Do betting exchanges deal with wins fairly? Why do some bettors face a ban from the bookie? These are some questions that are quite likely to come across your mind when you suddenly get the message that your account is restricted or blocked. Actually, bookmakers are not charitable organizations and they have their own way of limiting their liability. In this post, we answer some questions that help you play smartly while betting and prolong the life of your betting account. Let’s explore!
Can you get banned for winning too many bets?
The answer is – it depends on certain conditions. Winning too many bets can be threatening to the bottom line of the bookmakers. They are here to make money and in large numbers. So, they like the customers who are regularly betting with them and not winning many bets. However, there are some feelers in place that help them detect foul play and lead them to banning an account for winning too many bets.
If your account is fully verified and documents submitted are genuine, you will not be asked any question on winning. Banning depends upon how you managed to win so many bets. Some conditions leading to a ban are:
- Practicing arbitrage betting too much: If you are a habitual arbitrage bettor and have opened multiple accounts with the same name and using the same device, you can easily get caught and banned.
- Betting on unusual markets: Choosing only less-known markets like Ice Hockey, Chinese Football or corners during the match, etc. brings the bettor to the bookies’ notice. They put a restriction to such accounts where frequent wins are made in such markets.
- Breaking rules and regulations: The bookies reserve the right to ban or restrict any account if they find discrepancy in the documents submitted or age declared.
Can you get banned for winning too much?
Bookies don’t encourage huge winners as such punters cost them their bottom line. So, to reduce liabilities, they put restrictions on accounts scoring huge wins. The bookies put restriction on the amount one can bet upon on any bet. For example, if you are frequently betting $200, your limit can be reduced to $50 per bet.
When any market is not settled properly, or an error has been found in odds or bet, the bookies can put hold on the payout and choose not to pay the winning to the punter.
Usually, the bookmakers like Bet365 don’t ban winners till the amount does not surpass $500,000. Still, it is advisable not to accrue earnings and withdraw small amounts at regular intervals.
A common observation is that if a customer wins too much, their account is put on hold or closed citing management review as a reason. Many bettors have reported this issue at certain discussion forums, which means that the problem of getting banned is real. So, one should be careful while betting and play smartly while dealing with online bookies.
Can you get banned from bet365 for winning too much?
When a punter is winning too much, Bet365 doesn’t ban the account provided all details provided are genuine and all rules and regulations are met. The bookie is known for making humongous payouts amounting to $100,000. However, it should not happen too often. In case you are winning too much, a restriction may be put on the amount you bet on the odds. If a punter is found to put large stakes on low odds too often, or caught arbing the bet, the site may ban him stating unfair means as a reason.
To reduce burden on the company, Bet365 restricts the account and sets the betting limit for the punter. Also, punters should check whether the sport or bet chosen is available for cash out or not. If they bet in such markets where cashout is not available, the punters will not be able to withdraw their earnings. Unverified account is another reason for which the winning amount can be put on hold. If a punter is found using the website from a country where the betting activity is illegal with the help of VPN, the site may block the user or close the account.
Can you get banned from Betfair for winning too much?
If all rules and regulations and points of verification are met, there is no reason why BetFair will ban you for winning too much. However, Betfair may put a restriction on stake sizes to sustain their business. No bookie will want to deal with huge cash outs as it simply means low profits for them. A bookie is a business and not a charity. Thus, the main motive of any bookie or betting exchange is to make money. However, to retain customer interest and to attain goodwill, the site announces jackpots and other treats to the preferred customers. So, if you want to win big, participate in such events instead of winning individual bets too many times.
Betfair may hold the winning if there is any discrepancy in records or may suspend the account altogether if the information provided is false or incorrect. So, to conclude, Betfair may not ban the punter only for winning too much but there may be other reasons related to conduct of the player or for following malpractices of any kind.
Betfair is known for faster payout processing but its customer base comprising winners is way smaller. Therefore, it is reportedly the biggest betting exchange in the world.
Conclusion
It is important to follow a bookie’s rules and regulations to be eligible for withdrawing winnings. Though no bookie bans a customer for winning too much, the presence of scamsters cannot be denied. So, one can stay safe while betting by referring to blacklisted sites available at footballtipster.net. Punters can visit this site for the latest odds, tips on the recent and upcoming matches and the best tipsters’ directory. While dealing with bookies, one can choose to play smartly by scooping small earnings at intervals instead of accruing big amounts.
