affordability checks

🎧SBC Podcast #64: Nick Goff on Football Betting, Syndicates and the State of the Industry

Posted on by Josh P

In the latest SBC Podcast I am joined by Nick Goff, the professional football punter, former industry trader and member of a highly successful syndicate.

Nick has an extremely interesting back story, with industry experience and management of markets for one of the UK’s leading bookmakers shaping his knowledge and expertise.

Disillusioned with the direction the industry was taking, Nick took the plunge and decided to back his judgement by becoming a full-time bettor seven years ago.

Antepost betting and day of game action make up the majority of Nick’s activity and to complement his own work, he is part of a group of very successful bettors who cooperate in a football syndicate.

With extensive knowledge of ‘both sides of the fence’, Nick is well placed to discuss issues in the industry such as affordability, the White Paper, bookmaker behaviour and suggested policies (such as Minimum Bet Liabilities).

In this interview, we cover it all. Nick has unique insights and I was delighted to be joined by a guest with such extensive knowledge. I enjoyed this chat and I’m sure that you will too!

You can listen to Episode 64 now via Apple / Spotify / Google / YouTube and all other major podcast directories (search Smart Betting Club)

An in-depth chat with a football betting expert

In this episode Nick and I discuss:

  • Nick’s work in the industry, working for four firms that no longer exist and progressing to become the Head of Football Trading at Coral
  • Learning from more experienced experts and amalgamating different insights to form his own punting philosophy
  • Building a bank, playing poker and betting on sports including snooker and NFL
  • Transitioning into full time punting, the challenges this presented and the support around him that helped to make it a success
  • How Nick’s betting has changed over time and how he has had to adapt as early markets have become more illiquid
  • Working cooperatively in a syndicate and finding others who have skills to complement each other
  • Discretion and the need to be less publicly open when working in a team
  • The White Paper, ‘frictionless’ affordability checks, shocking bookmaker behaviour and the state of the debate around gambling in the UK
  • The Black Market, its growth and who is likely to use it
  • Minimum Bet Liability and why Nick feels it an impractical way of dealing with over-zealous restrictions
  • The lack of long-term thinking in the industry to try and create more sustainable markets
  • The lack of expertise at the leading firms compared to ‘yesteryear’
  • 60-70 hour weeks – managing time, taking breaks and finding ways to take a break from an all-consuming role
  • Nick’s stoic attitude towards punting (and life!) and how he meets victory and defeat with the same face
  • Exacting revenge on a rude interviewer!
  • Plans for the future
  • Pearl Jam!

Nick was a fascinating guest and in addition to his insightful views, his outlook was something else that I loved about our chat.

If you would like to hear more from Nick, you can follow him on Twitter (or X!) @nickgoff79 and he writes a regular column for the ‘Not The Top 20‘ website.

Enjoy!

A UK Gambling Review Special Podcast With Pro Punter, Neil Channing

Posted on by Peter Ling

The latest episode of the Smart Betting Club podcast is out now and its a UK Gambling Review special with pro punter, Neil Channing.

Neil is one of the foremost minds on this topic and as he explains in the podcast, there has been a lot on the coming law changes from the perspective of those anti-gambling and the big bookmaking companies who have caused this mess, but very little on its impact on the vast majority of us who enjoy betting sensibly and with the aspiration of turning a profit.
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This podcast is an attempt to tackle it on behalf of those of us who enjoy betting and to inform you on the situation as it stands and how to raise awareness and take action.

You can listen to this episode now via Apple / Spotify / Google and all other major podcast directories (search Smart Betting Club)

RESOURCES AND INFORMATION

Past experiences have shown that by grouping together on an important topic we can have an impact and once again its time to take action.

For example – the number of bettors who took part in the Gambling Commission’s consultation on what needs to change back in early 2021 seemed to surprise them and was something of a ‘win’ for punters.

Now its the turn of those in power to listen to us and this is why both Neil and SBC recommend those of you who live in the UK write to your MP to highlight these issues.

Neil has penned a few excellent articles on this topic including a template letter/email to send to your MP, which you can find at this link:
​https://www.bettingemporium.com/pages/view/gambling-review​

For more background and information on this topic, you can explore more in this additional podcast and article from November 2021.

As ever your feedback on this and other episodes is always welcome and if you enjoy the Smart Betting Club podcast – be sure to leave a positive review!

WHY THIS MATTERS & WHY SBC CARE

The ongoing debate on the law changes matter as if stringent deposit limits are brought in – this will only serve to send punters into the black market to bet.

Equally if the same bookmakers who created this mess are allowed to dictate how they monitor customers further, then the problems of an unfair, unbalanced betting market are not going to go away.

SBC care about this topic and ensuring punters get a better deal as we are one of the very few, truly bookmaker-independent voices in the betting space.

We rely on the funding of our members in the form of subscription fees and therefore take nothing in advertising revenue from bookmakers, unlike so many betting media outlets and journalists, who are directly or indirectly on their payroll.

We also believe that the gambling review should explore other important topics including bookmakers delaying or refusing withdrawals and abuse of the ID/security checks situation when dealing with customers they don’t like (i.e. winners). Expect to hear more from us on these points very soon!

An important update for all UK based bettors on action you need to take!

Posted on by Peter Ling

[20th Jan Update: The Gambling Commission have simplified their online consultation – a very welcome decision! You can fill in your response before the 9th February via this link.]

