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Gamblers bet more when in the dark: feedback can curb their online losses

Citation

Newell, B and Slonim, R and Chuah, S-H, Gamblers bet more when in the dark: feedback can curb their online losses, The Conversation, The Conversation Media Group Ltd, Australia, 30 July 2021 (2021) [Newspaper Article]


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Abstract

Online wagering is the fastest-growing segment of gambling in Australia. Itís a trend of particular concern because losing money through online brokering and betting apps is associated with higher rates of gambling-related harm than other types of gambling.

These apps provide the ability to win and lose money anywhere, anytime - and their popularity has been exacerbated by COVID-19 lockdowns.

A survey of 2,000 gamblers by the Australian Gambling Research Centre in mid-2020 found the proportion of gamblers doing so four or more times a week increased from 23% to 32%. Among the biggest online gamblers - men aged 18 to 34 - median spending climbed from A$687 to A$1,075 a month.

Whether in life, the stock market or at the horse races, most of us are notoriously bad at assessing the real odds of good or bad things happening.

Item Details

Item Type:Newspaper Article
Keywords:online wagering, safer gambling, nudge
Research Division:Economics
Research Group:Applied economics
Research Field:Behavioural economics
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Preference, behaviour and welfare
UTAS Author:Chuah, S-H (Professor Swee-Hoon Chuah)
ID Code:145667
Year Published:2021
Deposited By:Economics and Finance
Deposited On:2021-07-30
Last Modified:2021-07-30
Downloads:0

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