Online sport betting

Online sport betting

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43034

2,963 posts

167 months

Wednesday 7th October 2015
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Sarnie said:
Standard requirements is usually up to 3 months personal salary fed statements. It's very rare for a lender to ask for more than six months, if you are self employed they may ask for six months business bank statements.....

It's worth nothing that there are still actually lenders who don't ask for ANY bank statements............. smile
Interesting. Thanks for the reply. smile

Beni997

390 posts

110 months

Monday 12th October 2015
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It's very simple if you can afford to lose the money you are staking and it doesn't affect your day to day living carry on. I guess that you've felt the need to open a thread about it on the internet suggests it is affecting you so my advise to you as a pretty big gambler is to either stop altogether or reduce your stakes.

If you are placing these bets online you can actually get the bookmaker to remove yourself from betting with them for a period of time and once you've done that it can't be altered.

Just like you I started with the occasional £5 bet years ago but it's not infrequent that I stake £300-500 single bets. I generally gamble around 2k at weekends but it's not an issue but if it was I could stop .


iphonedyou

9,234 posts

156 months

Tuesday 13th October 2015
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Ozzie Osmond said:
If the punters who claim to be "winners" were telling the truth, wouldn't they give up their day-jobs and use their skills to become bookies instead? In reality they make a lot of noise when they get an occasional win but, over time, are still losing.
No. It's simple when you think about it. Let's take my cousin's husband as an example. Decent job in the regions, let's say £40k per year salary. He wins about £2k per year, every year, I've seen the sheets and he's explicit about his ante posts so isn't hiding anything.

He isn't going to give up his day job despite winning money year on year, because it's a pittance relative to salary and he isn't bankrolled to increase his stakes, and certainly isn't bankrolled to become a bookmaker.


Hoofy

76,253 posts

281 months

Tuesday 13th October 2015
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Ozzie Osmond said:
£10 x 1,000 = £10,000 gambled. Over that number of spins you would get the calculated odds which dictate that you lose 1/37th of your money.
The gambling session will therefore cost 1/37th of £10,000 which leaves you £270 out of pocket.

But don't do it in USA! They have both a "0" and a "00" on the wheel meaning you will lose 1/19th of your money. i.e. 2/38.
So in Las Vegas the same session of roulette would cost you £526. A huge difference!

BUT WATCH OUT FOR THIS. Assuming you start with £100 in your pocket and make the £10 bets you will have lost ALL of your money long before you get to the 1,000th spin! Each spin costs you 27p i.e. 1/37th of £10. £100 divided by 27p means you will run out of money at about 350 spins... frown Or even sooner in Las Vegas at only about 200 spins.
BUT WHAT IF YOU WIN ON THE FIRST SPIN??????????? YOU HAVEN'T THOUGHT OF THAT ONE!!!!!!!

walm

10,609 posts

201 months

Wednesday 14th October 2015
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OP - most of the bookies have a facility known as self-exclusion which shuts down your accounts for a set period.
You can obviously get round this but it might help a little.
http://helpcentre.ladbrokes.com/app/answers/detail...

dai1983

2,902 posts

148 months

Thursday 15th October 2015
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I started betting last year as a lot of my mates at work were talking about it. For me it made football more interesting and I made a couple of £300plus wins. I did loose £100 in one week so decided to give it a rest.

I now do matched betting and have accumulated a float of just over £1000. It would have been £1500-2000 but I did have a few slip ups and do some "mug" betting. I now try and make a profit every week which rules out gambling. I make on average £40-120 per week and I'm not exactly canning it!

Stevemr

540 posts

155 months

Friday 16th October 2015
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Just to reinforce what Sarnie was saying, I have had 3 mortgage apps declined this year so far, due to online betting, at the moment some lenders do not mind, some as Sarnie says do not take statements, some its a complete no no, and some its a no go if you bet when you go overdrawn, even within an agreed limit.

UK345

Original Poster:

441 posts

157 months

Saturday 5th December 2015
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Thanks for replies it is much appreciated. I have now set a £5 limit per week on my account. Much happier doing it that way plus it means i can discipline myself. I am still £93 in the red but at least i wont up hundreds in the red.

With regards to the mortgage applications, i have two bank accounts and only use one on betting sites so i should be okay there.

Adam B

27,142 posts

253 months

Sunday 6th December 2015
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Sarnie said:
It's worth nothing that there are still actually lenders who don't ask for ANY bank statements............. smile
Sounds crazy - can you say who?

Willlll

105 posts

125 months

Sunday 6th December 2015
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Bloody hell. Didn't know it could effect a mortgage application.

I play online slots a bit just for funsies. Some months, disregarding the withdrawals, it could look like a couple of hundred pound habit.

Analyzing my habit I know I loose. On average its probably £20-£30 a month. But I like the entertainment and there's always the chance I could have a big win.

Ynox

1,702 posts

178 months

Tuesday 8th December 2015
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UK345 said:
With regards to the mortgage applications, i have two bank accounts and only use one on betting sites so i should be okay there.
HSBC wanted statements from ALL accounts when I applied for a mortgage at the start of this year. Your mileage may vary though.

I've also heard about people having problems with mortgages when they've been doing matched betting.

UK345

Original Poster:

441 posts

157 months

Sunday 27th December 2015
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Ynox said:
HSBC wanted statements from ALL accounts when I applied for a mortgage at the start of this year. Your mileage may vary though.

I've also heard about people having problems with mortgages when they've been doing matched betting.
I am now only £24.77 in the red after having a great win last week of £90.

With regards to mortgages, how far back do the banks look ? If i was to change my bank account would they still be able to see the transactions to the bookies ?

Ynox

1,702 posts

178 months

Wednesday 30th December 2015
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Think it was either 3 or 6 months.
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