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Bookies closing accounts

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  • Registered Users Posts: 1,435 ✭✭✭Austria!


    Thanks for the reply. On what basis can you say who can tell us exactly why accounts will be closed?



    I've been looking round since I posted the question...



    http://www.soccerwidow.com/betting-advice/bookmakers/why-do-bookmakers-ban-their-customers-close-accounts-or-limit-stakes/5/



    Possible indicators for bookmakers that they are dealing with a professional punter:
    • Time of betting – Professional gamblers are organized. They calculate their portfolio in due time before the game and bets are likely to be placed at certain times, for example, on the evening before kick-off. The bookmaker is aware of your time zone.
    • Number of bets – Professional players diversify their risk and bet on a portfolio (placing many bets).
    • Bet size – Professional punters have a business plan. They do not experiment with their bank. For example, odd stake amounts such as £24.43 indicate an arbitrage or matched bettor.
    • Special offers / free bets – Professional players do not take every special offer or free bet. They will only take it if it fits into their business plan.
    • Specialization – Professionals are characterized by planned action, specialization and a systematic approach. Some professionals will exclusively bet on value. Others specialize on outsiders markets, etc.
    • Profitability – Professional gamblers take more money out of the bookmaker than they pay in during their life as a customer. This is of course not profitable for the bookmaker. But, how high the reporting threshold is probably varies from bookmaker to bookmaker.
    • User behavior – Professional punters do not hang around. For example, they are not interested in watching live matches, a few horse races or a tennis match between their bets. They find their way around the bookmaker’s site quickly. They log in, locate their bet(s), place the stakes, and then move on to the next bookmaker.


    Also mentioned are


    Banking charges. Depositing to an e-wallet costs the bookie less than depositing to a bank.



    Making bets at odds which later fall. It shows you're picking right. Pinnacle Sports says they can predict who'll make a profit from being ahead of the curve like this more accurately than by how much the client has won or lost since they joined.



    Also bets in smaller markets where you'll be a greater share of the market e.g. the 4 division of English football, attract more attention than the premiership or the world cup.



    It was suggested to make a few bets that will lose and balance it off on the exchanges or some other site.



    There's also a flash cookie which tells bookie if you're using other bookie sites. You can prevent that



    Go here

    http://www.macromedia.com/support/documentation/en/flashplayer/help/settings_manager07.html


    Go to the mpsnare or iesnare thing, change the amount of info it can store to 0kb and click never ask again.






    For anyone who has been limited/shut down, where did this happen, what kind of profit were you making and what stakes were you putting on?


  • Registered Users Posts: 621 ✭✭✭dave3004


    Austria! wrote: »
    Thanks for the reply. On what basis can you say who can tell us exactly why accounts will be closed?

    I work in bookmaking and have to do a lot of client profiling. Risk is obviously a huge part of the bookies work, as well as the setting up markets etc.


  • Registered Users Posts: 1,732 ✭✭✭poker--addict


    Stan James closed me after about 4 months, probably took max 2,000 euros off them. They accused me of "suspected arbing". Very annoying, why not just me tell the truth as the claim was crazy. I back big prices, which 99% of time will be bigger on exchanges so i have no clue how i could lay off elsewhere.

    Sporting bet, limited to around 2 euro on any horse over 10/1 and 10 euro on any horse lower. I never showed a profit on the account and was about 200 euros down once limit applied. If i recall correctly they told me straight out that my account was limited as a result of my value betting.

    VC bet removed by guaranteed odds privilege early on but do accept my bets. I suspect they will take further measures in time.

    It annoys me when people say the booki is regulated. I spoke with the regulator in relation to stan james and sporting bets actions, the "regulator" seem to jump to the defence of the bookmaker in my experience and further more the regulator just makes sure the bookmakers follow their own rules as opposed to any industry rules or standards. aka the bookmaker makes its own rules.

    My main frustration comes from the fact when advertising and opening accounts the bookmakers like to sell this idea "have a punt and make some money". In reality, in my experience is most people will be shut down if they show profitability. The standard response seems to be the bookmaker quickly claiming he is not in the gambling industry but the "entertainment" business.

    😎



  • Registered Users Posts: 1,386 ✭✭✭mayoman1973


    Just started dabbling in this Arbing mullarky and up 10% across 5 bookies on average. Down in 2 of them up in 3.
    Wrote a quick program that gives me the correct sums to bet ( in multiples of £5 ) so I don't place any obvious Arbing bets like £32.50 or £50.20.
    Also, I've only done accumulators.
    Lot of work I know but it's the buzz of knowing I'm going to win a small amount as opposed to I "might" win a lot but will most likely have my a$$ opened.
    Won't be making a living out of this but do you think the bookies will be on my tail if my % margin keeps up ( Thats if I don't get tired of it first )
    Is there any other tips to avoid detection?


  • Registered Users Posts: 1 keramsit


    If you are an arber, you will be catched by a bookie. It's just a question of time. You can use friens's ID's for new registrations or use clones who have the same line. Nowdays it is easy to find clones. Just google somewhat like "Information about bookmakers who have similar lines". For example: StanJames has 2 clones, 10bet has 15 clones etc...


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  • Registered Users Posts: 675 ✭✭✭beya2009


    This thread is very interesting. It seems like the majority of the time, customers that either get their accounts restricted or closed bet on horse races presumably because the odds are much better than other sports. I've always wondered how it works when lucky punters win big though? Like if you go to Paddy Powers Punting Hall of Fame, there really are some big winners there. Also a punter could win say €150, 000 off the lotto with the bookies. With wins like that I wonder if there is any short term or long term repercussions for the lucky customer with their bookie.


  • Registered Users Posts: 11 pbemff


    There are quite a lot of rogue bookies and casinos out there. So just make sure you do your research.
    An honest bookie will pay you out but not all of them are honest!


  • Registered Users Posts: 1,752 ✭✭✭wb


    Hi folks, interesting thread.

    I wrote a short blog about getting banned by bookmakers which some of you might find useful. Hope no-one minds me linking. Mods, feel free to delete if inappropriate.

    Wayne


  • Registered Users Posts: 231 ✭✭NickMondo


    I've had a few accounts closed......one because it was hacked. Interesting point on the SP. I always email and tweet bookies to try get markets and events priced up earlier because I think lots of money is going to come in on it and I want to get on ASAP, never thought that would come into play though. One of my accounts that I reckon is close to be closed, well maybe not it's been heavily restricted for a while bar major sporting events. But you can see some sports like boxing which they are extremely strict on, the limits on odds on shots is about 50e.


  • Closed Accounts Posts: 4,930 ✭✭✭duckysauce


    Anyone know what info a bookie can get when you use the data connection on your phone , not the wireless part ie hooking up to a wifi spot , but just using the data , can they see your location within Ireland ?


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