Hi campeones I read your post and I found very interesting. Do you need someone to place bets in shop in Spain? If yes, I would be interested, there are many shops near from where I live. Please contact me by Pmcampeones wrote: I was encouraged to share some of my experiences as a member of a gambling syndicate.
I know there are some gambling syndicates in the forum, Punteam is one of them and you can read on their thread their background and their tactics. Other syndicates remain silent while taking as much information as they can find.
The word syndicate comes with negative connotations. I believe many things in the gambling industry come with negative connotations and most of them for unfair reasons. A syndicate is demonised mainly from bookmakers and people who only have to lose from a syndicate. While many syndicates operate in grey or black areas, our syndicate is completely transparent and legal. We are a registered company that operates and respects all laws and regulations. Think twice before even thinking that we do something illegal. Maybe the word syndicate is not appropriate in my case. The appropriate word is The Company. But since our very beginning we used the word syndicate internally and that word stayed there to label us.
My role in the syndicate is managerial. I am responsible for legal and human resources matters. That means that my knowledge on gambling is not that deep and can't be compared with the knowledge of a trader or an advantage player. If you ask me how to cross arb I have nothing to answer because I am clueless. But if you ask me how to protect your self from a bad bookmaker, this is my work.
I come from eastern Europe and I studied law. Luck brought me in the syndicate. I could never imagine I would do that job some years ago. This is the maximum I can say for me and the syndicate. We are registered in a European country but we are a multinational company with people in 10+ countries. People from 16 nations are working with us one way or another. Some times we had 20-21 nations working for us.
So that was my introduction. I will share some of my experiences here and I will be happy to answer all questions that will not be a danger for my company and what we do. I am not here for a testosterone competition. Sorry guys. I will not participate in any confrontation and I hope you all enjoy what I post here in a positive spirit.
A gambling syndicate
- alfonso99
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- balls of steele
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- bob
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Re: A gambling syndicate
Hi, sounds interesting; Let me know if you collaborate with clients in romania, would like to give it a try.
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arbusers
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Re: A gambling syndicate
Its been a while since the last time we had campeones in the forum. Some Romanian guys discouraged him, and now another Romanian is looking for him. It is a crazy world.
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Sandica9
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This looks interesting, are you doing business in Australia? If yes, maybe I can help you.
How do I contact you?
How do I contact you?
- freaked
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How would one expand outside collaborating with trusted circles?
Is there a term used here on arbusers when referring to those we collaborate with?
I cannot find much searching this subject so far on here.
So the countries that do not respect the T+Cs are viewed as riskier by the bookmaker, and thus these are restricted faster?
Re: A gambling syndicate
How would one expand outside collaborating with trusted circles?
Is there a term used here on arbusers when referring to those we collaborate with?
I cannot find much searching this subject so far on here.
campeones wrote: ↑Fri Jan 29, 2021 7:38 amIn these countries any TOS or T&Cs have absolutely no value. The bookmakers know this and they are very careful with these countries. And that is one of the reasons why accounts from country A are restricted after 2 bets, while accounts from country B who bet at the same 2 bets are free to continue.
So the countries that do not respect the T+Cs are viewed as riskier by the bookmaker, and thus these are restricted faster?
- bankster
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I consider Campeones as one of the best posters ever in the forum, together with Vidablue and of course Arbusers who still share their priceless knowledge with others. Very pity some people with their individual motivations discourage the spread of knowledge.
So I ve been meaning to ask Campeones the following question:
Let's suppose that I want to use bookmaker A for betting reasons, but this bookmaker is not allowing me to use their website for whatever reason. So, I use a third party, let's suppose my brother or a friend to bet in his name using my own funds. I clearly give specific directions on how and when to bet. In return, I pay this friend with a one-off fixed fee. Since I operate in England and I m physically based in England, I m sure I have no reason to pay anything as a tax. But I m not sure about the status of the third party. What is your opinion on that? I m looking to be at the safe side of every business.
And of course, thank you once again for all advise. I owe you guys great favours.
So I ve been meaning to ask Campeones the following question:
Let's suppose that I want to use bookmaker A for betting reasons, but this bookmaker is not allowing me to use their website for whatever reason. So, I use a third party, let's suppose my brother or a friend to bet in his name using my own funds. I clearly give specific directions on how and when to bet. In return, I pay this friend with a one-off fixed fee. Since I operate in England and I m physically based in England, I m sure I have no reason to pay anything as a tax. But I m not sure about the status of the third party. What is your opinion on that? I m looking to be at the safe side of every business.
And of course, thank you once again for all advise. I owe you guys great favours.
- campeones
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Re: A gambling syndicate
Thank you for the good words. I will try to answer, but always get advise from an expert.
No you don't have to pay any tax, but your runner is getting paid an employment income and this income should be declared and taxed. I believe you pay something between 200 and 400 euros in a one-off payment if I understand the situation correctly. This is pocket money for England and I doubt the taxman would care, but if your runner wants to stay in the same safe side, he must declare and get taxed.
