 Irish people are estimated to gamble up to five billion euro per year, that's 14 million euro per day and 10,000 euro per minute. Last year Ireland's losses through gambling were over 2.1 billion euro. This leaves Ireland with the third highest gambling rate in the world. In particular, student gambling is a serious problem in Ireland. With the Cheltenham races coming up this week, we asked ECU students whether they planned on placing any bets. Yeah, really looking forward to it. It's probably the biggest week in the horse racing calendar, so especially Wednesday is probably the best day, but yeah, really looking forward to it. Yeah, definitely nothing too serious, but I'll put on a few Bob. A few Bob. Yeah, if I get good tips then I'll put on a few bets. To be honest, not a massive plan of horse racing to begin with and even if I was, I'm not really a betting person, so I think I'm going to stay out of that, to be honest. Approximately 12% of Irish adults bet with a bookmaker weekly. 2% of Irish adults gamble online regularly and less than 1% of those who need treatment for problem gambling actually receive it. According to the Irish Daily Mirror, Irish people spent 172 million euro on betting on Cheltenham alone last year. Alison Rothwell, DCU TV News.