Bettors who use ‘bets’ as a source of income and investment need to be careful

The data comes from Investor X-Ray, carried out by the Brazilian Association of Financial and Capital Market Entities (Anbima), which included online betting for the first time in the research.

Of the total number of bettors, 3% said they frequently use betting apps. bets5% occasionally and 6% rarely.

Industrial process operator Vinícius Fernandes is in the first group, frequent bettors. He started about two years ago influenced by friends.

“I started betting smaller amounts first, aiming for entertainment and extra income. Then the gains increased and we ended up feeling emotional. There are many people who even end up quitting their jobs to make a living from it. It wasn’t my case, but for a few months the income I earned from betting was much higher than the income I earned from my work, however, sometimes bad luck strikes,” he says.

Education

Lawyer Gustavo Lopes, a specialist in business management, states that there is a lack of financial education which, in the professional’s opinion, should be taught in schools.

“In addition to Brazilians not knowing how to deal with money because they are not taught it, Brazilians look for a quick gain with a low investment, so they try to place a low value on a sports bet to earn a proportionally higher profit and do not see the investment as a month-to-month construction. month”, he analyzes.

For Fabiano Jantalia, founding partner of Jantalia Advogados and specialist in Gaming Law and Sports Betting, there is also a lack of education, mainly to enable bettors to be aware of the risks of gaming.

“For the majority of bettors this is not a problem, but those who have this propensity to imagine games as a source of financial income, this path needs to be protected”, he comments.

But the lawyer believes that one of the most worrying data brought by the research is in relation to the motivation of those who play. The chance to make quick money in times of need motivates 40% of bettors.

Among them, classes C (42%) and D/E (44%) and generation X (52%) stand out. Among those who take betting as fun, the percentage is higher in class A/B (33%) and among millennials (30%).

Two in ten betting people (22%) consider the bets a form of financial investment. The rate reaches 25% among men.

Rules

Responsible gaming is a set of policies and rules created by gaming platforms that aim to prevention and reduction of potential risk to ensure the experience is healthyhow to explain Jantalia.

“That the bettor has a healthy relationship, that he is not induced to bet excessive amounts, that he does not establish a relationship of dependence. So this is a concern all over the world. The logic that guides legislators and even regulatory entities in major world centers is that gaming and betting should be practiced for fun, for entertainment, and not out of necessity”, he observes.

On Tuesday (7), the Normative Instruction was published in the Official Gazette of the Union which determines that winnings of up to R$ 2,259.20 from sports betting will be exempt from charging Personal Income Tax (IRPF).