APPG report recommends UK ban on 'in-play' betting

[jamesedwards]

The APPG report today has out of the blue recommend the banning of all 'in-play' betting online. Report link here: http://www.grh-appg.com/wp-content/uplo ... 6-2020.pdf page 14.

[Archery1969]

Hi guys.

I've been earning a living from Bet Angel for the last 18 months or so solely from trading in and out of horses 'in-play' during the race.

I realise that it is sensible to widen my portfolio of trading skills to other methods, particularly given the APPG report today where out of the blue they have recommend the banning of all 'in-play' betting online. Report link here: http://www.grh-appg.com/wp-content/uplo ... 6-2020.pdf page 14.

For others trading full-time on Horse Racing, what alternative techniques are options for me to consider? I'm aware of scalping, trading steamers/drifters etc but not much else. Is there a list of popular techniques somewhere I can read up on?

That's going to piss allot of people off.

[jamesedwards]

That's going to piss allot of people off.

Hopefully it never happens.

[Derek27]

It's not a ban on in-play gambling that you need to worry about. It's a ban on staking more than £2 or a ban on gambling altogether, if they got their way!

Thanks for bringing it to our attention.

[jamesedwards]

It's not a ban on in-play gambling that you need to worry about. It's a ban on staking more than £2 or a ban on gambling altogether, if they got their way!

Thanks for bringing it to our attention.

They specifically call-out £2 limit for slot gaming. They don't even mention roulette let alone sports betting for such a limit.

[Crazyskier]

It's not a ban on in-play gambling that you need to worry about. It's a ban on staking more than £2 or a ban on gambling altogether, if they got their way!

Thanks for bringing it to our attention.

They specifically call-out £2 limit for slot gaming. They don't even mention roulette let alone sports betting for such a limit.

Indeed. This is to stop those many young feckless fools on benefits from going into the nearest bookies and spending their rent and food money for the week, in a matter of minutes on those infernal FOBT terminals that have caused so much strife and not a few suicides. I've heard them described as crack for gamblers. As someone who spent far more of his first few pay packets (in the days it was a brown envelope and a hand-written payslip) at the arcade opposite his office, that was healthy, I have some sympathy with reducing the maximum stakes on those things.

As for in-play I'd be very surprised and not a little disappointed to see any restrictions applied there.

CS

[Crazyskier]

It's not a ban on in-play gambling that you need to worry about. It's a ban on staking more than £2 or a ban on gambling altogether, if they got their way!

Thanks for bringing it to our attention.

They specifically call-out £2 limit for slot gaming. They don't even mention roulette let alone sports betting for such a limit.

Indeed. This is to stop those many young feckless fools on benefits from going into the nearest bookies and spending their rent and food money for the week, in a matter of minutes on those infernal FOBT terminals that have caused so much strife and not a few suicides. I've heard them described as crack for gamblers. As someone who spent far more of his first few pay packets (in the days it was a brown envelope and a hand-written payslip) at the arcade opposite his office, than was healthy, I have some sympathy with reducing the maximum stakes on those things.

As for in-play I'd be very surprised and not a little disappointed to see any restrictions applied there.

CS

[Derek27]

Can't see the difference between pre and in-play betting - it works the same. I wonder if that includes tennis and football?

Do those wallies know anything about trading? They're suggesting all gambling deposits are processed through a single third-party fund and limited to your disposable income. That would put an end to arbing!

[Kafkaesque]

Can't see the difference between pre and in-play betting - it works the same. I wonder if that includes tennis and football?

Do those wallies know anything about trading? They're suggesting all gambling deposits are processed through a single third-party fund and limited to your disposable income. That would put an end to arbing!

It does not; for football. It works the same for people, who know what they're doing, who stick to the main markets, and who know how to spot the bookie's overall payout structure, sure. For problem gamblers, not so much. Bookies run horrendous payout, especially on markets that target problem gamblers. I mean who the feck bets on which team gets the next throw-in, or which body part the next goal is scored with? Why are these markets available? Which is obviously a rhetorical question.

Hopefully, any legislation would focus on those in-play markets, which are 99% random chance, and on forcing the bookies to have the same overall payout on all markets (pre and in-play) as they do on, say match odds pre. Or at least within a reasonable range of it. That would be very welcome, and needed, imho.

[Kai]

I for one welcome our new GRH APPG overlords. Finally a proper solution for the constant outages, no more bets randomly going inplay!

