13th April 2014, 02:31 PM
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Member
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Join Date: Sep 2011
Posts: 1,534
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Quote:
Originally Posted by Chrome Prince
Interesting you got a warning for laying under the minimum, never had one of those. Might be you were doing lots of little ones and no big ones?
When I was laying the field, I had numerous lays under $5.00 and many in the cents range without warning.
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No it wasn't that many. It would have been less than 5% of my bets under the minimum staking size. I talked to the support guys on the phone and they wouldn't confirm it in writing but they indicated one of the reasons I was sent a warning was that they looked the other way until you started generating a certain profit each week and I was now above this threshold.
There isn't much I can do about it except accept it and do my best to meet the T+C's and not get banned.
I have done an analysis on backing and laying. ie Lay to a liability of $1000 and back to a liability of $950 so that I am only risking $50 and it still shows an acceptable profit. This means my turnover is going to double but at least its on sports overseas which means no turnover tax implications.
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