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Potential Introduction of Deposit Limits
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Topic: Potential Introduction of Deposit Limits (Read 10763 times)
mikeymike2
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Potential Introduction of Deposit Limits
«
on:
February 18, 2021, 03:03:32 PM »
Now that a lot of sites are asking for verification of finances so that they cover their backsides, what happens for example when you go to DTD and as they have done previously ask you to buy in via your PP account - if you never play on PP - I keep a minimal tiny amount on the site but I do not play on it - are they suddenly going to allow me to deposit £1500 to buy in to a live mtt.
This goes the same for PS,GG et al.
How are players currently coping at say wanting to play a 5k or $200 mtt online at the moment - also when we go back to playing live will the poker rooms need to know where your money came from - this does seem like a big potential can of worms.
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celtic
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Re: Potential Introduction of Deposit Limits
«
Reply #1 on:
February 18, 2021, 04:17:22 PM »
I’m fairly sure casinos have been doing KYC on punters for a few years now.
Not sure it could work the same for poker.
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Doobs
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Posts: 16570
Re: Potential Introduction of Deposit Limits
«
Reply #2 on:
February 18, 2021, 04:53:33 PM »
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
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RED-DOG
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Re: Potential Introduction of Deposit Limits
«
Reply #3 on:
February 18, 2021, 05:04:34 PM »
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
This is the first I've heard of this. Do casinos actually check how much people earn before they can play?
What if you try to enter a poker comp with 100k in your account but you're retired/not working/etc/bone idle etc?
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doubleup
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Re: Potential Introduction of Deposit Limits
«
Reply #4 on:
February 18, 2021, 05:09:41 PM »
https://www.racingpost.com/news/latest/commission-weighing-up-affordability-evidence-but-no-timeline-set-for-findings/473931
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RED-DOG
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Re: Potential Introduction of Deposit Limits
«
Reply #5 on:
February 18, 2021, 05:49:02 PM »
Thanks.
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celtic
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Re: Potential Introduction of Deposit Limits
«
Reply #6 on:
February 18, 2021, 06:05:29 PM »
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
We (Run It Once) have been doing limits depending on income for some since we started 2 years ago. It's not just income tho, winnings and savings can be considered too.
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RED-DOG
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Re: Potential Introduction of Deposit Limits
«
Reply #7 on:
February 18, 2021, 07:06:49 PM »
Quote from: celtic on February 18, 2021, 06:05:29 PM
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
We (Run It Once) have been doing limits depending on income for some since we started 2 years ago. It's not just income tho, winnings and savings can be considered too.
So if I rock up at Run It Once and want to play what happens? Do you want to see my Bank accounts, tax returns or what?
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tikay
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Posts: I am a geek!!
Re: Potential Introduction of Deposit Limits
«
Reply #8 on:
February 18, 2021, 07:16:12 PM »
Quote from: RED-DOG on February 18, 2021, 07:06:49 PM
Quote from: celtic on February 18, 2021, 06:05:29 PM
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
We (Run It Once) have been doing limits depending on income for some since we started 2 years ago. It's not just income tho, winnings and savings can be considered too.
So if I rock up at Run It Once and want to play what happens? Do you want to see my Bank accounts, tax returns or what?
Just offer to buy Vinni dinner & you can have all the credit you want.
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(copyright Anthony James Kendall, 2016).
celtic
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Re: Potential Introduction of Deposit Limits
«
Reply #9 on:
February 18, 2021, 07:23:39 PM »
Quote from: RED-DOG on February 18, 2021, 07:06:49 PM
Quote from: celtic on February 18, 2021, 06:05:29 PM
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
We (Run It Once) have been doing limits depending on income for some since we started 2 years ago. It's not just income tho, winnings and savings can be considered too.
So if I rock up at Run It Once and want to play what happens? Do you want to see my Bank accounts, tax returns or what?
Blood sample from the dodgy sorts..
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celtic
Global Moderator
Hero Member
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Posts: 19111
Re: Potential Introduction of Deposit Limits
«
Reply #10 on:
February 18, 2021, 07:25:52 PM »
Quote from: RED-DOG on February 18, 2021, 07:06:49 PM
Quote from: celtic on February 18, 2021, 06:05:29 PM
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
We (Run It Once) have been doing limits depending on income for some since we started 2 years ago. It's not just income tho, winnings and savings can be considered too.
