Gaurenteed Lay

New betting site Black Type Bet promises not to ban customers

• New site trying to trade in a traditional way
• Black Type admant it will not close winning accounts
Black Type Bet

Successful gamblers will not have their accounts restricted by a new site, Black Type Bet.

Thursday 25 August 2016 22.14 BST Last modified on Thursday 25 August 2016 22.18 BST

A prominent campaigner for increased consumer rights for punters has offered a cautious welcome to a new player in the crowded internet gambling market: a bookmaking site that claims it will not ban or restrict its customers for winning, and will guarantee to lay any price to lose at least £500.

“It’s positive that an online bookmaker is trying to trade in a traditional way,” Brian Chappell, the founder of the website justiceforpunters.org, said on Thursday. “This type of approach, if it continues, will certainly be welcomed by most punters, especially the thousands who have their bets restricted to pennies by the major players.”

Shareholders in Black Type Bet, which launched on Wednesday, include Mylo Sangster, the grandson of the famous owner-breeder Robert, whose blue and green silks were among the most famous of the last 50 years. The new firm is seeking a niche in a highly-competitive market which has seen a number of bookies come and go in recent years, on occasions taking their customers’ deposits with them, but Black Type is staking its claim to be different on a willingness to lay bets at advertised prices.

A bookie that accepts your money might not sound revolutionary but in recent years increasing numbers of online gamblers have suffered the frustration of attempting to place bets on racing and sport with major firms, only to find their stakes restricted to tiny amounts, or refused altogether.

The Horserace Bettors Forum, a group launched by the British Horseracing Authority to represent the interests of racing punters, also recently claimed at least 20,000 accounts were closed by bookmakers in the first six months of 2016. This, according to Simon Rowlands, the HBF’s chairman, raised fears that “the appeal of betting on horse racing is possibly being seriously eroded by the trading practices of individual bookmakers.”


Black Type is adamant that it will not close winning accounts, with the sole caveat that customers using computer programmes to “arb” bets via betting exchanges – that is, take a price on their site and lay it on an exchange for a small, guaranteed profit – will be barred on a “three-strikes-and-out” basis. There are no gaming products – such as virtual slot machines and roulette – on the site, and Stephen Davison, a spokesman for the company, said its promise to lay its prices to lose at least £500 is cast iron.

“It’s there on the site in big letters and there’s no hiding away from it,” Davison said. “This is not a project that’s been built up overnight.

“We’re after day-to-day £20 each-ways, £50 to win and £1 Lucky 15s, and there are plenty of punters like that out there who are disillusioned because they’ve won a bit somewhere and been closed, or they’ve backed something at 12-1 that’s gone off at 6-1 and the bookie has decided they don’t want their business.”

To maintain its margins, Black Type will not offer the “Best Odds Guaranteed” concession on racing that is widespread among major firms, or offer inflated odds or free bets to new customers. It is, in a sense, an attempt to return to traditional bookmaking practices in the internet age, and only time will tell how successful that can be.

Chappell, a fierce and persistent critic of bookmakers on the issue of restrictions and account closures, is one of many who will watch with interest. He also points out that the Australian state of New South Wales introduced legislation in January 2015 which forces bookies to honour guarantees on the minimum bets they will lay, and that a number of firms have seen their turnover and profitability rise as a result.

He would like to see the Gambling Commission, which regulates the industry in Britain, introduce equivalent rules for bookies trading in the United Kingdom. “At the moment, bookmakers are advertising prices but they are discriminating,” he said. “It’s not just a few people, as they claim. It’s thousands and thousands of people.”

ohhhhh.

i was hoping just for a telephone number

It's a sad reflection on the state of the UK bookmaking industry when an announcement like this receives such publicity - and being prepared to lay a horse to lose a monkey is nothing to boast about.

its a joke…...

I've registered and deposited.Now just need them to other early prices on SA racing. :lol:
I can guarantee they wont lay my Dundalk bets by Xmas.
Read their small print,they have a three strikes and your banned rule if they think your arbing,which with the guys I deal with will look like 99/100 bets.They should think about letting the first few in and ban the sheep.

Biggest fark up for any right minded punter is Shitfair,sorry I meant Betfair.

Bookmakers are lazy plain and simple , I used to lay until I had taken enough then cut the price , someone phones up wanting too much you lay them as much as you can then cut the price

Their site is powered by FSB Technology (and they come under FSB's licence for UK Gambling Commission purposes). FSB power a number of other sites such as Dafabet, 21Bet and Gentingbet, yet the Black Type odds are different (usually a bit better) to those on all the other FSB sites (at least the horse racing odds are). Have never seen different odds on bookmakers sharing the same platform provider before.

Let us know how you get on with them, Dave. I hope I'm wrong, but my guess is that they will either (a) have to start closing winning accounts, (b) be forced cut their odds and limits, (c) go down the pan or (d) all of the above.

They layed.
£200 at 5/1 Balcony in 4-55 Navan
£100 ew Admodum at 5/1(was 6/1 with paddies) in 4-20 Navan

Others done elsewhere.
Sheisdiesel ew 8/1 2-15race
Ducky Mallon ew 8/1 3-20race

Suppose i would be quite happy with a bookie laying me a single to a monkey, as long as the rule was set in stone and everyone got on..

When i ran the independents i would only lay "strangers" a single to lose a grand unless it was a better quality event

but that was mostly because i was stung with a few dodgy scottish fitba matches

davetheflower wrote: Others done elsewhere.
Sheisdiesel ew 8/1 2-15race
Ducky Mallon ew 8/1 3-20race

Ching Ching well done DTF