Labour signals possibility of stakes limits on horseracing bets

Careful now, SF will be along in 2 minutes taking notes for "forum wrongthink".

Ludicrous!! Probably a loser and looking for "Self Exclusion"!

So what's to stop people putting on several bets, of whatever the limit would be?

He also talked about limiting the number of bets that can be made over a period of time .
I brought this up in my "another reason not to want a corbyn government" thread but was told I was just blinkered and anti Labour..

By the time Labour take all your money in tax you won't have any left to gamble anyway.

If by chance we back a winner...bookies already do that, totally unnecessary

What we need is a "peoples gambling company", that might fly with Corbyn and Co?

"Proletariatbet". It could have informative messages to cheer you up when on a losing streak.

"Ach Kфmrade, your bэt has lost, but fear not, at least the capitalist bourgeois pigs will not gain from your misery"

Then a couple bars of a stirring anthem and a video of the great leader staring into the distance in front of a flapping red flag.

its called national lottery and scratchcards, innit!!!

You forgot to mention that they wouldn't accept the bet unless you wrote the slip in Venezualan.

I'd have to do some pretty serious debugging if my own Corbyn joke bot ever missed out the Venezuela line.

mouse

Not many synagogues in Venezuela I presume, maybe Corbyn will move there when Labour totally implode, sounds ideal for him.

Yes, and he'll be importing 50 containers of baked beans to feed the poor on the strict instructions that they are only to eat them cold.

He's having 50,000 T-shirts printed with the slogan "SINNER GOG".

Beans? Do you really think a high fibre diet is advisable in a place notorious for toilet paper shortages?

If Labour achieve their goal of preventing any one losing gambling

How do they think the bookies will make a living???????

People have to take some responsibility for themselves....nobody has to gamble, it is their own choice.

I seem to remember it was New Labour which encouraged gambling

by removing off course betting tax

They wanted people to bet on anything and everything?????????????????????

If the rate at which bets could be made was capped to an unreasonable value (say a bet ever 2 minutes or something) then it would wipe out the market making bots, and in play betting in one stroke. I totally understand why the mighr want to stop an addict putting 20,000 into an online roulette game, but I have ZERO faith in any intelligence or understanding from Corbyn Labour as to how sports or exchange betting works. I doubt they'd care anyway. It's implict in left wing politicians to believe they know best and the state should be controlling people...

Mar 1, 2019 -- 1:44PM, UBLE/REGY wrote:

I seem to remember it was New Labour which encouraged gamblingby removing off course betting taxThey wanted people to bet on anything and everything?????????????????????

And now the tories have started to reverse this.

I want to be able to bet on anything. The other day for example I bet I could hold on after my fibre heavy dinner until I got home to use my own toilet.

When you lose these bets you do learn though, and suddenly nobody sits beside you on the train, so it's not all bad.

There was actually a speech very early on in the reign of Jezza in which he commended gamblers for their decision making abilities. Buggered if I can find it though.

just checking

Totally bonkers this lot. Must be a joke.

It was past the point of needing to rid ourselves of this "democracy" a looooooooooooooong time ago

Its now probably to late because the majority are simply going to accept anything posed to them out of sheer apathy

No enough people care anymore, I've long since given up hope of the majority ever wanting to sort this mess out

And I don't just mean this silly gambling side of the dictatorship arm either, its everything, they want control over absolutely everyone and everything

I mean they are targeting people's livelihoods in every area of life not just the gambling side

"when they came for the".... springs to mind

So, pretty much what I said on yesterday's thread on the same subject
Labour would introduce stake limits on online gambling products "if the evidence demands it," Watson said in a speech introducing the party's new policy on the issue. While limits were spoken of more in the context of those which will apply to FOBTs from April 1 and how that might translate to online equivalents, they could be applied to horseracing and sports betting should that be deemed appropriate.

The "number of bets over a period of time", very much relates to the work that was done and the lobbying of MPs (all parties) in relation to how FOBTs work.

It took 12 hours for JC's first mention of Corbyn. Still (at the risk of being 'aggressive') you did get a "Venezuela" and a "synagogue" with his name all in one sentence.

The "removal of betting tax" was not to get people to bet on everything, Ebul. It was to replace the very unfair tax on turnover and had been lobbied for by bookmakers, for many years. It wasn't removed at all, just shifted to bookmaker's profit at 15% - instead of 6.75% of turnover which the tax on bets was supposed to cover.

There were several gambling acts passed. The 1960 one allowed betting shops. in 1991 TV's were allowed in them and in 1995 they were made more open, the worst move imo was the 2005 act which created the Gambling commission. So as far as blaming Labour for yet more of our issues. They were only in power for the last of these and that was down to Blair's government.
The whole story, tax and rules for gambling and betting are not remotely party political.

But, as always, you'd never know it from looking at this forum.

Mar 1, 2019 -- 11:09AM, Just Checking wrote:

He also talked about limiting the number of bets that can be made over a period of time .I brought this up in my "another reason not to want a corbyn government" thread but was told I was just blinkered and anti Labour..

Oh and btw.

A thread entitled "another reason not to vote for Corbyn" which starts "as if you need one" DOES look a little bit anti-Labour.
And this subject (the Tom Watson one about gambling) was apparently what the thread was about. rather than a "subject 'brought up' within an unrelated thread.

stuff like this: It's implict in left wing politicians to believe they know best and the state should be controlling people...

And YOU accuse ME of being aggressive (ignoring my request to show me where and how) in response.

You're running with a story which you seem to me to be misinterpreting and have turned it into "I want to be able to bet on anything".
  and LOADS of completely unnecessary mentions of Corbyn and other unrelated stuff.
You do this a lot, pretty much every day, and don't like any opposing or dissenting opinion.

We all know this will never happen and to even suggest such a thing shows a massive lack of knowledge of all that is gambling related and even worse no understanding/experience of the difference between 'betting' and 'gambling'.

Was talking about Tom Watson the brainchild of such a clueless suggestion.

That's Tom "Soundbyte" Watson.

Quite right Denzil, it almost certainly (again, as I said yesterday) a promise to attempt to regulate online casinos, mostly in the light and experience learned from FOBTs. The suggestion that it will affect ALL bets is gradually growing in 2 threads and some poor journalism.

Can you imagine the big punting owners/trainers who've bought a horse for 50K,trained it for 3 years @ 20K+ finally gets into a race it can win Max stake £50.

20k+ per year obv.

do bookies still take £50 bets?

Not to us but to those in the game etc. sky's the minimum

Yes, if 2 pts lower than the exchainge.