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UK betting petition

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Author Topic: UK betting petition  (Read 1451 times)
Kokos, CFA
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« on: March 31, 2016, 05:05:29 PM »

FYI :)

https://petition.parliament.uk/petitions/125456

It has become a common practice for bookmakers within the UK and that operate in the UK to restrict or close the accounts of successful punters. Everyday, countless accounts are closed because of punters searching out best odds on comparison sites and selecting more winners than losers.

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Other licence operators around the world are recognising this has become an issue, most recently New South Wales introduced more stringent regulations than those we ask for in this petition.

The petitioners want to see the following:

Bookmakers must accept a legitimate stake up to £25 on all accounts, and restrictions must not restrict to under £25. Bookmakers also be banned from closing accounts of successful punters or refuse to accept a new account.
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Thordin
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« Reply #1 on: March 31, 2016, 05:19:18 PM »

We can get 10k votes just ourselves , haha
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dealer wins
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« Reply #2 on: March 31, 2016, 05:49:32 PM »

A noble quest, but in the UK businesses have the right to "refuse entry", as long as it is not on the grounds of race,sex age etc

If they let us arbers loose with no restrictions they would be closed within a week, or turn into betfairs.

Reminds me of the Atlantic City Casino ruling years ago where card counters couldnt be banned, lasted a few weeks I believe and led to worse playing conditions for all when the dust settled.
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qbet
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« Reply #3 on: March 31, 2016, 06:03:05 PM »

This could explain why books prefer to limit players instead of closing accounts.
There are others tactics they could employ instead of limiting, like putting people on delay or on extra juice ( l1xbet does that).
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davidelliott52
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« Reply #4 on: March 31, 2016, 07:55:12 PM »

Ive signed the petition but not sure what the ramifications will be. Would it just put every soft bookie out of business, those that dont sharpen up will be gone which is bad for us.
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raizzak
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« Reply #5 on: March 31, 2016, 08:33:48 PM »

cmon be real.... noone will be out of bussness having to accept 25 pound bets...
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Don't speak for something you have no clue.

Thordin
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« Reply #6 on: April 01, 2016, 09:43:25 AM »

cmon be real.... noone will be out of bussness having to accept 25 pound bets...

£25 is small, relative to what is happening in NSW horseracing. They have 500AUD 'to win' amount minimum if im not mistaken?

Anyway, back to the £25, im sure some of the more tech-knowing members are salivating thinking of their series of bots betting 25.
Certainly the bookies will figure out a way to defend themselves
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blackjim
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« Reply #7 on: April 01, 2016, 01:33:40 PM »

905  signatures so far.
It's a good initiative, but I don't see how it can be enforced, to companies that operate in places like Malta etc.

They can always find a "it's a trading department decision" way out of any problem, without anyone regulating them.
That's how they survive so far.
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gg
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« Reply #8 on: April 01, 2016, 01:50:34 PM »

I urge all UK citizens to sign the petition.

You and your money are the only reason these greedy b@stards are still in biz. Furthermore, should be subject to criminal investigation the dramatic fluctuations of odds. I am more than confident that in most cases "fraud" is involved.

Their unethical replies such as "it's trading's dpt decision" are over.. They want war and they are going to have it.!
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davidelliott52
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« Reply #9 on: April 02, 2016, 11:41:10 AM »

yeah but £25 on the greek basketball handicaps from all of us guys adds up and they will just stop offering value lines
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davidelliott52
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« Reply #10 on: April 03, 2016, 08:35:14 AM »

Another petition we should start is that bookies have to settle bets at the agreed upon odds.
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yorkjoss
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« Reply #11 on: April 03, 2016, 01:02:00 PM »

Another petition we should start is that bookies have to settle bets at the agreed upon odds.

yes and they should send us a card on our birthday too
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MaxShalamar
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« Reply #12 on: April 03, 2016, 01:36:08 PM »

What we don't want is for bookies to levy a £25 minimum AND maximum stake on ALL markets - even limited accounts are very viable with £4000-£5000 stakes allowed on certain markets and odds
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Kokos, CFA
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« Reply #13 on: April 04, 2016, 10:33:32 AM »

What we don't want is for bookies to levy a £25 minimum AND maximum stake on ALL markets - even limited accounts are very viable with £4000-£5000 stakes allowed on certain markets and odds

Your limited accounts must be very different from mine :)
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MaxShalamar
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« Reply #14 on: April 04, 2016, 11:24:25 AM »

he is probably referring to primer league matches at odds of 1.01

Yes big leagues (and international games) but many sports - and not just 1.01 - I got £5000 on at Unibet a few days ago at 1.12

BTW - it's difficult to arb if the bookie is offering 1.01 ;-)
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