A player complains of price gouging by Bitcoin sportsbooks Cloudbet and Directbet.
They say Cloudbet consistently offers bogus odds.
EG: -1112 / +210 Cardinals vs. Diamondbacks in-play, Cardinals up 1-0. They say Bet365 had the odds at -375/+280.
Is this unfair or just a business setting their prices as they like?
They complain this is unfair because there are only two books offering live Bitcoin betting, Cloudbet & Directbet, so they have the market cornered, and can offer whatever prices they like. They suggest Directbet and Cloudbet act the same way.
The player also points out their rule; "7.20. Cloudbet reserves the right to declare a bet void, totally or partially, if it is obvious that bets has been made at odds that are clearly wrong and stand out from odds offered by other gaming
companies;"
And asks if bets like the example above should have action under the rule.
Opinions?