I've just received the following email from them.
"Important information about your account
We are writing to you with reference to your Sky Bet account, User ID xxxxxx
Following a recent review by our trading team we have decided that your account requires tighter liability management. Your account remains active but the following restrictions will be applied:
You are still able to place bets but a limit on your permitted stakes has been applied. Further details are provided in the bullet points below.
You will no longer be eligible for any free bets offered as part of any promotion from Sky Bet.
You will no longer be eligible for our 'Best Odds Guaranteed' promotions. Bets that would have qualified for 'Best Odds Guaranteed' will now be settled at the price option taken upon placement.
Please note, the limit on your permitted stakes is active immediately. Your eligibility to free bets and 'Best Odds Guaranteed' will be revoked on Monday 27th March.
Individual accounts are set with varying restriction levels;
As an example, you will still be able to place a bet that would allow you to win a minimum of £200 on a Premier League Football Match Result on the day of the game and £100 on any UK Horse Racing Win Market in the Racecourse Show (approx. 15 minutes before the race is off).
Please be aware that maximum stakes differ depending upon proximity to an event and across different sports and markets.
You will be able to see your personal limits when placing a bet. Place your selection in your bet slip, enter your desired stake, and if it is over the permitted amount a message will appear showing your staking limit. This will only work if you are logged in.
You will still qualify for the £500 minimum bet to win guarantee that is available from 10am on the morning of Class 1 & Class 2 races in Ireland and the UK. The full terms and conditions for the guarantee can be found here."
I've just logged in to check out the limits and indeed I am restricted, I tried to put £25 on Corach Rambler for the National at 7/1, no can't be done, I can have £14.29 and that's my lot, I tried to put £15 on a 10/1 shot, no, I can have a tenner, that's it. I'm allowed to win £100 on any horse racing bet and no more.
I am completely bemused, these limits might make some sense if I ever bet up to them or over them, but I don't, nowhere near, the BOGs don't matter to me, I use SkyBet mainly for the big handicaps when they pay enhanced place terms, and when they do the BOGs don't apply to those races, and I can't remember the last free bet I got off them, so no idea why they are refusing me what I don't get off them anyway.
I've also just checked my account to see if there's anything I've done to frighten the horses over at SkyBet HQ, I currently have £10 less in my account than I had 12 months ago, so I'm not even winning money off them. Absolutely bizarre, and as none of the restrictions they've placed on my account will make the slightest bit of difference to my betting with them, I'll just carry on as before, business as usual.