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Recent legislation this year (2018) saw the maximum bet you can place on a betting terminal slashed to just £2. Great for some but not so much for others. But why has the government decided to take measures now, especially when they get a slice of the profit themselves?
If you are a gambler, then you’ll probably know what a fixed odd betting terminal is. If not, these are the machines found across the globe in betting shops, that allow you to place your bets. Up till now, the maximum bet has been £100 which means there have been some big winnings for those who can afford it and controversially.
However, after a year of heated discussion, with gambling declared a ‘social blight’ by the government, a new law was released in May limiting maximum bets to a total of £2. It’s all part of a plan to introduce social responsibility, of which many betting providers and companies have apparently not been adhering too. In 2017, the Times also released an article stating that gambling has risen by 50% over the last three years, and given the current economic climate, it’s not much of a surprise. With an average of £100 being lost every 20 seconds, this new law hopes to keep the fun of gambling but also help people with their finances too.
Yet this new law is not affecting online casinos, where bets can still be placed up to any value.Discover more about online gambling sites here. It’s anticipated this law may stop higher bets being placed within a store but won’t stem the tide of players online. With new technologies, better games and more lucrative awards available on these sorts of sites, the question everyone is asking is whether this law will really make a difference?
So, whilst this measure may help more vulnerable families in the long run, there are some other implications to be considered. Mostly, the loss of what could be up to 21,000 jobs across the board and the closure of many betting shops. These cuts could also impact on the treasury and its funds, with the The Institute of Economic Affairs (IEA) stating that the losses bought about through this measure would mean taxpayers would have to pay more to make up for what it brings in. Gambling duties bring in 25% revenue of the total generated by Fixed Odds Betting Terminals. And with one of these generating an average of £46,315 in 2014(a figure which has no doubt has risen exponentially with the rise in gambling), that’s a tidy sum the government are adding to their coffers.
It’s a controversial issue. So whilst this new law will hit betting shops hard, it does mean that gamblers can still enjoy the thrill and luck of gambling games, just perhaps not quite to the extent they once enjoyed.With the law being so recent, time will tell whether these government measures have helped or harmed a booming industry. Visit homepage for more.
We have already seen various articles in the news or numerous videos about people betting on the strangest and most jaw-dropping things. But what are the relatively normal things people can bet on?
1. Websites – in an age where most things are now done digitally, it’s no surprise you can have a say and also a cut of what goes on with most online sites. As it’s legal to bet on websites, it’s no surprise it is rather a popular way of (hopefully) winning a little bit of cash. Bets can be placed on how popular a site it, perfect for those of you who know some big website very well. If the ranking shifts up, you can expect to see your fortunes rise a little too.
2. Videos – whether they are controversial, informative or just a Youtube blogger who talks about anything for an hour, videos are also becoming an increasing popular outlet for placing bets. Various games and sites can help you towards some winnings, one of which is VideoIPO which basically tasks you to find the best videos out there for some cash reward. Netflix may be offering money to sit and watch TV shows as a career, but with VideoIPO there’s a little bit more flexibility and basically offers a very similar thing.
3. Technology – now this is certainly worth an investment and in this day and age, with robots doing the much-hated housework for you, you can actually do pretty well by placing some bets on new and upcoming technologies. Technology investments actually make up a quarter of the stock market in 2018. There’s plenty of websites out there that basically let you buy and sell shares in technology, but one notable site is Buzz Game brought to you by Yahoo. You can basically make your way to the top by being canny and figuring out what the best investments are for you.
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4. Sports – sports betting is probably one of the most popular forms of gambling out there and it’s legal. Nowadays, you can pretty much bet on any type of sport, from football to racing to basketball. Bets can be placed the traditional way through a bookmaker or now, thanks to computers, phones and the internet and basically even better technology, can be placed online. Popular websites include Paddy Power and William Hill, and most of these sites also offer online slot games too.
5. Stocks – investing in stock is a hugely popular and a great way for those looking to save to get some extra money in the bank. Spread betting is also a new concept that has developed over the last few years, whereby you do not own any actual stocks or shares in the business but sit back and predict whether the stock will rise or fall, with the help of brokers. Some of the best ones to go through are IG, Spreadex and ETX Capital.
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Recent legislation this year (2018) saw the maximum bet you can place on a betting terminal slashed to just £2. Great for some but not so much for others. But why has the government decided to take measures now, especially when they get a slice of the profit...
We have already seen various articles in the news or numerous videos about people betting on the strangest and most jaw-dropping things. But what are the relatively normal things people can bet on? 1. Websites – in an age where most things are now done digitally, it’s...