It has been announced that last year British gamblers lost a record high of £12.6bn on Fixed Odds Betting Terminals. These figures were released by the Gambling Commission which also revealed that player’s losses on gambling have steadily increased since 2011. The amount of money lost by players has increased from £11.2bn in 2014 to £12.6bn in 2015 due to the inclusion of online gambling statistics. Online gamblers lost £3.6bn on casino games with fixed odds.
Gamblers Spend More On Online Betting
The statics released by the Gambling Commission show that more gamblers wagered on online casino games, such as bingo and sports betting, than the Nation Lottery. Online betting accounts for a third of the money British players lost on fixed odds betting terminals, which includes games such as Roulette.
Campaigns Call for Gamblers to Spend Less
Some campaigners have called for a change in policy to reduce the money players can spend on Fixed Odds Betting Terminals. Currently the maximum that players can spend on these betting machines is £100. These groups are calling for the limit to be decreased to £2. This is due to the fact that these betting terminals are allegedly highly addictive and linked to gambling problems. In 2016 one gambling operator paid a fine of £280, 000 after it was found guilty by the Gambling Commission of encouraging a problem gambler to continue to gamble. It is alleged that the man mostly played Fixed Odds Betting Terminals.
How to Over Come a Gambling Problem
If you notice that you have a problem controlling your gambling habits, you might have a gambling problem. It is advised that you look for help from organisations who help with problem gambling. The first step would be to inform your online casino so that they can put some kind of restrictions on your account to help you overcome your problem.
