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  1. #1
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    Default Study: Most online gamblers in Ireland use "loans" to place bets

    According to a new study conducted by Colin O’Gara, a consultant psychiatrist and head of addiction services at Saint John of God Hospital in Dublin, three quarters of online gamblers in Ireland have borrowed money or sold something in order to place a bet. And, of course, the mainstream media has jumped all over this new revelation.

    From The Times:

    The study of online gambling in Ireland also revealed that 64 per cent of people felt they may have a problem with gambling and 62 per cent had bet more than they could afford to lose.

    In an article that accompanied the study in the Irish Journal of Psychological Medicine, Dr O’Gara said that the delay in the bill was limiting treatment options for people with a gambling disorder, which is recognised as an addiction similar to alcoholism.

    “Although we currently do not have data on the prevalence of gambling disorder in Ireland, our clinical observations on presentations for treatment suggest it is an increasing problem. This appears to be as a result of the increased availability of gambling both within bookmakers and online,” Dr O’Gara said.

    The national gambling survey was undertaken to gather the first ever evidence of the behaviours of Irish online gamblers. The majority, 76 per cent, of the 208 people surveyed said that they strongly agreed or agreed that the potential dangers of gambling should be advertised.

    Fifty-nine per cent said they strongly agreed or agreed that they would prefer to gamble on websites which regularly told them how much they lost.
    Read the entire article here: https://www.thetimes.co.uk/article/m...oans-mfn3vfkjt

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  3. #2
    Malikbhai is online now Public Member
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    Many people take loans to invest in the stock markets also. Gambling nature will never die down.

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  5. #3
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    Quote Originally Posted by redblueassociates View Post
    Many people take loans to invest in the stock markets also. Gambling nature will never die down.
    Totally agree! I am positive that our gambling industry will never die. It will only grow bigger and stronger. It just needs time, that's all.

  6. #4
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    Quote Originally Posted by The Buzz View Post
    According to a new study conducted by Colin O’Gara, a consultant psychiatrist and head of addiction services
    And

    three quarters of online gamblers in Ireland
    1 - He deals with people who are addicted. Addicts by nature will do most things to get their fix, whatever it is.

    2 - I'm quite certain he has not spoken to every online gambler in Ireland. What he could have meant was three quarters of PROBLEM online gamblers in Ireland...

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    Quote Originally Posted by Renee View Post
    And



    1 - He deals with people who are addicted. Addicts by nature will do most things to get their fix, whatever it is.

    2 - I'm quite certain he has not spoken to every online gambler in Ireland. What he could have meant was three quarters of PROBLEM online gamblers in Ireland...

    My 2 cents.
    Yes, absolutely. They're my thoughts exactly.

  9. #6
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    Quote Originally Posted by Renee View Post
    And



    1 - He deals with people who are addicted. Addicts by nature will do most things to get their fix, whatever it is.

    2 - I'm quite certain he has not spoken to every online gambler in Ireland. What he could have meant was three quarters of PROBLEM online gamblers in Ireland...

    My 2 cents.
    Pretty much the truth. Maybe a psychiatrist can have a predisposed opinion, maybe his public is a predisposed public. But more important, 208 people doesn't sound like a big crowd to name an article "Most online gamblers..."

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    Very sad. Just as bad as people taking out loans to buy cryptocurrency.

  12. #8
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    Quote Originally Posted by sweetbet View Post
    Very sad. Just as bad as people taking out loans to buy cryptocurrency.
    Or shares on margin?
    Or highly leveraged property 90-95% value mortgages?
    Or buying consumer goods or a car on hire-purchase ?
    Or paying for a holiday/ vacation by credit card ?

    Hold on .. wait ... that's now 90% of the population.
    All dumb financial moves.

    Be careful trying to tell people what to do when you are doing the same.

    (and yes - betting on credit should be outlawed)

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  14. #9
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    Yes its true, casino and gambling industry will never die down. infect it will grow and strong with time. Online casino also doing very well.

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    Quote Originally Posted by Malikbhai View Post
    Many people take loans to invest in the stock markets also pret sans enquete de credit sans document. Gambling nature will never die down.
    Quick loans can be more profitable than traditional loans and even bad credit is not a problem. it's charming Again, there is no free lunch

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  17. #11
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    Quote Originally Posted by Malikbhai View Post
    Many people take loans to invest in the stock markets also. Gambling nature will never die down.
    This pretty much sums it up perfectly!
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  18. #12
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    My first inclination is that the main source has a serious sample bias considering he primarily works with people who have issues with gambling addiction.
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  19. #13
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    I agree, the gambling industry will stay strong and even get stronger...The times is very bias when we talk about gambling and other correlated addictions.

  20. #14
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    Affiliates are also becoming well-aware of this. Couple months back I was told to mention some specific Irish problem gambling authorities on my affiliate site by partners, not only begambleaware. Seems like regulations are coming both from government and partners, compliance-wise.

  21. #15
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    Yeah, I'd agree with both points from Renee here, definitely some confirmation bias at play when only polling the sharp end of the blade.

  22. #16
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    You can't do that with a loan...

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    Quote Originally Posted by TheGooner View Post
    Or highly leveraged property 90-95% value mortgages?
    Bit of a different kettle of fish if you're talking about someone buying a home to live in (even at 100% LTV) v borrowing to gamble or even trade with leverage.
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  25. #18
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    Quote Originally Posted by lukef1tz View Post
    Yeah, I'd agree with both points from Renee here, definitely some confirmation bias at play when only polling the sharp end of the blade.
    That's a tremendous metaphor that I'm going to steal, and I completely agree with you.
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  26. #19
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    Agree with Renee's comments.

    The article is flawed in so many ways and written with a planned conclusion.
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