The love of money

There is an epidemic of child gambling. The Gambling Commission says that 450,000 children aged 11-16 bet regularly of whom 55,000 are “problem” gamblers. This represents a quadrupling of child problem gamblers in two years. The average stake is £16 a week each. Experts blame the sharp increase on the explosion of television adverts. Betting company adverts dominate the commercial breaks in televised Premier League football matches. 60% of the teams in the Premier League and Championship now have betting companies’ names on their shirts and receive large sums of money for doing so.

The exploitation of children and others by betting companies is shameless and is attended by hypocrisy. Betting companies say, “It means more when you have a bet on it” and “Betting should only enhance the enjoyment.” Even while encouraging people to place a bet, including offers of a free first bet, they encourage people to “bet responsibly” and say, “When the fun stops, stop.” In an effort to reduce gambling addiction Italy and Albania have recently placed restrictions on the activities of betting companies and football teams.

Betting companies make big profits for their owners and shareholders and most gamblers lose money they can’t afford to lose. I remember meeting a young man who had received compensation for serious injuries he had sustained in a road accident. A good friend had died in the accident. He told me he had been depressed and had started gambling online. When he lost money he would place another bet in the hope of recouping his losses. In a short time he lost all the money he had received. Some young problem gamblers have even taken their own lives.

In perfect justice, God will judge those who use their wealth and power to exploit the poor and vulnerable. The book of Proverbs says, “Do not exploit the poor because they are poor and do not crush the needy in court, for the Lord will take up their case and will exact life for life.” We all need to guard against the temptation to want to be rich and to help and protect young people who are being tempted. The Apostle Paul wrote, “Godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil.”

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