Responsible gambling is one of the most common phrases you’ll hear within the betting industry at the minute. Over the past few years, it’s become an increasingly important concept thanks to a greater awareness of the hidden gambling problems within the UK. In this article we’ll look at why responsible gambling is matched betting.
What is Responsible Gambling?
It’s all very well discussing responsible gambling, but what exactly is it?
There’s no better definition than the one from GamCare:
‘People who gamble responsibly make sure they know all the facts. They decide in advance how often they will play, how much money and time they will spend, and when to stop. Sometimes, responsible gambling is making a decision not to gamble at all.’
Whilst this is a more theoretical definition, it sums up responsible gambling very well from the perspective of a punter.
In my view, responsible gambling is only gambling what you are happy to lose. In the long run you will never make money from gambling. It’s not possible. The old phrase ‘the house always wins’ is too true. Therefore you should only stake what you are prepared to lose, after paying all necessary bills etc. Punters get into gambling problems when they start borrowing money to place their bets and trying to chase their losses.
Gambling can and should be enjoyed as a fun hobby. However, if you gamble frequently, this can quickly lead to a gambling addiction. Make sure you understand the difference. If you’d like some more information visit the GamCare website.
Increasing Importance of Responsible Gambling
Over the past few years, responsible gambling has been an increasingly popular concept. This is due to an increased awareness of problem gamblers and issues resulting from gambling. There are currently over 2 million people in the UK who are problem gamblers or at risk of problem gambling. This number has continually been rising over the past few years as bookmakers have ‘exploited vulnerable people’.
In 2014, new research suggested ‘betting shops are more likely to be located in areas of high deprivation’ in order to maximise revenues. Whilst the betting firms strongly deny this, there is evidence to show that FOBTs (Fixed-odds betting terminals) are concentrated in poor areas. This map below shows this is the case for a number of locations across the UK.
Overall, bookies have been under increasing pressure from the Government and organisations alike to behave in a more responsible and fairer way.
I’m sure you’ve seen one of the recent gambling adverts on the TV. Have you noticed all the ads now include a short snippet regarding responsible gambling? For example Ray Winstone says ‘We gamble responsibly at Bet365’. This is to make sure gambling companies ‘appear’ to be meeting their social responsibility requirements.
It’s fair to say, the gambling firms want the betting industry to stay unregulated by the Government. As soon as this sector becomes monitored, the profit margins for the betting companies will significantly drop. Therefore firms are looking at the most cooperative methods to keep the industry as it is.
Responsible Gambling Week
The first Responsible Gambling Week was held between 12th and 18th October in 2017. This was the first UK wide initiative in which more than 10,000 gambling venues took part. The campaign was led by the Industry Group for Responsible Gambling.
The aim of this campaign was to educate and raise awareness of the problems relating to gambling and to provide access to the tools needed to keep gambling safe.
Responsible Gambling is Matched Betting
Well… not technically, but we think it should be! It’s a much safer and more profitable method than gambling.
Here at the sure bettor we certainly don’t condone betting. We think it’s a waste of time and money! We know you’d be much better off learning how to profit from matched betting on a daily basis. With this method you can make a guaranteed profit no matter what the outcome of an event.
This is not gambling as we place two opposite bets on every market. We place these two bets at different betting companies, one of them at a traditional bookmaker and one of them at a betting exchange.
As we’ve already mentioned, you don’t make any money from gambling. The house usually wins in the long run. If you’re looking to make money online, risk and tax free, matched betting is the answer you’re looking for. This is why we think responsible gambling is matched betting.
Why not sign up and get started today? It’s free and you’ll make a guaranteed profit!!
We’ll see you on the inside very soon.