i understand what you mean. but if there are 99 10 bettors and 1 20,000 bettor, and he/she puts 20,000 on a horse at 10/1, and the bookmaker cuts the price to 6/1, is it fair that all the 10 punters have to take this price? if you limit the big staking bettor, then he has 20,000 at 10/1 and the 10 bettors can get their money on at 10/1 so everyone is happy.
Again this is totally different. They are limiting the punter on ALL markets. Not on one specific event. They are simplying doing this because he is winning. This is far from honourable bookmaking.
Bet365 is known for these cheap tactics, please read player reviews here:
You do not have permission to view link
Log in or register now.
Let's look at some examples from the above link:
After losing over $4,000 to them, they cut my limits from $750 down to a maximum of $37.50 (95% decrease in limits) depriving me of any chance of winning my money back. I have read several reviews that Bet365 cuts limits if you are winning too much but I have NEVER heard of any sportsbook TAKING YOUR MONEY and then cutting your limits by 95%. There is no justification for what Bet365 did and when I emailed them about it, I got a response back 3 days later saying the trading manager thought my business wasn't going to be profitable in the future.
If you did the above in any Australian licensed jurisdiction, you'd be in big problems with the gaming commission.... It's simply not right. I don't know how anyone can argue for the bookmaker.
These guys do whatever they want. You lose to them and they are happy - you win a couple of times and they close your account. I expect a lot more than that from an A+ site like Bet365. They in fact do not close your account they simply reduce you bet limit to $5 which has the same effect.
Anyway, please read the link above as you will find many similar reviews of their activities.
Kaszino is not the first person. (Btw, I had also experienced the same at Bet365 in 2003 before moving elsewhere)
Now I have been involved in traditional bookmaking in Australia, legislated in NSW. The same limit on all events applies to everyone. You cannot selectively target one person, because he is winning. You would find the same regulation when dealing with all Australian bookmakers. I think all jurisdictions should have similar regulation. If someone is able to beat the book, good on him, he shouldn't be punished because of this and have eventually have nowhere to play.