Deposited with them a week ago. Have been winning, but less than 5 figures. Got a email from them today telling me I am excluded from any deposit promotions in the future, no reason given.
It is 12 hours before game time of American sports and all the odds for every game listed for line betting are 1.80 for either side.
Anyone else have an experience like this?
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To remove first post, remove entire topic.
Deposited with them a week ago. Have been winning, but less than 5 figures. Got a email from them today telling me I am excluded from any deposit promotions in the future, no reason given.
It is 12 hours before game time of American sports and all the odds for every game listed for line betting are 1.80 for either side.
Basically this is it for me and William Hill. Deposited about a grand, won first bet, was offered a 200 dollar bonus bet that I placed the next day. Won that, and they didn't want to pay on some technicality. After talking to four people they finally credited my account for the correct amount. Their customer service people were very courteous and friendly, which is rare in Australia.
Went on a winning streak for about 7 days. On the 8th day, their odds, which hadn't been competitive with pinnacle, 5 dimes or matchbook went from 1.90 to 1.80 when I logged on. To make sure, I looked at their odds when not logged on, and the listings were all for 1.90, so those lines were for me, only.
A handicap line for a CFL football game, looked ok and at 1.80 (I hadn't yet made a deposit to another sportsbook and I liked the game), so I attempted to place a bet and the message on the bet slip was that my bet limit was $35.
Requested a payout for my total amount, we'll see how well/quickly they pay.
When betfair did a survey in their database of their 80,000 punters, they found that 3,000 of them were consistent winners, or 3.75%, and that winning percentage of bettors would be less in mug sportsbooks, as intelligencia would naturally go where the prices/vig of their bookie would be the lowest. To decide they are going to kick out as one of the 3%, after one week is ridiculous.
Lesson learned, moving on.
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Basically this is it for me and William Hill. Deposited about a grand, won first bet, was offered a 200 dollar bonus bet that I placed the next day. Won that, and they didn't want to pay on some technicality. After talking to four people they finally credited my account for the correct amount. Their customer service people were very courteous and friendly, which is rare in Australia.
Went on a winning streak for about 7 days. On the 8th day, their odds, which hadn't been competitive with pinnacle, 5 dimes or matchbook went from 1.90 to 1.80 when I logged on. To make sure, I looked at their odds when not logged on, and the listings were all for 1.90, so those lines were for me, only.
A handicap line for a CFL football game, looked ok and at 1.80 (I hadn't yet made a deposit to another sportsbook and I liked the game), so I attempted to place a bet and the message on the bet slip was that my bet limit was $35.
Requested a payout for my total amount, we'll see how well/quickly they pay.
When betfair did a survey in their database of their 80,000 punters, they found that 3,000 of them were consistent winners, or 3.75%, and that winning percentage of bettors would be less in mug sportsbooks, as intelligencia would naturally go where the prices/vig of their bookie would be the lowest. To decide they are going to kick out as one of the 3%, after one week is ridiculous.
They'll pay, but they'll weed out winning bettors and limit them to peanuts.
They aren't proper bookmakers in the traditional sense. Their focus is on finding and keeping losing bettors and they spend a lot of time and resources to that end. They also have no respect for the gaming laws in Australia (minimum bet laws on NSW horse racing, bans on in-play betting via the Internet) and they break these laws in order to maximise profits and keep losing bettors playing.
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They'll pay, but they'll weed out winning bettors and limit them to peanuts.
They aren't proper bookmakers in the traditional sense. Their focus is on finding and keeping losing bettors and they spend a lot of time and resources to that end. They also have no respect for the gaming laws in Australia (minimum bet laws on NSW horse racing, bans on in-play betting via the Internet) and they break these laws in order to maximise profits and keep losing bettors playing.
Lately William Hills becoming of of those sites I hate visiting. I also have a hard time withdrawing my winning with them asking tons of documents. I will be trying another site and see if they are much better than william hills.
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Lately William Hills becoming of of those sites I hate visiting. I also have a hard time withdrawing my winning with them asking tons of documents. I will be trying another site and see if they are much better than william hills.
Have been using matchbook......the best of all possible worlds...because there is no risk to the sportsbook because it is an exchange, (which means that for every bettor on side A, there is an equal amount of someone betting on side B). So, their juice is around 2%. That equates to money for the bettor over time.
There evidently are applications in Las Vegas to regulatory authorities to start an exchange, which will revolutionize the sports betting industry as regular sportsbooks will not be able to compete with a reduced juice model.
The Suits, or the accountant-types would love it, (and those making corporate decisions) now looks at risk modeling in making their decisions, and because there would no longer be sweating games with one-sided action, they will embrace this new paradigm.
For example if there is 100,000 dollars bet on team A and their opponent, team B has 200,000 dollars bet on them, this makes management and ownership very nervous. Usually the public loses about 60% of the time, so it works out beautifully for the sportsbooks, but it certainly is not a smooth week to week, or month to month profit taking enterprise like the one armed bandits give them. Sometimes the public can win for extended amount of time.
With an exchange, for 100,000 bet on team A, there is 100,000 bet on team B, and the excess unmatched bets are refunded to the customer. They are guaranteed their 2,000 dollar commission.
The benefit to the consumer is that there is no reason to kick out a winning bettor, besides reduced commission a bettors pays for the privilege of betting, is it's similar to parimutuel betting in horse racing, the house takes 20% first and the bettors fight for the 80% that remains to be paid out.
0
Have been using matchbook......the best of all possible worlds...because there is no risk to the sportsbook because it is an exchange, (which means that for every bettor on side A, there is an equal amount of someone betting on side B). So, their juice is around 2%. That equates to money for the bettor over time.
There evidently are applications in Las Vegas to regulatory authorities to start an exchange, which will revolutionize the sports betting industry as regular sportsbooks will not be able to compete with a reduced juice model.
The Suits, or the accountant-types would love it, (and those making corporate decisions) now looks at risk modeling in making their decisions, and because there would no longer be sweating games with one-sided action, they will embrace this new paradigm.
For example if there is 100,000 dollars bet on team A and their opponent, team B has 200,000 dollars bet on them, this makes management and ownership very nervous. Usually the public loses about 60% of the time, so it works out beautifully for the sportsbooks, but it certainly is not a smooth week to week, or month to month profit taking enterprise like the one armed bandits give them. Sometimes the public can win for extended amount of time.
With an exchange, for 100,000 bet on team A, there is 100,000 bet on team B, and the excess unmatched bets are refunded to the customer. They are guaranteed their 2,000 dollar commission.
The benefit to the consumer is that there is no reason to kick out a winning bettor, besides reduced commission a bettors pays for the privilege of betting, is it's similar to parimutuel betting in horse racing, the house takes 20% first and the bettors fight for the 80% that remains to be paid out.
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