Page 67«..1020..66676869..8090..»

Category Archives: Gambling

AFL survey: 37% of fans list gambling ads as key concern – iGaming Business

Posted: February 24, 2022 at 1:52 am

A survey by the Australian Football League Fans Association (AFLFA) has revealed that a large number of AFL fans are unhappy with the prominence of gambling advertising during matches, with 37% of respondents listing it as a key concern.

The survey took place in late 2021. A total of 860 responses were recorded, with most participants being in the 55-64 years old age bracket.

Participants were asked a variety of questions regarding their experiences as AFL fans.

When asked what their key concerns were, 37% of participants chose gambling advertising. This was second only to umpiring and rule changes at 40.5%.

In choosing their top concern 11.6% chose gambling advertising, the third-most common concern behind game access being impacted by Covid-19 at 11.7% and umpiring and rule changes at 25.6%.

A number of participants called for the removal of gambling advertising altogether during games, suggesting that all gambling-related features and sponsorships be banned.

Others suggested that gambling advertising be reduced.

One comment under the kids and family portion of the survey suggested that gambling should no longer be normalised by the AFL for the sake of children.

Elsewhere, the blaring ads at the ground and the non-stop betting messaging was named as a common complaint in the the fan experience section of the survey. The noise of advertisements and music was named as a disruptive factor several times.

More than one in three fans worry about gambling ads, which was more than we expected, said Cheryl Critchley, president of the AFLFA. Many have told us that they dont like them and are concerned that they are normalising gambling for children.

Researchers aredemonstrating this,and the AFLFA supports the work of various state government initiatives and campaigns focused on countering the normalisation of gambling and sport.

More:

AFL survey: 37% of fans list gambling ads as key concern - iGaming Business

Posted in Gambling | Comments Off on AFL survey: 37% of fans list gambling ads as key concern – iGaming Business

Nairobi to restrict gambling to five-star hotel casinos – The East African

Posted: at 1:52 am

By COLLINS OMULO

Nairobi has launched a fresh assault on the multi-billion betting industry with legislative proposals that restrict gambling to five-star hotels with casinos and impose a four-year jail term or a Ksh10 million ($87,519) fine for opening outside of operating hours.

The Nairobi City County Betting, Lotteries and Gaming (Amendment) Bill, 2021, currently before the Nairobi County Assembly seeks to restrict the betting and gambling establishmentsin the city to operating between 8pmand 6am.

A man betting on European football games with a mobile phone at sports betting shop. PHOTO | FILE | NMG

If passed, it will mark a departure from the current situation where gamblers can place bets any time of the day.

South B ward representative Waithera Chege, the sponsor of the amendments, said the Bill is meant to have the youth engage in productive work and prevent gambling addiction.

All licensed betting, lotteries and gaming premises and online gaming shall only operate within the hours of 8pm and 6am. A person who contravenes this provision will be liable, upon conviction, to a fine of Ksh10 million or four years imprisonment, or both, said Ms Chege.

The Bill also seeks to push telecoms operators to cancel all the USSD codes used by radio stations in their gaming activities.

Gamblers follow their bets at a betting shop in Nairobi. FILE PHOTO | NMG

Ms Chege has raised concern about how Kenyans are spending a lot of their productive time on gambling.

A 2017 Geopoll survey ranked Kenya as the country with the highest number of youths engaging in gambling in sub-Saharan Africa.

The report estimated that 76 percent of Kenyans were taking part in betting, with a majority of them being youth aged between 17 and 35.

Read more here

Go here to see the original:

Nairobi to restrict gambling to five-star hotel casinos - The East African

Posted in Gambling | Comments Off on Nairobi to restrict gambling to five-star hotel casinos – The East African

ANJ: Over a Third of French Teens Exposed to Gambling in 2021 – European Gaming Industry News

Posted: at 1:52 am

Reading Time: 2 minutes

ANJ, Frances unified gambling regulator, has revealed that over a third of teenagers aged 15-17 have played at least one form of gambling in the last 12 months.

