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#31
17th July 2012, 04:15 PM
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Hard to swallow.
I cant believe that accounts are being closed over such little wins
The theory of bookmaking is as follows... A bookie has complete control over the odds he offers, but initially he doesn’t know the volume of bets that will be made at those prices. What he is basically trying to do is adjust the odds he offers in order to take bets in the right proportions to take in enough stakes across the board so that the amount he pays out is less than the stakes he takes in from the losing selections. If he achieves that goal then he will not be concerned which horse wins. So if the above is true then why would they care if you won $4000 when in reality they more than likely won on the race regardless? I bet in large amounts and never have I had an account closed or limited. My mates who only bet on the specials and "offers" who bet small amounts have those offers taken away but never closed. Just my thoughts.... 
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#32
18th July 2012, 07:22 AM
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Nitro I agree with you 100%.
For example, if I'm backing outsiders, surely I am helping them balance their book, it's money they wouldn't have because most of it goes on the first two favourites or something fancied that steams in. The problem is the automated risk management software they use, it reports people who constantly pick off the top odds they offer, special deals, and winning accounts. Once you're flagged, you're limited or banned. It's no longer a bookmaking decision, it's a risk management decision. It also depends how much you win in a certain window of time and if you keep betting with that money and losing.
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#33
19th July 2012, 01:58 PM
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Here's a gem!
Opened an account with Stan James, deposited a mere $50.00 It was simply a trial run. First bet $20 which converted to around 13 pounds to get the free 10 pound bet offer. Horse won which resulted in a win of around $30.00 From that moment I was limited to less than $5.00 on all bets, even rank outsiders or odds on favourites. Beggars belief.
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RaceCensus - powerful system testing software. Now with over 420,000 Metropolitan, Provincial and Country races! http://www.propun.com.au/horse_raci...ng_systems.html *RaceCensus now updated to 30/06/2025 Video overview of RaceCensus here: http://www.youtube.com/watch?v=W821YP_b0Pg
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#34
19th July 2012, 03:02 PM
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This sort of thing is crazy.
When they pull stunts like this, their licence should be immediately revoked, no excuses no second chances. The licencing commissions have a lot to answer for letting them get away with rubbish like this.
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#35
19th July 2012, 06:45 PM
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O.K. I'm not even complaining now, because it's very funny.
I laughed myself silly. It's not Stan James, it's Sid James - "Carry On Bookmaker" I had a bet of $3.23, yes only allowed $3.23 on Fraserburgh in the first at Hamilton tonight. They gave me $7.50 odds, as I completed my slip the bet was accepted and they immediately moved the odds on the site to $5.00. Oh Matron! 
__________________
RaceCensus - powerful system testing software. Now with over 420,000 Metropolitan, Provincial and Country races! http://www.propun.com.au/horse_raci...ng_systems.html *RaceCensus now updated to 30/06/2025 Video overview of RaceCensus here: http://www.youtube.com/watch?v=W821YP_b0Pg Last edited by Chrome Prince : 19th July 2012 at 06:50 PM.
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#36
19th July 2012, 06:45 PM
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Quote:
I too spread my bets over 5 books, aggregated it's a decent bet, but as an individual bet it's should fly under the radar - so far it has). I'm just worried about the cumulative affect being monitored...which I'm sure the do... Also saves dumping into small pools, as I place bet.
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Stix .......Giddy Up..... !!
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#38
20th July 2012, 09:05 AM
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As this thread is about more than one online bookmaker closing clients' accounts we have changed the thread title to make it more relevant, rather than it focusing on just one online bookmaker.
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#39
20th July 2012, 09:57 AM
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Time to start complaining people -
Deputy Chief Minister Hon Delia Phoebe Lawrie MLA Treasurer Minister for Business and Employment Minister for Trade Minister for Asian Relations Minister for Racing, Gaming and Licensing Minister for Alcohol Policy Minister for Defence Support Contact: GPO Box 3146 Darwin NT 0801 Telephone: 08 8901 4047 Facsimile: 08 8901 4169 Email: minister.lawrie@nt.gov.au
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"Now let me get this straight - Whatever I do don't bet this horse?"
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#40
20th July 2012, 01:46 PM
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I don't understand how these guys are still able to make money at all.
In these times of competition, turnover tax, lagging interest by the general population etc. How are they surviving? I'm starting to get a picture of the SJ operation, that it's some bloke in his bedroom with a server! They won't take more than $5.00 on anything remotely fancied, and won't give the FREE joining bet to Australians (in fine print in the terms and conditions). Quote:
I hear Bet365 aren't too bad, haven't tried them yet. Surely there is a massive opportunity for some big bookmaker like Rob Waterhouse, or a Read to come along and offer a full no limit service with a simple stand to lose no more than clause like the rails bookies.
__________________
RaceCensus - powerful system testing software. Now with over 420,000 Metropolitan, Provincial and Country races! http://www.propun.com.au/horse_raci...ng_systems.html *RaceCensus now updated to 30/06/2025 Video overview of RaceCensus here: http://www.youtube.com/watch?v=W821YP_b0Pg
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