OnlyFoolsGamble

Insane interaction with Betfair Exchange this weekend. Been on a bad run recently, down ~£12k over the last three months. I get an email saying my account has been severely restricted until I call them for an RG check. I get through to someone who asks whether I'm comfortable with the losses. I say yes. She asks me to explain what happened. I say bad variance, pointing out that the account is still up £7k this year, even after the recent losses. She asks whether I have a betting strategy. I say bet when I think the line is wrong. She tells me that unless I can explain my strategy better than that, she'll have to impose a £1,500 monthly deposit limit. I ask why I need to explain my strategy when I've been profitable this year and over the lifetime of the account. She says there's nothing she can do. Limits imposed. Betfair Exchange is basically the last place in the UK where people can still try and win. Now, seemingly, even that's becoming impossible. I'm in a WhatsApp group with around 10 serious/sharp bettors, and probably two can still bet freely on Betfair. Regulation feels broken