13 year old gambles away £80K on his Dad's card.

KYC ?   How has he passed that ?

And HTF are people not noticing thousands going from their Bank Account ?

Bit dubious to me.

Gambling with a credit card should be banned.

I think I'll try that one though, "honest Guv it was my son".

Old man Does Brains  ?? Blames son in Vain attempt to Recoup Losses ??

Must have been backing the same horses as me this past month.

lol case, our posts crossed

Me too Mac, it just doesn't sound right to me at all either.

"He was staking as much as £3,000 at a time and placing hundreds of bets a week."

Mmmm, itchy chin time methinks.

@ case and mac, my thoughts exactly!

The dad must be pig thick firstly for not doing his Company's bank reconciliations and secondly for not changing his card after the little runt was caught the first time. Fools and money are easily parted.
Having said all that the bookmakers should be hit with a huge fine for allowing it to go on as I can't believe they weren't informed after the first £20k loss was discovered.

First thing that crossed my mind slippy. The three Aces.

"I can't believe they weren't informed after the first £20k loss was discovered."

Yes, an excellent point Posy If he done it with the same Companies ????

Can't be right. I could actually pick winners when I was 13.

You aint Wrong SS

I got my first age 11 at Newmarket.

When I was 13 I was doing the running for my Dad and his mates putting on rather large bets, no 'Think 21'policy back in 1980!

You were all late starters, I was made to learn the odds and calculate returns from the age of 6 by my "parents", didn't have to use them very often though...!

"He was staking as much as £3,000 at a time and placing hundreds of bets a week."

How the fcuck did he get on?

Double standards you can lose as much as you can no limit,but if you start winning you get limited how can that be right.

presumably punting 5/1 chances when they were available to get rid off here at 8.4

... just the £3,000 sir ??

load of b0llocks

years ago deposited 500 quid into here from a credit card twice in one afternoon on a sunday,within 2 mins of the second deposit the phone rang and it was the credit card company asking me to verify my details and the transactions.No way in the world could you deposit that sort of money without getting a call from the credit card company because they prob know they aint gonna get it back.

Bookies obv an exception

Jun 3, 2018 -- 7:55PM, hulk23 wrote:

presumably punting 5/1 chances when they were available to get rid off here at 8.4... just the £3,000 sir ??

Indeed hulk23, Ladbrokes refused me a bet earlier this year and said I could have £50 on at S.P. £3K my ar$e.

Never had a bookie ask for KYC docs before requesting a withdrawal.

was the kid young mart?

Very dubious.

Teacher: "where is your homework?"
Student: "the dog ate it, sir!"

Think i'll max-out my credit card backing England to win the World Cup.
If they don't happen to win I shall blame it on my cat...

I had a bob each way double on the winners of the Derby and the Oaks in 1959 (aged 9)

The great 'petite etoile' ;had to look up the Derby winner though !

Again how would the dad not know on the monthly credit card bill.

Cannot be between payents as who has an £80k limit.

Spent 6 hours a day researching bets.

Translation- Spent 6 hours a day on the forum annoying everyone.

Didn’t I read a while back that some banks were banning crypto currency purchases on credit cards because people were maxing out their credit cards and they were worried they would be stuck with the debts.

Would be nice if they were more proactive in other areas of gambling imo.

Spent 6 hours a day researching bets.

The lad has a bright future imo. the passion is there just needs a bit of advice on money management and staking,how else did we learn? If you haven't bet your last and more and walked home from the races you've still got a bit lo learn.