William Hill offers customers $1000 credit

[GROTTO]

British online gaming giant William Hill, which bought Sportingbet, Centrebet and tomwaterhouse.com.au in 2013, has recently called customers to alert them to an offer of credit, which the industry calls a ‘deferred settlement facility’. News.com.au is aware of at least one instance in which a customer received a call and was told he can have access to $1000 in credit to gamble with, as long as he paid it back within the week.

http://www.adelaidenow.com.au/busin...mers-1000-credit/story-fni0cms5-1227286743077

Is there a roll over requirement when given a credit by a book?
.

 

[iluvparis]

Slow news day in Adelaide?

 

[Lensen]

i both don't understand why this is a news article and also the roll over question

 

[GROTTO]

Slow news day in Adelaide?

Actually its the headlines in Adelaide today.

No its actually taken from news.com.au so not sure which city it originated from.

 

[GROTTO]

If you are given $1000 credit and place only $200 in bets and they happen to win and you end up with say $1200, does the book take back automatically at the end of the week the $1000 from your balance, leaving you with $200 that you can withdraw at any time? Or are you expected to have placed bets totaling $1000.

 

[old scholar]

Think of it like a credit card.

If you place $200 of bets that lose, you are -$200 and they'll expect you to pay that amount into your account within a week.

If you win $200, your balance is $200 and you can withdraw $200.

You won't be able to withdraw when your account is negative.

 

[Lensen]

You aren't given $1000

They effectively let you run your balance to minus $1000 rather than $0. If at the end of the week you are in positive you can withdraw. If negative you owe them and pay them

 

[GROTTO]

You aren't given $1000

They effectively let you run your balance to minus $1000 rather than $0. If at the end of the week you are in positive you can withdraw. If negative you owe them and pay them

Ok. I was curious how the credit feature operated.

 

[checkraiseulite]

You aren't given $1000

They effectively let you run your balance to minus $1000 rather than $0. If at the end of the week you are in positive you can withdraw. If negative you owe them and pay them

how is this not obvious to anyone reading the op?

practical I guess for responsible punters, potentially very dangerous for problem gamblers/tilt monkeys.

 

[Jugada]

Credit is great. Im not in the corner of protecting degenerate dip shits from themselves

 

[A11dAtP0w3R]

Credit is great. Im not in the corner of protecting degenerate dip shits from themselves

 

[Jugada]

 

[KardiniaPark]

You aren't given $1000

They effectively let you run your balance to minus $1000 rather than $0. If at the end of the week you are in positive you can withdraw. If negative you owe them and pay them

This is really difficult, so bare with me. What you are saying is I can use it on football? What if I want to bet on a horse on my William Hill account but then want to have a Footy Quad at the tab. Would someone from William Hill walk down to the tab and put it on for me or would I have to withdraw my money at 6.10pm on a tuesday Perth time?

 

[PuntingFanatic]

This is really difficult, so bare with me. What you are saying is I can use it on football? What if I want to bet on a horse on my William Hill account but then want to have a Footy Quad at the tab. Would someone from William Hill walk down to the tab and put it on for me or would I have to withdraw my money at 6.10pm on a tuesday Perth time?

Not even remotely funny. Stop trying so hard old man.

 

[happy punter]

Credit facilities are something I stay away from when it comes to betting accounts. However I have always been curious - does anyone know if for example willhill extended credit to someone, will this appear as a credit enquiry in your personal credit report from Veda?

 

[Lensen]

Credit facilities are something I stay away from when it comes to betting accounts. However I have always been curious - does anyone know if for example willhill extended credit to someone, will this appear as a credit enquiry in your personal credit report from Veda?

when i first set up all mine across about 8 books or so years ago, only betstar appeared on mine

 

[happy punter]

when i first set up all mine across about 8 books or so years ago, only betstar appeared on mine

Maybe I am naive but surely if I applied for credit with willhill, it was approved and appears on my credit file as an enquiry, it is not a good look for prospective credit providers that I have credit with a betting firm.

Were you not concerned about this when applying for credit with sportsbooks?

 

[Lensen]

Maybe I am naive but surely if I applied for credit with willhill, it was approved and appears on my credit file as an enquiry, it is not a good look for prospective credit providers that I have credit with a betting firm.

Were you not concerned about this when applying for credit with sportsbooks?

I was comfortable at the time with only one appearing on my credit file; it was only for $500 and given the amount of VISA debit card transactions on my betting account that would've been a much bigger "concern" than a single CRAA enquiry

I work in loans though and knew how it could be explained etc so not a massive concern for mine. Getting 4-5 enquiries in a short time and then applying for a loan is a different story

 

[iluvparis]

when i first set up all mine across about 8 books or so years ago, only betstar appeared on mine