Singapore Problem Gambling

[Sdf4786k]

Both article on same day same page!

Fake news?

  [laugh]  

 

thats called balanced reporting. 

 

Support both end of the issues can do no wrong..

 

Must be getting alot of trainning when dealing with the spouse and the parents during an argument..

[Victor68]

well, when we have a population of 2.5 million, X number of gamblers recorded. Although I also dont know how to define that. Now we have 8 million, percentage drop lah. bring in 10 million, lagi good result. 

[inlinesix]

well, when we have a population of 2.5 million, X number of gamblers recorded. Although I also dont know how to define that. Now we have 8 million, percentage drop lah. bring in 10 million, lagi good result. 

 

You might need check your numbers again.

 

Don't embarrass yourself by quoting the wrong numbers.

[Victor68]

You might need check your numbers again.

 

Don't embarrass yourself by quoting the wrong numbers.

so sorry, obviously i am not stating the most accurate numbers. what i meant is simply, higher population means lower percentage if number of gamblers didn't increase proportionately. alamak my layman mind too simple lah hope you dont mind. 

[Zxcvb]

https://youtu.be/i-TFg2HoXVw

 

https://youtu.be/-VzVxEstOmY

 

 

[Ysc3]

 

Man hopes to win big on soccer bets and repay loan shark debts, loses $8k in a week instead

Hoping to use the winnings to repay his debts, a man placed bets on World Cup soccer matches, but ended up losing $8,000 in a week instead.

The 44-year-old private-hire vehicle driver placed bets on nearly every match, despite being reportedly unclear on the details of the matches or the teams, reports Lianhe Wanbao. 

He said:

“I will never dare to “try my luck” this way again.”

The man who declined to be named, told Lianhe Wanbao that he was diagnosed with a kidney disease 18 years ago. 

He originally worked as a taxi driver, but later switched to driving a private-hire vehicle instead. He said that he fetched home more than $2,000 each month, and was able to cope with daily expenses. 

However, he has a habit of drinking when he is troubled, and visits various nightspots at least two to three times a week. Each time, he would spend at least $200.

He said:

“When I realised that I did not have enough money, I started borrowing from loan sharks. Each time, the amount borrowed ranged between $300 and $1,000, 

“I myself, am unsure how much money I owe, but for these past few years, I have been trying to clear my debts. Every week I’ll pay around $370 to $490.”

With the World Cup fever in full swing, the man later received a message inviting him to open a betting account and place bets on the upcoming soccer matches. At first, he was still a little sceptical and simply wanted to test it out. 

When he unexpectedly won money from his bet, he became emboldened. He started placing larger bets, thinking that he was “favored by the god of luck”.

He even planned to repay all his debts with his winnings. 

Worse still, he confessed that he did not know a thing about soccer:

“Actually, I don’t know much about soccer at all. I don’t know which team is good or which team is the underdog. I just placed bets on nearly every match based on my intuition. 

“The most money I lost on a single match was $1,500, and $2,400 within a single day.”

Within one week of the World Cup opening, the man already lost $8,000. It was then he realised the extent of his folly, and terminated his betting account. 

After that, he borrowed from three moneylenders and a loan shark to repay the $8,000 gambling debt. 

He said that he now needs to pay $1,095 weekly for the debts and is unable to cope financially. As such he has turned to the National Council of Problem Gambling (NCPG) for help in extending the deadlines for his payments. 

A spokesman for NCPG said that the council first assessed the man’s debts when he approached them for help. After making an analysis, the council sent volunteer workers and a counsellor to care for the man and his family. 

The man added that he has truly learned his lesson:

“I Will never spend so much money gambling again.”

 

 

 

[DACH]

Luckily he stopped in time. SGD8,000 is still easy to repay. If it becomes 80k, how he is going to pay? Even use all the credits of all his credit cards would not be enough.  

[Ignissport]

Gambling,Drinking,Smoking,Womanizing,Drugs.....WHICH IS THE WORST...

 

To me i say drugs...

[Jman888]

Luckily he stopped in time. SGD8,000 is still easy to repay. If it becomes 80k, how he is going to pay? Even use all the credits of all his credit cards would not be enough.

He probably already owe ah long $80k.

[Ender]

Alot of gamblers think this way. Putting their hope to solve all their financial problems in one last show hand.

[DACH]

Alot of gamblers think this way. Putting their hope to solve all their financial problems in one last show hand.

For fun, leisure is ok but to gamble to solve their financial problems is really  .

[Atonchia]

Parliament: No surge in bets after Singapore Pools, Turf Club started online gambling sites

 

http://www.straitstimes.com/politics/parliament-no-surge-in-bets-after-singapore-pools-turf-club-started-online-gambling-sites

 

 

so in summary, legalised online gambling not social problem, casino not social problem ....

 

Later maybe show research the problems are gamblers. Not the casino or turfclub. The hard-core gamblers have genetic inclination to lose sense of control when gambling.

 

Having the casinoes and online allows them to gamble on the legalised channels. That allow greater control on the flow of money.

 

Wow....every decision they made makes SG a better place..

 

That's why they are worth the million dollar pay.

[Angcheek]

Got money to suck why give to others

[Blueray]

Record $7.4b spent on sports bets, lotteries

 

 

A record $7.4 billion was wagered on lotteries, such as 4-D and Toto, and sports bets in the Tote Board's last financial year, the highest sum in almost a decade.

 

 

The lure of multimillion-dollar Toto draws and the ease of betting with lottery operator Singapore Pools introducing online betting in 2016 could be reasons behind the rising sums of bets, counsellors who work with problem gamblers say.

 

https://www.straitstimes.com/singapore/record-74b-spent-on-sports-bets-lotteries

[DACH]

https://www.facebook.com/378167172198277/posts/2451383098209997/

[carloverguy2017]

Low SES people will tend to gamble more.

Because they have a lot of "hopes" and lack of education.

 

Education means learning the maths topic called "Probabilities".  

[Blueray]

MHA proposes to amend S'pore's gambling laws, exempt in-person gambling among family and friends

Quote

SINGAPORE - The definition of gambling differs across the different laws here, but the Ministry of Home Affairs (MHA) intends to amend this so as to cover a broader scope that will be technology-neutral.

In a release on Monday (July 12), the MHA said it is also seeking to amend laws relating to social gambling, mystery boxes and arcade games, online and video games with elements such as loot boxes, and penalties for repeat offenders who facilitate illegal gambling.

The ministry said it will be amending the laws later this year.

https://www.straitstimes.com/singapore/public-feedback-sought-on-proposed-legalisation-of-in-person-gambling-in-spore-among

rather comprehensive. 

[Ody_2004]

48 minutes ago, Blueray said:

MHA proposes to amend S'pore's gambling laws, exempt in-person gambling among family and friends

https://www.straitstimes.com/singapore/public-feedback-sought-on-proposed-legalisation-of-in-person-gambling-in-spore-among

rather comprehensive. 

I see more n more youngster venture into "gaming" in a form or 2.. many goes into crypto currencies. Is this investing or gambling? what fundamental it have?

Beside now got the Lao Hu and Niu platform (aka Tiger and Moo Moo) which make trading so accessible.. good or bad? 

I always tell pple.. if all made money who lost to let them win?