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Gambling/mortgage enquiry
Comments
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I'm curious to know what the OP plans to do when he starts being banned from gambling websites."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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The only logical answer is to start arbing 'mug bets' on the exchange to stay within an acceptable P/L range to the bookie, or to full on go to the Exchange.0
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I still want to know who these tipsters are who seem to be never wrong.0
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Thank you ahah! Finally a relivant answer. Cheers!0
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Give the guy a break, he has only asked a simple question.
The OP is quite correct, he can easily earn £20k in 2 years if he follows a successful tipster or two. No doubt there are a lot of inplay bets and odds-on bets, so depending on your starting pot and your percentage per bet then of course it is possible to earn such a high amount.
So to the people who are lecturing him and telling him its not possible, until you know what you are talking about.. stick to the financial side of things.
As per the mortgage question, I have no idea if it would affect you, there are more qualified people on here than me to answer that.
Well that immediately begs the question why op cannot build up their bankroll to 100k (it wouldn't take as long as the increase is exponential) and just skip the mortgage altogether...
I suspect that the Op is reluctant to do this because they actually got lucky to win it...0 -
There are ways to work this to keep your bank statements clean, i.e keep the bookie account fully funded so that you never require to deposit, or simply keep the funds in your PayPal and only use this to deposit.
Of course if you apply to a lender, who has a policy of checking bank statements, and they note that you are frequently depositing funds to bookmakers, then it will ring alarm bells, however this is totally avoidable with a few simple precautions.
I am a mortgage adviser, and also participate full time in matched betting, so I can see both sides of the coin here.0 -
I know nothing about gambling (thank goodness) but as a former mortgage advisor gambling payments out of a bank account would be a red flag. If it just shows as Paypal though that may protect you slightly. I would focus on finding a better paid full time job.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Been doing matched betting for 18 months and all betting activity goes through a separate bank account.
Open a new bank account purely for betting purposes.0
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