I just received this. after about 1000 bets at Bovada:
After careful investigation and deliberation, our Book Managers have made the decision to reduce your wagering limits; these adjustments may vary from market to market.
In addition, we’d also like to call your attention to a change in our Player Commitment, specifically as it pertains to the cancellation of wagers affected by a pre-match line error. Moving forward our Book Managers reserve the right to cancel any wagers, deemed to be placed with the sole purpose of taking advantage of an error.
We can assure you decisions of this nature are not made in haste and we appreciate your understanding.
Bovada Customer Service