Not good news then Ista. We'll all have to start using the high street bookies again by the sounds of it and settle for their stinking prices.
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Originally posted by Lobos View PostNot good news then Ista. We'll all have to start using the high street bookies again by the sounds of it and settle for their stinking prices.
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Originally posted by Kautostar View Post
We’re all doomed if that’s the case. Time to find a new hobby. The one I’ve read states ?125 a month or ?500 a year which is a joke tbh
It's the ?2000 over 90 days that id imagine theyd want something off the customer
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Originally posted by Istabraq View PostPut it this way, if you are allowed to have 5000 pounds worth of AP bets your P&L is zero until they settle, but if they all lost you record a 5000 pound loss which takes losses well beyond the thresholds that are current being banded around.
AP bets therefore have to be considered losers until their settlement confirms otherwise.
I’d love to be wrong but not sure how I can be.
I had a lengthy battle with Betfred around 7/8 months ago who claimed that despite the lifetime of the account being considerably profitable my recent ‘losses’ exceeded their internal limits forcing account closure pending financial interrogation, however, there were no losses on the account whatsoever, just a significant number of Cheltenham bets that hadn’t yet settled…
People are going to have to take some poor prices and spread your bets around more bookies. I use two accounts for each site (wife) so I can spread it around more evenly.
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Originally posted by Lobos View PostNot good news then Ista. We'll all have to start using the high street bookies again by the sounds of it and settle for their stinking prices.
I think it was Saxon who made a very good point in a previous discussion on this subject, he said that it was bookmakers who created the need for over regulation by their own greed, I think there’s alot of truth in that.
The reality though is because of the way racing is funded whatever thresholds get introduced will have a catastrophic effect on a sport that is already struggling.
Racing has been here before and survived so maybe someone is sitting on a big box labelled ‘Masterplan’ that will be its’ saviour, but I can’t get over the fact that in the last 2 days I’ve been out for a nice meal, done some water sports, booked a week away with the wife and ordered some decent meat from a good online butcher, all in about 3 grand, none of these outlets needed to see my bank statements so a total stranger can make a decision on whether I can afford them.
Soon enough more money will be gambled with unregulated bookies than those based in UK who fund the levy…Last edited by Istabraq; 14 July 2022, 01:09 PM.
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Originally posted by Maxfield View Post
Does this count with free bets, as I place about ?60 to ?80 a month on Cheltenham using free bets?
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Also, there was talk of free bets disappearing as part of the review, there’s a belief they are inducements to bet with real money.
As someone said earlier, world gone mad…
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Originally posted by Istabraq View Post
I doubt free bets will count towards your weekly/monthly ‘limit’ but I’m assuming you only get free bets by losing anyway ?
Also, there was talk of free bets disappearing as part of the review, there’s a belief they are inducements to bet with real money.
As someone said earlier, world gone mad…
Certainly would reduce my winners if they stopped free bets though.
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Originally posted by Istabraq View PostNice work Maxfield, clever stuff…
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I’ve always used cash betting. No audit trail. Hard work sometimes to pick bookies and timings to get bets on. I always tip the cashier, and I find this always sweetens the possibility of a future bet.
interesting that over past couple of months that I’ve been asked for personal details and proof of ID before cash payout
i wouldn’t admit to third party betting, but that’s another vehicle that works for me.
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Originally posted by Maxfield View Post
Thanks, it was the first time I really looked at free bets of making money last year. I would just normally waste them and then it occurred to me that 30p here 80p here adds up, so I really started playing the free bets wisely and put it all on Cheltenham. Lads / Coral /William will give you the most and they are the sites that give you the price boasts as well. This year I’m targeting 16 races at Cheltenham to try and make between ?500 to 1k return from each race. These free bets go a long way in helping me cover loads of bets to reach my targets. I would always advise people to use the free bets (aim low and don’t’ waste them cause they add up) and invest them in Cheltenham.
and Fridays with Corals is guaranteed win day - on the Grabber.. - I've had several decent amounts ..
I usually convert them straight into cheltenham bets after the comps finish each day.
i don't have a particular strategy with the roulette comps , but been picking up on those too.
Gives me a chance to do some " sillybets " . Plus some proper bets too. .
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