I really hope pointless pet projects like this don't get accepted. In the current climate it would be stupid for the government to reduce their revenue from the gambling industry by applying more laws like this.
If inplay betting is banned what does that mean in terms of getting out of a position when you miss take SP? I can't remember if it was either the dogs or Aus racing I once got caught out stuck in a position (can't remember if I had my closing stake in with take SP or not).
I'm surprised that the online casino games haven't had the same £2 stake limit applied (some let you bet up to £500 per spin). I would say that someone who can't control their urges is more likely to go overboard on those types of games when alone at home. I've never been a "gambler" but when doing the advantage play signup offers, I could see how these games are far more addictive and dangerous than any other type of betting.
APPG report recommends UK ban on 'in-play' betting
I read the report when it came out, this is how a lot of legislation starts. They go for the extreme and then make compromises on its route through parliament.
On the face of it, it's too broad and it's an anti-gambling crusade.
But that isn't differentiating between types. Some crappy bingo game, or virtual sport serves no purpose other than separating the guidable from their money. At least sport has an element of skill or entertainment about it.
You do feel the industry has shot itself in the foot. I mean look at Betfair, best innovation since gambling was invented and yet the industry has tried its hardest to bury it. Anybody using an exchange would be losing much less than anywhere else, but it's not exactly front and centre is it?
Also Betfair added a sportsbook that wasn't linked to the exchange and I'm constantly being offered crappy arcade and casino offers. Just let the exchange be the exchange and be done with all the other garbage.
On the face of it, it's too broad and it's an anti-gambling crusade.
But that isn't differentiating between types. Some crappy bingo game, or virtual sport serves no purpose other than separating the guidable from their money. At least sport has an element of skill or entertainment about it.
You do feel the industry has shot itself in the foot. I mean look at Betfair, best innovation since gambling was invented and yet the industry has tried its hardest to bury it. Anybody using an exchange would be losing much less than anywhere else, but it's not exactly front and centre is it?
Also Betfair added a sportsbook that wasn't linked to the exchange and I'm constantly being offered crappy arcade and casino offers. Just let the exchange be the exchange and be done with all the other garbage.
I'm intrigued by this. Couldn't agree more on the last sentence. Why did they dilute their product with a sportsbook though? Raw greed? We can't access it here so for Aussies at least the exchange is the exchange and no extra garbage. But then we can't use it to its full extent. Imagine if they only allowed trading on the stock exchange overnight outside of business hours when it isn't "in-play".
I remember getting a phone call from them about it.Why did they dilute their product with a sportsbook though? Raw greed?
They, quite correctly, said that the exchange was too complex for ordinary punters so they wanted to put a front end on it. It was carefully explained to me back then that this was fully linked to the exchange and merely a portal to it. Which was fine, that sounded like a great idea. We all expressed our concern as to whether it would end up more than that.
They offered price rush so orders would get pushed to the exchange but that was quietly removed and then the cash out functionality which was linked to the exchange was also dropped.
The Breon came in as CEO and almost turned Betfair into a full-on sportsbook. Once he got his bonus of many tens of millions he buggered off and let somebody else clear up the mess.
Intriguing.Euler wrote: ↑Wed Jun 17, 2020 9:35 amI remember getting a phone call from them about it.Why did they dilute their product with a sportsbook though? Raw greed?
They, quite correctly, said that the exchange was too complex for ordinary punters so they wanted to put a front end on it. It was carefully explained to me back then that this was fully linked to the exchange and merely a portal to it. Which was fine, that sounded like a great idea. We all expressed our concern as to whether it would end up more than that.
They offered price rush so orders would get pushed to the exchange but that was quietly removed and then the cash out functionality which was linked to the exchange was also dropped.
The Breon came in as CEO and almost turned Betfair into a full-on sportsbook. Once he got his bonus of many tens of millions he buggered off and let somebody else clear up the mess.
Never ceases to amaze me how many people can't be bothered to even slightly attempt to understand what's under the hood of gambling.
On the subject of the sportsbook. I use the Betfair exchange app exclusivly. Lately Betfair seem to have 'welded' it to the sportsbook. If you deposit money into the exchange app and then try to page back to the markets you find yourself in the sportsbook app even though you may not have downloaded it. You have to close all the apps on your phone and click on the exchange app again to re-enter exchange wasting valuable time.
