MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Five gambling myths that may bankrupt you

Five gambling myths that may bankrupt you

Social media posts, often by paid influencers, are coercing people into giving up even more of their money to betting companies

Young South Africans are betting on sites like Betway more and more. But over the long run, the only gambling winners are the companies themselves. Photo: Ashraf Hendricks
We are two final-year computer science students, and we have noticed just how bad the gambling crisis has become, especially on campus. Students are gambling their bursary or NSFAS funds away, and have to borrow money to avoid going hungry.
In this article, we want to debunk common gambling misconceptions found on social media and help make sense of how these systems actually work and why gambling is such a problem in South Africa.
A nation searching for the next jackpot
According to Google Trends, four of the top ten search terms…

Read More: Five gambling myths that may bankrupt you.

Desmond Tutu, a prominent cleric and activist, played a crucial role in the fight against apartheid and for
human rights.

Category: Tag:

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Fun South African fact

    Dear Editor Fun South African fact: towns like Franschhoek and Stellenbosch are home to world-class wine farms set in stunning, scenic surroundings. Regards Aressa Smith In Response to/From: Luxury Properties Seized in New Lottery Crackdown

  • Condolences on the Passing of Lusanda Dumke

    Statement by Leander Kruger MPL – DA Buffalo City Constituency Leader: The Democratic Alliance in Buffalo City Metropolitan Municipality mourns the passing of Springbok Women’s rugby player and Mdantsane trailblazer, Lusanda Dumke, who lost her battle with cancer at the age of 28. South Africa has lost an exceptional athlete, a leader, and a source…

  • Rape Kits Delivered, But…

    Statement by Nicholas Gotsell MP – DA NCOP Member on Security & Justice: The DA can confirm that 2 840 rape kits arrived in Cape Town on Monday, following sustained DA oversight and pressure after multiple police stations across the Western Cape were found to be without this critical forensic evidence tool. While this delivery…

Reader Interactions

Comments

  2. Fun South African Fact: The first successful heart transplant was in a Cape Town hospital