BetBurger | Live and Pre-game surebets
RebelBetting - Turn betting into investing

The upcoming mass exodus of the British smart bettor

Make bookmakers cash cow machines
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 626
Posts: 6277
Joined: Thu Dec 30, 2010 4:34 pm

The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 1:14 am

The upcoming mass exodus of the British smart bettor.

I never thought I'd see this happening, but times have changed, and not for the better. It doesn't matter how they call it, affordability checks, Source of Wealth, frictionless checks, etc. In reality it is the wreck of your betting activities from a bunch of rogue bookmakers who constantly ''forget'' to check addicts, while they keep screwing a winning bet of just £5.

More than 10 years ago, the Greek government decided to regulate and tax the betting landscape in a way that no smart bettor could operate. I recall very well the mass exodus of the Greek smart bettor. Brilliant young people with proven records and profits of millions per year were forced to move abroad to continue doing the job they loved the most. The number 1 destination was the UK.

Now it is the turn of the British smart bettor to become a betting immigrant. Whereto? Time will tell.
The small fish will be fried in the pan though.

Mark my words.

exodus.jpeg
exodus.jpeg (94.92 KiB) Viewed 1079 times
barret19
Has experience
Has experienceHas experience
Karma: 15
Posts: 180
Joined: Wed Jul 15, 2020 11:16 pm

Re: The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 2:46 am

For those who melted uk bookies for years and years with value betting and bots its time to take a bit of time off.

Buy a small property with a farm , get along with the Nature, buy some chickens. Go fishing.

Life is more than betting. Times are changing.

We are living in a changing world (not only on betting), and it´s worst every day. If you are an European we are going on a terrible path. Governments want you poor and dependant on them.

Stay strong guys
TjTaker
Has experience
Has experienceHas experience
Karma: 6
Posts: 187
Joined: Mon Mar 24, 2014 3:32 pm

Re: The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 6:36 am

In Europe, rogue bookmakers and legislation is killing our job

In South America, Brazil for example, the situation is similar to what was in Greece
It was a paradise and now it's becoming hell

The solutions are becoming fewer and fewer and I no longer know what the future holds
Only by working together and as a community we can find a way
straili
Gaining experience
Gaining experience
Karma: 10
Posts: 73
Joined: Sun Feb 20, 2011 2:28 pm

Re: The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 9:04 am

arbusers wrote:
Sun Nov 05, 2023 1:14 am
I recall very well the mass exodus of the Greek smart bettor. Brilliant young people with proven records and profits of millions per year were forced to move abroad to continue doing the job they loved the most. The number 1 destination was the UK.

This is what we pay today. Greeks, Poles, Germans etc, they all came to the UK. The pie got smaller and the mouths got bigger.
treblepop
Has experience
Has experienceHas experience
Karma: 16
Posts: 100
Joined: Wed Sep 28, 2022 9:24 am

Re: The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 10:03 am

its true that for all remaining uk serious value bettors, this is the swansong year. if they hadn't already walked off into the sunset.

the white paper says they are to impose the new systems by summer next year but it remains to be seen how the checks will be implemented by open banking or credit histories etc
GNMbg
Has experience
Has experienceHas experience
Karma: 4
Posts: 109
Joined: Sun Aug 06, 2023 1:01 am

Re: The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 1:07 pm

***
Attachments
64e72557aeea614c77fd0bff_d81832be-5ebd-417b-942e-644943836775.png
64e72557aeea614c77fd0bff_d81832be-5ebd-417b-942e-644943836775.png (670.38 KiB) Viewed 957 times
O0
blackjack
Has experience
Has experienceHas experience
Karma: 14
Posts: 183
Joined: Thu Feb 24, 2011 5:01 pm

Re: The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 5:10 pm

treblepop wrote:
Sun Nov 05, 2023 10:03 am
it remains to be seen

Nothing remains to be seen. All these checks are already here by the big guys (WH, 365, Fred, etc). Only the smaller guys are expected to follow through the next days/weeks.
mrJustice
Has experience
Has experienceHas experience
Karma: 5
Posts: 108
Joined: Fri Oct 23, 2020 10:43 am

Re: The upcoming mass exodus of the British smart bettor

Sun Nov 05, 2023 8:54 pm

It might be a dumb question from my side but why exactly is this a problem? can't you just provide them with the documents they ask? Personally I face different issue, stake limits got much worse with my local bookies and also number of arbs/value bets diminished lately. Making 50% less than I used to just a couple months ago.
Grant
Gaining experience
Gaining experience
Karma: 9
Posts: 81
Joined: Sat May 21, 2022 5:54 am

Re: The upcoming mass exodus of the British smart bettor

Mon Nov 06, 2023 8:30 am

mrJustice wrote:
Sun Nov 05, 2023 8:54 pm
It might be a dumb question from my side but why exactly is this a problem? can't you just provide them with the documents they ask? Personally I face different issue, stake limits got much worse with my local bookies and also number of arbs/value bets diminished lately. Making 50% less than I used to just a couple months ago.
guess its just a beggining. I any bookie on earth expect you provide any docs because you won 5 quid/euro do you really think that they care about you and your betting safety? no man even if you provide them what they want next step will be slashing limits to 2 euro or kicking out anyone after one+EV bet placed. its like "cmon, if someone attempting robbery just give him your wallet so hes gonna leave and never come back". People used to say exactly what you just said 10 years ago when bookmakers started limiting players "whats the deal, just open another account on your friend bro"... If they started throwing such obstacles they wont just stop at some point...
treblepop
Has experience
Has experienceHas experience
Karma: 16
Posts: 100
Joined: Wed Sep 28, 2022 9:24 am

