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Online Bookmaker restricting procedure - facts required
Online Bookmaker restricting procedure - facts required
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Replies: 65
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The only way bookies would start taking bets again is if you outlawed FOBT but as this will never happen due to mps and bookies being cap and hand with each other things will only get worse rather than better
That simply isn't true. It could only happen if there were no exchanges as well. The concept of exchanges is good but it is naive to suggest that it doesn't come at a cost. The old days of punter vs bookmaker with horse racing will never be repeated because they can no longer take a stance due to the ability to lay on BF. |
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Of course the other issue is that we all assume that these guys making the decisions to restrict accounts actually know what they are doing and have some sort of expert knowledge. In reality they are prob thick spotty robots just assuming that anyone that gets a better price than betfair is an arber.
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I think that is a fair point. Everyone thinks that each individual restriction is the result of a carefully considered account review when the reality is that there appears to be far more of a scattergun approach leading to significant, often innocent, collateral damage.
They know their tactics get rid of the majority of winning punters at the cost of a few they would rather not lose. However the cost involved in making sure that just the unprofitable punters are restricted is probably not worth it. |
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Last two statements are spot on, you would be surprised at the level of expertise, or rather not, at several of the firms in question.
Which leads to another point, ever wondered why a lot of things in the country seem to be run in a state of shambles and hardly anything that is costed seems to come in at the price mentioned. |
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the only way is to bet in cash at live shows in shops.untraceable if you go around to diff ones..
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Banks, genuinely, how does a punters' 'ability to lay on Betfair' make any difference ultimately to a bookmakers' bottom line...??
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Sky bet closed my account a couple of years ago. The reason given was that " the pattern of betting indicated that I was laying off on the betting exchange to make a profit". I pointed ot that I didn't , and sent them copies of my betfair account showing hardly any lay bets to prove I didn't "arb".The response was the usual :- "The trader's decision is final !
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Banks, genuinely, how does a punters' 'ability to lay on Betfair' make any difference ultimately to a bookmakers' bottom line...??
My view is that it is impossible for them to have an opinion that differs from the exchanges. In the pre BF days they could bet aggresively and take a stance in the market knowing that the element of risk for the punter was still there regardless of how good the price is. Nowadays they can't go bigger than BF because the money won't stop until they are below the BF price. Think of it like this. You have got a £10k pot and there is a horse being offered at 2/1 that you believe is an even money shot. How much would you bet it for? Most would back it for £4k at 2's and lay it for £6k at evens giving you a £2k profit. Consider the same scenario pre exchanges. The horse that you think should be evens is being offered at 2's. How much of your £10k bank do you bet? I doubt very much it would be 40% of it and that is where the problem lies. It makes it impossible for bookmakers to bet to opinions because if that opinion goes in the face of the BF market the horse is overbet and the price has to be cut almost immediately. It's a shame really because it makes life a lot harder for the good judges and in fact they have now got a double whammy of weak early BF markets to go with it. |
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banks , what do the bookmakers do now if they think an even money shot on betfair should be 2/1 ?
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Lay it at Even money!!
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Beat me to it!
zilzal1 is right. Offer it at 10/11 and lay at evens on BF if the 10/11 doesn't attract money. |
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KILDIMO ARE YOU SHORE U GAVE US THE RIGHT NUMBER THEY OFFERED ME A **** FOR A SCORE FULL FRONTAL SEX FOR 60 QUID HAND RELIEF FOR A PONY ,AND I DARENT REPEAT WHAT THE DOOR MAN WOULD DO FOR 3 QUID
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Nowadays they can't go bigger than BF because the money won't stop until they are below the BF price
do you mean if there is 300 to lay a horse trading at 12.5 on here , they cant go 12/1 . why ? koral have around 1500 shops , how does that equate . 20 p bet per shop . i have asked you this before but i didnt get a reply . is it a statistical fact that if you back any horse that trades shorter on betfair than with bookmakers prices you will be in profit long term ? |
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I THINK THAT IS A BIG POSSSIBILITY RCING
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is it a statistical fact that if you back any horse that trades shorter on betfair than with bookmakers prices you will be in profit long term ?
No idea but that is the simplistic view they take. Statistically it is likely to be true as BF is the sum of a number of opinions as opposed to a bookmaker pricing up on the basis of a single opinion. |
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It is basically those that take advantage that get restricted and closed, those that open multiple accounts taking advantage of the special offers and free bets and busing them that are ultimately to blame. No bookmaker likes or will put up with a punter whom the perceive to be taking advantage. As far as all bookmakers are concerned, gambling is for social enjoyment and nothing more, after all, this is what the industry is fundamentally all about, those that want to and can make a living from it can take a hike!
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Don't you mean "as far as all bookmakers are concerned gambling is about taking money off the dim and demented" ?
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Banks you are at it again...Apologist....
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Where?
Tell me what I have said that is not correct. You are so blinkered it is embarrasing. |
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This is not a hard question to answer.
Bookmakers look for two things: 1) people who make money (obviously); and 2) that the horses they back firm in the market after they've backed them. Backing firmers indicates you've got a better set of prices than the market so out you go. |
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Banks I have been in a Senior Management position at a major Bookmaker.To think that you have to be below the Betfair price that may be available for a couple of pounds is laughable.Furthermore if FOBTs were removed from Betting Shops (an unlikely saga) then of course "Bookmakers" would have to go back to offering the public bets on horse-racing because their turnover will have dropped so much that their share price will have fallen through the floor.In that case for a while turnover would indeed be king, just like it was in the noughties when I won enough money to buy my house outright.And yes I do live in the Country....
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Out of interest what do you consider a "Senior Management" position at a major firm to be?
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By the way the share price is more to do with the potential of the online offering these than the shops these days but I'm sure as "Senior Management" you knew this anyway.
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Banks you really are the original horses arse and I am not the first to state that to you.First up I was "Trading Controller" which pretty much meant...Secondly anyone who does indeed hold shares in a major "Bookmaker" and is hoping for a "potential" uplift should think again.Indeed the whole USA deregulation has been oversold and any firm from these shores that think that they will be allowed to knock back the fair citizens of that country should think again.The Asian Bookmakers who incidentally allow winners to bet (!) are in pole position to take advantage and good luck to them..
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Is that you agreeing with me? Best make sure that doesn't happen again!
Can't be bothered to get into discussions with you to be honest. Your views are limited to say the least. If the pinnacle of your experience is as a trading controller then I'm afraid we are on a different page and that is why you have such narrow views. Be lucky. |
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.we had an 'a' customer, complete mug, used to put 1k patents on 3 shorties. chased like a fecker. was 100s of k down with us. then, he catches his 3 winners, 2 or 3 days in a row, as you would expect to happen occassionally. i come in the next day, and he's a 'd'! was interesting trying to explain this to him after he quite rightly he'd been funding our profits for years!
-------------- whoever made that decision should have been sacked on the spot for having no understanding of probability. |