H
recent
H
HOYONEWS
HomeBusinessTechnologySportPolitics
Others
  • Food
  • Culture
  • Society
Contact
Home
Business
Technology
Sport
Politics

Food

Culture

Society

Contact
Facebook page
H
HOYONEWS

Company

business
technology
sport
politics
food
culture
society

© 2025 Hoyonews™. All Rights Reserved.
Facebook page

Account closures and restrictions are angering racing punters but there is an answer

about 4 hours ago
A picture


Racing enjoyed its biggest win for many years in last month’s budget.The threatened harmonisation of duty rates for betting and gaming was not simply seen off, but routed, with the differential between the two rates significantly increased.As an added bonus, meanwhile, racing was excluded from the small rise in the duty rate for bets on football and other sporting events.Having celebrated the win, though, the next step is to ensure that the benefits are maximised.And since, in relative terms, racing has just become a more attractive product for bookmakers, what better moment could there be to address one of the major obstacles that many punters face when they want to bet on the horses?That barrier is account closures and restrictions on punters who are – or appear to be – sufficiently smart to make a long-term profit on their betting.

A punter tries to take an advertised price, sometimes for as little as £10 or £20, but the computer says no and offers a derisory alternative stake of a few pennies instead.Everyone in racing knows that it has been happening for many years.It makes a mockery of the Gambling Commission’s mission statement to ensure that gambling is “safe, open and fair”.And yet many of the sport’s keenest fans and form students are being told that their money is not wanted – in the regulated market at least – on a daily basis.This is all despite the fact that a potential remedy – a minimum bet rule (MBR) – has been operating in most Australian jurisdictions for a decade or more.

In Victoria, for instance, the home of the Melbourne Cup, off-course operators are obliged to lay an advertised price on “metropolitan” (ie.major) races to lose at least $2,000 (£995) on a win bet, while the minimum for non-metropolitan – or “bush” racing – is $1,000.Ladbrokes and Bet365 are among the well-known betting brands that operate successfully in Australia with an MBR in place.Yet the bookies have always resisted the introduction of a similar rule in the UK, claiming that it will impact on the bonuses and offers available to punters, such as “Best Odds Guaranteed” when a punter takes a price and the eventual SP is bigger.If that claim sounds strangely familiar, though, it might well be because a similar argument was put forward as a reason why duty rates in general – and the rate for gaming products like online slots in particular – should not be raised in the budget.

It was, according to Michael Dugher, the BGC’s chair, “just naive” for racing to think it would escape unscathed from a major hike in online gaming duty, or that the black market would not benefit from a subsequent increase in margins in the regulated sector.As other voices including the former prime minister Gordon Brown pointed out, however, the multinational gambling corporations are willing to pay 50% or more in duty on their gaming profits in some US jurisdictions.And despite all the dire warnings, not to mention the BGC’s schmoozing of Rachel Reeves and Labour MPs at conference, the chancellor effectively doubled online gaming duty, from 21% to 40%.The wheels, it seems, have come off the gambling industry’s once well-oiled lobbying machine.Predictions of impending doom no longer carry much weight, not least when there are case studies elsewhere to prove them wrong, so this is surely the moment for the Gambling Commission to grasp the nettle on restrictions.

Uttoxeter 1,00 Fingle Bridge 1,30 Carismatic Soldier 2,00 Baron Noir 2,30 Sole Solution 3.

00 Hara Kiri 3.33 Highbury HillNewcastle 3.18 Noss Mayo 3.55 Get An Attitude 4.30 Sound And Vision 5.

00 The Caltonian 5.30 Priapos 6.00 Concert Boy (nap)  6.30 Superior Council 7.00 Mister Sky Blue (nb) 7.

30 BeneficiaryThis does not mean that the black market is not an issue, but it is in everyone’s interests – the treasury included – to keep gambling turnover in the regulated sector,The budget also included £26m for the Gambling Commission over the next three years to tackle the threat from the unregulated sector, and in any case, nothing has done more to push punters towards unregulated firms over the past 20 years than punters being told that their business isn’t welcome,The MBR model is there in Australia for all to see, and the Gambling Commission should need no reminding about the ongoing unfairness of bookmakers refusing to take a bet,It is already long overdue, but the MBR’s right moment, perhaps, has finally arrived,
societySee all
A picture

Rules on single-sex spaces pose risk to trans people’s mental health, UK charities say

New rules on access to single-sex spaces could pose a significant risk to the mental health of trans and non-binary people, according to 15 of the UK’s most respected mental charities.Organisations including Samaritans, Mind, Centre for Mental Health and the Royal College of Psychiatrists have written to the equalities minister, Bridget Phillipson, to express their “deep concern” about guidance from the Equality and Human Rights Commission (EHRC) that is awaiting approval from the government.The letter says the guidance could “deepen existing inequalities and pose significant risk to the mental health of trans and non-binary people across UK”.It says: “Mental health services should be places of refuge, not risk, and equality protections must strengthen, not erode, the conditions that enable people to feel safe and supported.”The EHRC is waiting for ministers to approve its official guidance on how public bodies, businesses and other service providers should respond to the supreme court’s ruling in April that the legal definition of a woman is based on biological sex

about 16 hours ago
A picture

Thousands of patients in England at risk as GP referrals vanish into NHS ‘black hole’

