Earnings from Beting, Is eligible for Tier 1 General

[email257525]

Hi,
Friends

To fulfil the earning requirements for Tier 1 General, Can I Claim points for earing from beting, When beting at internet and get all money into the bank accout,

Thanks.

[psdesai]

Just when you think you hav seen it all....

I suppose not ...is the answer

[ChetanOjha]

Did you paid tax on it? Do you have corroborative evidence for the same(from two difference sources?). Well even if you have you cannot.

Hi,
Friends

To fulfil the earning requirements for Tier 1 General, Can I Claim points for earing from beting, When beting at internet and get all money into the bank accout,

Thanks.

[yasa]

Hi,
Friends

To fulfil the earning requirements for Tier 1 General, Can I Claim points for earing from beting, When beting at internet and get all money into the bank accout,

Thanks.

u r insane dude.... are you serious about it???? if yes then the answer is NO...

[ChetanOjha]

u r insane dude.... are you serious about it???? if yes then
the answer is NO...

[Sten]

Did you paid tax on it?

there is not tax on gambling winnings in the uk ..

[sharbt_hvr]

good time pass

[push]

Yes you can if that is your main profession. See page 23 of the Guidance note:
125. Unearned sources of income that wewill not consider as previous earnings include:

prize money or competition winnings, other than where they are directly related to the applicant’s main profession or occupation.

[email257525]

Friends

Thank you all who participated, I was serious about it, No time pass, No jokes,

In this credit crunch and recession, Its driving me crazy, When no well paid job and after years struggle and finishing master degree from Uni, Its still so Difficult.

Thinks Push Hsmp, I have checked on page 23 of guidence Notes, Shick 125
http://www.bia.homeoffice.gov.uk/siteco ... 310309.pdf

Beting is not my main profession, neither its directly related to my occupation/profession, So i really can not claim points for this..... I do not do beting, Its my friend who is using my name,,,,,


Thanks

[boonkoh]

To all on this thread that look down on betting:

Why do you see it as such a sin? It is no different from investing in shares, bonds, business etc.

Betting on a football team is like investing in them for the duration of the match. If I bet for team A to win, I do so with my opinion and analysis that they will do better than what the market implies through the odds I receive.

Is that so different from stock market investing? In the stock market you risk your money on a company, as you believe the market is undervaluing the company and that the price will go up some point in the future.

I must also make a distinction here between betting and casino gambling. Betting on sports, politics, etc etc require analysis, knowledge, skill, and experience. At the end of the day it all comes down to whether your opinion/analysis is better than average market (does this not apply to shares too?). Casino gambling on the other hand is pure luck, with the casino always having the edge in probability over you.

So I am definitely against casino gambling, but for all those critics of betting out there, you are such a hypocrite if you look down on betting income but think that dividends or capital gains from shares/bonds/businesses are not "winnings" from a financial "bet".

[dahokolomoki]

I am with boonkoh here.. you are either against both financial investing and skill betting, or you are for both. The principle of both is the same, just that the media/government/etc make it seem like they are so different.

In fact, even working in an honest 9-to-5 job is a bet. You are betting that your time could not be more rewarding elsewhere (e.g. by having a better paying job). Plus in the situation where you have two job offers and you have to choose one, is that not a bet? You are exchanging your commitment and time in exchange for that job, the job security, and promotion possibility. It might turn out that the job you choose is horrible, and the company goes under 2 months later. Did you not just make a bad bet? Of course when you have the two job possibilities you analyze in your head which will be the best offer to take and then make your decision. There's always still the possibility that you will make the wrong decision, but you have faith in your own ability to choose what is best. Is that so different from being knowledgeable in football and choosing whether team A or team B is best in a football match?

[ChetanOjha]

Not sure how people other forum members got impression that people are against betting here.
But on "investment" argument, if you invest in shares/bonds etc. you pay tax to government. Thats why they are called investment. But don't see that logic applied to betting..thats what it is called "winnings" and the same is with the lottery.

Anyway, an old article link is below. I didn't bother to go through the complete artcile..
http://www.hm-treasury.gov.uk/press_106_01.htm

http://customs.hmrc.gov.uk/channelsPort ... _CL_000498

[psdesai]

At least I am not againts betting but you have came here as Hightly skilled migraint. They have enough people here who can contribute in betting industry! (if there is such a thing).

Also could you please tell me what "High skills " would you require in betting industry. (Unless ofcouse you run a betting shop which case you are running a business. )

I can understand that person's fustration about not getting job etc. but I would not think that Home office would consider as this is an income! Specially you have full chance to loose everything you have.
I would carefully think before taking such routes.

But again you can call Home Office and ask if they would consider such source of income.

[PaperPusher]

Friends

Thank you all who participated, I was serious about it, No time pass, No jokes,

In this credit crunch and recession, Its driving me crazy, When no well paid job and after years struggle and finishing master degree from Uni, Its still so Difficult.

