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Woman in bank criticised my gambling
Woman in bank criticised my gambling
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Replies: 288
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when you think about it those odds offered by the odds compilers, specially on horse racing, represent the accumulated wisdom of lots and lots of people with very sound knowledge and lots of contacts etc... so they could be useful!
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yes IK - I don't even mind if, in the final analysis, they were right and I was wrong(that it is a mugs game), but what offends the SHYT out of me is that they are just parroting what they have heard - they've no actual experience either way to make an informed judgement.
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the bottom line, not just in regard of gambling, but in regard of EVERYTHING, is that you have to try it for yourself to be qualified to give an opinion on it.
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exactly, they are ignorant and can't understand so they ridicule you to make themselves feel better about the fact that they are ignorant
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who are they people you speak of Munter?
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Iceking/Judorick : thats an interesting question. Who makes the markets? in the beginnning, it's just the opinion of one (fallible) man , and everything flows from there. We had a 50/1 winner at Southwell today - but it was only that price 'cos some fella in an office somewhere decided it wasn't 'a real contender' and so assigned it a 'rag' price. And we all fell into line with that assumption.
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(the people I speak of are the non-gamblers : they will all tell you, to a man (or woman), that gambling is a mugs game. And yet they have'nt tried it : they know not whereof they speak.And they have no idea that they don't know either.
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BF, is it the market standard for pricing?????
It is the most open shop for compiling odds, so I would argue yes it is. Its certainly the most competitive in a truly liquid market, hundreds of 1000 of opinions on a champions league market for instance |
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I dont think it is, Ice King. A large number of those people betting will not have analysed the price and decided whether to take the odds or not. They will just know who they want to win, login and take whatever odds are on offer that match their winning player/team.
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the majority S+A
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ok here's an example
Champions league final last year. Starting price for barca was 2.06ish on here. Betfred offered a whopping 6/5 for only about two hours in its shops. A massive value bet. barca was backed the entire first half on here holding their price for much for the first half. At half time they were certainly not much higher than 2.16. 45mins of football played and they had hardly drifted over fred's offer of 2.2. I almost layed them at half time because of that. So who is right the open market of BF or Fred's the only bookie who offered above evens. Bear in mind most footie games where there is no change in the game for 45mins would have the price drift. Also there was 70 to 80 million pounds on the match odds by the end of the game. I can well imagine no single bookie took that amount of money on that game. |
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Locating the difference between what punters are prepared to bet on using Betfair and those the bookies offer and odds that a scenario should be at, is the easiest way to make money. In that example, it sounds like just an error from a bookie and that most of the bookies would have been in line with Betfair.
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exactly my point, price is everything
I hammered into that 2.2 because of that variance and most bookies were in line as you said bookies often oppose each other on horses as well creating a price variance. got to go as i have an early start nice to have a discussion with a reasonable individual on here |
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My bank, Barclays, decided it was appropriate to call me today to say that I should not be using my bank account for payments to Betfair. This is because it went into its overdraft last week because of interest charges, not because of gambling, although payments to Betfair went out on top of that a day after, and they deem it against their rules to use overdraft funds for gambling. They said that they will close my account if it continues to be used for this. The second time I have been criticised by them now. I am fuming with them. It is my money that goes into this account - even in an overdraft it would not be illegal. I don't go and spend it on booze or cigarettes like a lot of people. Tempted to storm down to the bank tomorrow and have an argument with them. What do you think?
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Ask them what their traders do every day and is there a difference...or do they provide corporate banking for the likes of Bill Hill or Laddies.
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You should have kicked her in her fanny.
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What do you think?
Think you're going to need a bigger boat. |
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Mrbojangles, when I speak to the bank manager tomorrow I shall say that very thing to him, and when he says it is different I will show him evidence of the tens of thousands I won from gambling two years ago - although it didnt go into his bank.
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Incidentally, I was told in my call to them this time, that it is not illegal and not against the terms and conditions of my account.
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If your making a succesful living from gambling then why do you need to keep depositing into Betfair and why are you now in your overdraft ?
Not having a pop,just asking the question. |
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In a word, YES, I hope the well thought out letter is making its way to the nosey cows superior
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I use my gambling profits to pay the bills generally, so I am always more or less on my overdraft limit - at least, since I quit my job two years ago, which is when I was much richer
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But surely they are not moaning at you because to many withdrawels are coming in from Betfair ? It must be because your making to many deposits ?
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no, its because the account went over its limit because of interest payments and then a payment went to Betfair, made before that, but on the statement after it, which pushed it further over its limit for a week.
