Betting restrictions and limits for constant winners?

[BallerO]

So i recently got told by someone that online betting sites are likely to limit someones account and in some cases close it without payout if they are consistently winning?

Is this true? Has it happened to anyone? If so, is it for people betting in the thousands?

 

[iluvparis]

Yes - Yes - No

 

[year of the cat]

Love to have this problem

 

[Rooster Cogburn]

No to the close without payout part. Never happened. Unless you count Sports Alive

 

[Saggynuts]

Mine all got closed over carnival and TAB Acc, by the wife.

 

[iluvparis]

No to the close without payout part. Never happened. Unless you count Sports Alive

Yeah - sorry about that - never seen a close without payout - thought you just meant being restricted.

 

[BallerO]

Is it more to do with the winning/loosing ratio or the amount you win?

 

[Donkson]

they aren't going to limit you if you go 10-0 and win $5

 

[checkraiseulite]

They're also not going to limit you if you're clearly just a fish on a heater either.

They'll know by the patterns of your bets whether you're a fish that just happens to be winning or someone they don't want to bet with.

What markets are you crushing?

 

[BallerO]

They're also not going to limit you if you're clearly just a fish on a heater either.

They'll know by the patterns of your bets whether you're a fish that just happens to be winning or someone they don't want to bet with.

What markets are you crushing?

If you mean what sports, mostly i plan to bet on the AFL and Tennis, which are the sports i watch the most.

I've tried soccer and NFL, but ended up at 0 because of them.

 

[BallerO]

they aren't going to limit you if you go 10-0 and win $5

http://www.news.com.au/national/win...e-sports-bookies/story-fndo4eg9-1226501529148

'Today, internet betting forums are awash with irate small punters whose accounts have been closed. It’s as though anyone with even the faintest propensity to be a successful punter has be weeded out and weeded out quickly.
“I’ve heard of people who bet 20, 30 bucks at a time who have had their accounts closed,” our insider says.'

 

[checkraiseulite]

If you mean what sports, mostly i plan to bet on the AFL and Tennis, which are the sports i watch the most.

I've tried soccer and NFL, but ended up at 0 because of them.

Use betfair (exchange so no possibly of getting limited) or pinnacle for tennis and you won't have to worry about anything.

AFL should be fine too.

 

[KardiniaPark]

Hasn't got any accounts, nek minnit he is worried about getting them closed.

 

[Donkson]

pretty pointless being worried about it anyway.

 

[nobulltiger]

Use betfair (exchange so no possibly of getting limited) or pinnacle for tennis and you won't have to worry about anything.

AFL should be fine too.

Not true, I placed a $30 stake at offered odds and my stake was more than halved, didn't even see if i would accept the less stake amount. That's a form of limiting i would say. Can't always get the amount down you want at betfair, it was a tennis match too.

 

[Lensen]

Not true, I placed a $30 stake at offered odds and my stake was more than halved, didn't even see if i would accept the less stake amount.

at pinny or betfair?

if pinny then it clearly states what the max bet at those odds are, you can also put through as many bets as you like they just might change the odds after each bet

if betfair then it's fairly clearly an exchange and reliant on someone else matching your bet, this isn't "limiting" this is you asking for odds greater than what the market will bear

 

[nobulltiger]

at pinny or betfair?

if pinny then it clearly states what the max bet at those odds are, you can also put through as many bets as you like they just might change the odds after each bet

if betfair then it's fairly clearly an exchange and reliant on someone else matching your bet, this isn't "limiting" this is you asking for odds greater than what the market will bear

it was betfair, and i didn't request higher odds, it was the instant match odds given. But really, if you put in your stake amount and it's reduced automatically by them, they should see if you want to accept at that stake amount first, maybe i'm too logical.

 

[Lensen]

If you are talking about the betfair exchange then I'm not sure you understand how it works. Betfair don't limit at all in the exchange

 

[nobulltiger]

If you are talking about the betfair exchange then I'm not sure you understand how it works. Betfair don't limit at all in the exchange

You're not seeing it logically. The odds given are matched straight away, they were the odds I was taking. My small $30 was reduced, in a logical way, i got limited. So to assume you're always going to get what bet amount down you want at betfair all the time is not true.

 

[Rooster Cogburn]

You're not seeing it logically. The odds given are matched straight away, they were the odds I was taking. My small $30 was reduced, in a logical way, i got limited. So to assume you're always going to get what bet amount down you want at betfair all the time is not true.

Logic isn't involved here.

Betfair is an exchange, which means that at the given odds, an amount is available to backed or layed.

If you choose to try and back for more than is available at the given odds, your bet will stay there until someone agrees to lay it at that price.

There's no limiting involved, whatsoever.

 

[KardiniaPark]

Isnt he referring to the part of Betfair that now has fixed odds on certain events? This is seperate from the exchange no?

 

[checkraiseulite]

Betfair isn't limiting you, they don't care whether you win or lose, they rake either way
The supply side of their market at the particular price you wanted was and you can see how much is available prior to placing your bets. The odds are dynamic.

They weren't scared of your picks. Solid logic though.

 

[Lensen]

Isnt he referring to the part of Betfair that now has fixed odds on certain events? This is seperate from the exchange no?

well, if he was, then the post he was quoting was (implicitly) referring to the exhange anyway

 

[KENT2008]

betfair do care if you win, and it's called the "premium charge"
once you have 20% constantly taken away from your profit on a weekly basis you feel worse

 

[checkraiseulite]

betfair do care if you win, and it's called the "premium charge"
once you have 20% constantly taken away from your profit on a weekly basis you feel worse

I'm on my phone so can't really do too much research but can you explain this charge?

I've had a betfair account for years, I don't put in much volume but my account is in a pretty deep profit and I've never been charged more than the standard commission.