How to regulate gambling

The current issue of The Economist has in its internet edition and article on betting shops.

For most people who gamble it is a form of entertainment which will always be here.

The best way to deal with it is to increase competition so that margins will drop and more of the money will be returned to players.  The way to increase competition is to make licenses easier to obtain and require hosts to publish information about themselves  and their businesses.  This should include any criminal convictions they might have, the percentage of money returned as winnings and profit and loss statements.

(The author of this comment has a web log on economics at https://economics102.wordpress.com/)

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