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It seems the BHA are looking at ways of getting MORE levy from players on exchanges, do they not realise that this will only result in bf players just switching to sports where they do not pay levy.
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How much did Saville obtain from the Press for printing the runners & riders ?
exactly and the OFT blunder, they need someone like Barry Hearn in charge, getting impartial advice from bookmakers is not good for the sport
Joke of an article from the racing post - more bookmaker propganda given a prominent slot on their website.
http://www.racingpost.com/news/horse-racing/ralph-topping-william-hill-hills-boss-calls-for-new-government-to-support-industry/714848/top/
pythia will be seething
http://www.racingpost.com/news/horse-racing/ralph-topping-william-hill-hills-boss-calls-for-new-government-to-support-industry/714848/top/
pythia will be seething
Bookmakers made £1BILLION directly from betting on horseracing in 2009.
Meanwhile, prize money levels are low, wages are poor, and one of the bigwigs at the racing post (Brough Scott) advocates shooting horses that are no longer 'useful'.
Meanwhile, prize money levels are low, wages are poor, and one of the bigwigs at the racing post (Brough Scott) advocates shooting horses that are no longer 'useful'.
Heynoodles, I am becoming more and more convinced that the firm featured in the piece you linked are now directly or indirectly shareholders in the Racing Post...
Ive seen you put that a few times millhouse - coming more and more around to your way of thinking.
noodles
To me, it gave a fair reflection of the legal position of exchange customers. But the conclusion was baffling - if 'the legal reality is straightforward' - then ALL customers will (rightly) claim to be an individual gambler and not a business
How could it be proven otherwise -
I think you may have a point re the article favouring the bookies as if they 'tax' the exchange proportionately then that could have a devastating affect on all of us.
To me, it gave a fair reflection of the legal position of exchange customers. But the conclusion was baffling - if 'the legal reality is straightforward' - then ALL customers will (rightly) claim to be an individual gambler and not a business
How could it be proven otherwise -
I think you may have a point re the article favouring the bookies as if they 'tax' the exchange proportionately then that could have a devastating affect on all of us.
Hello birch, ive only just bought the paper - agree that that article is perfectly reasoned. It's the online virtual press release from h1lls that's disappointing.
interesting article from a legal expert yesterday in the post, it seems reading between the lines,that the reason for the current tax break for those running a business on here (not covered by the gambling acts 'providing the facilities for gambling') that labour decided not to tax those acting regularly on here because on the contra side they could envisage city boys offsetting their profits with their losses. hence traditional bookmakers are left trying to compete with users on here - their prices are reflected from the course market. bottom line is, online betfair players have ultra low cost and tax base
A very salient point is that these "untaxed" layers running a business on here do not as far as I know have FOBT's sat outside their houses causing social harm
remember it's us taxpayers who pick up the tab when the bookmakers attack society with FOBT's. Basically we pick up the tab for the kids.
remember it's us taxpayers who pick up the tab when the bookmakers attack society with FOBT's. Basically we pick up the tab for the kids.
hey guyfawkes, but the casino games on here aint a social problem, interesting.
http://en.wikipedia.org/wiki/Fixed_odds_betting_terminal
A fixed odds betting terminal (FOBT) is an electromechanical device normally found in betting shops in the United Kingdom that allows players to bet on the outcome of various games and events with fixed odds. They were introduced to UK shops in 2001.[1]
The most commonly played game is roulette. The minimum bet per spin used to be £1, but is now only a quarter of that, 25p. The maximum bet is £100. The largest single payout cannot exceed £500.[2] Token coins can be of value as low as five pence in some UK licensed betting offices (LBOs).[citation needed]
Other games include bingo, simulated horseracing and greyhound racing, and a range of slot machine games.
Like all casino games, the "house" (i.e. the casino) has a built-in advantage, with current margins on roulette games being theoretically between 2.5% and 5%.
Common wisdom is that each one of these society wreckers can net an LBO a minimum of £1K profit per week.
A fixed odds betting terminal (FOBT) is an electromechanical device normally found in betting shops in the United Kingdom that allows players to bet on the outcome of various games and events with fixed odds. They were introduced to UK shops in 2001.[1]
The most commonly played game is roulette. The minimum bet per spin used to be £1, but is now only a quarter of that, 25p. The maximum bet is £100. The largest single payout cannot exceed £500.[2] Token coins can be of value as low as five pence in some UK licensed betting offices (LBOs).[citation needed]
Other games include bingo, simulated horseracing and greyhound racing, and a range of slot machine games.
Like all casino games, the "house" (i.e. the casino) has a built-in advantage, with current margins on roulette games being theoretically between 2.5% and 5%.
Common wisdom is that each one of these society wreckers can net an LBO a minimum of £1K profit per week.
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