[Dizzy]

I have held an online account at Paddypower.com since February 2006. I opened my account with €100 euro. I only ever bet on UK horse racing. Over the course of the next 15 months I deposited a further €500 and never made a withdrawal. The highest amount that my account ever reached was €1654.15.

On 28th of May 2007 my balance totalled €1392.28. A profit of just €792.28 over 15 months. This means that I averaged winnings of €13 euros per week. Now my account is limited to peanuts. There has been a restriction placed on my account which allows me to bet little more than pennies.

When I called up to enquire why this may have happened, I was told that it was a trading decision and they did not have to give me any more information. When I explained that I was a customer for over 15 months and would now have no option but to close my account as a result of this, they simply replied that this was the course of action that they hoped I would take.

I know that these are difficult times for bookmakers since most have lost American customers. But have things really gone so bad now that books don't even want recreational players. I mean, you would certainly not class me as a professional player. I would even feel that it would be generous to class me as a recreational player. So if books like Paddy Power do not even want customers like me, then what exactly do they want???

If the answer is that these cowardly bookmakers only want losing accounts and will not allow players to win any significant amount of money at all. Then I would have to ask, what is the purpose of anyone opening accounts with them at all???

Before anyone suggests that I use the exchanges, I would like to point out that I have already got a Betfair account. In fact that is where I am going to put some of the money which I have now withdrawn from my Paddy Powerless account. I did like to have bookmakers accounts though for variety and occasional better odds in the place / Each way markets.

If these bookmakers are trying to compete with the betting exchanges (which allow you to win limitless amounts of money). This is not the best strategy to employ in the long term. In fact, I can see it as being nothing other than suicide.

[Jamie_UK]

Before anyone suggests that I use the exchanges, I would like to point out that I have already got a Betfair account. In fact that is where I am going to put some of the money which I have now withdrawn from my Paddy Powerless account. I did like to have bookmakers accounts though for variety and occasional better odds in the place / Each way markets.

If these bookmakers are trying to compete with the betting exchanges (which allow you to win limitless amounts of money). This is not the best strategy to employ in the long term. In fact, I can see it as being nothing other than suicide.
Dizzy is online now Report Post Reply With Quote

ahh yes, well, you Dizzy little rapscallion, if you have a BF account, that means you are shoping for value at the book, IE the fore said Mssrs Padcraig & Power. I shall let you into a secret, bookmakers dont take well to your sort, there is no profit in punters who take the value and they are better off shot of you as opposed to losing money to you, something that is guaranteed if your always on the out of line value, I do hope this answered your question

Lots of Love

Jamie X

[nikosgr]

Paddy is a small fair eurobook (compared to others) and like every book likes losers.
The stupid american law had nothing to do with PP since their basis is mainly British and secondly continental european.1 good thing about them is that they do pay.
If you are a recreational player, then you have absolutely no problem to move to an other bookmaker.
Did they also limit your betting account?

[kiwi]

PaddyPower (like all other british or irish bookmakers) is useless on the long run. Concerning british bookmakers I suggest to 'make as much money as you can as fast as you can' and then leave them alone.

[vanman]

Originally Posted by kiwi

PaddyPower (like all other british or irish bookmakers) is useless on the long run. Concerning british bookmakers I suggest to 'make as much money as you can as fast as you can' and then leave them alone.

Can`t the same be said for most books

[mavs1978]

go to pinnacle

[kiwi]

Originally Posted by vanman

Can`t the same be said for most books

Sure, but of course there are huge differences between the bookies and some won't limit you.

[vanman]

Already use pinny mavs no serious punter can do without them.

[Dizzy]

Originally Posted by vanman

Already use pinny mavs no serious punter can do without them.

OK, notice how I said that I only bet on UK horse racing, then tell me how I should choose Pinny

[scoob40]

Originally Posted by vanman

Already use pinny mavs no serious punter can do without them.

Not sure that Jamie would agree with that statement.

[Gorzy]

As nikosgr said...The stupid american law had nothing to do with PP since their basis is mainly British and secondly continental european......

That its true, they have another big problem:

Keith Elliot, Director of the UK Horserace Betting Levy Board said:
"In essence the advent of the exchanges has meant that the bookmakers can't control the prices as they could in the past and that has reduced their profits on horse racing and that has affected every one of their betting shops in the country."

So the traditional bookmakers do not even want sharp customers betting in horse racing.

Now, they have found a new way to keep their profits up. They've got rid of the horses. Virtual racing, where the horses and the riders are computer generated, are now available in thousands of betting shops across UK.

"The good thing about these races of course is that you don't get fallers and every one of them is trying and it is a perfect race," explains Chris Bell from Ladbrokes.

It also has fixed margins, so over the long term, the bookmakers can't lose.

In concl, they simply replied that this was the course of action they hoped you would take, because they are not trying to compete with the betting exchanges, they can´t.

[wack]

How many bets did you place at PP when there were better odds (win and place) on betfair?

Boy, if recreational players find it this easy to make money these days the pros must have it real easy.

[jjgold]

All Euro books are great for $20 bettors but anymore I would not advise to play at any of them.

[fixxer]

I am using Paddy Power for years, with sometimes big wins, and not that bad total balance...

I NEVER got any restrictions from PP (tho I never bet on horse racing), and PP is one of the best betting offices imho....and I never heard any complaints about PP limiting accounts.

Yes, many Betting offices are bad in europe because of limiting, but for example Paddy Power and Ladbrokes are TOP bookies for me, and I like Gamebookers too....

European bettors usually wants to bet on european sport events (too), like european basketball, small european soccer leagues, handball, water polo, etc....and US betting offices usually NEVER offer odds on these events.

Of course, if I want to bet on US sports, I rather choose TheGreek or Pinny, but for european sports, there are many good european offices, which are not limiting customers....and imho Paddy Power is one of the best! (at least for me)

[fixxer]

Originally Posted by jjgold

All Euro books are great for $20 bettors but anymore I would not advise to play at any of them.

That's not true...C'mon, do you seriously think that ONLY US sportbooks are good?

Have you ever heard of Ladbrokes for example?

[jjgold]

UK books are very good but one of the reason is because of very small limits when you win a few bets.

[Dhuepaxuz]

Customer Service could use improvement.