Pages:
Author

Topic: The gambling black market thrives in Britain - page 3. (Read 873 times)

hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 13, 2021, 12:53:04 AM
#68
There are gamblers who will always play in a place where there is little or no regulations at all, some of these are hub of illegal activities like drugs and sex which you can't never find in a regulated casinos, this kind of places are being raided and authorities are always on the watch on this kind of gambling hub, many of them are bribing the authorities that is why they are thriving.

That place will be available in many countries, but we don't know where the place is because people who always visit that place will not tell other people that they don't know. They always take care to tell the place to other people because if they share the place with many people, the government and the police can raid the place and catch all people who play gambling on that place. If we don't want to get a problem with the government and the police, we better stay away from that place and only playing gambling on the legal casino around our city, but that is only if the gambling activity is legal in your city. But we can play gambling online, especially we all use crypto to gamble, so that will be no problem for us to play anytime and anywhere unless the casino blocks the connection in our country.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
February 12, 2021, 11:23:40 PM
#67


-Despite having Gambling as a controlled legal sport the black market continues to flourish. WHY ?
What are your opinions?
What are your thoughts ?
Have you ever tried Gambling in the black market ?

There are gamblers who will always play in a place where there is little or no regulations at all, some of these are hub of illegal activities like drugs and sex which you can't never find in a regulated casinos, this kind of places are being raided and authorities are always on the watch on this kind of gambling hub, many of them are bribing the authorities that is why they are thriving.

Indeed, despite of this current  situation there are still people who continue to work with this kind of business. Lots of illegal doers are still at large and government even they are doing adjustment part of their bodies are involve with this illegal activities.



If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
You are right, government shouldn't blame gamblers, it should ask itself what it is doing bad in the legal gambling area instead. Internet hasn't been designed for being easily regulated, it has been designed for being as decentralized as possible so people will always find a way to bypass government restrictions.

Gamblers will find ways to continue this kind of activities, they will look for convenience even there is risk. Most of them also involved with illegal activities.

They are enjoying this underground economy since they're qualified since the money that they'll bringing is also coming from black market, they are just continuing to patronize this kind of business.

Adjustments needs to start with government, adding strong and effective rulings making it more strict to combat this kind of activities.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
February 12, 2021, 06:57:16 PM
#66
This is exactly what I said - if you impose inadequate taxes, then people start to evade them and a black market arises. This also applies to other restrictions. The easiest way to defeat the black market is to have adequate rules and regulations in the white market.
It is good that we are on the same page but the problem here is that the authorities will have a hard time making leeway because that would mean that their revenue on taxes would be hurt significantly and a lot of their enforcement agencies will be losing their task force of cracking down underground gambling which is a parasitic cycle that they wouldn't want to end. And the leeway that I am talking about needs to be so public favoring that no one even wants to go underground anymore.

Yes, this is the essence of government work. They come up with problems, then come up with solutions (which cost money) and this is repeated in many areas. And based on this absurd cycle, it is assumed that government as a whole is useful (which is a controversial claim). If we do not resist the growing powers of the government, then over time the situation will be such that citizens will actually be recognized as incapacitated and all decisions will be made by officials.
sr. member
Activity: 1638
Merit: 300
February 12, 2021, 06:55:58 PM
#65
If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
You are right, government shouldn't blame gamblers, it should ask itself what it is doing bad in the legal gambling area instead. Internet hasn't been designed for being easily regulated, it has been designed for being as decentralized as possible so people will always find a way to bypass government restrictions.

Does this gambling black market include online casinos? There are a lot of online casinos they can play but I don't know if that is included there. Considering the fact that the country is experiencing the worst in this pandemic, they should also consider taking care of themselves and limit to go to these land-based casinos.

legendary
Activity: 2604
Merit: 2353
February 12, 2021, 05:39:45 PM
#64
If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
You are right, government shouldn't blame gamblers, it should ask itself what it is doing bad in the legal gambling area instead. Internet hasn't been designed for being easily regulated, it has been designed for being as decentralized as possible so people will always find a way to bypass government restrictions.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
February 11, 2021, 02:18:48 PM
#63
It is easy to see why there is a black market for gambling, casinos are heavily taxed and while they can still earn great profits out of it many people prefer to open illegal casinos and get more profits that way, but then why customers use illegal casinos? One answer is that they do not know they are using an illegal casino, but another option is that since the casino is not paying taxes they could offer better odds to their customers and they prefer to use such casino despite its illegal nature.

