ok, Dos, on your say so I will watch their prices carefully this week and see how they track. If I see anything of interest I'll open up an account with them.

Cheers
CS

Betchoice now clossing accounts.
Received an email today.

'Unfortunately we have had to close your account. Please do not take it personally, as it is simply a commercial decision. We were proud of the fact that Betchoice was one of the few bookmakers that did not close winning accounts, but due to the win by Racing NSW in the High Court we must now move to a low volume/high margin model, and hence keeping winning accounts open is no longer an option for us. The balance of your outstanding funds has been sent back to you.

Apologies for having to do this to you and thankyou for your prior business.



Regards,

Mark





Mark Morrissey  |  Executive Director'


Very civil email, but it is about time the NT goverment had a review of the rules concerning corporate bookmakers.

like a game of chess this is. eventially the losing punter can't pay and no winners can bet "checkmate"
can't be good for the future.

and yes dos dedos COLIN TIDY great man had the account for 7yrs
and MARK READ  [IAS] was a champ as well both gentleman were GAMBLERS /TRADERS with strong opinion
and barred nobody...

i suggest you send copies of the emails to your media outlets. There's a story in it.

If you're a genuine consistent winner then why wouldn't they love to have your bets?

I've known guys who worked for a corp who took bets and back them big time elsewhere.  Why tell these sources of great information to go somewhere else?

http://www.ecommercereport.com.au/unibet-pays-aud20million-to-buy-australian-corporate-bookmaker-betchoice/

Betchoice were recently bought by a UK firm as the above link shows.  This would be the main reason for account closures as they are following the UK approach.  The High Court decision would be a factor too but it is a convenient excuse

I can understand why the UK bookies like to close down winners and even small losers as they do.  But I cannot understand why the Aussie racing authorities let them do it.  It is not in the interest of Aussie racing to have punters barred from betting and it would be better for Aussie racing down the track if the bookies they have to deal with are not just a couple of mega firms like they have in the UK.  Dealing with smaller, less rich and powerful bookies will be easier than dealing with billion dollar companies who then pay racing a pittance as happens in the UK

Bookies having to bet all customers to a certain amount like on track bookies in Australia should be a condition of betting on the races in Australia

Funny thing just happened at Sportsbet. Don't know if they'll honour the bet or not and I was so surprised I only had $50 on it.

They put up Western Bulldogs 1.13 v Collingwood 6.00

I had 50 on the Pies and they pulled the market 10 seconds later. It's still showing in my account as a bet so I guess they're going to honour it.
Haven't stopped laughing for 10 minutes.

and now you are on their radar...
you will hate them much more next week

At least they had the decency to send me an email:

We are writing to you in regards to a recent bet you have placed on your Sportsbet account.

This correspondence serves as notification that your bet on the AFL gaem, Collingwood v Western Bulldogs has been cancelled due to the wrong lines/odds posted.

Your bet was cancelled due to the following Sportsbet Rules:

29. Notwithstanding anything contained elsewhere in these Terms and Conditions, if Sportsbet publishes, posts or quotes any incorrect betting information for any sporting event, such as posting wrong dividends or lines, then regardless of the cause or source of such error:
29.1 If an error is identified before, during or after an event, the Member whose bet on that event has been accepted or confirmed by Sportsbet, the bet/s may be void and the Member will be notified.
29.2 If Sportsbet can demonstrate that the error was manifest or obvious, or that the Member otherwise should reasonably have been aware of the error when the bet was placed, all bets shall be void.

Interesting under those conditions technically they could in hindsight claim that the 4bucks Swan or whaterver they bet yesterday was the wrong price and void all winning bets not saying it will but technically it could, what happens if a really big punter decided liked I did that Swans are close to close to good things and wanted unloaded several hundred thousand or more on them are they then not going to pay out because in hindisght it was an obvious error, sorry we just realised the match was in reality a 50/50 game and the correct price should have been 1.90, technically under those rules it could happen.

they are scum

Someone pointed out yesterday that the Aus Multis on here had the Hawks +18.5 at 1.95 or so against the Swans...I wonder if those bets were voided?

could they technically do what I suggested? I still haven't received an answer from any of you in this regard, I know it would be a crazy move but if you take those rules at face value it appears to me as though technically it is possible, which I find outrageous that they're able to operate under those conditions. And in a first I agree with gardenstar hard to see them cancelling your bet if you accidentally backed the dogs at the wrong price, you can guarantee the TAB wouldn't.

