I am learning things about Canbet
What I have found a few times - and I also just got a PM from a fellow poster about it - is that their sportsbook operates almost like an exchange at times. It's like they post their lines but there are only a fixed number of dollars that can be bet on them (regardless of the limits listed on the website).
The example in the PM I received was of trying to place 2K on a moneyline and getting the following message:
The current Canbet risk at the above odds has been exceeded. Press "Confirm Bet" to accept the reduced bet amount.
The reduced bet amount they were offered was $145.
I have had this happen a few times too. I just spoke to a manager over there and he didn't want to go along with my exchange analogy but I can't think of another way to explain it. Whatever you call it, that's what happens. I told him I would be posting this here and he sounded like he might have a look.
A few more points:
There is no way to tell ahead of time how much money you can put on a certain line. You have to go right to the final confirmation screen before you know.
It is equally likely to happen with spreads, totals and moneylines.
These different available "risk" amounts vary from game to game (i.e. - at any given time, every NBA moneylines on the board could have completely different "risk" available.)
This manager said that if you just wait a few seconds and try again, their "risk" should be increased. To be honest, that's not consistent with my experience. I've had cases where I've tried again several minutes later and still couldn't place the bet I wanted and finally gave up.
I'm not trying to put down Canbet. I have found them to be on a steady upward trend - getting better and better - for the last 6 months or so. And this effect I'm describing doesn't happen all the time - it is more the exception than the rule by far in my experience - but it had me scraching my head so I thought I would mention it.
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Originally Posted by BAUS