Publishing its Minors and gambling: risky practices on the rise report, the regulator detailed that, from a survey of 5000 15-17-year-olds, 34.8% had gambled at least once during 2021.

Whilst the majority of those who admitted to gambling were male, the spread was across all socio-economic and cultural groups, indicating a widespread issue with regards to underage gambling in France.

Strikingly, the average age the teenagers admitted to first beginning to gamble was 13 years and three months, despite the legal gambling age being limited to 18.

Breaking down respondents by gambling vertical, 78.4% played scratch cards, which ANJ noted that minors begin gambling with. Meanwhile, 48.4% had played lottery draw games and 28.3% placed sports bets during 2021, with males most likely to do so.

With the regulator noting that around one in two participants (50.1%) gambling online, it was cited that minors did not view a sales ban in physical locations as a barrier.

ANJ detailed: Young people know very widely (73.4%) that the sale of gambling is prohibited to them, (but) they do not feel this prohibition of sale as an obstacle. In fact, more than half say that it is very or fairly easy for them to play scratch cards.

Respondents admitted that their gambling behaviour was facilitated by their parents, with 45.7% playing with their mother and 35.7% with their father. Furthermore, 23.6% of participants detailed that they gamble using their parents online account with their consent, despite 68.5% of participants stating that their parents do not remind them of the risks associated with gambling.

Advertising was also earmarked as a key contributing factor to young peoples gambling habits. Nearly 90% of participants recalled consuming any form of gambling advertising in the last 12 months. For a third of the participants (32.3%), advertising was a motivator for them to begin gambling.

Isabelle Falque-Pierrotin, President of the ANJ, commented: Gambling is infiltrating more and more into the daily life of minors, relayed by advertising and by certain complicity of parents.

Whether online or in the physical world, combating underage gambling is now a major public policy issue because, as we know, the earlier gambling begins, the greater the risk of addiction.

The ANJ is determined to mobilise all its tools to vigorously fight against these practices, including through sanctions. It is also necessary that all the actors concerned are mobilised, parents, operators, social networks and public authorities.

Related

Excerpt from:

ANJ: Over a Third of French Teens Exposed to Gambling in 2021 - European Gaming Industry News

Posted in Gambling | Comments Off on ANJ: Over a Third of French Teens Exposed to Gambling in 2021 – European Gaming Industry News

This Startup May Be The Future Of Online Gambling And Retail Investors Can Get A Piece Of The Action – Be – Benzinga

Posted: at 1:52 am

XR Casino is a Metaverse-ready technology startup that has designed a solution to help casinos and sports betting companies compete in the prospering online gambling sector.

XR Casino is one of the first technology startups to specialize in cross-technology Extended Reality (XR) gaming, gambling solutions, and XR game development for the iGaming and sports betting industries. To create incomparable gaming experiences and value-added services, the company uses AI, blockchain, Augmented Reality, Mixed Reality and Virtual Reality technology.

XR Casino allows traditional brick-and-mortar gaming companies, online casinos and sports betting organizations to reach new customers and expand their operations to extended reality platforms through its SaaS solutions.

Users of any XR technology or equipment will be able to play with each other on the startup's unique cross-technology platform, independent of the equipment they are using. Players can choose from single and multiplayer games, private game rooms and public game rooms where they can gamble on their favorite games like blackjack, roulette, slot machines and even sports betting for a personalized experience.

The company also intends to use blockchain and AI extensively to address issues plaguing the iGaming and sports betting businesses, such as cybersecurity concerns, lack of transparency and player attrition.

See also: XR Casino Offering Review

XR Casino is raising up to $1.07 million through its offering on StartEngine, allowing retail investors to get a piece of equity in this early-stage company.

