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'"Gambling Introductory Offer Loopholes board" –consultation results' blog discussion

Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
in Martin's blogs & appearances & MSE in the news
This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.


Read Martin's ""Gambling Introductory Offer Loopholes board" – consultation results" Blog.


Please click 'post reply' to discuss below.
«13

Comments

  • fattyamal
    fattyamal Posts: 195 Forumite
    Part of the Furniture
    Happy that it is remaining open! Seems a decent compromise to me.
    Now, I must stop lurking and contribute more..
  • weegie.geek
    weegie.geek Posts: 3,432 Forumite
    I'm just getting back into MBing after a few years away from it, so it's good to see that this section will remain. Adding safeguards can only help the new guys and the oldies who've forgotten everything like me. :)
    They say it's genetic, they say he can't help it, they say you can catch it - but sometimes you're born with it
  • schiff
    schiff Posts: 20,242 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 5 March 2012 at 5:49PM
    A pleasing solution. Very happy it's staying. :)

    I have wanted the reference to gambling out of the title for at least 6 years!
  • Kingchamp
    Kingchamp Posts: 1,155 Forumite
    Excellent, glad the points have been taken on board and like the new report system in place for whoever is chosen. If it could be risky then best its not on there and this should do the job.
  • jobbingmusician
    jobbingmusician Posts: 20,347 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Delighted :D
    Ex board guide. Signature now changed (if you know, you know).
  • jamesallen
    jamesallen Posts: 246 Forumite
    Excellent to see that a common sense, balanced view has won through. The forum did need some changes, but it would have been a great shame, and a disservice to MSE, to see such a lucrative board and thriving community closed.
  • thelawnet
    thelawnet Posts: 2,584 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I think that's a bit of an odd outcome really.

    It's already been determined that there's no such thing as 'risk-free', so why not just make it 'betting offers'? That way it's clear what it's about, betting offers, nothing more than that.

    Of course there should be some warnings, but this 'risk-free' idea is a myth anyway. There are plenty of risks associated with this activity, not all of which are obvious, but all of which I think were covered on the last thread.
  • thelawnet
    thelawnet Posts: 2,584 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    schiff wrote: »
    A pleasing solution. Very happy it's staying. :)

    I have wanted the reference to gambling out of the title for at least 6 years!

    'Betting' is better than 'gambling' is it?

    Don't see it myself.
  • schiff
    schiff Posts: 20,242 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 6 March 2012 at 2:34AM
    thelawnet wrote: »
    'Betting' is better than 'gambling' is it?

    Don't see it myself.

    Matched betting is better than gambling. People who are not interested in this would form wrong conclusions about its previous title, with the new one they would be less likely to. IMO of course.

    NB: I see from your last 20 or so posts that your only interest here appears to have been since the consultation started. Which might suggest, and I only say might, that you may not realise the merits of matched betting.
  • thelawnet
    thelawnet Posts: 2,584 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    schiff wrote: »
    Matched betting is better than gambling. People who are not interested in this would form wrong conclusions about its previous title, with the new one they would be less likely to. IMO of course.

    It clearly said 'loopholes', which to me sounds more of a sure thing than 'matched betting', which could describe betfair's business model. I don't think it's a term that's meaningful to people who don't already know what it is. It's certainly not self-descriptive and if you asked the man on the street, they would probably say that it sounds dodgy.

    It also would appear to exclude things like '£10 free' on casino/bingo sites. Which is frankly bizarre, although such offers are not without their (moral) hazard, they are much lower risk than say betting £50 at 10-1 and then trying to lay £500 somewhere else.
    NB: I see from your last 20 or so posts that your only interest here appears to have been since the consultation started. Which might suggest, and I only say might, that you may not realise the merits of matched betting.

    Lol.
    I know exactly what the merits are, I've spoken at gambling conferences and so on, I'm by no means a neophyte. As for matched betting I'm not particularly interested in it per se, but if I were to place a bet I certainly wouldn't bother in matching, just reduces the winnings, and I'm not scared of risk.
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