Email from betfair (regarding stakes under £2)

[laffo16]

Recieved 12th April 10:40 from verification@betfair.com

In accordance with the Terms and Conditions outlined on our website, please refrain from placing bets less than the minimum stake (£2/€4/$AUD6). Any future contravention of this rule will result in permanent account closure.

If you need further clarification on this policy or have any other questions regarding Betfair, please don't hesitate to contact us.

Kind regards

Betfair Veirification Team


Helpdesk Tel: 0844 871 0000
Eire Tel: 1 - 800 944 000
Australia Tel: 1- 800 644 738
Free Fax (Australia) 1 - 800 068 593
International: +44 20 8834 8060

[laffo16]

has anyone else got this email? does this mean even greening up at stakes under £2 would result in banning? i'm really gutted about this.

[GaryRussell]

I haven't. Have you been placing many bets below minimum? I thought they tolerated the odd bet for greening up purposes. I shall ask the API team on Monday about this, if they are getting stricter they may ask me to remove the functionality from the program.

[laffo16]

not a huge ammount of bets, probably 15-25 a day at 0.30p for around 2 months. I just rung up the help desk and the email if definatly offical, but she couldnt help me any more then that. please let me know if you find out any more information or the specific restrictions regarding this gary.

[Ian]

I think it may be possibly to do with a blog where someone was claiming to make £100+ per day placing 1000's of 1p bets and was getting either getting free bets and/or no commission. They claimed to have people in India opening accounts and doing all the work. Can't find the link now, I'll post it if I can find it.

[Castillo]

Have you been placing bets below the minimum in Exchange Games?

I remember reading a while back people receiving the same email because they were backing below the minimum in exchange games.

I would be very surprised if they take a similar stance in all markets.

[laffo16]

just the horse racing & grey hound markets

[I'll Get Me Coat]

This is riskier than just being able to enter the below minimum stakes, but you could enter your bet for £2.30 at whatever odds you want then submit a lay bet for £2.00 at the same odds.

[PeteB]

Do you do any betting above minimum stakes, with the 30p bets just to even things up (in which case I'm surprised they mind) or is all your betting at 30p stakes (in which case they might!) ??

[laffo16]

Gary have you heard anything back from the API team yet about this?

[laffo16]

good news

Further to our earlier email, we have had feedback around your query as follows:

Betfair's terms and conditions prohibit the placement of bets below the minimum stake of £2. We are aware that some customers use software that circumvents the minimum stake restriction, and we have automated procedures that identify accounts looking to disadvantage or inconvenience other customers by matching an excessive number of small bets.

As part of that process your account was flagged and a warning was sent to you. On reviewing the activity on your account it is apparent that your account was flagged in error. We are happy to accept that the bets you have placed that are less than the limit were not placed in bad faith, and that your intention was not to disadvantage or inconvenience any other Betfair customers..

Please be assured that your account will not be closed just for placing the occasional small bet, but we are sure you'll understand why we need to take a firm stance over the small minority of customers who do place an excessive number of small bets. We apologise for any inconvenience this has caused you. Please do not hesitate to contact the helpdesk info@betfair.com if you have any further questions.


Kind regards,

BDP Support

[PeteB]

Here's the link if anyone's interested - looks like they will pick you up if you it though!
http://www.dawjee.com/content/single-mo ... ng-anomoly

[GaryRussell]

I've had a reply from Betfair along similar lines. Don't abuse the privilege and you will be ok.