#319439

neilmck
Participant

It’s a real nuisance isn’t it FGR? Two things I would say about your suggestion. Firstly I think it’ll prove to be more difficult than you think to lose money with the bookies and win on the exchanges. When Sod’s Law is introduced into the equation, I’ve got a feeling you’ll end up with a ridiculous run of winners at the bookie you’re trying to placate. Secondly, the act of “losing” a bet with the bookie might not even be enough to stay their hand. If one of the things they’re looking out for is people taking value on their bets then whether or not the horse wins the race might not actually make any difference to them when they’re assessing your account.

http://www.theguardian.com/global/2015/aug/02/betting-horses-gambling-bookmakers-accounts-closed

I thought this article was a good read, and this part in particular was quite interesting.

Alex Salmond, the former First Minister of Scotland and a keen punter and race-goer, told me that he intends to raise the issue of bookmakers refusing to take bets from winning punters in his new role as vice-chairman of the All Party Parliamentary Group on Racing & Bloodstock.

“It is not acceptable for bookmakers to refuse to take a reasonable-sized bet because the client has a record of winning,’” he said. “If it is not a breach of advertising standards, then it should be. Bookmakers today simply don’t want to take any risks.

“In my new role, I intend to bring this to the attention of the Gambling Commission [which regulates gambling in the UK] and Ibas [the Independent Betting Adjudication Service, which rules on disputes between punters and bookies]. There is a difference between bookmaking, an entirely respectable profession, and fleecing people, which isn’t.

“Maybe it is time that the distinction was made harder in terms of the law. There is a difference between being risk-averse and being responsible for misleading advertising. An unreasonable refusal to accept bets should, in my estimation, be a reason for disqualification from a bookmaker’s licence.”

He’s certainly not everyone’s cup of tea, and is prone to a bit of bluster, but I wonder if a few carefully worded letters to Mr Salmond might be of some use.

This podcast is a great listen as well – I’d definitey recommend sitting down with a cuppa when you’ve got a couple of hours free.

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