Thinks Push Hsmp, I have checked on page 23 of guidence Notes, Shick 125
http://www.bia.homeoffice.gov.uk/siteco ... 310309.pdf

Beting is not my main profession, neither its directly related to my occupation/profession, So i really can not claim points for this..... I do not do beting, Its my friend who is using my name,,,,,

Thanks

email257525

If you do not even do the betting, how can you claim it is you income from your employment activites? To claim it to get points for Tier 1 would be fraud. If it is someone's income, tax should be paid on it.

[f2k]

Yes you can if that is your main profession. See page 23 of the Guidance note:
125. Unearned sources of income that wewill not consider as previous earnings include:

prize money or competition winnings, other than where they are directly related to the applicant’s main profession or occupation.

I guess if your profession is 'Professional Gambler' then you might stand a chance.
other wise I think this clause is really in reference to athletes, sport people, possibly profession poker players, not really for Tom, Dick and Harry who won a couple of quid at the derby or the grand national.

[push]

Well all hedge funds , forex traders and equity/derivatives traders (and a number of times on company's own funds) take bets on movements of pric of shares/commodities/currencies/volatility etc. The only difference being the investment horizon and frequency of trade. Spread betting is another such example.

As I said if you are self employed and your main business activity is to bet - nothing stops you from claiming points for earnings so made.
Govt does not levy tax on betting as it directly earns huge amounts of money from the betting funds- London olympics are being funded by lottery money !!

[push]

Highly skilled- ??? It will take a very skilled and analytical person to bet and consistently win so as to make it his/her full time profession. It requires much better skills than being say a doctor/engineer/lawyer or a banker. (Its easy to bet - everyone can do but not everyone can become solely dependant on income from betting for long)

[*FC*]

I totally second Push_hsmp and a few other logical members about betting. It surely needs more analysis than a typical IT/Software engineer does for 'copy-pasting'.

Coming to the point, email257525, Why can't you call up the home office and check their view on this? I personally think you can give it a chance, but just re-confirm with the Home office.

Cheers!

[gotcha]

but you have came here as Hightly skilled migraint.

If that is the criteria, there are lot of people, which do jobs which are not highly skilled. When There is previous earnings criteria, then there is no question of job being highly skilled.

As push_hsmp said, if betting is bad lot's of investment firms does that, we do in a way when invest money in share market, MF etc.

To OP, As somebody already pointed out,According guidance note that, it's hard to show this income, unless it's your main profession.

[priya_bhosale]

I BET they wont consider those!

[email257525]

Friends

What to write, I did not know that so many people will participate to this thread. Anyway Thank you Friends.

People have explained/put light on this a lot, Huge response,

The thing is, i am not on highly skilled visa yet, After hardworking & great struggle i finally finish my MBA from a British University Got PSW, and struggling to find a proper Job accoring to my studies or atleast beter paid job which atleast get me to qualify for Tier 1 general, But no where yet...

I am neither a gambler nor a frudster, Me not against the Gambling or betting, I did not even know about this whole..... After reading the response I dont think this kind of income can be used for Tier 1 (General).. Though i have two kind of Source Proofs
1) Bank Statements, That money came into bank accounts, Transactions
2) Winning Receipts, From betting internet web site
Possibly i can become self-employed and pay tax on this income,

No Idea.....

Thanks

[push]

Friends

What to write, I did not know that so many people will participate to this thread. Anyway Thank you Friends.

People have explained/put light on this a lot, Huge response,

The thing is, i am not on highly skilled visa yet, After hardworking & great struggle i finally finish my MBA from a British University Got PSW, and struggling to find a proper Job accoring to my studies or atleast beter paid job which atleast get me to qualify for Tier 1 general, But no where yet...

I am neither a gambler nor a frudster, Me not against the Gambling or betting, I did not even know about this whole..... After reading the response I dont think this kind of income can be used for Tier 1 (General).. Though i have two kind of Source Proofs
1) Bank Statements, That money came into bank accounts, Transactions
2) Winning Receipts, From betting internet web site
Possibly i can become self-employed and pay tax on this income,

No Idea.....

Thanks

As I said you cant do so unless thats your core profession. I know these are difficult economic times but cant you do some part-time work and earn sufficient points ? ( I know you must have already explored all the options already but thats the best I can advise)

[mmavacations]

You can also betting on MMA and UFC and earning from MMA Contest and UFC events. The basics of MMA betting are simple and you can make good money betting on MMA.

[Evan_M]

For people with the proper skill sets, playing games online can be profitable. There are plenty of online games that allow the user to make money, either by competing for cash prizes in online tournaments or by attending live invitationals. Making money by playing games will rarely earn you a living wage, though this depends on a number of factors.

All the very best!