Video Summary
In Australia, sports betting is deeply ingrained in the nation's culture, and many Australian punters believe they are getting a fair go. However, a former employee of one of the world's largest gambling companies, bet365, has spoken out about the company's alleged practices that target winning punters and exploit those who lose. The ex-employee, James Poppleton, claims that bet365 has a set of secret tactics to make it harder for punters to win, including a policy to deal with “problem customers” who are consistently winning. He also alleges that the company uses a delay system to slow down punter's bets, which can give the bookmaker an unfair advantage.
According to Poppleton, the company's algorithm can also be used to restrict successful punters from placing large bets, making it difficult for them to win. He believes that this system is designed to limit big wins and keep punters' profits low. The former employee also claims that he witnessed a four-second delay in bet acceptance in fast-moving sports, which could give the bookmaker an unfair advantage.
Poppleton's allegations have sparked concerns about the fairness of the sports betting industry, and the Australian sports betting regulator has taken notice. The ABC is launching a larger investigation into the issue, and is calling for tips and stories from those who have worked in the industry or have been affected by the practices of bookmakers like bet365.
Australians lose more money gambling than any other country in the world, but what if you found out the odds were stacked …
Australians lose more money gambling than any other country in the world, but what if you found out the odds were stacked …