Just to let ppl know that might be using this. Gambling extensions are not allowed on the chrome webstore. So further updates to my extension will not be happening.
🧵1/11 In the coming days the Gambling Commission board will decide on the roll out of enhanced financial risk (affordability) checks.
Does the board have the market knowledge to assess the consequences of the policy on crime, fairness in gambling and protecting the vulnerable?
@chrisgambler247@aluckyaday@RishiPersad1@SenseiChanning I understand the consequences!
But it’s not a case of nannying individuals. The regulations are for the big companies to follow. There is no nannying of grown adults.
@chrisgambler247@aluckyaday@RishiPersad1@SenseiChanning Alcohol industry and food industry and shopping all highly regulated, just as gambling is. It just looks different.
Nobody nannying the adult customers. The regulations are on the companies.
@chrisgambler247@aluckyaday@RishiPersad1@SenseiChanning Different problems. Different solutions.
One of the key signs of problem gambling and key harms is spending what you can’t afford to lose. So affordability is an obvious thing to try. Not saying it is the right solution, but makes sense it’s first place they looked.
@oranje_1979 Why you sharing stuff like this. There is no context. The account that you took it off is retweeting pics of angry monkeys. They are clearly intent on spreading hate, not truth.
@a_kane47 What laws would eradicate the model?
And do betdaq, betfair, smarkets and matchbook follow the same rules as sportsbooks in other jurisdictions?
@12Xpert@aluckyaday https://t.co/ZWnfLj8w06
I did some sims on this a few years ago. Best team won the league only 68% of the time, won the cup 30% of the time.
Designed an ELO Style League format to improve accuracy and the best team won 78% of the time,
@12Xpert@aluckyaday Its down to why you run a competition in the first place.
Is it to find the best team?
Is it for entertainment/thrill?
Is it so rich clubs can find low risk ways of making more money?
Cant beat the thrill of a cup knockout competition!
@chrisgambler247@oranje_1979 I do like this, I would combine it with education on the app - mandatory onboarding before you can load your account.
But one of the behaviours that could be a marker of harm could be spending related and affordability related and bring you back to what you’re trying to avoid.
Two years ago I approached several State Regulators offering to provide our educational content to state Sportsbook operators and customers for free.
The message was strongly rejected for two reasons:
1. A more educated customer means less profits for operators - which is what really matters. (They actually said this.)
2. Regulators do not want bettors to “think they can win” because it will cause an increase in problem gambling.
The proposal was intended for responsible gaming. It would teach customers basic concepts- like hold percentage, how to read odds, how to calculate hold for parlays.
The material would prevent problem gambling by allowing bettors to know they are getting ripped off by SGPs and similar products at sportsbooks.
That’s why regulators don’t want bettors education.
As a last ditch backdoor effort, I mentioned how educating bettors doesn’t necessarily mean less profits for operators.
When card counting became popular, blackjack became the most popular game in the casino and casino profits increased. How?
Not because the players learned how to count cards but because they thought they had learned how to count cards.
The difference between theory and practice.
This gave one regulator a “brilliant” idea. She suggested:
Sports betting is 90%+ male dominated so we’re missing half the market. If we can market the education to women so they start to think they could win at betting, then we’ll double the market size and generate more profits and tax revenue.
At that point I realized how corrupted and compromised (knowingly or unknowingly) many of the regulators are.
Glad to work with @bettorsvoice to improve the industry for all bettors.
@SmSportstrader@BetfairCS They started to change the rules a year ago. I’d also be interested in why. Most the player markets in the main leagues are void if not in XI but smaller competitions still the old rules.
Maybe to generate liquidity removing the team news risk so markets can trade in morning?
"The idea of a white male billionaire from England, living in Monaco for tax purposes, stigmatising migrants and welfare recipients and suggesting they're at the root of the UK's problems, is lazy, and it's offensive and it's depressing... It's also completely wrong" - Conor Pope reacts to Man Utd co-owner Jim Ratcliffe saying the UK has been 'colonised by immigrants'.
Ratcliffe made the comment in an interview with Sky News, in which he said: "You can't have an economy with nine million people on benefits and huge levels of immigrants coming in...I mean, the UK has been colonised. It's costing too much money".
Having received backlash over his comments, the billionaire released a statement on Thursday: "I am sorry that my choice of language has offended some people in the UK and Europe".
🎧For the full story, listen back to The Claire Byrne Show now.
Migrant himself in a tax haven, co-owner of a British football team of migrant stars and spouting race-baiting bigotry on false figures.
Jim Ratcliffe, the Brexiteer who fled Britain after collecting a knighthood, is a nasty hypocrite inciting hate.
https://t.co/eKBgrCK0dS
@aluckyaday@stevenctilley@Stephen28842045@HbfBritain More than likely unless you can spin that it is not related to gambling - horses or maths? I tried hard to reword it in a way that distanced it from gambling. But they kept rejecting.