your account BUT couldn't touch them?
Hey.. It's Lukas here. CEO of Marginless.
Exactly one year ago I won 1534 € on BET365 and they LIMITED my account… Again.
I was getting that EVERYDAY!
You see, by then I’ve been working in betting industry for nearly 10 years for betting companies and as an advisor for bettors.
Saying that, I am fairly knowledgeable about the industry (here is an article that I wrote about it)
where I had my ups and downs…
But at that moment, when I won these 1534€, I started to think about the whole industry itself.
I mean, the odds were HIGHLY favourable to bookies every time and fees were going through the roof. So every time I placed a bet, William Hill, Bet365 and other big companies were cheering.
That means that it didn’t matter if I lost or won my bet - I was still loosing a lot of hardly earned cash due to their margins.
Every. F…king. Time.
I don’t have a PhD in Maths but years of betting experience showed me that every extra % of margin determines whether you’re profitable or not. And this unfairness currently belongs to bookmakers. Does it sound fair?
Not for me (and that's my solution).
Secondly. Whenever I won I kept getting in to legal issues. They kept suspending my accounts, ask me for my documents.
And I still couldn’t touch my MONEY! It hurt…
Imagine, you bet, lose, bet again, lose more and then you win… And you can’t touch your money.
It seemed that the industry had a massive cancer.
And here comes Blockchain…
A few years ago I started investing into cryptocurrencies and took a deep interest in blockchain technology.