Disable horizontal gestures in VLC on OS X

Is there any non-violant way to disable horizontal scrolling in VLC (2.0.6) on OS X Mountain Lion? I went through the Preferences but couldn't find anything concerning the matter.

I could do something with AppleScript, but I'm wondering if it's just possible within VLC itself.

The reason I want to disable it is that when I accidentally don't fully gesture to another "space" (two fingers) I will mess up the play-position inside VLC.

This answer concerns VLC 2.0.7, but may work for previous versions.

In the menu bar select VLC -> Preferences

Then press Show All

Navigate to Interface -> Hotkey Settings -> Hotkeys

And change MouseWheel up-down axis Control to Ignore

Then restart VLC (VLC-> Quit)

This option is not well named as it only specifies the up-down axis. However, setting it to ignore disables both the up-down and left-right axis.