A lot of people take issue with the idea that they are not capable of managing their own money. For every problem gambler there are hundreds that bet responsibly and even some that do very well out of it – what right does anyone have to tell them what they can and cannot do with their money?<\/p>\n
As the Betting and Gaming Council (BGC) themselves have said in response to this report:<\/p>\n
“We disagree with the suggestion of an arbitrary and random low cap on spending and can think of no other area of the economy where the government determines how much an individual can spend.\u201d<\/p><\/blockquote>\n
Thinking about the implementation of the \u00a3100 limit; what if someone wins, withdraws, then wants to deposit again? What if they want to deposit across multiple different betting brands? What if they have \u00a3100 worth of bets on long term outrights but also want to bet a few pounds in-play or on the slots?<\/p>\n
There are just too many variables for a betting company to realistically be expected to keep track of everyone.<\/p>\n
My Opinion<\/h2>\n
As you may already be able to tell, this report doesn’t seem like a good idea to me.<\/p>\n
I can get behind the gambling tax reform, it makes sense to me to give companies who bring their business to this country tax breaks; and I can even get on board with lower stake limits on slots, they did it to FOBT’s and people still play them, after all.<\/p>\n
But the monthly betting limit is a step too far for me. A few steps too far in fact. It’s impractical and bordering on oppressive, which crosses the line of protecting people and turns into an attempt to control people.<\/p>\n","protected":false},"excerpt":{"rendered":"
How would you feel about someone putting a cap on the amount you are allowed to gamble each month? Well that is exactly what cross party think tank, The Social Market Foundation\u00a0(SMF), is suggesting. The idea is that it would further improve protective regulation, but it also comes with its problems. The suggested rule change…<\/p>\n","protected":false},"author":3,"featured_media":1577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[28,31,117],"acf":[],"yoast_head":"\n
\u00a3100 Monthly Limit on Gambling Says Think Tank - NewBettingSites.co<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\t\n\t\n\t\n