Sounds a bit like Karl Pilkington: -
http://www.youtube.com/watch?v=G1mxk2wGJ_k
Betfair trading abroad
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
If your just thinking of doing it for the winter months then why not. If you live permanently overseas in the sun it soon becomes the norm and doesnt feel quite that great and as one poster said, you actually wish you could have a bit of a british winter just for a while.
I also live in Thailand for 12 years now and life is pretty good but for trading full time for a living feom here it isnt the most convenient because most.horses, cricket.and.football tend to be late evening. So make sure you choose somewhere on a favourable time zone or you will will be sitting out in the dark with a beer rather than ykur coffee
I also live in Thailand for 12 years now and life is pretty good but for trading full time for a living feom here it isnt the most convenient because most.horses, cricket.and.football tend to be late evening. So make sure you choose somewhere on a favourable time zone or you will will be sitting out in the dark with a beer rather than ykur coffee
moved one year ago in thailand bangkok just love its the best decision i made in my life
i trade full time and its the only income i have, as steven said it isnt the most convenient place cause the time difference especially for those that trade only football like me 4+ hours difference from europe and +5 from uk but i always was a late night guy so doesnt really bother me
i strongly recommend to anyone that trading full time atleast few months during winter time to travel
i trade full time and its the only income i have, as steven said it isnt the most convenient place cause the time difference especially for those that trade only football like me 4+ hours difference from europe and +5 from uk but i always was a late night guy so doesnt really bother me
i strongly recommend to anyone that trading full time atleast few months during winter time to travel
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Mr Undercover
- Posts: 226
- Joined: Thu Nov 03, 2011 7:22 pm
Guys,
Hate to throw cold water on the conversation but do consider the local gambling laws when trading from abroad, even when using a vps in the UK it can still be 'illegal' in the territory you are in, for example it's completely illegal to place sports bets across states in USA and that includes to overseas territories (UIGEA - Wire Act if you need to read up), and the law is perfectly clear it's the place from which the instruction was provided for the bet to be struck not where or how it was struck. If Betfair discover someone betting from a US territory (even good grounds to suspect) I can assure you 100% you would be shut down and probably have your balance seized. Places like France where BF don't have a license they will act to shut you down as a matter of routine.
I know this sounds draconian, and you just have to take my word for it, so play the game sensibly. If you login to your account from a restricted territory do everything via the VPS and no one is the wiser - 'Ask no questions and i'll tell you no lies' as someone once put it. But if you log in from a restricted territory via local internet there is a fair chance the ip will be detected. BF are audited in these matters by external agencies to protect their share holders from unnecessary risk.
I've used my VPS all over the place and there's nothing more gratifying that sipping a cold beer overlooking the med while earning cash but be careful this is a serious matter trust me i work in the industry and nothing is more sensitive than this issue.
Hate to throw cold water on the conversation but do consider the local gambling laws when trading from abroad, even when using a vps in the UK it can still be 'illegal' in the territory you are in, for example it's completely illegal to place sports bets across states in USA and that includes to overseas territories (UIGEA - Wire Act if you need to read up), and the law is perfectly clear it's the place from which the instruction was provided for the bet to be struck not where or how it was struck. If Betfair discover someone betting from a US territory (even good grounds to suspect) I can assure you 100% you would be shut down and probably have your balance seized. Places like France where BF don't have a license they will act to shut you down as a matter of routine.
I know this sounds draconian, and you just have to take my word for it, so play the game sensibly. If you login to your account from a restricted territory do everything via the VPS and no one is the wiser - 'Ask no questions and i'll tell you no lies' as someone once put it. But if you log in from a restricted territory via local internet there is a fair chance the ip will be detected. BF are audited in these matters by external agencies to protect their share holders from unnecessary risk.
I've used my VPS all over the place and there's nothing more gratifying that sipping a cold beer overlooking the med while earning cash but be careful this is a serious matter trust me i work in the industry and nothing is more sensitive than this issue.
