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elgard
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PostPosted: 19:57 - 08 Jan 2013    Post subject: gambling adverts Reply with quote

So the country is skint,alot of people are skint, Thousands of people are out of work or losing there jobs.

But over christmas i couldn't help notice that there has be a big increase in gambling adverts from bookies, online casions and fruit machine type apps for your phone where they say "Daily payout of X millions"

Who lets these arseholes put these on these adverts on tv to try and get the poor people to part with there last few quid they have.

I don't gamble myself but it just pisses me off because someone is getting stinking rich off other people misery. Then to top it off it say's gamble aware at the end. Like they give a fuck.

Sorry rant over
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The Artist
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PostPosted: 19:59 - 08 Jan 2013    Post subject: Reply with quote

Because capitalism.
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keggyhander
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PostPosted: 20:03 - 08 Jan 2013    Post subject: Re: gambling adverts Reply with quote

elgard wrote:
A rant I agree with


I'm a libertarian who believes in guns, drugs etc, but I'd ban online gambling in a fucking heartbeat.
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Polarbear
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PostPosted: 20:14 - 08 Jan 2013    Post subject: Reply with quote

There was another thread a bit ago about this.

There must be a huge number of on line gamblers to support all the sites, apps and whatever. What happened to blacked out windows in the local bookies and people looking as furtive as if it was a sex shop!
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pepperami
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PostPosted: 20:23 - 08 Jan 2013    Post subject: Re: gambling adverts Reply with quote

keggyhander wrote:

I'm a libertarian who believes in guns, drugs etc, but I'd ban online gambling in a fucking heartbeat.


Shocked Shocked Kin Ell Shocked Shocked never thought I`d see the day I would agree with the mighty Keggy Smile Thumbs Up
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oldpink
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PostPosted: 20:38 - 08 Jan 2013    Post subject: Reply with quote

I love when they follow the gambling / bingo sites just before or after the Wonga or some other payday ripoff merchant

Lose your money gambling then get a 3000% apr loan to gamble some more Laughing
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Raffles
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PostPosted: 22:11 - 08 Jan 2013    Post subject: Reply with quote

oldpink wrote:
I love when they follow the gambling / bingo sites just before or after the Wonga or some other payday ripoff merchant

Lose your money gambling then get a 3000% apr loan to gamble some more Laughing

Have you seen who's fronting the ads for the latest bunch of scammers?
https://www.dailymail.co.uk/tvshowbiz/article-2258974/Kerry-Katona-Formerly-bankrupt-star-criticised-signing-new-face-payday-loans-service.html
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Polarbear
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PostPosted: 22:58 - 08 Jan 2013    Post subject: Reply with quote

Can't really blame her though. She's only making a living.

If these payday loans are as bad as everyone say's they are then the government should step in and limit the interest they can charge. That isn't going to happen though and I suppose if you have wonga & co. then maybe there aren't as many loansharks breaking limbs for non payment.

The trouble is, with the shit hitting the fan at the moment, some people have no where else to turn. Thumbs Down

Gambling sites, payday loans, the lottery. FFS half the people in this country are banking on a big win somewhere to keep themselves off the streets.
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oldpink
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PostPosted: 23:03 - 08 Jan 2013    Post subject: Reply with quote

personally I don't gamble, maybe the occasional pound in the puggy in the pub
I've only ever done the lottery 4 times (big rollovers) and maybe a pound on the national if I remember
my other vices take up most of my money Laughing

Polarbear wrote:

If these payday loans are as bad as everyone say's they are then the government should step in and limit the interest they can charge. That isn't going to happen though and I suppose if you have wonga & co. then maybe there aren't as many loansharks breaking limbs for non payment.


government are investigating them and closed some down already and getting tough on others
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pinkyfloyd
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PostPosted: 09:25 - 09 Jan 2013    Post subject: Reply with quote

In a similar vein. This is where the Portsmouth city centre job centre is.

https://img.photobucket.com/albums/v494/be1ly/pompey.jpg

As seen with the green arrow.

Now I am not sure whether this is a cleverly thought out set of plans or sheer idiocy on the councils part to allow the rest of the places shown.

