Credit Card Betting

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spliffhead
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Credit Card Betting

Post by spliffhead » Fri Jan 17, 2020 9:24 am

Whilst banning credit card use for betting purpose is probably no bad thing, the utter hypocrisy shown by the UKGC is ridiculous, happy to ban use of credit cards partly because gambling without funds already in place is deemed unacceptable, yet UKGC are happy for Bookmakers to take bets without sufficient funds to pay out on those bets should they win. The UKGC still fail to understand their role as regulator, they have been put in place to serve the consumer and look out for their rights, not the bookmakers!

Jimmy Justice
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Re: Credit Card Betting

Post by Jimmy Justice » Fri Jan 17, 2020 9:33 am

Interesting angle I'd never thought of and true. I think there are only two UK licensed bookmakers that truly guarantee the safety of customer funds. I have to admit I haven't looked for awhile, but I seem to remember it was Bet365 and Betfair. I might be wrong?

JJ

mick
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Re: Credit Card Betting

Post by mick » Fri Jan 17, 2020 11:48 am

I have much sympathy for those who have become problem gamblers, but i am not and although i think its very unlikely that i would bet via a credit card an all in ban does remove the option for those who would do so within there means. The OP makes a good point but these days there is another version often in play when we dare to attempt to with draw winnings from a new account and an OTT verification process is implemented to delay or prevent this..........problem bookmakers.?

Jimmy Justice
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Re: Credit Card Betting

Post by Jimmy Justice » Sun Jan 19, 2020 10:55 am

As I think everyone knows, due to a couple of 'spats' on Twitter, J4P is pro the credit card ban, but we do respect that banning things isn't usually good policy.

In fact there was no need for a ban if the gambling companies had been willing to investigate big losing customers like they do those who win and try to withdraw, as you point out.

The credit card ban is the gambling companies fault, because they can't be trusted to complete their ID and source of funds checks appropriately. They target 'winners' much more harshly than those who lose a great deal.

JJ

mick
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Re: Credit Card Betting

Post by mick » Sun Jan 19, 2020 12:53 pm

Jimmy i agree and your concise "can't be trusted" well sums up across the board the current sorry state of affairs.

dealer wins
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Re: Credit Card Betting

Post by dealer wins » Mon Jan 20, 2020 12:53 pm

I am also against "banning" things as a rule, but I do see some merit to this ban. However, there is nothing to stop that same person going to a cashpoint and then into a bookie/casino if they are that way inclined.

I am still of the belief of personal responsibility, which seems to be becoming less and less, with banning things and people blaming anything but themselves for everything these days.

Jimmy Justice
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Re: Credit Card Betting

Post by Jimmy Justice » Tue Jan 21, 2020 9:26 am

Personal responsibility is extremely important. However, there is a joint responsibility for gambling companies to provide their services, which are addictive for some, in a responsible way.

Over the last 4-years I've had lots of contact with those who have a gambling disorder and I would never try to propose simple answers to a very complex and individual problem, however there is a general theme where people say being given time to think can be important. So, decreasing ways to deposit may help (a little), just like the £2 stake on FOBTs may and reducing speed of play.

It's a very complex jigsaw and the person themselves is central to everything, so yes personal responsibility is very important.

JJ

dealer wins
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Re: Credit Card Betting

Post by dealer wins » Thu Jan 23, 2020 12:38 pm

I think the best thing, would be to have a self exclusion that would work within 24 across every UK licenced online casino, and land based casinos. This could also be extended to bookmakers with everyone being made to ID themselves and use a membership card when placing bets or using the FOBTs etc.

It still wouldn't stop the absolutely determined gambler, and would probably send some to unregulated operators, but it would stop most people from gambling once they self excluded

Jimmy Justice
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Re: Credit Card Betting

Post by Jimmy Justice » Thu Jan 23, 2020 3:35 pm

It would really help.

JJ

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