Three major UK banks RBS, Lloyds and Santander have joined Barclays in an effort to introduce responsible gambling measures by blocking transaction payments to bookmakers.
The scheme would allow problem gamblers the option to opt out of allowing payments to any company that is associated to gambling and issued a UKGC licence.
Most readers will have a banking app of some sort on their phone for viewing their transactions. The new app would include a “gambling block” feature to enable self exclusion, in an attempt to protect vulnerable punters with compulsive behaviour.
The exclusion would also apply to high street bookmakers as well as online gambling sites.
Barclays released a similar blocking feature across all digital platforms back in December, which restricted debit card spending in a number of categories including restaurants and takeaways, supermarkets, petrol stations, adult entertainment, pubs & bars and petrol stations.
Protecting compulsive gamblers
Enhancements to the mobile apps which would restrict payments to gambling related properties should be implemented within weeks.
Following the news Lloyds detailed their plans to gives their 30 million customers more control of their money:
“The new card controls give customers more control over debit card transactions.
Throughout 2019 we will be enhancing our customer communications so customers are informed and alerted of their gambling spending, as well as introducing tools to improve self-service options such as gambling restrictions.”
Royal Bank of Scotland (RBS) we equally keen to provide customers with more choice on managing their spending habits:
“We recently launched the ability for our customers to freeze their credit cards and set spending budgets using our mobile app.
And we are always looking at further ways to help customers manage their money.”
While this option is a step in the right direction more needs to be done to tackle the issue of gambling addition that affects the minority of punters with addictive personalities.
The measures introduced by the major banks do not go far enough as these limits are self-imposed and are easy to remove within 24 hours.
More need to be done to introduce a cooling off period which would increase the time between initiating the gambling block and when it’s possible to remove this option.
The decision comes just a month after the UKGC recommendation to remove gambling advertsing during live football events.
With both measures being rolled out, it will hopefully help punters with gambling issues to self exclude themselves and avoid the temptation altogether.
Each week Rewards Club members can earn a £/€10 Free Bet EACH WEEK when you place five £/€10+ of odds greater the ½ (1.5).
Place 5 x £/€10+ bets on Sports and/or £/€50 on slots and/or earn 3 stamps on PP onside each week to qualify. Earn up to 3 entries each week (once on sports, once on games and in-store) between 21/01/19 to 25/02/19. T&C’s apply.
To signup you simply need to opt-in via the Rewards Club (banner above) and you’re good to go.
How to qualify
Place five £/€10+ bets on sportsbook or stake £/€50 on slots and earn 3 qualifying stamps.
You can qualify up to three times a week across all platforms (sportsbook, slots and in-store) to earn 3x entries, up to a maximum of fifteen entries over the qualifying time period.
Key Terms and Conditions
Paddy Power reserves the rights to…
Exclude or limit this promotion to specific customers. If a winner cannot be contacted within 48 hours, Paddy Power will select a new winner. Withhold any prizes on grounds that the winner does NOT meet the eligibility requirements specified. Modify the terms and conditions at any time.
When is the competition valid?
The competition is valid NOW in weeks between 21st Jan to 25th Feb 2019.
The prize draw will take place on Tuesday 26th February 2019.
Simply place a bet of €/£20 on any market and if you loses Paddy Power will refund your stake in CASH. You won’t find a better deal with any other bookmaker.
But that’s not the only deal that Paddy Power has to offer, check out our complete list of Paddy Power bonus codes if you’re looking to deposit more.
How do I join Paddy Power Rewards Club?
1. Click on the Rewards Club landing page. 2. Select the Opt in icon. 3. You’re good to go!
To receive your £10 free bet you just need to place five bets or more of £10+ and the free bet will arrive into your account the following Monday.
Terms and conditions: Odds of ½ 1.5 (decimal) or greater. Free bets are credited by 12pm on Monday.
Paddy Power Games Rewards
But its not just on sports betting where you can earn money back.
Slot players can also benefit from money back while they play.
New and existing players can earn a Free £5 bet when you stake £50+ on slot games. This is in effect 10% cash back on any stake you place which shouldn’t to be sniffed at.
When should I receive the money back?
Provided you have qualified by placed the relevant bets, the money should arrive into your account the following Monday by 12pm.
Is this offer available in-store?
Yes! This offer is also available to the average highstreet punter, but with slightly different terms. If you’re interested speak to one of the cashier members of staff in-store for more details.
Following several incarnations, I finally feel that Paddy has nailed it on the head with Paddy Power Rewards Club.
