I guess like many others, I had a little punt on the weekends sporting action. I lost £10 on the Singapore Grand Prix, but my selections certainly enhanced my enjoyment of watching the live drama unfold before my eyes on television. Being interested in ‘all thing related to living in the city’, a quick google search on gambling led me to two articles published in the U.K. press relating to fixed-odds betting terminals (FOBT’s) The first article in The Observer, reports that the average loss by a regular FOBT gambler is £1,200 a year. However, on clicking on a link in the article, a far more disturbing picture appeared. Fixed-odds betting terminals are helping drug dealers ‘turn dirty money clean. As the Guardian reported, its a neat operation, allowing dealers to provide an alibi to the authorities when trying to account for large bundles of rolled up notes in their pockets.
Photo credit: The Guardian.