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Gambling losses could be capped at £100 a month to combat addiction
Gambling losses could be capped at £100 a month to combat addiction
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Replies: 231
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the private layers will be in clover.
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anyway it will not trouble anyone on this forum as we never lose
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What a fantastic plan to create a bookmaking black market, none of whom contribute any profits to the tax man or contribute anything to the levy. In practical terms the only way to make it work would be to create a central bookmaking monopoly (Tote?) with each punter credit-checked and assessed for affordability. Insane.
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Yes, illegal casinos/books will actually be using this as a marketing ploy.
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A better plan to avoid poverty might be to limit the millions of drug addicts in this Country to buying £100 worth of illegal drugs from the scum that push them.
The amount of money lost to bookmakers etc is a drop in the ocean compared to all the money that people spend who have been hooked on drugs. |
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I just wish tptb would meddle in my life just a little bit more
After all they are a super-race and have all the answers. |
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@protecting the vulnerable'..Of course that is desirable BUT only where the vulnerable really cannot help themselves.
The vast, vast majority of people with gambling, drink, or any addiction problems could stop with the will power. You do not spoil life for vast swathes of people to protect the weak-willed and the feckless. Yet, the UK heads further and further down that path. Protecting the vulnerable must, absolutely must, be about protecting those who really cannot help themselves. Not those who choose to do stupid things knowing the consequences. Quite how the fluffy liberals got such a grip of the UK I do not know. But I do know, only someone as mad to the left as Corbyn was would ever actually TRY to impose a £100 limit on gambling losses for everyone. How would the stock market ever work, hedge funds, futures markets etc etc. Absolutely the most stupid thing I have EVER seen emerge from those in Westminster. Such is their naivety, all of them who came up with it are not fit to be making ANY decisions, let alone important stuff like this. If it did happen, I'd be away to Ireland forthwith. |
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Good post
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it is a good post except that the companys who operate in the markets he mentioned got bailed after doing something stupid knowing the consequences
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How would that even work. You bet €100 on a odds on fav and he loses, now you can't bet in the next race because your account gets a timeout for the rest of the month?
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What happens if you win £5k in january, £2k in march, but lose a ton on march 1st?
are you unable to bet for a month? |
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£2k in february*
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Strangely Guy Fawkes Night is meant to celebrate the Houses of Parliament being saved from destruction when it should be the exact opposite.
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Something like this already exists but I dont know whether its for websites outside the UK
Ive watched a streamer on twitch who plays on the 5hitty daft thicko slots and he has several accounts with different providers Several require him to file his salary details apparently to determine how much he can bet. |
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oh and some only ask for KYC once he won and wanted to withdraw
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In this lunatic asylum , I presume you could not put on £150 of bets on day 1, say in accumulators , because it would mean you lost more than a ton if you did not get 50 quid back.
Also in this East German ruled madness , how do they stop you putting bets on with lots of on course bookies .....presuming Boris and his gutless scientists ever let any one back on course. |
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The rebirth of the ante post market imo
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Prohibition next..
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Yeah, restrict betting to €100 a month but you can buy a million worth of cigarettes and alcohol? It's a slippery slope.
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Also the actual sports industry would get killed. Many teams are sponsored by bookies.
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Look forward to the wild tales of excess from some footballer who blew £1,200 in a year on the gee gees .....should be a best seller.
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is it April the 1st ? Absolutely no chance of being implemented.
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Don't say you weren't warned. From a thread on here three years ago, where you were all demanding bans and restrictions on FOBTs:
screaming from beneaththewaves24 Mar 17 16:30 This is the problem. Once the anti-gambling community gets one sniff of victory on FOBTs, they'll turn their attention to traditional betting. They'll use exactly the same arguments against betting on racing as we on here are using against betting on FOBTs - vulnerable citizens in poor areas being exploited by cynical betting shop owners; hard-working family men losing their wages through no fault of their own, etc. |
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personally i'd have no sympathy for the bookies. they'd be ruined if this was implemented. but i agree with the posters saying they'd have to control other habits too
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Will you have sympathy for the Betfair exchange, which will be ruined even more?
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Is that from each bookmaker, averaged over several months, applied to billionaires as well? So many questions as usual when something like this is mooted. I lose £100 in some months and less in others but my DAILY value change on the stock market can be £2000 so does that count? Utter nonsense.
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Boils down to plebs can't be trusted with their own money.
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the exchange has been dying for a long time now with flutter concentrating on their non gubbed bettors and casino players. look at any champions league matches tonight and apart from the match odds most markets have huge gaps in them. it's already a shadow of its former self.
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£6 million already matched on a women's T20 going on in Sharjah.
£450 million matched on the uS election. Hard to see those figures surviving any level of loss restrictions. |
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the plebs will find other ways to blow their money - most of them have other addictions anyways and they'll move onto those
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guys you can give your response to this, I'm going to start a separate thread
https://consult.gamblingcommission.gov.uk/author/remote-customer-interaction-consultation-and-call/consultation/intro/ |
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My impression is that these loss caps etc are for online games akin to fobts rather than sports betting per se.
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where do you get that impression from?
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You can only win $100 as well........
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That will never happen. Would cause a Revolution.
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No it wouldn't. It would cause the public to queue up to be appointed Betting Marshals. Eight hours a day outside Laddies in a hi-viz vest, naming and shaming the punters endangering themselves.
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I always think that the OP sounds like a lovely, sophisticated, warm, cheerful person.
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