Arbusers

Hello everyone, yesterday my KingFair24 account was closed. I went from €300 to €4100 during that period. I made 3 withdrawals of €450 each without any problems, and this week I had a good streak in UK horse races, all in liquid markets and winners. My strategy is to back a horse that I believe will have lower odds before the race starts, almost always in short races, and then place a lay bet on that same horse, all before the race starts. I should also mention that if I see a horse not performing well during the race, I sell the lay bet at higher odds, but this happens very rarely. Well, yesterday, after winning €700 in the last race, my account was permanently closed, and I received this email:

Dear Mr. Montiel


Following confirmation from our partners, you engaged in the violation of the game rules which is completely against the Terms and Conditions of Kingfair24 Exchange and Betfair. Therefore, your accounts will be permanently closed.

No additional deposits or withdrawals will be accepted from your account, which will be permanently closed. This is also stated in our Terms and Conditions:

3.10. You must not either attempt to manipulate any market or element within the Service in bad faith nor in a manner that adversely affects the integrity of the Service or us.

6.3. We may close or suspend an Account if you are not or we reasonably believe that you are not complying with these Terms, or to ensure the integrity or fairness of the Service or if we have other reasonable grounds to do so. We may not always be able to give you prior notice. If we close or suspend your Account due to you not complying with these Terms, we may cancel and/or void any of your bets and withhold any money in your account (including the deposit).


The following above, all of the accounts you have created to Brokerstorm has been closed permanently.



Kind regards,


I talked to them via live chat because I couldn't access my account, and I asked them to investigate my bets since I didn't do anything fraudulent as they claim. I asked them to send me a statement of all my bets, but I don't know if they will send it to me. That's why I'm asking here if anyone from the BrokerStrom.com department can tell me where I committed this alleged infraction that led to my account being closed without any explanation, or if anyone here can help me. I hope this gets resolved because it seems that if you win a few thousand in a week, they throw you out and keep the money. I hope for your help, thank you.

interesting story, I hope someone from BrokerStorm does reply , but I've read on another site that by 'explaining' what they think occurred they are just giving info that can be used against them. That makes sense to me.

I am curious about one aspect of the strategy: "My strategy is to back a horse that I believe will have lower odds before the race starts, almost always in short races, and then ...". Why is there "and then" ? If you have some way to determine that the odds for a horse will go down before race time, backing the horse is all that's needed isn't it? If you can beat the Betfair BSP (ie get higher odds than that prior to the race, which is what your strategy is) you will win in the long run. It will have up and down periods, but you'd be guaranteed to profit over time if you can consistently beat the BF BSP. Adding in a Lay aspect doesn't seem necessary (which is the 2nd part of your strategy).

I'd really like to know what happened in the last race, the amounts, the horses, the thought process. I'm in awe of anyone who can make that much in a short period, unless it was a pure 'lucky streak' and they just got upset and closed the account (but how do they justify keeping the winnings ?). And if there are ways to "manipulate" the market or system, I'd like to understand the details and why it's apparently easy to spot.

As someone who has put in a ton of time (years) studying UK and US horses races, having a database of almost 1,000,000 horse results, and can still barely move the needle in the profit direction, stories like this are fascinating. Good luck, I hope you get some compensation for this.

@ AlfCom8282323456,
Sorry for your problem. I'm afraid some agencies and brokerage firms aren't what they should be, ask people or search on the Internet. Wish you a good resolution on that case.

@ James Ravazzolo,
in order not to be off-topic in the original Author's thread and not to flood the problem She/He is describing here in that thread, I would like to post my opinion for the Back-Lay trading here in this thread:

horse-racing-the-sport-of-kings-t8706/99591#p99591

Can you tell us when did you plase those back bets (few munutes before race or few hours before race start)?

James Ravazzolo wrote: ↑

Sun May 26, 2024 2:11 am

interesting story, I hope someone from BrokerStorm does reply , but I've read on another site that by 'explaining' what they think occurred they are just giving info that can be used against them. That makes sense to me.

I am curious about one aspect of the strategy: "My strategy is to back a horse that I believe will have lower odds before the race starts, almost always in short races, and then ...". Why is there "and then" ? If you have some way to determine that the odds for a horse will go down before race time, backing the horse is all that's needed isn't it? If you can beat the Betfair BSP (ie get higher odds than that prior to the race, which is what your strategy is) you will win in the long run. It will have up and down periods, but you'd be guaranteed to profit over time if you can consistently beat the BF BSP. Adding in a Lay aspect doesn't seem necessary (which is the 2nd part of your strategy).

I'd really like to know what happened in the last race, the amounts, the horses, the thought process. I'm in awe of anyone who can make that much in a short period, unless it was a pure 'lucky streak' and they just got upset and closed the account (but how do they justify keeping the winnings ?). And if there are ways to "manipulate" the market or system, I'd like to understand the details and why it's apparently easy to spot.

