Betfair Account Restrictions & closed accounts - Getting them removed and accounts reopened

News, chat and debate about the Betfair betting exchange.
Post Reply
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Realrocknrolla wrote:
Sun Jan 31, 2021 11:52 am
goat68 wrote:
Sun Jan 31, 2021 11:43 am
end of Betfair.....
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
And?
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Brexit, that will never happen....haha
User avatar
ilovepizza82
Posts: 490
Joined: Thu Nov 02, 2017 3:41 pm
Location: Sewers
Contact:

lol
Most people have £5000 deposit limit.
Ive had it ever since i remember.
User avatar
Realrocknrolla
Posts: 1903
Joined: Fri Jun 05, 2020 7:15 pm

goat68 wrote:
Sun Jan 31, 2021 12:04 pm
Realrocknrolla wrote:
Sun Jan 31, 2021 11:52 am
goat68 wrote:
Sun Jan 31, 2021 11:43 am
end of Betfair.....
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
And?
"Betfair claims to have over 4 million customers (1.1 million active customers) and a turnover in excess of £50 million a week." 2014
User avatar
The Silk Run
Posts: 902
Joined: Mon May 14, 2018 12:53 am
Location: United Kingdom

If I was in a position to lobby I would end the monopoly and encourage regulated competition to the exchanges. Paddy Power Betfair should not be included in this as they manage their business like a monopoly game board !!!
User avatar
Derek27
Posts: 23471
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Surely anyone who's lifetime profile is in profit can afford to gamble? As goat says though, if all the losers are taken out of the market that would be the end of the exchange. I would have had my account closed when I was predominantly arbing and losing to Betfair.
User avatar
Realrocknrolla
Posts: 1903
Joined: Fri Jun 05, 2020 7:15 pm

Derek27 wrote:
Sun Jan 31, 2021 3:46 pm
Surely anyone who's lifetime profile is in profit can afford to gamble? As goat says though, if all the losers are taken out of the market that would be the end of the exchange. I would have had my account closed when I was predominantly arbing and losing to Betfair.
Can’t see it, but get your point about the exchange but not betfair as a company.
User avatar
ANGELS15
Posts: 844
Joined: Wed Mar 22, 2017 9:57 am

Another threat which I'd mentioned before or possibly elsewhere is a possible time limit to how long a customer can be online. Many strategies may rely on us being connected via Bet Angel for hours at a time for automation to do it's work. This is in contrast to ordinary betting where people can simply log in and out to place bets. I suspect that the authorities may be aiming the time limits more at online fruit machine gaming but who knows?
User avatar
Grinderman
Posts: 94
Joined: Sun Mar 08, 2015 2:44 pm

This reply in from my MP

Thank you for contacting me about sports betting and the review of the Gambling Act 2005.

I know many people enjoy gambling and of course, everybody has the right to spend their own money enjoying themselves. But on the other hand, gambling addiction is highly serious and where a harm is clear, the Government has a duty and responsibility to tackle it.

I believe the law on gambling should be approached from a public health perspective to protect the vulnerable and particularly children and young people, but to allow others who choose to do so to gamble safely.

I welcome the gambling review because UK gambling legislation is more than 15 years old. It is right that the legislation is brought up to date. We need fit-for-purpose regulation that can keep up with the changing nature of gambling online. We must also ensure the right support is in place to tackle the highly serious matter of problem gambling.

I do, however, recognise the concerns you raise and I am aware of reports suggesting there could be an increase in unregulated betting activity on sport as a result of the Gambling Commission’s affordability proposals being consulted on alongside the Government’s review.

The Gambling Commission has said it does not necessarily consider it proportionate that an affordability assessment is undertaken on all customers. But it does feel online gambling operators should consider whether a customer is spending beyond their means, and therefore proposes an affordability assessment should be undertaken if certain loss thresholds are reached.

I believe we need a regulated and safe gambling industry both for the industry itself and for those who are at risk from gambling-related harm. Nevertheless, I agree the legislation must be evidence-based so the right measures can be targeted effectively to reduce gambling-related harm.

The Government says it is seeking to strike a careful balance between giving individuals the freedom to choose how they spend their own money, while protecting vulnerable people and their families from gambling-related harm.

I hope the full range of evidence and views will be considered throughout this process, and I will certainly continue to bear in mind the points you raise.

Thank you once again for contacting me and sharing your views.
User avatar
LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

Thanks for posting. That's still unclear how they will determine one's affordability though
User avatar
Grinderman
Posts: 94
Joined: Sun Mar 08, 2015 2:44 pm

Yes, doesn't really say much at all. Politicians eh? The more of us that contact them though.
User avatar
firlandsfarm
Posts: 2688
Joined: Sat May 03, 2014 8:20 am

Grinderman wrote:
Tue Feb 09, 2021 11:54 am
This reply in from my MP

Thank you for contacting me about sports betting and the review of the Gambling Act 2005.