.. ooksy lol

Ah for the old simpler days when all you needed for a valid contract was offer, acceptance and consideration. Agree with sentiments above, a bunch of grubs.

I didn't even know all this BS was going on, selling books to the Poms and Irish who are complete ****s at letting you actually get a bet on, you only need to visit the main racing forum to see the whinging and whining about closed accounts and tiny bet sizes.

They should all be named and shamed publicly and Aussies should boycott using them, sounds like Tom Waterhouse may get some new business.

I pretty much gave betting up several years ago apart from some big horse races, the writing was on the wall back a few years i think.

Imagine if Kerry Packer was still alive,

KP "id like to place 100 on the favourite please",

Bookie "im sorry sir we wont accept 100, you can have 10 though"

KP "are you serious, i can only bet 10 grand on the favourite?"

Bookie, "umm, no i mean 10 dollars not 10 grand"

KP " expletive expletive expletive"

End call.

terrific article womble cheers ... well worth a 2nd read ... on how they conduct busniess & identify/flag smart players


i was curious as to a "Govt Definition" or "Commission Definition" of 'problem gambling'

... wiki had something naturally



Most other definitions of problem gambling can usually be simplified to any gambling that causes harm to the gambler or someone else in any way.

However, these definitions are usually coupled with descriptions of the type of harm or the use of diagnostic criteria.

According to DSM-IV, Pathological gambling is now defined as separate from a manic episode. Only when the gambling occurs independent of other impulsive, mood, or thought disorders is it considered its own diagnosis. In order to be diagnosed, an individual must have at least five of the following symptoms:

1.Preoccupation. The subject has frequent thoughts about gambling experiences, whether past, future, or fantasy.

2.Tolerance. As with drug tolerance, the subject requires larger or more frequent wagers to experience the same "rush".

3.Withdrawal. Restlessness or irritability associated with attempts to cease or reduce gambling.

4.Escape. The subject gambles to improve mood or escape problems.

5.Chasing. The subject tries to win back gambling losses with more gambling.

6.Lying. The subject tries to hide the extent of his or her gambling by lying to family, friends, or therapists.

7.Loss of control. The person has unsuccessfully attempted to reduce gambling.

8.Illegal acts. The person has broken the law in order to obtain gambling money or recover gambling losses. This may include acts of theft, embezzlement, fraud, or forgery.

9.Risked significant relationship. The person gambles despite risking or losing a relationship, job, or other significant opportunity.

10.Bailout. The person turns to family, friends, or another third party for financial assistance as a result of gambling.

As with many disorders, the DSM-IV definition of pathological gambling is widely accepted and used as a basis for research and clinical practice internationally.

Ok LE, to address your question/comment:

Where head to head prices are subject to change, significant movement in the line is used as a method of determining the legality or otherwise of said bet.
I remember a few years ago where the Hawks went from $3.00 to 1.50 on the back of the Saints resting many of their stars for a game in Tassie late in the season with nothing to play for. In that case, Sportsbet could conceivably have cancelled bets made prior to the news on the basis that the REAL price should have been opposite (the inverse of 3.00 is 1.50). This only happened one time that I can remember, but it does beg the question "what if they had chosen to envoke the 'wrong price' clause in that situation?" Would an independent arbiter have been able to prevent them...

Scary stuff for pro gamblers to contemplate, especially if you attempt to arbitrage at a later stage.

Joel. After it was pointed out that Hawks were 18+ I put a few small multis on - total about 100 bucks. Bets weren't voided.