According to the Sunday Times Business section (Oct 8th 2006), the UK government's wish to take the lead in the online gambling sector is spelt out in a briefing note obtained under the Freedom of Information Act which says:
"It is government-wide policy, and that includes HMT [Her Majesty's Treasury], that Britain should become a world leader in the field of online gambling, in order to provide our citizens with the opportunity to gambling [sic] in a safe, well-regulated environment."
Incomprehensibly, it seems, Prime Minister Tony Blair and his government don't seem to understand the fundamental gambling concept of 'winners' and 'losers'?
Yet the logic behind organised gambling is relatively simple. It goes like this. The public hand money over to the gambling operators or 'winners' and over a period of time, usually quite short, the public receive back less or none so the public are the 'losers'.
To claim that the fundamental nature of this transaction can be made 'safe' is, arguably, the same as saying that smoking can be made 'safe' for your health.
The simple fact is that a gambling transaction is not the same as a normal fair trading transaction. In a normal trading transaction one party exchanges something of value with another party for an agreed sum of money. The outcome is agreed and clear.
However, in a gambling transaction between a gambling organisation and a member of the public, money is handed over by the public and, over a number of transactions, less is received back or nothing at all. In this case, the outcome of receiving back less money is fundamentally not what the member of the public hopes for and expects (however irrationally).
In a proper trading environment, regulations exist to ensure that the description of the service or goods being traded are accurate and the nature of the transaction is not misrepresented to help the customer make a rational decision.
Investors are therefore told that the value of investments they are considering may go up or down.
What then is the belief of a member of the public when they engage in a gambling transaction with a gambling organisation? Surely the fundamental, underlying representation is that the member of the public can actually come out ahead. It is the belief that, over a number of transactions, they can actually win. Yet the gambling 'odds' are set so that over a number of transactions, the member of the public will lose.
Just as with cigarettes, Joe Public may get away with one or two smokes but the cigarettes will get him in the end and his health will be damaged until he stops.
However, gambling does not need to be banned. To do so would make matters worse as was proved during early 20th century attempts at prohibition.
All that is needed is to make it a
legal requirement for the nature of the gambling transaction to be
crystal clear immediately prior to the gambling transaction taking place.
The gambling operator knows the odds and so should the public at the point of decision.
Gambling transactions should, by law, carry a similar warning to cigarettes that makes the transaction outcome, as one of a number of transactions, crystal clear.
Try putting the following on real world or online gambling tables and slot machines, for starters:
'Odds have been mathematically calculated to ensure that, over a number of transactions, you will LOSE your money.'No doubt, some amongst the general public will nevertheless still hand over their money to gambling organisations just as others buy cigarettes despite current extremely explicit health warnings.
The social costs of gambling for those that become addicted and their families are well documented.
Apart from the belief that anybody can 'make a quick buck', which surely will only act to blight our society, it appears Britain will gain little from this Labour government sponsored increase in gambling.
It is time for Prime Minister Tony Blair and his supporting Members of Parliament (MPs) to remember their social conciences and act quickly to mitigate the effect of the gambling policy described in the briefing note above by requiring accurate and informational warnings at every point of gambling transaction.
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