Account Closures, Lay To Lose Limits, etc

Mostly Harmless

Thought I would start this thread as had commented on something similar in a separate thread and do not want to derail that any further.

Hot topic in industry right now and is becoming harder and harder to get any meaningful bets on prior to the formation of a liquid betfair market and many firms have started pulling plug on accounts at first sign that customer is not a complete mug.

Some voices calling for a minimum liability (e.g. lay up to a liability of €250 per customer on overnight prices and €1000 per customer on day of race prices) - personally think this would be impossible to do online as the pro lads would have a rake of accounts and would hoover up any of the ricks within minutes - would also likely mean betting to 150+% book on early prices.

Not sure what ideal solution is, understand bookmakers are a business and are not obliged to entertain sharp business (esp on niche markets) but current system is failing when recreational punters are getting closed down by some of the more overzealous restricting firms (not mentioning any names).

famagusta

Great idea for a thread, it's a pain in the ass for a lot of people at the moment.
The final furlong has a podcast called 'the betting debate', well worth a listen.
I think the 'lay to lose a grand' is the way to go, seems to be working in Australia!