YAIYAM
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Bookmakers restrictionsAnyone else started to get restrictions on there online bets on how much and what they are being offered.
BET365 have told me i will not be getting guaranteed odds on any bets.
Stan James will not let me place a bet that will win over £250.
Are these type of restrictions common or are they doing it on an Individual bases?
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theGoingStick
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I haven't been given those restrictions so you must be doing too well with them  Although admittedly I very rarely use anything other than betfair now 
You don't really want to do business with a bookie that limits your winnings to £250. Betdirect were like that, you just couldn't get anything on with them.
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accajacca
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i am not allowed to win more than 11p per day from sportingbet on their financial products
they also won't let me withdraw my money (or my girlfriend withdraw hers) without copies of 3 types of ID, which i have faxed and emailed them and they continue to say they haven't received.
bunch of jokers in the extreme - avoid.
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YAIYAM
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I use sportingbet purely for Golf betting on top 10's as they pay out in full for ties which to me is a good promotion
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jennywales
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AJ, in this electronic age it might seem very old fashioned but it works.
Send them copies of your ID in the ordinary post but make sure you send it registered. They then HAVE to sign for it (and there is a barcode you can use to track it via the Post Office website) or ask for it to be sent back (in which case there will be evidence for that). It is also then automatically insured! They can't then say they haven't received it (or it has been lost, or whatever). If you can't find an address to sent it to (and this sometimes happens) send the material to their registered company address. Then you will be able to say you sent it, and someone signed for it!!
If they still refuse then to pay you your money, send them a "Letter before Action" stating that they will be taken to Court if they don't pay up. (I'm not sure about the law relating to gambling profits, though - I had always assumed that gambling DEBTS were unenforceable, at least until recently, but I'm not sure about PROFITS - do you know a friendly solicitor for a quick chat?) A letter to the RP (copy to them) might help, as well, even if it doesn't get published!!
I have had experience dealing with utilities (water company and BT) in this way) and it usually works. If it doesn't it usually turns out to be one frightened and irresponsible employee sticking correspondence down the back of the filing cabinet (it has happened!) and they need to find out about this. It is also the case that internet based companies, including BT, have cut back on staff so much that their people in HQ are barely literate and are only capable of answering the phone. A real letter on real paper does their heads in!!
The main problem though appears to be that these companies are simply not geared to dealing with individuals' problems. Particularly if they owe you money! Their policy usually is to ignore your bleats until something like the above happens - this is how we got a water bill for over £1000 for one quarter reduced to £200 for the whole year! You have to force them to listen to you!
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accajacca
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all good advice jenny - i have already told them i will be writing to the RP and emailed them a copy of my draft. they apologised and gave me an email address to resend it to - which i will shortly. they have about a grand of mine/my gf's money. funny enough they never asked for id when we deposited, and both of our accounts were "randomly selected" for security checks. laughable.
i am also banned from sportingindex, but to be fair i was picking them off on poor prices when everyone else in the market had moved and they were still sitting there watching tv forgetting to look at betfair
paddy power are jokers and ladbrokes have banned our work IP address as a load of the options guys were taking A LOT of money from them on their financials prices, so i don't use them a lot.
bet 365 are very bad at pricing financials but i have let them off as i like using them for sports so don't want my account suspended for the sake of a few days free money on financials.
betfair is alright. i'm not a huge fan of a number of aspects, but they have a great business and i use it, so good luck to them. am interested by betdaq, but have never used it. might give it a try for this football season.
there is a gap in the market for a privately backed/owned bookies who run a 104% book on all sporting events and will stand a bet. i'm surprised someone hasn't already filled it.
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alansouthcoast
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Most bookies monitor large bets on a regular basis, if you lose, they will take a bet, if you win, it gets restricted. One way around it is to go into a shop and ask how much they can take on the managers discretion and stick to just below that figure, leaving a tip helps things run smoothly.
