Probably this is what happens when UK/IRE bookies sell out for a fortune to big US firms.
Theres also the same rumours on Twitter that
Coral and Ladbrokes have cut antepost horse racing max payouts from a million to 100K
- I havent found that has happened in their t's and c's yet.
I doubt the new owners know or care much about UK/IRE antepost horse race betting, as maybe its not much of a thing in their own country.
Looks like you can still win a million quid off them by backing after decs, so I will be aiming to do that on Cheltenham Festival week.
Keep in mind that 50K Max will most likely mean max payout on settlement day, for bets placed under this reduced limit
So if you then load up lots of 50K payout bets with them, all ending with a Friday Cheltenham Festival horse, then the payout may end up a max 50K, even if you've won well over 50K across several different bets, placed at different times.