General Betting
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Does anyone else think this is not working properly - I've set a loss limit per week on my account (basically as a security measure) yet despite being heavily in profit this week it keeps stopping me from betting saying I may exceed my loss limits. (It isn't account exposure either as I'm well under that too.)
Anyone else noticed this?
Anyone else noticed this?
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Replies: 20
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Ah...actually ignore that - my mistake, I'd forgotten a couple of longer term markets where I had exposure, durrr. Yes, it's the account exposure - need to ask them to increase it though as it's now stopping me taking any positions.
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The exposure limit can become a real pain in the rear in partially settled markets.
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Yep - especially the long term ones which aren't settled for months..
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Why do you need an exposure limit Lori?
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Right - now it really is playing up, ffs
 I've just checked I'm clearly under my exposure limit, and I'm in profit this week but it's stopping me placing bets again!! |
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There is a default limit set at 5,000 pounds.....are you betting over that?
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No mate - nowhere near it at present, I'm well under all of the limits (as I'm in profit too!), anyway just called them and they weren't sure why it was doing it, so now waiting for them to call me back.
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Just for info (If this happens to someone else) I've had it explained - as it takes a starting date for calculating each loss limit week, and mine was 2 days ago, it will ignore profits for the days leading up to that date plus adds on any exposure as possible loss for that week.
So basically even though I'm in profit over last 7 days, but loss for the last 2 days, if it adds on all my exposure it exceeds the possible stop loss for that week. I've now increased my stop loss limit, but that won't change it for another 7 days. |
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I should add I actually thought that a 'loss limit' meant that it stopped you betting once you had actually LOST that amount, but seemingly not!
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Exposure limit comes with the account, mine is currently five times my biggest ever bank, and sometimes that's not enough.
When you lay to a tight overround, you could have +£50 on every player, but because of the way partially settled markets are settled, you could have a huge exposure. You may be £250 on everyone, but have laid £25,000 in bets... your account balance (not available funds) could go up by £25,250 when the people you've laid repeatedly get removed from the market, but you're left with £25,000 red on the remaining runners. If you're lucky enough to lay every runner (I wish) in an event, You can end up with an exposure of many many times your initial bank, as well as huge retained commission and so your exposure limit has to be raised. This is not a loss limit though, but to my knowledge everyone has an exposure limit, it's been a permanent pain in the rear having to keep get it raised (I guess, long may that continue) |
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I am failing to understand this fred and perhaps somebody could explain it to me. Exposure limit is easy that ought always be set to infinity. But loss limits I am not familiar with. I guess it is an anti chasing device.
Is the answer just to stake sensibly and not chase? |
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It's not just an anti-chasing device (though that is good too!)
It is also a security measure - lets say someone hacks into your account (mine for example) they would face both a deposit limit and a loss limit, so they cannot simply drain your account indefinitely - something that could be done otherwise. |
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might look into this loss limit as security measure. Is it done per week? Is it easy enough to phone and change?
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^ you set the time, weekly or longer, whatever. But remember unmatched bets can cause you
to hit your loss limit. Not talking about problem gambling, but for protection / security measure, if you keep a large balance in your a/c makes sense to set loss limits. |
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I did this as BF were obviously not interested in having any more security than a username and password - which is not a fullproof system as it stands so we need greater protection. In theory, some of the bigger accounts are sitting there with 100s of thousands potentially protected only by a keyed in username and password.
The deposit limit is also just as important - it stops anyone simply draining your bank accounts for example. |
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hmmm, I pretty regularly hit my exposure limit so loss limit might not suit my way of betting, will look into it. thanks
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O no longer want a loss limit how do I delete it????
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exposure limit fxxxed, says i don't have enough in account when i place a bet under the limit
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its a farce as bf will only raise your exposure limit to the amount you have in the acooont anyway.
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say you have £14,500 in they will still only raise exposure to £14,000, but atm if you want to exposure urself to £14,000 they say there isn't amount in your account to place the bet.
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