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

[Archery1969]

You might find allot more people with account restrictions as there is to be a shake up of UK gambling laws.

[Naffman]

You might find allot more people with account restrictions as there is to be a shake up of UK gambling laws.

Going to be a bloodbath, will take months to sort out especially with the backlog that there already seems to be.

[alexmr2]

https://www.racingpost.com/news/latest/ ... rms/462538

I just hope this doesn't seep into affecting traders but I have a feeling it will, there are so many questions and potential flaws with trying to implement this.

Would it mean new traders who aren't employed can't trade after being £100 down in a month (because they will have to go through a period of losing money)? What if your source of income isn't from traditional employment? What if you hold alternative assets which can't be proven electronically? Will we not be able to open a trade with more than £100 in the market?

[Derek27]

As far as I can see that's at the 'call for evidence' stage. Can't see how Betfair can be restricting accounts willy nilly already.

[TraderFred]

https://www.racingpost.com/news/latest/ ... rms/462538

I just hope this doesn't seep into affecting traders but I have a feeling it will, there are so many questions and potential flaws with trying to implement this.

Would it mean new traders who aren't employed can't trade after being £100 down in a month (because they will have to go through a period of losing money)? What if your source of income isn't from traditional employment? What if you hold alternative assets which can't be proven electronically? Will we not be able to open a trade with more than £100 in the market?

No point speculating until there are any official announcements. As that’s all anybody would be doing now, nobody is going to know.

As pointed out above the review is just starting and is in the evidence stage, apparently that last 3 months or so, then after that they have to decide what recommendations to take and how to act. Looks like its not going to be until the end of next year/ start of 2022 that they come into effect, and then we will all know where we stand.

There is also a proposed levy review coming next year too, though don’t see how they can do that with the legislation review ongoing. Be impossible to plan for any future levy until bookmakers know what the new rules are going to be.

It does feel like the vultures are starting to circle though, and whatever happens, it will never be enough for the anti gambling brigade, they will carry on trying to get gambling banned regardless.

Hoping that sports and racing gets left alone and they go more after the online casinos with the restrictions on time and money spent. The advertising laws should get reversed too imo, crazy that they ever allowed them to change really. Though I guess we know more this time next year, and just have to wait and see.

[wearthefoxhat]

This could be a reason....

trading.png

[jimibt]

This could be a reason....


trading.png

could have been a back of the sofa job

[alexmr2]

This could be a reason....

trading.png

My view is that the government absolutely loves people providing liquidity and losing money to the banks and institutions on the stock market because 1. It helps the banks and 2. It keeps people poor and in the system. If they didn't then I'm sure they would have taken down all these shyster social media traders and ads years ago

[alexmr2]

It does feel like the vultures are starting to circle though, and whatever happens, it will never be enough for the anti gambling brigade, they will carry on trying to get gambling banned regardless.

Hoping that sports and racing gets left alone and they go more after the online casinos with the restrictions on time and money spent. The advertising laws should get reversed too imo, crazy that they ever allowed them to change really. Though I guess we know more this time next year, and just have to wait and see.

Totally agree, casino websites are the real crack cocaine of the gambling industry. £500 per spin every few seconds no questions asked? No problem.

I don't like the idea of becoming a nanny state with less freedoms and more tracking of everything we do though. You'd think with the massive 2020 economic crisis that the last thing they would want to do is crush one of the biggest industries in the UK which provides billions in tax revenue every year.

I'm not sure how well the government organisations understand the exchange model, I'm just hoping that they that the current situation (traders pay PC, BF pays tax) will allow us to carry on as normal

[wearthefoxhat]

This might be how the online deposit limits turn out in the UK...inc Betfair?

GGPoker.

GG.png

[Hunter84]

https://smartbettingclub.com/blog/category/sbc-news/

Some advice on action we are able to take.

[Grinderman]

I just emailed my MP using the info in the above link. Suggest we all do likewise.

[Hunter84]

I just emailed my MP using the info in the above link. Suggest we all do likewise.

Me too and I've also shared it on social media.

[Crazyskier]

It's funny. My wife and I went into our local casino (Grosvenor) late last summer after the early lockdown restrictions were eased, mainly for the 2-4-1 cocktails they used to do before 9PM.

We had a drink, and when I wandered over the the touch-screen roulette machine, not only was the screen cleaned thoroughly by a watching waitress before I could touch it, and a mask handed for me to wear on the gaming floor (as opposed to the bar), but shortly after loading in some pound notes, a manager came across and explained that the new gaming regulations meant that he must enquire as to my affordability!

He was very embarrassed and it was a really awkward conversation as he was asking really detailed questions about income and how much I was gaming. Eventually I showed him my Premier Banking (black) Barclays debit card, and suggested that we were quite liquid enough to spend a few hundred on the roulette if we so wished, and he apologised again and wandered off.

I must admit it was really off-putting and I actually felt sorry for the chap having to ask such probing questions! Anyway, since then we haven't been able to go back anyway with the 2nd wave, but it does make me wonder how any but the heavily addicted might feel having to go through that just to wager a bit on a live casino in future.

As others have said, I just hope they leave football, the nags and the dogs alone, and focus on the FOBTs and online casinos / poker sites which I'm sure cause the most harm to those betting more than they can afford to lose.

CS

[Vladimir CC]

As others have said, I just hope they leave football, the nags and the dogs alone, and focus on the FOBTs and online casinos / poker sites which I'm sure cause the most harm to those betting more than they can afford to lose.

I never played online poker so I don't know, but isn't supposed to work more or less the same way betting exchanges work? Playing against other players and the platform charging a small fee from participants? Or am I missing something?