Merry Christmas to all our football and horse racing fans. Have a great day and let’s make 2023 an even more profitable year and your tipster making you lots more winners. Enjoy Boxing Day’s racing tomorrow and stay tuned for our free horse racing tips.
In the UK, gambling is a multi-billion pound industry. It employs tens of thousands of people and generates income for the government in taxes. There are plenty of people out there who use it as an escape from stress and a fun pastime.
However, because of the sheer scale of our industry, there comes a social responsibility within gambling to ensure that it is operated in a responsible manner.
This means that institutions and businesses have a duty of care to their customers to protect them from harm and help them on their journey to safe betting. In this blog post, we will discuss what responsible betting is and how people can ensure they don’t go too far with it.
Large companies and even smaller tipsters and sites like ours have to understand how people can work together to improve standards of safer gambling. To enjoy this for decades to come – it’s crucial we look out for our industry and keep people playing in the right ways.
What is social responsibility within gambling?
It covers a range of topics and measures that betting operators can take to protect their customers. This includes helping customers stay in control of their spending, providing information on where to get help if they have a problem, and ensuring that the act does not cause crime or disorder.
It also means having strong policies and procedures in place to prevent underage gambling and money laundering and being a responsible member of the community by contributing to social causes.
This is always meant as a fun pastime, not an income generator. So understanding the risks associated is the first step to ensuring everyone taking part realises this too.
In short, social responsibility within gambling is all about making sure that people gamble safely and responsibly, without causing harm to themselves or others.
There are a number of things that individuals can do to ensure they pace themselves and take it to a point that affects them negatively:
Managing Your Own Fun
1# Disposable Income
Firstly, people should always be encouraged to gamble only with money that they can afford to lose. It’s like any other form of entertainment – you don’t go bowling expecting to receive a big payout after the game. It’s just for a bit of fun.
While certain methods of betting and utilising the best resources can see you achieve the ultimate bonus every now and again, we need to remember that not every day will bring a win.
2# Create Boundaries
Secondly, they should set limits on how much money they are willing to spend and stick to those limits. Once the limit has been reached, they should stop betting.
This includes any wins. If you pay attention to some of our reviewed and reputable tipsters and it pays off – don’t then go spending the same amount again because you’re up.
Once you have reached the set boundary, take a break, walk away and enjoy whatever you bring home. Don’t go chasing your losses but take the opportunity to invest in other hobbies and pastimes instead.
This way, it is harder to get stuck in the cycle of more, more, more, even if you do find yourself in a good position at the end of a race.
3# Step Away
It’s also a good idea to take breaks from betting from time to time. This will help you to stay in control of spending and give you time to assess whether particular methods or behaviours within your betting are causing any problems.
It’s not just the better that can become impacted by irresponsible gambling. In fact, people around often feel the effects even more greatly and earlier on. It can be incredibly damaging to social lives, work and home life if things get out of control.
Keeping it fun will ensure you can make this a part of your life, not your whole life. Enjoy it with others, instead of focusing all your time and money on betting.
Spotting the Signs
If you are worried about a lack of social responsibility within gambling or the betting habits of someone close to you, there are a number of signs that you can look out for which may indicate a problem.
These include:
– Gambling more money and more often
– Chasing losses by betting again in an attempt to win back what has been lost
– Lying about it or hiding it from other people
– Borrowing money to bet or selling possessions in order to finance betting
– Feeling irritable when not betting or feeling unable to stop
Compliance With Safer Betting Requirements
There are a number of organisations in place that work to ensure social responsibility within gambling.
In the United Kingdom, this includes the Gambling Commission, which is responsible for regulating commercial betting in Great Britain. They aim to keep crime out of our industry, protect children and vulnerable people from being harmed and make sure that betting is conducted fairly and openly.
The UK also has a National Responsible Gambling Strategy Board, which was set up in 2014. The board works with a range of partners across the industry to deliver social responsibility initiatives and improve standards around safer gambling.
You may also have noticed plenty of signage and messaging around betting shops and online encouraging people to stop when the fun stops. All of the external advertising must be done so truthfully and to build awareness about safe betting.
Be Gamble Aware is an organisation that approaches these issues head on – offering support for those who have taken it to a point of negative impact.
They offer a 24-7 helpline, live chat and plenty of resources for anyone who thinks they may have a problem.
However, this doesn’t mean everything has to stop. Regaining control and understanding the best way to improve your betting habits are both possible when you understand the risks associated. That’s why organisations and sites like ours are working to improve social responsibility within gambling.
- Preventing underage betting
Every precaution is taken both online and within shops to ensure checks are made for minors attempting to gamble. A clear registration process and ID checks are amongst the legal requirements for platforms before an individual can place a bet.
- Protection of vulnerable adults
For those who do not have much disposable income as it is, betting can quickly become a pastime that turns into a life-changing habit.
Enforcing betting limits and allowing gamblers to see their time elapsed online are a couple of ways we can assist others in enjoying responsible betting.
These are all ways businesses work to ensure their customers remain engaged with their boundaries. This keeps the industry fair and open – allowing you to indulge in a way that is entertaining but not negatively impacting you.
And Finally…
Ultimately, it is important that both individuals and companies take social responsibility within betting seriously in order to create a safe and fun environment for all.
People can do their bit by ensuring they gamble with money they can afford to lose, setting limits on spending and taking breaks from betting from time to time.
Organisations also have a role to play in social responsibility within gambling, with many working hard to improve standards and compliance around safer betting.
However, it is only through continued collaboration between individuals and organisations that we will be able to create a truly safe environment for all.
This is a collaborative effort to improve social responsibility within gambling. We aim to keep crime out of the industry, protect children and vulnerable people from being harmed, and make sure that betting is conducted fairly and openly.
Part of doing so is ensuring you have access to reliable and trusted sources. The aim of Tipster Judge is to review sources and allow you the opportunity to bet resourcefully.
We hope you found this post helpful. If you have any questions or would like to share your experiences with us, please get in touch. Alternatively, if you need access to other helpful resources, we can point you in the right direction!