Betting and Gaming Council Report Shows Fallacy of Overregulation

Glossary

Accessibility can be used as a measure of how easy it is and difficult to participate in a specific gambling.

The level and type of gambling access is considered when applying for gambling license or planning permission. As for poker, public impact on conversation is often measured by the number of gaming machines per 1, 000 population.

Australian Competition and Consumer Commission (ACCC)

An independent local government that is responsible for individuals and companies that guarantee that they will comply with Australia's competition law, fair trading law, consumer protection law, and 2010 competition and consumer protection law.

Australasian Gambling Council (AGC)

In a nationwide industry group, its mission is to promote a sustainable gambling industry that provides entertainment and economic interests, and gambling education, serious gambling consciousness, high quality gambling research, and precedent policies. It is to promote planning.

Automated table games

In the casino table game, the player does a bet on the terminal, not the table. Blackjack, roulette, and Baccarat are famous table games provided by casinos in automatic mode. Automatic table games (SATGs) are to bet on a terminal in the actual finals, and in a completely automatic table game (FATG), players bet on their own or virtual finals on their terminals.

B

Betbox

A physical computer terminal or device made by a sports bed that can create a bed by touch scree n-compatible users. The terminal will communicate with a sports bed server located strategically in Darwin's license facility.

Betting exchange

A bookmarking office that functions as a bazaar that has all opportunities for players to trade bets at various rates and numbers like a bookmaker.

Bingo

Bingo is a coincidence game, and each player has a specific number in advance, and usually has one or more books with 15 numbers in the 1 to 90 range. The numbers are randomly called, and the player decides which number to use when the numbers appear in their book. Players who have learned the number of numbers they are instructed or all numbers declare bingo and earn prize money.

C

Casino table games

These are games using cards and dice and are usually provided by casinos. Casin o-known table games include blackjack, roulette, baccarat, craps, and poker.

Code of Conduct

Gambling providers are required by Victoria's law to have a serious gambling code. The Code of Conduct must be adopted by the Gambling Casino Management Committee (VGCCC), Victoria, which meets many requirements.

Community benefit statements (CBS)

The report confirms that the club's attendance is at least 8, 33% of net gaming revenue as required by law. Clubs must submit a report on benefits to society at the VGCCC for each financial year.

Comorbidity

Problem is a term that indicates the presence of several problems that occur together and may be interrelated. For example, problem players often face other problems such as depression, anxiety, drug addiction and relationship problems.

Courtsiding

Courtseding is the practice of passing on information about sporting events to gamblers or directly placing bets on sporting events such as tennis. In April 2013, Victoria passed an amendment to its crimes legislation making this practice illegal.

E

Electronic gaming machines (EGMs, pokies, pokie machines)

Electronic slot machines are automated gambling devices with a video screen, on which letters are displayed on an imitation drum. Players insert cash into the machine and place bets with the buttons. The machine randomly determines the position of the letters on the screen. Profits are returned to the machine in the form of loans.

eSports (electronic sports, esports, e-sports, competitive [video] gaming, professional [video] gaming, or pro gaming)

Estrississ - These are organized and competitive multi-user video games held online for spectators. Professional e-sports involves payouts and large cash prizes for players. In some games, players compete only with other teams. Currently, the most popular genre is the multi-user online arena (MOBA). The global audience is in the hundreds of millions.

F

Fixed odds

The price of the payout (payment) received when setting the fare is fixed and does not change during the event. The coefficient proposed at the time a particular fare is established is the coefficient of the payout, no matter how much extra money may appear in the future.

Fixed odds betting terminal (FOBT)

A type of electronic slot machine (UK) that allows players to bet on the outcome of various simulated games and events. Players use a touch screen to operate the game and can bet up to £2 every 20 seconds.

G

Gamblers' fallacy

Gambler's error is the belief that there is a correlation between random events in the past, which allows them to predict future events, when in reality there is no such correlation.

Gambling

Gambling/betting requires risk players to lose something valuable (usually money) for the chance to win more. The outcome of gambling depends on correctly predicting an uncertain outcome (e. g., a particular horse coming first in a jumping contest) or on luck (e. g., matching characters in a Pocky machine).

Gambling disorder

Problem gambling, or compulsive gambling, is listed as a disorder in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5), used by psychiatrists, medical professionals, and the Australian legal system. Gambling disorder, previously known as "pathological gambling" and classified as an impulse control disorder, is now classified as a substance-related disorder and an addictive disorder.

Gambling Information Resource Office (GIRO)

The Victorian Serious Gambling Foundation's Gambling Information Unit provides information about gambling and its regulation in Victoria to community groups, district authorities, and the general public.

Gaming Technology Association (GTA)

The Gambling Technologies Association is considered the main representative body for gaming technology providers in Australia. The association supports the gaming industry in the country through policy guidance and advocacy work for the industry.

