A tax on stupidity, Ctd

No I’m not talking about voting Green, I am talking about internet gambling.

Peter FitzSimons explains how online betting agencies filter out winners:

For some extraordinary reason, internet bookies are allowed to refuse and restrict bets from punters who are too damn smart, relying on their fine print terms and conditions. Interestingly, I am told the two bookmakers who are most ubiquitous in their advertising, Tom Waterhouse and bet365, are among the “bookmakers that continuously come up in forums for closing down punters”. But it’s not just them! The practice is so widespread, apparently, that one crowd, Pinnacle Sports, even advertises “winners are welcome”, as their point of difference, while NSW TAB and Betfair, which is a betting exchange – whatever that is – is also said to give punters more of a fair go. However, for most of the rest, those who regularly win, across as few as five to 10 bets are apparently known as “toughies” and players who have won a set amount, (usually as little as $1000), are often either refused bets or limited to small wagers of $5 to $10.

Hmm…if they filter out the winners who does that leave?

What it boils down to is this. Any time anyone tells you they’re punting with internet bookies it – by definition – confirms them as a loser, because the bulk of the bookies will only take bets from new losers, established losers and yet-to-be-confirmed losers. They don’t want winners of any description. No joke, those emails confirm what I have long thought – the whole gambling industry is little more than organised fleecing of seriously stupid people. And the bulk of sports followers are sick to death of the internet bookies getting in our faces every time we want to follow sport.

I have long said that cigarettes, gambling, drugs etc are a tax on stupid people…and this certainly seems to prove my point.

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