Peter:Trader Pat wrote: ↑Fri Jul 30, 2021 10:26 pmI hope you pulled the old "Do you know who I am?" routine!
Just generally how do you 'trade'. Are you pre-race trading or taking value bets? For what it's worth I dutch/value bet with Betdaq and barring a couple of emails along the lines of "are you comfortable betting in the sizes you are" there hasn't been anything like Betfair have been applying. I can't say you could trade pre-race on Betdaq like you can with Betfair as the liquidity simply isn't there however for value betting there's not much between the two. I've taken a position in the 15:35 now and there's close to £150k matched.Grinderman wrote: ↑Mon Aug 09, 2021 3:29 pmWell, the b*stards finally got me. Anyone offer any advice?
I had my full £20k bank in for Glorious Goodwood. Traded it. Made £2k. Happy days. I knew I wouldn't be active for another week, so I withdrew all bar £4k of it.
This alerted their Responsible Gambling muppets again. They restricted my account until I contacted them. Went through all of their 'are you sure you are in control?' stuff and was very polite.
They said they were happy to allow me a deposit budget of £1,000 per month!! This means I'll be trying to trade the Ebor meeting with about £7k. It's going to take me about a year to get my full bank back in!
They say that they won't increase it until I send them proof of income. Most of my income is from Betfair topped up by property rentals. Going to be difficult if not impossible.
Hopefully just an initial overreaction on their part and things slowly revert to a more reasonable mean, who knows how many known traders out there got limited or suspended prior to this.
lifted from a bbc report on the PP profits (https://www.bbc.co.uk/news/business-58156250):
hit squad deployment!!
That is hilarious cause taking specifically about bf, they actually force their 5% of PC and PC2 paying customers to gamble more than trade cause of the nature of those gdamn Premium Charges!jimibt wrote: ↑Tue Aug 10, 2021 2:37 pmlifted from a bbc report on the PP profits (https://www.bbc.co.uk/news/business-58156250):
Problem gambling
Last year a House of Lords report found that there were a third of a million problem gamblers in the UK, with young people being most at risk.
The amount of harm was wider, though. For each problem gambler, six were harmed by their activities. So two million people were harmed by "the breakup of families, crime, loss of employment, loss of homes and, ultimately, loss of life", the report said.
It found that 60% of gambling companies' profits come from the 5% of customers who are already problem gamblers, or who are at risk of becoming so.
and one for the *late night crew* to absorb:
... There was also a strong link between binge drinking and regular gambling, researchers said.
yeah, hence my highlighting that particular phrase. do these think tanks never ask searching questions?? of course > 50% of profits come from just 5% of customers. that said, i'd bet that PP don't fully appreciate the irony of their clampdowns when dealing with a split between Exchange clients and Sportsbook punters... (the differentiation intentionally impliednapshnap wrote: ↑Tue Aug 10, 2021 5:00 pmThat is hilarious cause taking specifically about bf, they actually force their 5% of PC and PC2 paying customers to gamble more than trade cause of the nature of those gdamn Premium Charges!jimibt wrote: ↑Tue Aug 10, 2021 2:37 pmlifted from a bbc report on the PP profits (https://www.bbc.co.uk/news/business-58156250):
Problem gambling
Last year a House of Lords report found that there were a third of a million problem gamblers in the UK, with young people being most at risk.
The amount of harm was wider, though. For each problem gambler, six were harmed by their activities. So two million people were harmed by "the breakup of families, crime, loss of employment, loss of homes and, ultimately, loss of life", the report said.
It found that 60% of gambling companies' profits come from the 5% of customers who are already problem gamblers, or who are at risk of becoming so.
and one for the *late night crew* to absorb:
... There was also a strong link between binge drinking and regular gambling, researchers said.
)