The global market for online gambling is expected to grow by almost 80% over the next three years to over $150 billion. This means any company in the casino and sports betting industry will likely need to adopt technologies like XR Casinos platform if they want to stay relevant.

The company plans to license its technology to existing casinos and sports betting companies as well as generate other revenue streams through its B2C segment as a free-to-play social casino. This segment of the business will generate revenue through the sale of NFTs, in-game casino chips, ads and subscription fees.

XR Casino is developing its own native coin to allow cryptocurrency staking to reward player loyalty and community building through proof-of-stake mining and augmented reality coin drops in real-world locations similar to how Pokemon Go works.

The startup can also enter the metaverse thanks to the blockchain technology it uses. In the near future, XR Casino plans to sell one-of-a-kind NFTs as skin designs for blackjack tables, roulette tables, slot machines, decks of cards, casino chips, in-game avatar apparel and wearables, and other holographic and virtual assets.

XR Casino recently announced that BOTS, Inc. (OTC:BTZI) became the company's first strategic corporate investor. BOTS is launching a Las Vegas-themed Metaverse, Vegas.mv that will feature XR Casino games and services.

While XR Casino has already raised over $100,000 on StartEngine, investors can still buy equity in the form of common shares with a minimum investment of $149.80.

View XR Casino offering details on StartEngine

Photo: Courtesy of XR Casino

See original here:

This Startup May Be The Future Of Online Gambling And Retail Investors Can Get A Piece Of The Action - Be - Benzinga

Posted in Gambling | Comments Off on This Startup May Be The Future Of Online Gambling And Retail Investors Can Get A Piece Of The Action – Be – Benzinga

Wise Power 400 Preview and Best Bets I NASCAR Gambling Podcast (Ep.5) – The Sports Gambling Podcast

Posted: at 1:52 am

Welcome to another episode of the NASCAR Gambling Podcast on the Sports Gambling Podcast Network! Every Rod Villagomez and Cody Zeeb bring their love of NASCAR and their love of sports betting to you to help you set your bets for the weekend of NASCAR action. From the Camping World Truck Series to the Xfinity Series, to the Cup Series, Rod and Cody have you covered.

This week, we recap the action-packed Daytona 500 then look ahead to the Wise Power 400 and give you some of our favorite bets. Is Austin Cindric for real, or was he in the right place at the right time to win the Daytona 500? After two years away, what can drivers expect from the Auto Club Speedway in their new cars? Can Alex Bowman overcome his disaster day in sunny Florida and repeat in sunny Southern California? Well answer these questions and more on this weeks episode.

Be sure to subscribe to the NASCAR Gambling Podcast on the SGPN App, and on Apple Podcasts or Spotify. Find Rod (@rjvillagomez) and Cody (@Husker_Zeeb) on Twitter.

Visit link:

Wise Power 400 Preview and Best Bets I NASCAR Gambling Podcast (Ep.5) - The Sports Gambling Podcast

Posted in Gambling | Comments Off on Wise Power 400 Preview and Best Bets I NASCAR Gambling Podcast (Ep.5) – The Sports Gambling Podcast

The Trouble with Gambling – Relevant Radio

Posted: February 21, 2022 at 6:40 pm

We just passed the biggest gambling event of the year in the Super Bowl and were about to enter the second biggest gambling event of the year in March Madness. As a more relevant topic than ever and as a growing practice for many sports fans around the world, Cale spent a segment of The Cale Clarke Show diving into the concept of gambling and his experience with it.

As the gambling world has evolved with the age of technology by introducing apps and digital sites for betting, so too have the bets themselves evolved. You can bet on the length of the National Anthem, the outcome of the coin toss, the number of penalties, the color of someones shoes, the length of the halftime show, and a million other things. Its an attempt to get as many people involved in sports gambling as possible, whether they follow sports or not. And its working.

