Jump to content
Bit Of A Yarn

$1k limit for betting and collecting- What issues?


Brodie

Recommended Posts

The $1k policy that the NZ TAB brought in for betting and collecting has been in for a week now!

I haven’t had a bet so no collecting either , and I certainly don’t intend to play the TABs stupid little game and I hope many other punters don’t as well until they come out and tell us all that it is about control rather than money laundering!

Has anyone had any problems or not had to produce ID for the $1k?

How does the Self Service Machines work for the $1k limit, how do you prove who you are with these machines????

 

Link to comment
Share on other sites

27 minutes ago, Brodie said:

The $1k policy that the NZ TAB brought in for betting and collecting has been in for a week now!

I haven’t had a bet so no collecting either , and I certainly don’t intend to play the TABs stupid little game and I hope many other punters don’t as well until they come out and tell us all that it is about control rather than money laundering!

Has anyone had any problems or not had to produce ID for the $1k?

How does the Self Service Machines work for the $1k limit, how do you prove who you are with these machines????

 

The voucher basically gets locked until you verify yourself. So you need to go to the counter. 

I know of one person who got grumpy because they couldn’t collect but they were warned for weeks that it was coming in. 

  • Like 1
Link to comment
Share on other sites

3 minutes ago, Tonkatime! said:

The voucher basically gets locked until you verify yourself. So you need to go to the counter. 

I know of one person who got grumpy because they couldn’t collect but they were warned for weeks that it was coming in. 

they sound like the type that would moan if their arse was on fire and moan if someone put it out

  • Haha 1
Link to comment
Share on other sites

24 minutes ago, Rangatira said:

they sound like the type that would moan if their arse was on fire and moan if someone put it out

Exactly my thoughts. The guy at the counter responded with a simple “there’s nothing I can do until you verify yourself”.

The way the guy was going on I thought it may have been the Broadster but he’s ruled himself out tonight. 

  • Haha 1
Link to comment
Share on other sites

1 minute ago, Tonkatime! said:

Exactly my thoughts. The guy at the counter responded with a simple “there’s nothing I can do until you verify yourself”.

The way the guy was going on I thought it may have been the Broadster but he’s ruled himself out tonight. 

i would not take the brodsters word as gospel

or anyone with a man bun for that matter

Edited by Rangatira
  • Haha 1
Link to comment
Share on other sites

45 minutes ago, Rangatira said:

i would not take the brodsters word as gospel

or anyone with a man bun for that matter

Ranga, you CAN take Brodster’s word as gospel.

 Hope you weren’t saying that I had a man bun?

The Self Service machines are going to be a waste of time for mAny punters and frustrating for someone standing behind someone who is betting or collecting over $1k  and wanting to get  a quick bet on!!

There are going to be plenty more disgruntled punters at pub agencies as the bar staff will be busy serving drinks etc.

What a blatant stupid system that the NZ TAB have introduced to control punters!

They are going to lose many of their bigger punters without doubt!

  • Haha 1
  • Confused 1
Link to comment
Share on other sites

TonkaTime, why are you confused by my comments?

What part do you not understand?

Do you think that with the NZ TAB treating every punter in NZ as being likely to be money laundering as being a positive?

Look forward to your answer!

Link to comment
Share on other sites

1 hour ago, Brodie said:

Ranga, you CAN take Brodster’s word as gospel.

 Hope you weren’t saying that I had a man bun?

The Self Service machines are going to be a waste of time for mAny punters and frustrating for someone standing behind someone who is betting or collecting over $1k  and wanting to get  a quick bet on!!

There are going to be plenty more disgruntled punters at pub agencies as the bar staff will be busy serving drinks etc.

What a blatant stupid system that the NZ TAB have introduced to control punters!

They are going to lose many of their bigger punters without doubt!

You make some valid points but are there really that many big punters that wouldn’t have a tab account? 

At the risk of re litigating last weeks debate you are not correct in your assertion that the tab had a choice about the aml limit. 

  • Like 1
Link to comment
Share on other sites

14 minutes ago, Tonkatime! said:

You make some valid points but are there really that many big punters that wouldn’t have a tab account? 

At the risk of re litigating last weeks debate you are not correct in your assertion that the tab had a choice about the aml limit. 

Thanks for your prompt response.

I am sure most punters do have a TAB account although nowadays it is basically not worth the effort using it, for many restricted punters for the pathetic amounts that they are able to win!!

Restricted punters are treated as crims for just wanting to legitimately have a bet, and now have been basically stopped from having a decent bet at an agency or oncourse due to this new policy to control every single punter in NZ.

And you are totally incorrect TonkaTime in that the amount as detailed in the AML policy that the police needed to be advised as to money laundering at TABs and Casinos is $10k not $1k.

The hierarchy at the NZ TAB are paid ludicrously high salaries to look after the NZ TAB and if they are so damn weak that they could not argue sufficiently with the MIA for them to comply with the policy as per the AML Act, then they should be sacked!!!!!!!!

As I have said I am just not bothering with the NZ TABs stupid policy, as I am not a bloody money launderer and never will be or need to be.

I don’t need to bet with the NZ TAB and they are probably happy about that, however anyone that thinks that this policy is beneficial for the NZ punter, then they are sadly delusional.