William Hill the betting agents practically next door
An Amusement arcade next to that.
Opposite that is Bright House, that pay weekly store.
And just around the corner is a Post Office to cash the giro.
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GF-91
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PostPosted: 09:52 - 09 Jan 2013    Post subject: Reply with quote

I don't see how they are taking advantage of the poor?
You either gamble or you don't, nothing to do with being rich or poor.

Just because you don't agree with gambling doesn't mean it's necessarily wrong.

Or does it?

I honestly don't understand how you can have a go at the adverts that have "gamble aware" at the end; when they are offering the service out to people who might need some help, advice, support or whatever. I'll bet the service gets used quite a lot and has saved quite a few people from getting themselves into trouble.

Also, you can't compare gambling to these pay day loan cunts.
They are the real ones taking advantage of the poor.

Oh yeah borrow 50 quid, and pay it off FOREVAAAH
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pinkyfloyd
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PostPosted: 10:10 - 09 Jan 2013    Post subject: Reply with quote

GF-91 wrote:


Also, you can't compare gambling to these pay day loan cunts.
They are the real ones taking advantage of the poor.

Oh yeah borrow 50 quid, and pay it off FOREVAAAH


Have you seen the interest on some of those things?

OK fair enough they are designed to "help" until you get paid but if you do spread the cost out heres some interesting interest rates:

Payday UK: Representative Example: ³£275 borrowed for 28 days. Annual interest rate of 359.40% (fixed). Total amount repayable by one repayment is £357.36. 2090% APR Representative.

So thats just under an extra £80 out of your paycheck using that site.

Quickquid: 1734%APR

Best one so far is Wonga with their 3 little old people. Their APR is a staggering 4214%APR

Now going back to "These sites are supposed to be there to help out" when your short between pay days. Take a think about it this way. If you are short 1 month and have to borrow £275 from one of these companies only to pay back an extra £80 on top of your loan then whats the chances you are going to need them again next month? And the month after? And ..... ETC

Then you miss a payment and you have to pay even more on top of that.

I think I'd rather bet on that horse if its all the same to you. Got more chance of getting a return. Laughing
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smegballs
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PostPosted: 11:12 - 09 Jan 2013    Post subject: Reply with quote

Financial darwinism.... people should be free to fuck themselves over if they want to. Who are we to say "you shouldn't do that, we know best"?

Personally I don't gamble, essentially a massive waste of money.
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pa_broon74
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PostPosted: 12:36 - 09 Jan 2013    Post subject: Reply with quote

Adverts on TV are basically a broadcast representation of the high street. Most small town high streets are dead except for Brighthouse, cash generator, the ubiquitous payday loan shops, ladbrokes etc, B&M/Poundstretcher/Poundland/factory outlet and the full range of charity shops.

Even in my own life time I remember local high streets having none of those shops.

Its just depressing and a damning indictment of what the UK has descended to.

Gambling for most I think is a hobby, I used to spunk a ton of money on cigarettes so I'm not going to judge, I just can't understand why you'd feel the need to do it in so many and ever more convenient ways, if you can't even go a bus journey without having a bet, I think you may have a wee problem.

There, I'm a hypocrit, I just judged.

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chris-red
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PostPosted: 12:39 - 09 Jan 2013    Post subject: Reply with quote

I don't see a problem with it, if you are skint don't gamble. If you are dumb enough to think you are gonna be a winner you deserve to loose your money.

What next banning TV adverts because poor people can't afford em?
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angryjonny
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PostPosted: 12:51 - 09 Jan 2013    Post subject: Re: gambling adverts Reply with quote

elgard wrote:
Then to top it off it say's gamble aware at the end. Like they give a fuck.

They don't, but are presumably legally required to include the gamble-aware stuff.

Same as alcohol companies have to say "enjoy responsibly" and "drink aware" when what they'd much rather say is "Enjoy irresponsibly, in fact choke back gallons of this stuff nightly until your liver packs up and you're finally released from this unrelenting mix of drudgery and turmoil we refer to as life. You can consider our fermented apple-juice an emergency-exit from a planet populated with six billion people who would knock your mother in front of a train in a heartbeat if she was between them and fifty quid. Get your kids started young too."
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The Artist
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PostPosted: 13:39 - 09 Jan 2013    Post subject: Re: gambling adverts Reply with quote

angryjonny wrote:


Same as alcohol companies have to say "enjoy responsibly" and "drink aware" when what they'd much rather say is "Enjoy irresponsibly, in fact choke back gallons of this stuff nightly until your liver packs up and you're finally released from this unrelenting mix of drudgery and turmoil we refer to as life. You can consider our fermented apple-juice an emergency-exit from a planet populated with six billion people who would knock your mother in front of a train in a heartbeat if she was between them and fifty quid. Get your kids started young too."


