ADM sets new standards for gambling bonuses and odds errors

Italians love gambling, and the country boasts one of the most well-developed casino industries on the continent. The sector is legal and regulated, but strict requirements and limitations are implemented by ADM, the main controlling authority. It regularly updates its policies to ensure a transparent and fair environment for all parties, including players, iGaming operators, and the government. Italy’s Customs and Monopolies Agency has announced new changes in its gambling bonus regulations and presented a guide on fixing betting odds errors.

Background for the update

Gambling and betting became legal in Italy in 2006, and since then, the basic regulations mostly remained unchangeable. That legislation was considered a bit outdated, as bookmakers still lacked information on calculating bonus size considering the invested costs, wager, and other indicators. ADM provides a clearer approach on this point and provides particular limitations on casino and betting promotions accessible to Italian users. It’s crucial to choose ADM licensed bookmakers to ensure compliance with these regulations and secure betting practices.

Palpable errors in odds are another challenge the betting market had to address. They occur due to bookmakers wrongly calculating the eventual winning that bettors can get after making a particular prediction. In simple words, it’s the operator’s mistake, but this point often raises disputes between punters and sportsbooks. The new ADM regulations that came into force on the 1st of June allow bookmakers to request odds correction and provide clearer conditions for members, avoiding potential errors. Let’s have a closer look at both innovations in the Italian gambling law.

New bonus system for italian gamblers

According to the new requirements, a single user cannot receive more than a €100 bonus for a wager with fixed odds. Such limitations are necessary to help risk seekers manage their bankrolls better and avoid compulsive behaviours when betting or gambling. At first glance, there’s nothing easier than providing users with promotions: a bookmaker should only give the reward and payout in case of winning. However, the system is a bit more complicated.

Each bonus implies a particular wager and the potential cash prize size. Therefore, bookmakers face difficulties when calculating these sums, which directly affect the eventual taxation conditions and auditing processes. ADM has improved the already-existing legislation by implementing three reward types (full win, reduced win, and bonus win) and a clear description with the right calculations for bookmakers.

Mechanism for coping with palpable errors

This issue has been a bookies’ challenge for many years already, as mistakes in odds often create disputable situations with players and bettors. Suppose a user sees a very lucrative offer that doesn’t seem to be true when making a sports prediction. Of course, punters notice that the odds are suspiciously attractive, but many still prefer to use this opportunity to win loads of money. Such errors occur automatically, but many bettors want to receive their cash prizes and address courts.

The new ADM mechanism allows bookmakers to report these palpable mistakes and request their correction as soon as possible. The regulator considers the application and changes odds with the average indicator. The latter is calculated based on national tote information.

Impact of the latest changes on the italian betting market

The AMD amendments have just come into force, so it’s now impossible to see any tangible changes in the industry. However, bookmakers have been asking to resolve these issues for many years, so it’s predicted that the updates will positively affect their operations in the country. Users will also benefit from this solution, as they can get fairer betting odds and clearer promotion conditions.

At the same time, rewards’ limitations, allowing a single gambler to receive no more than €100 in bonus cash, will definitely disappoint many users. This decision aims to popularize responsible betting, which is based on appropriate bankroll management. Increased bonuses can result in overspending and compulsive behaviours, which is why ADM provided particular limitations for risk hunters. However, it’s worth noting that the latest regulations are only valid for in-country platforms, while overseas bookmakers can still exceed the limits.

Final insight

ADM constantly improves the existing gambling and betting regulations to enhance industry transparency and ensure all operators provide fair services. Fixing odds errors will lead to fewer disputes between users and bookmakers, which often end up in court and create numerous challenges for both parties. At the same time, new bonus regulations limit customers but help online sportsbooks properly calculate all costs and possible profits, which eventually affects their taxation rate.