But thats not immoral on its own. As a business, you want to attract as many customers as possible. Thats understandable. But when discussing the morality of something like gambling, you need to look at factors like the intrinsic nature of gambling, the methods of attraction, potentially predatory practices, and just what stakeholders in gambling companies are doing to assure the well-being of all users.

Cale actually worked in the gambling industry for a while in his early 20s when they introduced a casino to his town of Cole Harbor in Nova Scotia. Out of the hundreds of people wrapped around the block looking to apply for a job there, Cale was one of the select few to get hired. While he started humbly in the parking lot, he was soon bumped up to a position on the in-house marketing team.

He remembers being trained to begin a promotional campaign inside the casino itself and one of the superiors told him that he should not be surprised if he witnesses people refusing to leave the slot machines to eat or go to the bathroom. Its so addicting that people posted up there for hours. Throughout his time in the casino, Cale learned the tricks of the casino. He noticed that there were no windows and there were no clocks. They purposely wanted people to lose track of time and spend as much time as possible inside.

And, as everybody knows (or should know) the odds are always in the houses favor. To misquote The Hunger Games, the odds are [never] in your favor, said Cale. Theres no such thing as a sure thing, and if you stick around betting for long enough, youll end up in the red. Thats why casinos owners want you in their establishment for as long as possible. But, as Cale pointed out, its a money-making venture. You should know the risk going into it and thats why youre required to be 21 to gamble.

When Cale first started his position at the casino, he saw gambling as just another form of entertainment. For instance, people pay to go to sporting events. They pay to go bowling or to a movie. People are similarly paying for this gambling experience (unless you win money). However, the more time Cale spent there, the more he realized that theres nothing entertaining about losing your money. And, he said, the majority of people he noticed going to bet their hard-earned money were people who could not afford to do so.

The ironic part was that in the end, gambling has absolutely nothing to do with money. People dont get addicted because theyre chasing a win or trying to keep a streak going. People get addicted because theyre obsessed with the feeling, the thrill. Its an artificial trigger of dopamine that makes you feel good. Eventually, Cale began getting uncomfortable with his role in the casino and he turned to his spiritual director.

Do you think gambling is wrong? Cale asked Father Mike. Well, he said, I think gambling and this whole industry plays on an inherent weakness of human beings, which is the temptation to fall for the love of money. One of the most commonly misquoted passages of the Bible is in 1 Timothy. People often say that money is the root of all evil when the passage actually says, For the love of money is the root of all evils, and some people in their desire for it have strayed from the faith and have pierced themselves with many pains. (1 Timothy 6:10) Money is not the cause of problems, but an inordinate love for money is.

Games of chance(card games, etc.) orwagersare not in themselves contrary to justice. They become morally unacceptable when they deprive someone of what is necessary to provide for his needs and those of others. The passion for gambling risks becoming an enslavement. Unfair wagers and cheating at games constitute grave matter, unless the damage inflicted is so slight that the one who suffers it cannot reasonably consider it significant. (CCC, #2413)

Listen to the full segment below:

Is Gambling Sinful?

Tune in to The Cale Clarke Show weekdays at 5pm CT

Read more here:

The Trouble with Gambling - Relevant Radio

Posted in Gambling | Comments Off on The Trouble with Gambling – Relevant Radio

AGA Wants Government Intervention for Offshore Gambling – GamblingNews.com

Posted: at 6:40 pm

Among issues confronting the US legal sports betting industry, particularly the web-based segment, is the test presented by offshore sportsbooks. The American Gaming Association (AGA) is calling for government intervention to target the unlicensed market. This segment, it asserts, is hindering the growth of the legal market. At the same time, while other countries are clamping down on gambling advertisements, the AGA cautions that advertising is the only thing that can separate the good from the bad.

Most operators yield that the offshore sites actually control most of the advanced games wagering market. Thus far, theres been no significantly viable counter-methodology to prevent bettors from going to any alternative where they might feel theyre improving their odds, regardless of the legal status of the site.