H

Harm

The harms of gambling are divided into seven categories: financial harm, relationship breakdown, sensory and emotional stress, impaired well-being, educational harm, impaired grades and academic achievement, and criminal activity. Apart from this, these harmful moments are divided into communal (appearing at any time), crisis associated with the attempt to seek help, and hereditary, which appear long after gambling has stopped.

I

Incidence rate

In epidemiology, incidence is the number of new cases in a population at a given time. Incidence should not be confused with prevalence, which indicates the total number of cases (e. g. problem gambling) in a population at a given time, including both recent and existing cases.

Inducements

It refers to an encouragement or persuasion to participate in this gambling game. Incentives can include the provision of free loans, coupons for registering a bookmaker's account, gifts for recommending friends, or in the form of commissions for frequent visits to a particular establishment. Note that in Victoria, gambling promotion with incentives is not permitted.

Interactive gambling

It refers to a range of leisure activities offered using interactive media such as computers, mobile phones, tablet devices, and digital television. The term "interactive gambling" is roughly interchangeable with the definitions of "internet", "remote", and "online gaming".

Intralot Gaming Services (IGS)

Provide electrical prediction systems for all gaming machines installed in hotels and clubs in Victoria. Pursuant to its EGM Prediction License, IGS provides gaming machine data and information for regulatory, tax and investigation purposes.

J

Jackpot

This jackpot, which is still known as the "Progressive Jackpot", belongs to the EGM, and the possibility of a jackpot increases every time the loan is played. When the jackpot is finally cleared, the jackpot amount returns to the original number.

K

Keno

Keno is a game that prepares the number selected by the player to match the fact that at least one of the 20 rooms selected by the computer system or device for lottery support for the ball from the group is 80 numbers. 。

L

Lottery

Lottery is a procedure for distributing something (usually funds and prizes) among the groups of people by lottery or optional will. The wel l-known lottery image includes tickets with almost all people to get a large prize. In some cases, the victory ticket is extended from the barrel consisting of all the sold tickets (called the Totorizer). In addition, it may be necessary to extend the numbered balls from the barrels randomly and match the ball and the winning ticket. Famous Australian municipal lotteries include power balls, Ozlot, and Lady Four Life.

Low-risk gambling

Lo w-risk betting features a lo w-level task that has a small number of disadvantageous results to be detected or not detected.

M

Micro-betting

Micross belongs to "Imprey" betting and refers to betting in games and games. The other definitions that show microstrites in this IRGE are "live tops" and "lace o n-thean". In Australia, microstrites do not have any chance to propose the Internet legally.

Minister for Casino, Gaming and Liquor Regulation (the Minister)

In real time, the minister of casinos, gambling, and adjustment alcohol is considered a venerable Melissa-Horn. She was appointed in June 2020.

Moderate-risk gambling

Lo w-risk gambling is characterized by a small level of tasks related to gambling, and some negative results are more guilty for embezzlement, wasted time and your gambling than you can solve. I feel it.

N

Non-problem gambling

UP-PROOF gambling is characterized by no disadvantageous results due to gambling.

O

Odds

Or a possibility response (a percentage of a bet, or a bookmaker invited).

P

Personal electronic transmitters (PETs)

An electronic configuration of a ticket to play Bingo or "Blessing Bingo". The game is purchased in front of the session and is loaded into PET. After the numbers are called, the player presses the pets and presses the pets to take into account.

Play-on-demand

An electronic game that autonomously plays between the current games of bingo. These games can be run during breaks, sessions, or during the current games of bingo. The design and sensation are similar to poker.

Pre-commitment

Preparatory promises are used to specify a device that has any opportunities for poker players to limit their spending and gambling time. One method is a card inserted into a machine that stops the continuation of the game when the set restriction is reached.

Prevalence rate

In epidemiology, the disease rate is an index indicating the total number of cases (such as gambling addiction) in a certain group, including recent cases and existing cases. The rate of illness must not be confused with the occurrence rate, which refers to the number of new cases at a certain point in a group.

Prevalence study

In the gambling disease rate survey, gambling behavior in a specific group is reproduced across. The data is intended to be supported by sample surveys, including gambling attitudes, gamblers attributes, and gambling behavior.

Problem gambling

Gambling addiction is that it is difficult to limit the money and time spent on gambling, and often has a negative effect on not only gambling but also other people in society.

Problem gambling Severity Index (PGSI)

PGSI is a Canadian screening tool for use in a social environment. PGSI has been improved to use in Australia, and is widely used in Australia's surveys as a sel f-reported tool (tested) to estimate the rate of gambling addiction.

Productivity Commission (PC)

Productivity Commission is an independent and advisory agency of the Australian government and is investigating various issues that affect the happiness of domestic people.

