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 irony is that Bet 365 is the main ad playing on your video lmao

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If the company makes a certain amount of profit it shouldn't be allowed to restrict anyones account. IT REALLY SHOULD BE THAT SIMPLE.

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The government need to step in and stop being on the side of the sketchy companies.

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A case should be filed against these companies

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Clearly over £500M per year for the CEO is NOT ENOUGH. She needs MORE MONEY!

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If these companies were honest, they'd have a big banner saying "Losers and/or fools only".

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Funny how they would never ban someone who LOST too much lol.. real good company right

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Good man Caan for exposing these cartel outfits

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Going back to a recent video Caan, would using a broker help prevent getting gubbed/restricted? Could this strategy work with a broker?

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Just be glad they actually let you bet in the first place. They didn't even let me open an account! And it was only like the 4th bookmaker that I tried to do a sign up offer with as a complete newbie to matched betting!

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Bookies cherry picking losing betters to stay with them and booting out someone who has a bit of success. I think it's weak and lame of them, considering Bet365's CEO makes 1.2 mill a day. IT'S A GAMBLING BUSINESS. PART OF THEIR RISK IS THAT NOT EVERY PERSON BETTING IS GONNA LOSE. Time the courts fucked them off. If they don't like paying out, then they should take on a different business with no/low risk.

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Unlike me, I don't like to be restricted, but bookmakers have the privilege of dealing with whoever they want, so it's often better to find one who will take you on.

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It’s not right that they should be allowed to stop someone from winning, they did the same to me I only made a 1500 in total in one night, but the next day my account was knackered, they should be boycotted

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I can't stand hearing about players being banned, I thought about entering sports betting and betting large amounts for years but stories of people getting banned and thoughts about taxes pushed me away.

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Ironically Bet365 was the advert for this video

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Sadly bookies got much sharper over the years. Think took 2 days on my account and about 2 hours last year on my gf account. Can be still profitable if laying at exchanges as could be tricky if they catch up quickly and restrict you before the variance plays out if straight betting

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YES,THEY WAS CLOSE MY ACCOUNT WHEN I WAS START MAKE A MONEY. I WAS PLAY SINGLE BASKETBALL MATCHES AND WON MANY TIMES. BE CAREFUL.

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I was limited on bet365 after netting  $1,064 .. received an ominous email.. it's the 4th or 5th book at this point.

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1. Why did you decide to share your results from 2016 only in 2023?

2. Can you explain why you chose to use data that is seven years old in your video?

3. Do you have any current results that you could share to show that your betting strategy is still effective?

4. How has your betting strategy evolved since 2016? Are these changes the reason why you decided to share older results?

5. Some people might argue that using older results is just a "clickbait" strategy to attract viewers. How would you respond to such claims?

6. Can you explain why you chose to use results from 2016 when discussing your experience with Bet365, instead of using more recent information?

7. Do you believe that your results from 2016 are still relevant to today's betting market?

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Were you still able to withdraw money?

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The sky bet banned me cuz my account reached 200k transactions (winning + losing) . This is hilarious

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My mate won 10k they took ages and wanted an unbelievable amount of details then once they finally paid him they blocked his account.

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Great videos, I have a question please, how do you manage to stay on this full time whilst not being limited and banned to the point where you can't operate? Do you have a video that explains that or would that be too sensitive to share?

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Thats an arbitrage situation, thats why your account gets restricted. Basically you take advantage of the fact that sometimes the bookies traders are slow in updating the odds. Do that few times and your account is gone. Same reason why arbitrage traders and matched bettors get their account closed. You need to understand how bookies actually make their money

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Of course, the government allows the bookies to do this. Because if they didn’t and bookies lost money, they wouldn’t collect taxes.

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Hi Caan, I know you have made videos about placing bets on multiples on sportsbooks and how punters get robbed for value betting this way. I was wondering though if you would have any insight into the way sportsbooks (namely Betfair) price their cash outs on multiples before the first leg has taken place. If one leg is in a multiple at even money and moves to 10/11 the profit on the bet will only be 1 - 1.50, if the price moves to 11/10 however, the cash out will be minus 15 at least (assuming a 50 bet). Is this another dirty tactic to try to scare the punter into cashing out for a significant loss thinking the bet has much less of a chance as before the price changed? Thanks.

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I agree this works but I have done this with horse ARBS and have been banned very very quickly after just a couple of bets… how did you make it last to 6000+ profit is my question and how did u not get banned sooner!?

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I've watched a few videos of yours in the past hour and been fed betting ads. But if I was to start winning they'd ban me immediately.

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It’s sad but also kind of nice to reminisce about the days this was possible. I’m banned from about 30 websites nowadays. To the point I’m scared to even set up alt accounts in case they find out it’s me and keep my winnings.

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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.