The idea of regulated online sports betting is gaining traction in South Africa. It is an activity that’s gaining social acceptance in other countries. Aside from tackling issues like match-fixing, regulated betting and gambling can create jobs and generate tax revenues for the state. Here’s how.
Tackling match-fixing
People like to bet on sports, and bookmakers profit from this activity. This all works great as long as the sports people bet on are clean and fair. Match-fixing ruins the fairness and integrity of sports, though.
In a regulated environment, it’s in the bookmakers’ (and the bettors’) best interest to keep the integrity of sports untouched. When, in turn, an unregulated underground market takes over, their interest may lie in bending reality in their favour – as in convincing athletes to help them reach the desired result, for their profit.
In a regulated environment with legal betting sites in South Africa, match-fixing can be effectively tackled. Betting outlets can report any suspicious patterns to the authorities to root out match-fixing once and for all.
Regulating sports betting can increase the transparency of the industry, ensure accountability on all sides, and help raise awareness of the dangers of betting at offshore outlets without the right customer protection measures in place.
Creating and supporting local jobs
Regulated online betting, and regulated online gambling, in general, have the potential to create local jobs.
On the one hand, the licensing and regulatory authorities will need skilled personnel in their legal, financial, and administrative departments. Plus, the operators will need to hire staff for customer service, odds management, marketing, and such. On top of all this, the development of the sector can support local marketing companies, content creators, and media outlets.
Studies have also shown that the availability of regulated online betting is beneficial for the attendance of sporting events and their ratings in the media. So, this is another benefit.
It’s good for punters, too
Betting at regulated local operators is a good choice for punters, too.
Aside from gaining access to a variety of local events, live streaming, and promotions tailored to their needs, this also provides peace of mind. The local authorities can this way enforce their own customer protection rules on the betting outlets, protecting the rights of punters. Besides, it promotes fairness and transparency in the betting process, clear terms, and most importantly, competitive odds.
Overall, regulated betting in South Africa would benefit everyone, generating everything from extra revenues for the state to new jobs for the public. Plus, a safer and more transparent betting environment for the punters.
Categories: News
Source: thpttranhungdao.edu.vn/en/
