Hello,
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All won by value betting activities which is restricted in any gambling platform and is subject for confiscation; Please have in mind that we did not cut balance but cancel the bet slips which were won by these actions;
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12.2.1 Within one month we reserve the right to cancel bets slips if the user has been spotted doing permanent value betting activities;
*** A value bet is simply a bet where the likelihood of a given outcome is higher than what the odds offered reflect. This means that the expected return is statistically positive. Value betting, therefore, means betting only when your chances of winning are higher than the bookmaker estimated.
Wintomato – Risk Management Department
This is the communication mail with him on 17th of September 2022, during this time we already warned him about our suspicions and but did not take radical actions, however possible consequences were clearly stated and T&C were referred;
I'm not familiar at all with gambling and their terms, so I have to rely on the internet to look for the definition of the terms
wintomato accused OP did here that put him on this position, but unless the definition I read are wrong --all five of them, actually, so the odd is nearly nonexistent-- there are inconsistencies on your counter-accusations against OP.
As per your reply on this thread, quoted above, you ban OP because they violate your TnC of value betting, which you neatly also explained on the lower part of the post. While the screenshot of email on 17 September, and whatever emails that you're yet to show us to backup the "multiple times" claim, is a warning is about the arbitrage betting.
These two, according to five different sites I read, are a different thing. On arbit betting, you bet on several outcome simultaneously, while value betting is simply --which can also be summed from your own post-- is the act of placing
one bet where you're kinda sure --still a gamble, though-- that the outcome would be against the odds that the bookie placed. A nice comparison is
here:
Arbitrage Betting And Value Betting Comparison
- You should be quick when you find the opportunity to place an arbitrage bet. Remember that bookies adjust their odds constantly, so you can lose the chance to secure profits if you do not move fast. Whereas, if you have a value bet, you will only bet once. So, this reduces the risk of mistakes.
- To place arbitrage bets, a minimum of two or three accounts at different bookmakers is required. In value bets, it is enough that you are registered in one bookie.
- The bankroll you need to make value bets is less than that required to make arbitrage bets. The reason is that you will not need multiple bookmakers. You won't have to place several bets at each opportunity, neither.
So, if you ban OP, stating that the reason is because you've warned them several times about arbit betting which they kept ignoring and forced you to lock their account, it can be summarized that either (1) you're as clueless as me about betting terms because the two counter-accusation you gave are two different things and yet somehow you understand them as one similar thing which leads you to ban them and ultimately leads us all to this position, and how on earth does a professional betting provider didn't know that they're different thing? Or... (2) you ban every user the instance they tried a betting method, no first warning or whatev. Bear in mind --in case you missed my point-- that the two is a different thing, so your email on 17th September --arbit betting-- is completely unrelated to the explanation of the "cheating" the OP did as per your explanation on 25th of November --value betting. And please note that from the way I understand them, these methods are actually quite legal as they're counted as "strategies".
Of course, the two possible summary above is under the assumption that OP is indeed utilize one of the two methods, you should explain how does OP arbit betting if they loses
a lot of times. Or, if they're value betting, why does the invalid ones --thus revoked-- are only the winning terms while the other bets aren't. I think, the first thing you should do right now is make up your mind whether you ban OP for value betting or arbit betting... it'll be nice if we can have a side dish of explanation about how you mixed up both terms too.