The offer is excellent news for frequent punters, but I wouldn’t recommend this for casual gamblers as it may encourage you to place more bets than you want to. This will only really benefit regular punters.
The tie-in with big competition prizes is the icing on the cake for me and puts this loyalty scheme head-and-shoulders above all other bookmaker.
Bitcoin may be a ground-breaking digital payment system, but bookmakers are less keen to adopt it.
The problem comes down to regulation.
The gambling industry under strict regulation by the Gambling Commission and Bitcoin has… well not the best reputation. It’s anonymity and use on the dark web puts many bookies off.
But there are other ways!
So I was interested to read that mobile payments giant Neteller accepts Bitcoin deposits to their online wallets.
What does this mean?
It effectively opens the door for crypto gamblers to gain access to some of the biggest gambling brands that until recently were out-of-bounds.
But we’ll come back to this later on…
Content: So what is Neteller? Why are bookmakers reluctant to use Bitcoin? Neteller Steps up to the Plate Apply Caution with existing Bitcoin Bookmakers How to deposit Bitcoin to Neteller Bitcoin to Neteller – Step-by-Step Guide 7 Best Bookmakers that accept Neteller FAQ Our Verdict
So what is Neteller?
Neteller is an online payment service that allows customers to transfer funds to pay for goods and services electronically.
The key advantage of using Neteller is that it’s quick and easy to use.
It’s also a much safer to pay for online services as it saves users from entering any bank card details.
Which is a godsend when you’re trying to deposit on your mobile.
Avoid entering your card details also minimises any risk of having your financial data stolen from malware or phishing hacks.
This is the main reason why I switched two years ago to using ewallets for mobile transactions.
Why are bookmakers reluctant to use Bitcoin?
To understand this, you have to understand some of the controversies surrounding Bitcoin.
While Bitcoin has far exceed the expectations that even creator Satoshi could have imagined, it has also made headlines for all the wrong reasons.
In particular as the main digital currency for criminal activity on the dark web.
Now i’m not going to sensationalise or go into specifics. Suffice to say there have been reports of criminal gangs using Bitcoin for money laundering and the buying/selling of firearms and drugs on auction sites such as the Silk Road which was eventually shutdown by federal officials as a way to curb the activity.
The reason why criminals latched onto Bitcoin so early on was due to it’s anonymity. Bitcoin does not require any personal information to create a wallet, all you need is a public and private key.
Add to this that funds can be transferred between wallets anywhere in the world, without the use of any financial institutions, and you have the perfect solution for criminal gangs to go about their business under the radar.
“So how does this affect the gambling industry?”
Similar to financial industry, bookmakers are heavily regulated by the Gambling Commission.
Under these regulations gambling companies must take the necessary precautions and measures to minimise any methods of money laundering.
It’s this reason alone why bookmakers such as Paddy Power and William Hill have shied away from introducing crypto currencies on their platform.
In essence, It all boils down to tighter regulation that bookmakers have to comply with.
Neteller Steps up to the Plate
So why does Neteller accept Bitcoin deposits when bookmakers don’t?
OK you’ve got me there!
It might have something to do with users being required to provide bank account details of some sort, before you can transfer funds. Where as with a bookmaker you could technically deposit and withdraw to the bookies wallet without providing any banking information.
Given that mobile payments rival PayPal also provides a similar service it’s understandable that Neteller offers the same service.
Apply Caution with existing Bitcoin Bookmakers
Until recently, Bitcoin holders that enjoyed betting on sports were limited to just a handful of specialised sites.
Bookmakers such as Betcoin.ag and CloudBet are happy to serve crypto punter looking to spend their tokens and coins.
But I have some reservations about using these for a few reasons. 1. Nearly every crypto bookmaker is less than five years old. 2. None of them are backed by a larger holdings company. 3. How solvent is the company i.e. How much cashflow do they bring? 4. Can they payout if you win big?
There’s so much more to discuss on this subject, which i’ll cover in another article and provide a link to.
Suffice to say you should do your own background checks on any company you are not familiar with or that’s relatively new.
How to deposit Bitcoin to Neteller
“OK i’m in, how do I deposit via Bitcoin?”
The first thing you need is a Bitcoin wallet.
We’re not going to cover this as there are many ways to create a wallet, such as using an exchange or setting up an individual wallet.
For more information on setting up a Bitcoin wallet check out the main website.