The NZ TAB deserves to be deserted by the punters for their ludicrous decisions.

Edited by Brodie
Link to comment
Share on other sites

2 minutes ago, Brodie said:

Thanks for your prompt response.

I am sure most punters do have a TAB account although nowadays it is basically not worth the effort using it, for many restricted punters for the pathetic amounts that they are able to win!!

Restricted punters are treated as crims for just wanting to legitimately have a bet, and now have been basically stopped from having a decent bet at an agency or oncourse due to this new policy to control every single punter in NZ.

And you are totally incorrect TonkaTime in that the amount as detailed in the AML policy that the police to needed to be advised as to money laundering at TABs and Casinos is $10k not $1k.

The hierarchy at the NZ TAB are paid ludicrously high salaries to look after the NZ TAB and if they are so damn weak that they could not argue sufficiently with the MIA for them to comply with the policy as per the AML Act, then they should be sacked!!!!!!!!

As I have said I am just not bothering with the NZ TABs stupid policy, as I am not a bloody money launderer and never will be or need to be.

I don’t need to get with the NZ TAB and they are probably happy about that, however anyone that thinks that this policy is beneficial for the NZ punter, then they are sadly delusional.

The NZ TAB deserves to be deserted by the punters for their ludicrous decisions.

I never said anything about what’s written in the AML legislation so I’m not sure how I’m incorrect based on that?

You may have a fair point that the management should have done more but I believe the DIA wanted a much tighter regime and this was a compromise. 

I agree with you it’s stupid in the case of someone who wins $1000 of a $4 trifecta. 

It will be interesting to see the turnover numbers all though I believe the website has turned a few people off. 

  • Like 1
Link to comment
Share on other sites

6 minutes ago, Tonkatime! said:

I never said anything about what’s written in the AML legislation so I’m not sure how I’m incorrect based on that?

You may have a fair point that the management should have done more but I believe the DIA wanted a much tighter regime and this was a compromise. 

I agree with you it’s stupid in the case of someone who wins $1000 of a $4 trifecta. 

It will be interesting to see the turnover numbers all though I believe the website has turned a few people off. 

What the legislation says is $10k, so if the MIA wanted a tighter regime then they need to change the AML ACT!!!

The NZ TAB bosses must be pathetically weak if they could not argue their case that it is going to be detrimental to their business and that their is eff all people money laundering money thrust the NZ TAB.

Compromise? What one tenth of the requirement of the AML Act!!!!!

This is going to be seriously detrimental to turnover as it totally enable the TAB to stop anyone from winning anything semi reasonable from Fixed Odds and the bigger punters wont now bother.

Tonka, there are many things that are turning punters off nowadays, but it is not just the existing punters that are being turned off, I know that there is no way they are going to be attracting new punters to be betting on horse racing or greyhounds.

THe NZ TAB would be happy with just sports betting as the costs are so much less!

Personally, I will stay interested  in the Harness Racing but as for the NZ TAB, I am not bothering!!

Link to comment
Share on other sites

13 hours ago, Brodie said:

The $1k policy that the NZ TAB brought in for betting and collecting has been in for a week now!

I haven’t had a bet so no collecting either , and I certainly don’t intend to play the TABs stupid little game and I hope many other punters don’t as well until they come out and tell us all that it is about control rather than money laundering!

Has anyone had any problems or not had to produce ID for the $1k?

How does the Self Service Machines work for the $1k limit, how do you prove who you are with these machines????

 

Had a couple of $1000+ collects last week and no issues at all. Have always had to produce ID so same procedure as before.

What about the poker machines in some TABs. Some guys put thousands through there $100 at a time. How do they counteract that?

  • Like 1
Link to comment
Share on other sites

2 hours ago, Nowornever said:

Had a couple of $1000+ collects last week and no issues at all. Have always had to produce ID so same procedure as before.

What about the poker machines in some TABs. Some guys put thousands through there $100 at a time. How do they counteract that?

Nowornever, you are saying that previously when you have collected over $1k, you have had to show ID.

Bollacks!!!

Link to comment
Share on other sites

39 minutes ago, Chief Stipe said:

FFS isn't the issue with money laundering not the amount of the collect but the amount of money punted to collect a return!  For example if someone takes a $3 easy bet and collects $2,500 (I know someone who did that) they only laundered $3 NOT $2,500!

I think the issue with only going on what was bet is that it would be a lot easier to split bets in to amounts under $1000. I agree in the example it’s silly. 

Link to comment
Share on other sites

1 hour ago, Tonkatime! said:

I think the issue with only going on what was bet is that it would be a lot easier to split bets in to amounts under $1000. I agree in the example it’s silly. 

So they can damn well still do that, split to $999.

It is totally about the TAB having control of everyone that wagers with them and not money laundering at all or they would’ve run with the actual AML Act amount of $10k.

The NZ TAB are not about being fair or upfront, they haven’t been for a long time now.

 

Link to comment
Share on other sites

2 hours ago, Brodie said:

Nowornever, you are saying that previously when you have collected over $1k, you have had to show ID.

Bollacks!!!

Still awaiting an answer from Nowornever!

He is reluctant to reply because he is aware he has told a large porky here!

You have never had to show ID to collect $1k from a winning bet at all.

 

  • Haha 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...