UK Gambling Review - Future of Betting

[Holstein0108]

Hi Guys

I just wanted to get peoples thoughts on the upcoming gambling review and the possibility of affordability checks being introduced.

Not so much on whether people agree with this (I think mostly everyone on here thinks its absolutely ridiculous) but more peoples thoughts on whether this actually will be implemented and how it will effect the gambling industry as a whole. I've seen some articles that say possible restrictions could be a mandatory £100 a month loss limit unless you pass the check which surely will eradicate a lot of the dumb money in the market which will in effect hurt the bottom line.

Also what sort of timeframe do you think we are looking at before this gets implemented? Will any law changes be introduced immediately when this review has been done or is there normally a later date given? This is creating a sense of urgency in my betting/trading which if I'm honest isn't necessarily a good thing.

[Naffman]

The BHA's request to have the Levy looked into early by the Govt. has just recently been rejected so given they care more about bookies than racing then I don't see why they would reduce people's stakes.

[Euler]

I've seen some articles that say possible restrictions could be a mandatory £100 a month loss limit unless you pass the check

Pretty sure that was a lobby group that suggested that, rather than it being an open discussion. It's a bit like a green lobby suggesting all transport should be banned immediately to halt climate change. It's a sort of positioning statement, an opening gambit.

That's how I read it.

I went through parliament in for the 2005 gambling act. So I guess I may run through the same again here! It was an 'interesting' process.

[marko236]

Simply idea why don't they get customers to set a limit on losses per month then they have to deposit ten times that amount for 30 days and get it refunded, example someone sets limit at £100 per month they have to deposit £1100, anyone on a low income with a gambling problem probs wont be able to pay the high deposit.

Dont know how this would work in betting shops but it would work online.

[Euler]

If you look at what the FCA did on spread betting it was interesting. Forcing the companies to quote the actual number of losing accounts. They also tightened up margin requirements.

Loss limits are already in place on exchanges, I guess the biggest issue is adherence in traditional betting systems.

[Derek27]

Simply idea why don't they get customers to set a limit on losses per month then they have to deposit ten times that amount for 30 days and get it refunded, example someone sets limit at £100 per month they have to deposit £1100, anyone on a low income with a gambling problem probs wont be able to pay the high deposit.

Dont know how this would work in betting shops but it would work online.

I was claiming jobseekers allowance when I started trading with £50. I didn't have £550!

[marko236]

Simply idea why don't they get customers to set a limit on losses per month then they have to deposit ten times that amount for 30 days and get it refunded, example someone sets limit at £100 per month they have to deposit £1100, anyone on a low income with a gambling problem probs wont be able to pay the high deposit.

Dont know how this would work in betting shops but it would work online.

I was claiming jobseekers allowance when I started trading with £50. I didn't have £550!

Thats a loss limit of £4.50, got to start somewhere

[Derek27]

Simply idea why don't they get customers to set a limit on losses per month then they have to deposit ten times that amount for 30 days and get it refunded, example someone sets limit at £100 per month they have to deposit £1100, anyone on a low income with a gambling problem probs wont be able to pay the high deposit.

Dont know how this would work in betting shops but it would work online.

I was claiming jobseekers allowance when I started trading with £50. I didn't have £550!

Thats a loss limit of £4.50, got to start somewhere

Does that mean if I lay a horse at 11 I'm limited to 45 pence? If not and I lose a fiver does my account get suspended for six months so I've got time to learn to stay within my limits?

[marko236]

No Derick just for 30 days, by the way that looks like one well looked after cat you have, i'm begining to wonder if the cats around where i stay are wild!

[Derek27]

No Derick just for 30 days, by the way that looks like one well looked after cat you have, i'm begining to wonder if the cats around where i stay are wild!

Only 30 days without trading, that's alright then.

I was thinking of replacing the picture with one after she's had her flea treatment.