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I'm not certain that punters will end up betting illegally.
How many people would trust the so called black market to place bets? Maybe we're underestimating the number of punters that will cave in and disclose their financial situations to enable them to carry on punting in the fashion they have become accustomed to. It's only a small percentage of punters that have a gambling problem in the first place. If they can't get a bet online or in a shop they will find another way of liberating themselves of their cash/ or find another addiction. Punters who have no 'stop' button are betting to feed their addiction not to enjoy having a recreational bet. You wont cure gambling addiction by introducing these daft thresholds but it does give the bookies an opportunity to weed out successful punters. The whole thing stinks of trousering from all sides. The anti-gambling bodies are getting large amounts of money to line their pockets without producing any tangible results. |
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leif
I doubt there will be many punters doing fiver or tenner yankees with these guys but loads of guys sitting in pubs will have a nifty on the fav if there have reached their limit with the bookmaker next door. |
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The fact that major bookmakers have been relatively quiet on this raises a red flag to me. I can only assume they think this is good for them. Lots of small staking punters in high margin products like bet builders. Loss of competition as smaller bookmakers exit mkt. what would hurt them is advertising bans. But as long as they dont happen they have a green flag to just get more and more people into the products, and get them playing on things they will never win on. The days when bookmakers had 4-5% margin will be more like 15% imo in a few years. And they will massively scale these smaller players. Basically the Ryanair model
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Why would advertising bans hurt? They're just parasiting one another's customers, like cigarette firms used to do. They're only advertising because all the others do.
If there were a blanket advertising ban, the losers would be the smaller bookies and new entrants imo - the big firms would be left with no other competition to divide up the pie without bleeding millions on advertising. |
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"I'm not certain that punters will end up betting illegally.
How many people would trust the so called black market to place bets?" |
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Well if the tax was 10% as well it wouldn't take many smallish bets to test 'em out. You know you can't win at 10% so nothing to lose. Why didn't people doo it in the old days ? No computer in their pocket.
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