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I think she is from the McNeill family, owners with Alan King and Gordon Elliott etc.
To be fair, Maddy Playle did sort of put her right. Luck was probably too worried about being called out for “mansplaining”.
Wilts,
One thing to consider is that when the bookie comes asking about affordability, whatever is in your account at that time you probably won’t be able to withdraw unless you go along with their demands for financial info.
I don’t really expect to face this problem and my only active account is with Betfair, but I’ve taken to keeping my balance down to a level whereby a delay in getting the money back wouldn’t be a major issue.
apracing makes a good point wilts. I guess it comes down to how confident you are that you’ll pass the affordability checks and whether you’ll need the cash in your account any time in the near future if they do decide to make things difficult for you.
Cheers AP and BB – i read the Racing Post article today about Chris Gyles, owner of Iceo and Crambo. He is having probs about affordability and accessing his winnings, and the guy is minted – crazy.
Hmm…maybe i’ll withdraw most of it and just deposit each day. I do have a number of ‘other’ betting accounts i have not used for months, so i’ll use them as back up if probs occur.
Half expecting/dreading something happening to my online account when Cheltenham starts because I will be placing many more bets this upcoming week than I would ever place through the rest of the year combined….likely that that kind of activity will trigger some sort of algorithm to flag me up.
If it does happen, I will certainly not be sending them any supporting documentation and will have no option but to withdraw all my funds and close my account accordingly and it will probably mark the end of me betting on racing altogether, which whilst not the end of the world will be a shame because (as a lesson learned from my grandad who introduced me to racing) I have always worked on the proviso of only betting amounts that you can afford to lose…..and to date that mantra has never seen me wrong.
Decided to leave enough in the betting account for Tuesday. Then, will deposit each eve before the next day’s racing.
“As of midnight on Monday 31st January 2022, Mark Jarvis stopped offering online gambling services to solely focus on our retail betting shops.”
Mark Jarvis Racing are based in Nottinghamshire and Yorkshire, afaik, and have a retail shop just four miles from me.
When I have my irregular and very modest bets, I go there now that a Coral closed only a couple of miles from where I am.
I’m much happier being a customer of a small local business than any online giant, and shall play with them this week (if I find anything I really want to punt on with any confidence!).
Any time I watch any TV apart from the BBC I am bombarded with gambling ads. Not bothered when it’s sport and it’s promoting offers on the sport I’m watching as it is both appropriate and expected but pushing casino, poker etc during non-sport TV, such as drama programmes, seems to be targeting people either not previously interested in gambling or those trying to avoid sport because they have a problem. Along with Facebook’s persistent promotion of casino and bingo sites it’s this sort of insidious and intrusive advertising that a government serious about safeguarding would be addressing. Not the pathetic and unworkable effort they have come up with.
Absolutely disgusting that little if anything has been done about advertising.
Racing and more importantly punters are being penalised for racing continually being in bed with bookmakers.
Racing fully deserves it but punters don’t.
Don’t know how much it matters but the bit I saw of Lucy Frazer, she seemed to lack knowledge of the subject.Most people lack knowledge on the subject. Betting is a niche activity.
And I am fully prepared for the sexist jibes but there is statistically less chance of a female Minister understanding the subject. Far fewer women than men bet. Just look at the average betting shop or betting ring on track if anyone requires proof.
On January 29 2023 Cormack15 posted:
“Punters are racing’s biggest financiers by some distance through betting, racecourse attendance and tv subscriptions. Without people betting on racing and thus providing finance to the sport and those involved in the industry, it would collapse. “
Punters’ financial contribution is way lower than owners. The total annual levy is about 100 million pounds. Owners pay about 300 million pounds just having their horses trained, after having forked out another small fortune in buying them, or rearing them, in the first place; and then have the honour of stumping up race entry fees to try and win some of their own money back.
Marginal Value while what you’ve said is factually correct, owning a racehorse is a privilege and a hobby, those that own horses know the business they are getting themselves into. I see it as similar to car enthusiasts at, say, Goodwood’s Members Meeting, those folk don’t complain that it’s a loss-maker when they have to deal with the purchasing of vintage cars, their transport to races and their general upkeep/maintenance costs because they understand the financial implications of getting into that hobby in the first place. It just so happens that in horse racing the owners actually have the rare benefit of being able to gamble on the things they’ve bought and on occasion get a nice juicy payout.
The major merit in such affordability rules is that they may give the authorities more control over potential money laundering by organised crime. If “individuals” are regularly losing substantial sums of money they either have a possible gambling problem , or alternatively they don’t really care how much they are losing as the portion that they recoup via their wins can be legitimised.
That said , are there any proposals to have such checks over FOBTs , or casino gaming ?.Late to this, I only drop in on this forum occasionally.
In the case of Chris Giles, those checks are almost certainly anti-money-laundering, not affordability checks. It really doesn’t help that the Racing Post don’t appear to have a clue what they are talking about on this issue.
Let’s be clear, people involved in racing are not always the straightest (Vertem anybody?) and there is absolutely no universe in which AML checks are going away: gambling is really obviously a high-risk activity when it comes to money laundering. And if you took your 10k you wanted to put on Bravemansgame and opened a bank account instead, guess what? You’d have to tell them where you got it.
On affordability checks themselves they suck but as an industry racing is going to die if it doesn’t confront gambling harm. There’s only so many tabloid headlines the public will tolerate before we get regulated out of existence. I must admit I have never been asked, but I am only a recreational punter.
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