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Bet365 ordered to restore account limits

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Wolfie
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Re: Bet365 ordered to restore account limits

Mon Sep 23, 2019 10:40 am

Samael wrote: If this was anything else and not betting, this abusive system woudnt exist.It basically allows incompetent people and companies
to stay alive and earn ton of money without giving anything back.

"The Court of Madrid has ruled in favor of the bettors. The ruling states that the plaintiffs were not professional players"

Why is "fact" they were not professional players important to decision that they were not professional players,and what exactly makes bettor a proffessional?How do these people prove on court they are not proffesional and their wins are just lucky streak or whatever
In court terms i think professional gambler does not mean winning gambler but abusive gambler which takes advantage of the bookie system with breaking terms. The fact that they gave right to customer i think proves this. Because they were winning customers.
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Re: Bet365 ordered to restore account limits

Mon Sep 23, 2019 10:42 am

Alfa1234 wrote: This is very interesting.  I am wondering if this can be used as a precedent or some kind of a legal basis for actions in other countries and against other bookmakers.
Yes, it can be used, but not now. Because as you see:
arbusers wrote: The ruling admits an appeal to the Provincial Court of Madrid and it remains to be seen if there are more episodes around the corner.
I m sure Bet365 will take all the time of the world until they go there. And I m sure their legal team is on fire. Because a court ruling in country A of European Union creates a precedent in all other countries. Of course, many judicial systems are slow, for example in Greece it takes more than 10 years for a court to make a decision, but other countries are much faster.
Having seen the McCann story, I believe there will be an under the table deal between the 8 guys and Bet365.
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Re: Bet365 ordered to restore account limits

Mon Sep 23, 2019 10:43 am

You have to remember pinnacle has only a few main betting markets for a football match whereas b365 is aimed at recreational punters with 100's of sub markets. It wouldn't be possible to constantly update all the odds all the time when there is market movement. If I had an unlimited b365 account I could take them to the cleaners. If all the sharps attacked them they would lose money and be forced to close down.

Some soft books like WH are so useless you can cross market arbitrage them with their own odds.
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Re: Bet365 ordered to restore account limits

Mon Sep 23, 2019 12:51 pm

arbusers wrote: For its part, Bet365 presented an expert evidence at the oral hearing in order to justify the access and use of the betting system by the plaintiffs in a fraudulent manner, incurring in collusive practices. The bookmaker understood that they were developing concerted practices with the aim of preventing, restricting or distorting competition.
Look at Bet365s ethics and practices. They try to discredit anyone who is able to take their money.
On the other hand, even though this is big news in the betting world, absolutely no one posted that before arbusers even in bigger forums and websites. Seems bet365 is feeding everyone in this business.
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Re: Bet365 ordered to restore account limits

Mon Sep 23, 2019 1:01 pm

I think a fair resolution would be for all bookmakers to accept a minimum bet. If they close and restrict accounts at the drop of a hat they shouldn't be allowed to operate.
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Re: Bet365 ordered to restore account limits

Mon Sep 23, 2019 1:53 pm

I was expecting something to be done about this when US states started to legalize betting more and more.
Someone there might make a push?

Basically what i dont like is that companies like paddypower,bet365 make ton of money doing nothing and
offering markets and lines that are not competitive.There defense is only to limit or ban your account and pick
customers that are welcome.

Changes in that policy will lead to lot of softs shutting down while few others would try to implement asian way of operating
-only copying higher limit markets and stop offering lower leagues etc
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Re: Bet365 ordered to restore account limits

Tue Sep 24, 2019 8:45 am

I am not quite sure how this order could help a player's business.
Everyone in this business has different abilities, capabilities, and targets. The small player and the semi-professional arber is looking for a minimum flat stake, even if this is as low as 100 euros. Because 100 guaranteed minimum stake will lead to what...100-200 guaranteed arbs per day? That would be a lavish income from Bet365.
As the boss said multiple times in this forum, there is no free meal in the market, and if you are looking for a free meal from Bet365 you will be disappointed. Even if there is a minimum flat stake guaranteed that would go down to 5-6 euros.
That would take the free meal from the semi-professional and give it to the bot developers. When bots attack, the flat stake would go down to 0.5-0.6 euros.
Requesting a guaranteed minimum everything is the trap that we have seen all over human history. 
Be careful what you wish for because some times the wish might turn out to be a nightmare.
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Re: Bet365 ordered to restore account limits

