Britain at the Bookies

[hilly2908]

New 3 part series starting Mon 20th 9pm BBC1 looks a intresting watch.

http://www.bbc.co.uk/iplayer/episode/b0 ... -episode-1

[LeTiss]

Cheers, I hadn't noticed that

[hilly2908]

Heres hoping it much better than todays racing was

[LeTiss]

Those FOBT's are just moneyeaters. I've never seen the attraction with those machines, I'd rather go to an actual Casino & experience the real thing

[LeTiss]

I thought the bookies came out of that show pretty poorly

It's clear how quickly they shut down winners, yet encourage problem gamblers on benefits to lose everything they have

[burdo77]

I'm really supprised the exchange is not more widely used considering the dirty tactics of the bookies. You just have to read the clauses of a free bet to know that they are dodgy. I got an email today to join sports bet, to withdraw winnings from the free bet I had turnover it 5times. Yes I could arb it to get the turnover required. But..., arbing is not allowed. Furthermore, the free bet is only available in 3states. For anyone joining the bookie who didn't read the terms and conditions would of joined assuming that they would get a free bet, but they are excluded if they live in certain states.

[Euler]

I really wish the press would do a feature on traders and open peoples eyes to the exchanges. Bookies are something that belong to the 80's and it's so one sided and outdated as a concept.

With modern technology there is no reason why people should continue to place a bet that way.

[Euler]

Most shops make £5k a week it quoted. So a decent trader is better than a shop!

[LeTiss]

I really wish the press would do a feature on traders and open peoples eyes to the exchanges. Bookies are something that belong to the 80's and it's so one sided and outdated as a concept.

With modern technology there is no reason why people should continue to place a bet that way.

Strangely enough mate, when I was watching the show I was thinking "Peter Webb must know allsorts of people in high positions.....surely he knows someone involved in production who could pitch the idea about promoting exchanges and the life of a trader"

[Euler]

I've tried many times, but it seems hard to generate interest. I mean some of the stories are incredible and put to shame some of the rubbish you see on TV. But people seem to paint us with the same brush at traditional gamblers.

[PeterLe]

I felt exactly the same; where was the mention of exchanges? I think if they had even done a 5 min section on exchanges with Peter, that would generate massive demand.

On the downside; I felt saddened by the young man Stuart who lost his fortnightly money on the games machines. He was a broken man.

Regards
Peter

[hilly2908]

I thought the bookies came out of that show pretty poorly

It's clear how quickly they shut down winners, yet encourage problem gamblers on benefits to lose everything they have

You hit the nail right on the head there LeTiss.

I've tried many times, but it seems hard to generate interest. I mean some of the stories are incredible and put to shame some of the rubbish you see on TV. But people seem to paint us with the same brush at traditional gamblers.

Peter could you not go to a production company and offer to do the same as what Lex van Dam did in the UK series Million Dollar traders.

https://en.wikipedia.org/wiki/Million_Dollar_Traders (all 3 epeiosdes are avalible on you tube)

Am sure if you where putting the capital up so there was no risk to the production company there would definetly be enough would be sports traders out there who would want to give it a go. There sould certainly be enough intrest amoung the general public to watch considering some of the observational documentries they show and maybe it will sway more people from the outdated concept of using bookies to place bets.

Andy

[Archangel]

That program really did nothing to improve the image of the bookie. Particularly the casino type machines that are popping up everywhere, including online. I would love to know what way they are rigged up in terms of payout. also the young man with the serious gambling addiction who had no food after putting all his money into these things
The unfortunate part is that us traders would be seen by the general public as operating in the same sphere as these folk

[lord]

A typical poorly researched television programme aimed (correctly) at the widest possible audience. Its not meant for serious traders/punters but like many programmes is aimed so that everyone can understand it and be "shocked" "horrified" at a pastime that they do not participate in.

You could focus on any industry and find "issues" Just off the top of my head

Fishing Industry: Quotas, Health and Safety.
Utilities: Overcharging, Meter abuses, 2 tier charging.
Estate Agents, Do nothing for the money, gazumpuing
Fast food: Animal Welfare, Hygiene
Charitys: Earning interest off donations, swanky offices, chuggers.
etc, etc, etc

The programme makers brief is always to find an issue, receive column inches, create controversy. The truth takes a back seat.

The unfortunate part is that us traders would be seen by the general public as operating in the same sphere as these folk

You need to be concerned that you are concerned about the general public, why care?

[Archangel]

You need to be concerned that you are concerned about the general public, why care?[/quote]

I care because if there is specific legislation down the line to curb problem "gambling", that I , as a trader would suffer under this blanket approach.