Paddy Power / Betfair / Flutter to introduce loss limits for young 'gamblers'

[Euler]

I've seen a few people talking about this in a couple of different threads, so thought we should start it's own thread.

Here is a clip of the news article. Click it to enlarge: -

2021-09-06 at 14.11.33.png

[wearthefoxhat]

I guess the only way they could "measure" the £500 loss a month, is cap the deposit limit for the U25 customer.

[deestar]

Alas it's been a long time since I was under 25. No word on how this would be implemented? On a calendar basis? Lose £500 on day 1 and that's it for the month? Hard as that ad goes.

[decomez6]

why Under 25 ?
- allowed to gamble from the age of 18 ,
- no family responsibilties,
- little or no savings ,
- knows how to create new ways of doing business( sharp interpreneurs),
- good ways to benefit older gamblers .....find a profitable under 25 let him /her use your account and see it grow.

My take-
its a nice way to push them into the eXcahnge and keep the public outrage under control.

Go for it ! paddy, ladbroke,williamhill... and any new ones that set up shop to accomodate the disgruntled shall be named and shamed'

let the blood thirsty public have a little of the Witch-hunting satisfaction .......
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[Derek27]

I mistook young gamblers for underage gamblers.
?
It really is incredible. You can legally have sex when you're 16, vote, smoke, drive and drink alcohol when you're 18, or is it 17 for driving? A young lottery winner isn't allowed to gamble more than £500 but somebody with £500 to his name is!

[Dallas]

It looks little more than a gesture just to show they are doing something without really thinking through if it will actually do anything to tackle problem gambling or the actual implications of imposing it

[ANGELS15]

I doubt there are many 18 - 25 yo using the exchange. It's more likely they will be registered with Paddy Power, possibly a few using Betfair Sportsbook.

[The Silk Run]

I doubt there are many 18 - 25 yo using the exchange. It's more likely they will be registered with Paddy Power, possibly a few using Betfair Sportsbook.

I bet you have a couple of student bet placers on your books when arbing from your bookmakers Nothing wrong with a little exploitation, it's a win-win.
P.s. Have you had the pleasure yet in testing their hot delights. A GOOD move for winter though.

[Trader Pat]

I'm sure there are plenty of traders on the exchange aged under 25.

This will be another blow to liquidity.

[decomez6]

I'm sure there are plenty of traders on the exchange aged under 25.

This will be another blow to liquidity.

I am under the impression the ban applies to bookies but not the exchanges ?
How else could one perform a trade with £500
Stakes?

[Euler]

Plenty of student arbers that could fall foul of this.

[Trader Pat]

I'm sure there are plenty of traders on the exchange aged under 25.

This will be another blow to liquidity.

I am under the impression the ban applies to bookies but not the exchanges ?
How else could one perform a trade with £500
Stakes?

I'd imagine it will apply across the board.

Will effectively mean if you're under 25 you won't be able to have a liability of >£500.

[The Silk Run]

Plenty of student arbers that could fall foul of this.

Students are quite resilient, they will have a workaround !!!! As I have mentioned on another topic "it's rule breaking" not law breaking.

[decomez6]

I'm sure there are plenty of traders on the exchange aged under 25.

This will be another blow to liquidity.

I am under the impression the ban applies to bookies but not the exchanges ?
How else could one perform a trade with £500
Stakes?

I'd imagine it will apply across the board.

Will effectively mean if you're under 25 you won't be able to have a liability of >£500.

So one can only incur a net loss of £500 a month.. meaning everytime you loose , then you get less money available for the next trade or is it to mean you can still incur losses so long as your account is showing a positive lifetime profit and they will only limit you if your losses exceeds your gains by more than £500 .
The problem with flutter as a company ,it has exchanges and bookies under the same banner. This makes it hard to separate the two .
And reading from the news article you wouldn’t immediately know which component of the businesses model is affected. Not unless they choose to shed a light on it .

[decomez6]

Plenty of student arbers that could fall foul of this.

Students are quite resilient, they will have a workaround !!!! As I have mentioned on another topic "it's rule breaking" not law breaking.

Stretching and bending is allowed