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The much delayed Gambling White Paper to be published today?
Tikay10
Member, Administrator, Moderator Posts: 173,780
Gambling white paper: Gamblers losing £1,000 a day to face checks
https://www.bbc.co.uk/news/uk-65249542
Comments
The starting point has to be targeting the big gamblers. It is high time the focus moved to the big gamblers, rather than the small-time punters.
However, the "losing £1k in a day" seems to look at things from the wrong side. There are a lot of professional gamblers who gamble more than £1,000 a day. And the most successful will inevitably have days where they lose £1k.
I would like to see different rules for the high-stakes punters. A separate gambling bank account. Where it can be seen where all the debits and credits are. And where the gambler cannot deposit more than £1k a month without giving clear reasons why it is safe for him to do so.
The alternative is gamblers self-certifying why they can afford to lose this amount of money, whether that is from income, assets, or amount already in credit from previous gambling.
ok silly out the way.
so first impression it looks no way near as bad as I thought. I was expecting the word spending which means different things to different people but could mean staking, losing or depositing.
I am not in a position right now where I would ever expect to lose £1000 in a day. I am cautious with bankroll and as weird as it sounds I would be glad within the next few years to be in a position where I lost £1000 in a day. I say that because the only way it could ever happen is if I got good enough and had a strong track record of winning. BY this point my financial position be very healthy and my income from gambling very decent. At that point I would relocate country to continue to play. I am not seriously suggesting doing that but if I was doing that well it would be a no brainer.
curious though is the £1000 based on deposit/deposits or just loses eg if hypothetically I grinded a bankroll up from £500 to say £50000 on a site and then happened to lose £1000 of it in a day is that the moment?
then what happens? I mean who decides the criteria for determining whether someone can afford that?
are they going after vip schemes? spin and goes are dead if they go after loyalty programmes etc the game is basically a rake trap like not been funny I only have a 3% roi before RB and I am told by everyone that is really strong you take away promo and etc and the 12 year old paper boy is getting a better hourly then me.
how do they even police all this anyway eg a problem gambler could just go to multiple sites and there are multiple issues with the sites all sharing intel on gamblers.
please could someone post the full white paper when we are able to see it here?
"how do they even police all this anyway eg a problem gambler could just go to multiple sites and there are multiple issues with the sites all sharing intel on gamblers."
I imagine sites will pool their information on a central database.
"please could someone post the full white paper when we are able to see it here?"
It'll be posted on here.
To be fair to Mr Sunak, while the White Paper has been gathering dust on the shelves there have been no less than three Prime Ministers, three Home Secretaries & several Culture Secretary's. Bungling Boris just put it to the back of the queue and Dolly Dewdrop was only in Office for a matter of weeks before she was rumbled.
The Gambling white Paper falls under the remit of the Culture Secretary & it's not long since Nadine Doo-Lally Dorries occupied that chair, & God only knows what draconian measure she may have introduced.
The rule prior to 2022 was that an employee could "only" double his salary by effectively gambling in stuff. Because that is exactly what gambling on future share prices is. Although they were allowed to treble their salary by gambling if shareholders allowed.
Now that restriction has been removed. Employees of banks are now allowed to carry out unlimited gambling. Where they get a cut of profits. And don't suffer because of losses. And, if Banks suffer massive losses, the Government orders the taxpayer to bale them out.
Banker gamblers are gambling with other people's money. On credit cards they don't own. But it's ok. These aren't just gamblers. They are Tory gamblers.
Something DOES need to be done though, & they have to start somewhere.
Many of the rumoured changes have already been introduced by the more responsible Firms, including Flutter (owners of the SB&G brand as well as Paddy Power & Betfair) who limited deposits from players under 25 almost a year ago.
Cut way back the advertising on TV, it's overkill at the moment and some channels only have gambling adverts on them.
Im just hoping I dont lose the spin and go leaderboard the RB and I dont know about diamond club I think I will have to apply for that which likely would require an affordability check anyway but I am not at that level yet for it to be relevant.
What we really need in this thread is some input from @NChanning who I know is very up on this matter & I believe has some fairly well-developed views.
one thing I just read said people who lose £125 a day would face financial vulnerability checks. is this true?
Well it will be published in a few hours time, so let's wait & see.
In my family my father gambled on slot machines, not heavily but enough for it to be 'normalised' for me and my brother and we enjoyed going to the penny arcades as kids. This led to my brother gambling all his life, he died aged 57 due to problems resulting from alcohol and smoking addictions.
As a kid I used to frequent the penny arcades and many times lost everything I had earned from my Saturday gardening job within a couple of hours. This certainly carried on into my twenties and even later (not the gardening job, but the gambling!) Poker was very much my gambling saviour as it meant I could enjoy a 'gamble' without actually losing overall. Luckily, as I got older, my self control became good enough that gambling has long since stopped being a financial risk to me, but it certainly was when I was younger. Many are not so lucky and it ruins lives.
The mass marketing of betting companies on TV and online is a huge problem, it just glorifies gambling and no matter how much they try and include phrases like 'when it stops being fun, stop', by the time it has stopped being fun many are in too deep.
In conclusion, and I know I am being a hypocrite putting this on a gambling forum, I think they need to try and stop children getting into gambling in the first place. But God knows how they would do that.
3 points to make. Firstly, fruit machines should not be allowed anywhere where children are. Because it is often that pub fruit machine that starts things. And that would not be the dramatic thing it was 20 years ago. Because revenue from these pub machines has plummeted.
Secondly, fruit machines should not be allowed to carry out subliminal advertising. Studies have shown that it is the lights on fruit machines, and the sequencing, that captivates the future addict.
Finally, online gambling needs to be tightened massively for children in relation to slots. There are all sorts of games aimed at kids where it is possible to gamble.
@Enut
Poker was very much my gambling saviour as it meant I could enjoy a 'gamble' without actually losing overall.
Same here. My Dad gambled more than he could afford, & so I caught the bug early. I was - & am - incurable, to this day I love that buzz a bet gives me. I was like that all my life until my mid-fifties, when I discovered poker. Soon I could gamble every day & get my fix that way without losing any money.
Oddly enough, as I am not allowed to play poker on Sky sites, I've reverted to sports betting again, but I think the poker has given me a sense of perspective, as I just bet small, mainly £10 or £20, occasionally a little more, & that gives me my daily fix.
I bet on almost any Sport I can watch on TV - football, horses, snooker, golf - I sort of "have to", I need that little surge of adrenalin, that bit of extra interest, but it's completely controlled now, & I put that down to poker.
its all about tackling poverty and inequality imo.
we need more good paying jobs, more industry and creative out lets. if people felt content and happy with life they would be less inclined to feel the need of chasing a dream to be a milllionaire........our capitalist world view is the problem......
i think some regulation is a good thing but we dont need over kill....imagine if you went to the pub and some guy said to you, you are only allowed 3 beers because you have a sh itty paying job but bill over there can drink as much as he likes cause he has a high paying job.....even tho bill is an alcoholic.
Here you go, the long-awaited White Paper. Remember, a Government White Paper is a PROPOSAL for legislation which still has to be debated in both Houses & voted on, so it's still a way down the road.
And as far as Online Gambling is concerned, firms like Flutter have been pre-emptive and have already implemented many of the suggestions.
https://www.gov.uk/government/publications/high-stakes-gambling-reform-for-the-digital-age/high-stakes-gambling-reform-for-the-digital-age