I long ago made the decision to walk away from betting if my only option is to hand over financial info I wouldn't tell a close relative.
At most they should only be making credit score checks.
My ongoing financial details and whether I can afford an activity or not is no ones business but mine, whether it's a few quid on a horse, booze or splurging a load of money on anything else.
At the moment betting profits are tax free but I doubt it is if you are doing so through a ltd company as a business.
Big bookies, like any plc , are only concerned about the bottom line and shareholders, customers are just a means to an end, hence the plc bookies don't want winners or even potential winners, but only 'recreational' punters aka consisent losers to feed the bottom line.
I binned off Geoff Banks before I even started when he asked for bank statements, he was making his mouth go on twatter so I showed screenshots of how he wants just the same info as those he was slagging off, immediately blocked me.
As I replied to RP editor today on twatter , punters are the plankton of the whole horseracing industry eco sys, which all ultimately rely on. Affordability checks means less punters and ergo less money and less horseracing industry at all levels.
Will be interesting to see what happens when the levy collapses, which I think is what it will take before the BHA really wake up.
I'm suspicious as to why the more pernicious lottery scratchcards are not being targeted? I would bet £500 a person(s) who is very anti horse racing is at he root of this.
Me , if pushed, I'll shift my mental exercise to spread betting on the stockmarket, I bet that's not subject to these 'checks' either.