Betfair the most trusted company
On the 5th of August betfair suspended Peter Webb accounts without warning nor explanation , the designer of Bet Angel and one of the industry's most trusted people. He was kept in the dark for 5 day . According to him he had paid premium charges .
From his twitter
http://twitter.com/#!/betangel
@betangel Bet Angel
Betfair have suspended all my accounts this afternoon. I am waiting for a reply as to why.
5 Aug via web
in reply to ↑
@betangel Bet Angel
@mangomasher - The words incredibly bad publicity spring to mind.
5 Aug via web
@betangel Bet Angel
I've emailed them and asked if they can phone me or elaborate. It's only fair I should give them a chance to redeem themselves.
5 Aug via web
@betangel Bet Angel
Still not a whisper from Betfair.
5 Aug via web
@betangel Bet Angel
Somebody kindly gave me the direct number for their head of customer services. I just left him a message.
@betangel Bet Angel
Betfair still haven't told me why but have promised to get back to me by Tuesday to let me know the outcome of their 'investigation'.
5 Aug via web
@betangel Bet Angel
@mangomasher - I've asked them constantly to phone me to explain. But they said they won't let me know anything till Tuesday.
@betangel Bet Angel
I've offered to speak to whoever on the phone at Betfair and to visit their offices to offer clarity to the situation.
5 Aug via web
@betangel Bet Angel
Looking on the bright side, one less person in the market today. Unfortunately that's me!
5 Aug via web
Good one
@betangel Bet Angel
I don't understand why they would suspend first and ask questions later. Surely they must know if I am in breach of terms already?
5 Aug via web
@betangel Bet Angel
@mangomasher -
Betfair are refusing to let me withdraw funds. But there hasn't been much in their since 18/7
5 Aug via web
@betangel Bet Angel
Let's hope this is some horrible mis-understanding. I am happy to speak to anybody at Betfair to help clarify the issue. They have my number
5 Aug via web
@betangel Bet Angel
@bee9791 - Lets see. It's possible they may think I am doing something I am not. But it would have been nice to talk to them to clarify.
5 Aug via web
@betangel Bet Angel
@Sir_Back2lay @puntdotcom -
Five days now. If they really had an issue, they must know what that issue is and can surely tell me.
9 Aug via web
Yes this is f@cked UP . If betfair can f@ck around with a fish like him imagine what they can do to you ?
@betangel Bet Angel
Got an email from Betfair this evening. But need them to clarify what they have said. Expect another delay.
9 Aug via web
@betangel Bet Angel
@puntdotcom - I have my account back but I wasn't using it much anyway at 60%+
9 Aug via web
Well we don't know the full story on why BF suspended his accounts .
The fact is for 5 days they didn't even bother to tell him why !
For me serious problem would be if i had "live" bets. I don't even wanna think about it .I would lose control over my funds . Surly they wouldn't refund my trades /wagers .
Peter Webb's personal blog
http://www.betangel.com/blog_wp/
A lot of interesting read . However he doesn't talk about his suspension .I wonder why ? He also writes a articles in the Racing Post on Saturdays . On Augest 5th he wrote on his twitter
"The words incredibly bad publicity spring to mind".And then he goes quiet .He could of easily damage Betfair reputation .
Somehow betfair is been able to avoid all negative publicity , it's like complains don't even exist .
Here he talks about 60% premium charge
http://www.betangel.com/blog_wp/2011...tional-stakes/
Betfair to get rid off bots
http://www.betangel.com/blog_wp/2011/07/20/botfair/
Any of you wonder why BF is trying to get rid of SHARP players / Guys with a BIG MONEY that provide liquidity ??? And why betfair is trying to get rid off bots ???Good question .
I have a pretty good idea .
It's my personal opinion so take it the way it is .
In September 2008,Betfair introduced a "Premium Charge" 20% .
The 20% premium charge
didn't do well to get rid of the SHARPS/BIG MONEY .
So BF now increased
premium charge to 60%. Many of you said it's a suicide and it will discourage SHARPS .
Again it is my personal opinion . BF instead of been exchange is trying to act like a bookmaker . Why not . BF is reach enough ,BF robots already do and can provide the liquidity and balance the money ,on top they can swap any overlay (before you do it manually) .
It is a win win situation . Plus on top they collect 5% from the winners . This way instead of regular 5% they can do 7-7,5% ( again my estimates) .
The only competition to them SHARPS with bots . Guys with the big money who knows what they are doing .
Bots just like LIVE betting provide more turn around . More turn around, more profit a specially for an Exchange where they have ZERO liability. Example would be "black jack" the more hands are delt the more profit for the casino , but unlike an exchange casinos are always at risk (short term).
So you have ask yourself why Betfair wants to get rid off people who provide liquidity and overall turnaround .
PS . What do you do when you see rats like this running off the boat ?
GL.