Gambling Review White Paper update

[Provoxv]

The proposed financial checks by the Liberal Democrats do seem a bit over the top, especially for responsible gamblers. It feels like they're trying to fix a problem by punishing everyone, which isn’t very liberal at all. I found this interesting site that’s an aggregator of online casinos, bonuses, and games.

[Provoxv]

The proposed financial checks by the Liberal Democrats do seem a bit over the top, especially for responsible gamblers. It feels like they're trying to fix a problem by punishing everyone, which isn’t very liberal at all. I found this interesting site that’s an aggregator of online casinos, bonuses, and games.

It’s a good way to find the best deals and safe places to play. Especially with the rise of crypto casino uk options, there are some fantastic alternatives that offer more freedom and privacy. Maybe exploring these can help us avoid overbearing regulations.

[Fugazi]

The proposed financial checks by the Liberal Democrats do seem a bit over the top, especially for responsible gamblers. It feels like they're trying to fix a problem by punishing everyone, which isn’t very liberal at all. I found this interesting site that’s an aggregator of online casinos, bonuses, and games.

I think we are all very biased. Why does anyone aside from a handful of profitable traders need to gamble more than £100 a month?

I think its a good thing. Just unfortunate for us lot.

[Archery1969]

The proposed financial checks by the Liberal Democrats do seem a bit over the top, especially for responsible gamblers. It feels like they're trying to fix a problem by punishing everyone, which isn’t very liberal at all. I found this interesting site that’s an aggregator of online casinos, bonuses, and games.

I think we are all very biased. Why does anyone aside from a handful of profitable traders need to gamble more than £100 a month?

I think its a good thing. Just unfortunate for us lot.

Yeah, you lot are a bunch of gamblers who pay no income tax and contribute nothing to society. Should all be ashamed and stand facing the nearest wall.

[Planet2024]

The update to the Gambling Review White Paper certainly presents a mixed bag of changes. On one hand, the increased number of machines and expanded offerings for casinos might indeed attract more users, potentially exacerbating gambling-related issues. The new licenses and the ability for casinos to offer sports betting will likely lead to an influx of new establishments aiming to draw in customers.

However, the proposal to impose stake limits on online slots and casino games is a step in the right direction. While a £2 limit might still allow for significant losses, it does provide a baseline control. The potential for a higher limit of £15 per spin is concerning, as it could lead to substantial financial harm, especially for those playing at high speeds.

Your suggestion of implementing a restricted deposit limit is interesting. This approach could provide a more controlled gambling environment, helping individuals manage their spending more effectively. It’s similar to strategies used by experts in other fields; for instance, Egle DiceGirl, a renowned Slots Games Expert, emphasizes the importance of bankroll management and setting limits to maintain control over gaming sessions.

In the end, it’s about finding a balance that protects vulnerable individuals while allowing responsible gamblers to enjoy their activities. Hopefully, ongoing discussions and feedback from the community will help shape more effective and considerate regulations.

[Alpha322]

Excuse my ignorance on all this
What does this mean, i wish to deposit my Autumn/Winter season Bank on 18th Sept. Does this mean i cant put in over £500 if thats the case we are in a lock in on Betfair, why is our Data of our private finances being shared ?? Thats wrong. I got a big Mortgage infact two never a payment missed in 15 years which BA over the years contributed to. How DARE THEY Seriously check up on affordability. Its everyone's responsibility what they can and cant afford.

[jamesedwards]

Excuse my ignorance on all this
What does this mean, i wish to deposit my Autumn/Winter season Bank on 18th Sept. Does this mean i cant put in over £500 if thats the case we are in a lock in on Betfair, why is our Data of our private finances being shared ?? Thats wrong. I got a big Mortgage infact two never a payment missed in 15 years which BA over the years contributed to. How DARE THEY Seriously check up on affordability. Its everyone's responsibility what they can and cant afford.

My expectation is that as long as you are playing within existing Betfair limits, and you don't have a long list of missed payments/CCJs etc on your credit file then you will be fine.

Also they are not supposed to be acting on this information as part of this pilot, although in reality if they find they have a heavy loser who is currently up to their eyeballs in debt etc then I can't believe they wouldn't feel compelled to act anyway.

You'll most likely find that Betfair have searched your credit file regularly already. It will be a soft search just like they already do.

[Alpha322]

Excuse my ignorance on all this
What does this mean, i wish to deposit my Autumn/Winter season Bank on 18th Sept. Does this mean i cant put in over £500 if thats the case we are in a lock in on Betfair, why is our Data of our private finances being shared ?? Thats wrong. I got a big Mortgage infact two never a payment missed in 15 years which BA over the years contributed to. How DARE THEY Seriously check up on affordability. Its everyone's responsibility what they can and cant afford.

My expectation is that as long as you are playing within existing Betfair limits, and you don't have a long list of missed payments/CCJs etc on your credit file then you will be fine.

Also they are not supposed to be acting on this information as part of this pilot, although in reality if they find they have a heavy loser who is currently up to their eyeballs in debt etc then I can't believe they wouldn't feel compelled to act anyway.

You'll most likely find that Betfair have searched your credit file regularly already. It will be a soft search just like they already do.