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accajacca
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i'll give them a tip - if you can't run a book in a 3 outcome event with a 10% overround and betfair available to hedge if you're seeing one way business, you're in the wrong comma business!
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jennywales
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Indeed, but most "traditional" bookies (and I include the big chains in that) are out of their depth with this stuff - I guess the explosion in spread betting and other such has caught them without the expertise they need and they are too frightened to admit it.
My betting is so small that I have never had this problem (I wish!), and I stick to the horses anyway, where I find both Bet365 and Paddy Power pretty OK. Betfair is great.
If you start your own company (why not?) I'll join - but I don't think my £2 e/w and possibly a 10p L15 is going to help your profits much!!
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accajacca
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the more i think about it (and i have, at length) my ideal job is to own and run a bookmaking company. the reasons for not doing so are numerous - primarily the need for several millions of pounds in risk capital.
you would also need a vast amount of money for set up costs, staffing, IT, advertising, regulatory costs, etc. the barriers to entry are immense - which in my view is what protects the high street crookies from bankruptcy - with it so difficult for a new firm to compete at their level, and the fact that there will always be punters that orefer traditional bookies to exchanges, they have no immediate incentive to offer sensible service.
what i would very much like to do is set up a company betting only on premiership football. i'd run it on a 104% book, no commission, no premium charge, low operating costs (due to having only one market we cover), and a max payout of say £5,000 per bet at the beginning.
the problems i can see with it are
a. you would still need a large amount of starting capital
b. a lot of the volume on betfair is in running - not sure i would want to offer that
c. people like one-stop-shops, so i'm not sure how much biz i would attract offering just pl football
etc etc.
something i may revisit in later/another life though.
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archie mackenzie
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Re: Bookmakers restrictions | YAIYAM wrote: | Anyone else started to get restrictions on there online bets on how much and what they are being offered.
BET365 have told me i will not be getting guaranteed odds on any bets.
Stan James will not let me place a bet that will win over £250.
Are these type of restrictions common or are they doing it on an Individual bases? |
are these restrictions just on your nag punts yaiyam???
i asked has skybet do have restrictions on there lower league scottish football punts
fair play they are often one of the 1st bookmakers to post up prices but now and then they do make a cock up of a price and i try to take advantage but when you want a big three figure punt on they knock you back and only allow a 110 punt 
the price was 10-11
and with the current farce regarding livingston,ladbrokes said i could cancel ante-post punts,might seem fair but im on the winner 
cheers archie.
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Rowan
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| accajacca wrote: | | all good advice jenny - i have already told them i will be writing to the RP and emailed them a copy of my draft. they apologised and gave me an email address to resend it to - which i will shortly. they have about a grand of mine/my gf's money. funny enough they never asked for id when we deposited, and both of our accounts were "randomly selected" for security checks. laughable |
Yeas, this annoys the hell out of me. William Hill tried it with me after I opened an online account with them - I emailed them and pointed out that I already had a telephone betting account with them and had had for over 10 years. They eventually backed down (but I haven't used the account since).
One of the online bingo sites also does it, and won't let you have any winnings back. The "for your own security" thing really winds me up because they aren't worried when you're DEPOSITING money with them, or they'd force the check when you signed up, but as soon as you try to WITHDRAW, suddenly they're worried YOU might be getting defrauded!
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TAFKAB
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boyles have now stopped me placing any bets on football that will win over €500. disgraceful carry on. i've been cleaning up lately on the irish football as boyles have been pricing up first and getting a few teams wrong. needless to say they were told where to shove their a\c. maybe if their odds compiler wasn't so bad at his job, they wouldn't have to do these things
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accajacca
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pleased to report SportingBet have returned my funds today. very good of them after a couple of months!
they said on their email "you are now free to deposit/withdraw funds or continue to bet". i emailed them back and asked whether they planned to increase my maximum win on financials to over 11p or whatever it is, and they emailed me back saying no
laughable bunch of characters, involved in pricing markets they don't understand, but only to people who understand them even less. what a tin pot business model. they should be ashamed.