[Trader Pat]

Indeed. This is to stop those many young feckless fools on benefits from going into the nearest bookies and spending their rent and food money for the week, in a matter of minutes on those infernal FOBT terminals that have caused so much strife and not a few suicides. I've heard them described as crack for gamblers. As someone who spent far more of his first few pay packets (in the days it was a brown envelope and a hand-written payslip) at the arcade opposite his office, that was healthy, I have some sympathy with reducing the maximum stakes on those things.
CS

For me they should be banned, they only exist to draw in vulnerable people. I don't think reducing maximum stakes goes far enough.

[Derek27]

Can't see the difference between pre and in-play betting - it works the same. I wonder if that includes tennis and football?

Do those wallies know anything about trading? They're suggesting all gambling deposits are processed through a single third-party fund and limited to your disposable income. That would put an end to arbing!

It does not; for football. It works the same for people, who know what they're doing, who stick to the main markets, and who know how to spot the bookie's overall payout structure, sure. For problem gamblers, not so much. Bookies run horrendous payout, especially on markets that target problem gamblers. I mean who the feck bets on which team gets the next throw-in, or which body part the next goal is scored with? Why are these markets available? Which is obviously a rhetorical question.

Hopefully, any legislation would focus on those in-play markets, which are 99% random chance, and on forcing the bookies to have the same overall payout on all markets (pre and in-play) as they do on, say match odds pre. Or at least within a reasonable range of it. That would be very welcome, and needed, imho.

Sorry, I meant the mechanics of placing a bet works the same, whether it's pre-start or in-play. From the document that jameegray1 posted, one of their recommendations is: Restricting in-play sports betting to venues or via the telephone, to bring it in line with regulation in Australia.

That sounds to me like all sports, bookies and exchanges. In fact, I understand from Aussies on this forum that Betfair can't accept in-play bets in Australia from Australian accounts. It looks like that's what they want over here!

[iDooze]

Can't see the difference between pre and in-play betting - it works the same. I wonder if that includes tennis and football?

Do those wallies know anything about trading? They're suggesting all gambling deposits are processed through a single third-party fund and limited to your disposable income. That would put an end to arbing!

It does not; for football. It works the same for people, who know what they're doing, who stick to the main markets, and who know how to spot the bookie's overall payout structure, sure. For problem gamblers, not so much. Bookies run horrendous payout, especially on markets that target problem gamblers. I mean who the feck bets on which team gets the next throw-in, or which body part the next goal is scored with? Why are these markets available? Which is obviously a rhetorical question.

Hopefully, any legislation would focus on those in-play markets, which are 99% random chance, and on forcing the bookies to have the same overall payout on all markets (pre and in-play) as they do on, say match odds pre. Or at least within a reasonable range of it. That would be very welcome, and needed, imho.

Sorry, I meant the mechanics of placing a bet works the same, whether it's pre-start or in-play. From the document that jameegray1 posted, one of their recommendations is: Restricting in-play sports betting to venues or via the telephone, to bring it in line with regulation in Australia.

That sounds to me like all sports, bookies and exchanges. In fact, I understand from Aussies on this forum that Betfair can't accept in-play bets in Australia from Australian accounts. It looks like that's what they want over here!

You're unable to place in-play bets in Australia for all sports other than the horse racing (they are allowed for Aussies). So in the UK - if they look to set a similar in-play ban, horse racing in-play markets may be exempt.

[Cards37]

Sorry, I meant the mechanics of placing a bet works the same, whether it's pre-start or in-play. From the document that jameegray1 posted, one of their recommendations is: Restricting in-play sports betting to venues or via the telephone, to bring it in line with regulation in Australia.

That sounds to me like all sports, bookies and exchanges. In fact, I understand from Aussies on this forum that Betfair can't accept in-play bets in Australia from Australian accounts. It looks like that's what they want over here!

That is indeed the situation here, except for horse racing which we can go in-play.

What frustrates me the most in regard to gambling regulation (in Australia) is that it is almost always the potentially profitable avenues they block. Online poker - illegal. In-play sport betting - illegal. But you can pour as much money as you like into pre-match betting with horrible overrounds, or even worse slot machines which are programmed to only pay 90%!

[Derek27]

Thanks for the info guys, and welcome back Cards37.

Any idea why horse racing's an exception?