Thu Sep 26, 2019 9:59 am

balls of steele wrote:
arbusers wrote: For its part, Bet365 presented an expert evidence at the oral hearing in order to justify the access and use of the betting system by the plaintiffs in a fraudulent manner, incurring in collusive practices. The bookmaker understood that they were developing concerted practices with the aim of preventing, restricting or distorting competition.
Look at Bet365s ethics and practices. They try to discredit anyone who is able to take their money.
On the other hand, even though this is big news in the betting world, absolutely no one posted that before arbusers even in bigger forums and websites. Seems bet365 is feeding everyone in this business.
It is a tactic that we mentioned on our annual reviews as well. Bookmakers are trying to vilify smart bettors until it comes down to a court. It is a pity that many authorities pay more attention to what bookmakers say.
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Re: Bet365 ordered to restore account limits

Fri Sep 27, 2019 12:59 pm

campeones wrote:The small player and the semi-professional arber is looking for a minimum flat stake, even if this is as low as 100 euros. Because 100 guaranteed minimum stake will lead to what...100-200 guaranteed arbs per day?
You'd find they'd sharpen up their prices pretty rapidly at that stage.
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Re: Bet365 ordered to restore account limits

Sun Nov 03, 2019 9:25 pm

Samael wrote: If this was anything else and not betting, this abusive system woudnt exist.It basically allows incompetent people and companies
to stay alive and earn ton of money without giving anything back.

"The Court of Madrid has ruled in favor of the bettors. The ruling states that the plaintiffs were not professional players"

Why is "fact" they were not professional players important to decision that they were not professional players,and what exactly makes bettor a proffessional?How do these people prove on court they are not proffesional and their wins are just lucky streak or whatever
I think it has to do with the consumer protection law in Spain. If you are a company and you contract/buy services from another company you will have different laws applied. So, as they were not considered professionals then they fall under the normal consumer protection laws
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Re: Bet365 ordered to restore account limits

Tue May 19, 2020 7:07 pm

FYI, we tried to contact the lawyer that handled this situation asking him more information about the case, but unfortunately, we received no answer.
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Re: Bet365 ordered to restore account limits

Sat May 23, 2020 3:44 pm

I guess the lawyer is Spanish ? Then have you tried to contact them in Spanish or in English?
Spanish people are very difficult with English, same as French, so if you tried in English is very likely they didnt reply just because the email was in English ....
I could help on a spanish written email if you want to give one more try
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Re: Bet365 ordered to restore account limits

Sat May 23, 2020 5:54 pm

chrisgr1984 wrote: I guess the lawyer is Spanish ? Then have you tried to contact them in Spanish or in English?
Spanish people are very difficult with English, same as French, so if you tried in English is very likely they didnt reply just because the email was in English ....
I could help on a spanish written email if you want to give one more try
Yes, the lawyer is Spanish. Do you want me to pass his contact to you, or will you create the text and send it to me?
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Re: Bet365 ordered to restore account limits

Mon May 25, 2020 3:02 pm

I am one of the guys who has been in the court against bet365. I wouldn´t have problem telling what happen by private to someone who has good reputation but we have a confidencial agreemnt and think it could hurt me to make it public.
The only think I can say is that we don´t have our accs without limits. So not as good as it showed at the beggining.
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Re: Bet365 ordered to restore account limits

Mon May 25, 2020 3:10 pm

mierdeitor wrote: I am one of the guys who has been in the court against bet365. I wouldn´t have problem telling what happen by private to someone who has good reputation but we have a confidencial agreemnt and think it could hurt me to make it public.
The only think I can say is that we don´t have our accs without limits. So not as good as it showed at the beggining.
Massive thanks for reporting this. I am wondering what is the reason for a confidential agreement.

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