Betting websites that aren't corrupt?

[Bucking Bronco]

Are there any betting websites that aren't actually corrupt and don't actually put a limit on your bet after you get your first 3 bets right?

I hear stories of people making $100,000+ a year from betting online, but my only experience has been dodgy sites that put $300 limits on your bets after your first 3 have turned out to be winners. What website are these people using where they have the ability to bet big without getting a limit put on, or get taxed 40% of their earnings?

 

[terminators]

Are there any betting websites that aren't actually corrupt and don't actually put a limit on your bet after you get your first 3 bets right?

I hear stories of people making $100,000+ a year from betting online, but my only experience has been dodgy sites that put $300 limits on your bets after your first 3 have turned out to be winners. What website are these people using where they have the ability to bet big without getting a limit put on, or get taxed 40% of their earnings?

Limiting by corporates is not corrupt, it's a simple business model. They have a set of "winning" customers who are not commercially viable to take bets from, and choose to limit their losses from these clients. Whether it's morally or socially acceptable to only accept bets from people who will lose long term is another question altogether.

Separate but related, bookies won't limit a client just because their first 3 decent size bets win, there's a heap of variables which flag them to a potential long term winner. Consistently taking top odds, beating the betfair lay line, betting inconsistent patterns or big amounts into small markets. Plenty of punters have been limited whilst actually being losers on corporate sites.


In answer to the second part of your question, Pinnacle and Betfair.

 

[Jugada]

Why are you getting taxed 40% of your winnings?

What sports do you bet on?

There are books out there like WillHill, Bet365, Luxbet who limit pretty fast but as has already been said its more your betting pattern than bottom line winnings

 

[HeathySure]

Why are you getting taxed 40% of your winnings?

What sports do you bet on?

There are books out there like WillHill, Bet365, Luxbet who limit pretty fast but as has already been said its more your betting pattern than bottom line winnings

Any multi bet that has more than 3 legs gets taxed at that rate or way higher the bigger the multi

 

[iluvparis]

Any multi bet that has more than 3 legs gets taxed at that rate or way higher the bigger the multi

I'd hardly call that a tax.

 

[Jugada]

Any multi bet that has more than 3 legs gets taxed at that rate or way higher the bigger the multi

What?

 

[HeathySure]

What?

if the bookie give back 85% of their earnings on each event (so betting at a percentage of 115%) then the give back percentage on a two leg multi is .85x.85 = 72.25%. It increases every time another leg is added. Its one of the greatest scams the bookies pull because people dont understand percentages and odds. But i can understand why people take them because of the thrill of a big collect. and ok its not a tax per say, its the take out a bookie takes

 

[Lensen]

topsport

 

[iluvparis]

if the bookie give back 85% of their earnings on each event (so betting at a percentage of 115%) then the give back percentage on a two leg multi is .85x.85 = 72.25%. It increases every time another leg is added. Its one of the greatest scams the bookies pull because people dont understand percentages and odds. But i can understand why people take them because of the thrill of a big collect. and ok its not a tax per say, its the take out a bookie takes

If you put on one leg, collect and put it all on the second leg is the tax less?

 

[HeathySure]

If you put on one leg, collect and put it all on the second leg is the tax less?

thats not really a multi, its betting on the fly.
i can guarantee if you keep doing it you will go broke every time

 

[FallingLiefs]

thats not really a multi, its betting on the fly.
i can guarantee if you keep doing it you will go broke every time

Unless your lines are correct and theirs are wrong. They will always balance books, not probabilities.

 

[Jugada]

thats not really a multi, its betting on the fly.
i can guarantee if you keep doing it you will go broke every time

Its exactly the same formula as a multi. Im on my phone so cant go through it properly now but multi bets wont effect the perceived value of each leg, its a staking issue

 

[HeathySure]

Its exactly the same formula as a multi. Im on my phone so cant go through it properly now but multi bets wont effect the perceived value of each leg, its a staking issue

what if the first bet loses?

 

[HeathySure]

Unless your lines are correct and theirs are wrong. They will always balance books, not probabilities.

thats the challenge of betting. You can back all the winners in the world but if you don't bet correctly you will lose. We are all trying to beat the odds to make a profit but multi betting is way harder than straight out betting.

 

[iluvparis]

what if the first bet loses?

What if the multi loses?

 

[Jugada]

what if the first bet loses?

Then you have $0. The same as if you took the multi

 

[HeathySure]

Then you have $0. The same as if you took the multi

so tell me what your point is? Are you saying that if you take a 4 or 5 leg multi you aren't paying a huge percentage to the bookie? If you bet on the fly you are controlling your own bets. If you put on a multi you have no control unless you get the opt out option and even then you have to get the winners in the first few legs of your multi. Feel free to take them, i am not stopping anyone and i hope you win millions.. but the odds of doing so are way lower than having control of each bet individually

 

[Lensen]

Just to be clear

Is it your position that a multi of five line bets of $1.90 each has a different bookie margin than if you placed each bet individually and rolled the winnings and stake over each time

 

[terminators]

so tell me what your point is? Are you saying that if you take a 4 or 5 leg multi you aren't paying a huge percentage to the bookie? If you bet on the fly you are controlling your own bets. If you put on a multi you have no control unless you get the opt out option and even then you have to get the winners in the first few legs of your multi. Feel free to take them, i am not stopping anyone and i hope you win millions.. but the odds of doing so are way lower than having control of each bet individually

I believe his point is that the margin is the same with a multi vs individual bets placed on the same legs of the multi. Which of course it is, unless the line moves.

The advantage of individual bets vs multi is the capacity to find best price for each leg with different books. 365 may have 1-90 for each of the 4 legs but if placed individually you might pick up $1-98, 1-96 etc for the other legs with other agencies.

 

[Jugada]

Dont think that was the point being argued.

The advantage of singles over multis is not having a rancid staking plan. I dont like 5 leg multis but it has nothing to do with losing individual value in each leg

 

[Zealbee]

Back to the main point, Sportsbet suck.

 

[PuntingFanatic]

Multis suck

 

[balmainforever]

lets keep this on topic (unfortunately)

 

[Bucking Bronco]

Are there any websites where you can place like $30,000 bets on a single footy match? I see that on Betfair, for example, you only have the option of betting collectively $283 on North with odds between $2.24-$2.28. I don't plan on betting on this game but what if I wanted to bet much more? All the round 1 matches have similarly low amounts of money attached to them.

 

[terminators]

Are there any websites where you can place like $30,000 bets on a single footy match? I see that on Betfair, for example, you only have the option of betting collectively $283 on North with odds between $2.24-$2.28. I don't plan on betting on this game but what if I wanted to bet much more? All the round 1 matches have similarly low amounts of money attached to them.

BF is an exchange where you are essentially betting directly against other punters so the amount you can get on depends what odds you will accept. If you are willing to back North at say $1-90 you'll easily get your 30K bet accepted on BF.

As for corporates, the shorter the price the more you can get on, it's all about the loss to the book. Other than Pinnacle, 365 seem to have to highest limits (until u start winning). You can also check your max bet with them before punting. H2H and line markets higher limits than exotics. You might get 10K on a H2H AFL game on a 1-20 shot H2H but 5K max on a 1-50 shot. Max limits get higher as the game gets closer.