Originally <a href='https://www.sportsbookreview.com/forum/showthread.php?p=28973194'>posted</a> on 10/14/2019:
I still think that as Betfair accepted BET-IBCs client accounts, they owe a full explanation of why they are seizing the complete balance of one of their accounts. As they are a betting exchange, the reason cant be taking a bad line or for any bets placed on the exchange, so can only be for potential funds passing that I can think of. And looking at the P&L statement on page 1 of the thread it looks like a perfectly normal one of any serious punter/arber/trader to me.
I can understand why the player is frustrated, this is a very large amount basically for want of a better word, stolen from the player with no explanation whatsoever.
I still think that as Betfair accepted BET-IBCs client accounts, they owe a full explanation of why they are seizing the complete balance of one of their accounts. As they are a betting exchange, the reason cant be taking a bad line or for any bets placed on the exchange, so can only be for potential funds passing that I can think of. And looking at the P&L statement on page 1 of the thread it looks like a perfectly normal one of any serious punter/arber/trader to me.
I can understand why the player is frustrated, this is a very large amount basically for want of a better word, stolen from the player with no explanation whatsoever.