Australia Crackdown on Internet Gambling: They are the Biggest Gamblers

Written by:
Greg Tingle
Published on:
May/21/2011
Australia Crackdown on Internet Gambling:

We've been telling you a few years now that Aussies are the biggest gamblers, and now more proof of this bold claim has arrived just as Internet gambling comes under attack by Government forces. 

The latest issue of The Economist hit out desks and they also rank Australians as the world's biggest gamblers per capita, spending the equivalent of €902 ($1208.75) each last year.

The report states "Australia has led for the past decade, since we started doing this, and has always been well ahead of the other nations," advised Joel Keeble of H2 Gambling Capital, which provided the data.

Ok, first you have to basically ignore the stats anomaly that is Singapore...both their new casinos nearly match the famous Las Vegas strip in the U.S in terms of the gambling spend...the next closest competition for down under in Oz is Ireland, which spent less than half as much on gambling.

EGM's - Electronic gaming machines...including slots / poker machines, account for most of the lead lead. They also pointed out that Aussie's love to engage in a wide range of betting activity.

Not just slots, pokies, horses and football... the state of the Australian economy..bets on next month's interest rate decision by the Reserve Bank after the commission dropped attempts to ban the practice.

Centrebet was offering punters a $1.12 return if interest rates remain unchanged and $26 if they are cut.

The corporate watchdog didn't approve on the grounds that this amounts to trading in derivatives without a financial licence.

Slots aka poker machines are the most popular. Cleopatra and Queen Of The Nile are the most popular. Exact replicas of these two particular games can be found on the internet.

A report by the Productivity Commission stated $19 billion was spent on gambling in 2008-09, $12 billion of it on pokies aka one armed bandits.

The commission stated up to 40% of the money spent on the games comes from problem gamblers...a $5 billion hole on an estimated 90,000 people. Clubs Australia and many experts in media do not agree with the figures, starting the report was bias.

Australian Prime Minister, Julia Gillard, who received greatly needed support of the independent MP Andrew Wilkie to form a minority government by agreeing to put in place a national "mandatory precommitment system" to combat problem gambling.

Betting agencies such as Centrebet has the Coalition as more likely to win the next federal election at the time of press, but Gillard will find it interesting that she is tipped by punters to lead the Labor Party to the election.

We prefer the slots and poker over political betting, but to each their own.

A Media Man spokesperson said "We have believed that Australians were the most passionate and biggest spending punters on the planet for years. The new report is further proof. Aussie would even bet on pro wrestling matches if odds were available, even though winners are predetermined. Two-Up, betting on two flies crawling up a wall, Aussies will bet on anything and big"

Friends, good punting, know your limits and bet with your head, not over it.

Punters, er readers, stay glued to Media Man http://www.mediamanint.com reports via Gambling911 for more "can't miss" information on Australian pokies, gaming and casino wars.

*Greg Tingle is a special contributor for Gambling911

Gambling News

Maine Vote on Sports Betting Coming Shortly

Maine Vote on Sports Betting Coming Shortly

Maine legislators say they are 95% there but it is the other 5% they need to hash out, at which point sports betting could soon become a reality in the New England state.  Seven bills have been reduced to one.

Become a Bookie

How to Become a Bookie From Scratch

Becoming a bookie isn’t as difficult as you may think. In this guide, I will assume that you are starting from scratch and provide you with the steps to get started. There’s a lot to learn if you want to run a successful operation, but I don’t want to overwhelm anyone.

Sports Betting News: Disney Now Owns Share of Draftkings?

Sports Betting News: Disney Now Owns Share of Draftkings?

One small part of the massive deal between the Walt Disney Company and 21st Century Fox included the stake in daily fantasy sports and sports betting company DraftKings, Legal Sports Report confirmed on Monday.

Sports Betting Forums: Top Discussions

We tap into the hottest discussions on the sports betting forums and social media.  Hot now: Disney Takes Stake in Draftkings, Negreanu Talks Game of Throne Finale, Bitcoin Profiled on 60 Minutes, More

Holzhauer Returns

Top Gambling Stories: Holzhauer Returns, High Court Ends Kenya Gambling Ad Ban

One of the most prolific gambling and sports crazed nations, Kenya, will no longer ban gambling ads, at least for now, and professional sports betting Holzhauer returns to Jeopardy Monday

Syndicate