Quote:
Originally Posted by Loctus
This is ridiculous. Someone who knows more about sportsbetting than I do (read: everyone) explain this to me, why would the site limit bets instead of change their lines? If they don't want people to bet a lot on a certain result, doesn't that just mean that..... They should change the odds of those bets?
Unfortunately it's very common. Most UK/Euro bookies limit you immediately if you don't look like a mug, eventually limiting you to £0.01 bets or simply closing your account. Some will have their software offer you a worse price or there'll be a delay for a trader to manually approve. They do it simply because they can.
Even in shops they have a list of PTL (permission to lay) clients (mugshots on posters behind the counter etc) - they have to phone through to the traders to accept your bets. Often if you're on a PTL list they'll come back and offer you a worse price. Again, if you're too sharp they'll simply refuse service.
Australia have minimum bet laws, there's a bit of a movement towards that in the UK just now but it's stop and start. Corals claimed they'd lay anyone up to a certain amount a while back, in practice it doesn't always happen. A new online bookie opened called BlackType claiming they'd accept bets from everyone (it was their whole selling point) - their odds were terrible and they've started banning anyone showing a profit for using "automated betting services".
Stars have actually been one of the slowest to gub people at the moment (sites like BetVictor and Stan James will limit you after one bet, you have to prove you're a mug before they increase your limits) - they're trying to muscle in on a very saturated marketplace though so that's to be expected.