XPressbet threatens Barry Meadow with account closure because of large show bets:
http://www.drf.com/news/time-show-be...t-they-deserve
Here's what Expressbet wrote to Meadow according to Crist's article:
“Dear Mr. Meadow, Recently your account has fallen under internal review for unusual wagering activity . . . . Because certain regulations require minimum payouts on winning bets, this requires the wagering host (in this case, XpressBet) to contribute additional funds to compensate for the ‘negative breakage’ created. Due to these actions, this letter is serving as a warning that if such irregular and improper wagering activity continues, your account will be subject to closure as allowed per the Terms and Conditions you agreed to when you opened your account . . . "
"improper wagering activity"??? As Crist points out, if Meadow were at the track, his bets would have been accepted without complaint. Where does Xpressbet get off sending a "warning" about "improper wagering activity"?!
I had a related experience with YouBet a couple of years ago. After a couple of very large show bets, they prohibited me from betting more than $500 to show. They accomplished it through the software. Never announced it to me, either. They just flipped some software switch that maxed my show bets at $500. I resented it, but never pursued it as Meadow is doing.
I hope Meadow gets some kind of satisfaction from XPressbet.
--Dunbar