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and so they have obviously scanned through the statements and seen lots of payments to/from Betfair and decided they dont like gambling so I will be reprimanded for it
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www.gamcare.org.uk
You're not making gambling profits if you are depositing. From http://www.treasury.tas.gov.au/domino/dtf/dtf.nsf/LookupFiles/ORB02.PDF/$file/ORB02.PDF PROBLEM GAMBLING – THE WARNING SIGNS Beliefs and thoughts It’s not as much fun as before You spend more time gambling, and think about it more often You believe you will win even when you don’t win You feel depressed, angry or guilty after gambling Behaviours Borrowing money or going into debt to gamble Neglecting work, family or friends Gambling to escape from obligations or life’s daily pressures Lying to cover up gambling Chasing losses or lying about how much you win Watch your gambling Some people can lose sight of the fact that gambling is entertainment. They may begin to look at it as a way of making money Some people may believe they have special powers or abilities, or are luckier than others When money is lost, people may ‘chase their losses’ and bet more to try to win the money back ... my emphasis. |
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first of all you can withdraw £200 and then lose the remaining £50 in your account, and then put £10, £20, £30 in etc. and still be in profit, but have more deposits than withdrawals from your bank, which is generally how I gamble - I build up funds, when I withdraw any it is a large amount and then when I deposit money it is a series of minor amounts until it starts to build again.
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'Some people can lose sight of the fact that gambling
is entertainment. They may begin to look at it as a way of making money' Who uses gambling for entertainment? Anyone who goes to gamaware would disregard the organisation after seeing something like that. Everyone who gambles does it because they want to win money. |
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Ever thought of looking at it from the Bank's point of view?.....bloke who says hes a gambler goes overdrawn..FFS !..
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That wasn't quoted from gamcare, it was a quote from the Australian and Tasmanian equivalent (ODDS R).
And I think most punters gamble for fun, the fact you can't even accept that is a concern but (and no offence) I don't actually care too much about a stranger on the internet, so I'm not going to mention it again. Good luck, I hope you resolve things. (Either through quitting gambling or sorting your bank problems.) |
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I don't agree, ror. I think most people gamble to make a profit, not for fun. Maybe the ones who punt on the National every year and thats all, do it for fun, but most people, particularly on Betfair, want to make money.
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So, TheBaron, thats what an overdraft is there for. They charge fees for it, so why would they then complain about what pushed it into its overdraft? They are making a judgment which they have no right to make, about the morality of gambling, when effectively, as someone said earlier, that is what they do with their customers' money every day.
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95% of people on betfair don't make a profit. And you think that most people here are here to make money?
Yes, everyone does it to try to win money, but they don't see it as a way to make money*, they accept that they will eventually lose (and may lose quickly). *A subtle difference, people gamble for fun, and if they make a ton then great, but otherwise it's no loss. Most people won't gamble with any money they can't afford to lose. |
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Yes, that probably correct. But their intention is not to have fun, it is to make money, or to enjoy winning. No-one would put money on something if they thought they were going to lose, and then say 'oh well, at least it was fun losing'. I think youre talking about minor punters, not gamblers, or traders.
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An overdraft is a loan. If someone came to my bank to take out a loan then I might turn down their loan request if they said they were going to deposit it on betfair.
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And what if they said it was to buy some alcohol, for a holiday, for a pack of cigarettes?
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It's fun to have a chance at winning. If I have 2 quid on chelsea tonight* then it makes listening to the match more exciting. Hopefully sometimes I'll win too which means I can gamble a bit more in future, increasing my fun.
A bet coming good makes me feel good but it's in anticipation of the future bets more than the fact I've won 8 quid. *I wouldn't, they're terrible value until torres gets subbed off. |
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I cannot be having you Srich..You claim that you are a successful punter and yet you go into the red !! Of course Barclays have the right to chastise you.I at the moment have a large amount in my current account (not Barclays) in case I have a losing run.
Oh and I am no fan of the Black Horse either as I have a large sum in an account earning feck all interest but am too lazy to travel 10 miles to the Bank to get a better deal.They even phone me up regularly and still I stay away !! |
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A good analogy would be if you used your debit card in pubs over a reasonable period of time, and she was to give judgement as to spending too much money on alcohol, in other words what effing business is it of hers how you spend your money. Like many have said before the banks seem to forget they gambled the economic future of this country and came pretty close to bankrupting it. f***ing hypocrites.
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Try asking for a loan. Occupation? Professional Gambler.....oh yes sir that'll do nicely....you are getting your knickers in a twist about a very obvious reaction..here's a thought... have more than one Bank account and stop being so precious.
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