OK But still think its a invasion of privacy under GDP you cant blink these days HMRC on your profits from something you can loose on, Stopping smoking in pub gardens, next they will want to come in your house and check your Toilet to see you dump in it correctly

[Euler]

I stumbled across the written evidence for the white paper this week. Despite all the noise from a number of people, I can't see that any of them submitted any evidence or views?

https://committees.parliament.uk/work/7 ... -evidence/

[markzily]

Looking forward to the update on the Gambling Review White Paper. This should provide valuable insights for Betfair trading and sports betting strategies.

[Dublin_Flyer]

I stumbled across the written evidence for the white paper this week. Despite all the noise from a number of people, I can't see that any of them submitted any evidence or views?

https://committees.parliament.uk/work/7 ... -evidence/

I had a look at your submission Peter, it's easily understandable to anyone that knows trading or value betting, but I fear it may be way over the heads of many of the goons in media and parliament kicking off about gambling.

I would have used a way simpler analogy of a tossed coin being 50/50 (even money, evs, 1/1, 2.0) heads or tails representing a true book on an exchange, but in a bookies its 50/60 (5/6, 1.83) so the missing 1/6 is the overround/bookies profit. Then a rant about overrounds being too high, people are trying to buy a pound for 83p.

Then lead off elsewhere with a suggestion to divert attention and discombobulate - 3 off the top of my head would be:
1) Bookies should have to display their overround beside their markets, same as food companies have to display fat/carbs/salt in a traffic light system: For example in horse races in traditional bookies, under 108% green light, 108-118% orange light, 119+ red light, so the public know where the market is closer to getting value for their bet.
2) Virtual races should be banned or taxed at 95% on net profit, they serve no interest to sports or public interest only to try get addicts to buy a pound for 83p or less - make them lossmakers and they'll be gone overnight.
3) National Lottery/Euromillions must be included as a red light so people know they have fuuuuuuck all chance of winning.

At the end of the day, some people will always lose their whole months wages in a slot machine or online bingo or on virtual dog races in an hour. They are the absolute minority left of the bell curve of people who break even betting for leisure or professionally. The minuscule amount of people on the left side of the bell curve is probably comparable to the number of MP's who lie about their expenses, offshore accounts, undeclared interests etc.

Surely HMRC would be better off catching the location of possible whales closer to home than throwing the net out into the ocean hoping some mackerel fall into it.

Then after being nice and polite end with https://www.youtube.com/watch?v=ZIaSQ4kAZHM&t=10s

[Euler]

I had a look at your submission Peter, it's easily understandable to anyone that knows trading or value betting, but I fear it may be way over the heads of many of the goons in media and parliament kicking off about gambling.

Y, I could have probably simplified it a bit more.

[Dublin_Flyer]

Y, I could have probably simplified it a bit more.

Simplify but still make them think they're smart. Can't just go blasting away "I have neither the time, nor patience, nor quantity of crayons to explain in depth to you idiots..."

[Crumpets]

I thought a lot of 'problem gambling' issues were resolved when they banned accounts from using credit cards?

As I understand it, affordability checks are more to do with organisations terrified of harsh fines for potential money laundering?

And with that in mind....

I'm seeing the potential for big players (gamblers especially) being 'cancelled' for large deposits/individual losses. Does the forum have any idea of what constitutes acceptable losses for a large gambler, and what losses imply something dodgy? How wide is the gap?

Are launderers really going to be stopped by a loss of 500 quid a month? Surely that will only harm gamblers and traders?

I have no idea how big operators work on the exchange, but would be very interested if any experienced heads putting forward their views.

Surely there is something j'm missing..?

[Dublin_Flyer]

I'm seeing the potential for big players (gamblers especially) being 'cancelled' for large deposits/individual losses. Does the forum have any idea of what constitutes acceptable losses for a large gambler, and what losses imply something dodgy? How wide is the gap?
That's the how long is a piece of string thing - if someone has a 5% edge backing things around 2.0, they'll have a barely noticeable up and down P&L without massive losses. If the same person has a 5% edge on backing 25.0 chances, say golf for example, they'll have massive losses before the next win. Both are working off the 5% edge but one will be flagged and the other won't.

Are launderers really going to be stopped by a loss of 500 quid a month? Surely that will only harm gamblers and traders? 500 quid is less than a piss in a pot for big money launderers like drug dealers. When John McCririck used to go mad hyper on tv about someone having 50 or 100k on a horse at the big meetings, you can be sure there was dozens if not hundreds of 1k bets washing money that was never noticed, receipts kept for proof of "legitimate" income though!

I have no idea how big operators work on the exchange, but would be very interested if any experienced heads putting forward their views.
I haven't been racing in a long time, I clearly remember being at the Curragh on Irish Derby day in the early 2000's and watching bookies shout out "100 win on number 4 at 12-1, ticket 235" Bookies assistant clearly had Betfair open on the laptop, put 100 on 4 at 15.5, easy fuckin money!

2nd hand information is there was a bunch of Irish lads involved in placepot betting. Not the big meetings but the lower end card meetings like a Cartmel NH kinda thing. They'd find a 1 or 2 places to be paid race with a massive odds-on fav, fav would be pulled up or unseated rider and the placepot paid ridiculous high stakes. I think they're all dead/retired/warned off now.

Surely there is something j'm missing..? https://www.racingtv.com/watch/replays/ ... arney/1615 Willie Mullins horse allowed keep this race after clearly jumping out at the 2nd fence, laws for thee but for me!