They'll probably just apply a filter to previously limited customers whereby they knock back the bet and drop the odds.

I'd say that is precisely what they will do.
Any winning client can have as much as they want on at half the odds others offer.
A new and improved business model :(
This is exactly why some of Australia's largest punters employ runners on track to place the bets and rotate them regularly.

Ladbrokes taking action:

Hi Patrick,

Re: Your Account - Ladbrokes.com.au
Unfortunately we wish to advise that as part of an account review, all accounts held under the Ladbrokes Digital Group have been closed due to commercial reasons.

We appreciate your understanding in this matter.

Pat are you aware of the withdrawal fees and turnover limitations of Pinnacle?
I.E. rollover of deposit before ANOTHER charge is imposed as well as the withdrawal fee?

From Pinnaclebet:


"Withdrawals
Withdrawals can be made by direct bank transfer. There is no charge on withdrawals. Requests are processed every Tuesday and Friday if all identification requirements have en fulfilled and the request is made before 2.00pm AEDT on a standard business day. (Note: Some banks and credit societies may take over 48 hours to clear the funds to your account)."

Please note that any deposit made to an account which is not rolled over (risked) five times will incur a 3% processing fee and any applicable withdrawal fee.

This includes depositing and losing and then redepositing and losing and then depositing and having a win. Under those circumstances, client would have to turnover a massive amount or incur an additional 3% fee on the total amount of the deposits.

There is more information about this very situation on the SBR forum.

I don't withdraw much so shouldn't bother me.

Winners & Losers


Meetings will be held this week to eliminate flea bookmaking on fixed odds to enhance Racing NSW's efforts to get punters a better deal.
Negotiations regarding a minimum-to-lose amount of $3000 on the metropolitan races, $1500 on provincials and $1000 on country races is a starting point.
Because the bets are recorded, complaints can be investigated and the appropriate action taken.
Of course, on the old scale, certainly with city racing, they are paltry amounts but the bad habits introduced to Australian betting by the corporates sour many on horse playing.
Advertisement
"There have been frequent and persistent complaints by punters about wagering operators refusing to take their bets, particularly in circumstances where those punters have been successful," Racing NSW chief executive Peter V'landys justifiably pontificated.

Thus V’Landys intends to apply Race Fields Information Use approvals so “wagering operators are required to stand to lose a minimum amount on any single fixed odds wager on NSW thoroughbred races”.

Punters and bookmakers at the meeting will be consulted on the best way to get a fair go; the move received a mixed reception from the Racenet forum.

“Positive step and sounds good on face value. Two points before we start getting too excited,” the Protagonist stressed. ”It means nothing if they continue to close accounts, and let's see how it affects the odds on offer ...

“It’s probably not possible but a Betfair exchange wholly owned by all Australian race clubs (with minimal take-outs) could kill off all these international corporates that have to pay a levy.”
Back in the early days of Betfair, before the invaders got a toehold on the market, former trainer Geoff Chapman made the same suggestion. Consider how much richer racing would now be if it had been adopted.


Read more: http://www.smh.com.au/sport/horsera...l#ixzz34ieh8Q7y

I have pushed the idea of a local exchange a few times, but fear it is way to progressive for the racing industry who are basically still stuck in some time warp circa 1950's.

My only hope is that Packer & Co have the vision to negotiate heavily with various racing bodies to have their racing field fees applied fairly & correctly to the BF model which will enable the exchange to thrive & substantially benefit the industry as a whole in doing so with the added benefit of the para site hanger on corps suffering as a result.