While online betting can be incredibly profitable for punters, what do bookies do with customers who win too much? There have been several instances in the past where successful punters amid a winning streak have either had their accounts restricted. This meaning that they could not make bets beyond a certain amount, or they were banned altogether. Is this true, and if so, why would a bookie do such a thing? Is it even legal? Read on to find out.
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Can You Get Banned By Bookies?
If you find yourself riding the high of a winning betting streak, don’t get carried away too much, because bookies have previously been known to ban those customers who win too many bets. Can they legally do this? Well, technically, they can ban you for any reason they like. They can refuse to serve you if they feel like they should, regardless of how much you win or lose. This happens all the time in casinos too. Customers get kicked out all the time if they win too much. This is why everyone assumes that counting cards are illegal. While it is entirely alright to do that in the eyes of the law, you can be thrown out of a casino if they suspect that you’re employing such strategies.
Since they pretty much run everything, they know just how much each of their punters bet, and exactly how much each of them wins. While they always receive a commission regardless of the outcome of a match and what the result your bet was because of the vig or the cut they make. However, a lost bet on your part would be a lot more lucrative to them as opposed to a successful one. This is especially the case if you aren’t a regular customer who employs strategies to increase their chances of winning. To skip paying out too much to winning customers, some bookies would slowly restrict how much money they can stake, and then one beautiful day, ban altogether. While this may not be ethical, it is entirely legal.
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This is unfortunate, but you can find ways around this, and here’s how.
1. Stay loyal
Bookies tend to appreciate loyal customers. This is as long as they don’t win every single bet they make. If you’re more erratic, visit once in a while, and stake large amounts of money, it is more likely that the bookies will keep a watchful eye on you. If they suspect that you are using strategies such as arbitrage betting or matched betting, you could potentially find yourself getting banned. Try to keep a low profile. Keep going back, and try not to stake too much when you make a bet.
2. Make multiple accounts
If a bookie bans you, don’t fret. There are so many other bookies you can sign up for. Having multiple sportsbook accounts is beneficial for various reasons. You could compare odds and find value betting situations, you could also employ strategies such as arbitrage betting and matched betting. But make sure you don’t overdo it as the bookmaker can monitor all your moves at any given point.
3. Be flexible
Specializing in one particular tournament would be extremely helpful when it comes to winning bets. When it comes to keeping your account, you are a lot more likely to be barred from ever betting with the website in question ever again. Be flexible, bet on multiple matches from several tournaments, and let luck take the reins.
Can Bookies Ban You For Winning Too Many Bets?
Is there a site with betting odds from all sports betting sites?
Betting aggregators are sports betting sites that list betting odds from all other sports providers and services. Betting aggregators link punters to multiple odds provided by different betting providers for the same wager. It enables a punter to select the most profitable odds when given a chance. Punters also have the advantage of scanning for value betting situations utilizing aggregator websites. Value betting enables punters to compare different odds by different providers and make a profit from those differences. Finally, bookmakers take into consideration the actual likelihood of the results in a game. If one outcome is more likely to occur, then the punters have lower odds of winning such an outcome.
How do bookmakers decide on the odds they offer?
Bookmakers have multiple ways to determine what odds to offer for particular betting outcomes. The first thing to consider is the number of wagers a bookmaker receives for a specific product. If too many punters make a wager on one particular option, the bookmaker changes the odds to incentivize punters to make wagers on the other options. Bookmakers also calculate the maximum level of risk they’re willing to undertake and make sure they’re not overexposed on multiple bets. Other expenses such as overheads and salaries may also factor into the pricing of odds of a wager.
How to identify which bookies offer the best odds in your favor?
Different bookies offer marginally other odds for the same wager. These differences in odds present a value betting situation to a punter where a punter can select the most profitable odds for each bet. For example, one bookie may offer 1-2 odds on a game between Chelsea and Everton. Another bookie may offer 1.1-2.5 odds on the same game, which is more profitable for a punter. Variable odds change before and during a match and may present an opportunity for a punter to secure better odds for a particular wager or strategy.
Is there a way to consistently win at sports betting?
Over the years, punters have adopted various betting strategies complimentary to their betting systems to achieve profitable wagers across multiple betting situations. These systems and processes help punters make more consistent wagers which can help them also win consistently at sports betting. Several punters adopt sports betting as a career and make consistent profits from stakes. To win consistently, punters need to specialize in specific sports betting events, particular sports betting markets, use past results to predict possible future outcomes, analyze data, etc.
Why do the odds change between online game betting sites?
Online betting sites price wagers based on several betting factors. External factors (wagers placed, the popularity of the sporting event, etc.) and internal factors (risk-level, overhead costs, margins, etc.) determine the odds a betting site chooses to set. More efficient and profitable sites can price wagers with better odds and incentivize punters to make wagers with that particular service. The odds can change as the number of bets changes or variables that impact the game, such as subs, star players, etc. The wager cost is one of the main reasons punters choose to make wagers online versus in-person.
How does online no-risk matched betting work?
As the name implies, a no-risk wager is a wager in which a punter has the limited liability of losses. A punter doesn’t lose on such a wager because they make a wager and simultaneously lay a chance. A punter’s profit or loss is the difference in odds at which the punter makes a wager. A punter can utilize a no-risk matched bet to cancel a chance created by mistake or to hedge against a bad gamble.