Not enough room on the screen for all that.
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fatpies
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PostPosted: 13:40 - 09 Jan 2013    Post subject: Reply with quote

Because it isn't social Darwininsm? If we did it would be no problem. But we don't.

What we have is people making loans who can't either by intent or otherwise can't won't pay them back.

So you get somebody who runs up £50K of debt...

What do you think they are going to do? Pay it off or welch the debt by going bankrupt?

If they go bankrupt the rest of society i.e. me and you have to pick up the tab.

We're seeing this in the housing market today. People using loose easy credit bidded up the prices massively. This caused the cost of living to go to the moon so companies moved outside the UK.

To bail out these irresponsible people. They put interest rates to 0.5% and are printing money. Killing pensions, killing bank deposit returns and killing the economy.

Thats not social darwinism. That is a lack of moral hazard.


If it were social darwinism. Bankruptcy would be illegal.
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fatpies
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PostPosted: 13:42 - 09 Jan 2013    Post subject: Re: gambling adverts Reply with quote

angryjonny wrote:

Same as alcohol companies have to say "enjoy responsibly" and "drink aware" when what they'd much rather say is "Enjoy irresponsibly, in fact choke back gallons of this stuff nightly until your liver packs up and you're finally released from this unrelenting mix of drudgery and turmoil we refer to as life.



No...

Drug dealers and to be fair alcohol is a drug. Aren't so stupid. They want people to drink in high moderation.

Really, they do, because dead customers tend not to buy any more of their products.

While alcohol companies might make a fat wedge in the very short term, with dead customers they'll lose big time in the future.
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pa_broon74
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PostPosted: 14:01 - 09 Jan 2013    Post subject: Reply with quote

fatpies wrote:
Because it isn't social Darwininsm? If we did it would be no problem. But we don't.

What we have is people making loans who can't either by intent or otherwise can't won't pay them back.

So you get somebody who runs up £50K of debt...

What do you think they are going to do? Pay it off or welch the debt by going bankrupt?

If they go bankrupt the rest of society i.e. me and you have to pick up the tab.

We're seeing this in the housing market today. People using loose easy credit bidded up the prices massively. This caused the cost of living to go to the moon so companies moved outside the UK.

To bail out these irresponsible people. They put interest rates to 0.5% and are printing money. Killing pensions, killing bank deposit returns and killing the economy.

Thats not social darwinism. That is a lack of moral hazard.


If it were social darwinism. Bankruptcy would be illegal.


If you think the kind of personal debt we're talking about here (wonga.com etc) is responsible for the wider economy tanking, you're way off the mark.

What these companies want is to essentially imprison people in debt contracts, if it really was the case that people could 'just go bankrupt' the lenders would never lend in the first place.

These people are irresponsible, but they're not responsible for the banks having to be 'bailed out' or low interest rates.

Even the housing market point you make is off target. We're told again and again to buy buy buy our homes, its the way forward, ever since the 80's. If you don't buy your own home you're a mug.

All it was, was a ponzi scheme initiated by the banks via government. I don't want to sound like a tinfoil hat-wearing loon but, the government want people indebted, it keeps us all scared and in our place, the banks just facilitated that with mortgages beyond what people could really afford. Its now coming back to bite them on the arse because it went too far, hence the casino banking and rehypothecation among other 'exotic financial products' they developed to fuck us all in the backside.

All wonga.com and cash chequeing companies do is keep already poor people poor, the gambling crowd take advantage of the hard-of-thinking by hinting to them that all their financial woes can be solved in one fell swoop.

What you've actually done is what the government are currently doing; blaming poor people for the recession, seriously? Rolling Eyes

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fatpies
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PostPosted: 14:06 - 09 Jan 2013    Post subject: Reply with quote

pa_broon74 wrote:

What these companies want is to essentially imprison people in debt contracts, if it really was the case that people could 'just go bankrupt' the lenders would never lend in the first place.


Wonger etc are unsecured loans, they get wiped out if you go bankrupt. The only loans which don't get wiped out are student loans.


pa_broon74 wrote:

Even the housing market point you make is off target. We're told again and again to buy buy buy our homes, its the way forward, ever since the 80's. If you don't buy your own home you're a mug.

All it was, was a ponzi scheme initiated by the banks via government. I don't want to sound like a tinfoil hat-wearing loon but, the government want people indebted, it keeps us all scared and in our place, the banks just facilitated that with mortgages beyond what people could really afford.


Sort of, I think the government pushed debt not to imprison people because you can always go bankrupt. But to make up for the fact the UK has been in decline for decades.

Borrowing and debt for consumption has masked the fall of real earnings for the past 30 years.
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angryjonny
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PostPosted: 14:45 - 09 Jan 2013    Post subject: Re: gambling adverts Reply with quote

fatpies wrote:
angryjonny wrote:

Same as alcohol companies have to say "enjoy responsibly" and "drink aware" when what they'd much rather say is "Enjoy irresponsibly, in fact choke back gallons of this stuff nightly until your liver packs up and you're finally released from this unrelenting mix of drudgery and turmoil we refer to as life.



No...

Drug dealers and to be fair alcohol is a drug. Aren't so stupid. They want people to drink in high moderation.

Really, they do, because dead customers tend not to buy any more of their products.

While alcohol companies might make a fat wedge in the very short term, with dead customers they'll lose big time in the future.

Hence the "get your kids started" clause.

Anyway, it takes decades to push your liver beyond salvage whereas an accidental overdose of smack will see you off pretty much instantly. Would Diageo have preferred that George Best had a snifter of port at Christmas instead? Course not.

Also, I've yet to see any company that thinks more than 5 years into the future strategy-wise. Instant profit over long-term sustainability every time. Any CEO wants to be able to interview for their next job saying "I doubled Globomax's EBITDA in 2 years" without mentioning the consequences. Who cares what state the company is in after they've retired? It's the same principle behind why our seas have no fish left in them.
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smegballs
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PostPosted: 14:50 - 09 Jan 2013    Post subject: Reply with quote

fatpies wrote:


Wonger etc are unsecured loans, they get wiped out if you go bankrupt. The only loans which don't get wiped out are student loans.



So with an unsecured loan, there's no way a creditor can extract their cash from you, such as seizing assets paid for with loaned money?

So in theory, I could get as much credit as possible, buy a load of goods. Declare bankruptcy, keep the goods that were bought with borrowed cash and then sell them for a profit?
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pa_broon74
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PostPosted: 15:08 - 09 Jan 2013    Post subject: Reply with quote

Going bankrupt doesn't clear debt, although funnily enough its a bit of a microcosm of the banks to-big-to-fail thing where if you have enough debt then it will mostly be written off.

Its not true to say however if you go bankrupt unsecured debt is cancelled, its not, the lender just goes on the list of creditors to be paid from assets not already used as security.

Someone with say, £30k's worth of unsecured debt, with a decent credit score and the where-with-all to service the debt wouldn't be allowed to go bankrupt, its not something you can just do when you feel like it. There are products out there to restructure debt, but that is just a Financial Advisor negotiating on your behalf with some legal protection in place.

I don't think the government did push all debt, just mortgage debt. I can't remember the name of the policy, I'm sure its a conservative thing... Its about tying people to property and loading on contractual responsibility. Government benefits because it ties you down and keeps you servile (the more you have, the more you have to lose. Like giving prisoners TV's so if they kick off they can be taken away.)

The banks on the otherhand profit handsomely out of it.

You're totally right about borrowing masking true income and the value of money, its a vicious circle and they've fucked it up in a most universal way.

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smegballs
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PostPosted: 15:29 - 09 Jan 2013    Post subject: Reply with quote

The whole "down with capitalism, no bank bailouts" thing makes me laugh.

As if govt selectively subsidising failing businesses isn't the total anti-thesis of free-market thinking. Laughing
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