Bet365 in High Court battle over customer who gambled...

"Customer claims he lost almost £300,000 over three years"

The gambling giant run by Britain’s wealthiest woman has denied allegations that a customer who made 162 bets on Christmas Eve was a compulsive gambler....

Denise has the most prized after gadge in the kingdom

left his/her christmas shopping late

anyone copy and paste it..?

Hulk has this many every day, 108 man abso seething this has been posted.

The customer, Vayuputra Anirudh Thotapalli, claims he lost nearly £300,000 between Feb 3, 2015 and Mar 10, 2016 after depositing more than £800,000 in his account.

That is actually quite controlled gambling. He wasn't chasing (if he had been, he would have done the whole 800 grand).

Aside from his Christmas Eve betting spree, he was able to place more than 30 bets per day on 33 different occasions.

Those of us who place 300 bets a day on 330 occasions during an average year might have some explaining to do if Denise loses this case.

Mr Thotapalli alleges that bet365 waited two months from the point he opened his account to inquire how he was funding his wagers – by which point he had lost £46,907.

How much was he expecting to lose before a bookmaker inquires whether there might be a problem? £4609? £460? Forty-six pence? Forty-six grand sounds about the right threshold to me.

Bet365 only shut down Mr Thotapalli’s account in February 2016, some 10 months later, after the company had pressed him for further bank statements.

Hang on. What's this?! Bookmakers were carrying out intrusive affordability checks way back in 2016, over seven years ago? Who knew?

Perhaps if they hadn't set the precedent for doing these checks, we wouldn't be in the mess we are now. Why didn't they just shut down the account anyway, and save everybody the problem?

The customer, Vayuputra Anirudh Thotapalli, claims he lost nearly £300,000

Ah. Silly me. There's the reason.

If only they'd treated chronic losers the same way they treat long-term winners (i.e., closed their account on the slightest suspicion, no correspondence entered into), none of this affordability checks b0ll0cks would ever have arisen.

odds on he received decent Diary

Good to see Capt__F back and on form.

only interested in mugs doing their dough. industry relies on it, funded by it.
kaleidoscope of chaos

Deposit £800,000 into a bookies account.

At 5% interest that is a 40k earner for sitting on his hands.

Makes you want to cry.

Think this guy was very unlucky if he had been lucky enough to be in profit after a week his account would have been closed down traders decision but they do love a mug

OP's Telegraph story can also be read on the non-paywalled MSN.
https://www.msn.com/en-us/travel/news/bet365-in-high-court-battle-over-customer-who-gambled-162-times-on-christmas-eve/ar-AA1ba9yT

Wonder what was his prior betting history to sticking 800k
in bat356?

Did they entice him or did he see an advert?

Lots of details missing from the story.

The link isn't pay walled for me

If only some of these kind of punters would have instead discovered the exchange betting - one or two would keep this place afloat for years!

Also makes me laugh that they ask someone who's deposited going on towards a million about where they have funds to gamble with - erm...in my account perhaps?

It's always my first thought when I read stories like this, stu: why aren't Betfair getting these people onto here, so I can take their pants down?

(Well, the answer is that they're getting them onto Paddy Power or onto the Betfair Sportsbook, of course; I can't blame them - it's what I would do; but it explains why this place will always be a bit of a ghetto now.)

Think this guy was very unlucky if he had been lucky enough to be in profit after a week his account would have been closed down traders decision but they do love a mug

first bet £12 at 9/4, goes off 13/8.  Account closed - traders decision (shrewdie).

£799,988 saved.

@stu but presumably the implied question is "where did you get the money?" given the number of cases we have seen of people (eg) embezzling their employers for gambling funds?

Yes longbridge, I suppose they mean more a fraud check rather than affordability, though it reads a little like an Affordability check in the wording.

Thought it was going to name stewB until seeing the amount gambled,£30 not in the same league though!!

12 bets of xmas

everyone knows the rules

if denise flew to new york she'd make what this guy lost in 13 months whilst watching the vicar of dibley and sipping her 1921 Pol Roger Vintage Brut ...

"Deposit £800,000 into a bookies account.

At 5% interest that is a 40k earner for sitting on his hands.

Makes you want to cry."     If you have a decent brain and most that have 800k probably do sitting on your @rse /on the beach etc  is not how they want to bore their life away making interset the way your grannie might do.

interest

Well, the answer is that they're getting them onto Paddy Power or onto the Betfair Sportsbook, of course; I can't blame them

That's true screaming of course, but you'd still think there'd be a trickle making it over to the exchanges too...like the trickle down economy myth though probably!

Presumably the £800K was recycled money. It can be quite misleading to add up the deposits over a period without noting the withdrawals. So he won over half a million in just over a year (unfortunately for him, he also lost £800K over the same period!)

Everyone gambles when they drive their car.We all think that its a safe bet that the car coming towards us will stay on the opposite
side of the road.And we place our life on a bet

Presumably the £800K was recycled money. It can be quite misleading to add up the deposits over a period without noting the withdrawals. So he won over half a million in just over a year (unfortunately for him, he also lost £800K over the same period!)

ditto rico thinks he's a million up.  someone gonna tell him ....

How much u donate to charity if he proves it hulk

How about ten 108s. Or even 20

freddie.  even rico doesn't get wound up anymore.  but you do !!!

pmsl at you

hulk green with envy

Hilarious

If he wins this case, the floodgates for compensation could open, it could be the new 'PPI'!

Did your bookmaker allow you to bet recklessly and lose plenty, through no fault of your own?

Then we want to hear from you! Bookmakers have set aside billions to make compensation payments to those who lost more than they could afford to.

Contact us today at SueYourBookie.com or ring freephone...

A fool and his money are easily parted is what my grannie used to say.

you must be skint then. granny

A spider will hideaway in his web for weeks and weeks  awaiting an innocent passer by.
Then it will pounce, injecting it's stinger and releasing all of it's venom.
Satisfied with his work, he will crawl back into it's hidey hole waiting for another unsuspecting victim to come along.
What a sad life it leads.

Come into my web said the Spider to the fly"come in,rest yourself and make yourself at home"