Re: The upcoming mass exodus of the British smart bettor

Mon Nov 06, 2023 9:56 am

mrJustice wrote:
Sun Nov 05, 2023 8:54 pm
It might be a dumb question from my side but why exactly is this a problem? can't you just provide them with the documents they ask? Personally I face different issue, stake limits got much worse with my local bookies and also number of arbs/value bets diminished lately. Making 50% less than I used to just a couple months ago.
from my point of view the problem is thus mr justice:

currently each book has its own in house limits and triggers to ask for source of funds/affordability. some large well known and small companies check when you lose 10k/20k, some check when you lose 2k. so its still possible to lose a good amount with no check and then flip the account when they think your a loser, again with no checks, maybe denise will ask for a survey or something automatically.

now what is being proposed is blanket 1k/2k limits for ALL books by law and requiring an automatic check via data sharing/open banking/credit file consent to link your bank and credit file for them to see your balance and wages etc. Also via SCV the operators will be able to share their collected data to 'protect' you, so if bet365 says he lost 5k and cant afford it you cant go to skybet and lose 5k because they will be there waiting for you with 500 limits

This is a huge difference for a professional value bettor
mrJustice
Has experience
Has experienceHas experience
Karma: 5
Posts: 108
Joined: Fri Oct 23, 2020 10:43 am

Re: The upcoming mass exodus of the British smart bettor

Mon Nov 06, 2023 2:16 pm

treblepop wrote:
Mon Nov 06, 2023 9:56 am
mrJustice wrote:
Sun Nov 05, 2023 8:54 pm
It might be a dumb question from my side but why exactly is this a problem? can't you just provide them with the documents they ask? Personally I face different issue, stake limits got much worse with my local bookies and also number of arbs/value bets diminished lately. Making 50% less than I used to just a couple months ago.
from my point of view the problem is thus mr justice:

currently each book has its own in house limits and triggers to ask for source of funds/affordability. some large well known and small companies check when you lose 10k/20k, some check when you lose 2k. so its still possible to lose a good amount with no check and then flip the account when they think your a loser, again with no checks, maybe denise will ask for a survey or something automatically.

now what is being proposed is blanket 1k/2k limits for ALL books by law and requiring an automatic check via data sharing/open banking/credit file consent to link your bank and credit file for them to see your balance and wages etc. Also via SCV the operators will be able to share their collected data to 'protect' you, so if bet365 says he lost 5k and cant afford it you cant go to skybet and lose 5k because they will be there waiting for you with 500 limits

This is a huge difference for a professional value bettor
thank you for explaining, I did not know that they would get access to customers' bank/credit data, thought they would just ask for documents like they do for ID and address verification. I can see now how this is a big problem, especially the ones who do arbing or value betting with large stakes.

I guess the occasional value bettors who do it as a hobby to earn small extra income should still be fine in the UK
mrJustice
Has experience
Has experienceHas experience
Karma: 5
Posts: 108
Joined: Fri Oct 23, 2020 10:43 am

Re: The upcoming mass exodus of the British smart bettor

Mon Nov 06, 2023 2:26 pm

Grant wrote:
Mon Nov 06, 2023 8:30 am
mrJustice wrote:
Sun Nov 05, 2023 8:54 pm
It might be a dumb question from my side but why exactly is this a problem? can't you just provide them with the documents they ask? Personally I face different issue, stake limits got much worse with my local bookies and also number of arbs/value bets diminished lately. Making 50% less than I used to just a couple months ago.
guess its just a beggining. I any bookie on earth expect you provide any docs because you won 5 quid/euro do you really think that they care about you and your betting safety? no man even if you provide them what they want next step will be slashing limits to 2 euro or kicking out anyone after one+EV bet placed. its like "cmon, if someone attempting robbery just give him your wallet so hes gonna leave and never come back". People used to say exactly what you just said 10 years ago when bookmakers started limiting players "whats the deal, just open another account on your friend bro"... If they started throwing such obstacles they wont just stop at some point...
I think bookies are now more aggressive with the limits because all these regulations hurt their profit too. I think large chunk of their profit comes from gambling addicts that lose really a lot of money. Now they are forced to cut their cost everywhere they can and limiting sharp betting is the obvious one for them.
blackjack
Has experience
Has experienceHas experience
Karma: 14
Posts: 183
Joined: Thu Feb 24, 2011 5:01 pm

Re: The upcoming mass exodus of the British smart bettor

Mon Nov 06, 2023 3:34 pm

Those of you guys who take it lightly, you should always remember that once you get a record in one company, this will be distributed with all the others. Once your £5 bet is flagged then every bookmaker will treat you like they think you deserve you should be treated.
Trevorr
Has experience
Has experienceHas experience
Karma: 8
Posts: 124
Joined: Sat Dec 05, 2015 1:08 pm

Re: The upcoming mass exodus of the British smart bettor

Wed Nov 08, 2023 5:02 pm

I think that overall it is a bad thing for bookies, they will lose their main source of income - gamblers. But they get a tool to bully smart bettors. they may ask for many documents and some smart bettors will have a big problem providing them.

Return to “Arbing, matched betting and trading talk”