Account suspended for premium charge avoidance
All speculation at the moment. I've offered to speak to them to help clarify any points or mis-understandings their may be on either side, but as they haven't taken that up I guess I will have to stew on it till early next week. If there is some new definition of avoidance then I think it would be worth some clarity from Betfair on what exactly that definition is.
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
I feel sorry for you Peter, can't say how that would feel.
This is really shocking stuff! Didn't see it coming...
I have to praise your behaviour, you did very well.To be fair to Betfair, I'm not going to post on the blog until the situation is clarified I told the press the same as well. It may be that I can't even comment then, but I think we should give them a chance.
This is really shocking stuff! Didn't see it coming...
Don't let it throw you off stride though guys, just because I can't do anything doesn't mean you can't rip through the markets this weekend! 
I'll be sure to post up what happens and why they did this so other people know why this has happened. Disappointed that the first I knew was when my bets started failing. I can't even view my P&L to see what happened in the market I was on at the time.
I'll be sure to post up what happens and why they did this so other people know why this has happened. Disappointed that the first I knew was when my bets started failing. I can't even view my P&L to see what happened in the market I was on at the time.
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lesblakeman
- Posts: 15
- Joined: Wed Jun 22, 2011 4:02 pm
Hope it works out OK , the fact they are getting back to you Tuesday is a good sign , usually takes a lot longer.
Just read this post...sorry to hear the news.
In Any other industry, key accounts would have an Account manager appointed, where matters could be sorted out quickly. Not Betfair.
It almost stops free speech against Betfair in fear that your account too might be suspended..Anyone who has a username on here that is their real name may want to register again under an alias!
In Any other industry, key accounts would have an Account manager appointed, where matters could be sorted out quickly. Not Betfair.
It almost stops free speech against Betfair in fear that your account too might be suspended..Anyone who has a username on here that is their real name may want to register again under an alias!
I went on holiday for a month to Ireland, I went a couple days after the super tax was announced and got back Tuesday. I can’t believe what betfair have done in a month.
Now they suspend Mr Webb.
I don’t know about anyone else but it was Peters free bet angel grid I suppose got into trading proper. He probably directly introduced hundreds/thousands of people to trading and hence profit for betfair, and possibly hundreds/thousands more indirectly from people trying various other vendors products and ending up with using bet angel (not to mention his courses, interviews, trade shows etc). All promoting betunfair.
They should be putting him on a pinnacle, dripping over him, doing everything they can to keep him sweet. 1% commission Mr Webb, free Cheltenham gold cup tickets Mr Webb, free fa cup final tickets mr Webb and helicopter home.
Bunch of doughnuts
Now they suspend Mr Webb.
I don’t know about anyone else but it was Peters free bet angel grid I suppose got into trading proper. He probably directly introduced hundreds/thousands of people to trading and hence profit for betfair, and possibly hundreds/thousands more indirectly from people trying various other vendors products and ending up with using bet angel (not to mention his courses, interviews, trade shows etc). All promoting betunfair.
They should be putting him on a pinnacle, dripping over him, doing everything they can to keep him sweet. 1% commission Mr Webb, free Cheltenham gold cup tickets Mr Webb, free fa cup final tickets mr Webb and helicopter home.
Bunch of doughnuts
Let's look on the bright side: -
When Betfair give me a response we will be much wiser on what exactly 'premium charge avoidance' is and how they now classify it. Or they will say, 'oops' and it isn't a bad as it seems. The fact they shot first and asked questions later indicates the former is going to happen. It will be beneficial for the whole community because, in my view, I haven't done anything that breaks their terms and conditions. So getting clarity on how they are going to enforce them should help everybody.
And my second positive is, it's another first for me on Betfair!
I can't really add much to the debate as it stands until Betfair decide they actually want to discuss the matter with me. At the moment I am completely clueless on what is happening. The only thing I know is I can't do anything on Betfair so I am going to get on with other things for the moment.
Loads of good sport around this weekend, so get stuck in and don't worry about something that hasn't happened yet.
