Gambling Review White Paper update

[Kai]

My exposure limit is 20k, I asked to raise it and they did within a few minutes, amazing I can only deposit £100p/m but can bet up to 20k at any given time

That's pretty funny when you put it like that. Good to know, thanks.

And thanks to zippus ofc for willing to share full transcripts etc for everyone's benefit.

I'd ask to raise it whilst they're in a good mood, Kai.

I asked for mine to be raised from 25K a few years ago and they wouldn't do it, said based on my history 25K was enough. Was well before any affordability checks and was so I'd be able to seed more markets. Ridiculous as my Exchange Games Wallet limit is 100K and I've never even used it.

Yep

Same here with Exchange Games, and never touched it, must be a default limit. Although I do think you need to roughly have the amount in the main balance when asking to raise it via CS.

But wasn't worried about not being able to raise limits, since I was planning to directly ask my account manager when I need it, was only worried about triggering any invasive probing. As a foreign account I would assume to be safe from affordability checks but what slightly worried me is that I was still casually asked about affordability, so you never really know.

It also does seem to go up in 5K increments like I assumed, so this is really good.

[Naffman]

That's pretty funny when you put it like that. Good to know, thanks.

And thanks to zippus ofc for willing to share full transcripts etc for everyone's benefit.

I'd ask to raise it whilst they're in a good mood, Kai.

I asked for mine to be raised from 25K a few years ago and they wouldn't do it, said based on my history 25K was enough. Was well before any affordability checks and was so I'd be able to seed more markets. Ridiculous as my Exchange Games Wallet limit is 100K and I've never even used it.

Yep

Same here with Exchange Games, and never touched it, must be a default limit. Although I do think you need to roughly have the amount in the main balance when asking to raise it via CS.

But wasn't worried about not being able to raise limits, since I was planning to directly ask my account manager when I need it, was only worried about triggering any invasive probing. As a foreign account I would assume to be safe from affordability checks but what slightly worried me is that I was still casually asked about affordability, so you never really know.

It also does seem to go up in 5K increments like I assumed, so this is really good.

The only reason they'll increase it is if you're very close or at the current exposure limit

[ShaunWhite]

The only reason they'll increase it is if you're very close or at the current exposure limit

Did anyone suggest Exposure Reuse?

[Kai]

The only reason they'll increase it is if you're very close or at the current exposure limit

Did anyone suggest Exposure Reuse?

But you can't reuse funds that you don't get back fast enough, since not all trades/opportunities are recyclable.

Imagine all your daily races starting at the same time

[AnxiousBettor]

Thank you very much for your email regarding affordability checks and the Gambling White Paper, as well as for your support of the BHA and British racing as a whole.



The BHA welcomed the publication of the Gambling Act Review White Paper in April as an important step in ensuring the Government makes gambling regulation fit for the digital age. Whilst it is vital to ensure the low level of gambling related harm linked to racing is further reduced, this must not come at the expense of blanket affordability checks for punters that are intrusive and, in many cases, unwarranted.



It is worth noting that the White Paper is only the first step in any changes that are made to gambling regulation. As asked by the Government, the Gambling Commission is currently consulting on measures announced in the White Paper (including affordability checks). The BHA is in the process of providing a comprehensive, evidence-based, response to the various processes which the White Paper has commenced. This will include continuing to make our case that sweeping blanket checks on affordability are not appropriate, with any measures needing to be proportionate and targeted at individuals and their specific circumstances.



Ultimately, it is crucial that any regulatory framework for gambling recognises the unique relationship between racing and betting and strikes the correct balance between consumer freedom and protection. The BHA is working hard to try and achieve this and will continue to do so.



Thank you again for your support and for getting in touch with your views.



Best wishes



George

[Michael5482]

The BHA's stance on ensuring that any changes in gambling regulation are proportionate and targeted is important, especially in the context of the unique relationship between racing and betting. It's good to know that the BHA is actively working towards finding the right balance between consumer freedom and protection.

The BHA have left it to late they should of been on the front foot from day one. Day one should of been fighting for the separation of fixed odds gambling (spins, casinos etc) and skilled gambling (football, racing etc) but they did nothing absolutely nothing.

The BHA were to busy pissing about with whip rules, banning jockeys left right and center trying to appease people who'll never be appeased as they want to ban racing along with thinking more people will go racing because they don't use the pro cush as much.

Whilst I've completed the questionnaire any impact the new gambling legislation (whatever it may look like) has on racing (it won't be positive) lies at the door of the BHA.

[Kai]

Not so sure anymore whether this freedom that trading bestows would be worth all that stigma and red tape in the near future

You can have more time and money than you know what to do with but since you weren't supposed to win from a leisurely activity in the first place the society doesn't really know where to place you

Hate to even say it but depending how legislation goes might be worth considering moving on to greener pastures to try and utilize these sorts of skillsets elsewhere

[ShaunWhite]

Not so sure anymore whether this freedom that trading bestows would be worth all that stigma and red tape in the near future

People have got it in their heads that gambling is an unregulated free for all rather than a proper job. They seem to be OK about the 'fun' part like watching sports or pouring over stats but can't be bothered to do any admin.

Good luck to them picking anything else that doesn't have a load of paperwork and beurocracy. If you think the GC are a pain, HMRC make them look like puppies.

[Naffman]

If you were making 50K a month you'd bound to have taxable income even if only from savings interest. I'd be surprised if any full timers are heavily restricted with deposits. Anyone earning a living on here will probably have an account manager and they're usually clued up enough and take care of their clients.

They must have given you some reason for being restricted to 100pm, speak to your account manager or request one if you don't currently have one assigned.

That is true, my bad. Betfair taking care of their clients lol

They asked what job I had, said unemployed so they said that's £100p/m then, asked again and they asked if my job description had changed, it hadn't so they kept it at £100.

I requested an account manager about 10 days ago, they said they'd send the request to the relevant department, and you guessed it I've heard nothing since. Seems like you can only get stuff done through an AM but getting one is the hard part.

[Michael5482]

Reminder The Gambling Commissions Consultation to the Governments gambling white paper closes this Wednesday 18th Oct. Link below if you haven't completed it already and wish to have your say on the proposals:

https://consult.gamblingcommission.gov. ... regpanels/

The white paper was bad enough but the GC seem to have gone rogue with their proposals in the consultation. The main one being net winnings are basically worthless in their proposals and count for next to nothing.

[ShaunWhite]

Reminder The Gambling Commissions Consultation to the Governments gambling white paper closes this Wednesday 18th Oct. Link below if you haven't completed it already and wish to have your say on the proposals:

Unfortunately i's a waste of time, they won't consider public opinion on the big issues let alone this one.

[Naffman]

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More than 80% of respondents were over the age of 39, shocking stat for the future of racing

[ShaunWhite]

More than 80% of respondents were over the age of 39, shocking stat for the future of racing

But hasn't racing always been a older man's game? The sort of thing people gravitate to rather than it being a part of their earlier years. Like the Radio 4 audience? I didn't know any young people into horseracing when I was young, it's always been cars bikes birds drugs booze and music etc. Horseracing as a popular interest below the age of 30? I don't think so granddad.

But I'd think that split would be true of most online surveys. It's not a form of engagement that younger people have much faith in.

[Derek27]

I was the only kid in my class of 30 that was interested in horse racing and I knew of just one other kid in my year of 180 that followed it.

[ShaunWhite]

I was the only kid in my class of 30 that was interested in horse racing and I knew of just one other kid in my year of 180 that followed it.

I did know a girl at school with a horse though. I obviously pretended I'd been on one before to get a "date". It set off like a hare at a greyhound track and I ended up about 200 yards away.