Stupid Questions

[Istabraq]

Paddy Power
Betfair Sportsbook
Bet365

The acc didn’t last long but Sport Nation offered cashout last year on ante post singles, I don’t think they did it for multis though…

[HoldenTheReins]

The bookies max payout, is that per bet or total amount regardless of the amount of bets?

Example being if you have 2 bets that equal 250k is which the max payout and they both win, do you only get 1 250k or both at 250k?

[Istabraq]

The bookies max payout, is that per bet or total amount regardless of the amount of bets?

Example being if you have 2 bets that equal 250k is which the max payout and they both win, do you only get 1 250k or both at 250k?

Max payout per bet.
So if you’re having a speculative yankee then always best to either spread across several bookies or have separate yankees, L15s, trebles etc.
It’s definitely something people should look into, some bookies are 1m/2m some are as low as 25k…

[Istabraq]

The bookies max payout, is that per bet or total amount regardless of the amount of bets?

Example being if you have 2 bets that equal 250k is which the max payout and they both win, do you only get 1 250k or both at 250k?

https://www.fatjockey.com/forum/fat-jockey-horse-racing-forum/cheltenham-festival-2021/305482-fj-monthly-forum-yankees-year-4

See bottom of post #1

[Saxon Warrior]

The bookies max payout, is that per bet or total amount regardless of the amount of bets?

Example being if you have 2 bets that equal 250k is which the max payout and they both win, do you only get 1 250k or both at 250k?

I believe its per day, each day has a maximum payout.

WHill rules (as an example)

a. The maximum winnings categories listed below apply to bets placed on the Internet, in our Telephone Betting department and in our LBOs. The maximum winnings categories in the UK and the Channel Islands are in Sterling and in the Isle of Man they are in Pounds. A bet is accepted on the basis that it is the investment of one customer only and the following are the maximum amounts that can be won (excluding stake) by a customer in one day's betting regardless of stake and apply even if bets have been placed through more than one betting channel (i.e. internet, telephone betting or LBOs).

b. Where bets have been placed on different days, the maximum amount that can be won in one day's betting is determined by the day on which the final race/event on each bet is resolved, rather than the day on which each individual bet is placed

[Saxon Warrior]

If I know I'm breaking a maximum payout limit, I'd bet with 2 bookies to increase the payout.

The last leg of any multi is the most vital.
That's the day the Max Payout limit applies.

So if you're a big multi bet punter, then you could consider whether the last leg of your payouts with each firm doesn't all come on one day (Gold Cup Day for example).

[Istabraq]

If I know I'm breaking a maximum payout limit, I'd bet with 2 bookies to increase the payout.

The last leg of any multi is the most vital.
That's the day the Max Payout limit applies.

So if you're a big multi bet punter, then you could consider whether the last leg of your payouts with each firm doesn't all come on one day (Gold Cup Day for example).

I wasn’t aware of that and am surprised that’s the rule, as you say so many multis settle on Gold Cup day.
Do you know if this is standard across the industry or just a Hills thing ?
Imagine needing the Gold Cup winner to convert a hat full of multis and discovering you’ll only get a fraction of what they should pay…

[twig78]

This isn't really a question more of a rant.
Yesterday's free fiver went on Pyledriver (after timing I know). I'd managed to get my 365 account down to 0 beforehand. (There's never much in it this time of year). So if I do my ante post bets this month with the 125 quid, will that count to me totting up 125 quids worth of losing bets in the eyers of the governments expected new affordability checks?
You see where I'm going here.

[Black Dog]

You could share it out between 4 or 5 bookies or even go into the high street shops. Well done on Pyledriver by the way.

[BigChaang]

This isn't really a question more of a rant.
Yesterday's free fiver went on Pyledriver (after timing I know). I'd managed to get my 365 account down to 0 beforehand. (There's never much in it this time of year). So if I do my ante post bets this month with the 125 quid, will that count to me totting up 125 quids worth of losing bets in the eyers of the governments expected new affordability checks?
You see where I'm going here.