Bitcoin to Neteller – Step-by-Step Guide
1. Click on Money In on your Neteller account. 2. Select Bitcoin Deposit option.
3. Enter the amount you want to transfer & click Continue. 4. A third-party processing window takes you through the Bitcoin payment.
5. Click on “Pay with Bitcoin” button to launch the Bitcoin app. 6. OR use the QR code provided to load the Bitcoin payments page.
7. Enter your email address and hit Make Payment 8. You will receive a payment acknowledgement confirming the transfer.
Once you enter the amount you want to send you’ll be redirected to a wallet transfer pop-up window. Make sure you allow pop-up windows for this URL, you should receive a notification to accept.
You now have two options to process the payment:
Scan the QR Code provided using your smartphone (if you’re on desktop) and follow the instructions, or you can click on the Open in Wallet button, provided you have the Bitcoin app on you mobile device.
Finally you’ll need to provide an email address in case there are any issues with the transaction. In most cases you will receive an order acknowledge confirming the transaction was successful.
And that’s it… the Bitcoins are now in your Neteller wallet!
7 Best Bookmakers that accept Neteller
The great news is that most of the major highstreet bookmakers allow Neteller as a payment method.
This gives Bitcoin gamblers a back-door to place bets with huge bookmaker brands that have a long standing reputation in the gambling industry. By sticking to well-established bookmakers with larger bankrolls, you’re more likely to get your cash if you win big!
Instead of listing every bookmaker on the planet that accepts Neteller, i’ve decided to cherry pick 7 of the best bookmakers that allow Neteller deposits:
For a more comprehensive list which covers over 200+ bookmakers in our research, checkout our complete list of bookmakers that accept Neteller.
Frequently asked Questions:
How long does it take to transfer Bitcoin into my Neteller wallet?
Funds will go into your Neteller account immediately.
But there may be a delay of up to 1 business day to update your Bitcoin wallet, this is due to the time it takes to process the transaction on the Lightning Network.
How do I transfer from Neteller to my bookmaker account?
This section is really straight forward.
Select Neteller on the Deposits page and enter the amount you want to transfer.
Sign in to your Neteller account to confirm the payment and the money is instantly transferred into your bookmaker account.
What are the fees to deposit via Bitcoin?
There are No FX Fees to deposit Bitcoin to Neteller provided your account is in USD, GBP, EUR and AUD. For all other currencies the transaction will be processed in USD and incur a 3.99% foreign exchange fee.
Please note that Bitcoin may charge separate mining fees for processing the transaction.
And to transfer funds from Neteller to a bookmaker?
Fee structure varies from one country to the next, so the best way to check is directly on Neteller’s website.
Bitcoin is hell-bent on disrupting finance and our existing monetary system.
Now that Neteller accepts Bitcoin, this is yet another boost for the crypto currency, allowing users greater freedom to pay for online purchases and services.
While I would not suggest anyone purchase Bitcoin’s with the sole purpose of transferring funds to Neteller. If you happen to own some Bitcoin and you intend to place a bet, Neteller’s service increases the number of bookmakers available to you.
I think this is fantastic news for any Bitcoin gambler, as it opens up a huge pool of highstreet name bookmakers at your disposal. Just try not to fleece them all at once.
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The Swedish Gambling Authority (SGA) has granted gambling licences to two of the UK largest online bookmakers Betfair and 888Sport.
Race to secure Swedish Licences
The licence allows both bookmakers to offer online sportsbook, casino and poker offerings to Swedish players.
In a statement released to shareholders, 888 has been granted a five-year licence to operate under its Swedish URL.
Following the news 888 Holdings CEO Itai Frieberger discussed the significance of the Swedish market to the company, he said:
“Sweden is a significant online gaming market & we look forward to further developing our casino, poker and sportsbook offerings to Swedish customers”
“Continued expansion in regulated markets is key to 888’s growth strategy, we’re delighted to have been granted a licence in Sweden, ahead of the market’s regulation coming into force in Jan 2019.”
Sweden’s gambling shake-up
In contrast Betway secured a Swedish licence earlier in the month, with their CEO Richard Akitt equally excited of the new opportunities available to the Betway Group.
According to the SGA website Spelinspektionen, they have granted 21 licences so far, with over 90 applications pending, but bear in mind that this number could refer to different branding within the same company.
888Sport and Betway Sports licence approvals could not come at a better time, with Sweden’s new gambling regulations coming into effect on 1st January 2019.
The SGA has also given approval to online gambling operators Betfair, Bethard and Mr Green with licences earlier in December. A full list of approved gambling sites can be found on the SGA website.
