the galah Posted April 24 Share Posted April 24 (edited) it may not be a nz harness racing topic yet,but its interesting to see whats going on in britain.Who knows whether something like that will come here and when.Most probably i suppose depending on who is in government. in the 2022/2023 season,betting turnover on british racing was 9.12 billion pounds,a dramatic fall of around 900 million,or inflation adjusted 1.75 billion they say. It seems the most significant reason is affordablilty checks. In other words punters are being told that they are betting too much. And what they say is even more concerning is stricter rules are currently before parliament and are viewed as being a major issue if british racing is to survive. Currently a survey found 1/4 of punters were already being forced to undertgo affordability checks. The newest proposed implementation of the checks would be triggered if a punter lost an average 1.37 pounds a day(500) a year,or if they lost 125 pounds in a months.Once you hit those levels they do a credit check and you would not be able to gamble if your credit check was no good. Also the harsher checks which most likely would lead to limitations would be if you lost say 1000 in a day. Wouldn't matter what else you were spending your money on or how rich you are,but gambling would be looked at. Obviously if betting agencies were proven to have allowed say someone to lose even the propsed 1.37 pounds a day and they had poor credit,then the penalties would be harsh. i havent read what the exact current rules are but it seems even wealthy people are getting notifications from their banks if they lose. One example i read was a wealthy owner who was contacted after he lost 1000 in a month. they are even currently saying postcodes and job descriptions are factors in current affordability checks. The gambling commision is saying it will only effect 3% of punters,but a survey found 26% have said they have been subject to the current checks and half of those told them where to go and stopped betting. racing authorities have pointed out you can spend as much as you like on the national lottery,alcohol,ciggarettes,fast food,etc. They are also pointing to the major impact it will have on betting agencies who will find horse racing less attractive and instead will focus more on other betting products. Edited April 24 by the galah Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted April 24 Share Posted April 24 9 minutes ago, the galah said: Currently a survey found 1/4 of punters were already being forced to undertgo affordability checks. Well that's not @Brodie as he can't get a bet on. 2 Quote Link to comment Share on other sites More sharing options...
the galah Posted April 24 Author Share Posted April 24 (edited) 10 minutes ago, Chief Stipe said: Well that's not @Brodie as he can't get a bet on. Under the proposed law changes before parliament ,currently supported by the ruling party,if brodie had even 1 losing bet he would have to supply credit references,credit checks,bank statements and anything else they may view as relevant. Maybe the nz rules not that bad after all. Edited April 24 by the galah 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted April 24 Share Posted April 24 1 hour ago, Chief Stipe said: Well that's not @Brodie as he can't get a bet on. Yeah I can, just restricted to pathetic amounts! The TAB obviously thinks $20 is about all they can afford to lose on certain bets. Quote Link to comment Share on other sites More sharing options...
Brodie Posted April 24 Share Posted April 24 1 hour ago, the galah said: Under the proposed law changes before parliament ,currently supported by the ruling party,if brodie had even 1 losing bet he would have to supply credit references,credit checks,bank statements and anything else they may view as relevant. Maybe the nz rules not that bad after all. Racing would fold in NZ if this bs came in here! Many harness meetings are running at losses and the TAB are making some poor decisions currently! Quote Link to comment Share on other sites More sharing options...
