Hi Wesmip,

You knew you would be asked this question. How can you put a bet of 20 cents on betfair,..?.

Regards, Paul

Unfortunately Betfair has warned me not to again bet below the minimum, yet I'm under the impression that betting very small amounts through BOTS is not forbidden.

And I don't think their S.P. can be manuipulated to allow for this. Not that it currently worries me but that's not to say it won't in the future.

It is Michael, and they will ban you. Must do wonders for their bottom line banning accounts that turnover $1,000,000 plus per year.

Mark, a million dollar annual turnover equates to about $2,500 turnover each day, how many of their clients can come close to matching that? And anyone with such a high turnover would strongly be expected to be winning which means they are adding to Betfair's coffers. It's puzzling that they would threaten anyone whose annual turnover is above a certain amount.

They must have a good reason/s, otherwise you'd expect they wouldn't do it.

I'm speaking from experience Michael.

Did they give you a reason?

email me if you like.....punt mark at hot mail dot com....no gaps.

michaelg, Mark,

They WILL ban you if you trade in small amounts. All of the people I know have been banned for trading in less then $5 amounts. There is apparently some loop hole that saves you commission or affects the other side of the lay/bet. That has been the word from the people I have talked to that have been banned. Mark can you confirm if you were just placing one bet or doing trades (2 or more bets on the same horse in the same market).

If you bet a minimum of 20c you should be fine. I do it a lot to test systems and I have not even been questioned. I merely place the bet or lay though and do not trade. I guess my bets are also intermixed with higher then $5 bets as well so maybe that is why I have not been questioned/banned.

I know also that anyone that bets/lays under 10c will come under their radar as it automatically removes commissions on these bets (as the 5% is less then 1c). Hence I suggest 20c.

Good Luck.

Wesmip1, I don't think my bets were under $0.20 nor did I trade, but I did remove the connected bet of $5.00 before the race started just in case I accidentally did something silly with it. I suspect this could be the reason they warned me.

My system lost today. I had 10 winners from 11 races, but because most of them were fancied in the market the outlay was more than the return. Fortunately the loss was only $0.30.

michaelg,

Just checked the bets against the system I came up with thanks to your prompting. It had 4 bets today for one $18 winner.

If I had started it yesterday it would have been even better. There were 13 bets yesterday for 2 winners priced at $16 and $29.