What pisses me off every time you try to pick yourself up some shit happens. I was in an 'entertainment' type industry part time job last year. I had been in it 15 years. However the latest boss there was a total arsehole. We were always short staffed and constantly getting bollockings for not being in 3 places at once. I left last summer. I also had some self employed work, plus I do a fair amount of 'in-play' trading fairly succesfully on Betfair. I figured I'd get by. The betfair trading was just starting to pick up around febuary/march when the pandemic happened!
Now racing has resumed I'm getting back on track. I just hope this latest restriction never happens.
What pisses me off every time you try to pick yourself up some shit happens. I was in an 'entertainment' type industry part time job last year. I had been in it 15 years. However the latest boss there was a total arsehole. We were always short staffed and constantly getting bollockings for not being in 3 places at once. I left last summer. I also had some self employed work, plus I do a fair amount of 'in-play' trading fairly succesfully on Betfair. I figured I'd get by. The betfair trading was just starting to pick up around febuary/march when the pandemic happened!
Now racing has resumed I'm getting back on track. I just hope this latest restriction never happens.
I forgot to mention what made things worse re the work is that having left the work so long ago I don't qualify for the furlough. Also I didn't qualify for the self empyment grant either as over the last 3 years my profit from the self employment has been less than 50% of my total income, hence I was really hoping to get by exchange trading back on track.
Have you ever thought of opening up your own Betangel Bookmakers? My Uncle had 2 in Birmingham during the 1990's if you want any advice. He's retired now but has been using the Betfair Exchange since 2000Euler wrote: ↑Wed Jun 17, 2020 8:53 amI read the report when it came out, this is how a lot of legislation starts. They go for the extreme and then make compromises on its route through parliament.
On the face of it, it's too broad and it's an anti-gambling crusade.
But that isn't differentiating between types. Some crappy bingo game, or virtual sport serves no purpose other than separating the guidable from their money. At least sport has an element of skill or entertainment about it.
You do feel the industry has shot itself in the foot. I mean look at Betfair, best innovation since gambling was invented and yet the industry has tried its hardest to bury it. Anybody using an exchange would be losing much less than anywhere else, but it's not exactly front and centre is it?
Also Betfair added a sportsbook that wasn't linked to the exchange and I'm constantly being offered crappy arcade and casino offers. Just let the exchange be the exchange and be done with all the other garbage.
Quietly retired in stages.
When it was introduced I checked it to see what impact it may have on the exchange, then I noticed you were getting 'rushed' on the sportsbooks and it wasn't appearing on the exchange. Betfair started nipping some margin from it.
When it was introduced I checked it to see what impact it may have on the exchange, then I noticed you were getting 'rushed' on the sportsbooks and it wasn't appearing on the exchange. Betfair started nipping some margin from it.
This would be an absolute disaster for me as I do nearly everything in play. It's actually made me quite angry, who the fuck do these people think they are? It's such a radical and arbitrary proposal written by people who clearly have a vendetta against gambling. Reading the report I kind of get the impression they would just outright ban gambling if they thought they could get away with it. I understand some of the proposals as well and don't disagree with things like restricting FOBT stakes but its seems they have just lumped all gambling into the same "evil" box without properly understanding it. I found this quote in an article and like the vodka comment.
https://www.gamblinginsider.com/news/93 ... -any-merit
"In-play sports betting cannot be restricted to venues or telephones (who uses telephones to bet nowadays, anyway, with Bet365 recently closing its telebetting service?) You cannot simply recommend the removal of a key product in any industry – this is lazy from the APPG. Why not just ban all vodka, for example?"
Really hope Euler is right and this gets watered down.
https://www.gamblinginsider.com/news/93 ... -any-merit
"In-play sports betting cannot be restricted to venues or telephones (who uses telephones to bet nowadays, anyway, with Bet365 recently closing its telebetting service?) You cannot simply recommend the removal of a key product in any industry – this is lazy from the APPG. Why not just ban all vodka, for example?"
Really hope Euler is right and this gets watered down.
-
firlandsfarm
- Posts: 3332
- Joined: Sat May 03, 2014 8:20 am
My experience of the people who criticise betting and gambling is that they don't understand it at a skilled level and see those who need protection from themselves as a higher priority for salvation than those who make tax free profits! For a start they don't understand the difference between betting (a wager based on viable assessment) and gambling (a wager based purely on chance). They probably looked into in-running horses and imagined the fool thinking "that one's going to win … no this one will" and ending up staking bets on multiple runners in the frenzy of the race which as we all know is not the same as longer events such as football etc. Just my guess from discussing betting with friends who are stuck with a "the Bookie always wins" mentality.