Leicester, one of the report's authors, said it was good news it showed most gambling in Britain was done through regulated channels, but cautioned there were "warning signs".
He added: "The landscape is evolving quickly in ways that suggest black market gambling is getting easier to find and access. This report provides timely new evidence on the scale of the black market.
"Efforts to make gambling safer are important, but must avoid the risk of simply pushing more players and spend into unregulated providers who do not need to comply with regulations around safer play."
More than £4 billion is being staked on the gambling black market by Britons every year, a new report has claimed.The study by consultants Frontier Economics was commissioned by the Betting and Gaming Council (BGC), whose chief executive Grainne Hur
acey deucy19 Sep 24 13:29Joined: 29 Sep 02 | Topic/replies: 30,719 | Blogger: acey deucy's blog The study by consultants Frontier Economics was commissioned by the Betting and Gaming Council (BGC),
Stopped reading beyond that point - you might as well read a report commissioned by the tobacco industry that has discovered smoking is good for you.
acey deucy19 Sep 24 13:29Joined: 29 Sep 02 | Topic/replies: 30,719 | Blogger: acey deucy's blogThe study by consultants Frontier Economics was commissioned by the Betting and Gaming Council (BGC),Stopped reading beyond that point - you might as well
Also money staked is pretty much irrelevant these days - even losing just £100 from a deposit of £100 on a casino game could involve "staking" thousands.
Why would you use money staked as the measure - unless you were trying to inflate the figure as much as possible.
Also money staked is pretty much irrelevant these days - even losing just £100 from a deposit of £100 on a casino game could involve "staking" thousands.Why would you use money staked as the measure - unless you were trying to inflate the figure as
Assistant Director at the BGCC, Phil MySlots said:
"Enough is enough, we've done our absolute best to drive everybody that knows what they are doing to the Black Market but now they are trying to take our market share of degenerate addicts, something has to be done."
Assistant Director at the BGCC, Phil MySlots said: "Enough is enough, we've done our absolute best to drive everybody that knows what they are doing to the Black Market but now they are trying to take our market share of degenerate addicts, something
To be fair 1tp - you only have to look like you know what you are doing nowadays to get closed down or restricted. But I don't see how they can deny that refusing to take bets from people is NOT helping the Black Market.
To be fair 1tp - you only have to look like you know what you are doing nowadays to get closed down or restricted. But I don't see how they can deny that refusing to take bets from people is NOT helping the Black Market.
Nobody talks about financial trading or spread betting firms. That people go to Black Mkt. because that industry didn’t create all the conditions for it via their incompetence and corruption.
Nobody talks about financial trading or spread betting firms. That people go to Black Mkt. because that industry didn’t create all the conditions for it via their incompetence and corruption.
Is it not what the legitimate "bookies" ie bookies with UK licences to operate were doing prior to and culminating with Affordability Check? If memory serves these bookies were given repeated hefty fines. But, the fines were seen by bookies as kudos eg 'billie', laddies, sly', freddie, 365, paddy, etc, rather than deterrent or shame.
There are far too many "bookies", and almost everyone is only interested in fobt eg 'sly', billie', laddie' paddy, 365, freddie. I'll only name a sh1t one I experienced ie bet*ay which would only instigate and initiate id verification post a win and a withdrawal request.
Stop bleating "bookies". You're the cause,..for being greedy and exploiting fobt addicts, and being "judge and jury" who can and cannot bet. Maybe consider leaving the industry for good if you cannot stand the heat, why? You're killing horseracing!
Is it not what the legitimate "bookies" ie bookies with UK licences to operate were doing prior to and culminating with Affordability Check? If memory serves these bookies were given repeated hefty fines. But, the fines were seen by bookies as kudos
Was it the eejit on the football forum putting up Slovan Bratislava as a bet at 12/1
... mind you, he was right that the price was wrong ....... they should have been 100/1
Was it the eejit on the football forum putting up Slovan Bratislava as a bet at 12/1 ... mind you, he was right that the price was wrong ....... they should have been 100/1
Boozer and bookie = alarm bells. Were your stake and his put into an escrow account held by a 3rd independent person? If not, put it down to a lesson learnt.
"A bloke down the boozer layed me £1000...."Boozer and bookie = alarm bells. Were your stake and his put into an escrow account held by a 3rd independent person? If not, put it down to a lesson learnt.
The way things are going, they are pushing gambling down and down the road with their holier than thou attitude and the biggest laugh is that the "Bookies" actually don`t give a damn about their "punters" and only push all this politically correct nonsense down our throats because they have to, otherwise they may lose their license or fined huge amounts if they don`t.
The way things are going, they are pushing gambling down and down the road with their holier than thou attitude and the biggest laugh is that the "Bookies" actually don`t give a damn about their "punters" and only push all this politically correct no
Impossible, DIE LINKE would have a good case for the small claims court would he not? On the other hand he may be worried about being charged for attempted Fraud and targeting a vulnerable individual?
Impossible, DIE LINKE would have a good case for the small claims court would he not? On the other hand he may be worried about being charged for attempted Fraud and targeting a vulnerable individual?
'themightymac', indeed. The only thing the online bookies care about is profits from fobt. They do not care about anything else as long as fobt can be accessed and traded under the present Betting and Gaming Act ie same as horseracing, football, tennis, etc. However, when a new Betting and Gaming Act is introduced to reflect the present digital age and online gambling behaviour and its negative ramifications, and fobt comes under it similar to out-of-town casinos, then the same bookies will take heed.
Accountability Check is only a ruse and an excuse used by bookies to beat the recreational punters and to intimidate the regulator. Thank goodness the former incumbent head honcho at the Gambling Commission who was in-bed with the bookies is history. Otherwise, more of the same sh1t but on a different day scenario will persist.
'themightymac', indeed. The only thing the online bookies care about is profits from fobt. They do not care about anything else as long as fobt can be accessed and traded under the present Betting and Gaming Act ie same as horseracing, football, tenn
Are there different rules for "Out OF Town" Casinos then Impossible? You banged this drum a long time ago when it was explained that most casinos are near town and city centres and the same rules apply, how did you get on with your meeting with your MP about gambling?
Are there different rules for "Out OF Town" Casinos then Impossible? You banged this drum a long time ago when it was explained that most casinos are near town and city centres and the same rules apply, how did you get on with your meeting with your
However, when a new Betting and Gaming Act is introduced to reflect the present digital age and online gambling behaviour and its negative ramifications, and fobt comes under it similar to out-of-town casinos, then the same bookies will take heed.
a) it's called the Gambling Act
b) There isn't a new one coming because the one in force contains everything necessary to cope with developments in "the present digital age".
impossible123 • September 19, 2024 7:39 PM BST However, when a new Betting and Gaming Act is introduced to reflect the present digital age and online gambling behaviour and its negative ramifications, and fobt comes under it similar to out-of-town
yifter on lucky spoke to the people involved with coming up with this figure,it would be an understatement to say yifter didn't think it would bear much scruitny
yifter on lucky spoke to the people involved with coming up with this figure,it would be an understatement to say yifter didn't think it would bear much scruitny
Bookies take bets at the racetrack and bet them on here at odds much higher. Can`t lose. If the horse wins, the punter wins and they win with no risk. If it gets beat, the punter loses, they break even. It`s a license to print money. But that`s all above board.
Bookies take bets at the racetrack and bet them on here at odds much higher. Can`t lose. If the horse wins, the punter wins and they win with no risk. If it gets beat, the punter loses, they break even. It`s a license to print money. But that`s all a