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Mr Undercover
- Posts: 226
- Joined: Thu Nov 03, 2011 7:22 pm
Guys - just had a quick google search on Thailand gambling laws as i wasn't sure and a few of you mentioned trading there. It looks to me that online sports betting is total illegal so that means online sports trading as well - there are numerous sites where you can check this out http://www.9crown.com/TH/betting.aspx.
But, please heed the warning, BF would be quite within their rights to seize your account and all funds... their t&cs will say but they usually gift funds to gambling charities.
Worse than this is what the Thai authorities might do with you if you couldn't bribe your way out the situation.
It's one of those things where you don't even consider the risks or might not even be aware but it's a pandora's box you'll wish you never opened.
good luck.
But, please heed the warning, BF would be quite within their rights to seize your account and all funds... their t&cs will say but they usually gift funds to gambling charities.
Worse than this is what the Thai authorities might do with you if you couldn't bribe your way out the situation.
It's one of those things where you don't even consider the risks or might not even be aware but it's a pandora's box you'll wish you never opened.
good luck.
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viper.trader
- Posts: 32
- Joined: Fri Sep 07, 2012 6:21 pm
- Location: uk
Loads of ex pats out there trade or gamble play poker, they even do it in there local bars, with the free wi fi. Just use netteller or an account from your home country. Most betting sites have thai as a currency you can use if you wish.
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Mr Undercover
- Posts: 226
- Joined: Thu Nov 03, 2011 7:22 pm
I'm sure they do but unfortunately it doesn't make it legal. All i'm saying is be aware of the risks you are taking... the fact everyone else was doing it isn't going to help you when caught. It's so easy to take precautions to prevent being caught why take the risk.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
It is illegal to gamble with the exception of horse racing. As it is.the police that run the show with gambling they tend to be to.busy collecting their back handers from.the illegal.casinos, local bookes, brothels, boiler rooms etc... To worry about a few expats on bf
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Mr Undercover
- Posts: 226
- Joined: Thu Nov 03, 2011 7:22 pm
it's a fair point, you can bribe your way out of most trouble in Thai, the real threat is what will BF do if they discover you are betting from an illegal territory they are quite within there rights to seize your balance as the proceed of crime. Personally i wouldn't put myself in that situation when it's so easy to hide your ip address.
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Mr Undercover
- Posts: 226
- Joined: Thu Nov 03, 2011 7:22 pm
Guys - While I was at work this week I did a bit of checking, it is a condition of Betfair's license that they don't accept bets from territories where gambling is 'illegal'. I'm fully aware a lot of this does goes on but just be aware, if matters are brought to their attention they have to act according to written policy...
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
They should start by not accepting credit cards from restricted countries! It wouldnt surprise me in the least if some large chunks of money come from restricted countries on football games from under ground bookies. Just a thought.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
Yep, Singapore has laws that stop gambling and yet they build the huge sands complex. Also I think Macau now takes more money than vegas as its only a 30 min boat ride from HK and within an easy drive of some major Chinese cities.
Here in Thailand its illegal and yet they have Thai publications with football odd published s from big UK bookies advertised all over them. So whilst by the letter of the law in regards their licences they maybe shouldnt be advertising here or accepting payments from countries such as UAE, Singapore, Thailand etc... they do even with the risks that are involved for them.
Here in Thailand its illegal and yet they have Thai publications with football odd published s from big UK bookies advertised all over them. So whilst by the letter of the law in regards their licences they maybe shouldnt be advertising here or accepting payments from countries such as UAE, Singapore, Thailand etc... they do even with the risks that are involved for them.
With the Internet being the way it is I think it's folly for governments to block things, not just gambling. Better to manage it than have it off the radar.
I spoke to somebody who represented Betfair in Asia a little while ago. It was a massive market but all controlled by vested interests and inaccessible for the west. Would be interesting to see that market open up.
I spoke to somebody who represented Betfair in Asia a little while ago. It was a massive market but all controlled by vested interests and inaccessible for the west. Would be interesting to see that market open up.