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Forum like a Morgue.
Forum like a Morgue.
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Having thought about it it still doesn’t make sense.
They differentiate between ‘spend budget’ and ‘deposit limit’ as two distinct things with the lesser of the two taken. All of what has been explained above could be accountable by just a deposit limit per month. So what is the spend budget for if not to say you can’t lose more than that figure irrespective of what’s in the account? |
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Current Balance £201.14
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I’m not sure what the difference is to be honest. Perhaps deposit limit limits the amounts of times you can deposit, regardless of what you have withdrawn. And spend budget means that your withdrawals get added back in, for that month only.
If you keep a high balance and rarely withdraw, then you’re never going to get hit by it. Spend budgets tend to Hager put on people who let their accounts run to zero and then top up. Once you do that, and you get hit with £100 monthly spend budget. Then you are never going to be able to lose more than £100 in a month. Unless you are losing from winnings that you haven’t withdrawn. |
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* dont know why the word Hager appeared in there! Don’t even know what that word means!
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Spend Budgets are no reason for anyone to walk away from betfair, they encourage more responsible bank management and less boom/bust type trading/gambling. I had a bad week on cricket that is why I got my spend budget imposed.
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If you are winning regularly, ie in running or trading, then after a few months they shouldn’t really be a problem.
If you bet with a lot of variance, then they are going to be a total pain. The £100 monthly limit for some will be the equivalent of having their account closed. |
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My concern is that this bf method doesn’t hold with the projected WP/GC proposals in the sense deposit limits could cater for all examples given (you don’t need an extra monthly budget to simply extend the amount you can deposit by adding withdrawal to the net amount)
What I worry about is that ‘spend budget’ either is or soon will mean loss limit. |
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But what counts as turnover? I lay off more than half of my win bets at lower odds to leave a green page but how is that accounted for? Is my original stake cancelled by the lay or not? So many things that the legislators don't begin to understand.
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67 replies and knott wun wun word ansa.
clowns al owa. |
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themfinnish!
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you not ask for one word answer!
we've got your number. |
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Rico-Dangleflaps 06 Sep 23 17:24
1,rip 2,skinto 3,paralysed 4,banned 5.loosing 1 number answers please. |
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Gaze733 07 Sep 23 16:61
im 3. |
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I've got someone in mind , is it possible to be all 5 ?
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6 - half the time can't post reply - tech issues, I iamgine or .... I dunno - and everyone is slowly giving up
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big mart was 4/5
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A bad day cardinal? What it money won u lost. What is multiple deposits?
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On cricket
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Who else on spend budgets?
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And as usual people refuse to believe that many just don't bother with this daily flat dross. Can't be that of course.
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MJK..wonce you're a gambler you're innit for life..
#FACT |
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Difference between a gambler and horse backer though. Plenty of other things to bet on these days and more enjoyable.
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FOMO
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Dusty: while everyone has the chance they need to build a bank and hold money aside in the account on future bets which you can’t accidentally lose
My worry about doing that is that it counts as exposure. The Betfair algorithm will look at that and say, "Hang on, he's put nearly all his bank on one bet." If you do have a bad day, it will look at that and say you're chasing, and the Spend Limit klaxon will go off. I agree that the real answer is something like the old Aus wallet, where you could just leave a large account balance resting and not be vulnerable to a blunder. |
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Are there any more Forums or Message Boards worth visiting?
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Fatpunt, yes, but you will need to have proven your worth on here, be nominated and then pass the vetting process by existing members.
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Dogging forum worth a visit.
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Fatpunt, put a shout out for stewyb.
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Three meetings but no one interested other than some talk about Amazon drivers.
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6.paralytic (stewyb)
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Did stewyb get spend budgeted
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went to swisterland for euthanasia.
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he ended up in Thailand, miss stew booked it thought he wanted youth in asia.
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holed up with gazza glitta
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swiftynifty 11 Sep 23 16:28
he ended up in Thailand, miss stew booked it thought he wanted youth in asia. Thailand! A lot of uk men who couldn’t get covered in a red light house turn to the Thai catalogue,one or two bookies have them on course… |