How Does Technology Affect Gambling

• How Does Technology Affect Gambling Winnings
• How Does Technology Affect Gambling Addiction
• How Does Technology Affect Gambling Affects

Digital technology and modern techniques have had the strongest impact on the art of painting and drawing. In the past, painting and drawing depended on the artist’s skills in wielding his traditional tools - the brush, the pencil, charcoal or pastels. The Social Impact of Problem Gambling Published: Wednesday, 16 April 2014 by Finding money to gamble is usually the most immediate and obvious issue which brings with it enough problems, but in addition an all consuming compulsion to gamble at any cost leads to difficulties which affect employment, quality of life, family relationships. As the gambling industry expands, new technology is introduced, and social acceptability continues, several national commissions and prominent researchers have predicted that there will likely be a progressive increase in serious gambling-related problems experienced by youth (Derevensky & Gupta, 2004; Jacobs, 2004). Innovation in technology has been the main driver of gambling advancement. As a result, today it is easier to gamble than ever before. Every smartphone in the world is essentially a virtual casino. While a substantial chunk of the gambling industry is digital in nature, many cities and towns still have brick and mortar casinos. To maintain up with the competitors within the current day, industries must have their finger on the heartbeat of.

With the gradual removal of legal obstacles surrounding the online sports betting industry in the United States and other countries, online bookmakers are constantly seeking new ways of edging out their competitors. More and more betting companies are going to use innovative technologies to improve their market share in the future.

The biggest technologies which are expected to positively impact sports betting operations in North America and Canada include blockchain, virtual reality, and jurisdiction-free betting. While virtual reality will offer several new innovative ways of placing sports bets, jurisdiction-free betting and blockchain will lower the betting costs and offer greater privacy while betting on the Internet.

Although not related to technology, another innovative means that can help you lower your betting costs, at least initially, is free bets. Here’s how to get free bonus bets from some of the top ranked sports betting portals such as Betway, Bet365, Sports Interaction, Bodog, 888Sport, William Hill and more.

VR Betting

Some of the biggest sports leagues like the NBA have already incorporated VR technology, allowing viewers to see their favorite players in action from a completely different perspective. Using the VR tech you can place yourself next to the rim and view Kevin Durant dunking from the free-throw line!

The sports betting companies, on the other hand, are going to use virtual reality for the creation of multiple sports betting options, enabling punters to leverage their knowledge of the concerned sports. For instance, basketball punters can utilize their controls and headsets to select a specific court area and then bet on the possibility of a certain player scoring from that place. All such micro bets are going to gain major prominence in the times to come, as well as prop bets focusing on specific aspects like breakdowns, efficiency, speed, etc.

Jurisdiction-free sports betting

The sports books of the future will be able to create platforms free from the land-based laws, operating from the international waters, maintaining continuous contact with the important betting databases through a satellite uplink. Such bookmakers operating without any jurisdiction will have many operational advantages and will be able to pass on their savings to the punters.

Cryptocurrency betting

The blockchain is another significant technology that will gain a better hold over the industry in the next decade. It is already offering several real advantages to the gambling and betting operators. Being used by many online bookmakers, cryptocurrencies like bitcoin will emerge as the most preferred choice of punters for transacting with the future sports betting companies. Sportsbooks who offer deposits and withdrawals in multiple cryptocurrencies will reap the maximum benefits of this technology and emerge as industry leaders.

Blockchain currency also ensures the privacy of the sports bettors, while facilitating jurisdiction free betting. Any sportsbook who adopts blockchain technology will be able to operate at lower costs, offering distinct advantages to its customers.

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How Does Technology Affect Gambling Winnings

For many people gambling is not a harmful activity, but for some it can be a serious problem. A recent Reed in Partnership report found that 10% of working adults have direct experience of the problems gambling can cause in the workplace and more than four in five British adults think that gambling and debt can be a distraction for people in work.

Gambling problems are incredibly complex, with motivations and triggers that vary for each individual, however concentration and behaviour at work has been found to be affected by gambling, leading to a loss of productivity.

Common impacts of problem gambling

• Financial difficulty, debt and bankruptcy
• Relationship breakdown (including divorce)
• Lost productivity
• Crime (e.g. theft and fraud)
• Low self-esteem
• Depression, stress and anxiety
• Substance misuse
• Isolation and loneliness
• Suicide

What does it cost your business?

• 5% of fraud now related to problem gambling (up to £225 million each year)¹
• Employee sickness and other absence
• Impacts on employee mental health
• Reduced productivity
• Damage to your reputation

Protecting your business and supporting your employees

The National Gambling HelpLine and GamCare counselling services can support your current Employee Assistance Programme and provide additional safeguarding – our free advice and support is available nationwide to aid employee welfare.

How Does Technology Affect Gambling Addiction

GamCare can also assist your business in developing robust workplace gambling policies, and in providing training for HR and managers to identify potential problem gambling behaviour and provide appropriate support and signposting.

About GamCare:

• Leading national provider of information, advice and support for anyone affected by problem gambling
• Operates the National Gambling HelpLine (Freephone 0808 8020 133 or via web chat at gamcare.org.uk, 8am – Midnight, seven days a week)
• Free online and face-to-face counselling provided throughout England, Scotland and Wales
• For information on bespoke training and consultancy, contact info@gamcare.org.uk

How Does Technology Affect Gambling Affects

External links:

1. BDO Fraudtrack Report, February 2016: http://www.bdo.co.uk/news/bdo-fraudtrack-report