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Summary:
The prevention of risky practices related to sports betting is crucial to avoid potentially problematic scenarios. There are several elements that influence young people’s willingness to bet: tipsters, bonuses, notifications, freebets and advertising. The tipster is the central actor in sports betting. It is perfectly legitimate to sell the prediction of the outcome of a sporting event, as long as he has regulated his economic activity and is taxed in Spain, but false messages, for example, that young people will win a lot of money if they follow his predictions, are unethical. In addition, they show young people a life of luxury and wealth, whereas we believe it is a pantomime to trick them into paying for their premium Telegram channel. Regulating tipsters and preventing their proliferation among young people would reduce their influence and consequently the problems associated with betting.
Alerts, bonuses and free bets encourage betting. Notifications, sometimes announcing that the house is giving away a bonus for a particular match, remind punters of the “excitement” of betting. Gift bonuses are a misleading promotion because in order to win they must play the “gift” money several times and sometimes make a deposit. Freebets, while less misleading than bonuses, allow for “free” gambling while inoculating the desire to continue gambling. When a young person opens an online account, the default deposit limit is six hundred euros per day, one thousand five hundred per week and three thousand per month. These are sums that are far beyond the reach of most young people. Reducing the default time and money limits on online accounts will be an effective preventive measure. Just as banks allow these limits to be lowered, they should also allow them to be raised if they are lower by default. In the same sense, to avoid risky practices associated with spending too much time following impossible markets, accounts should have a connection time limit, which, like the economic limits, can be regulated according to the needs of the bettors.
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