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Topic: You have to prove that you can take the loss - page 11. (Read 1632 times)

hero member
Activity: 1792
Merit: 536
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I think that the regulations and rules that were set in place by many governments are not sufficient enough to prevent gamblers from making drastic actions in their lives, especially to those facing severe depression, anxiety and addiction in gambling and other things related to it. Mental health I think should also be considered as a big loss would definitely affect their capability to interact in the real world. Make laws that would only allow gamblers with a strong mental faculty and just allow those who don't to only play lottery and small town legal gambling that only needs very small bets.
legendary
Activity: 1974
Merit: 1150
As practice shows, government agencies are absolutely indifferent to the effectiveness of their work - so you think about such details, but those who promote such regulation do not. That is why I am in favor of reducing government regulation in all areas (and in gambling too), since it is ineffective.
Of course the government can do it, but they dont want to change the rules they have made. Many rules from all lines of government must be changed, but who cares. People are those who have to comply with government regulation and anyone who violates them will be sanctioned. I would also argue that if thats for the best, reducing the rules might be a socially acceptable solution.
legendary
Activity: 2464
Merit: 1943
Leading Crypto Sports Betting & Casino Platform
I wonder how they are going to implement this is this through surveys anyone can lie of course, and if casinos are they going to use lie detector test this is vague and unclear they do want to protect but to the point of proving is like changing the behavior of the gambler totally, they can recommend consultation but not to the point of imposing it to gamblers.

As practice shows, government agencies are absolutely indifferent to the effectiveness of their work - so you think about such details, but those who promote such regulation do not. That is why I am in favor of reducing government regulation in all areas (and in gambling too), since it is ineffective.
sr. member
Activity: 1638
Merit: 300
This is insane, I never thought this would become a law, this is not gambler's friendly.
What they did is they want to limit including those gamblers who are responsible in what they are doing, come one, this is not good for the business TBH.

As far as I understood this would be valid for UK. Obviously the government found out that they have big problem with gambling addiction and they want to control it somehow. However, that doesn't mean that this will be successful solution and that will be accepted at first place. I guess it will not be easy to implement it

I think it is not that hard to implement knowing that these online casinos are already regulated. They could just look into papers and documents they have and check these sites for that. These might make gamblers change their sites into online casinos not based in UK, well, if they wanted to evade that.
legendary
Activity: 2912
Merit: 1068
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This is insane, I never thought this would become a law, this is not gambler's friendly.
What they did is they want to limit including those gamblers who are responsible in what they are doing, come one, this is not good for the business TBH.

As far as I understood this would be valid for UK. Obviously the government found out that they have big problem with gambling addiction and they want to control it somehow. However, that doesn't mean that this will be successful solution and that will be accepted at first place. I guess it will not be easy to implement it
full member
Activity: 1330
Merit: 147
Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling.
We can use it as an awareness, I think most of gambler didn't accumulate how much money that he spend to play gambling especially how much money that he suffered to lose. They are only play and if he lose they will add and make another deposit so on it will be like that. If this regulation is applied at least it will avoid foe those gambler who spend a lot of money in it. Although it will be hard thing to do, like gambling online especially that use crypto currency and gambling site that didn't have a licence from the government.
hero member
Activity: 1722
Merit: 528
This is insane, I never thought this would become a law, this is not gambler's friendly.
What they did is they want to limit including those gamblers who are responsible in what they are doing, come one, this is not good for the business TBH.

I hope they stick to UK though.

It will not affect all of the gamblers but the problem might spread to other countries as well. Still, that £100 per month cap is really small. I doubt an online gambler would bet such small amount in a month. I agree that this is not good for the business. Let's hope for the best though.
sr. member
Activity: 1148
Merit: 251

Therefore even if you loose 100 Euro , you might have to get ready to prove that , the loss was indeed flexible and you can take it . Unfortunately now the Government is looking forward to regulate the online Gambling since , the revenues from the offline casinos have taken a strong loss , online Gambling is now being preferred since it's safer and much needed during the pandemic.