Its hard to digest that statement that they didn't know if the casino is illegal since they can always do a certain verification to know if they are dealing with legal and not, But what I think many people choose to play in black market gambling is due to restrictions what legal have also people want anonymity as well some of  black market casino is so exciting to play especially if we know the risk and how the play executed.
I really think that a great deal of the people that are gambling in illegal casinos do not really know that they are illegal, after all who is going to ask for a gambling license when they are gambling in a physical casino, very few people are going to do that, however as I said before I think that the biggest reason has to do with the odds, regulated casinos simply by the fact that they have to pay taxes have to offer worse odds in order to pay for that while a casino that is illegal doesn't have to do that and offers better odds and people for the most part are going to choose the cheaper product, sometimes even when they know such product is illegal, it is not correct but that is the way it is.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
February 09, 2021, 12:22:42 AM
#62
~
This is exactly what I said - if you impose inadequate taxes, then people start to evade them and a black market arises. This also applies to other restrictions. The easiest way to defeat the black market is to have adequate rules and regulations in the white market.
It is good that we are on the same page but the problem here is that the authorities will have a hard time making leeway because that would mean that their revenue on taxes would be hurt significantly and a lot of their enforcement agencies will be losing their task force of cracking down underground gambling which is a parasitic cycle that they wouldn't want to end. And the leeway that I am talking about needs to be so public favoring that no one even wants to go underground anymore.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
February 08, 2021, 04:10:40 PM
#61
If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
It is not just that, black market have a loyal customers and the head of the operations knows a lot of people. Not to mention that the money you mean on the underground are tax free, and if I am right, they do not profit big on gambling, they want the loan sharking part of the operations. It is partly the fault of legal gambling businesses and the authorities on why this underground gambling dens are not dying, the businesses are strict and the wins are not that great, on the authority side, they seem to enjoy the profits of corruption.

This is exactly what I said - if you impose inadequate taxes, then people start to evade them and a black market arises. This also applies to other restrictions. The easiest way to defeat the black market is to have adequate rules and regulations in the white market.
Even having that adequate rules and regulations in a legal market wouldnt still be a viable solution because there would be people/owners would really be going into this path.

Some would go align with paying up the right  tax and there would be some that wont really be tending to pay which do really ends on this.

Its no surprise that each government would really have different take when it comes to gambling industry or business.

I agree, no matter how regulated and neat gambling market is there will always be some who will turn to the dark side. It's just too tempting and it promiises good money.
I don't think that repression will actually help and I"m not fan of too strict measures and big punishments but sometimes governments don't have much choice and I guess that people who play honest, both owners and players, deserve that and message should be sent to the dark side of gambling industry.
sr. member
Activity: 2226
Merit: 347
February 08, 2021, 03:20:58 PM
#60
If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
It is not just that, black market have a loyal customers and the head of the operations knows a lot of people. Not to mention that the money you mean on the underground are tax free, and if I am right, they do not profit big on gambling, they want the loan sharking part of the operations. It is partly the fault of legal gambling businesses and the authorities on why this underground gambling dens are not dying, the businesses are strict and the wins are not that great, on the authority side, they seem to enjoy the profits of corruption.

This is exactly what I said - if you impose inadequate taxes, then people start to evade them and a black market arises. This also applies to other restrictions. The easiest way to defeat the black market is to have adequate rules and regulations in the white market.
Even having that adequate rules and regulations in a legal market wouldnt still be a viable solution because there would be people/owners would really be going into this path.

Some would go align with paying up the right  tax and there would be some that wont really be tending to pay which do really ends on this.

Its no surprise that each government would really have different take when it comes to gambling industry or business.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
February 08, 2021, 03:13:04 PM
#59
If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
It is not just that, black market have a loyal customers and the head of the operations knows a lot of people. Not to mention that the money you mean on the underground are tax free, and if I am right, they do not profit big on gambling, they want the loan sharking part of the operations. It is partly the fault of legal gambling businesses and the authorities on why this underground gambling dens are not dying, the businesses are strict and the wins are not that great, on the authority side, they seem to enjoy the profits of corruption.

This is exactly what I said - if you impose inadequate taxes, then people start to evade them and a black market arises. This also applies to other restrictions. The easiest way to defeat the black market is to have adequate rules and regulations in the white market.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
February 08, 2021, 09:15:51 AM
#58
Government of Britain should thrive to control the illegal gambling activities, its a risk hazard especially when they're trying to suppress the new variant. No license gambling platforms should immediately be shutdown and to those non compliant to health and safety regulations. People can go play online, why do they have to bet in physical bookies and risked their getting infected.

