| Gambling 20:28 - Feb 4 with 6596 views | Basuco |
In a study by the University of Oxford they found 218,000 Britons spend more than £1,800 a month on gambling, the project analysed the spending of 6.5 million Lloyds bank customers. While some will be able to sustain this, there will be many who can't, these are incredible levels of gambling. |  | | |  |
| Gambling on 20:42 - Feb 4 with 5337 views | J2BLUE |
Have you got a link please? |  |
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| Gambling on 20:56 - Feb 4 with 5300 views | Darth_Koont |
Jesus H.
That really isn’t good for anyone apart from gambling firms. |  |
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| Gambling on 20:58 - Feb 4 with 5298 views | Basuco |
| Gambling on 20:42 - Feb 4 by J2BLUE |
Have you got a link please? |
It is on twitter from Tom Witherow.
[Post edited 4 Feb 2021 20:59]
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| Gambling on 21:02 - Feb 4 with 5287 views | footers |
This was a great listen today from Goldman's head of commodities on the attempted silver short squeeze in terms of the metal's history in populism. The people are so fundamentally worse off that they turn to speculation and other forms of economic power - such as silver vs govt. gold, crypto vs fiat, etc - just to maintain a stake in the economy.
In short, people poor, internet money machine go brrrr.
http://player.megaphone.fm/BLM9154058570 |  |
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| Gambling on 21:11 - Feb 4 with 5247 views | J2BLUE |
| Gambling on 20:58 - Feb 4 by Basuco |
It is on twitter from Tom Witherow.
[Post edited 4 Feb 2021 20:59]
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Thanks. And thanks Facters.
That's an incredible figure. £180 would have got my attention. £1800 is insane. | |
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| Gambling on 21:13 - Feb 4 with 5234 views | footers |
| Gambling on 21:11 - Feb 4 by J2BLUE |
Thanks. And thanks Facters.
That's an incredible figure. £180 would have got my attention. £1800 is insane. |
Some of us just love Keno...
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| Gambling on 21:20 - Feb 4 with 5208 views | jeera |
| Gambling on 21:11 - Feb 4 by J2BLUE |
Thanks. And thanks Facters.
That's an incredible figure. £180 would have got my attention. £1800 is insane. |
That's a nice compliment to Facters there. |  |
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| Gambling on 21:21 - Feb 4 with 5202 views | jeera |
They want bloomin' 8 quid to read it! | |
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| Gambling on 21:22 - Feb 4 with 5197 views | J2BLUE |
| Gambling on 21:21 - Feb 4 by jeera |
They want bloomin' 8 quid to read it! |
I bet you no one will pay it. | |
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| Gambling on 21:23 - Feb 4 with 5181 views | jeera |
| Gambling on 21:22 - Feb 4 by J2BLUE |
I bet you no one will pay it. |
I know of just over two hundred thousand people who might take you up on that. | |
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| Gambling on 21:27 - Feb 4 with 5172 views | Darth_Koont |
That’s just a small percentage. And probably going to be spent on maiming Yemenis. Or building moats. Or buying faulty PPE.
I’m exaggerating but tax isn’t an upside. It’s always proportional (and proportionally smaller) to the damage. | |
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| Gambling on 22:28 - Feb 4 with 5056 views | factual_blue |
| Gambling on 21:20 - Feb 4 by jeera |
That's a nice compliment to Facters there. |
My body is a temple.
Think Parthenon. |  |
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| Gambling on 22:37 - Feb 4 with 5043 views | JakeITFC |
A clarification because I think the headline is misleading, just because these people deposit >£1,800 month, they don’t necessarily spend it (that is to say every person in this study could withdraw £1,900 the next day in theory and the headline would still be applicable).
I think a net spend figure would be more instructive here and I think it damages the result of the study that has some genuinely important insight to add. |  | | |
| Gambling on 13:11 - May 25 with 4600 views | ViksHrks |
This article is telling how much money they are spending on gambling, but it is not telling. For example, I am practicing crypto betting. I spend two thousand dollars a month on it. I usually bet using LiteCoin, Bitcoin, and Ethereum. I started it when I was a student, and many of my relatives were contra the fact that I am betting. The years passed, and I obtained experience in this domain, and it became my second source of income, I can't say that I am making so much money that I don't need to work anymore, but additional money is never something bad.