Well, it seems that the government is neutral there. It's nice to hear that they are taking actions on these kind of issues.
It's a little bit funny that they also took the advantage to get some taxes on them.
Am I right? If the government regulate the gambling site, they will also be having some money (tax) from the casino?
I'm okay with this since some countries are having trouble economically, it's a good way to add it on their tax collection.

During this pandemic the government find ways to generate income through collecting tax so by having this regulations mostly affected the small time gamblers that needs to prove the lose. What I can see with this regulation it can also avoid addiction to the gamblers. Also depends on how they can manage their loses during the game. And this is an awareness to the new players that there is always a risks in this kind of game.
legendary
Activity: 3248
Merit: 1160
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This is insane, I never thought this would become a law, this is not gambler's friendly.
What they did is they want to limit including those gamblers who are responsible in what they are doing, come one, this is not good for the business TBH.
hero member
Activity: 1288
Merit: 564
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There will be no freedom if the government interfere to the rights of the gamblers and online casinos, they should not interfere because it is not their fault if someone losses huge amount of money in gambling. Every gamblers should be aware that there are 5 possibilities whenever they do gambling which is to win big, win small, breakeven, lose small and lose big. With proper knowledge and skills, a certain gambler can minimize the losses and maximize the gains.
It all depend on how we will be able to manage our gambling time and pays. It's hard when government will also make some arrangements in casino, there are plenty of problems now they need to focus with so they should leave casinos as is and let their people be responsible on their decisions regarding their gambling habits.
sr. member
Activity: 1162
Merit: 450

Therefore even if you loose 100 Euro , you might have to get ready to prove that , the loss was indeed flexible and you can take it . Unfortunately now the Government is looking forward to regulate the online Gambling since , the revenues from the offline casinos have taken a strong loss , online Gambling is now being preferred since it's safer and much needed during the pandemic.

Well, it seems that the government is neutral there. It's nice to hear that they are taking actions on these kind of issues.
It's a little bit funny that they also took the advantage to get some taxes on them.
Am I right? If the government regulate the gambling site, they will also be having some money (tax) from the casino?
I'm okay with this since some countries are having trouble economically, it's a good way to add it on their tax collection.
hero member
Activity: 2912
Merit: 556
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I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.
Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling.

The government can make that limit, but it is hard to control the limits if the gamblers are not doing by themselves. We have so many casinos that we can select to gambling, so we can spend the money as we want. And if we are losing the money without stopping for a while, but still continue playing, we will have more chances to lose more money.  But if we don't control ourselves, no matter if there is a limit for the gambler, the limit will be broken, which means we will lose the money, and of course, it will be difficult to get the money back.
sr. member
Activity: 952
Merit: 274
I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.
Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling.
There will be no freedom if the government interfere to the rights of the gamblers and online casinos, they should not interfere because it is not their fault if someone losses huge amount of money in gambling. Every gamblers should be aware that there are 5 possibilities whenever they do gambling which is to win big, win small, breakeven, lose small and lose big. With proper knowledge and skills, a certain gambler can minimize the losses and maximize the gains.
sr. member
Activity: 2030
Merit: 356
According to the source stated , the online Gamblers needs to prove that they can handle the losses . This decision was taken into account after the government had a lot of news regarding the gambling addiction and problem that was arising especially during the pandemic.

It's a proposal by Social Market Foundation therefore still not implemented.

Other than that , one needs to actually follow some rules if this gets cleared:


I wonder how they are going to implement this is this through surveys anyone can lie of course, and if casinos are they going to use lie detector test this is vague and unclear they do want to protect but to the point of proving is like changing the behavior of the gambler totally, they can recommend consultation but not to the point of imposing it to gamblers.