the galah Posted May 6 Author Share Posted May 6 (edited) It seems the gambling commission in england has decided the affordabilty checks will be introduced in 2 stages. Starting off with credit checks to be undertaken if anyone deposits more than 500 pounds into an account a month from august,that reducing to 150 pounds a month in february next year.The credit checks to be done on publicly available data.Then the next step will be for the credit information to be gathered from the likes of credit reference agencies. apparently it is a about giving those customers a credit risk rating. The gambling commission is claiming the punters won't notice it as much and betting agencies will end up with less information due to the changes they have just made.They are saying now customers don't have to give all their documents to prove they can afford to lose 150 a month,instead that assessment will be done by the credit reference agencies. But then again,many are pointing out,that even if you are well off,but are one of those people who don't have many references for credit scores because you have never booked up on credit when making purchases,well you will come into the category that will be looked at closer. Then,you currently have in ireland some legislation which some are saying will badly impact racing there.Again to do with so called gambling protection. Seems the irish government is intent on introducing a ban on gambling being advertised between 5.30 am and 9pm.Going by the articles witten,it seems the racing channels racing tv and sky racing are saying it will no longer be vialble for them to broadcast racing in ireland. Racing ireland leadership are currently saying it won't come to that,but it seems people over there are very worried as if racing channels do disappear,they are worried it will impact betting and ownership. A recent a survey/report found it could cost irish racing 30m pounds in 5 years and the irish government 150 million in 5 years. Edited May 6 by the galah Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 6 Share Posted May 6 Governments should look at their own budgets rather than wanting to control the budgets of their citizens. Our Liebour government that unfortunately people voted in for 6 years had absoljtely no idea whatsoever on how to control spending and in the right places! What right have govts. got to pry into the spending of citizens own finances? None whatsoever, that is not what they are elected to do!!!!! 1 Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 6 Share Posted May 6 Be funny if NZ introduced this😆😆😆…..Entain would be fleeing NZ quick Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 6 Share Posted May 6 BTW…. I would not do a credit check, would stop betting 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 6 Share Posted May 6 (edited) 58 minutes ago, Newmarket said: BTW…. I would not do a credit check, would stop betting If betting dropped off due to limiting losing punters as well as winning punters then it would be the death knell for racing in NZ earlier rather than later! Edited May 6 by Brodie 1 Quote Link to comment Share on other sites More sharing options...
the galah Posted May 6 Author Share Posted May 6 (edited) 1 hour ago, Newmarket said: Be funny if NZ introduced this😆😆😆…..Entain would be fleeing NZ quick entain said a couple of months ago that regulatory changes as relates to this issue in britain and around the world would have a 40 million pound impact on earnings for 2024. entains net gaming revenue in the uk was down 6% last year,reflecting the regulatory changes. entain had apparently put their own systems in place in anticipation of the proposed changes,with many confused punters as a result.. Entains chief financial officer admiited"its even hard for us to articulate our approach and for our customer service people who are picking up the phone to confused customers. Its hard for them to explain why they have been sent an alert or why they are being asked for bank statements and so on". 1 hour ago, Newmarket said: BTW…. I would not do a credit check, would stop betting as mentioned earlier,a survey found half of those customers who had been asked for affordability check information had said they would no longer bet with them or would stop betting. Racing industry people are saying all these changes will have a major impact on the viabilty of the british racing industry. But don't worry,the british can spend whatever they like on other frivilous things. just looked up what they spend on the national lotteries. it only pays out 57c in the pound,which meant in 2022 the average household lost 121 pounds,3.44 billion all up.Government won't touch that. last year the uk govt got 982 million pounds in lottery duties. Just an example of big brother and what hypocrites and fake those that run britain are these days. Edited May 6 by the galah 1 Quote Link to comment Share on other sites More sharing options...
Newmarket Posted May 6 Share Posted May 6 Who honestly would give bank statements to the TAB? Surely majority would say get stuffed. What about those betting oncourse or at terminals, how would they police it? My Mrs would welcome it 😆 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 6 Share Posted May 6 Seriously 125pound in a month and 500pound in a year lost on racing seems like a hell of a low amount?? All losing punters over there you would think would be having to show ststements which is clearly an archaic and stupid law! Government go take a running jump, it is not a Communist country! There is enough meddling in peoples lives in NZ mostly introduced by Ardern and co. And hopefully being overturned by Seymour and co. 2 Quote Link to comment Share on other sites More sharing options...
the galah Posted May 6 Author Share Posted May 6 (edited) heres the main 6 ways they do affordability checks. geo affordability-where you live. wrong post code more likely to be looked at. application data-whos applied for a loan type thing vulnerability data-do you have the wrong characteristics. In nz the profile of problem gamblers could be called racist and sexist,but i suppose britain isn't nz mortality data-to identify gamblers using dead peoples identity. property data-seems to be linked to geo- average house prices and assets of residents of where you live derogatory financial scores-seems to relate to the credit ratings you have. Imagine all the above crap as being possible factors in how they decide whether you can have a bet or not.bureaucracy gone mad.What a strange way the world is heading. All about controlling the sheep. Like brodie said,nz had its first taste of it with the previous government,luckily we are not on the same level as the likes of britain,yet. Edited May 6 by the galah 1 Quote Link to comment Share on other sites More sharing options...
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