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https://sportsbetter.io/ltc-sports-betting/ [Post edited 29 May 2021 10:04]
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| Gambling on 13:12 - May 25 with 4581 views | chicoazul |
Does that include pensions and investments. |  |
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| Gambling on 13:33 - May 25 with 4528 views | J2BLUE |
| Gambling on 22:37 - Feb 4 by JakeITFC |
A clarification because I think the headline is misleading, just because these people deposit >£1,800 month, they don’t necessarily spend it (that is to say every person in this study could withdraw £1,900 the next day in theory and the headline would still be applicable).
I think a net spend figure would be more instructive here and I think it damages the result of the study that has some genuinely important insight to add. |
Interesting point. The matched betting company I am a member of has had 120,000 UK members so there could be plenty of people moving money around for that reason.
Not to minimise the problem the UK has with gambling of course. | |
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| Gambling on 13:39 - May 25 with 4516 views | The_Romford_Blue |
Whilst the point is interesting, it’s definitely worth highlighting that the headline and that number are inflated.
I would be one that would be in that bracket (I know the amount as I track it and it’s more than thag per month). However, for me and a lot of people, it’s not actually £1800. Someone may deposit £100 on a the first morning of the month, and that £100 with wins and losses over the next two weeks, have bet a grand but still have that same £100 in their account. If they then lose the £100 on the last day of the month, it’s a £100 loss but would’ve have officially gambled over 1k.
I’m not saying there isn’t an issue with some people as their clearly is but that number is used to scaremonger people without thinking that £1,800 isn’t actually spent. It would usually be a fraction of that that is actually deposited. |  |
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| Gambling on 14:01 - May 25 with 4456 views | EddyJ |
| Gambling on 13:39 - May 25 by The_Romford_Blue |
Whilst the point is interesting, it’s definitely worth highlighting that the headline and that number are inflated.
I would be one that would be in that bracket (I know the amount as I track it and it’s more than thag per month). However, for me and a lot of people, it’s not actually £1800. Someone may deposit £100 on a the first morning of the month, and that £100 with wins and losses over the next two weeks, have bet a grand but still have that same £100 in their account. If they then lose the £100 on the last day of the month, it’s a £100 loss but would’ve have officially gambled over 1k.
I’m not saying there isn’t an issue with some people as their clearly is but that number is used to scaremonger people without thinking that £1,800 isn’t actually spent. It would usually be a fraction of that that is actually deposited. |
The data comes from bank records. Does that not suggest that £1800 is deposited per month? i.e. the individuals could be gambling significantly higher amounts. | | | |
| Gambling on 14:10 - May 25 with 4427 views | Keno |
| Gambling on 21:13 - Feb 4 by footers |
Some of us just love Keno...
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What?? |  |
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| Gambling on 14:20 - May 25 with 4407 views | The_Romford_Blue |
| Gambling on 14:01 - May 25 by EddyJ |
The data comes from bank records. Does that not suggest that £1800 is deposited per month? i.e. the individuals could be gambling significantly higher amounts. |
Well not necessarily because it wouldn’t involve withdrawals.
I think it’s slightly misleading personally | |
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| Gambling on 16:23 - May 25 with 4331 views | 26_Paz |
Wow, that’s crazy. Unless you’re very well off that’s going to be hugely problematic! |  |
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| Gambling on 02:09 - May 27 with 4176 views | ClareBlue |
Yes it is very misleading. There are significant numbers who withdraw at the end of a day or week then deposited again the next week or so. The majority of gamblers do not leave sums in the account and significant numbers withdraw what is there. It absolutely has to be net deposits and by not doing this it is poor research. | | | |
| Gambling on 02:51 - May 27 with 4154 views | Barneycurley |
The problem is clearly made worse by the continual trend of online gambling. As many will know the more you can remove the very fact of handing over cash the less impact it has in the brain that regulates spending.
Its a worry that's for sure, hopefully technology as it often does provides a solution to combating the spending patterns etc.
I am happy to admit I got into a loop which I am now out of but its very, very easy to lose control these days. |  |
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