A good case for genuine exchanges

I notice that more and more, the best price available on the interbet exchange is LESS than the ruling price-add to that the increased commision and it becomes a joke!
We have plenty punters who would lay better prices -time to licence proper exchanges!!

That is what happens when you sell a share to a partner who has vested interests

Over the Air wrote: That is what happens when you sell a share to a partner who has vested interests

Yes,corporatisation does very little for racing ..............Operators,Interbet .........and even Betfair systems,since taken over, going backwards!

Bitcoin more to follow

The pricks limited me about 2 weeks ago - they want me to play only on the bucket shop site with the com and under the odds and limited liquidity

fingers wrote: The pricks limited me about 2 weeks ago - they want me to play only on the bucket shop site with the com and under the odds and limited liquidity

How do you get limited on an exchange? Or is it not an exchange anymore? I hear the majority of bookmakers that used to utilise this platform no longer do.

I really believe it's time to go to court against these sites that prevent one from getting even R500 of a horse because ones had the gall to back a winner or take a price that shortens ! This is clearly discriminatory- they want to deal only with mugs that they can fleece alive. They also bet to nearly 400% when paying 3 places. As an ex-bookmaker I am shocked by these practices. The problem is that the smaller bookie is being forced out by the betting conglomerates. This must also surely be against monopoly regulations as well. It really is time to start taking action.....

Over the Air wrote:

fingers wrote: The pricks limited me about 2 weeks ago - they want me to play only on the bucket shop site with the com and under the odds and limited liquidity

How do you get limited on an exchange? Or is it not an exchange anymore? I hear the majority of bookmakers that used to utilise this platform no longer do.

Their bookmaking arm limited me.
But even on the exchange I can only get what they want to lay, not what I want to back.

cliffordius wrote: I really believe it's time to go to court against these sites that prevent one from getting even R500 of a horse because ones had the gall to back a winner or take a price that shortens ! This is clearly discriminatory- they want to deal only with mugs that they can fleece alive. They also bet to nearly 400% when paying 3 places. As an ex-bookmaker I am shocked by these practices. The problem is that the smaller bookie is being forced out by the betting conglomerates. This must also surely be against monopoly regulations as well. It really is time to start taking action.....

if you ever put together legal action i will be willing to take part as i have been limited by a number of these okes !

One of the interesting issues I have right now is that there are certain bookmakers who are using a 3rd party to 'manage clients'.

That is a fact!

These 3rd parties are profiling customers,and then cutting limits.

This is the confidentiality clause as stipulated on a prominent bookmaker site who is using a 3rd party to do this:

Confidentiality of betting transactions

All betting transactions between

---

and a customer or another bookmaker shall be strictly private and shall not be divulged to any third party other than an appointed officer, an inspector appointed in terms of the relevant legislation, a police official as defined in section 1 of the Criminal Procedure Act, 1977 (Act No. 51 of 1977), or a person specially authorised thereto in terms of any legislation, where this is done in terms of an order of a competent court or where the customer has consented thereto.

I am still deciding how to proceed on this front.

Secondly,with regards to the actual limits themselves,I am in agreement with Rob Faux where he stated in a previous thread that it is a breach of certain clauses of the CPA.

I have discussed this with another prominent member of this forum,and we have decided to seek some legal advice.

I will advise in due course.

We intend to get a group of punters together(in terms of formulating a strategy),and would be keen to know how many people this has affected.

You can just drop me a PM just with the words 'yes' so that we can get some sort of idea of numbers.

Don't know yet how to send a PM but 'yes' !!!!

cliffordius wrote: Don't know yet how to send a PM but 'yes' !!!!

The wee symbol that looks like a chat bubble under a members profile

Do a test with me