Youths in Kenya are in Debts due to Gambling
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Get Help Now!Timothy started gambling from way back in college. After losing $100 to bad bets in just a few hours, which was part of his school fees, he was thinking of ending his life.
After that, Timothy decided to take another chance and bet 5,000 shillings on several games to recover part of the school fees he lost earlier. If he didn’t recover the amount he had used earlier, he knew he was not going to attend classes or even sit for his examinations. Too bad, Timothy was not able to recover the money, in fact, he lost more. Timothy said that what most gamblers don’t understand is that in gambling, you win and lose at the same rate, in fact, you will probably lose more than what you will gain. Moreover, winning makes you want to gamble more to win more and losing makes one bet more to recover the money lost.
Online sports betting in Kenya is on the rise because of faster internet connections, cheaper phones and the love for English premier league. The problem is that it is sucking the youths into the cycle of everyday gambling, poverty, and debts. A study was conducted and revealed that over 70% of Kenyan youths are addicted to gambling and visit online casinos at least twice or thrice per week. They engage in this activity to try their luck, win money and generate income.
Unfortunately, gambling is legal and is perceived as a recreational activity in Kenya. We don’t have laws governing sports betting and this allows the betting companies to set their own rules and play by them. This industry is thriving at an alarming rate because most youths want to make lots of money instantly without having to work extra hard.
It is with this reality that the Kenyan government has formed a bill proposing changes in the gambling industry. The changes were proposed after reports showed that some of the suicidal cases recorded in Kenya have been linked to gambling. Youths in Kenya are in Debts due to Gambling
Timothy started gambling from way back in college. After losing $100 to bad bets in just a few hours, which was part of his school fees, he was thinking of ending his life.
After that, Timothy decided to take another chance and bet 5,000 shillings on several games to recover part of the school fees he lost earlier. If he didn’t recover the amount he had used earlier, he knew he was not going to attend classes or even sit for his examinations. Too bad, Timothy was not able to recover the money, in fact, he lost more. Timothy said that what most gamblers don’t understand is that in gambling, you win and lose at the same rate, in fact, you will probably lose more than what you will gain. Moreover, winning makes you want to gamble more to win more and losing makes one bet more to recover the money lost.
Online sports betting in Kenya is on the rise because of faster internet connections, cheaper phones and the love for English premier league. The problem is that it is sucking the youths into the cycle of everyday gambling, poverty, and debts. A study was conducted and revealed that over 70% of Kenyan youths are addicted to gambling and visit online casinos at least twice or thrice per week. They engage in this activity to try their luck, win money and generate income.
Unfortunately, gambling is legal and is perceived as a recreational activity in Kenya. We don’t have laws governing sports betting and this allows the betting companies to set their own rules and play by them. This industry is thriving at an alarming rate because most youths want to make lots of money instantly without having to work extra hard.
It is with this reality that the Kenyan government has formed a bill proposing changes in the gambling industry. The changes were proposed after reports showed that some of the suicidal cases recorded in Kenya have been linked to gambling.
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