R

Responsible gambling

In this fund, we understand that "responsible gambling" is the following meaning to individuals:

  • Rust} I have all the opportunities to gamble for the fun and joy, but I understand the possibility of losing and know the accompanying dangers.
  • Be able to control gambling yourself
  • Responsible gambling is performed in the balance with other activities in life, and does not cause any problems or harm to yourself or the people around you.

A responsible gambling for a larger society, including gambling providers, governments, and sports associations, urge the following:

  • Share a responsibility to increase awareness of gamblin g-related risks.
  • Create and promote an environment that suppresses or minimizes problematic gambling.
  • Gambling responds to citizens' concerns

Responsible Gambling Advocacy Centre (RGAC)

RGAC was an organization that was established by the Victorian government and has been funded, with the aim of supporting people with sufficient information about gambling. RGAC ended its operation on June 30, 2012.

Responsible Service of Gaming course (RSG)

This certificate must be acquired within six months after all of the gaming facilities working in the gaming machine room, which are generally published.

Return to player

RTP (Return to Player) is a law obliged by the law to be paid to players as a "prize money" over time in the gambling amount. In Victoria, the return rate of slot machines players is at least 85 %, and the redemption rate of all machines in the calendar year is calculated. At the personal level, some may have almost nothing to return, while others may benefit more than the amount they have paid.

S

Self exclusion

Sel f-exrression is a program that banned gaming facilities and/ or online gambling. All Australian gaming providers must allow customers to exclude themselves from facilities and products.

Skill-based electronic gaming machine (EGM)

An electronic slot machine that can earn and increase personal prize money depending on how players demonstrate their abilities. In most cases, the character on the screen is random with a hybrid slot machine. When it starts, players have the option to participate in actions according to their skills, such as shooting and driving. Experienced players can use the functions on the screen to acquire support credits. The winning money is returned to the machine in the form of credit.

Social casino games

These are usually inexpensive games in the form of applications, tablets, or Facebook's applications, and simulate gambling. However, players do not have all the opportunities to earn money, and they pay the actual money to buy imitation money and play. These games are often not subject to gambling laws and regulations.

Social Economic Index for Areas (SEIFA)

This product, developed by the Australian Statistics Bureau, evaluates the characteristics of social economic distress and excellent qualities based on geographical positions. The index is based on the information obtained in the state census conducted every five years.

Sports betting

Bet to sporting events that are established by horse racing and grayhound racing. This can be done directly at the event or online.

T

Ticket In Ticket Out (TITO)

In a form of cashless gambling, a ticket with a currency price on the barcode instead of cash can be inserted into BAV and used to pay the prize money. The Tito system can be used not only in Crown Casino but also in clubs and hotels in Victoria. Tickets can only be used between machines in the same facility.

Totalisator Agency Board (TAB)

Tab is the name of an exclusive gambling organization that can bet on horse racing. In official facilities, odds and dividends are electrically displayed on the screen.

True odds

Real odds. Thus, the odds provided by the casino are set to ensure the superiority of the house to ensure a certain amount of income than the actual odds.

Turnover

Turnover is an expression used to represent the bet. This is all funded established before the winning or losing payment. Additional payments, which are still likely to be paid at the time of purchase, are effectively excluded. For example, in the case of a lottery, a fee for the resale agent.

V

Venue support worker (VSW)

The employees in this position will support institutions that implement serious gambling in accordance with the codes of the approved serious gambling. Employees who have been trained in the venue support program need to be aware of the stress symptoms of guests, which are likely to be related to hig h-risk gambling.

Victorian Civil and Administrative Tribunal (VCAT)

VCAT was established in 1998 based on the Victorian Civil and Administrative Tribunals Act 1998, integrating 15 guidelines and trials to respond to various conflicts. It began to work in 1998 to provide.

Victorian Gambling and Casino Control Commission (VGCCC, the commission)

The committee is considered a sel f-government legal agency that regulates the Victoria's gambling and alcoholic industry. The committee has held public hearing (public and private) on these issues, including encouragement of gaming facilities and requests for increasing the number of slot machines.

Video lottery terminal (VLT)

VLT is an independent device that looks like a slot machine and can bet at the end of a video game. It is true that VLT is particularly addictive because of its excellent play speed and quick return.

W

Wagering

Betting is officially a bet on horse racing and sports activities. In contrast to betting on poker machines and buying lottery, it is used as a word that shows a clear form of gambling. < SPAN> Tab is the name of an exclusive gambling organization that can bet on horse racing. In official facilities, odds and dividends are electrically displayed on the screen.

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Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

Betting operators in the UK have flooded MPs with around £, ($,) in freebies as the review of the Gambling Act of is about to begin. Analysis presented earlier in this report shows that the negative National Competition Council, , Annual Report , August; p. Page. This paper recommends a combined legal and self-regulatory approach: the law should set out a minimum acceptable standard of consumer protection and industry.

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