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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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Im realistic enough to know that it is enough to keep me going without having to work, and that it has the potential to make a big profit at any time during the year, which going to work and spending money on booze on a Friday night, spending the weekend hungover and going to work again the next week would not do.
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why does she care what going in and out of your bank account? what does she gain from critising you? people like this are really annoying
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because she sees the word Betfair on the statement, thinks that I am going to run up a huge debt, despite never having done so in nine years on this site, and makes a moral judgement.
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They seriously dont have any idea whats going on . Trading on betfair is a tough job . Takes time to figure out how best to execute your plans anyway . If you can make it happen , great work and carry on . I don't see why a bank should give you that kind of stick . I'll probably stuck some money up their **** or change to smaller denomination money and bury them with it . FFS , the banks needs to wake up their idea .
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She has probably seen other punters in severe trouble and was maybe trying to warn you to be careful, in a way she was looking out for you but she has indeed over stepped the mark.
By the way do you play on soccer horses or what? |
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she wasnt warning me about gambling, she was telling me that it was against bank rules, which, it isnt. She was not friendly, quite rude in fact, and even when I tried to explain how it was statistical trading not gambling, she wouldnt let me get a word in.
Yes, I bet on most sports - but I have systems on tennis and football. |
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I note with interest that my entirely constructive list of suggestions has disappeared from this thread.
I wonder if it was the nationality or the shirtlessness that caught the eye of the gestapo. |
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I'm off to bed to watch a re-run of Fantasy Island !!
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Sorry I will clarify. I think this is what Srich was saying that avi nailed.
Still, he made few comments about gambling, fees from credit cards and **** like that. Bloke really looked decent and it was rather something what he was supposed to say then he wanted to, nevertheless I was shocked. I've got more savings then most of blokes at my work, never had any loan, debt or any **** like it. I've got savings, decent income, but because of BETFAIR I suddenly became a ****ing disgrace. Later, had similar story with other cashier (woman). It is not right, as nobody is making any comments about my friends indecent behaviour, drinking and bankruptcies. Crazy world. |
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If I go out on a Friday night, buy some pints with my mates, then go on to a club, does the bank call me and say 'how often do you do this, I dont think it is wise to drink like that, you could become an alcoholic, you must stop or we will cancel your card', I would be offended, just as I am offended that they criticise people for gambling.
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If you were offended by it, just keep calm, ask to speak to the manager and then suggest to him that in light of the way a member of his staff talked to you, you are considering closing your account with them. Say that you expect him to tell his staff to keep their opinions to themselves and that you would like an apology.
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of course there's a difference from a bank's point of view. how many people have you heard of that have managed to spend £100ks on beer in a few months?
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gamblers havent either, sugarfoot, unless they were rich to start with - no bank would lend them that amount otherwise.
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They dont care about your wellbeing its just your ability to repay debts. If you are living within an line of credit such as an overdraft and the account shows dozens and dozens of gambling transactions then of course the account will be flagged up.
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You have no regular income (no job), your account has lots of gambling transactions, you are in a out of an overdraft. The lender would be mad not to speak to you about this.
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they are not a lender, though, at the moment.
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s or a? seems to be suffering from greece syndrome. the belief that other people have an obligation to lend him money but that he retains the right to be offended if they express an opinion on what he should and shouldn't do with it.
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as above
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Did they criticise you though?
Saying it's against their rules is different. Saying that gambling with debt can be a problem isn't criticising you directly, it's a warning and also is a true statement. Why not just clear your overdraft with your savings and save the money you spend on fees and interest? You'll also find your bank would then not give two hoots about your gambling habit. The hard truth I suspect is that you're not a winning gambler, I would guess you're a guy who got lucky a few times and you've got into your head that "gambling is easy" and "you're good enough to be pro" and that "you're bound to win soon". This is part of why bookmakers always win. If people lose all their money then the bookies have them. If people win money they get into their head that they can repeat that more often and eventually lose it all back. |
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She's a woman - all women are wary of gamblers ,they don't really understand odds and stuff
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there is nothing to clear, now, it was a temporary problem caused by an account fee
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"at the moment" isn't the point. tell them you're happy to give up your overdraft facility and you will have a point.
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maybe, coachbuster, because the man I spoke to after that call agreed that she was wrong.
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If you're overdrawn then they ARE lending you money.
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gamblers havent either, sugarfoot, unless they were rich to start with - no bank would lend them that amount otherwise.
