2 in every 3 undergraduates – or approximately 1.2 million – have gambled in the past few months, according to the UK Gambling Commission. This can be attributed to the fact that sports betting platforms are easily accessible and that an average student requires to come up with an extra £250.
How we got there
Anyone can gamble, provided they are 18 years or above. As it stands, gambling is a big part of the globe’s recreational fabric. Today, it is not uncommon for gaming operators like Bingo to open shop at university campus events. Games like roulette, Bingo, Lotto, blackjack, and horseraces provide a chance for speedy cash, making them understandably enticing for broke university students.
The rising trend
College and university students have the reputation of taking risks with things like drugs, alcohol, sex, music, and gambling. All these thanks to the freedom that comes with them not staying with their parents for the first time.
Students wager for a range of reasons with varying frequency and amounts. Some bet to try and win quick money to support their lifestyles. Others bet because they are sports fanatics and enjoy the activity. Another group of students indulges in the activity because of its immense presence on university campuses.
Money-strapped students who engage in sports betting only to win cash are the ones who have a negative experience. But those who love to follow sports and actively participate in sporting events get the most out of it. This is because these students see themselves as sports experts and gamble using strategies to make it all more interesting.
Other reasons why students are betting include:
Many favorite hobbies are incredible, but a student may not be able to play them daily, maybe because they’re too tiring or too expensive. Sports betting is an affordable hobby that one can watch or play and enjoy any day, irrespective of their location.
Easy to get started
Unlike other hobbies that involve lots of equipment, rules, and learning, sports betting only needs an internet-powered device (which every student has), and some little deposit. The best thing about sports betting is that a student can bet the same amount over and over again. And since there is no shortage of gambling sites, the only limit is in the mind.
Sports betting is way less expensive than activities like bowling and so on. Besides, it gives one more money, especially when they win a bet. Betting is even more fun when a player makes the right pick after research and watching the live game.
Gambling and safety
While gambling is widespread among university and college-going students, it doesn’t come without its fair share of problems. Studies reveal that most students gamble responsibly. However, about 6% of students have gambling issues that can lead to debt, failing grades, and psychological difficulties.
Luckily, the GC has created a list of ways that students can keep themselves safe when gambling to ensure it is not a problem. It has also urged the learning institutions to encourage best gambling practices. These include things like the use of time management tools, setting betting limits, researching and getting help if all else fails.