I have a very important post to share with you today about new ‘affordability’ checks being proposed for UK based bettors, what you need to know about it and action you can take right now on this topic.

The UK Government recently announced a gambling review which poses the greatest existential threat to the serious UK based recreational punter in decades, and we have only weeks to fight for our rights to have a decent bet upon its conclusion.

Now this may sound extreme, but we are in battle with politicians and campaigners who have little knowledge of the betting and gaming industry and are adopting a hard-line stance towards it.

Following on from the FOBT debate and subsequent stake reductions, there was an inevitability that an industry review would happen, after all whilst you are restricted to £2 a spin in a betting shop, you can sit in that very betting shop gambling thousands in online casinos via your mobile phone.

The main proposal surrounds affordability checks, which have been put forward by the UK Gambling Commission as part of their ongoing consultation on how to address the issue of gambling disorder.

Options range from limiting bettors to a monthly loss no greater than £2000 down to just £100 and several other requirements that could impact all UK based bettors in the future. Including but not limited to the need to pass on your bank statements and wage slips just to ensure you can get a reasonable bet on.

These affordability limits are being considered because bookmakers have failed abysmally to properly address the numbers of people who bet outside of their means and are considered to have a problem with their gambling.

Mixing Casino-Style Betting With ‘Skill Based’ Betting

This issue is also down to bookmakers knowingly blurring the lines between betting on skill-based events such as racing and casino-style gambling, which are the biggest driver of gambling disorder and source of bookmaker profits. There is evidence that shows that problem gambling rates are higher if betting on online slots and casino games than, for example, horse betting.

Therefore a clear differentiation needs to be made between these two forms of gambling and the Gambling Commission needs to be made aware of it.

Ensuring that it can introduce targeted action to really treat those types of betting which have the greatest issues with gambling disorder rather than a blanket limit that impacts the vast majority of us who bet and do so sensibly.

A blanket set of affordability checks on all types of betting and all punters will only serve to create more issues including likely driving a section of the betting population who wish to bet more to go offshore or into unregulated markets. It also serves as an opportune time to raise the issues of restrictions and closures of shrewd gamblers and how this contrasts with bookmakers claims to take problem gambling seriously. How can then when it is only long-term perennial losers who are allowed to consistently bet without stake restriction or account closure?

Hence my post today as it’s vitally important that those of you based in the UK make these points to both the Gambling Commission as part of their consultation and also to your MP.

HOW YOU CAN TAKE ACTION

There are three things you can do today to help raise awareness of the above points over the next few weeks:

  1. Submit evidence to the Gambling Commission as part of their consultation (ends 9th Feb)

This can be done at any time via the following link: https://consult.gamblingcommission.gov.uk/author/seeking-views-on-how-gambling-companies-interact-w/consultation/intro/ as evidence from all parties (consumers and operators) is invited between now and the 9th February.

The more of you that do so and reiterate the key points I outline above (separation of casino style gambling and skill based gambling) the better.

  1. Write to your MP

I have also been working with a UK parliamentary contact who has a keen interest in betting to draw up a template letter/email to send to your MP. Here is what to do:

  • Locate your MP here: https://members.parliament.uk/FindYourMP
  • You will need to input your postcode and it will find your MP and their contact e-mail address.
  • Once located, insert their name at the top and your name and address at the bottom and send the below.

Dear (insert MP name)

I am writing to express my deep concern about the current review into the Gambling Act and the suggestion by some campaigners that restrictive affordability limits are introduced to betting accounts held by recreational sports bettors.

The reason for my concern is what I would define as skilled betting on sports should not be treated in the same way as unskilled gambling on online casinos, slots or bingo. I spend many hours studying sports markets and would equate what I do to someone investing in the stock market. You do not have to face invasive affordability checks with this investing and I believe the prospect of having to send bookmakers bank statements and wage slips is a huge breach of privacy, a significant data risk and a gross infringement of liberty.

As well as this, I would argue that this is a sledgehammer to crack a nut solution, as evidence shows online slots and casino games have comparatively higher rates of problem gambling than, for example, horse betting. Introducing affordability checks for sports betting will simply drive punters to unregulated markets and hit the treasury revenues at a time the Country can least afford it.

I am therefore asking you to represent my views and contact Nigel Huddleston MP calling upon him to decouple sports and events betting from that in online casinos and reject intrusive affordability checks as part of this review.

Kind regards,

(insert name and address)

3. Sign Our Petition

You can also sign our petition backing up the above points and which will be referenced as part of the Smart Betting Club’s submission to the Gambling Commission.

The more of you that sign it and believe in the statement we are making, the more weight these points will carry and greater likelihood they will be listened to.

Sign the petition via this link

 

THE TIME TO ACT IS NOW

If we don’t individually and collectively do our best to take action in the next few weeks, then we can likely have no complaints if in the future we are confronted by short-sighted blanket affordability checks that might impact everyone betting from the UK.

So the more of you that can either take the consultation or write to your MP (An email will take only a few minutes to send) the better and the greater chance our voices will be heard.

There is no doubt that bookmakers have failed to properly tackle the issue of problem gambling, but any new measures introduced need to be done so in a very targeted and specific manner to avoid ruining betting for the many of us who bet sensibly and within our means.

Peter Ling
Smart Betting Club Editor