Gambling Culture

Smee_Again

Fr Tod Umptious wrote: »

But Betfair is an exchange not a bookie.

It's different from a bookie in the sense that you can "back" a selection at a certain price to the value if what others are willing to "lay" the same selection at that price.

Some times you may only be able to bet a couple of Euro on a selection at a certain price and the rest of your bet remains "unmatched" until there is money in the "lay" market to match it.

So if you win big on Betfair you are winning it from an individual, or individuals, not Betfair themselves.

Now that is the Exchange of course, Betfair also have Sportsbook which works like a regular bookie.

I'm curious as to how the poster may have been shut down from the Betfair Exchange.

Of course, I didn’t notice the Betfair part of your question. I need to pay more attention.

famagusta

Fr Tod Umptious wrote: »

But Betfair is an exchange not a bookie.

It's different from a bookie in the sense that you can "back" a selection at a certain price to the value if what others are willing to "lay" the same selection at that price.

Some times you may only be able to bet a couple of Euro on a selection at a certain price and the rest of your bet remains "unmatched" until there is money in the "lay" market to match it.

So if you win big on Betfair you are winning it from an individual, or individuals, not Betfair themselves.

Now that is the Exchange of course, Betfair also have Sportsbook which works like a regular bookie.

I'm curious as to how the poster may have been shut down from the Betfair Exchange.

He never said ''exchange'' most likely shut down by betfair sportsbook, they are a joke altogether

Fr Tod Umptious

famagusta wrote: »

He never said ''exchange'' most likely shut down by betfair sportsbook, they are a joke altogether

Yes when I saw Betfair I assumed Exchange, most people would.

Anyway more fool him/her if they are using the Sportsbook with the Exchange just a click away.

El Gato De Negocios

Gambling should be treated the same as cigarettes and alcohol and be subject to the same advertising restrictions. I know a few lads that are very fond of a bet and a few more that are problem gamblers. One of them who I'd be particularly close to just scoffed and laughed it off any time I brought it up so I don't even bother now.

TheValeyard

I have a serious problem with loot crates and gamble boxes aimed at kids. Genuinely think it's the cigarettes of that generation. Will be serious problems down the road because of them.

El Gato De Negocios

TheValeyard wrote: »

I have a serious problem with loot crates and gamble boxes aimed at kids. Genuinely think it's the cigarettes of that generation. Will be serious problems down the road because of them.

I believe measures have been taken in some EU states to outlaw them iirc, won't be long til the rest of the world follows suit.

Fr Tod Umptious

TheValeyard wrote: »

I have a serious problem with loot crates and gamble boxes aimed at kids. Genuinely think it's the cigarettes of that generation. Will be serious problems down the road because of them.

Absolutely
Look at the Ladbrookes ads with a giant in them.

Who as an interest in giants only kids, and mainly boys, that's the target market.

Kraftwerk

I work beside a PP bookies and a pub. There's a steady stream of misery flowing back and forth between the pub and the bookies all day.

I'd imagine it's the same in pretty much every town. Bookies set up across from or next to pubs to snag the drunk and desperate and bleed them dry of their dole.

Yeah_Right

I think gambling is great. I've made a ton of money from it. Obviously it needs to be regulated and I think it is well regulated.

fantaiscool

Smee_Again wrote: »

When I worked in paddy power they would just limit the bet size that winners could place, they might be limited to €5 when the requested bet was €500. Or they’d just refuse the bet completely.

That's exactly what happened to my paddypower account. I rang them up and they refuse to give a reason for it. Obviously it was because I was winning.

So if you are winning your fair share of bets and up long term your account will be limited and they basically tell you to f*ck off.

Funny how they don't advertise that.

Smee_Again

fantaiscool wrote: »

That's exactly what happened to my paddypower account. I rang them up and they refuse to give a reason for it. Obviously it was because I was winning.

So if you are winning your fair share of bets and up long term your account will be limited and they basically tell you to f*ck off.

Funny how they don't advertise that.

Yeah, I worked in dial a bet for a few months and some accounts would be marked/blocked and I’d have to check with a trader before accepting a bet.

It was basically limiting their bets to the point that they’d get pissed off and leave. We were never told why but it was clear that these were serial winners being blocked.

I hated it there and walked out mid shift and never went back, horrible to be taking money from people who obviously had a problem and the internal reporting systems utterly and repeatedly failed.

Choosehowevr.

LuasSimon wrote: »

Its a huge problem in this country, Mobile phone a huge temptation with online gambling apps.

Betting Ads during matchs and soccer teams sponsored by betting companies adds petrol to the fire.

One time people had to go to a greyhound track or racecourse for a bet now you can bet on anything .

