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: -
Paddy Power / Betfair / Flutter to introduce loss limits for young 'gamblers'
- wearthefoxhat
- Posts: 3248
- Joined: Sun Feb 18, 2018 9:55 am
I guess the only way they could "measure" the £500 loss a month, is cap the deposit limit for the U25 customer.
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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- 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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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!
?
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!
- The Silk Run
- Posts: 977
- Joined: Mon May 14, 2018 12:53 am
- Location: United Kingdom
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.
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- Posts: 4327
- Joined: Tue Oct 25, 2016 12:50 pm
I'm sure there are plenty of traders on the exchange aged under 25.
This will be another blow to liquidity.
This will be another blow to liquidity.
I am under the impression the ban applies to bookies but not the exchanges ?Trader Pat wrote: ↑Mon Sep 06, 2021 4:37 pmI'm sure there are plenty of traders on the exchange aged under 25.
This will be another blow to liquidity.
How else could one perform a trade with £500
Stakes?
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- Posts: 4327
- Joined: Tue Oct 25, 2016 12:50 pm
I'd imagine it will apply across the board.decomez6 wrote: ↑Mon Sep 06, 2021 5:35 pmI am under the impression the ban applies to bookies but not the exchanges ?Trader Pat wrote: ↑Mon Sep 06, 2021 4:37 pmI'm sure there are plenty of traders on the exchange aged under 25.
This will be another blow to liquidity.
How else could one perform a trade with £500
Stakes?
Will effectively mean if you're under 25 you won't be able to have a liability of >£500.
- The Silk Run
- Posts: 977
- Joined: Mon May 14, 2018 12:53 am
- Location: United Kingdom
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 .Trader Pat wrote: ↑Mon Sep 06, 2021 5:54 pmI'd imagine it will apply across the board.decomez6 wrote: ↑Mon Sep 06, 2021 5:35 pmI am under the impression the ban applies to bookies but not the exchanges ?Trader Pat wrote: ↑Mon Sep 06, 2021 4:37 pmI'm sure there are plenty of traders on the exchange aged under 25.
This will be another blow to liquidity.
How else could one perform a trade with £500
Stakes?
Will effectively mean if you're under 25 you won't be able to have a liability of >£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 .
Stretching and bending is allowedThe Silk Run wrote: ↑Mon Sep 06, 2021 5:56 pmStudents are quite resilient, they will have a workaround !!!! As I have mentioned on another topic "it's rule breaking" not law breaking.