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lyncho90

Loss limts enforcement

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1 hour ago, TheAverageGuy said:

Eloquently stated and obviously very well thought out, I'll certainly take some time to reflect upon your point of View. Thanks for sharing.

Speaking of common sense.. looks like UKGC takes another step in the right direction to cut back on some of the more common issues around KYC and Payments

  1876491933_Screenshot_2019-02-08SummaryofkeychangestoLCCP-2018-Summary-of-key-changes-to-LCCP-verification-2019pdf.thumb.png.5ef90fa846acd844c3b5577e73b9d0d5.png

It was only a matter of time before the first bullet point was implemented  - I'm sure the casino's will have pushed back on this one over the years. But it's good - same for the second one as well.

What's going to happen? HOPEFULLY, an end to this send in your documents, 4 corners etc and a move to electronic verification. Why? Faster and casinos will want you in theirs before you go to another.  

I'm interested in how the third one will apply though...particularly in relation to SOW: Maybe now casino's will be transparent in how and when they will SOW people: to be fair to them a few have said to me: One told me 10k lifetime deposits (sorry guys, that's not in line with AML) and one, yes a whole one, have gave me the correct answers - risk based (bit more subjective but if they're doing it right then I'll never be as my Play doesn't change: deposit, bust, deposit, bust :-p)

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3 hours ago, lyncho90 said:

I have been back and forth with omnia arguing my case. As it turns out their payment provider was unable to process the payment as apparently they don’t process to pre-paid MasterCard (revolut card) this despite the fact that they took my deposit from my pre-paid MasterCard. To me this is Omnias and their payment processors problem, not mine. I tried to withdraw and their payment processor did not complete the same, am I right or is there any precedence for this?

I've never deposited with a pre-paid before but Mastercard is hit and miss in terms of withdrawing back to it. Some sites, like Casumo, allow w/d back to mine (I don't really use them for it though - plus the UKGC is about to ban I think), some don't - most sites will tell you they process back to it but don't. Strange - tried to get a reason why and was told that it all depends on whether the 3D secure verification was in place the first time you deposit. Can neither confirm, not deny though. 

 

If they don't allow withdrawals back to it they should really disable the option when you go to do it - to be fair, I've only noticed a few sites that do this. Hazard a guess but the casino shouldn't really have gave the option to withdraw via that means then - not much the PP could have done if MC don't allow, I presume...

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1 hour ago, TheAverageGuy said:

This is what happens when we assign undeserved merit for mere participation. We declare that there are no losers, yet everyone knows the score.

If everyone wins and is entitled to a trophy regardless of effort or success then there is no need for individual accountability or personal growth.

If one is never accountable for failures and losses and always entitled to the rewards of success then the only reasonable explanation when they participate and the expected trophy isn't forthcoming is that someone or something else stole or impeded their deserved rewards.

This becomes all the more ridiculous when society on whole starts insisting that the onus of preventing personal failures or high risk behavior falls on anyone except the individual responsible. 

We have all kinds of fault or blame to assign, yet no one willing to accept it.

Casinos will happily prey on the failure of others to keep their impulses and negative behaviors in check as long as it benefits their bottom line and they can claim ignorance or avoid accountability.

Individuals with poor impulse control and self destructive tendencies will continue to indulge their base nature as long as they can self justify and assign fault to anywhere but themselves.

Both sides are equally comfortable accepting rewards that their negative actions created and/or rejecting accountability for any harm generated in the process.

Common sense needs  a resurgence.. and quick... 

If you're at bat, swing and miss not only did you fail to hit the damn ball but you cannot cry foul because you were put at risk by the person who threw the ball.

Stop blaming everything and everyone for failing to save you from your own negative actions.

Stop demanding more concern & respect for your well being than you're capable of/willing to give yourself.

If you want to point fingers and assign blame, do it in front of a mirror.

Fix yourself, then demand more from the world..

oh.. and teach your kids the same..

/end rant

 

 

Careful, they'll have the angry mob with The Pitch forks waiting for you at the gates 😉

 

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1 hour ago, pinnit2015 said:

 

What's going to happen? HOPEFULLY, an end to this send in your documents, 4 corners etc and a move to electronic verification.

I'm surprised in fact some upstart hasn't already cornered the market on a one stop verification shop, the player submits to them once, jumps through the hoops etc and the casinos are given a Green Light to accept the player's deposits and play. Seems like the most efficient way to go by far.

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58 minutes ago, TheAverageGuy said:

I'm surprised in fact some upstart hasn't already cornered the market on a one stop verification shop, the player submits to them once, jumps through the hoops etc and the casinos are given a Green Light to accept the player's deposits and play. Seems like the most efficient way to go by far.

Believe that's what some people want the UKGC to take on - verify Enhanced KYC through them and then get a code to input when registering with the casino - jobs a good un.  I can see the merit of it but not a chance they'd take that on.

Possibly could do the same with SOW but that'd still require the casinos cherry picking the players to send onto the UKGC PLUS, and it's the big issue, should something go wrong and the player is an international money launderer, the casinos would still possibly be liable. In effect, they're outsourcing their statutory duty to a third party and as a business you may not like that (i wouldn't: rule 1 of business school: never outsource strategically important functions)

 

Who knows though - pretty sure the UKGC is fed up listening (well, I am) to RG issues (bit rich since they're complicit in much of it). Casino's still having rubbish controls etc. Players free rolling. Casinos free rolling. It's the same old, same old. Must come a point where the paper straw breaks the camels back. 

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50 minutes ago, fortunado30 said:

So when I see a stop loss limit option on games? Should I sort of ignore this? How do I know if it is really going to protect me or not? 

Personally i think you're better with the deposit limit if you want to curb any desires. It's a lot more straight forward. If you're then concerned about getting a big win and then losing it then, other that jump straight into the RG page and then set a 'wager' limit, I'm not sure what else you can do. Or, go straight to withdrawal. 

Spoke about the issues with net loss limits and there's been other issues: if i have a 100 quid loss limit, am at 90 and then place a bet of 100: this may get accepted because at the point of the bet, you haven't actually Lost anything and some casino's will accept. Don't think that's correct but has came up...

Just noticed that you mean the loss limit on the specific games, like autoplay? Auch i don't bother with that personally. We only have 100 autospins in the UK - might be different if i was 5000 autospinning and didn't want to go below a certain balance. That one sets the loss from your starting balance so it's straightforward enough. Balance of 200, loss limit of 25, do 100 autospins and no win after no win - you'll come back to a balance of at least 175. 

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On 2/8/2019 at 3:08 PM, lyncho90 said:

I have been back and forth with omnia arguing my case. As it turns out their payment provider was unable to process the payment as apparently they don’t process to pre-paid MasterCard (revolut card) this despite the fact that they took my deposit from my pre-paid MasterCard. To me this is Omnias and their payment processors problem, not mine. I tried to withdraw and their payment processor did not complete the same, am I right or is there any precedence for this?

Yeah I know this point has already been addressed but you definitely cannot withdraw to a pre-paid Mastercard, well to my knowledge anyway, It's like the Skrill MasterCard you can't withdraw to that I assume all other pre-paid ones are the same. They should instead be offering you a bank transfer.

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