As someone who has put in a ton of time (years) studying UK and US horses races, having a database of almost 1,000,000 horse results, and can still barely move the needle in the profit direction, stories like this are fascinating. Good luck, I hope you get some compensation for this.

So far, I haven't heard from anyone. Regarding James Ravazzola's comment, either I explained myself poorly or I was not understood. What I meant to say is that before the race, I place a back bet, for example, at odds of @14, and before the race starts, I leave a lay bet using their Keep option so that the bet stays active and cannot be canceled. I believe the lay bet was at odds of @2, and it just so happened that the horse won the race, resulting in a €700 profit. Sometimes, I leave the lay bet at higher odds, @3 or @5, but almost always in short races and before they start. I don't see how I could manipulate such liquid markets with this strategy. I hope I have explained myself better this time. Additionally, I request that if anyone from BrokerStorm is here, they come forward and send me my betting statement, including the times of the bets and the lay bets, etc., so I can present it.

that does sound very innocent and you just happened to pick a winner at 14.0. Big risk ($50?) Big Reward. They should not be allowed to confiscate winnnings in such a case. If situations like this are allowed to occur, then nobody will have faith betting with them. You didnt specify over what period you went from 300 to 4100. If it happened over a few weeks, the odds of that are extremely low and they must feel there had to be some unspecified 'manipulation' to cause it to occur. Over the period of this gain you never downloaded the bets or copy/pasted anything?

That's why I'm asking BrokerStorm to send me the betting statement since they've blocked my account, so they can see the evidence. Furthermore, the idea that I would manipulate winning markets for UK horse races is laughable, gentlemen

it seems like they've just wiped you from existence and stolen your winnings. Have you posted on another site, they seem to have some connections. Not sure I can give out the name here. They review sports books.

In what place? I didn't post anything anywhere else

check out sportsbookreview

Dear Brokerstorm agents,

I am kindly requesting my betting statement. Could you please be so kind as to send it to me?

Thank you.

To date, I still have not received any response from the gentlemen at BrokerStorm. Today, I sent another email kindly requesting a refund of my money or a statement of my bets so that I can take appropriate actions. I am seeking advice from someone in the forum on how to justify the legality of all my bets in winning markets in the UK. Thank you.

We have news from the gentlemen at BrokerStorm. They told me that I committed several infractions according to their rules. I will shortly post the image they sent me because I am looking for information on the 2 races that they claim I manipulated in super-liquid markets. I must be a magician to bypass all that liquidity and manipulate my horses. As I said, I will post everything shortly, and you can judge for yourselves.

Just a note, I need to find the odds database for the race at Bath on May 24th. I know Betfair had a database of all the odds, and this is to justify that the horse I laid before the race started dropped more than what I had, since that horse was in the lead for most of the race. I have already found the video of the race and would like to upload it for others to see. How can I upload the video file_

I am sharing the email they replied to me after I sent one earlier today:

Dear Mr Pinar,


As you have already been informed, you engaged in the violation of the game rules which is completely against the Terms and Conditions of Kingfair24 platform and our Company rules too. Therefore, your account will be permanently closed.

No additional deposits or withdrawals will be accepted from your account, which will be permanently closed. Also due to the fact that you violated T&Cs the funds have been deducted from your account and won't be refunded.This is also stated in our Terms and Conditions:

3.10. You must not either attempt to manipulate any market or element within the Service in bad faith nor in a manner that adversely affects the integrity of the Service or us.

6.3. We may close or suspend an Account if you are not or we reasonably believe that you are not complying with these Terms, or to ensure the integrity or fairness of the Service or if we have other reasonable grounds to do so. We may not always be able to give you prior notice. If we close or suspend your Account due to you not complying with these Terms, we may cancel and/or void any of your bets and withhold any money in your account (including the deposit).

Although, we are not obliged in cases of fund passing and in any kind of odds manipulation to give exact examples we can provide you with just 2 bet ids.(349593571131 349593389250)



https://ibb.co/5G4Y60N

Horse

https://files.fm/u/z4q4c65vz5

According to the image, the race starts at 7:00 PM. I place a Back bet at odds of @11 at 6:59 PM prior to the race, and I always place the Lay bet before the race at odds of @5, as you can see in the image. Watching the course of the race, my Lay bet at odds of @5 is matched at 7:01 PM, and as you can see in the video, horse No. 7, Sea Stream, is leading the race until the last stretch. It seemed like a strong candidate to finish in a good position, possibly even winning, and they are accusing me of manipulating the race. Therefore, my account is permanently blocked without any option to appeal. This is why I want to justify that I did not manipulate anything or commit the said infraction. The only thing I need to find out is how much the odds for that horse dropped to. If someone can tell me where I can find this information, it would be very helpful.