Tingle Creek Sandown Betting Ring

I Have not read it yet Simon  but I guess it was carnage.
Had an awful  Paddy  Power  meeting  so first  day back lost  6/1 just thinking  I am beginning  to think this laying  game is impossible.
Have a nice evening.
Ronnie.

Utterly miserable day.

Well done to the team for sticking it out.

This thread a form of masochism imo...

Just watched the Simon Prout interview.....Very entertaining.

I agree with Prout...Bookmakers should do a credit check on customers rather than this affordability nonsense....Pass the credit check and you can bet how you like, with safeguards in place if you lose large amounts consistently.

These articles have really opened my eyes to how unbalanced the books can be. The old idea of balancing the book to win on almost anything are long gone when one bet can be 40% of a days turnover! I can only assume that there are plenty of winning days though unless Star Sports are a charity I well remember the days (1980s) when a bunch of local chancers could "buy" a pitch for an afternoon for £50 from a bookie who owned a good position but lacked the bottle to stand decent bets.

aberdonia, how can I as a complete stranger be given an affordability check by an on course bookmaker? Would I have to carry a bank statement and a letter from my bank manager? I don't think there are any circumstances when I would show any financial details to a total stranger.

It doesn't seem like aberdonia knows how credit reports work. tbf, nor does the GC

Now that credit 'score' is fiction obviously, nobody has a universal formal credit score. But it gives an indication of how much unsecured debt you can have, and still have an appealing credit record. So, would aberdonia think a a bookie should take my bets, or not, based on my CC balances, utilisation and available credit ?

I have about 10 "financial products" in which I have funds and the one with the lowest balance is my current account. It pays no interest so I keep just enough in there to cover an unexpected bill. Even if I was willing to disclose what is in there, it would give no clue to my "affordability" The whole thing is crazy. My stock market dealings are 100 times bigger than my betting turnover. No checks at all. My Credit card balance is the only debt I have in the world and that gets paid on time each month.

That's true, and credit 'checks' don't look at income or assets at all. They really bear no relation to one's ability to bet free from financial damage.

That total card balance on my account is all 'invested' in cash products earning between 6 and 10% interest, with no risk. The lenders don't know that, the credit ref agency don't know that, and certainly bet 365 do not ;)

They do if they read this and know the name on your account Cider

haha yep! I am actually at the wind down phase, the total balance was a lot higher than that a few months ago. The fees are a bit high at the moment and potentially interest rates falling in short to medium term. Well that was the case until Rachel from accounts took over.

my credit score is top class....thats all i care about..... how it works, i do not care....if it allows me to bet unlimited its good enough for me..

oh, and as Prout said, we are subject to credit checks on lots of things, from phone contracts, broadband etc...if they know my business, i really have no issue with a pen pusher at betfair etc also knowing..

It surfaces useful information to potential creditors to assess risk. It provides absolutely no useful information around whether you can 'afford' your deposit or not.

Plenty of people will have exemplary credit files and be pretty poor. Plenty of rich people miss payments as they're lazy, disorganised, or don't care and have poor credit files.

John Dance would have had a better credit score than me a couple of years ago, thats how much good they are .

re potential creditors, at my age ive little to worry about..