I know many people enjoy gambling and of course, everybody has the right to spend their own money enjoying themselves. But on the other hand, gambling addiction is highly serious and where a harm is clear, the Government has a duty and responsibility to tackle it.

I believe the law on gambling should be approached from a public health perspective to protect the vulnerable and particularly children and young people, but to allow others who choose to do so to gamble safely.

I welcome the gambling review because UK gambling legislation is more than 15 years old. It is right that the legislation is brought up to date. We need fit-for-purpose regulation that can keep up with the changing nature of gambling online. We must also ensure the right support is in place to tackle the highly serious matter of problem gambling.

I do, however, recognise the concerns you raise and I am aware of reports suggesting there could be an increase in unregulated betting activity on sport as a result of the Gambling Commission’s affordability proposals being consulted on alongside the Government’s review.

The Gambling Commission has said it does not necessarily consider it proportionate that an affordability assessment is undertaken on all customers. But it does feel online gambling operators should consider whether a customer is spending beyond their means, and therefore proposes an affordability assessment should be undertaken if certain loss thresholds are reached.

I believe we need a regulated and safe gambling industry both for the industry itself and for those who are at risk from gambling-related harm. Nevertheless, I agree the legislation must be evidence-based so the right measures can be targeted effectively to reduce gambling-related harm.

The Government says it is seeking to strike a careful balance between giving individuals the freedom to choose how they spend their own money, while protecting vulnerable people and their families from gambling-related harm.

I hope the full range of evidence and views will be considered throughout this process, and I will certainly continue to bear in mind the points you raise.

Thank you once again for contacting me and sharing your views.
Hi Grinderman, thanks for posting your MP's response to you. The thing that hit me immediately and this will probably apply to over 90% of those making this law, they don't understand the difference between betting (assessible outcomes) and gambling (chance outcomes). Could you post your letter to your MP ... maybe encourage more to write. :)
User avatar
firlandsfarm
Posts: 2688
Joined: Sat May 03, 2014 8:20 am

wearthefoxhat wrote:
Sun Jan 31, 2021 9:53 am
Currently, HMRC treat trading, and profits from trading/gambling, as non-taxable in the UK. If they go to the "US model" and tax it in some form, then, once this is proven to the trading platform, certain restrictions should be lifted, but kept in place for the more recreational punter.

If there are losses (as per a large % of businesses), then records are filed accordingly and no tax in that financial year. The govt/hmrc aren't gonna say to a bona fide, tax paying business, they can't invest larger amounts to make future profits. (Or, less than £12,500 personal tax allowance) Under those conditions, national insurance should also be paid too. (Registered as self employed too)
Hi WTFH, you and I took part in this thread Confused about tax on winnings? but there will be many who maybe have not seen it so I post a reminder here.
User avatar
Grinderman
Posts: 94
Joined: Sun Mar 08, 2015 2:44 pm

I used this provided by Hunter84 via his link on page 3 of this thread.

Write to your MP

I have also been working with a UK parliamentary contact who has a keen interest in betting to draw up a template letter/email to send to your MP. Here is what to do:
•Locate your MP here: https://members.parliament.uk/FindYourMP
•You will need to input your postcode and it will find your MP and their contact e-mail address.
•Once located, insert their name at the top and your name and address at the bottom and send the below.

Dear (insert MP name)

I am writing to express my deep concern about the current review into the Gambling Act and the suggestion by some campaigners that restrictive affordability limits are introduced to betting accounts held by recreational sports bettors.

The reason for my concern is what I would define as skilled betting on sports should not be treated in the same way as unskilled gambling on online casinos, slots or bingo. I spend many hours studying sports markets and would equate what I do to someone investing in the stock market. You do not have to face invasive affordability checks with this investing and I believe the prospect of having to send bookmakers bank statements and wage slips is a huge breach of privacy, a significant data risk and a gross infringement of liberty.

As well as this, I would argue that this is a sledgehammer to crack a nut solution, as evidence shows online slots and casino games have comparatively higher rates of problem gambling than, for example, horse betting. Introducing affordability checks for sports betting will simply drive punters to unregulated markets and hit the treasury revenues at a time the Country can least afford it.

I am therefore asking you to represent my views and contact Nigel Huddleston MP calling upon him to decouple sports and events betting from that in online casinos and reject intrusive affordability checks as part of this review.

Kind regards,

(insert name and address)
User avatar
firlandsfarm
Posts: 2688
Joined: Sat May 03, 2014 8:20 am

Thanks Grinderman, sorry I didn't spot the original post. I will send it direct to Nigel Huddleston with a cc to my MP (Nusrat Ghani) because from past experience of corresponding with her she will not do anything that might disadvantage her career aspirations!

BTW using the postcode to find your MP is not fool proof, I doesn't work for me as my postcode is covered by 2 constituencies and the wrong one tried to claim me! :) It is a rare occurrence and mainly limited to rural areas where postcodes can cover a large area.
Post Reply

Return to “Betfair exchange”