Needs to be regulated

Enticing young lads to sign up with their card details in return for free bets

Government should stamp that out

Richard Hillman

I would gamble a fair bit but would rarely ever bet big. My bets are confined to between €1-€10 for a weekend football bet.

It's an addiction I have no sympathy for. Its an addiction of arrogance. The arrogance of thinking you know better, that you can predict the future. Problem gambling on horses in particular is hilarious. It's a ****ing horse, it has no idea what is going on. It just likes to run fast :pac:

If gambling isn't fun and you are taking it seriously, then you have a problem.

petes

Richard Hillman wrote: »

I would gamble a fair bit but would rarely ever bet big. My bets are confined to between €1-€10 for a weekend football bet.

It's an addiction I have no sympathy for. Its an addiction of arrogance. The arrogance of thinking you know better, that you can predict the future. Problem gambling on horses in particular is hilarious. It's a ****ing horse, it has no idea what is going on. It just likes to run fast :pac:

If gambling isn't fun and you are taking it seriously, then you have a problem.

You have no idea what an addiction is.

circadian

TheValeyard wrote: »

I have a serious problem with loot crates and gamble boxes aimed at kids. Genuinely think it's the cigarettes of that generation. Will be serious problems down the road because of them.

I worked for EA many years ago and the project we were working on was mandated to have loot crates etc, much to the despair of the designers and the rest of us. It was obvious the whole microtransactions was moving beyond Fifa/NFL and many seen it as stifling creativity and freedom of development.

Most of us moved on.

It's disgusting and should really be regulated heavily. Releasing a game for €60, unfinished and expecting people to pony up for any other "updates" is a complete scam.

Patty Power

Richard Hillman wrote: »

I would gamble a fair bit but would rarely ever bet big. My bets are confined to between €1-€10 for a weekend football bet.

It's an addiction I have no sympathy for. Its an addiction of arrogance. The arrogance of thinking you know better, that you can predict the future. Problem gambling on horses in particular is hilarious. It's a ****ing horse, it has no idea what is going on. It just likes to run fast :pac:

If gambling isn't fun and you are taking it seriously, then you have a problem.

https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code

circadian

Another thing that's crazy is Sky Sports betting. They shill their own service during sporting events, even the pundits are at it.

Coybig_

I like to have a gamble, I will again on Stephens Day, but the golden rule of safe gambling is having no online account. Once you have to physically hand over the cash and it's not a number on a screen then you take it more seriously, usually. Obviously the odds aren't as good but at the stakes I'm betting at it doesn't matter too much to me. Also any evidence of online gambling on bank statements is the banking equivalent of saying bomb in an airport.

It can provide a bit of interest and excitement to some sporting events which I appreciate, but it's best to operate within a budget. In my house I have a jar for gambling that I put 20 quid into every week, and if I have a winner I take half and put the other half into the jar. Helps keep things small and safe.

Gambling addiction is one of the most dangerous addictions around because it's the only addiction where the addict thinks that doing more of it is the only way to stop - ie - chasing that big win or the win to get them out of the hole. Any gambler can usually tell the warning signs of gambling and when I hear lads in work with online accounts telling me of the 14 bets they did on the most random markets possible on their accounts, red flags are flying because I know theres another 40 bets on random stuff that they aren't boasting about that lost.

I would always recommend that people nowadays don't gamble (if they haven't already) because with all the online bookmakers, the various offers, the virtuals every minute etc it is so much easier now to develop a problem relationship with gambling than it was before.

Yeah_Right

Yeah_Right wrote: »

I think gambling is great. I've made a ton of money from it. Obviously it needs to be regulated and I think it is well regulated.

Well done but you are in the mimority.I know there are people astute and careful enough to make money from it through discipline and hard work.

Overall though, It is a toxic industry that does more harm than good.

begbysback

kevthegaff wrote: »

A few friends like to bet. Anyway one who has the highest knowledge of horses, gave me a tip yesterday, so I tipped into paddy power as I dont have an online account. The place was full of middle aged men on a Sunday morning, I play on a gaelic team, where I see the young lads gambling on their phones with no knowledge of greyhounds and horses. I hear very little on problem gambling but know alot of guys who have gambled a high percentage of their wages. Is this industry ignored by our government and the pitfalls

The horse racing industry in Ireland has massive influence on the government, one indication of this is the 0% tax on gambling. Where else do you see 0% tax on a billion dollar industry.

Get Real

Yeah_Right wrote: »

I think gambling is great. I've made a ton of money from it. Obviously it needs to be regulated and I think it is well regulated.

I'm not for completely banning gambling. But to say its well regulated is insane imo (no disrespect)

There is currently no permanent gambling regulator in Ireland.

