Originally Posted by
noyb
I've been betting for about 10 years. My money has been all over the world, including countries I have never ever heard of. My biggest loss ever was with Sportsalive, an Australian bookie that was supposedly regulated. I'd much rather bet in a country that doesn't pretend to regulate anything, so you know you are on your own, than one that makes you feel safe, but when things go wrong nobody cares.
What has it been since Sportsalive went down? Three years? Everyone involved denied responsibility. There was a regulatory commission who have done absolutely nothing ever, and still denies any wrongdoing. The Australian Ombudsman has been investigating for 3 entire years now, without any conclusion. I'm sorry, but I've lost my admiration for so called Australian regulation somewhere along the way.