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Good article from well known racing journalist re ladcrooks not having paid out winning double from april2024 300k approx surprised this welching was not publicised over the last year if a small bookmaker does not pay a bet trade paper will publish. Man that remains unpaid should have objected to license renewal of the office he placed the bet in and make them explain the refusal to pay to a district court judge
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my understanding is that unlike in the good old days when it was a gentlemans agreement and all you could do was glue the locks gambling debts are now enforceable by law.
Gambling debts are now enforceable by law, with the obvious caveat that this applies to legal gambling - so if you're gambling underage or with a non-licensed bookie or whatever, then the courts won't help you get your money.
Isn't this case in the Republic of Ireland though - different legal considerations?
Not defending Ladcrooks for a moment.
Not defending Ladcrooks for a moment.
Surely this can't be true of a bookmaker that is licensed and regulated in the UK? 
The Racing Post (Bill Barber etc) will be too busy drafting their next article about the evils of the so-called Black Market - no time to bother with reporting any of the shenanigans that the so-called licensed and regulated UK bookmakers are getting up to.
Lets be honest about the so-called Black Market - Sure, they're not licensed and regulated in the UK, but it mostly consists of trustworthy and reputable Asian bookmakers that payout without a fuss. Sure, they're also not contributing anything to the Levy. But if all your accounts with UK licensed and regulated bookmakers have been closed or restricted - how do you place a bet that will contribute to the Levy if nobody that is licensed and regulated in the UK will take a bet???
Nobody (at the Racing Post) had any issues with the so-called Black Market when Bookmakers were driving customers that they didn't want towards it. Now suddenly a few customers that they do want (mugs that play slots and roulette) are getting driven there by Affordability checks - and it's worthy of a raft of Racing Post articles.
The Racing Post (Bill Barber etc) will be too busy drafting their next article about the evils of the so-called Black Market - no time to bother with reporting any of the shenanigans that the so-called licensed and regulated UK bookmakers are getting up to.
Lets be honest about the so-called Black Market - Sure, they're not licensed and regulated in the UK, but it mostly consists of trustworthy and reputable Asian bookmakers that payout without a fuss. Sure, they're also not contributing anything to the Levy. But if all your accounts with UK licensed and regulated bookmakers have been closed or restricted - how do you place a bet that will contribute to the Levy if nobody that is licensed and regulated in the UK will take a bet???
Nobody (at the Racing Post) had any issues with the so-called Black Market when Bookmakers were driving customers that they didn't want towards it. Now suddenly a few customers that they do want (mugs that play slots and roulette) are getting driven there by Affordability checks - and it's worthy of a raft of Racing Post articles.
TM - what makes it possible for these reputable Asian bookies to take business from those closed or restricted by UK bookies?
- they could just be better at pricing selections so they're not stung by shrewdies?
- I suppose they could just be so decent that they take bets from shrewdies even though they're losing money because they're gentlemen?
- without the overheads of compliance and taxation and Levy they can make a small profit from customers that are small losers to UK bookies?
or something else entirely?
(I get the point on affordability checks - if people want to avoid those for whatever reason then their business may well be profitable to the bookie whether UK or Asian).
- they could just be better at pricing selections so they're not stung by shrewdies?
- I suppose they could just be so decent that they take bets from shrewdies even though they're losing money because they're gentlemen?
- without the overheads of compliance and taxation and Levy they can make a small profit from customers that are small losers to UK bookies?
or something else entirely?
(I get the point on affordability checks - if people want to avoid those for whatever reason then their business may well be profitable to the bookie whether UK or Asian).
longbridge16 Apr 25 10:52Joined: 25 Nov 10 | Topic/replies: 4,801 | Blogger: longbridge's blog
TM - what makes it possible for these reputable Asian bookies to take business from those closed or restricted by UK bookies?
I believe it's because they are actually Bookmakers!
TM - what makes it possible for these reputable Asian bookies to take business from those closed or restricted by UK bookies?
I believe it's because they are actually Bookmakers!
Issue here is nothing to do with getting side tracked by other issues ladcroiks in rep of Ireland took a 30 ew bet from a punter and when the mug looking bet turned out to not be a mug bet they just simply refused to pay him this has to be highlighted this has nothing to do with black market or any other repetitive rubbish ladcrooks have refused to honour a winning bet
TM well said
longbridge - I'd be pretty confident that the black market books do have lower overheads which will help. I don't use them (use here, shops, the one usable account I still have ) so don't know if their pricing is sharper (and/or has a higher overround) but what I am sure of is that UK bookmakers have, over time, become lazy and complacent in their pricing. That behaviour has to an extent been driven by their ability to exclude anyone who shows the slightest ability. If you can continuously curate your customer base to limit to losers and those who can be cross sold casino products etc why would you bother about being good (and paying for) at odds compiling?
longbridge - I'd be pretty confident that the black market books do have lower overheads which will help. I don't use them (use here, shops, the one usable account I still have ) so don't know if their pricing is sharper (and/or has a higher overround) but what I am sure of is that UK bookmakers have, over time, become lazy and complacent in their pricing. That behaviour has to an extent been driven by their ability to exclude anyone who shows the slightest ability. If you can continuously curate your customer base to limit to losers and those who can be cross sold casino products etc why would you bother about being good (and paying for) at odds compiling?
Take them to Court if you think you have a strong case as you will achieve FA bleating on the forum
fivetosix16 Apr 25 11:03Joined: 26 Nov 02 | Topic/replies: 93 | Blogger: fivetosix's blog
Issue here is nothing to do with getting side tracked by other issues ladcroiks in rep of Ireland took a 30 ew bet from a punter and when the mug looking bet turned out to not be a mug bet they just simply refused to pay him this has to be highlighted this has nothing to do with black market or any other repetitive rubbish ladcrooks have refused to honour a winning bet
The point I was making is that they are "Licensed and Regulated" in the UK. The Racing Post, the racing industry, the Govt, The Gambling Commission and the bookmakers themselves - would all have you believe that this means something! - and that it's good for you as a customer that they are licensed and regualted - In reality it means very little! - especially to the customer.
They are licensed and regulated - but they can still pretty much do whatever they like and who are you going to go to in order to get your issue resolved???????
Issue here is nothing to do with getting side tracked by other issues ladcroiks in rep of Ireland took a 30 ew bet from a punter and when the mug looking bet turned out to not be a mug bet they just simply refused to pay him this has to be highlighted this has nothing to do with black market or any other repetitive rubbish ladcrooks have refused to honour a winning bet
The point I was making is that they are "Licensed and Regulated" in the UK. The Racing Post, the racing industry, the Govt, The Gambling Commission and the bookmakers themselves - would all have you believe that this means something! - and that it's good for you as a customer that they are licensed and regualted - In reality it means very little! - especially to the customer.
They are licensed and regulated - but they can still pretty much do whatever they like and who are you going to go to in order to get your issue resolved???????
If you think that's a "side issue" (that UK bookmaker can pretty much do whatever they like without the customer having any recourse) - then I'm not sure why you bothered to start the thread.
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