Online gambling lobby says ‘no problem’ with punting on credit as MP calls for crackdown


The representative for the biggest players in Australian online gambling says punters should be not be stopped from going into debt to bet.

Responsible Wagering Australia chief executive Brent Jackson’s remarks follow a call for a crackdown on the use of credit cards in online gambling from Queensland MP Andrew Wallace.

The LNP Member for Fisher is pushing the country’s banks to create a voluntary code of conduct that would mean punters could only place online bets using their own money.

Mr Wallace said it was a “no-brainer”.

“We know that people pay 22 per cent or thereabouts in interest on their credit card balances — that’s a very dangerous mix,” he said.

“You can’t use a credit card to go into a TAB and gamble on the horses or the dogs, you can’t use a credit card at a casino, and you can’t use a credit card to gamble on the pokies.”

For almost 20 years, gamblers have been unable to use credit cards to access cash advances in casinos and poker machine lounges.

Suncorp and Macquarie have already voluntarily stopped allowing credit cards to be used on wagering apps, but the big four — Westpac, NAB, ANZ and Commonwealth Bank — have not followed suit.

Sunshine Coast MP Andrew Wallace says he will try to force the banks to change if they don’t decide to do so voluntarily.(

Supplied: Andrew Wallace

)

‘The right to choose’

But Mr Jackson, whose lobby group represents the likes of Sportsbet, Bet365, Ladbrokes, Neds and others, said there was no reason to stop Australians from going into debt to gamble.

He said online gambling was “safer” than betting in a casino or at a poker machine because it was governed by strict legislation and companies could monitor gambling behaviour in real time.

A grey-haired man in a suit.
Brent Jackson says online gambling companies have the ability to promptly step in when they see worrying behaviour.(

Supplied: Responsible Wagering Australia

)

“They do keep an eye out specifically for unusual behaviour and strange behavioural patterns and activity that is not considered normal and might be risky,” Mr Jackson said.

“We can take a number of interventions aside from banning them completely — we often contact customers directly as this is happening.”

Mr Jackson said it should be left up to punters to decide whether they used credit cards when gambling online.

“We think that consumers should have the right to choose and directly manage their betting preferences,” he said.

“What we’re not seeing is any evidence of a problem out there at all.

A live sports betting site on a mobile phone, April 24, 2020.
Online sports betting companies have recorded strong financial results in Australia during the pandemic.(

ABC News

)

Strong support for restrictions

In late 2019, the Australian Banking Association (ABA) canvassed members and others as to whether banks should disallow the use of credit cards on gambling apps.

Its report found 81 per cent of Australians felt the practice should be restricted or banned.

Only 7 per cent supported no restrictions.

The ABA described gamblers as “vulnerable customers” on its website, but has decided against any kind of blanket policy citing fears it could fall foul of anti-competition laws.

But the Australian Competition and Consumer Commission (ACCC) said it had supported other voluntary codes of conduct with banks.

A spokeswoman said the ACCC could also grant an exemption to the law if there was a significant public benefit.

Late last year an Australian Gambling Research Centre survey of 2,000 people found one in three signed up for new online betting accounts.

The biggest growth market was comprised of people aged 18–34, who the centre found were gambling more and spending more.

Sportsbet’s profit jumped by 108 per cent between April and June last year during COVID-19 shutdowns, increasing from $96 million to $191m.

A middle-aged man in a plaid shirt walking through a park.
Relationships Australia Queensland counsellor David McAnalen now helps others after putting his gambling problems behind him.(

Supplied: Relationships Australia Queensland

)

‘I would always find a way’

David McAnalen said he used to put money down on just about anything he could — “casino games, electronic gaming machines, pokies, scratch-its, lottos, raffles, horses, dogs”.

“I was betting on everything,” he said.

Mr McAnalen said whatever the barrier, he would overcome it to gamble.

“I would always find a way — I always did find a way,” he said.

Mr McAnalen said he was compelled to change after his parents and sisters told him they loved him, but that they could not have him in their lives if he continued to gamble.

Now a Relationships Australia counsellor, Mr McAnalen said he was no longer “triggered” by gambling — but neither was he entirely cured.

“It’s the first drink that does all the damage — it’s the first bet that would do all the damage and everything would come back,” Mr McAnalen said.

“I wake up in the morning and say: ‘There are a lot of things I can do today and one thing I’m choosing not to do today is gambling’.”

A smiling man in thick-rimmed spectacles leaning up against a tiled wall.
Charles Livingstone says there’s no evidence online gambling companies take the measures that could make their operations safer for punters.(

Supplied: Monash University

)

Focus on ‘social responsibility’ of banks

Associate professor Charles Livingstone from Monash University has been studying gambling habits for decades.

He agreed that online gambling had the potential to be safer, but did not think that was necessarily the case at the moment.

“They certainly could step in and stop people gambling,” Dr Livingstone said.

In case studies used in a Financial Counselling Australia study from 2015, members worked with people who had lost large sums of money betting online, including one gambler who amassed a $300,000 debt over a three-year period.

In 2019 an ABC investigation reported accusations that Bet365 was skewing its system to encourage losing gamblers while banning or restricting the winners.

This month, Oxford University research found that gambling increased the risk of death, in addition to being linked with addictive behaviour and financial problems.

The Oxford findings inspired Mr Wallace’s call for change here in Australia.

“They don’t want Mum or Dad to go out and blow the weekly wages at the track, or in this case online,” he said.

