Does money at online bookmakers count as capital for universal credit?

Chomeur

John_ said:

Chomeur said:

calcotti said:

If the money is yours it is capital.

That's encouraging. Because if the money is in a bookmakers it's not mine, it's just a debt from the bookmaker to me. But do you have any authority for what you say?

No, as if that was the case then money in a savings or current account would not count either.

What are you doing gambling if you are on benefits? Would it not be better to use that money to support your family, or use it for training to get you back on your feet?

I'm not on benefits - I have too much capital. I'm single and have very little to spend my money on. Today for instance I intend to go for lunch at an expensive restaurant in the City of London but it will cost very little as I will cycle there and get £10 off thanks to Rishi. I've spent about £4000 on training in the last couple of years but so far it hasn't got me anywhere. Most stuff you can learn online anyway. Also, having once been told at a job interview that my thinking was too far advanced, I'm concerned that more training could be counterproductive.

[Deleted User]

You’ll get 50% off to a maximum of £10. Depends what you spend on lunch. 

tomtom256

Chomeur said:

I'm not on benefits - I have too much capital. I'm single and have very little to spend my money on. Today for instance I intend to go for lunch at an expensive restaurant in the City of London but it will cost very little as I will cycle there and get £10 off thanks to Rishi. I've spent about £4000 on training in the last couple of years but so far it hasn't got me anywhere. Most stuff you can learn online anyway. Also, having once been told at a job interview that my thinking was too far advanced, I'm concerned that more training could be counterproductive.

So you are a troll then and just wasting peoples time on a help forum.

poppy12345

Chomeur said:

John_ said:

Chomeur said:

calcotti said:

If the money is yours it is capital.

That's encouraging. Because if the money is in a bookmakers it's not mine, it's just a debt from the bookmaker to me. But do you have any authority for what you say?

No, as if that was the case then money in a savings or current account would not count either.

What are you doing gambling if you are on benefits? Would it not be better to use that money to support your family, or use it for training to get you back on your feet?

I'm not on benefits - I have too much capital. I'm single and have very little to spend my money on. Today for instance I intend to go for lunch at an expensive restaurant in the City of London but it will cost very little as I will cycle there and get £10 off thanks to Rishi. I've spent about £4000 on training in the last couple of years but so far it hasn't got me anywhere. Most stuff you can learn online anyway. Also, having once been told at a job interview that my thinking was too far advanced, I'm concerned that more training could be counterproductive.

Then what was the point of your post?

tacpot12

Chomeur said:

John_ said:

Chomeur said:

calcotti said:

If the money is yours it is capital.

That's encouraging. Because if the money is in a bookmakers it's not mine, it's just a debt from the bookmaker to me. But do you have any authority for what you say?

No, as if that was the case then money in a savings or current account would not count either.

What are you doing gambling if you are on benefits? Would it not be better to use that money to support your family, or use it for training to get you back on your feet?

I'm not on benefits - I have too much capital. I'm single and have very little to spend my money on. Today for instance I intend to go for lunch at an expensive restaurant in the City of London but it will cost very little as I will cycle there and get £10 off thanks to Rishi. I've spent about £4000 on training in the last couple of years but so far it hasn't got me anywhere. Most stuff you can learn online anyway. Also, having once been told at a job interview that my thinking was too far advanced, I'm concerned that more training could be counterproductive.

I don't think the OP is a troll, but I do think they are hopping to claim benefits in spite of having too much capital to be allowed to do so. This is the only other logical reason for the question that the OP asked.