When Betfair give me a response we will be much wiser on what exactly 'premium charge avoidance' is and how they now classify it. Or they will say, 'oops' and it isn't a bad as it seems. The fact they shot first and asked questions later indicates the former is going to happen. It will be beneficial for the whole community because, in my view, I haven't done anything that breaks their terms and conditions. So getting clarity on how they are going to enforce them should help everybody.
And my second positive is, it's another first for me on Betfair!
I can't really add much to the debate as it stands until Betfair decide they actually want to discuss the matter with me. At the moment I am completely clueless on what is happening. The only thing I know is I can't do anything on Betfair so I am going to get on with other things for the moment.
Loads of good sport around this weekend, so get stuck in and don't worry about something that hasn't happened yet.
I sent Betfair an email yesterday:
I read on Twitter that Peter Webb has had his account suspended.
I know you can't comment on another user's account, but I have to wonder whether he's been suspended because he's so successful. I find this worrying, as I don't want to spend lots of time learning to be profitable on Betfair, only to have the rug pulled from under me.
Can you assure me that Betfair doesn't suspend the accounts of customers just because they're successful?
This was their reply:
To re-assure you, we will not suspend accounts if they are simply successful. Accounts may get suspended for suspected fraud, integrity reasons, premium charge avoidance, etc but not if an account is simply profitable.
Jeff
I read on Twitter that Peter Webb has had his account suspended.
I know you can't comment on another user's account, but I have to wonder whether he's been suspended because he's so successful. I find this worrying, as I don't want to spend lots of time learning to be profitable on Betfair, only to have the rug pulled from under me.
Can you assure me that Betfair doesn't suspend the accounts of customers just because they're successful?
This was their reply:
To re-assure you, we will not suspend accounts if they are simply successful. Accounts may get suspended for suspected fraud, integrity reasons, premium charge avoidance, etc but not if an account is simply profitable.
Jeff
Euler wrote: Loads of good sport around this weekend, so get stuck in and don't worry about something that hasn't happened yet.
To be fair to Betfair Jeff, that reassurance is much more than you will get from Betdaq, where it says in the Betdaq rules that they will basically suspend or terminate any account for any reason they feel like. Out of the frying pan (Betfair) and into the fire (Betdaq) ?
Sorry to hear this Peter but was it on the cards?
Betfair just don’t want you as a customer end off!!
As for people saying that you have bought millions or hundreds of thousands to Betfair I don’t think so chaps, thousand’s yes.
I hope your accounts get restored ASAP.
This is all due to the fact that Betfair employ people to trade on their behalf.
Betfair just don’t want you as a customer end off!!
As for people saying that you have bought millions or hundreds of thousands to Betfair I don’t think so chaps, thousand’s yes.
I hope your accounts get restored ASAP.
This is all due to the fact that Betfair employ people to trade on their behalf.
Don't know about you, but it doesn't reasure me in any wayFerru123 wrote:I sent Betfair an email yesterday:
I read on Twitter that Peter Webb has had his account suspended.
I know you can't comment on another user's account, but I have to wonder whether he's been suspended because he's so successful. I find this worrying, as I don't want to spend lots of time learning to be profitable on Betfair, only to have the rug pulled from under me.
Can you assure me that Betfair doesn't suspend the accounts of customers just because they're successful?
This was their reply:
To re-assure you, we will not suspend accounts if they are simply successful. Accounts may get suspended for suspected fraud, integrity reasons, premium charge avoidance, etc but not if an account is simply profitable.
Jeff
Euler wrote: Loads of good sport around this weekend, so get stuck in and don't worry about something that hasn't happened yet.
, alot of bookmakers don't close winning accounts either, they just restrict you and be as Awkward as Possible untill you make the decision yourself.Well of cause he has, most companies would insure Peter was very well looked after, but not Betfair.bilko wrote:Sorry to hear this Peter but was it on the cards?
Betfair just don’t want you as a customer end off!!
As for people saying that you have bought millions or hundreds of thousands to Betfair I don’t think so chaps, thousand’s yes.
I hope your accounts get restored ASAP.
This is all due to the fact that Betfair employ people to trade on their behalf.