With online punters demanding more choice and options in their bets, one bookmaker aims to do just that.
Boylesports Bet Builder builds on the success of their existing bet slip but with a twist.
Now you can customise bets the way you want to. Lets dig deeper into what makes Bet Builder so unique…
What is Boylesports Bet Builder?
Bet Builder allows you to combine multiple selections into one single bet, so you can create you own unique personalised bet.
Players can choose from up to five selections on any one bet slip. Betting markets include:
Win to Nil,
Both Teams to Score
Correct Score Total Corners
Team to Take Most Corners
Match Betting and Handicap
More choice for punters
Where Bet Builder really comes into it’s own is that, unlike some bookmakers that allow you to request-a-bet which can take some time to get a response back.
With Boyles Bet Builder the odds are instantly displayed, saving you from missing out on any betting opportunities.
Boylesports Bet Builder New Customer Offer
It’s hard to imagine there are any regular punters that have yet to join Boylesports. But if you are part of the select few then make sure you take advantage of Boylesports new customer offer of £25 in free bets.
Just be sure to deposit one the same day to ensure you receive your bonus bets.
Once you’ve signed up, the next question is how do you use Boylesports Bet Builder?
It’s really straight forward…
In fact it’s so simple i’ve created a quickstart guide below to help you place your first betbuilder bet.
Bet Builder Quick-Start Guide
1. Sign-up to Boylesports £25 in Free Bets offer 2. Select Bet Builder in the promotions tab 3. Pick the matches you want 4. Select any custom odds 5. Tap on Add to Betslip 6. Enter your stake amount 7. Tap Place Bet
And your done!
Is Bet Builder available on in-play markets?
Bet Builder is currently only available on pre-match bets, but you can build your bet until the last minute before the game starts.
Bet Builder Terms and Conditions
This offer is only open to select markets and matches, for a full list of games available check out the website.
Players can only choose up to five selections for any one bet slip.
Bet Builder is available for new and existing customers. You can find the Bet Builder option in the promotions tab near the top of the page.
Boylesports playing catchup
I’m sure even Boyle themselves would admit they have been lagging in any product innovation for the past few and even their sportsbook looks dated now compared to other bookmakers.
But Ireland’s oldest independent bookmaker appears to be gaining ground.
With a the recent offering of instant withdrawals for Irish banking customers and now the introduction of Boylesports Bet Builder, they clearly have a marketing strategy in place to poach punters away from the other major bookmakers.
Its been frustrating to watch Boylesports at times, with most major bookmakers having some sort of specials-betting feature for a while. But this recent move is definitely a step in the right direction.
You can tell that Boyle are currently in beta mode, testing the water, before rolling this out further. So expect to see more matches become available.
Any feature that providers more choice and greater flexibility gets my vote and Boylesports Bet Builder will only enhance punters user experience.
As always, I do not recommend using any feature which impacts on your betting strategy. But if it complements this then by all means give it go.
Under the terms of the partnership FanDuel will have exclusive rights to use official NBA logos and trademarks on their sportsbook platform as well as provide the NBA analytical betting data during live broadcasting.
Both companies also wanted to create “new gaming formats” which could see FanDuel’s fantasy format somehow merge with it’s sports betting platform.
Following the news NBA Chief of Fantasy & Gaming – Scot Kaufman said:
“The core of our partnership with FanDuel has always been focused on innovation around the experience with fans. We’re excited to extend it to include sports betting.”
FanDuel Group CEO, Matt King was equally excited by the extended partnership and highlighted the great opportunity ahead for both companies, he said:
“The NBA was the first sports league we partnered with and has been an incredible partner ever since. We share a clear view on how we can collaborate to bring basketball fans new ways to engage with the players they love.”
“With the expansion of our fantasy deal and addition of sports betting, we’re excited to work together in ways we haven’t before.”
A Soild Partnership
This is nothing new for FanDuel, who has worked closely with the NBA as their official Fantasy Partner since 2014 and extended this further in 2017 when they also became partners in the women’s NBA league.
Further US expansion
But believe me, this is just the beginning!
I think its just a matter of time before the whole of the US opens its doors to the sports betting industry.
As the US gradually opens it’s doors to the gambling industry, with each state granting approval, we’re likely to see deals being done between well-established bookmakers and sporting leagues such as the NFL and MBL.
There are currently 8 states that have given the nod to legalising sports betting, which includes the likes of New Jersey, Mississippi, West Virginia and New Mexico. The infograph above highlights all of those states that have already been granted approval, and those that are still pending.
