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-   -   Arbitrage (http://forums.ozmium.com.au/showthread.php?t=25039)

SpeedyBen 6th October 2012 07:40 PM

CP
I really enjoy the terrific stats that you come up with, many of which I have never seen anywhere else.
You may be interested in my experience with Bet365 (UK). I was a couple of thousand dollars ahead when my bets were suddenly reduced, without any communication, to $2 or $3 dollars. I'm not kidding. When I contacted them they said I was perceived as a threat to their profitability. I said that I would like to close my account and they said that I couldn't withdraw any money that hadn't been "bet through ". I asked them how I was going to do that at $3 a time and I finally found someone smart enough to agree that it was impractical. When I finally got my money back after about 3 weeks I received an email telling me that I was welcome back anytime as I was a valued customer.
I was quite proud to be a threat to them even if I didn't quite believe it.

Chrome Prince 6th October 2012 08:09 PM

Hi Ben, I have heard many such horror stories about 365 :(
Another big name also limited me to stupid bet sizes without telling me, another withdrew best odds guarantee and another has limited me to win $1,500 on any outcome, horseracing, sports you name it.

However, I have no option but to lose overall with 365, so should not be a threat except for a lucky streak which will probably mean closure.
I intend to milk it using large stakes for as long as I can and then find another angle.
The best thing about this strategy is that by backing three or four horses, I have to end up losing overall with them. And I only win if the longest priced selection gets up.

"crosses fingers".

SpeedyBen 6th October 2012 11:37 PM

They should love you if you lose.
I was working a similar angle which was supposed to lose overall to them and recoup it with interest on Betfair. Unfortunately, I hit a streak of winners which meant I was winning from them and losing a lesser amount on BF. If I had known how quickly they would react I would have taken steps to deliberately try to lose some large bets to them and recoup on BF even if I lost a little in the process.
It was a shame because I was picking up $700 per week with no risk.


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