if you have money in a uk bookie get it out now

[ghost22]

im reading multiple storys on betfair forum  of peoples winning bets being cancelled , stakes being returned , no explanations   it dont look good . take your wonga out now if you can .

[Mentholdan]

12 minutes ago, ghost22 said:

im reading multiple storys on betfair forum  of peoples winning bets being cancelled , stakes being returned , no explanations   it dont look good . take your wonga out now if you can .

I don't often use bad language, but sounds like a load of bollocks to me. 

Bookies cannot just make up their own rules. 

[ghost22]

dont shoot the messenger m8 , check out the betfair horseracing forum . all sorts of madness going on 

[Mentholdan]

36 minutes ago, ghost22 said:

dont shoot the messenger m8 , check out the betfair horseracing forum . all sorts of madness going on 

😁😁😁 No worries, just pulling your chain. I wouldn't be surprised if its punters phoning up with their unclaimed slips expecting the bookies to pay it into their bank accounts. 

[DaveM]

If life has taught me one thing it is the world would be a better place if Betfair Forums didn't exist. Awful place full of bullshitters

[ghost22]

i hate to say i warned you guys but 

 

Talking Horses: How safe is the money in your online betting account?

Horseracing Bettors Forum warns punters that not all bookmakers guarantee the money in online accounts if they go under

With all European racing and most global racing and sport likely to be suspended for many weeks as a result of the coronavirus pandemic, the Horseracing Bettors Forum, an independent body representing punters’ interests, has warned bookmakers’ customers to make sure that any money they have deposited with online bookies will be protected if the firm goes under.

HBF issued an updated version of its Register of Protection of Funds on Thursday, which highlights the surprising degree to which internet gambling firms vary in the approach to ring-fencing deposits from customers. Using the different companies’ own Terms & Conditions (T&Cs), HBF highlights 23 where deposits are “Not Protected” according to a definition supplied by the Gambling Commission, which regulates all UK gambling operators.

Racing Post to temporarily suspend publication of print edition

 

 

Read more

BetFred, one of the most familiar brands in UK betting, is typical of these. In its Terms & Conditions regarding “Segregation of Funds”, the firm notes that “our licence from the Gambling Commission … requires that we inform customers about what happens to money that we hold on account for you in the event of insolvency”.

It continues: “Under the current Gambling Commission’s insolvency rating system your funds are not protected. Customer funds are kept in accounts separate from company accounts, but they would form part of the assets of the business in the event of insolvency.”

Other firms where funds are defined as “Not Protected” include the Tote, Marathon Bet, SportNation and BetHard, whose prices often feature on the popular odds-comparison site Oddschecker.

Talking Horses: Devon Loch bellyflop remains a mystery after 64 years

 

 

Read more

While many punters may be astonished to discover that the Gambling Commission allows deposits to be seen as part of a bookmakers’ assets for insolvency purposes, HBF also points out that eight firms fulfil the GC’s definition of a “High” level of protection for funds: Betfair (Sportsbook and Exchange), BetStars, BetVictor, Betway, Coral, Paddy Power and Smarkets, a betting exchange. As Betfair’s T&Cs confirm, “in the unlikely event that Betfair … becomes subject to any insolvency proceedings, then your money will not be available to administrators/liquidators and so you will be able to withdraw your money from your account as normal”.

The remaining 33 firms on HBF’s list meet the Gambling Commission’s definition of “Medium” protection for funds, under which deposits are held in a separate account but the company offers “no absolute guarantee that all funds will be repaid”.

“In these extraordinary times, each day the coronavirus crisis continues, the likelihood of bookmakers going bust increases,” Colin Hord, the HBF’s chair, said on Thursday.

“For some bettors, this could mean that their hard-earned money is lost for good. While we can do all we can to urge bettors to reduce or move their funds to an account that offers “High Protection”, we believe that in this day, bookmakers should no longer be stating on their terms and conditions that there is no guarantee their funds will be returned.”

https://www.theguardian.com/sport/2020/mar/27/talking-horses-how-safe-is-money-in-your-online-betting-account

 

a few spanners in the works there 

[ghost22]

HBF Register of Protection of Funds

In accordance with point 1 in the December 2017 version of the Betting Charter – “Advanced protection of punters’ funds” – HBF has established a Register of the degree of protection of funds being claimed by various betting companies.

Details of the Gambling Commission’s categorisation in this area are given on that organisation’s website: http://www.gamblingcommission.gov.uk/for-the-public/Your-rights/Protection-of-customer-funds.aspx. The summary of those categories may be found below.

It should be noted that the Gambling Commission leaves it to the companies in question to decide which category they fall into, but that they may check the accuracy of this self-assessment.

Customers are advised to read the relevant T&Cs and satisfy themselves that the company in question is providing the level of service it claims.

HBF conducted an audit of a number of the more prominent betting organisations and the level of protection they claim. In the absence of any indication to the contrary, HBF has reported that self-assessment.

In the Charter, HBF asked that companies offer “medium” or “high” protection of customer funds. It has indicated where that has been claimed, and where it has not, in the accompanying Register.

Companies which do not feature on the Register are invited to contact HBF at comments@ukhbf.org if they seek inclusion. Companies which alter their level of protection are also invited to contact HBF with that information.

All details are, to HBF’s best knowledge, correct at the date of audit. HBF cannot be held liable for any errors, or for updates which occur subsequent to the date of audit.

HBF hopes to expand this Register in time and to revisit the details in it on occasion.

Updated February 2020

THE THREE LEVELS OF PROTECTION

In the table below, 0=Not Protected, 1=Medium, 2=High

N.B. All information is as reported on that company’s website at the date of audit. HBF cannot be held liable for errors, or for updates subsequent to the date of audit. Any such should be drawn to HBF’s attention.

 

 

In the below table, ‘Medium’ in red font denotes that these bookmakers state in their T&Cs that they cannot absolutely guarantee that all funds will be repaid.

[Mentholdan]

If you bet with the big high Street bookies your money is safe as houses regarding unclaimed bets in shops. 

The online casinos are still working as usual, money in and out etc. 

I just can't see how anybody on this forum should be worried about losing any money, I really can't. 

I then start to think that maybe the Tony Blooms of this world might have a cause to worry but then again people like him are far too shrewd and far to wealthy too worry. 

Realistically, the only people who should be worried are the employees of the above company's. 

I doubt very much "judging by the posts I read" nobody on this forum is "major league" when it comes to gambling, mostly your average Joe's with similar interests and betting limits. 

[ghost22]

a few on here would use leo vegas dan  , just be aware guys till this bollox is over , i think theres a time limit on unclaimed bets with some firms but im in northern ireland so the rules may be different over here , does having twenty lids on champ in the rsa make me major league ? 😎