Interesting.

You say: "The bookmakers don't care - you've helping get turnover up, and they know increasing turnover through the market is the best way to get balanced liabilities."

And then: "1. Bookmakers will eventually end up closing their accounts, because winners are never welcome long-term."

Is there any rational behind bookmakers not welcoming long-term winners?

It seems like a bookie is very similar to a market maker on the stock exchange. Why would a market maker care if an investor makes money as long as he can flatten his positions every hour or so and make profit with the spread.

Isn't it accurate to say that bettors are competing against each other and the bookie is just taking a fee for making the market?