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what Pablo said - Racing looks like much easier money than Football or Tennis, albeit it is in slow decline across the industry.
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Bookmakers don't want to kill the exchange. It's the best tissue they've ever had.
I think we've established that what rico says is correct. For the moment the trigger for affordability checks is making multiple deposits (it'll be a week tomorrow since I deposited that £4,000, and I still haven't heard anything; but that was my first deposit for years - if you're going to deposit, do it once and do it big). |
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no. i was responding to the statement notfair want rid of the exchange. i didnt explain it very well. those other sports have plenty of liquidity and make good money for them and are far easier to manage than racing which resists automation and has to be constantly monitored.
but if you are a wagon you have a much better chance with racing but almost none with poofball, cricket etc partly because of the delay and partly because theres no margin. cricket was possible but isnt now with the tech available. |
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Racing is easier money than tennis?? That's a new one on me.
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All im saying even small multiple deposits could trugger the checks
Ive had it in 365 where betting £3 a pop all evening has been met with a are you in control of your gambling rubbish messages So they even hit small stakers ffs |
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Surely losing betfair customers should be entitled to compensation for none affordability checks for last 22 years just like the banks had to for miss selling their products.
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ooh, I like that idea Move
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I was behind a bloke waiting to pay for my petrol ... he asked for 20 scratch cards and 10 lucky dips for Saturdays lottery ..paid on a card (not sure if it was a credit card). What about affordability checks for the likes of him ?
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ItsMeSwaddle 20 Jul 22 17:23
I have found the liquidity/botting/x matcher on here absolutely pathetic/brutal over the past 6 month. dusty sez walofs. |
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I reckon the very fact this all hangs over so many cant be any benefit for the exchange as a whole.
People afraid to get stuck in incase its the last bet they make. Its pitiful and bf really need to get ontop of it rather than allowing the hand wringers shape the debate. |
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Actually, that is quite a clever tack, and might be a way of trying to force the gambling companies to relent on affordability checks. By forcing us to undergo these checks now, the firms are effectively admitting that they previously haven't done enough to protect us from and advise us of the risks...
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That post was referring to Move's idea.
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@HonkyJoe20
"Racing is easier money than tennis?? That's a new one on me." Easier for BF to make money on by offering Exchange markets I meant. Relative few races per day compared with the number of Tennis matches, and lots of that Tennis trading no more than a few thousand pounds on the main markets. |
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Only the beginning
recommending further steps Limit people's Salt,sugar,processed,meat,alcohol Saving lives |
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AS this issue isn't law,and no white paper yet,why haven't firms challenged the Gambling Commission,and warned them that they can't be fined over something that isn't a rule of law,then hopefully they won't be encroaching on punter's privacy by asking too many personal questions.Companies have gone about this issue in a stupid way,and it isn't clever upsetting normal punters.
They should be doing their homework and find out how the 0.2% of pun ters with a problem gamble,and on what. |
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The firms are quite capable of defending themselves when forced to. The fact that they're apparently being so proactive in enforcing the rules that aren't yet rules - and won't be until next year, at the earliest - makes you think the firms have an ulterior motive here.
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I think they went heavy handed hoping to show the gov etc that they were on this and therefore extreme measures would not be implemented. Gone on for a bit and they can't stop now. May well just have bit off the hand that feeds em by the time they're done.
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they know exactly what they're doing don't worry about that.
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the bigger problem is when Europe introduce their new tax on financial transactions outside EUROPE,THE UK will get caught when Brexit is sorted.And paddy/betfair will be collecting it for europe from the uk gamblers.it will finish gambling once and for all.
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And there was me thinking all gamblers were born optimists..
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They cant change laws they can only add legislation which isnt binding and can be ignored
A court will throw it out thus So some form of legislation that can be ignored, doesnt need to be ignored for another 18 months, is being acted upon and enforced Get the idiots that are dishing this out and get them gone is my advice |
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And to top it all off we have laws in place that protects us against such acts of legislation
![]() You literally couldnt make it up ffs |
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If I was to craft an algorithm, it would probably look at deposit pattern/frequency as the number one variable. Common sense would agree if common sense was an algorithm
Although, a change in the level of deposit (on a losing account) would also be right up there. Anyway, algorithms are for maths classes. Whilst I fundamentally would like to see a reduction in problem gambling and wrecked lives, the world has going mad in terms of taking away individual responsibility |
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The Wild West of gambling in the UK has come to an end. [b] Fact [b]. I'm not happy that the algorithms are dealing with me, but we are where we are now.
