Is Ray Winstone the new Pied Piper?

amnblog

Lovers of online gambling beware.


We are increasingly seeing online gambling firms showing up with regular withdrawals on applicants bank accounts. It is getting to the point where they are starting to become more frequent sights than pay day loan deductions.


Strangely, lenders are not keen on a 'habit'.


If you or yours like a flutter keep it minimal - don't run it through your main bank account.

billybear1

I like football and I watch it on the TV. I also listen to Talksport and you would not believe how much gambling advertising there is. On Talksport for instance in the morning they have "Coral Breakfast" in the evening they get "Paddy" from PaddyPower on, then as you say there is Ladbrokes and ol' Winston with Best 365 for the bet in play!

You can bet on everything and anything now and clearly people are betting on these markets or they wouldn't open a book on it. We do the grand national every year and I wasn't happy putting that as £10 out on my bank account before applying for a mortgage, as you say - another "habit" a lender would not like to see.

jls85

I am in charge of our lottery syndicate at work (10 of us in, everyone gives me £2 per week) and I usually do that through my bank account for convenience. Around half give me cash and half do a bank transfer. Do you think this will go against me? I have all the syndicate documentation and obviously the money is being transferred from others and most add 'lottery' to the description, therefore I can prove I'm not spending that much on the lottery myself. I'm a bit worried now though...

billybear1

I was probably being a bit over the top with a £10 remark being seriously an issue, a little tongue in cheek.

In all honesty, £10 per week with a clear income from a few people to offset it is not going to be an issue I wouldn't have thought. Sporadic, inconsistent £10 here, £50 there, £5 another day - two transactions in a day. This sort of financial management would be frowned apon.

On the other hand, a consistent payment out, with consistent payments in shows good habit, afterall the syndicate allow you to handle the transaction as the most trustworthy of the group.

A few factors to consider as I am no expert - however in my opinion a lot is in how you spin it in this case.

mouthscradle

I used to do matched betting, courtesy of the board on this forum. I was recently considering starting it up again but decided not to go near it when hoping to apply for a mortgage soon. Pretty sure that wouldn't have looked at all good on my statements, and I didn't fancy trying to convince a bank of the principles and discipline of matched betting! I'm guessing it would have got me nowhere.

Westminster

Ah - another matched better, I had a good 6-9 months of that and made a couple of grand.

Fortunately quite a while ago now so no evidence on my statements etc ;-)

mouthscradle

Westminster wrote: »

Ah - another matched better, I had a good 6-9 months of that and made a couple of grand.

Fortunately quite a while ago now so no evidence on my statements etc ;-)

I've done it twice, once about ten years ago and went back into it about 5 years ago, both for about 6 months each. Made about 5 grand in total from an initial 'risk' to myself of £50 which I withdraw after my first couple of goes. Any money risked after that is profit, which I'm willing to risk. Makes for a slower start but much more comfortable to me that way. It was a good earner for me when I was a student. Was thinking of dipping back into it while I have some time on maternity leave, but will wait until after our mortgage completes and then consider it

Westminster

Ditto - although the intro offers were getting harder during the time I did it (2011). No idea what its like now but we are hopefully completing by January so will look at it again then