The Risk of Online Gambling Addiction

Corona Pandemic Increases the Risk of Online Gambling Addiction

Sports betting has been around for a long time in various forms, all of which are oriented towards the results of sports competitions. But what if all major sporting events are canceled because of the Covid-19 pandemic?
Most bookmakers reacted immediately and jumped into the virtual world, increasing competition from long-running online betting companies. There are various forms of betting offered: virtual sports matches, bingo games, poker, to virtual casinos.

The situation is dangerous for those with a potential gambling addiction, say experts and activists who are working on dealing with addiction. “This is a great storm,” said James Grimes, a recovering gambling addict who now campaigns against gambling ads on sports through his organization The Big Step.

“For people who don’t normally gamble, they may see gambling as merely entertainment to fill the void. But there are also many people who are affected financially. Gambling advertisements create the wrong impression that gambling is the right way to make money fast. , “James Grimes told DW.

Online Gambling Addiction Improved rapidly

Many governments and health authorities are now observing a rapid increase in online gambling and betting. The Belgian government recently tightened the rules for online betting by announcing a deposit limit of € 500 a week. But that rule can only be applied to managers of local betting sites. The Spanish government has imposed a limit on gambling ads which can only be shown during the four-hour period, between 1 and 5am. Latvia has banned online gambling until social restrictions are lifted.

However, it is not easy to limit online gambling. Sources working in the field say the transition to virtual and skill-based casino games such as poker and backgammon has been increasing rapidly around the world.

A study by the UK Gambling Commission recently found that 1.2 percent of people who gamble have a serious problem. For online gambling, that figure is even higher, at 2.5 percent.

Online betting companies are also getting creative. Bet365, one of the world’s largest betting sites, for example broadcasts virtual football matches between the fictional Chelsea Pensioners and the Manchester Blues. People can bet on the result of the match, total goals, first team to score, etc. (Online Gambling Addiction)