So if I rock up at Run It Once and want to play what happens? Do you want to see my Bank accounts, tax returns or what?
You have to verify your account first using an online verification system. If you pass that then you can play. If not, you will need ID & POA. Depending on deposits made from there depends on what you need to provide for us for the future.
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Keefy is back
But for how long?
RED-DOG
International Lover World Wide Playboy
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Hero Member
Offline
Posts: 46911
Re: Potential Introduction of Deposit Limits
«
Reply #11 on:
February 18, 2021, 07:31:00 PM »
Quote from: celtic on February 18, 2021, 07:25:52 PM
Quote from: RED-DOG on February 18, 2021, 07:06:49 PM
Quote from: celtic on February 18, 2021, 06:05:29 PM
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
We (Run It Once) have been doing limits depending on income for some since we started 2 years ago. It's not just income tho, winnings and savings can be considered too.
So if I rock up at Run It Once and want to play what happens? Do you want to see my Bank accounts, tax returns or what?
You have to verify your account first using an online verification system. If you pass that then you can play. If not, you will need ID & POA. Depending on deposits made from there depends on what you need to provide for us for the future.
Depending on depends...
Thanks Vin, That clears that up.
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nirvana
Hero Member
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Posts: 7804
Re: Potential Introduction of Deposit Limits
«
Reply #12 on:
February 18, 2021, 07:32:10 PM »
From a philosophical perspective I'd like to see all gambling closed down as far as possible. Perhaps with the exception of bricks and mortar casinos as I can just about find a rationale for their existence and it provides a big hurdle to vast numbers doing their dosh in the most nihilistic of fashions.
Setting aside a few whales with inherited wealth or similar, it's essentially licensed theft from one set of haves (skilled punters and firms) from dumbass punters who kid themselves they're getting some value from their experience of handing their money over to sharks.
I've loved playing poker at times, some good spells, the odd decent cash, drawers full of fiddys for decent periods, it was all great fun. Despite having no records , I'd imagine I'm a net contributor overall though.
I find it quite easy to rationalise on a personal level. ie I think the contribution was value for the distraction from real life it provided, for the enjoyment gained from the people I met along the way, for the fact I was lucky, never hard-up and never out of control.
But out of love and empathy for my fellow man, I welcome all the hurdles in peoples way to gamble and wish they were much higher.
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sola virtus nobilitat
RED-DOG
International Lover World Wide Playboy
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Re: Potential Introduction of Deposit Limits
«
Reply #13 on:
February 18, 2021, 07:36:12 PM »
Also from a philosophical perspective, what a 22 carat tosser you really are Glen.
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celtic
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Posts: 19111
Re: Potential Introduction of Deposit Limits
«
Reply #14 on:
February 18, 2021, 07:36:28 PM »
Quote from: RED-DOG on February 18, 2021, 07:31:00 PM
Quote from: celtic on February 18, 2021, 07:25:52 PM
Quote from: RED-DOG on February 18, 2021, 07:06:49 PM
Quote from: celtic on February 18, 2021, 06:05:29 PM
Quote from: Doobs on February 18, 2021, 04:53:33 PM
They are going beyond that Celtic, as the talk is about limiting bets to what you can afford.
I think if any limits are based on earnings, it is going to be pretty disastrous for me, as I haven't had any "earnings" for some time now.
It may well be a good thing for my poker these days, but doesn't really fit with my sports betting, where my bet sizing is very much limited by what I can get on rather than what I can afford. Need to find a high earner with an account...
I think it effects everybody, as UK poker field sizes are going to be affected. The fields may well get softer at higher levels for the UK as a lot of pros may struggle to prove earings.
We (Run It Once) have been doing limits depending on income for some since we started 2 years ago. It's not just income tho, winnings and savings can be considered too.
So if I rock up at Run It Once and want to play what happens? Do you want to see my Bank accounts, tax returns or what?
You have to verify your account first using an online verification system. If you pass that then you can play. If not, you will need ID & POA. Depending on deposits made from there depends on what you need to provide for us for the future.
Depending on depends...
Thanks Vin, That clears that up.
Sorry, multi-tasking.
I would imagine you would be OK to just do the online verification or ID/POA to maintain playing on the site for a while. All UK players have a standard 1k monthly deposit limit with us at the moment due to the UKGC restrictions during lockdown. That can be increased in a lot of cases.
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