General Chat

[Fouroverthrutwo]

Can anybody help with this question please,I have a couple of ante post bets for Cheltenham 2023 on my Skybet account,if these affordability checks come in and I won’t be supplying wage slips and bank account information to them,then do they automatically close my account? And what would happen to me ante post bets left in the account if they do close my account?

There's an article on The Racing Post website about it. The suggestion is that affordability checks will only be instigated if you lose (not wager) more than ?2000 in a 90 day period. There's still loads of water to flow under the bridge before this becomes legislation.

https://www.racingpost.com/news/alarm-bells-should-be-ringing-for-punters-as-gambling-review-details-emerge/566405

[Liverpoolchamp]

Thanks everyone who replied to my question on this,it’s been a big help,thanks again

[Istabraq]

There's an article on The Racing Post website about it. The suggestion is that affordability checks will only be instigated if you lose (not wager) more than ?2000 in a 90 day period. There's still loads of water to flow under the bridge before this becomes legislation.

https://www.racingpost.com/news/alarm-bells-should-be-ringing-for-punters-as-gambling-review-details-emerge/566405

This proposal will impact ante post hugely, I’d imagine there’s a fair few in here whose AP books have a value of 2k or more and I know from painful experience bookmakers regard all open positions as losers until settlement confirms otherwise…

[Odin]

This proposal will impact ante post hugely, I’d imagine there’s a fair few in here whose AP books have a value of 2k or more and I know from painful experience bookmakers regard all open positions as losers until settlement confirms otherwise…

Yeah it would be an arse from an antepost perspective definitely and would hurt me despite the value of my book being under that threshold but if we are talking about losses of x-amount, I actually think that's the correct route to go down personally. Hopefully modifications will be allowed to allow x-amount of unsettled bets but that can bring its own problems...

[Saxon Warrior]

This proposal will impact ante post hugely, I’d imagine there’s a fair few in here whose AP books have a value of 2k or more and I know from painful experience bookmakers regard all open positions as losers until settlement confirms otherwise…

How would a bookmaker assess antepost bets, not yet run, as "Losers" where the GBP2000 P/Q limit is used?

There will be more detail, upon its release, but any thought of yet-to-run race being counted as losers, could quickly be quashed (if thats the way it reads).

[robith]

Given eveeyrhting that's going on, I wouldn't be surprised if the white paper gets torpedoed tbh. Can't really be top of Johnson's agenda, and then next step depends on who replaces him (I could see Truss who is quite socially puritanical going ham with it, whereas Sunak/Javid being ex bankers aren't big on looking too hard at where people's money has come from)

[HoldenTheReins]

As per Twitter Mike Grech to move all of his horses to Ireland

I Am Maximus - Willie Mullins

I Am Rocco - Willie Mullins

Fortunedefortunata - Gordon Elliott

Fils D’oudairies - Gordon Elliott

[BarrowNH01]

As per Twitter Mike Grech to move all of his horses to Ireland

I Am Maximus - Willie Mullins

I Am Rocco - Willie Mullins

Fortunedefortunata - Gordon Elliott

Fils D’oudairies - Gordon Elliott

Interested to see if Willie can work his magic on I am Maximus, had high hopes for him as a novice this past season.

[Kautostar]

How would a bookmaker assess antepost bets, not yet run, as "Losers" where the GBP2000 P/Q limit is used?

There will be more detail, upon its release, but any thought of yet-to-run race being counted as losers, could quickly be quashed (if thats the way it reads).

How will they determine a GBP2000 loss? Will it be spread across the board or just with 1 bookie? For example on the upcoming World Cup I could lose all my bookie bets worth 2k but win 4k on the exchange. Do I then get interrogated by the bookie? I can only see problems as non gambling folk won’t understanding the trading element combined with ante post positions. 1 bad Cheltenham and you’ll be forced into supplying documents before aintree.

[Odin]

Interested to see if Willie can work his magic on I am Maximus, had high hopes for him as a novice this past season.

Suspect he goes chasing, but imagine if he got into the Coral Cup off around 140! (currently 134)

[Istabraq]

How would a bookmaker assess antepost bets, not yet run, as "Losers" where the GBP2000 P/Q limit is used?

There will be more detail, upon its release, but any thought of yet-to-run race being counted as losers, could quickly be quashed (if thats the way it reads).

Rather than term them as ‘losing bets’ I perhaps should have said that your open positions are part of the 2k threshold meaning that once you have 2k of open bets you won’t be permitted any more until the 90 day period expires/re-sets.
More detail will no doubt be made available soon, and whilst this is progress from initial rumours of 100 quid a month it will still be considerably restrictive…

[BarrowNH01]

Suspect he goes chasing, but imagine if he got into the Coral Cup off around 140! (currently 134)

Dreaming of coral cup entries in July, we all need a new hobby

[Topofthegame2021]

Suspect he goes chasing, but imagine if he got into the Coral Cup off around 140! (currently 134)

My first thought exactly Odin!!

[HoldenTheReins]

Anyone know how the Irish handicapper will work on giving the movers a rating over in Ireland?

[Spectre]

How will they determine a GBP2000 loss? Will it be spread across the board or just with 1 bookie? For example on the upcoming World Cup I could lose all my bookie bets worth 2k but win 4k on the exchange. Do I then get interrogated by the bookie? I can only see problems as non gambling folk won’t understanding the trading element combined with ante post positions. 1 bad Cheltenham and you’ll be forced into supplying documents before aintree.

All I can say is that I'm past that number on antepost bets for the following Festival on all my accounts on the Saturday immediately after the Festival has finished, so I'll be limited to betting on one day a year!!!