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glennie1970
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first time ever for me in 21 years of gambling.
I was interested in backing Kenyan Cat in the 4.20 at Warwick and saw that Betfred at the time were offering the best odds of 4/1. I loaded £30 onto my account and went to place the bet. I got a message saying that I could have £5 on and that was all. I rang them up and was told that mine is a monitored account 
I had a quick add up and since I opened the accout in March I am £835.00 in profit. I bet Betfred wish they were Stan James when it comes to me 
very strange
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YAIYAM
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I bet Betfred wish they were Stan James when it comes to me
Glennie It always seems strange to me how this can happen because you would think that over a period of time if you had accounts with different bookmakers your positive or negative balance would be somewhere similar.
Now i have had most of my accounts for years and where as Totesport probably think i am the worst gambler in the world I can hardly get a bean on nowadays with Stan James, skybet or Betfred needless to say i try to use Totesport as little as possible because it Just digs at you when you are placing the bet.
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alansouthcoast
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Yesterday Betfred Radio had ( I think ) Fred Done saying they had paid someone £220,000 for a £50 trixie the other day. This was at early prices and the SP return was a measely £48,000. Yet try getting a £5 lucky 15 on at big odds and see what happens.
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YAIYAM
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| alansouthcoast wrote: | | Yesterday Betfred Radio had ( I think ) Fred Done saying they had paid someone £220,000 for a £50 trixie the other day. This was at early prices and the SP return was a measely £48,000. Yet try getting a £5 lucky 15 on at big odds and see what happens. |
Alan it depends what you mean when you say bigger odds as on a Lucky 15 there would be no point in putting on more than £2 E/W if you are talking about around the 20/1 mark
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glennie1970
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stupidly I tried to have £10 EW at 14/1 wtih Betfred on a horse this morning and I was offered £1.15 ew
The stupid thing is my bet I wanted yesterday for £30 @ 4/1 lost so they missed out
guess I will have to just write them off and open an account with another
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jennywales
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I cannot see how bookmakers can justify such restrictions in the case of punters like Glennie, whose winnings since March have been substantial in my eyes but surely a teeny weeny drop in the overall bucket to Betfred.
If they are restricting people who win less than £1,000 over a period of 7 months, they must surely be having a giraffe (by the way, I think this comes to about £4.70 a day if you take £1,000 as the base.....).
Or is it not the amounts, but the consistency of the wins that they attack (eg if I managed to put £1 e/w on horses at reasonable odds and got a strike rate of 50% would I be restricted too?)
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YAIYAM
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As some of you may have read on the A/P portfolios I did a Lucky 15 for Cheltenham, yesterday I tried to place another with corals(worked out best payout) online It kept coming back saying the bet could not be placed because it was Incompatable.
After discussion with there customer services who talked to there trading room they came back and said the bet could not be placed because one of my picks was in the Champion Chase & the other was in the Champion Hurdle and because the name of the races clashed the system would not take it
Talk about Idiots 
The only thing now is I will have to go and find a corals shop and place the bet in case they all win 
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theGoingStick
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That's shocking, especially when you know how much people who develop these web sites get paid.
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jennywales
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That has to be the silliest reason for rejecting a bet that I have ever heard of - perhaps we should have a competition to decide the daftest excuse for not accepting a bet.
Maybe someone should try a L15 on the Cheltenham Gold Cup, Ascot Gold Cup, Ayr Gold Cup and Paddy Power Gold Cup (not necessarily in that order!). That would confuse them.....And you could add the Whitbread and probably several others I haven't thought of!
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YAIYAM
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| theGoingStick wrote: | | That's shocking, especially when you know how much people who develop these web sites get paid. |
Yes Its obviously a software problem so I even suggested what to me seem'd the most logical way round it in that as they obviously Insert the names of each race why not change the title of the Champion Chase to the Queen Mother Chase taking away any common word(chase apart).
It is still the same tonight so that advise went unheard.
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