Proof of winnings is no longer enough!

[Derek27]

Was that you CS?

[jamesedwards]

Was that you CS?

It can't be illegal to transfer money from Betfair to Paypal to a Business account. And surely there is a full audit trail that can be shared with the powers that be if they stick their nose in?

[ilovepizza82]

If they are waiting with the review till January then it cant be any good news then.
When someone wants to sack you they wont do it in December. They will do it in January for obvious reason.

[Crazyskier]

Was that you CS?

It can't be illegal to transfer money from Betfair to Paypal to a Business account. And surely there is a full audit trail that can be shared with the powers that be if they stick their nose in?

It's not remotely illegal, or I wouldn't do it! My personal circumstances are such that I have to remain 'of good character' at all times (I'm 'on the square' for those that know what that means), and wouldn't remotely entertain anything untoward or illegal. The point is that withdrawing winnings to Paypal and from there to a SOLE TRADER account (note this is different to a limited company account), and in turn from the sole trader business account to a personal account allows for all of the necessary credit profiles at Experian, Trans Union and Equifax to be kept fully up to date and sole trader business account proves a 'self-employed' income, with the personal account showing an income also!

Of course tax returns and self employed NI contributions must be maintained, however I recommend a clever accountant for this; though I sometimes do self assessment for years where the income is below say, £50k.It's surprising what you can claim as legitimate taxable allowances when working from home : - )

CS

[PDC]

Affordability checks all but guaranteed to be brought in industry wide:

Minister for Tech and the Digital Economy Chris Philp’s speech to the GambleAware conference today:

To be workable and prevent harm, affordability checks need to be proportionate. As the Commission has said, demanding payslips or bank statements from every customer spending £100 or so is likely to be unwelcome, disruptive and disproportionate to the risks. But there is a level that is appropriate.

[Tetras]

Affordability checks all but guaranteed to be brought in industry wide:

Minister for Tech and the Digital Economy Chris Philp’s speech to the GambleAware conference today:

To be workable and prevent harm, affordability checks need to be proportionate. As the Commission has said, demanding payslips or bank statements from every customer spending £100 or so is likely to be unwelcome, disruptive and disproportionate to the risks. But there is a level that is appropriate.

Do amazon have to do affordability checks now if you buy an xbox, or get a doctor's report before you buy any wine from Tesco? Though I guess it's the same with banks and money laundering when real 'criminals' are allowed to deposit tens or hundreds of millions

[PapaShango]

Affordability checks just seem pointless.

They have only just banned credit card betting ( which was an absolutely crazy idea to begin with ). That should be the end of an affordability check. So long as it’s your money, and you are not borrowing / or have stolen it , then it’s up to the individual how much they can afford to lose.

It makes no sense, it’s just an unnecessary intrusion of privacy, in an age where we are told to keep all our bank details and sensitive information private.

Your bank will never call you and ask you for your personal details, though your bookmaker might.

[PDC]

And there in lies what I think is the bigger issue. Your casual punter is going to be more inclined to think sod that and will either bet on the black market or not at all, further weakening the already weakening exchange markets.

The talked about intrusion into an individuals life is crazy just so you can have a bet.

Some other quotes from the speech:

"At high levels of gambling, more intrusive checks are appropriate. I also want to be clear that checks based on spend and financial circumstances must supplement rather than supersede all the existing requirements on operators to monitor play data, identify risk and intervene accordingly."

"Like GAMSTOP, a single customer view (SCV) solution will protect a person, not just their account with one operator.

It is of course vital that any data sharing is done safely, securely and proportionately. I am glad the Commission has worked closely with the Information Commissioner’s Office which has now confirmed that a single customer view can be delivered with these values at its core."

Are people going to be willing to share very private financial information not with just one bookmaker, but by in doing so all bookmakers and trust that they then use the information solely "for your protection against yourself" and nothing more....

You can read the full speech here:
https://www.gov.uk/government/speeches/ ... conference

[Naffman]

If you suffer from variance I would try and get as much money into your account asap

[Euler]

This is the silly thing. Nobody has a straight path up or down, so bad runs will trigger an affordability check and restrictions. Ensuring more net losers.

[Trader Pat]

"We will publish a White Paper which sets out our vision for the sector in the coming months."

I don't really see anything new here. They've been saying the same thing for months now.

[PDC]

"We will publish a White Paper which sets out our vision for the sector in the coming months."

I don't really see anything new here. They've been saying the same thing for months now.

I hadn't seen/heard before a minister confirm there would definitely be affordability checks and a single customer view (SCV) solution. I know they had been talked about but never had I seen it confirmed they are coming.

[jamesedwards]

"Like GAMSTOP, a single customer view (SCV) solution will protect a person, not just their account with one operator.

This one is most concerning. If you've ever used any of the "responsible gambling" tools on any site to set limits/self exclusion, could you find all your accounts everywhere else suddenly limited to the same level? This suggests that is possible!

[deestar]

This is the silly thing. Nobody has a straight path up or down, so bad runs will trigger an affordability check and restrictions. Ensuring more net losers.

Indeed. I've been getting a few more pop ups recently to the tune of "we've noticed a change in your betting recently - check out these tools etc"

Anyone else?

As I keep a healthy bank in BF and haven't made a deposit for many years, I haven't been that concerned about it, but it is starting to make me nervous. Aside from Betdaq BF is my source of income!

The irony being yes; yes I have changed some of my betting behaviour because I'm now paying PC2 so I'm trying to up my commission to offset some of it, because that's the only way I can mitigate its impact. How does that square with their safer gambling approach.

[Trader Pat]

"We will publish a White Paper which sets out our vision for the sector in the coming months."

I don't really see anything new here. They've been saying the same thing for months now.

I hadn't seen/heard before a minister confirm there would definitely be affordability checks and a single customer view (SCV) solution. I know they had been talked about but never had I seen it confirmed they are coming.

Maybe but the fact its taking them so long to publish this white paper leaves me with some hope.