Affordability checks to go ahead

[jamesedwards]

The planned Gambling Commission affordability checks will be going ahead.

But the value thresholds seem reasonable, and they've been clear it's "net deposits" rather than the previously ambiguous "losses", which makes things much clearer for all.

z266.jpg

https://www.racingpost.com/news/industr ... 4B2Q7rmT5/

[Alpha322]

The planned Gambling Commission affordability checks will be going ahead.

But the value thresholds seem reasonable, and they've been clear it's "net deposits" rather than the previously ambiguous "losses", which makes things much clearer for all.


z266.jpg


https://www.racingpost.com/news/industr ... 4B2Q7rmT5/

I Still dont understand it, i was limited to £500 PCM under this new silly ness we are adults and am sure we have some sort of level of Responsibility however i dont do deposits anymore i just build the Bank at a minimum for the normal Market and risk more on High Volume meeting days

[jamesedwards]

The planned Gambling Commission affordability checks will be going ahead.

But the value thresholds seem reasonable, and they've been clear it's "net deposits" rather than the previously ambiguous "losses", which makes things much clearer for all.


z266.jpg


https://www.racingpost.com/news/industr ... 4B2Q7rmT5/

I Still dont understand it, i was limited to £500 PCM under this new silly ness we are adults and am sure we have some sort of level of Responsibility however i dont do deposits anymore i just build the Bank at a minimum for the normal Market and risk more on High Volume meeting days

I think (hope) this is what the new structure is designed to prevent.

Right now, bookies are running scared and operating their own thresholds and processes because the current rules are not clear.

[Euler]

One of the battles we face is if you look at the comments on this BBC article, you can see that people are still looking at betting in traditional terms. They have literally no idea that there are lots of people out there actually doing some pretty serious and interesting things in the markets.

https://www.bbc.co.uk/news/articles/cqj ... o#comments

[Naffman]

The large majority of the public will think this doesn't go far enough, not many of us make a profit betting and the general public have no idea we exist. They think the majority are addicts who need to be saved from themselves.

Many saying this is the end of betting - I disagree, this could've been so much worse IMO

[jamesedwards]

Many saying this is the end of betting - I disagree, this could've been so much worse IMO

I agree.

The thresholds are less severe than the average constraints already being dealt out today, and the clarity over the terminology "net deposits" is gratefully received. If it truly prevents the casual gambler from being hounded for personal financial documents to deposit a couple of hundred quid, then so much the better. I wonder what this means for the many who have been limited to £100 on Betfair due to failure to provide documents? Will they be reinstated?

It seems appropriate to me to limit a bettor's deposits if it turns out they have no disposable income and are up to their eyeballs in debt.

[Euler]

My daughter recently had her deposit limit removed from Betfair. This is far from over.

[ShaunWhite]

My daughter recently had her deposit limit removed from Betfair.
This is far from over.

Those two sentances seem to be slightly at odds with each other, care to expand on the 2nd?
Are you expecting these numbers to be tightened up?

[Euler]

My daughter had a £500 deposit limit and now she has no limit on her account. I think you may have misinterpreted what I said.

[ShaunWhite]

My daughter had a £500 deposit limit and now she has no limit on her account. I think you may have misinterpreted what I said.

I got that, it was the "this is far from over"