We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Betting deposit on bank statement

We are likely submitting a full application in the next few days. However this weekend we are at Cheltenham for the racing. This has been booked since the start of the year and at that time we thought wouldnt be buying until next year but now we are I dont really want to ruin my application if a betting deposit is going to do so. We always give ourselves £5 each per race so would be £70. Would I be OK putting this into my betting account or am I best taking the cash out and placing bets at the course?

I am not a big gambler and my last bet was probably over a month ago and would have only been a £5 deposit so its not like there is a long history of deposits to bookies

Comments

  • user1977
    user1977 Posts: 18,532 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Probably more for the Mortgages board, but I don't get the impression that occasional betting is a problem, only if it seems to be a major and regular part of your expenditure.
  • singhini
    singhini Posts: 1,124 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    We are likely submitting a full application in the next few days. However this weekend we are at Cheltenham for the racing. This has been booked since the start of the year and at that time we thought wouldnt be buying until next year but now we are I dont really want to ruin my application if a betting deposit is going to do so. We always give ourselves £5 each per race so would be £70. Would I be OK putting this into my betting account or am I best taking the cash out and placing bets at the course?

    I am not a big gambler and my last bet was probably over a month ago and would have only been a £5 deposit so its not like there is a long history of deposits to bookies
    You’ve probably answered your own question. No application has ever been rejected because there weren’t any gambling transactions showing. However, if your application were rejected and you did have gambling transactions, you’d likely regret it.
    I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.