I have been betting football for over a month now with you guys, and have noticed that at first my max limit was 5 bitcoins per bet, then a couple of weeks ago, it went to 2 bitcoins max per bet. Now, it seems that that max limit has been reduced to 1 bitcoin per bet. Could you please explain the reason for this? thx
They took huge losses.
Challenges:
The first item we'd like to address is our 2nd consecutive sportsbook loss. We've taken serious action to mitigate further losses in the sportsbook, including heavily limiting bet size on our must vulnerable sport thus far, College Football (totals, especially).
Further actions include, as mentioned 2 weeks ago, delaying the opening line and lowering limits on bets - especially until the day of the event. We received some messages suggesting our lines were not moving, and this is why we were getting "beat" - however, this is not the case, as our lines update with the market instantly. We believe we simply had released them much too early with limits that were too high, before the market had decided on a more fair line, exposing ourselves to unnecessary risk.
https://bitcointalk.org/index.php?topic=288518.200
