maybe he is referring to the tight odds on a lot of races
i'm almost done with it all as well , i have very little in the way of online accounts left anymore , B365 closed me down this week which was my last decent account , can't get out any of those dubious punts , pretty sickening really, i know a few others feel the same way , i can't remember a year i don't have a proper bet in the Championship races,
i think Steve is pretty much spot on
I didn't see/hear the interview but it's clearly stirred up a response in here.
I'm similar to you TF, accounts have all but disappeared, I have a couple of racing friends whose accounts are being ruined this year by me, next year I think I'll just sit back and watch and pop to the shops very occasionally.
I don't disagree with the concept that ante post betting is hard/harder/dying etc, it is very different to what existed years ago but that I think is because you have the opportunity to trade a position via the exchanges and through cashout.
Exchanges don't mature until near raceday and this is when bookmakers can manage their liabilities, six months out they can't, so anyone wanting a hundred quid on a 33/1 Supreme shot is going to spook the bookmaker and therefore the market, this happened years ago too.
No question book building is a skill, perhaps if they removed cashout it might help bookmakers keep prices and take bets, I don't know.
But I do know many FJs would suffer if that were to happen.
What I don't get, and it rarely gets mentioned in here, is the book builders in here are clearly tying up funds for months at a time, how are those punters not being grabbed by the bookies compliance checks/teams and forced into a financial interrogation ?
We have a rule of not talking numbers in here but I have to break that rule to emphasise the story here:
I have what will become a legal battle with Betfred upcoming, their records only go back four years but they've confirmed my account has a profit of 27 grand and I have 7 grand of ante post bets (Cheltenham), so in effect 34 grand profit albeit with 7 grand reinvested.
They asked me to provide bank statements etc as part of a responsible gambling and proof of funds check, which if your account is in profit is completely nonsensical to me, I refused and pointed out that if my account was in profit is it not obvious where the funds are coming from that I subsequently deposit and there are obviously no affordability issues if I'm winning ! It was a painful exchange with Betfred compliance and customer services teams being completely devoid of common sense.
As a result of me rejecting this interrogation they have closed my account and said that any returns from my ante post bets will not be released until I comply with their checks, so I think I'll be getting lawyers onto it.
So, if bookies are demanding these checks are performed on winning accounts they surely have to be doing the same to losing accounts, and if so how are book builders avoiding this ?
Or are the book builders complying with these checks and suffering the extreme restrictions that are guaranteed to follow ?
Regulation, or bookmakers interpretation of regulation, is what's killing the industry...