Bookmakers limiting accounts

[Euler]

We are all familiar with what goes on here, but this was an interesting story: -

https://www.theguardian.com/sport/2016/ ... are_btn_tw

The punter, whose identity is known to the Guardian, opened an account with Bet365 on 16 April and deposited £30,000 with the firm the following day, when she placed a series of bets on horse racing and lost £23,000. She received an email from Bet365 the same day, which stated that the size of the maximum bet she was allowed to place had been increased.

The following day she placed further bets with the remaining £7,000, winning a total of £47,000, which raised her balance to about £54,000. The same day she was informed via email that in future her account would be restricted to a maximum stake of £1 on racing bets as the result of a “trading decision”.

[LeTiss]

Even though PC is something which BF have been heavily criticised for, these stories are even worse

When they encourage losers, but ban winners, it creates the worst possible image of the bookmaking industry.

[jupiter_man]

365 is a ethical bookmaker compared to others, atleast they do pay the winnings.
Some will simply cancel her bet with stupid excuses. refund her stake then restrict her account.

[SeaHorseRacing]

365 is a ethical bookmaker compared to others, atleast they do pay the winnings.
Some will simply cancel her bet with stupid excuses. refund her stake then restrict her account.

No bookmaker is ethical. Nothing ethical about any bookmaker. Any bookmaker that offer a house edge on random events then advertise it, is simply not ethical.

[Euler]

The industry really should have embraced exchanges as an ethical way to gamble. By sliding into traditional bookmaker and exploiting the gullible and those that can't afford to lose, they will suffer long term. Exchanges offer a way forward.