I don’t have an issue with the system. It’s a high demand event, as anyone who tried to sign up will be well aware, and it is quite conceivable that people would try to buy loads of tickets to be sold on for a profit if it was possible to transfer entries. With a 50% refund you’re really not losing that much money, and there are extra admin costs involved in transfers, although admittedly probably not 50% worth.
I had a place for this years event but had to drop out due to mini-qtip being due just before the event. I think it’s fairer that my place goes to the next in line on the waiting list, rather than a mate/someone who either hadn’t entered or is further down the waiting list.
The multiple entries thing that they started this year also makes sense to me – you may well only want to enter if you’re going to be there with all your mates.
Finally, as others have pointed out, it’s all stated very clearly in the terms and conditions – don’t like it, don’t sign up.
Last year’s event was fantastic – well organised, a great atmosphere, and a fantastic race. I’ll be signing up again in the future.