Betfair got completely out of their friggin minds -£100 deposit limit

[wearthefoxhat]

Peter,

Can we not start building up BA for Betdaq and in time dump Betfair altogether ?

Cheers,

+1

Especially as Peter mentioned Betdaq have plans to separate from their parent company. (mind you, who knows, Betfair may do the same sooner rather than later)

[sniffer66]

I'm logged into the Betfair website all day but only place bets through BA. I guess it's bet placement rather than logging in.

Same

[ilovepizza82]

Ah that's interesting, Peter......those BF figures only apply to their main website then, not those using API's?

I only ever log into BF when I'm withdrawing money.

I think they check how long you've been logged on...so me thinks it doesnt matter whether you are using their website or API.
Also I agree about betdaq BA. Would be great to see a little more focus put on the product.

[ilovepizza82]

Imagine "Steam" or "Origin" putting £25 monthly limit on your account because you spend too much money on video games...
...or Ebay because you have shopping addiction problem. Its getting ridicilous. Reminds me of Chinese social credit where they punish people if you dont buy healthy food or spend too much time playing video games.

[Kai]

Peter,

Can we not start building up BA for Betdaq and in time dump Betfair altogether ?

+1, if we market trading software as the solution and not part of the problem you can only imagine the headlines and the liquidity

[ilovepizza82]

More bad news

[napshnap]

Imagine "Steam" or "Origin" putting £25 monthly limit on your account because you spend too much money on video games...
...or Ebay because you have shopping addiction problem. Its getting ridicilous. Reminds me of Chinese social credit where they punish people if you dont buy healthy food or spend too much time playing video games.

Imagine financial trading apps putting a monthly limit... oh I can't go on, it's too hilarious to continue.

[Derek27]

If you wish, there are settings to automatically log you out of the main website automatically.


auto log out.png

Just one slight problem with that - you can't trade when you're logged out.

[Euler]

Doesn't seem to matter, it just eliminates the risk of a problem created by the website.

[MobiusGrey]

Just FWIW with Betdaq, the only communication I've had with Betdaq with regards to the gambling reforms or betting limits is when I made a series of deposits, nothing too large 3 x 3 figure amounts over the course of a couple of weeks when the flat season was getting into its pomp. All I had was an email just asking if I was comfortable betting at the limits I was betting at. I confirmed yes, all is fine and they've left me alone ever since.

[Tuco]

I like to sit logged on all the time so I can check my P&L periodically.
You have to do that or how do you keep on top of their mistakes?

I'm logged into the Betfair website all day but only place bets through BA.
I guess it's bet placement rather than logging in.

...same here - I like to check bets unmatched/matched, P&L etc. on the BF website, but only place bets through BA.

[ShaunWhite]

On the one hand they're imposing restrictions, while with the other they've sent me 4 x £5 free bets this month. Go figure.

I'm not sure what other people have done who rely on Betfair for a living, but I've tried to preempt problems by regularly reminding them about my situation, including letting them know what sports I plan to bet on, my expected turnover, number of bets etc for the upcoming month. The reason being that I hope £1.5m/month staked and 100,000 bets won't be seen as problem gambling..... if I planned to do it.

So far so good. All this account restriction stuff is a pain but seeing as I need them more than they need me, I'm just trying to do all I can from my end and it's also a good history of evidence if I do have problems. Can't do any harm to try and be proactive. Maybe no good but definitely no harm.

[napshnap]

On the one hand they're imposing restrictions, while with the other they've sent me 4 x £5 free bets this month. Go figure.
...

They are hinting, Shaun, be on the alert!))

[aperson]

More than the limit, I thought this was odd: -


too long on site.jpg

Genuine question. What do you say in reply to that to stop them restricting your account? I'm guessing "I have a large lifetime profit and therefore don't ever feel out of control with my gambling as I'm not a gambling addict" may not be best, even if it's true. They are asking you to prove a negative. I know I'm not a gambling addict, but how on earth do you prove to someone that's true. It's a joke.

[ShaunWhite]

More than the limit, I thought this was odd: -


too long on site.jpg

Genuine question. What do you say in reply to that to stop them restricting your account? I'm guessing "I have a large lifetime profit and therefore don't ever feel out of control with my gambling as I'm not a gambling addict" may not be best, even if it's true. They are asking you to prove a negative. I know I'm not a gambling addict, but how on earth do you prove to someone that's true. It's a joke.

As I said, tell them what you plan to do in the future because what you've done in the past isn't as relevant.?