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An Unsafe Bet?: The Dangerous Rise of Gambling and the by Jim Orford

By Jim Orford

An hazardous wager? the harmful upward thrust of playing and the talk we must always Be Having unearths how playing represents a probability to public health and wellbeing as a result of its inherent habit power, that's being deliberately downplayed through the playing and governments. Lays naked the level of playing and its results on societyExposes the hindrance for coverage makers, who're charged with preserving public overall healthiness but additionally more and more depending on sales earned from gamblingWritten by means of Jim Orford, an across the world revered authority at the topicInternational examples increase the argument and display the worldwide stakes concerned

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Extra resources for An Unsafe Bet?: The Dangerous Rise of Gambling and the Debate We Should Be Having

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69 If the aim of the British Government, when it decided to go for the most liberal option of legalising all internet gambling for British operators and players, was to make sure that Britain was at the forefront of the expansion of online gambling, then it appears to be succeeding. According to one review published in 2007, just over 100 online gambling sites were operating in the UK, a number only exceeded by Costa Rica, Antigua and Barbuda, Kahnawake Mohawk Territory in Quebec, Curacao and Gibraltar.

This itself is staggering, showing as it does how many different ways of gambling are now legally available to people in Britain. What the list also indicates is the growing diversity of gambling opportunities and the growing complexity of the field. In fact the 2006/07 survey was the second of its kind, the first having been carried out, also by NatCen, seven years earlier in 1999/2000. At that time only 11 forms of gambling were asked about. In the year prior to the earlier survey, back in the closing years of the twentieth century, forms of gambling such as FOBMs, online betting with a bookmaker, and virtual gaming, betting exchanges, and spreadbetting, either P1: OTA/XYZ P2: ABC c02 BLBK317/Orford September 17, 2010 40 12:49 Printer Name: Yet to Come An Unsafe Bet?

If the gambler decides to buy (go long) at £10 for every one dollar movement, £10 would be made for every rise in price above 155, but £10 would be lost for every fall in price below 155. 77 It can be seen from that simple example that the wider the ‘spread’ offered, the less advantageous it is to the gambler. More importantly it can be seen that, unlike what happens in all other forms of gambling, where the player loses no more than the stake, in spread betting wins and losses are determined by the degree to which the player gets the bet right or wrong.

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