Bookmakers asking for proof of income

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BHT
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Bookmakers asking for proof of income
« on: November 19, 2014, 02:00:11 PM »
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Does a bookmaker has the right of requesting such information ?

As far as I know there are companies which strictly prohibit their employees to share informations regarding them or their revenues

Is this a new tactic of bookmakers to "catch" PRO players and stop their activity ?

Please take into consideration that we are talking about WilliamHill (I guess 2nd biggest online bookmaker in the world after bet365) and not a shady // fishy bookie. I would also like to remember you that after bet365 has implemented the "photo with your ID next to the face" more and more bookmakers have adopted this tactic !

« Last Edit: February 10, 2021, 08:11:31 AM by arbusers » Logged
Thordin
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Re: WilliamHill requests proof of income
« Reply #1 on: November 19, 2014, 02:13:08 PM »
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The guy said:
I have wagered for a couple of days
I have lost 50k£ and have a balance of 40k£
I am a student


You guys dont think this rings a few bells in their security department? I think that if they dont check that for money laundering they might as well remove the whole money laundering thing from their T&Cs.

Maybe im wrong, what do you guys think?
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arbusers
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Re: WilliamHill requests proof of income
« Reply #2 on: November 19, 2014, 02:20:33 PM »
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Bookmakers licenced in the isle of Man have this right according to the law. I believe that WillHill is licenced by Gibraltar, so one should look to the law of the rock.
188bet started this tactic 4-5 years ago. My understanding is that they did it only to pro gamblers that took sharp lines no matter if they won big or small. That was their tactic to kick away sharp action.
Now, asking for a proof of income shouldnt be an issue. The important thing is that you can prove that you made the deposited amount via your regular job, inheritage or whatever. You dont have to prove anything about profits I suppose. You only have to prove things for your deposits there.
For sure, willhill or any other bookmaker cant replace your local taxman. To my eyes, this is their new weapon against pro gamblers.
It wasn't Bet365 the one that started the pictures near the head. I believe it was the BAH group.
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sportoboy
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Re: WilliamHill requests proof of income
« Reply #3 on: November 19, 2014, 03:42:39 PM »
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Quote
188bet started this tactic 4-5 years ago. My understanding is that they did it only to pro gamblers that took sharp lines no matter if they won big or small. That was their tactic to kick away sharp action.

That is correct. I should add that they accepted a number of complaints back then and they decided not to pursue this policy any more: bookmakersreview.com/bookmaker-news/188bet-stop-asking-players-proofs-income/44249
Of course, as I know from personal experience 188bet resumed this action it at least a year ago.

Quote
Now, asking for a proof of income shouldnt be an issue.

I'm not so sure...
« Last Edit: February 10, 2021, 08:13:33 AM by arbusers » Logged
qbet
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Re: WilliamHill requests proof of income
« Reply #4 on: November 19, 2014, 05:13:45 PM »
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If WilliamHill were genuinely concerned that this person was gambling with money he coudn't afford to loose or that didn't belong to him why didn't they block his deposits?
Why don't they have lower deposits limits to some accounts?

It could be family money but usually, in those cases, this isn't money you want to gamble with unless you are really well off.

It screams arbitrage, because a non-arber  would need to have a very large bankroll to bet that big. That is not likely for a young person.
Unfortunately it also looks like multi-accounting is involved. WH is one of the first bookies a new arber would try, especially in the UK, and an inexperienced arber wouldn't bet so aggressively. If that is true the player won't send any proof of income and they will just keep the money.
« Last Edit: November 19, 2014, 05:16:27 PM by qbet » Logged
dealer wins
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Re: WilliamHill requests proof of income
« Reply #5 on: November 19, 2014, 05:31:36 PM »
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If legit he will provide proof, if its gnoming he may well lose his £50k.   Its a risk when using other people's IDs.  Hills are lethal when they think they are being played!
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fnatic91
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Re: WilliamHill requests proof of income
« Reply #6 on: November 19, 2014, 06:25:11 PM »
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If he is guilty of something , then bookies should just close his account and return his deposit , right ? Ok , they have the right to confiscate winnings , but do they have the right to confiscate the deposits ?

 So , give the guy 90k when he really has 50k in his account
« Last Edit: November 19, 2014, 06:26:56 PM by fnatic91 » Logged
doubledavis
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Re: WilliamHill requests proof of income
« Reply #7 on: November 19, 2014, 11:24:33 PM »
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I have a real problem with this. What if (lets assume for arguments sake) the player is a high stakes gambler and gained his money through betting. How is he supposed to prove that? Send betting statements from other bookmakers into William Hill? Now what if he is an Arber but has used accounts only under his own name, how would you prove that as a source of income? Income is such a fluid thing that it's not always as easy as saying here are my last 3 months payslips. What if he is self employed (we know he is a student but I mean in general) and therefore doesn't receive monthly payslips? What if he is just from a wealthy family and has a trust fund etc?

Much respect to the guy from managing to get at least £50k in bets down with William Hill without being limited to penny stakes.
« Last Edit: November 19, 2014, 11:26:22 PM by doubledavis » Logged
ppintaluba
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Re: WilliamHill requests proof of income
« Reply #8 on: November 19, 2014, 11:57:26 PM »
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If it's legal money (whether from betting, arbitrage, inheritance, etc) he should be able to prove it. If not, he is in trouble.
Bookmakers must have AML procedures in place.
That from WillHill: williamhillplc.com/corporate-responsibility/customers.aspx (check Anti-money laundering section)

Anyway, they should perform these checks before accepting deposits, not after losing 50k and trying to withdraw.
« Last Edit: February 09, 2021, 07:19:49 PM by arbusers » Logged

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Thordin
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Re: WilliamHill requests proof of income
« Reply #9 on: November 20, 2014, 06:34:51 AM »
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You can easily place 10s of thousands at WH, they have huge limits on many leagues.
I dont have the stomach to place more than 1-2k per bet though...
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doubledavis
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Re: WilliamHill requests proof of income
« Reply #10 on: November 20, 2014, 03:09:29 PM »
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Perhaps first bet but then after that it's referred to trader and accepted, then after that it's referred to trader and re offered £47.50. 
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whitesnake
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Re: WilliamHill requests proof of income
« Reply #11 on: June 02, 2015, 05:38:59 PM »
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WilliamHill withdrew from Romania:



    We regret to inform you that William Hill has taken a decision to withdraw all of its online betting and gaming services for all residents of Romania for the foreseeable future.

    We sincerely apologise for any inconvenience this may cause you however this decision has been taken for regulatory reasons beyond our control and with very short notice.

    We will be suspending the accounts of all residents of Romania. From today, 2nd June 2015, you will not be able to use your account to access our online sportsbook or gaming products.


I was able to withdraw my balance from there.
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kapetan1122
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Re: WilliamHill requests proof of income
« Reply #12 on: June 02, 2015, 09:43:31 PM »
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It seem they have cut off Croatia too.Till few months ago we had normal accounts than 2 months ago new account was 10% and it seems from few days ago we have 1% of normal account.Can somebody from Croatia can confirm me this?
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svevlad
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Re: WilliamHill requests proof of income
« Reply #13 on: June 03, 2015, 06:22:48 AM »
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yup  1%    (prošla baba sa kolacima)
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majstore
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Re: WilliamHill requests proof of income
« Reply #14 on: June 09, 2015, 09:47:26 AM »
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I think in slovenia is the same story with wh :/
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