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Posted May 19, 2014 by John Baintree in News
 
 

Students turn to gambling to fund university

craps dice
craps dice

When the times get tough, apparently, rather than get going, the students get gambling. Along with prostitution and volunteering to take part in medical trials, gambling is increasingly being seen as the way to ease financial hardships but the path can be fraught with danger.

Savethestudent website conducted a survey of some 2,300 students and their financial situations. The site fund that more than one in five students have admitted that they have turned to gambling to fund their education. One student, a second year student, reported how he had two months before his next chunk of student funding was available and until then he had a mere £10 a week to live on. He went onto recall how he turned to gambling as a way of making quick money and during the period in question he made an extra £50 without losses.

Steep rises in the cost of rent, living and tuition fees, have made living expenses a major concern for many students. Average monthly expenses have increased by £77 to £763 a month with accommodation costs taking up the lion share.

Students facing increasing pressure financially are then met with an increase in the volume of advertising for a vast arrange of gambling services. It is hardly surprising that more and more are being tempted into the world of gambling as the solution to their financial worries.

For students, the main temptation seems to lie in the world of online gambling. High street bookies with their fixed odds betting terminals seem to hold relatively little draw. With easy access to computers and the internet, it is the world of online gambling that is proving so damaging for many.

The irresistible risk and cost free sign up deals really do prove hard to resist for many students. The whole scenario is very redolent of your local dealer offering free wraps of heroin to ensnare youngsters and lead them into addiction.

For students, early success at alleviating financial worries can prove to be bad news. With this month’s financial crisis averted, gambling can quickly become the problem rather than the solution that it appears to be.