That is a good question. All I could think of for an answer really would be 2 things. First is the possibility that these gamblers don't know crap about the computer and don't know how to deal with online gambling so they don't waste time and just go to these places to easily play and place their bets. Second, I think is the thrill of playing on a physical and real place compared to doing it online which some would find boring and unattractive.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
February 08, 2021, 08:22:12 AM
#57
I'd be honest here, because of the experiences we had in our city, things would be dismal to law enforcement. Black market gambling joints are like mushrooms, that suddenly sprout our of nowhere. No matter how many times governments of the world are doing their best to curb black market gambling, these just keeps on springing up, most of the time in the far reaches of law enforcement in the rural areas. Poverty might also be a twin brother of gambling that some men tend to put their hard earned cash in these illegal gambling joints in the hopes of a quick buck.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
February 08, 2021, 01:50:55 AM
#56
If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
It is not just that, black market have a loyal customers and the head of the operations knows a lot of people. Not to mention that the money you mean on the underground are tax free, and if I am right, they do not profit big on gambling, they want the loan sharking part of the operations. It is partly the fault of legal gambling businesses and the authorities on why this underground gambling dens are not dying, the businesses are strict and the wins are not that great, on the authority side, they seem to enjoy the profits of corruption.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 06:53:16 PM
#55
People likely to gamble on the unregulated casinos or black market to avoid tax on their rewards because some countries has huge tax rates and almost 40% from the total rewards helps the black market to flourish.In UK gambling is completely regal if I am not wrong so the real reason is the high tax rates, so government needs to make some changes in their gambling act 2005 to stop the black money or else it is going to get bigger.

I've searched on google about the UK gambling tax and found out that gamblers are not taxed for any of their winnings from gambling, however, I am not sure if the same goes for gambling operators. This could be the reason why the gambling black market in the UK increased. Whether this could be the reason or not, illegal gambling cannot be eradicated, this kind of business had been existing since some players choose to gamble underground.

am certain legal gambling operators need to pay taxes for the govt. so this black market is to avoid taxes and gamblers are patronising it. because right now, there are so many restrictions as we are still in pandemic, so maybe this black market is not so strict with health protocols, why these gamblers are going in instead in legal casinos.

or is this report tackling more on online gambling market as stated on this article not the physical casinos on their area? - https://www.cityam.com/pwc-report-shows-british-black-market-gambling-doubled-since-2018/
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 06:19:32 PM
#54
If people prefer the black market (with all its risks and disadvantages) then this means that the government does a shitty job and the "white" market has the worst conditions. It works the same in all areas, excessive taxes, regulation and other restrictions on the rights of people lead to the fact that they try to avoid it and thus a black market appears.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 04:50:48 PM
#53
Initially I thought these are unlicensed sites, that go undercover to conceal their operations, unfortunately this actually was a walk-in illegal casino and just like what Op said it risks the people playing and those that they come into contact with. I hope UK does something about this ASAP as the virus continues to mutate. We wanna make sure the safety and security of the general public is secured especially during these types of situations.
hero member
Activity: 1820
Merit: 537
February 07, 2021, 01:08:42 PM
#52
People likely to gamble on the unregulated casinos or black market to avoid tax on their rewards because some countries has huge tax rates and almost 40% from the total rewards helps the black market to flourish.In UK gambling is completely regal if I am not wrong so the real reason is the high tax rates, so government needs to make some changes in their gambling act 2005 to stop the black money or else it is going to get bigger.

I've searched on google about the UK gambling tax and found out that gamblers are not taxed for any of their winnings from gambling, however, I am not sure if the same goes for gambling operators. This could be the reason why the gambling black market in the UK increased. Whether this could be the reason or not, illegal gambling cannot be eradicated, this kind of business had been existing since some players choose to gamble underground.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
February 07, 2021, 11:10:46 AM
#51
People likely to gamble on the unregulated casinos or black market to avoid tax on their rewards because some countries has huge tax rates and almost 40% from the total rewards helps the black market to flourish.In UK gambling is completely regal if I am not wrong so the real reason is the high tax rates, so government need to make some changes in their gambling act 2005 to stop the black money or else it is going to get more bigger.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 09:41:15 AM
#50
Black market gambling will always be around and not only in Britain but every where. Why? Cause some people enjoy it cause of the free will to do anything.

One way the government can reduce it since its inevitable to take it down completely it is to regulate the gambling industry with this some people won't think of the black market.

And no, I would never try the gambling black market, that is too much risk.

Before the government applies the regulation, they need to search for illegal gambling places because I am sure the place will be at a hidden place, and that will need time before the government can find it. People who come to the illegal gambling site will not talk to someone they do not know because they will not want to risk that. Maybe the government can use the other way, such as asking from the people they caught because of some illegal thing. But that will not always work as the illegal gambling place will have a back up from the corrupt officials.
full member
Activity: 2128
Merit: 180
February 07, 2021, 08:06:49 AM
#49
I've tried gambling on a black market before, where Fruit game or a slot machine in my place are scattered all over the area but since the authorities are doing their job to arrest those illegal gambling, I decided to stop playing and don't want to put myself on a bigger risk. Anyway, I just read the news about Thailand hunting the illegal gamblers and now its on Britain, looks like the authority really need to collect huge taxes this year to cover all the expenses because of pandemic. Don't wait for the authority to caught you, stop your illegal transactions with gambling now before its too late.
Pages:
Jump to: