Thoughts on the Virtual Betting Shop

Discussion in 'Horse Racing' started by Ron, Jan 16, 2020.

  1. Ron

    Ron Well-Known Member
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    I've been thinking that maybe a few changes could be made to better reflect a betting shop. However, I am not planning to extend the type of bets (singles only). My thoughts are more like:
    • continuity. Rather than starting again each season the accounts will continue until they are closed by request. Initially this was going to be a seasonal competition but when I steered away from that I didn't really re-think the concept
    • withdrawals. Profits may be transferred into a virtual "Savings Account", reducing the betting fund
    • deposits. £1,000 deposit permitted at the start of each season. This may be either a virtual deposit or a transfer from the virtual "Savings Account"
    • statements. Apart from the balance statement and history of bets currently provided, there would be bank type statements showing current and saving accounts
    This will retain the safety net that no more than £1,000 can be lost in any one season

    If I do this, I will carry over any profits from the first season (flat season 2019)

    Just thoughts; no starting date planned as it will take effect retrospectively
     
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  2. redcgull

    redcgull Well-Known Member

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    I'd like to join in Ron but I hardly bet on the flat, I do for the Saturday comp as I'm always looking at the racing at the weekend anyway, but if you had to have a bet once a week etc then I would probably not enter...

    Sounds good, let's see...
     
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  3. Ron

    Ron Well-Known Member
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    No that isn't a condition red. The account is there for you to bet when you want. At present there is a rule that you must place at least one bet per month but I will probably ditch that
     
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  4. Reebok

    Reebok Well-Known Member

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    I'm easy

    Apparently
     
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  5. Ron

    Ron Well-Known Member
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    <laugh>
     
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  6. gazboy

    gazboy Well-Known Member

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    <badger>
     
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    Last edited: Jan 18, 2020
  7. gazboy

    gazboy Well-Known Member

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    Oh I'm easy too
     
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  8. Ron

    Ron Well-Known Member
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    Having given this a bit more thought, I'm just going for simple extension. Profits from the initial "Flat races only" will be carried over retrospectively, as hinted. The VBS thread has been updated
     
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    Reebok likes this.

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