1) The way I read your last post, gbets84, is that betpoints and real money wagering aren't necessarily reviewed by the same 'people' at BM. So just making a ton of betpoints could be allowed - UNLESS I hit -120 wagers at a 60% clip for a full season and/or just get stable 5-6% ROI on huge volume, day in and day out. And it's unlikely just huge volume (and large quantities of Betpoints I redeem) will trigger 'the review'. BM probably doesn't care enough.
But there are additional factors, like maybe betting a stale line or two, or initiating a withdrawal - that could make risk managers review you, and limit you much faster.
For now, I'll just consider betpoints a nice 'loyalty perk'. Same thing as a loyalty card in many other businesses: I go and buy groceries at a local store, they give me a plastic card and I accumulate 1% kickback that I can use, once I have at least $10 on this card (once I have spent $1000 on groceries in that store).
2) I lost most of the profits I've built up on baseball, live betting tennis... so I have to have another killer month to worry about this. For now, I got my answer - and I've redeemed a bunch of 5000 bp 'coupons' for $25 each and used them.
Shit, this is a hard thing to succeed at.