Bookmakers and general Money Laundering on the Dark Web

They do BOG on multiples in Ladbrokes shops during certain times of the day. Think it’s between 11am and 1pm.

They used to in pp.

I assume theres a program that looks at the bookies least liability once the race is off and that horse/dog/racing wins?

They got rid of the money back as a free bet if one loser in football accas too the cunts

Check bgt think they still do it

Who’s that pal?

One of the owners of the horse “Louis Vac Pouch” doesn’t seem to grasp the concept of a run runner effecting his payout on his bet.

He takes the 18/1.
There was a non runer which sees Louis Vac Pouch go from 1/4 to 1/16 SP. A 90p rule 4 deduction.

He still thinks he deserves to get paid out @ 18/1 :rofl::rofl::rofl:

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Gambling watchdog will get power to lay seven-figure fines, says minister David Stanton

Minister to bring proposals on tackling ‘dramatically’ changed online industry

Stephen O’Brien, Political Editor

March 3 2019, 12:01am, The Sunday Times

Ireland is one of the few remaining EU countries without an independent gambling regulator to shut down rogue operators

Ireland is one of the few remaining EU countries without an independent gambling regulator to shut down rogue operatorsEPA

Ireland’s gambling regulator will be able to levy millions of euros in fines on bookmakers and casinos that break new betting laws being planned by the government, according to junior justice minister David Stanton.

He is bringing proposals to government later this month for an independent gambling regulatory authority with up to 100 staff. It will have the power to impose massive fines on firms that fail to prevent money laundering or protect vulnerable gamblers, such as underage players and those with a gambling addiction.

The minister said Ireland had an €8bn gambling industry but was one of the few remaining EU countries without an independent regulator to shut down rogue operators and enforce best practice by gambling businesses.

“The regulator will have to be able to impose penalties that are strong enough to have an impact,” Stanton told The Sunday Times. “In Britain, where various parts of the industry stepped over the line, they were fined millions. The Irish gambling regulator must be in a position to impose sanctions with a real impact, otherwise these people just take the hit and carry on.”

Britain’s Gambling Commission issued penalties exceeding €20m in the 12 months to the end of March 2018. These followed inquiries into money laundering, unfair terms and practices, self- exclusion by problem gamblers, and marketing and advertising offences.

The penalties included a €9m fine for online casino 888.com after 7,000 customers who had voluntarily banned themselves were still able to access their accounts. William Hill bookmakers was fined €7.2m for failing to protect vulnerable users and prevent money laundering. In November, three smaller firms were hit with combined penalties and settlements of €16.2m for failing to have proper controls.

Officers from the UK Gambling Commission visited Ireland last year for talks with Stanton and his officials, while the Department of Justice met gambling regulators in France and Malta, which has a particularly strong regime.

“I am passionate and impatient about putting a tough independent gambling regulator in place without undue delay, but it is a major piece of legislative work,” said Stanton. “I hope government will give me permission and resources this month to draft the heads of a bill based on our report.”

Junior justice minister David Stanton has plans for a new gambling regulatorROLLINGNEWS.IE

Stanton has chaired an interdepartmental group for the past year that is finalising a report on the powers required by an effective regulator. If approved by cabinet, as expected, the gambling regulator will:

•Set the minimum payout ratio for slot machines and online casino games, and verify that gambling firms are paying out what they claim

•Put an opt-out system in place for problem gamblers who want to ensure no bookie or casino will allow them to bet

•Force bookies to pay out on valid winning bets, and prevent them from placing “caps” on wagers from “successful” gamblers

•Ban gambling advertising before the TV watershed

•Encourage licensed firms to abandon bad practices such as “live odds” in half-time TV advertising during big soccer and rugby matches.

Stanton said some practices would be difficult to ban in law, particularly when they are “beamed in” by satellite from other jurisdictions. “We may need to look at this from a pan-European point of view and I’d be interested in going that route, but we need to get a regulator up and running and start engaging with Europe at this level,” he said.

He told the Seanad: “We apply a mid-20th century approach to gambling activities that have changed dramatically in nature, that are increasingly digital and conducted online. As the gambling industry changes, so must the state’s licensing and regulatory approach. We need a modern regulatory approach that will enhance consumer protection in all forms of gambling, increase the protection of vulnerable persons, and potentially increase exchequer revenue.

“Potential restrictions on gambling advertising and sponsorship must be carefully considered, targeted and effective, but sectors of Irish sporting activity that depend heavily on advertising and sponsorship would risk being negatively impacted by restrictive measures if they were introduced quickly.”

888Sport are after buying BetBright and BetBright have ceased trading as of today.

As a result any accounts you have will remain open for 30 days so you can withdraw any balances. Any bets including Antepost bets for Cheltenham will be voided :upside_down_face:

Bought for 15 million. I’d say there’s a fair few investors who lost out on that.

Was that the one Rich Richie was involved in?

Yes sir

Dedsert’s directors include Dublin twins Richard and Marcus Brennan and Tadgh O’Toole, who all have a background in telecoms. The most recent accounts available for Dedsert Ireland show that it was more than €18 million in the red at the end of 2017. The company owed creditors almost €22 million while it had €3.6 million in assets. Its liabilities included almost €14.8 million due to related companies Modeva and Kelfast.

That is some dick move. Surely they’d be better off standing over the bets as they’ll have the book priced that they’ll be winners regardless? Or maybe they don’t and that’s why they are closing :smiley:

Why would 888 buy it and not keep it open (as in just merge it to their platform)? Seems strange to me that you are buying a book of customers and then getting rid of them. :thinking:
Have they some fancy tech or what are 888 paying for?

I think betbright have some good tech. 888 wouldn’t be paying for their base of customers, which would be low as everyone has been closed with them who backed a winner or mover.

https://twitter.com/boycottbetfred/status/1102949316338089985?s=21

Was that why they couldn’t make any money do you reckon? Or is it just a really saturated market.

They were VC backed and wouldn’t spend big on marketing. They believed their tech was their USP so it was always set up to be sold. 888 don’t give a shit about the customer base they’re buying, they’re just paying for the tech that BB built from scratch.

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I suspect their advertising budget and brand name might not have been big enough to attract the sort of big staking whales the top bookies would all have. You can only go so far with Mickey mouse two bit punters, you need those wealthy lemmings betting with you. This is a guess of course but I just imagine they wouldn’t be competing with the others for this sort of turnover.

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Bookmaking is probably 90% marketing at this stage.