General Chat

[Quevega]

The 125 limit will be a check you won't even know about

I imagine they will check credit scores of everyone losing that much

It's the ?1000 loss a day or ?2000 90 days that'll be more invasive

That's how I read it anyway

Exactly, a simple credit search done in the background, and they'll also take into consideration antepost bets and seasonal/festival betting, especially older accounts with track records.
The first check will only be a concern for people with poor credit history, ccj's and bankrupts etc, and lets face it, a reasonable amount of these types shouldn't be betting anyhow.
Will be a pain for those that still have a ccj for not paying the poll tax though

[Glasgow Ronnie]

I was in a William hill shop last week think it was Friday, they played a video of affordability checks. There was around three people in at the time and I don't think anyone bothered with it

[JackieMoon33]

Ballyburn looks a relentless galloper ala galopin not a 2 miler to miler to me

He got outpaced for a few strides today then galloped them into the ground

His pedigree is also heavily stamina laden

Flemensfirths don’t win Supremes.

[Istabraq]

The 125 limit will be a check you won't even know about

I imagine they will check credit scores of everyone losing that much

It's the ?1000 loss a day or ?2000 90 days that'll be more invasive

That's how I read it anyway

Yes, correct.
No obvious impact but all remote searches are recorded and affect things like credit scores for those who are concerned with such things.
Anyone who subscribes to a a credit report now will see background checks from bookmakers on there, I think it’s identity checks mostly but they’re there for anyone to see.
But you’re right, the 2k in 90 days is a bigger operational issue…

[Istabraq]

Pathetically flawed then. Ridiculous waste of time.

Possibly but shops apply restrictions anyway even if these are set higher than any restricted online account, and of course there are fewer shops around these days.
The only unrestricted market is on course and this is already seeing an uplift in business which in some ways is good, doesn’t help us with our lifechanging multi’s though sadly….

[RoadToCheltenham]

Two big purchases at Punchestown last night:

- QUALIMITA sold to Mags O Toole for 500,000. On behalf of Robcour I think and heads to Cullentra.

- HISTRIONIC (Walk in the Park x Flemensbay) for 450,000. Tom Malone and heading to Paul Nicholls for existing client.

[JackieMoon33]

Two big purchases at Punchestown last night:

- QUALIMITA sold to Mags O Toole for 500,000. On behalf of Robcour I think and heads to Cullentra.

- HISTRIONIC (Walk in the Park x Flemensbay) for 450,000. Tom Malone and heading to Paul Nicholls for existing client.

replay for anyone interested

https://www.fatjockey.com/forum/fat-jockey-horse-racing-forum/cheltenham-festival-2021/3420-general-chat?p=421391#post421391

[Irish Rugby]

Regarding affordability checks, I wonder how you will be treated if you don't deposit much, if anything. You just have a betting bank, accounts with money in them, and this is what you bet with.

All my bets would be a small percentage of the total bank. If I suffer a really poor losing run, I reduce my bet level, which retains as that strict percentage of my total bank. By contrast, I've been fortunate to have some amazing successful periods, and can then decide to either increase my stake or even take some of my winnings out.

Admittedly most of my betting is on the exchanges although I do have 2 betting accounts with traditional bookmakers.

Surely, you are only going to come under any affordability checks if you are regularly depositing?

[archie]

Two big purchases at Punchestown last night:

- QUALIMITA sold to Mags O Toole for 500,000. On behalf of Robcour I think and heads to Cullentra.

- HISTRIONIC (Walk in the Park x Flemensbay) for 450,000. Tom Malone and heading to Paul Nicholls for existing client.

One that was slightly under the radar was Bellas Bridge who went for 155k having won the same point as Honeysuckle a few years ago. I was interested because we went to see her at Shade Oak Stud when we were looking at stores last year. She was nice and we would have gone to the 3k that they thought she might fetch at the sales but the 10k hammer price was too rich for us. Not a bad profit for 9 months work!

[HesTheOne]

One that was slightly under the radar was Bellas Bridge who went for 155k having won the same point as Honeysuckle a few years ago. I was interested because we went to see her at Shade Oak Stud when we were looking at stores last year. She was nice and we would have gone to the 3k that they thought she might fetch at the sales but the 10k hammer price was too rich for us. Not a bad profit for 9 months work!

Yea the profit the P2P lads turn over in a space of 1-2 years is deadly.

Many of the new owners fail to see a sliver of the return on investment these boys get.

[That Horse]

Yea the profit the P2P lads turn over in a space of 1-2 years is deadly.

Many of the new owners fail to see a sliver of the return on investment these boys get.

What is a store by the way, or why is that term used?

[RoadToCheltenham]

One that was slightly under the radar was Bellas Bridge who went for 155k having won the same point as Honeysuckle a few years ago. I was interested because we went to see her at Shade Oak Stud when we were looking at stores last year. She was nice and we would have gone to the 3k that they thought she might fetch at the sales but the 10k hammer price was too rich for us. Not a bad profit for 9 months work!

She certainly did go under the radar, gone to Jamie Snowden. See how she gets on

[Istabraq]

Surely, you are only going to come under any affordability checks if you are regularly depositing?

That’s a fair point but you are dealing with people devoid of common sense so every chance this isn’t considered, the wording that came out yesterday was very specific about punters who lost 125/2000 etc so by default this is specific reference to P&L and not deposits.
That said by leaving money in your accounts you are giving yourself the best chance of avoiding closure/restrictions.

I keen to see how the numbers are crunched, you win 10k in March, lose 2k in April and May and the regulation will auto flag a crackhead out of control perennial losing punter at risk of suicidal thoughts, just so happens he is net 6k up in three months…

[Quevega]

That’s a fair point but you are dealing with people devoid of common sense so every chance this isn’t considered, the wording that came out yesterday was very specific about punters who lost 125/2000 etc so by default this is specific reference to P&L and not deposits.
That said by leaving money in your accounts you are giving yourself the best chance of avoiding closure/restrictions.

I keen to see how the numbers are crunched,

you win 10k in March, lose 2k in April and May and the regulation will auto flag a crackhead out of control perennial losing punter at risk of suicidal thoughts, just so happens he is net 6k up in three months

…

Have to remind myself of this every time I reach for the Iggy Pop album.

[Irish Rugby]

Of course many will not want to leave money lying in a bookmakers account, earning interest for the bookmaker. I'm OK with that as it is my betting bank, and has no effect on my day to day living budget.

Leaving aside all the negative feedback from punters, it does foster a prudent approach. We're yet to see how all this will work out but that's my way forward.

Another thing. I only bet on weekends and during the bigger racing days. As much as I love high quality jumps and flat racing, I have no interest in the day to day fodder, or any other sports betting (save for very small bets on golf, but certainly no games). I would thought I would appear to be a prudent gambler.

Looking at practicalities, surely B365 etc will have to employ a lot of new people if part of their brief is to have to micro manage betting accounts?