Gambling and betting in our country is a craze that the government has tried to curtail. How? They have introduced measures such as heavy taxation on the sports bettors to make them more accountable in how they administer their businesses. Meaning the less revenue the betting companies have because of the taxation the less they have to spend on advertising. Thus in the government’s eyes, the betting companies are forced to reduce the ads they show and thus less the people are drawn to betting.
The gambling craze has reached such epic levels that even the outskirts of Meru have not been spared. They are apparently facing a shortage of coins to transact business with. This has been caused by the Chinese setting up gambling machines in the area.
In Athi market, residents are up in arms citing shortage of coins and rise in social vices with about 27 gambling machines in the area. Nkuene MCA Martin Makasi intends to introduce a law banning the illegal gambling machines.
The question that must be asked is how can there be a shortage of coins in the area. Clearly, the phrase that what goes in must come out does not apply to this betting machines because the coins are clearly not coming back out. Meaning, most of the gamblers are losing money. So why keep betting? The lure. Hii time nitapata luck nisjishindie. The gambler’s fallacy!
On this one I agree with the local MCA, ban those illegal machines!
Story courtesy of the Nation.