One in seven people in England who need hospital care are not receiving it because their GP referral is lost, rejected or delayed, the NHS’s patient watchdog has found.Three-quarters (75%) of those trapped in this “referrals black hole” suffer harm to their physical or mental health as a result of not being added to the waiting list for tests or treatment.Communication with patients is so unreliable that seven in 10 (70%) only discover they have not been put on a waiting list after chasing up the NHS because they have not been told a hold-up has occurred. In some cases referrals that GPs have agreed to make do not even get sent from their surgery to the hospital, Healthwatch England’s findings show.The research found that 14% of all referrals are getting “stuck” between GPs and hospitals, leaving patients in the dark and anxious about when they will be seen and treated

1 day ago
A picture

Spiteful or fair? Reeves’s mansion tax plan proves divisive | Letters

Jonathan Liew’s article (Won’t somebody please think of Britain’s poor £2m homeowners? Oh, wait – everyone already is, 2 November) entirely misses the point that underlies the spate of criticism against the “mansion tax”. While wealth disparity is no doubt an issue that needs to be addressed, this tax is a spiteful assault on hard-working taxpayers who already pay an enormous proportion of their salary to the Treasury to support a woefully mismanaged public sector and welfare state. Those who support the tax seem to be driven by a simple ideology that we need to “bash the rich” to create equality.In the real world, this tax penalises hard-working families who have made difficult choices and made huge sacrifices to get to where they are. I come from a working-class background, I worked hard at school and achieved good grades, I worked part-time jobs, paid my own way through university and chose a profession that pays well, relocating to London and making sacrifices to earn good money – spending 18 hours a day in the office – and I chose to buy property and invest in it

1 day ago
A picture

Senior DWP civil servant blames victims for carer’s allowance scandal

One of the most senior civil servants in the Department for Work and Pensions (DWP) has placed the blame for the carer’s allowance benefits crisis on victims, many of whom have been left with life-changing debts.In an internal blogpost written for Whitehall colleagues, Neil Couling, the director general of DWP services, said individual failings by carers were “at the heart” of the issue that has been likened to the Post Office Horizon scandal.The post, which was removed after the Guardian made inquiries about its content, has been met with an outcry by charities and politicians.An independent review into the scandal last month found that longstanding and “unacceptable” systemic DWP leadership problems and poor benefit design were at the root of the failure, which it said could not be blamed on carers.Some carers who fell foul of the benefit’s outdated and complex rules felt so shamed, distressed and desperate they contemplated suicide, the review found

1 day ago
A picture

Young unemployed told to engage with jobs scheme or risk benefit cuts

Young unemployed people will be offered training or job opportunities in construction, care and hospitality as part of a UK government scheme, but could have their benefits cut if they do not take up offers.Pat McFadden, the work and pensions secretary, announced on Sunday that 350,000 new training or workplace opportunities would be offered to young people on universal credit, but added there would be “sanctions” for claimants who did not engage.The policy is part of the Labour government’s plans to halt the increase in the number of young people not in education, employment or training (Neet). Britain has almost a million Neets aged 16 to 24, in what some experts have called a youth jobs crisis.Rachel Reeves announced £820m in funding at her budget last month for a “youth guarantee” of a six-month paid work placement for every eligible 18- to 21-year-old who has been on universal credit and looking for work for 18 months

1 day ago
A picture

Gambling addicts risk losing ‘life-saving’ help due to funding overhaul, say UK charities

Gambling addicts are at risk of missing out on “life-saving” help unless the government provides emergency support, charities have warned, after an overhaul of funding left treatment providers facing a cash crunch.Until this year, money for problem gambling research, education and treatment had been provided on a voluntary basis by casinos and bookmakers who contributed about 0.1% of their takings.Under new plans, put forward by the previous government and implemented by Labour since April this year, the £12.5bn-a-year gambling sector instead pays a mandatory levy of up to 1

1 day ago
recentSee all
A picture

Paramount launches $108.4bn hostile bid for Warner Bros Discovery

about 2 hours ago
A picture

Anglo American’s merger bonus was a pay wheeze too far | Nils Pratley

about 4 hours ago
A picture

Social media use damages children’s ability to focus, say researchers

about 6 hours ago
A picture

‘It has to be genuine’: older influencers drive growth on social media

about 8 hours ago
A picture

‘Like a movie’: Lando Norris relives final lap to glory and partying till 6am as world champion

about 1 hour ago
A picture

Account closures and restrictions are angering racing punters but there is an answer

about 4 hours ago