Betting accounts
Just a heads up incase you have not thought about it Maybe does not effect many on here but if you do have a online betting account and you have funds in them you may in these difficult times wish to find out the level of pretection you have and take possible action. There are three main levels of protection that a bookmaker must match.Basic – No protection. Your money is held in the account within the buisness with no protection Medium – There are arrangements to make sure that the money in separate accounts to the buisness is given to customers if the company goes bust. This is covered allso by insuranceHigh – Customers’ money is held in an account which is legally and in practice separate from the rest of the company. This account is controlled by an independent person or external auditor.Cant list all as so many but from the names we know the following may need your attention. Betfair both exchange and sportsbook along with Paddypower and Coral are in the high category. Ladbrokes are listed as medium along with SKYbet and bet365William Hill are listed as between medium-to basic so some risk within. Dont have full details of why they are inbetween the two.Betfred and Tote are listed as Basic so your money is at risk with no protection so needs your attention if holding a positive balance.
Julian Pavey ● 2420d2 Comments