No you don't have to pay any tax, but your runner is getting paid an employment income and this income should be declared and taxed. I believe you pay something between 200 and 400 euros in a one-off payment if I understand the situation correctly. This is pocket money for England and I doubt the taxman would care, but if your runner wants to stay in the same safe side, he must declare and get taxed.
- bankster
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This is understood, and thank you very much for your free of charge advise. Now let me make the question more difficult.
What if I am a foreigner having gambling business in the UK, but I am physically based in another country? i.e Switzerland?
Re: A gambling syndicate
campeones wrote: ↑Fri Sep 23, 2022 1:33 amThank you for the good words. I will try to answer, but always get advise from an expert.
No you don't have to pay any tax, but your runner is getting paid an employment income and this income should be declared and taxed. I believe you pay something between 200 and 400 euros in a one-off payment if I understand the situation correctly. This is pocket money for England and I doubt the taxman would care, but if your runner wants to stay in the same safe side, he must declare and get taxed.
This is understood, and thank you very much for your free of charge advise. Now let me make the question more difficult.
What if I am a foreigner having gambling business in the UK, but I am physically based in another country? i.e Switzerland?
- Pi Bet
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Re: A gambling syndicate
If you plan to bet from switzerland with UK citizens in the UK, things get really complicated i guess. I do actually live in switzerland and as far as I know people wouldnt understand your business. If you plan to make this legally waterproof you need (good) lawyers in both countries. And even with them I wouldn't be suprised if some judge (at least in switzerland) suprises you with their judgement if they ever have a look at it.
Practical advice would be, keep a low profile and take care that nobody ever cares about what you do. If legal help is ever needed i would go with the proverb: We cross the bridge when we get there. Good luck.
Practical advice would be, keep a low profile and take care that nobody ever cares about what you do. If legal help is ever needed i would go with the proverb: We cross the bridge when we get there. Good luck.
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arbusers
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Allow me to express my opinion. Of course as Campeones said, you better ask an expert before any decision.
If the income in the UK comes from gambling, then it is not taxable in the UK. But if you are looking to bring that income in your own country (i.e Switzerland), you should check in Switzerland of what the status of this income is.
Re: A gambling syndicate
Allow me to express my opinion. Of course as Campeones said, you better ask an expert before any decision.
If the income in the UK comes from gambling, then it is not taxable in the UK. But if you are looking to bring that income in your own country (i.e Switzerland), you should check in Switzerland of what the status of this income is.
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arbusers
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To avoid misconceptions and misleading our members, I had to delete part of a post I made earlier today in regards to a tax scheme that would reduce tax rates under specific circumstances.
The heads up was given by our member thomas wilson and I thank him for this. He brought up a new element that should be studied by me, before having and posting a solid opinion.
Tax planning is a delicate matter and you should always have the advise of an expert. What we say here are opinions and should not be taken as a legal or any other kind of advise.
Thank you for the understanding, and I m sorry for the bad post.
This post is discussed with Campeones as well, who asked me to delete some of his posts too. He also agrees with the current post.
I am also asking bankster to re-read the posts.
The heads up was given by our member thomas wilson and I thank him for this. He brought up a new element that should be studied by me, before having and posting a solid opinion.
Tax planning is a delicate matter and you should always have the advise of an expert. What we say here are opinions and should not be taken as a legal or any other kind of advise.
Thank you for the understanding, and I m sorry for the bad post.
This post is discussed with Campeones as well, who asked me to delete some of his posts too. He also agrees with the current post.
I am also asking bankster to re-read the posts.
- campeones
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I agree with the statement. Also sorry for bad post. I will need more time to consult.
Re: A gambling syndicate
arbusers wrote: ↑Fri Sep 23, 2022 5:45 pmTo avoid misconceptions and misleading our members, I had to delete part of a post I made earlier today in regards to a tax scheme that would reduce tax rates under specific circumstances.
The heads up was given by our member thomas wilson and I thank him for this. He brought up a new element that should be studied by me, before having and posting a solid opinion.
Tax planning is a delicate matter and you should always have the advise of an expert. What we say here are opinions and should not be taken as a legal or any other kind of advise.
Thank you for the understanding, and I m sorry for the bad post.
This post is discussed with Campeones as well, who asked me to delete some of his posts too. He also agrees with the current post.
I am also asking bankster to re-read the posts.
I agree with the statement. Also sorry for bad post. I will need more time to consult.
- bankster
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Oh, seems a tsunami passed from here when I was sleeping. Anyways take your time guys and let me know when you think.
Meanwhile, please answer to the following:
Let's suppose that I provide the capital and all the guidance to the runners (third party). I clearly give specific directions on how and when to bet. In return, I pay this third party a percentage (i.e 15%) of the winnings that came from the provided work and resources. What is the status of the third party? Again, being physically located in the UK means that I have no tax obligation, but the question remains, what if I m located in Switzerland?
Thank you.
Meanwhile, please answer to the following:
Let's suppose that I provide the capital and all the guidance to the runners (third party). I clearly give specific directions on how and when to bet. In return, I pay this third party a percentage (i.e 15%) of the winnings that came from the provided work and resources. What is the status of the third party? Again, being physically located in the UK means that I have no tax obligation, but the question remains, what if I m located in Switzerland?
Thank you.
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