AGA President Bill Miller responded to media inquiries on an assortment of themes last week after providing an update on the state of gambling in the US. He asserted, when asked about federal government involvement, that the government should crack down on offshore gambling like it did online poker in 2011. He suggested that the Department of Justice, the Department of State and other agencies should be involved.

Miller added, This is the one area where we talk about what can the federal government do to help our industry. This is (a) really important (one).

For some time, theres been a decent measure of conversation that the forceful feel of sports wagering in TV advertising could cause consternation on the part of consumers. This would, in turn, lead to greater federal intervention in gambling advertising.

In Europe and the UK, guardrails, regardless of whether willfully or forced, have been put in place for betting advertising. This, regulators assert, is due to a perceived inappropriate or overpowering nature of the commercials. Similar restrictions are expected for the US market, as well.

However, Miller cautions against it. He explained that getting legal sports wagering right is about moving clients from the offshore sites and into the protected, legal market. He asserted, Look at New York and Louisiana (where online sports betting launched just prior to the Super Bowl). Does anybody reasonably think that millions of people just decided to try out sports betting for the first time last month? Of course not.

Miller added, Raising the awareness and attracting players to legal sportsbooks is how we protect consumers, generate needed tax revenue for states, and how well stamp out the illegal market and advertising has helped to fuel this change.

The AGAs boss is using a commonsense approach to manage an issue. However, whether that approach can be understood by lawmakers remains to be seen.

See original here:

AGA Wants Government Intervention for Offshore Gambling - GamblingNews.com

Posted in Gambling | Comments Off on AGA Wants Government Intervention for Offshore Gambling – GamblingNews.com

NHS to open two additional gambling addiction clinics – Casino Beats

Posted: at 6:40 pm

The NHS has confirmed the opening of two new clinics this year to specialise in gambling addiction treatment as it cites record demand for specialist support.

Opening in May, the two centres, located in Southampton and Stoke-on-Trent, will join the five current NHS clinics in London, Leeds, Manchester, and Sunderland, as well as the pilot childrens and young persons clinic.

Gambling addiction is a cruel mental health condition that can devastate peoples lives our pilot clinics are already having a lasting impact in helping people to take back vital control of their lives, expressed NHSs Mental Health Director, Claire Murdoch.

The opening of two new gambling clinics in May, as a part of our 2.3bn investment into mental health services, will mean we can help even more people with the most serious gambling problems.

In addition to the aforementioned, the service also plans to initiate a Gambling Harm Network and Clinical Reference Group later this year, with the goal of consolidating expertise together and enabling clinical teams to share best practices on the treatment of problem gambling.

This comes after the NHS made the decision to cut its financial ties with the gambling industry, stating that it will no longer be accepting contributions from operators and fully funding its treatment services including the newly planned clinics via its own resources.

Patients and clinicians asserted through feedback that they had reservations about the potential for conflict of interest from the gambling industry, due to the sector generating 14bn annually whilst funding treatment for addiction.

In an open letter to Zoe Osmund, CEO at GambleAware, Murdoch revealed that the NHS will cease accepting RET contributions from the betting sector, a development that had been anticipated by industry stakeholders.

Murdoch noted: It is also absolutely right that the NHS now funds these clinics independently, recognising the harmful effects this addiction can have on the nations mental health, and that predatory tactics from gambling companies are part of the problem, not the solution.

See the original post:

NHS to open two additional gambling addiction clinics - Casino Beats

Posted in Gambling | Comments Off on NHS to open two additional gambling addiction clinics – Casino Beats

Merdianbet more than just a gambling and casino company – Times of Malta

Posted: at 6:40 pm

Its a fact that we are living in turbulent times and its no wonder why more and more prominent companies are trying to help as much as they can. One example could be found in Merdianbets policy of helping different organizations for human welfare.

