Why Do Bookmakers Restrict Winning Accounts?

Question

Why would a bookmaker like Bet365 restrict or ban a winning account?

Answer 1

Bookmakers like Bet365 may restrict or ban winning accounts to limit their exposure to players who are consistently making profitable bets. These players are often using strategies that exploit positive expected value opportunities, which can be detrimental to the bookmaker's bottom line. By limiting the bet size or banning these players, bookmakers attempt to protect their profits and reduce the variance that allows these strategies to be successful over the long term.

Comments

The owner of Bet365 paid herself £117 MILLION last year that’s 117,000 people losing an average of £1000 each, mugs.

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I’ve always wondered, why don’t professional betters just “lose” all of their profits on the bookies? Basically do a matched bet with an exchange, and basically try to lose on bookies but win the lay bet on the exchange. Surely it would be in the bookie’s interest to keep you better as technically you’ll be losing money over there? In my mind it’s a fool proof way to take all your winnings through the exchange and lose all your money to the bookies….am I missing something?

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It should be illegal to ban a customer from a casino or online gambling. How can you penalize someone for using his noodle.
That's like banning a customer for buying too much of your product. The difference with gambling is, that if you're a casino, you're part and partial in the business of giving money away to certain people, and getting some from others. You can't kick those out who win, then you're simply running a con- racket.

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They don’t ban you when you lose a ton but will ban when you start winning

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You're a square if Bet365 doesn't ban you.  Took me 2 days.