A situation occurred today in my locality, I have some guys working for me today and suddenly I hard them battling with an issues and when I get close to them to know what exactly the problem is, and I asked the guy who look strange to me since I am meeting him for the first time and not a worker on the site what his business and why he is distracting the workers from work.
Then the guy narrated his case to be and he said, that one of the workers came to his betting shop the yesterday to play some visual, that at first the guy came with ₦1,000 in my local currency to make the bets and along the line, he existed the balance but as a regular customer, the agent decided to allow him at further on credits and in all he accumulated a total debt of ₦8,000 because he lost all the bets and since that yesterday he has been on the run from the gambling agent until he traced him to the site today.
So when I wanted to judge the case and possible settlement, I query the casino agent how can you allow a customer to gamble on credit to the tune of 8k Knowing fully well that the gambler only has a 1k balance which already existed?
Also what is the probability that the gambler will ever return after owning such debt in the betting shops, note the gambler's daily pay is 2k as a helper on the site, so he has to work for 4 days to be able to meet that debt that is if he doesn't make any other expenses.
Question is:
What is the possibility of the betting agent getting his money soon/considering the gambler's low-income earnings?
There is a very fine line to walk, but gambling institutions should not be in the business of giving out lines of credit. They should only allow you to play with funds from elsewhere, otherwise it creates a huge conflict of interest and it can drive customers into terrible debt more easily. In reality, the casino in your scenario did not lose anything except the virtual credit that they had extended to the gambler, who had then lost it and was expected to replace it by depositing real cash. It is actually rather shameful and would be unlikely to get any support in the courts of a country where gambling was regulated at the basic level. For example in places like Europe they do not allow you to fund gambling deposits via credit card which is a comparable situation.