“Banks have a social responsibility to step in and say: ‘We’re not going to allow this to happen any further’.

“If they won’t introduce a voluntary code, I’ll be recommending to my Parliamentary colleagues that we force them to do it.

Thanks for dropping by and checking this news article involving Tasmanian news named “Online gambling lobby says ‘no problem’ with punting on credit as MP calls for crackdown”. This story was presented by MyLocalPages Australia as part of our Australian news services.

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Punting on the Lake


Punting on the Lake

Punting on the LakePunting on the Lake

Sit back and enjoy a unique view of the Royal Botanic Gardens Melbourne on a chauffeured cruise around the Ornamental Lake.

Your professional punter will guide you around the picturesque islands and bays of the lake in your traditional wooden punt (boat) and tell you about the history wildlife and plants of one of the world’s most stunning botanic gardens.

A guided punt tour is perfect for a family outing a memorable activity for visitors to Melbourne or a great way to celebrate a special occasion and offers unique photo opportunities.

Tours run year-round and each punt carries up to eight people on a 30-minute tour.

Location: Royal Botanic Gardens | Punt tours depart from in front of the Terrace Restaurant a short walk from Gate A on corner Alexandra Avenue & Anderson Street (Melways ref. 2G D11) South Yarra.

PRICE

* Boat can hold Maximum 6 passengers*

(30 min Private Guided Boat Tour)

Up to 3 Adults: $75/Boat

Add on Adult: $25 Child(5-15 years): $15

Infant(0-4 years) : Free Well behaved Dogs: Free

Family Ticket: $75 (1-2 Adults + Up to 3 Children(5-15years))

(1 Hour Twilight Guided Charter Tour)

1 Boat/ $170

Group and function bookings are available on request.

Bookings available via 0481 455 410

Summer season:

Sept – May 11:00am – 5:00pm

CLOSED:

June – August and Christmas Day

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❊ When & Where ❊

Happens: Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday

Times: 11am – 5pm

❊ Venue ❊

 Royal Botanic Gardens | Melbourne  Events 8
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⊜ Birdwood Avenue South Yarra | Map

Royal Botanic Gardens | MelbourneBirdwood Avenue, South Yarra, , 3141

✆ Event: | Venue: (61 3) 9252 2300

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Punting on the Lake

→ www.puntingonthelake.com.au

→ Melbourne City Afternoon Tour with Punting at the Gardens


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Betting, punting, tips, form guide, Channel 7, Jason Richardson, Twitter


Millions of Aussies will get caught up in the excitement of the Melbourne Cup on Tuesday – and many will try their luck at picking a winner.

It makes the lead-up to the 3200m race at Flemington a high-pressure week for horse racing tipsters, who never have more exposure – and accountability – when giving their picks for the big race.

RELATED: Runner-by-runner guide to the Cup

RELATED: The Cup look that is ‘never OK’

And as Channel 7 horse racing host Jason Richardson highlighted on Saturday night, it can get ugly.

Richardson revealed what to him is a “standard” response from someone who was unhappy with the advice he gave ahead of Derby Day.

“Richo, Mate just want to let you know that you are the most pathetic horse tipster there is,” an Instagram user wrote in a direct message.

“(You) pick the favourite every race and when it loses to a $16 roughie – (post race chat) “ohhhh geez that rough **** of a horse was good! It would’ve never lost that” WELL YOU NEVER TIPPED IT DID YOU RICHO. GO AND **** YOURSELF”

Richardson called out the abusive troll, continuing a recent trend by sports leagues and high-profile commentators.

“Now seriously, Erin Molan says it best – this is not OK,” Richardon wrote. “I laugh at it, but others don’t.”

Molan recently revealed the terrifying moment she believed an online troll was breaking into her home at 2am to attack her unborn daughter — after days of savage abuse on social media.

She also opened up on the sickening message that hit close to home after a family tragedy that is still raw.



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Melbourne Cup 2020: Betting, punting, tips, form guide, Channel 7, Jason Richardson, Twitter


Millions of Aussies will get caught up in the excitement of the Melbourne Cup this Tuesday – and many will try their luck at picking a winner.

It makes the lead-up to the 3200m race at Flemington a high-pressure week for horse racing tipsters, who never have more exposure – and accountability – when giving their picks for the big race.

RELATED: Runner-by-runner guide to the Cup

RELATED: The Cup look that is ‘never OK’

And as Channel 7 horse racing host Jason Richardson highlighted on Saturday night, it can get ugly.



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Racing news, punting, betting, wins, horses, Sportsbet, error


A little exuberance can go a long way and while sometimes it taketh away, there’s other times it actually giveth, and giveth in a very big way.

As one lucky punter can attest to after landing the big daddy of quinellas, courtesy of an afternoon enjoyed with mates which resulted in an inadvertent “0” being added to their bet slip, racenet.com.au reports.

Story goes he was looking to outlay $60 per combination on a five-horse box quinella in the sixth event at Newcastle last Saturday but was, let’s say enjoying himself a bit too much as the afternoon wore on.

It was the sixth race at Newcastle he was focusing on, or not really focusing on, and the horses he selected were certainly roughies with Amorita ($35), Keiai Tsubaki ($19), Dodecanese ($6.50), Mosht Up ($41) and Opinions at $151 the rank outsider in the field, so his box quinella numbers were 8, 10, 11, 13, 14.

This punter’s mistake paid off big time.Source: Supplied



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