Licensed by the Malta Gaming Authority, Meridianbet represent both online and land-based casino, where players can enjoy the most popular games as well as place a wager on their favorite sports events! In the last few years, theyve managed to build a reputation of a pretty enviable humanitarian organization as well.

Since the very start of the pandemic, the company donated to DAR Bjorn a Maltese organization, a member of ALS Malta Foundation that strives to help people with ALS, MS and other neurological conditions. The word was about the Newer & Bigger DAR Bjorn project.

Furthermore, this company stepped up yet again and joined forces with iSoftBet for another good cause collecting funds for the Movember camping. Together they supported this humanitarian event by raising 10.000 for a charity run that was held on Ghajn Tuffieha beach, Malta. It was led by the athletic Steve Sammut Nurminen.

Loads of prominent companies are always ready to help when it is most difficult, locally as well as globally. Both financial and technical support was provided by the Meridianbet group to residents of endangered areas, hospitals, day-care centers in Cyprus and the Balkans.

On the other hand, globally speaking, Merdianbet Group did its best to help even those who are most affected by all negative aspects of the pandemic itself. Considering being one of the most populous countries in the world, it was expected that India will suffer the most. Thats why they joined the ranks once again with a significant donation to UNICEF in order to help them prevail in this extremely unfair battle.

It is always good to see that those who can are still willing to fight for the right cause and this companys commitment should not go unnoticed in the eyes of the public.

Meridianbet is licensed by the MGA. Licence number MGA/B2C/134/2007. Play responsibly. For help visit http://www.rgf.org.mt. Players must be over 18. Terms and conditions apply. The odds may change since quotas are variable.

Independent journalism costs money. Support Times of Malta for the price of a coffee.

View original post here:

Merdianbet more than just a gambling and casino company - Times of Malta

Posted in Gambling | Comments Off on Merdianbet more than just a gambling and casino company – Times of Malta

Revealed: how bookies clamp down on successful gamblers and exploit the rest – The Guardian

Posted: at 6:40 pm

On any given Saturday, Rory would spend several hours glued to a screen flickering with hundreds of football and horse racing bets placed by customers of the Irish bookmaker Paddy Power.

One of multiple insiders from firms including Paddy Power Betfair, Ladbrokes and William Hill who spoke on condition of anonymity, Rory was part of an obscure corner of the gambling industry that exists to maximise profits by clamping down on successful punters.

The volume of customers they had, you could afford to get rid of anyone you thought wasnt going to be profitable, he said.

Punters know the house usually wins, but most have no idea that bookies sharpen their edge via something called stake factoring, the process by which winning customers are dialled down, while losers are allowed to bet more.

It works like this: when a customer opens an account, they might be given a stake factor of 1, meaning they can bet 100% of the normal maximum stake, for example 500.

As soon as people start winning or losing, that gets adjusted, said Cameron, formerly of William Hill. It starts with 50% and if they keep doing it [beating the bookie], itll keep going down. At William Hill it went down to 25% to 10% and eventually down to 1%.

Sometimes, such decisions are determined by other factors.

Wed make judgments based on what job you do, who youre friends with on Facebook, said Steve, who works as an odds trader at a well-known betting website.

Its particularly true of any account with a female name, he said, explaining this was often someone who had had their stake factor reduced on their own account and was posing as a spouse, sister or friend.

A manual, handed out to employees of Paddy Power within the past six years and seen by the Guardian, offers further insight.

It advises staff to restrict customers who look like bad business and to increase stake factors for all customers that are regularly hitting their max [maximum bet]. Those customers with a stake factor above 1 can wager more than 100% of the normal maximum figure.

The guide also suggests traits that supposedly indicate someone is likely to be bad business, including eastern European customers, apparently based on concerns about locations in which past suspicious betting patterns have been identified.

For the bookies, stake factoring is seen as a legitimate way of levelling the pitch against punters who they argue are resorting to unfair methods.