I am unable to understand that Rule. A gambler is already proving by investing in gambling that he can handle the loss. The government needs to understand that people deposit money in gambling and then play. There is no gambling in credit where you have to show the proof of funds. Those who have funds deposit the money and this is the proof that one can lose all this money or win from it.
hero member
Activity: 1260
Merit: 607
Leading Crypto Sports Betting & Casino Platform
I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.
Acceptance is needed in gambling, losing can always happen and it will depend on us how we wanted to stop it. Government can't deal with online gambling limits since we can choose to play in different casinos. If there is a limit in one casino, then we can go in other casino which is useless for implementation of limits. A reminder of addiction in gambling and what it can cause to us can help for those start thinking of gambling.
legendary
Activity: 3346
Merit: 1214
According to the source stated , the online Gamblers needs to prove that they can handle the losses . This decision was taken into account after the government had a lot of news regarding the gambling addiction and problem that was arising especially during the pandemic.

It's a proposal by Social Market Foundation therefore still not implemented.

Other than that , one needs to actually follow some rules if this gets cleared:


I wonder how they are going to implement this is this through surveys anyone can lie of course, and if casinos are they going to use lie detector test this is vague and unclear they do want to protect but to the point of proving is like changing the behavior of the gambler totally, they can recommend consultation but not to the point of imposing it to gamblers.
legendary
Activity: 2982
Merit: 1028
This regulation will be problematic to the casinos most especially, because their revenues will surely be diminished because of it. But on the other hand this is actually a good thing to gamblers. Many might be accepting this new initiative with grumbles but this is going to be beneficial to them.

Many will be saved from losing bigger amounts. Many will be saving time. Perhaps many will be kept busy doing something else rather than get too hooked on to gambling.

There's no regulation yet. It's a conception.

It  needs to balance the opinions of both business owners and those who are proposing this concepts. Government will decide after everything has been voice out.
Quote
Proposals from the Social Market Foundation (SMF) thinktank

A thinktank Cheesy it's not even an agency or anything just a group with their own agenda.
They probably want to be hired by the government to start checking people's accounts and their gambling histories and have the power to decide if someone is an addict and should be banned or not.

And the chance of corrupting them by bribing huge amount of money, especially those rich gamblers that can afford offering huge amount of money.
legendary
Activity: 2576
Merit: 1043
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Unfortunately now the Government is looking forward to regulate the online Gambling since , the revenues from the offline casinos have taken a strong loss , online Gambling is now being preferred since it's safer and much needed during the pandemic.
It would be for the betterment of the country so I think I would agree with the move of the government to regulate online gambling. Traditional Casinos took a big hit right now decreasing their monthly revenue so much already that is why Government are finding another ways to earn at least and online gambling is the one they are seeing right now.
Now the question is how they will do it. I mean how they can regulate it. Still a proposal though and there is no certainties that this will happen soon.

Regarding to the subject, I can take my losses in gambling but I don't think that I need to prove it Cheesy.
hero member
Activity: 2170
Merit: 528
This regulation will be problematic to the casinos most especially, because their revenues will surely be diminished because of it. But on the other hand this is actually a good thing to gamblers. Many might be accepting this new initiative with grumbles but this is going to be beneficial to them.

Many will be saved from losing bigger amounts. Many will be saving time. Perhaps many will be kept busy doing something else rather than get too hooked on to gambling.

There's no regulation yet. It's a conception.

Quote
Proposals from the Social Market Foundation (SMF) thinktank

A thinktank Cheesy it's not even an agency or anything just a group with their own agenda.

They probably want to be hired by the government to start checking people's accounts and their gambling histories and have the pwoer to decide if someone is an addict and should be banned or not.
sr. member
Activity: 1876
Merit: 318
I believe it will not be effective for the government to limit losses to gamblers who play on gambling sites. Such regulations will make
gamblers and online casinos uncomfortable, because from the start we decided to play gambling of course we have to be prepared with
the risk of experiencing a loss. And most gamblers are adults who can manage restrictions when playing gambling, there is no need for
the government to interfere.
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