General Problems

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nick
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General Problems

Post by nick » Mon Mar 16, 2020 7:01 pm

Given there will very soon be absolutely nothing for us to bet on, it may be prudent not to leave balances with on-line firms. I can foresee problems with withdrawal requests, if not already, then in the very near future.

It may not seem very public-spirited to withdraw funds at this time, but it's conceivable that when the coronavirus crisis has eventually receded there may hardly be any bookies remaining! I do not feel sufficiently charitable towards our bookmakers in the light of all their restrictions to punters over recent years.

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harry_rag
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Re: General Problems

Post by harry_rag » Mon Mar 16, 2020 7:40 pm

Been doing a bit of this today, though been leaving around £50 in most places so far. Are you going to zero Nick?

Article here details which firms offer high, medium and no protection to customer funds. Betfred for one offer no protection by segregating customer funds so if they go bump then get to the back of the queue of creditors. I did once lose funds with a firm called Bowmans if anyone remembers them (pre internet days). They flourished briefly by regularly offering top price in the RP price tables but went belly up and took punters’ dosh with them.

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nick
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Re: General Problems

Post by nick » Mon Mar 16, 2020 7:56 pm

Yep, zero, Harry. I've even cleared my Sporting Index balance twice over the last 3 days.

I remember losing a few quid when Sporting Options (I think that was the name) went tits up and also a small amount when a dedicated golfing bookie went under (can't recall the name). I have never kept any serious balances floating (except with Betfair when I started gambling as a job about 14 years ago, but I stopped that too especially when Paddys took over the reins).

I do have sympathy for the traders, but I have been so hacked off with the attitude of firms like Hills, Betfred, Victor, Ladbrokes, Boyles, Sean Graham, Paddy Power, Sportingbet etc over recent years that I have no compunction whatsoever in thinking purely selfishly.

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Col
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Re: General Problems

Post by Col » Mon Mar 16, 2020 8:04 pm

Yeah, makes perfect sense in this climate Nick. :thumbs

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harry_rag
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Re: General Problems

Post by harry_rag » Mon Mar 16, 2020 8:09 pm

Here’s the article by the way! :>


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harry_rag
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Re: General Problems

Post by harry_rag » Wed Mar 18, 2020 1:14 pm

Just catching up with the rest of my accounts now. If I want to withdraw the money I've got with Sporting Bet I've got to deposit first as I haven't made a deposit in over 6 months! {8 I assume that's a longstanding rule and will probably stick a tenner in then withdraw the lot.

I'm only a small amount up or down with either spread firm so no need for any action there. I've got over £900 profit with SX but can't touch that as it all relates to long term markets that are currently suspended (largely sells of total penalties awarded in the Premier League and kicking metres in the 6 Nations). I guess it will be a while before I know how either of those markets are going to be settled and how much of that potential profit will actually be realised! *,

In the absence of anything worth betting on I'm planning some detailed analysis of my selling activity, by price and by sport/market. Early indications are that I might raise the minimum sell price from 20 to 25 as the lower prices don't seem to be that profitable. 24 is a freakishly profitable price to sell at but I'm inclined to assume that's a statistical anomaly when all of the prices round it do so much worse. Might as well fill some of the enforced spare time with worthwhile study of past results, on the assumption that we eventually get back to something approaching normality.

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Matt
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Re: General Problems

Post by Matt » Thu Mar 19, 2020 10:48 am

I've emptied all my accounts, but that didn't take long as I only have money with SX, SPIN & Betfair.

I'm not particularly worried about the financial state of those companies but as it is a reasonable amount of money to me then I feel more comfortable with it in my bank account.

Best wishes to all.

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harry_rag
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Re: General Problems

Post by harry_rag » Thu Mar 19, 2020 5:23 pm

harry_rag wrote:
Thu Mar 19, 2020 5:04 pm
Also in that game I backed Cody Walker anytime at 13/5 with PP for what I could get on (now cut to 21/10) and topped up at 5/2 with Fred. Also took what I could get on him scoring a brace at 11/1 Skybet and 10/1 PP. So little to bet on but not stopping the bookies applying their piddling little limits!
8(: You have to laugh I suppose. Find something to bet on in current climate, try to get £25 at 13/5 and get offered £9.60. Wouldn't normally bother but thought I'd take Paddy up on the suggestion to ring up and ask for "more please, sir". Speak to a perfectly pleasant Spanish sounding lady and, after a few stumbles, we get through my account details and the bet I want to place. Goes away to have a word with the traders, leaves me on hold for a while. Not a ridiculous amount of time but longer than you'd accept as efficient. Comes back and offers me the original £9.60 at 13/5 and I can have the rest at 2/1! :lol

I take the £9.60 I could have accepted in the first place and top up at 5/2 elsewhere. (Had I noticed a couple of firms with such a close next best price I probably wouldn't have bothered to ring and I won't be rushing to do it again.) Paddy promptly cut the price on their site from 13/5 to 21/10. Seems a bit drastic on the back of my modest punt when 5/2 is still readily available elsewhere. To cap it all, I decide to stick a fiver on the brace at 11/1 with Skybet and get limited to £2.27 so have to top that up with the £2.50 PP would allow me at 10/1.

I must be a hell of a lot shrewder than I think I am, and the bookies must still be doing so much business that's it's not worth their while to consider relaxing their sometimes laughable limits.

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Col
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Re: General Problems

Post by Col » Thu Mar 19, 2020 5:55 pm

:lol :lol

It's fcukin ridiculous. 8]

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Col
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Re: General Problems

Post by Col » Sun Mar 22, 2020 9:02 am

William Hill have closed all their shops with immediate effect.

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nick
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Re: General Problems

Post by nick » Sun Mar 22, 2020 11:26 am

Col wrote:
Thu Mar 19, 2020 5:55 pm
:lol :lol

It's fcukin ridiculous. 8]
Yes it's utterly mindless. Anyone with any sense at Paddys would hardly think that a bet of £25 at odds of 13/5 on an Aussie rugby league player that 99% of their regular punters (if they have any left) had never even heard of could somehow damage their business operation.

I was a Hills customer for well over 40 years as they were my first telephone account back in the 1970's. I had always had no particular problems with them until about 12 months ago when I received the dreaded e-mail.

Now, for example, I can't get more than £1.50 with them on a winning distances horse racing bet at odds below 5/2. You'd think in the current climate the bookies would be desperate to keep business flowing and relax their ludicrous restrictions to some extent - at least on certain markets that cannot be manipulated or arbed.

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