Alot of betting companies refer those in need of help to websites that they fund themselves.

They advertise at all times of day, with attractive/interesting ads.

They normalise placing bets on the phone with watching a match, something we didn't grow up with as kids. Kids from 5 or 6 up are supporting their teams, seeing these ads.

There is currently no rule against luring back in big gamblers who've taken a break. Companies are free to email customers with insane free money on their account to get them back on it again. "we've missed you, login now and enjoy 100euro credit" etc. That is perfectly legal to do and is targeted at people who had big gambling patterns.

They are present online on social media

Basically, if a tobacco company did any of the above, it'd be outrageous. I'm all for allowing them to operate a business, and for people to enjoy a flutter, affording what they can to lose.

But properly regulated, they are not.

Doctors room ghost

There used to be a pub and a bookie side by side with a chip shop directly across the street from the 2 in castlebar years ago.
The locals used to call it the Bermuda Triangle where lads used to go into it and get lost between the 3.
Each one of them is closed now but they used to do roaring trade

Richard Hillman

circadian wrote: »

Another thing that's crazy is Sky Sports betting. They shill their own service during sporting events, even the pundits are at it.

There is a growing theory that Sky Sports News were creating fake transfer news and manager appointments to drive betting on SkyBet.

tdf7187

"Get Real" is correct, it is not well regulated. I am surprised that a poster who claims to make a lot from gambling would make such an asinine comment. Successive governments have failed to prioritise the issue. Neither is it a simple choice between 'banning gambling' and the current approach, that is a moronically simplistic view. There are a range of options available. Currently we are too libertarian, in my view. If you won't take my view, then at least consider the views of the psychiatry profession, who treat the victims of the current excessively liberal gambling culture.

See a recent position paper from the Institute of Psychiatrists of Ireland, to which I attach a link:

https://www.irishpsychiatry.ie/blog/press-statement-launch-of-gambling-disorder-position-paper/

Allinall

begbysback wrote: »

The horse racing industry in Ireland has massive influence on the government, one indication of this is the 0% tax on gambling. Where else do you see 0% tax on a billion dollar industry.

There is 1% tax on all bets.

It is absorbed and paid by bookmakers.

Harry Palmr

Sky sold Sky Bet a few years ago to PokerStars/The Stars Group but no one seems to know!

weldoninhio

Coybig_ wrote: »

Also any evidence of online gambling on bank statements is the banking equivalent of saying bomb in an airport.

This urban myth seems to have become something people believe. As someone who’s previously worked in a bank for 7 years, and has a good mate who’s a bank manager, the above statement is absolute hogwash. Obviously if your splurging hundreds a week, they’ll take notice. But betting €20-50 a week they won’t bat an eyelid at it.

Bobeagleburger

Harry Palmr wrote: »

Sky sold Sky Bet a few years ago to PokerStars/The Stars Group but no one seems to know!

Which is in turn owned by Flutter entertainment (formally known as Paddy Power /Betfair).

Bobeagleburger

There should be a substantial tax on betting imo. The betting industry must have lots of good contacts to avoid being taxed properly.

Tax payer money goes into the racing industry. **** that, it's not a proper sport. It's overwhelming about the gambling. Let the betting tax pay for it, and the addiction that goes with it.

I say all this as a punter myself btw.

Umaro

I've worked in the gambling industry for a good few years now. I enjoy betting myself and I adore my job too. I probably bet (and lose) around €500 each year so I doubt I'm keeping the lights on at Betfair.

Betting isn't going anywhere. There are entire industries set up purely because people like betting on them and they're darlings of the Irish government. Think horse and greyhound racing, which exist purely to generate betting revenue but employ tens of thousands across Ireland.

What we do need is a regulator that makes sensible rules to protect problem gamblers, and has the teeth to punish those operators who break the rules. They should look to enforce the following:

· centralized self-exclusion database - right now I can self-exclude from Paddy Power and then go round the corner to Boylesports to place my bets. At least put some onus on bookies to have rules that will scare the crap out of them taking a bet from someone they think might have a problem.

· our own licencing system - stop the drain of Irish money into Malta/Isle of Man/Curacao. Ringfence the country that only Irish operators can work in the market here. Once you have the licensees captive you can enforce rules (and punishments) way harder.

· increase tax/fees from the bigger companies - the UK's regulator will charge you increasing % fees based on your revenue. Flutter should be getting murdered the amount of money they're taking off Irish punters.


Do I trust the Irish governement to bring in something like this? Absolutely not. Instead we'll get some ridiculous measure that penalizes all the punters like a Max Stake rule. Or something that puts it on the gambler to self-declare they have a problem to all the shops in their area.