--------------------------- suggest you google "stole to fund gambling" or similar. there are plenty of hits |
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She had a point,she was out of order saying so in the bank but get over it and move on. You know if it works for you so stop letting it fester within you cos it only puts your judgement off skew.
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Also I know of stories of plenty of gamblers who've managed to rack up 40-60k debt through gambling. Every case is sad and a tragedy but it's far from uncommon.
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yeah treetop, I know what youre saying, although Im talking about a phone call now, not that previous incident.
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They could manage that only if they are working though ror. Even if I wanted to, I would not be able to do that via the bank.
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Maybe, or if they have a house to mortgage, or an inheritance to blow, etc.
Either way, the bank was right to raise a flag. If you were confident of your position you should have just confidently dismissed it. But it's annoyed you, and got under your skin. Deal with it. But maybe it's annoying you because you don't really have a good riposte. Is your 3 month P&L above 1k profit? Is it above £1k loss? "Professional gamblers" can have lean weeks, they can even have lean months but if you're having a lean quarter then give up and get a real job. |
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Funny that this thread came up today...
I was asked by my bank to "seek alternative banking arrangements" after having a similar discussion, i.e. after being asked about transactions to and from Betfair (and not huge ones, either, just a few hundred here and there). No, I don't have nor have I asked for an overdraft, or a loan, or anything of the sort - so the bank is not a lender to me. I think it's absolutely disgraceful. Since when are the banks - THE BANKS!!! - our moral arbiters? Who died and nominated them to that position? Are they refusing "banking facilities" to arms traffickers? Drug barons? Madams who make their living out of prostitution - or to put it another way, owners of "escort agencies"? I bet they don't, if there is enough cash sloshing about in their account.  |
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Is it a different bank?
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Just get an account without an overdraft and you'll be spared all the "outrageous moralisation".
Or does a successful gambler need to borrow from the bank? |
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Lloyds.
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Ror, do try to read the full post and take time to absorb it.
I specifically said within it that I DO NOT have an overdraft facility, a loan or a credit card, nor have I ever asked for one, therefore the bank is not a lender to me. Clear enough? *(I hate sanctimonious people)* |
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Was it unsolicited or part of a sit down checkup? They do this to everyone, they basically are desperate to lend to people but flags on your account means they can't sell your product. (They won't lend to someone regularly depositing to betfair.)
They want commission therefore they want you to stop gambling so they can lend to you. In a similar meeting an advisor suggested to me that I 'get a pay rise' so I'd be in range of buying a house. It's not meant to be offensive it's just selling. Sorry I misread the (non-double) negative in your post and thought you did have an OD facility blackat. |
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And I'm not sanctimonious, I have no problem with gambling, I just don't have a problem with what the bank said to the OP. I don't think I'm alone in that.
I also found myself concerned with some of the views that SofA held (such as "no one gambles for fun") which flagged in my mind that he might be getting himself in trouble. He then decided to go on the defensive (while at the same time dodging any of the questions asked of him) which led us here... |
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I answered angrily to you, Ror, and I apologise for that.
It was totally unsolicited. Basically, I tried to transfer some money - which I did have - to Betfair. That transfer was blocked. I called the bank to ask what was happening, I was transferred to the security division. After I assured them I initiated the transfer, it was unblocked. So far, so good. The next day, I found my debit card blocked. When I called to ask them why, I was subjected to this interrogation about my transfers to and from Betfair and Moneybookers. I was then asked to make alternative banking arrangements and given 60 days to do so. |
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Surely it is simple for the bank to add the sum total of deposits against the sum total of withdrawls to determine if S&A has a problem rather than generalising that all gamblers/traders have a problem. Banks don't complain about the fees they collect on his account so what business is it of theirs as to what he does with his money. If they don't like it then close his account rather than spouting moral judgements. As stated earlier banks are gamblers/traders themselves.
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"Surely it is simple for the bank to add the sum total of deposits against the sum total of withdrawls to determine if S&A has a problem"
Sleepless: They may have done just that, we only have his word that he's profitable and he admitted himself that his big win was 2 years ago. They may just be doing it over a rolling 2 year or 18 month period or with a moving average filter applied. As an example, if I saw someone win 100k 2 years ago and lose 80k in 2 years since, I'd think they had a problem even though they were still 20k in profit, and I'd be wary of lending to them. |