Ban Sine Die?

I gave up tracking the regional Conference leagues last season as the markets just weren't liquid enough to make the effort worthwhile, but apparently Jonathan Goulding, formerly of Leigh RMI, now of Marine, found enough value in the Conference North two seasons ago to invest the a sum "not exceeding £13 in total on two fixtures".

The games in question did not involve his team, so what exactly are the FA's rules that he has 'contravened'? Are players not allowed to bet paltry sums on football matches involving teams other than their own?

On the face of it, this seems a ridiculous waste of everyone's time. You would think the FA had more pressing matters to attend to than this.