Talking Horses: How safe is the money in your online betting account?

Horseracing Bettors Forum warns punters that not all bookmakers guarantee the money in online accounts if they go under

With all European racing and most global racing and sport likely to be suspended for many weeks as a result of the coronavirus pandemic, the Horseracing Bettors Forum, an independent body representing punters’ interests, has warned bookmakers’ customers to make sure that any money they have deposited with online bookies will be protected if the firm goes under.

HBF issued an updated version of its Register of Protection of Funds on Thursday, which highlights the surprising degree to which internet gambling firms vary in the approach to ring-fencing deposits from customers. Using the different companies’ own Terms & Conditions (T&Cs), HBF highlights 23 where deposits are “Not Protected” according to a definition supplied by the Gambling Commission, which regulates all UK gambling operators.

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Source: theguardian
Talking Horses: How safe is the money in your online betting account?