Why do Bookies limit people?
Just been thinking about this, why do bookies limit people?
If they have their odds right then they must surely want people to bet. I remember from my poker days you get phrases like "Don't worry if they draw out on you, you had +EV and will win over time" - and so it should be with the Bookies shouldn't it?
I can understand a limit if they get over exposed on a selection but why limit a player?
The more advanced bookies don't limit anyone, they just limit the max bet on any particular market and have very good software that balances their books. Take Pinnacle for instance, you can even make multiple max bets there! And their limits are often in the thousands. You just have to wait something like 10 seconds before max betting again. They even TELL YOU THAT in their T&C. And if they change the odds right after you bet, you can max bet again immediately.
Originally Posted by Dazzler
The asian books, like 12bet, 188bet, Mansion88, SBObet are the same. They have excellent software that balances their books and changes odds immediately after taking a large bet.
The UK/Euro books are basically just lazy. They let their odds get out of line and get punished for it by wise bettors. But because their lines are out of odds, the bets placed on them are actually less profitable in the long run than the rest of their odds. So they don't want customers that only value bet, since they are less profitable to the bookies in the long run.
Because they also get their odds wrong. If a bookie is offering several hundred markets at a time (1x2, correct scores etc) then some of them will be out of line from time to time.
Originally Posted by Dazzler
If you ONLY place bets on these markets then they are going to lose money as time goes on.
If they spot that you are only placing bets on these markets (or just betting on obscure Greek 2nd division correct score markets) then they will realise what you're up to and limit/ban you.
They make their money by offering odds that pay out less than the probability of the bet winning. If you're only choosing the odds where they've cocked up amd they're offering out pay out more than the probability of of an event happening they they don't like it.
Altenatively you've signed up to Boylesports and they've limited you because you bet on a premier league game 1x2 market at odds of 1.2 which lost because their 'risk limitation software' deams you a high risk.
Cheers guys. I'll keep my betting sensible on the bet baskets then.
Which Books linit the bet quickly
Betsafe ( cancel my bet after hitting their best line)
Sportingbet (Limit to 10GbP on Horse)
Boylesport (limit to 10 GBP on horse)
bet365 (semi fast)
VCbet (semi fast)
Of those I am only limited at Sportingbet but that may say more about my arbing skills than how quickly they limit.
I am also limited at PaddyPower at the moment but I think that was for taking too much interest in the "Specials" markets.
Have a plan and stick to it
Merged threads, see posts above on this topic.
Originally Posted by david395
I would be faster telling bookies I am not limited...
I got limited also on Unibet, Expekt (won around 10k there before being limited), Betsson (better than others, can still bet around 80 EUR there), BetUS (this is funny, when I hit a bet they simply drop odds and offer me lower odds, so I move lines without even betting, pretty funny I don't know if it happens to others too, obviously on EURO sports this happens), and many other I don't remember..oh yeah VictorChandler too, they simply banned me and sent me a mail stating they didn't want my business anymore..
P.S. I don't make arbings..
I can't say the trading department have restricted any bets that you have tried to place, as I am not privileged to that information. All I can tell tell you is that as per the terms and conditions 'we reserve the right to refuse the whole or part of any bet offered'
I apologise for any inconvenience caused in relation to this
Some potential to make money there....!
Originally Posted by FloppyBoy
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