More than a third of the Georgian population is on the blacklist of gamblers who are banned from gambling.... according to a translated post from Sputnik publication
Excerpt from the post:
Well, I have nothing against the ban as long as gambling(taking big risk - big betting risk) is concerned. I will only be against banning Betting/Prediction market that encourages or promote Safe Betting. By the way, there is no such thing as Safe or Responsible Gambling. Gambling is unsafe and irresponsible.
Bet but don't gamble
It's better to post a link of the source when you quote a news even if it's not in english to let people better understand the topic themselves. According to this link Excerpt from the post:
Quote
~snip
If this is true, I then wonder if there is Gambling epidemic there.Well, I have nothing against the ban as long as gambling(taking big risk - big betting risk) is concerned. I will only be against banning Betting/Prediction market that encourages or promote Safe Betting. By the way, there is no such thing as Safe or Responsible Gambling. Gambling is unsafe and irresponsible.
Bet but don't gamble
https://agenda.ge/en/news/2022/3147 Georgia is enforcing a very strict new law against gambling, that prohibits "Georgian citizens receiving social assistance from the state, public servants and individuals on black lists - included based on court decisions following requests by family members -" and "Georgian citizens under the age of 25, foreign citizens under the age of 18".
The georgian government seems to want to prevent that a part of the money he is giving to citizens finally goes to casinos. But what about alcohol and tobacco now?
Besides that, what do you mean by "I will only be against banning Betting/Prediction market that encourages or promote Safe Betting."? Could you elaborate please?
Where have you seen any sportsbook promoting "safe betting" please? All of them will restrict your account, ban you or even lock your funds if you only make profits from them.
In addition, it's wrong to say IMO "there is no such thing as Safe or Responsible Gambling. Gambling is unsafe and irresponsible." This study from Standford posted in another thread says the opposite : most people gamble safely and responsibly :
Quote
“There’s no doubt that gambling addiction exists, but these results indicate that the casinos are primarily entertainment destinations,” said Narayanan. “After all, a lot happens there other than the gambling — there’s the opulence to look at, the ability to sit and have a drink, or watch a show.”
[...]
“Most of them won’t play after a certain threshold of loss has been reached. They tend to be conscious that, in the long run, they are more likely to lose than win.”
This is why Narayanan is personally convinced gambling is, for the vast majority of people, entertainment. “It’s like going to the movies. They set a budget, and enjoy the time that passes while they spend it. It’s not a completely irrational activity.”
[...]
we find that people are two or three times more averse to losses than satisfied with wins.
http://stanford.io/X2lZbO[...]
“Most of them won’t play after a certain threshold of loss has been reached. They tend to be conscious that, in the long run, they are more likely to lose than win.”
This is why Narayanan is personally convinced gambling is, for the vast majority of people, entertainment. “It’s like going to the movies. They set a budget, and enjoy the time that passes while they spend it. It’s not a completely irrational activity.”
[...]
we find that people are two or three times more averse to losses than satisfied with wins.
