Yeah, I got this after 5 bets and I can now get less than £100 on the Premiership. And I'd ignored very nice odds in the hope of extending the life of the account. Should have just caned it whilst I could.
I dont have sj account as when i tried to open it crashed and now just wont let me in, need to do on phone according to cs which i have not got round too yet. Anyway my question is i do have bp acc which was limited by the 2nd bet, if i open sj will i be limited because of the other acc?
It means you're winning too much from them!
I got the same email in December, followed by a heavy reduction of my bet limits (particularly on the horses) - when I probed this with the live chat and email (it took a while to get the proper answer) they told me why:
So I asked 'innocently' what is beating the price...
The reason for the restriction on your account is because you are beating the price by around 22%.
I am afraid that this correspondence will not be forwarded onto the trading department for further discussion.
Beating the price is when you have backed a selection at high odds knowing the price will shorten considerably on occasions.
After this, 5-6 months on, I got an email... (despite not using the account as i was limited to about £2
All Stan James accounts are reviewed on a regular basis by our Trading team, and due to betting patterns on this account the decision has been made to close it.
I would make you aware that this decision has been made at the highest level and will not be reversed. Any open bets will be honoured, and any outstanding balance will be returned to you via your normal withdrawal method.
Shame, becuase I like the site layout of SJ, and REALLY like their odds. The amusing part is that right after they limited my account beyond all recognition they sent me a very nice leather bound 2011 diary
Judging by the way they had the information of exactly how much I beat the price by, they keep statistics of every user and what odds they get relative to the stating price.
I don't think their arguments are overly valid, if I can 'beat' their price, it essentially means that I am just better at betting than them - I am surprised bookmakers don't find it embarrassing to close peoples accounts just becuase they take the prices that they offer them! I guess its about profit not pride, and they only want idiots on their site to chuck away their cash.
So how many of us can honestly say we have been "beating the price" by around 22%?!
I can, easy at stans. Instead of employing someone that can actually set odds, they just stick any old prices up, then get pissed off when people take the good ones.
Then they close your account.
But they cant stop you arbing thier shops lol
Beating Bookies since March 2006
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