One former trader at William Hill explained how the firm would be targeted by latency cheats, people who exploit the small delay between events at a match and the bookies TV pictures, either by accessing a faster feed or attending the event.

You see a bet come through from a brand-new account on a certain cricketer to score less than 25 runs, and theyve put on as much as they can. You look up at the TV and hes out that ball.

There is, too, always the risk of the stablehand or kit man with inside knowledge of a lame horse or a star striker with a tummy bug. Other areas, though, are less clear cut.

Some insiders complain of bonus abusers: people who milk the offers that companies send out to lure in new gamblers.

Much more common are the arbers or arbitrage gamblers, who scour gambling websites for obviously wrong odds. By identifying an event where the odds are clearly priced wrongly, arbers can place a conflicting bet with another operator and make a return regardless of the result.

The practice can even be automated by using bots to place multiple small wagers, flying under the radar of systems designed to spot the practice.

However, some traders fear that bookies have become trigger-happy, targeting not just cheats but canny operators, known in the trade as warm or shrewd punters, or simply as bad business.

It tends to happen now that everyone that beats the price gets put under the arber banner, which is unfair, said Fintan, who has worked at multiple operators including Ladbrokes. Id say its probably 65%-70% of punters that get factored where its definitely the right decision.

One ex-Paddy Power employee showed the Guardian a menu of stake factors that suggest the company was more than happy to restrict people who were simply canny. New customers were set at 1.0, the document said, unprofitable customers at 0.3, and warm customers at 0.1.

The people running these businesses are answering to shareholders, said Connor, who works in the gambling industry. The guys in the trading room didnt want to be answering on a Monday morning why they didnt close an account that was winning.

One gambler, Bernard Henry, shared the results of a demand sent to Coral to see what data it held on him, known as a subject access request.

It showed he had won just 38 over four years but had been prevented from placing sports bets after the bookie realised he had beaten their odds 73% of the time. He was still allowed to bet on casino products where the house never loses over time.

Henry believes bookmakers shared data about him with other operators, via software that companies are permitted to use which is intended to prevent fraud but might also be used to shut down a smart better.

Everyone the Guardian spoke to said accounts were rarely closed completely, for good reason.

According to Paddy Powers manual, warm customers are of use to us as marks, meaning they are worth monitoring to assess if your prices are wrong. Even arbers, seen as cheats in the industry, would be set at a factor of 0.01.

One former employee of Betfair believes this is about satisfying City investors, who see customer numbers as one measurement of success. If they close all the bad customers, you go from 50,000 active users to 10,000, he said.

The flipside of factoring down winners is that losers have, over the years, been given more leeway to place ever bigger bets.

The biggest stake factor Rory recalled a customer being allotted was 40. Hes allowed to lose 40 times what anyone else was and it was astronomical what he was punting. There was no conscience to it.

In response, Paddy Power said its safer gambling checks would always override stake-factoring decisions.

All of the sources who spoke to the Guardian said stake factoring was increasingly automated at the more tech-savvy companies. This, they said, meant there should be fewer arbitrary decisions made by bookies playing it safe.

But Brian Chappell, founder of Justice for Punters, said he did not trust the industry to do right by its customers and feared unintended consequences.

Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

Following intrusive, secretive profiling, only losing customers are allowed to choose how much they bet, he said. This is facilitating an unsafe and unfair UK sports betting market where unprofitable customers are more likely to consider the black market.

A spokesperson for Paddy Power owner Flutter said stake factoring was common practice across the industry but that it did not wish to restrict customers unfairly. They said the practice was also critical in protecting the integrity of sporting events where we believe a customer placing bets has inside information.

None of the other gambling companies contacted by the Guardian returned a request for comment.

The rest is here:

Revealed: how bookies clamp down on successful gamblers and exploit the rest - The Guardian

Posted in Gambling | Comments Off on Revealed: how bookies clamp down on successful gamblers and exploit the rest – The Guardian

Page 67«..1020..66676869..8090..»