14th January 2010, 12:07 PM
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Member
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Join Date: Jan 1970
Posts: 4,426
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I believe that IAS and LuxBet don't restrict you.
Alex Read told me they don't ban winning punters.
Which brings me to a very important point that I'm very uneasy about and haven't seen it mentioned anywhere.
LuxBet offer odds based on mid tote and metro best tote.
Given that they own two of the totes the dividends are calculated from, means they have their finger on the button.
I'm not suggesting that they do anything untoward, but to me it seems like a conflict of interest for punters and open to abuse.
I really feel that regulatory bodies have failed punters in this area.
Hypothetically it would be possible to alter the odds to their advantage.
Not saying it occurs, just suggesting that avenue should have been shut down.
Thorns, you're an astute man.
I was hoping nobody would pick up on that.
Yes it's true, and it's extremely rare for a horse to firm and then blow out a big percentage on track.
However, it is not uncommon for the reverse to happen.
Betfair return I would expect to be below the best product offering by bookies after commission. You have to give away 5% and many horses go off shorter than the bookies.
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