Affordability Checks etc

[Acheron]

With Fawcett talking about the end of high stakes gambling I mistook this all to mean some sort of ban after losses of 1-2k... If passed, hopefully the increased checks won't mean mass account closures, probably just more deposit limits (and headaches) in most cases?

[Naffman]

That sounds likely tbf, but how is any new money going to come in? Think you’ve just got to try and make hay as if it lasts another 10yrs I’ll be shocked.

[Kai]

Think you’ve just got to try and make hay as if it lasts another 10yrs I’ll be shocked.

More like 5 years if we're lucky

Look how dead the forum already is, it's beyond boring... even Discord is less active, altho part of that is more people losing their edge from reports I'm getting but thats normal, but theres just no new people coming in anymore.. if anything the industry needs more channels like pinneaple whatever with clickbait titles of easy profit

[Naffman]

Think you’ve just got to try and make hay as if it lasts another 10yrs I’ll be shocked.

More like 5 years if we're lucky

Look how dead the forum already is, it's beyond boring... even Discord is less active, altho part of that is more people losing their edge from reports I'm getting but thats normal, but theres just no new people coming in anymore.. if anything the industry needs more channels like pinneaple whatever with clickbait titles of easy profit

Who knew we needed the B@dger, he could be our saviour

10 years ago you could deposit £2k no problem even if you were a losing punter/trader, now you can’t even get more than £100 in even if you’re winning.

[Acheron]

If prediction markets take off in UK then hopefully the BF exchange can grow that way, maybe even offer another chance to expand into the US at some stage.

https://www.casino.org/news/betfair-eye ... -predicts/

[Andriy]

It's unclear if that's any losses or is deposit related.

If i have a fat finger moment, and lose a couple of k (or a betfair crash/error resulting in a loss from open bets, or faulty market suspension etc), but have the balance to cover it, will they still need to do the checks.

[wearthefoxhat]

It's unclear if that's any losses or is deposit related.

If i have a fat finger moment, and lose a couple of k (or a betfair crash/error resulting in a loss from open bets, or faulty market suspension etc), but have the balance to cover it, will they still need to do the checks.

I'd hazard a guess the emphasis will be put on the operator to make a judgement call based on the betting habits of the customer. If you have £5k in your account, built up over a period of 6 months, then in one day the red mist descends and you blow £4k, they would have a responsibility to act on your behalf, maybe enforce a cooling off period.

The deposit limitations are more or less in place, along with withdrawals, followed by a quick deposit trigger.

New customers also have to jump through hoops to get an account approved,. (that's the main issue, as some ain't gonna bother)