The Gamling commission is throwing its weight around because they know they have acted reprehensibly. Many betting companies over the years have simply hoovered up casino and slot addicts' money without any remorse. The betting giants must act now as a company that regulates itself. The fact is that they have already made their billions in profits, so they don't care now. They want to show the government they are on to this. It shows them in a good light. |
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A question I have for someone with technical expertise. Can algorithms be worked around? if we know what's coded into them? Like six six mentioned in my previous post..I know algorithms on Google are always changing. For example, adverts etc
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There is something wrong with the liquidity at Ascot. This is the days main meeting (and it's Ascot ffs). These books should have an overround of less than 102% by now (09:38). For instance, in the last race it's 107.1%. Is this the way it's going with these affordability checks!
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Is this the way it's going with these affordability checks! Big players are going
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If people who are on £40k plus a year can only bet tenners then the sharks aren't going to play other sharks and expect to win
This place is a dead duck and the apathy from bf is a head-scratcher |
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Rewind to the beginning of the exchanges and consider what the traditional books thought of them? Now consider who owns Betfair.
They have seen a route to finish off the exchange and are pursuing it. If the white paper proves to be more lenient, Paddy's will carry on their relentless pursuit of exchange customers and the more severe way they are currently and proclaim that they don't think the white paper went far enough and they are simply being more responsible. No-one will know just how many slots players are being targeted along with exchange players as there doesn't seem to be an obligation for them to reveal such information. IMO |
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Sadly you might be right Duffy.
But it still doesn't explain why some of the more traditional bookies (eg, Unibet) also seem to be implementing the rules with relish. |
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P Power and L ads bought Betfair and the Purple to nurturethem, not to kill them. Never before have bookmakers had such accurate prices available to them. And the best thing of all is that we actually pay THEM to provide their tissue, via commission.
Why else do you think that every bookmaker's prices fall into line behind the prices on here? Why else would they be so desperate to get rid of arbers unless they knew that the prices on here are more accurate than theirs? |
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Then why aren't they defending them more?
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Perhaps they're desperately trying to show they can self-regulate before the report comes out. That's the most logical explanation at this moment in time
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Exactly that Big Cat as I have already mentioned. They will have shot themselves in the foot big time by then.
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If they were making small moves in the direction of the rumoured regulation, and a few token people here and there got caught - and particularly if those people were relatively green and were clearly trying to go through a lot of money - then that would make sense. But they seem to be going much further than that.
Several of the posters here have been caught up in the new regs, and I know the same is true on other gambling forums. And the sort of people being targeted are active punters, people who have been regularly chucking in a few thousand here and there for years. There's no need to take out those types, and once you do, it won't be long until you're reduced to a few newbies taking on a few bots. If what has been rumoured to be in the White Paper becomes law, then those sorts of limits will result in the destruction of regulated betting in this country. Presently there's a strong hope that the laws that are eventually passed - unlikely to be before late Spring/Summer of next year - will be very much watered down from what's being proposed. However, what does that matter if, in the meantime, the firms and the GC have chosen to impose regulations almost as destructive towards the betting community as the rumoured White Paper? |
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will be very much watered down from what's being proposed.
It still doesn't mean that Paddy's have to adhere to that though, they'll just need to do at least what's mapped out if they want to go further then they can and if they have an ulterior motive then it will all become clear in due course. Ask yourselves this, why would they currently be content to alienate and lose customers if they were going to be happy to follow the white paper if it's watered down, what are they going to do, contact all the people they'd put the block on and say...it's ok you lot, you can all come back now. As for missing out on the tissue from the exchanges, small potatoes, a world where the traditional bookmaker is once again king is what they are after. |
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All very strange.
Why jump now instead of wait to be pushed? |