As you can see approvals and pending applications now account for over half of all US states, with more states reviewing their position.
As Bob Dylan once eloquently wrote – Times they are a changing..
Ireland largest independent bookmaker Boylesports has released an industry first, which allows Irish punters same day withdrawals of their winnings straight into their bank account.
Usually the time it takes to transfer winnings to your account can be anywhere between 2-3 working days.
With Boylesports “Same-day Withdrawals” customers can withdraw their winnings within a couple of hours (in most cases) and up to 12 hours.
Limited to Irish account holders
Currently this instant pay-out feature is only available to online customers through VISA debit cards that bank with either AIB, Bank of Ireland and Permanent TSB.
Boylesport also highlighted that this option gave customers greater flexibility and allowed them instant access to their winnings 24/7, 365 days of the year – including weekends and bank holidays.
“Our customers asked, and we have listened. We’re constantly striving to make our customers experience as enjoyable and efficient as possible.
Same Day Withdrawals is just one example of how we continue to come up with innovative ways to enhance user experience.”
Following the news PR Executive Aoife Heffron discussed Boylesports approach on striving to listen and improve user experience, she said:
“We are thrilled to announce that our industry-leading Same Day Withdrawals feature is now live ad available to BoyleSports customers. Our brand new instant-pay-out option allows customers to withdraw their winnings with the click of a button and have it in their account the same day.”
Step in the right direction
Ok so reading between the lines this new withdrawal option is only available for one percent of Boylesports customers at least progress is being made in providing customers greater flexibility, which can only be a good thing.
Boylesports is currently in the process of gradually introducing this new transaction method to a small portion of its customer base. I believe its not inconceivable that we’ll see this option available to all Boylesports customers within the next 12 months.
Boyle continue to innovate
Its not the first time that Boyle has lead the charge in payment transfers. The bookmaker was one of the first to adopted Boku which allows customers to deposit into their account using their phone bill.
The advantage of charging your phone bill is that it avoids customers having to enter any card details, which in turn reduces the chances of your account being hacked. Boku’s additional SMS verification method adds and extra layer of security.
With gambling regulations impacting on yoy earnings, UK bookmaker William Hill announces an exclusive partnership with Eldorado Resorts in the United States.
The joint venture will see William Hill open five retail sportsbooks in Eldorado’s prestigious casinos across three states in West Virginia, New jersey and Mississippi, as well as online betting and the provision of online casinos, following legalisation in each US state.
This partnership could extended to a further 26 properties across 13 states with a customer reach in excess of 23 million a year.
Under the terms of the agreement Eldorado Resorts will receive $50M in William Hill PLC shares and a 20% stake in William Hill US subject to a 5 year lock in.
Both parties will jointly share the investment costs in building the first 5 sportsbooks and the agreement is based on a 25 year term, with the option to extend further.
William Hill’s current arrangement with Eldorado is already paying dividends, with the bookmaker claiming a 31% slice of the US sports betting market.
Following the announcement William Hill CEO Phillip Bowcock emphasised the huge opportunities ahead in the US, he said:
“Partnering with Eldorado gives William Hill access to one of the largest and most attractive casino footprints with 23M customers across multiple states. This provides extensive cross-sell and profit growth opportunities for both parties. We’re positioned to capture the evolving US opportunity – starting with land based sports betting and extending to digital sports betting.”
Eldorado Resports Inc CEO Gary Carano went on further to highlight value William Hill brings to the partnership, he commented:
“Having worked with [William Hill] since 2012, we believe William Hill represents the gold-standard in global sports betting and we are confident that our expanded partnership will be successful.”
While most bookmakers such as PaddyPower and 888sports are focusing on providing online content (which is where most users will access their products), William Hill wants a strong presence in more traditional bricks and mortar casinos.
The UK bookmaker is in a great position to capitalise in the retail sport betting market, having worked closely with Eldorado in Nevada since 2012. The first five sportsbook’s should be complete by the end of the year.
Turbulent times for bookmakers…
The US supreme courts decision to legalise sports betting in some states could not at a better time for the industry, as headwinds from regulators are likely to affect to hit profits.
In May 2018 the UK government ignored pleas from bookmakers and decided to limit the stake punters can place on fixed-odds betting terminals (FOBT’s) from £100 to £2. With bookmakers deriving more than half of their revenue from fixed-odds betting terminals, sportsbook’s like William Hill are desperate to find other sources of income.
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