I was thinking about something similar earlier this week twig.
With the returns from the " Free Competitions " .
I think that Technically , once you have achieved that free win , then that money is your's.
So if you rebet it then , Surely that then becomes a bet made with your own money.
In which case then yes it must count towards that Limit . ??? . that's my take anyhow.
------------------------------------
I said last week , i did a tot up , and although i'm not far off , i'm still under the limit.
But i need to keep an eye and start putting some bets on in shop to keep it that way.

[Glasgow Ronnie]

I have had a look to see if there's a conversation on affordability checks and couldn't see it so apologies if there's one.
for some reason I thought the white paper was suggesting any deposit over ?125 in a month the bookmaker would do a soft check and if its more than ?2000 over three months they need payslips, bank statements and savings information, I think it's referred to Net Deposit.
I logged into my William Hill account this morning to check my monthly deposits and found account lifetime net deposit in brackets withdrawals minus deposits. So my question is actually withdrawals and not losses? Sorry for the stupid question

[Istabraq]

This isn't really a question more of a rant.
Yesterday's free fiver went on Pyledriver (after timing I know). I'd managed to get my 365 account down to 0 beforehand. (There's never much in it this time of year). So if I do my ante post bets this month with the 125 quid, will that count to me totting up 125 quids worth of losing bets in the eyers of the governments expected new affordability checks?
You see where I'm going here.

No, because your account will show a profit of 125 quid so even if you laid out the entire 125 on Cheltenham bets your P&L will be zero.
The affordability checks are on net deposits/losses, if you win the only issue you face is having your account restricted which is probably inevitable anyway.

ps I wouldn’t be expecting too many more free bets if I were you…

[Saxon Warrior]

I have had a look to see if there's a conversation on affordability checks and couldn't see it so apologies if there's one.
for some reason I thought the white paper was suggesting any deposit over ?125 in a month the bookmaker would do a soft check and if its more than ?2000 over three months they need payslips, bank statements and savings information, I think it's referred to Net Deposit.
I logged into my William Hill account this morning to check my monthly deposits and found account lifetime net deposit in brackets withdrawals minus deposits. So my question is actually withdrawals and not losses? Sorry for the stupid question

We haven’t seen the white paper yet, to know for sure.

My understanding was

* you could lose up to gbp125 per month, net, or lose gbp500 per annum, net, with no checks.

* If you lose gbp500 per annum or more,and lost gbp125 per month or more, then “soft checks” without your knowing of them could be done (CCJ search, for example)

* If you lose over gbp2,000 per Quarter, then some affordability checks could be done.

The latter point is explained as this

More detailed checks on a customer’s finances would reportedly be required in cases where a player loses gbp1,000 in a 24-hour period or gbp2,000 within 90 days (or gbp500 in losses in 24 hours for the new accounts in their first month). The intention is that these checks would also be “largely frictionless for customers”, initially being conducted online via credit reference agencies and open banking.

[Glasgow Ronnie]

We haven’t seen the white paper yet, to know for sure.

My understanding was

* you could lose up to gbp125 per month, net, or lose gbp500 per annum, net, with no checks.

* If you lose gbp500 per annum or more,and lost gbp125 per month or more, then “soft checks” without your knowing of them could be done (CCJ search, for example)

* If you lose over gbp2,000 per Quarter, then some affordability checks could be done.

The latter point is explained as this

More detailed checks on a customer’s finances would reportedly be required in cases where a player loses gbp1,000 in a 24-hour period or gbp2,000 within 90 days (or gbp500 in losses in 24 hours for the new accounts in their first month). The intention is that these checks would also be “largely frictionless for customers”, initially being conducted online via credit reference agencies and open banking.

Thanks for this very much appreciated

[BarrowNH01]

Thought this would be the place to ask. How do i set a profile picture on here? Think im just being an idiot and cant seem to find it.