Betting on F1

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Discussion

JohnMcL

Original Poster:

132 posts

87 months

Thursday 6th December 2018
quotequote all
How is this going to go down? Will Liberty see itself as included or exempt in the UK? Quotes from BBC News.
The Remote Gambling Association (RGA), which includes Bet365, Ladbrokes and Paddy Power, has struck a deal to stop adverts during live sports broadcasts.
Horse racing will be exempt from the restrictions - given the commercial importance of gambling on its viability - but all other sports will be included.
The deal follows extensive talks between firms - also including SkyBet, Betfred, Betfair, Stan James, Gala Coral and William Hill - to ensure no adverts will be broadcast for a defined period before and after a game is broadcast.

sgtBerbatov

1,563 posts

25 months

Thursday 6th December 2018
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JohnMcL said:
Horse racing will be exempt from the restrictions - given the commercial importance of gambling on its viability
Because quite frankly, unless you get a kick from statistics, Horse Racing is more boring than watching Magnolia paint dry in the dark without betting. But that's by the by.

From my understanding, the advertising is to stop during live matches. That to me means that you could still see them before and after the match. Plus, really, unless you're watching ITV versions of F1 there'll be no gambling adverts during the race.

StevieBee

7,808 posts

199 months

Friday 7th December 2018
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The RGA deal applies only to the UK.

F1 is a global sport. Many other countries, notably China, are avid gamblers and Liberty's ambition is to expand interest in those markets that are currently dominated by gambling-centric sports.

Likes Fast Cars

2,577 posts

109 months

Friday 7th December 2018
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Wonder when dodgy deals and race result fixes will happen .... oh yeah, Alonso has gone so less chance of that now.

StevieBee

7,808 posts

199 months

Friday 7th December 2018
quotequote all
Likes Fast Cars said:
Wonder when dodgy deals and race result fixes will happen .... oh yeah, Alonso has gone so less chance of that now.
I think it unlikely that wins and top threes will be affected by this. Where it could crop up is on those sorts of bets that offer odds on the first driver to crash out on what lap and similar.

Kraken

1,072 posts

144 months

Friday 7th December 2018
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I've been betting on F1 for years via Betfair.

abzmike

1,285 posts

50 months

Friday 7th December 2018
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The ban is on TV adverts during an event - Whistle to whistle in football for example. As there are no ad breaks in F1 it won't have any effect. I don't think there is any suggestion short (or car) betting company sponsorship is to be banned - Half the teams in the PL and Championship have gambling shirt sponsors.

turbomoped

831 posts

27 months

Friday 7th December 2018
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Pretty much all liberty have brought to f1 so far. Take advantage of weak willed people with addictions. Makes Bernie look like a saint.

bakerstreet

4,151 posts

109 months

Sunday 16th December 2018
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turbomoped said:
Pretty much all liberty have brought to f1 so far. Take advantage of weak willed people with addictions. Makes Bernie look like a saint.
Whats your point?

Gambling is highly regulated in this country and there are numerous automated and human intervention reconstructions put in place by the big companies

Problem with gambling? Use self exclusion and if a company markets to you and you excluded your self from gambling, then the fines can be huge.

If memory serves gambling companies can only advertise in this country beyond the watershed (9pm)

chunder27

2,309 posts

152 months

Sunday 16th December 2018
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Highly regulated is it?

Thousands of kids have access to betting companies on their smartphones! Anyone can walk in or go online and place a bet if they know how to.

that is not regulated, it's a free for all and like drinking a totally addictive and very dangerous activity.

The sheer fact kids can access betting companies on phones is far more scary to me that many other things.

there is little you can do to stop it other than, hey, get rid of online betting. Wouldn't that be a step forward.

StevieBee

7,808 posts

199 months

Monday 17th December 2018
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chunder27 said:
Highly regulated is it?
It is highly regulated.

The issue is enforcing that regulation.


Mark-C

3,034 posts

149 months

Monday 17th December 2018
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StevieBee said:
chunder27 said:
Highly regulated is it?
It is highly regulated.

The issue is enforcing that regulation.
"Subject to regulation but not highly regulated" ... as we used to say in the Sub-prime Mortgage business way back when biggrin

rdjohn

3,558 posts

139 months

Monday 17th December 2018
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Presumably the wonky graphics that so upset JonChalk are part of boosting the online betting opportunities.

%age chance of an overtake looks like a good way of setting odds for a manoeuvre being pulled off. This is probably why they are so keen to boost overtaking chances in 2019.

thegreenhell

5,998 posts

163 months

Monday 17th December 2018
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bakerstreet said:
If memory serves gambling companies can only advertise in this country beyond the watershed (9pm)
Seems to be non-stop gambling ads all day long on Sky. Every break in the cricket has at least one gambling ad.

bakerstreet

4,151 posts

109 months

Sunday 30th December 2018
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chunder27 said:
Highly regulated is it?

Thousands of kids have access to betting companies on their smartphones! Anyone can walk in or go online and place a bet if they know how to.

that is not regulated, it's a free for all and like drinking a totally addictive and very dangerous activity.

The sheer fact kids can access betting companies on phones is far more scary to me that many other things.

there is little you can do to stop it other than, hey, get rid of online betting. Wouldn't that be a step forward.
I can assure it is highly regulated, but still very difficult to enforce.

'How do you know'? Well, lets just say I work in the industry and I have built a game that was advertised at a national level and that had regulation from no less than two organisations and at the same time you had to follow the rules of the network providers and if you didn't you could be thrown off their platform.

The fines that the Gambling Commission can dish out can be in the millions. Ask 888?

Up till August of 2017, Google didn't even allow gambling apps on their play store, so people had to side load it onto their phones and even then you have to get through their age verification and there is is only so much you can do there, but technology is advancing and passport and drivers license upload will be quite common in the next couple of years.

As for stopping people in the street, we spend a considerable sum on brand ambassadors who check each retailer for compliance (Age checking and construct). Rules are strict on the age signage.

Our business is also compliance lead. We do absolutely nothing unless its compliant and our lawyer is considered to be one of leading experts in Gambling in Europe (His hourly rate is staggering)

Think the Gambling Commission doesn't have any power? Well, who do you think is running the bid for the next company who is running the National Lottery Bid? Thats a business that is worth £7billion to the winning bidder.