1. #1
    pushkar000
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    New to betting, could really use some help

    Hi, so me and my brother decided to pool in 50 euros each and bet on a tournament this month. Without doing too much research, we chose betway, which has some bad reviews and also has some super specific terms and conditions. Before continuing with betway, I just want to make sure I haven't screwed anything up, since I've already been betting for two days before reading the terms, and we're on a hot streak so we'd rather continue with betway and just abide by the rules if possible. Would really appreciate if some of you folks could take the time to help me out.

    There's a clause about something with fair play - so no low odds bets or hedge betting. What is a low odds bet? I made one bet with odds of 1.2 or something. Everything else is 1.3 or more. Is 1.2 "low"? Also, I made one hedge bet but its a tiny bet for 5 euro. I meanto most you guys 5 euro must not even be a bet, but I just wanna know if that one 5 euro bet will bite me in the ass later. After that I haven't hedged a single bet. I mean I didn't even know what hedging was. I just clicked the bet option thinking "its never gonna go through, I already bet on the other team" and was surprised when it went through. Disappointed too, since my original bet won as predicted on odds of 3.8, so I basically threw 5 euro down the drain. It was my first time betting and I thought the system didn't allow you to bet on opposite teams because that's obviously illogical(until I read about hedge betting)

    Am mostly worred about this hedge bet. On the day I do try and withdraw the money, I really don't want these guys to say, "look at this here, you hedged a bet for 5 euros, so you don't get the 500 euros that you won." Or do they even care? Do these guys bother checking withdrawals at that range(or less obviously if we lose some wagers)? Or do they only check for massive accounts like 10k+ or I dunno what some people get upto.

    Should I send them an email/livechat with them or something and try to get some sort of proof etc. from the company's side that this bet is "forgiven"?

    Thanks a lot!

  2. #2
    Derailer
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    My first post here as well so lets see if this works. I don't know what low odds betting is exactly but your "hedge" bet should not be an issue. Hedge betting is apparently considered betting both sides at a guaranteed profit.

    It is common to buy off a game and eat a small loss and bookmakers will allow this. They do not like for you to bet both sides of a game if it is a means of getting ahead as with a guaranteed profit or beating a rollover.

    If you are betting a small amount they will pretty much let you do whatever as long as it is not your primary strategy.

    I would not be concerned. If you do not do something that results in a big profit by some type of strategy you should be fine. Even a shady book would not typically resort to denying winnings with this sort of thing. They would more likely think you were a good person to keep around.

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  3. #3
    Derailer
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    As for low odds betting that would apparently be betting odds of 1.2 or less exclusively. Maybe this is a strategy for beating rollover in Europe betting games that are more likely to win and not really giving the book sufficient "fair" action. I suppose this might be a good idea for non-American sports in the short term.

    This is something that could come into play if you only bet these small favorites and the books think you were just trying to beat them out of money using such a strategy. This again is not likely to be looked at with a small bettor where you are much less likely to meet rollover than with big bets.

    If you beat them by betting a small number of small favorites, they might consider that you scammed them.

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  4. #4
    SBR Tracy
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    Quote Originally Posted by pushkar000 View Post
    Hi, so me and my brother decided to pool in 50 euros each and bet on a tournament this month. Without doing too much research, we chose betway, which has some bad reviews and also has some super specific terms and conditions. Before continuing with betway, I just want to make sure I haven't screwed anything up, since I've already been betting for two days before reading the terms, and we're on a hot streak so we'd rather continue with betway and just abide by the rules if possible. Would really appreciate if some of you folks could take the time to help me out.

    There's a clause about something with fair play - so no low odds bets or hedge betting. What is a low odds bet? I made one bet with odds of 1.2 or something. Everything else is 1.3 or more. Is 1.2 "low"? Also, I made one hedge bet but its a tiny bet for 5 euro. I meanto most you guys 5 euro must not even be a bet, but I just wanna know if that one 5 euro bet will bite me in the ass later. After that I haven't hedged a single bet. I mean I didn't even know what hedging was. I just clicked the bet option thinking "its never gonna go through, I already bet on the other team" and was surprised when it went through. Disappointed too, since my original bet won as predicted on odds of 3.8, so I basically threw 5 euro down the drain. It was my first time betting and I thought the system didn't allow you to bet on opposite teams because that's obviously illogical(until I read about hedge betting)

    Am mostly worred about this hedge bet. On the day I do try and withdraw the money, I really don't want these guys to say, "look at this here, you hedged a bet for 5 euros, so you don't get the 500 euros that you won." Or do they even care? Do these guys bother checking withdrawals at that range(or less obviously if we lose some wagers)? Or do they only check for massive accounts like 10k+ or I dunno what some people get upto.

    Should I send them an email/livechat with them or something and try to get some sort of proof etc. from the company's side that this bet is "forgiven"?

    Thanks a lot!
    Thank you for sharing and welcome to SBR Forum. I have mirrored this thread to the Sportsbook & Industry sub-forum, where one of the posters there may be able to offer their input on your situation.

  5. #5
    Optional
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    Quote Originally Posted by pushkar000 View Post
    Hi, so me and my brother decided to pool in 50 euros each and bet on a tournament this month. Without doing too much research, we chose betway, which has some bad reviews and also has some super specific terms and conditions. Before continuing with betway, I just want to make sure I haven't screwed anything up, since I've already been betting for two days before reading the terms, and we're on a hot streak so we'd rather continue with betway and just abide by the rules if possible. Would really appreciate if some of you folks could take the time to help me out.

    There's a clause about something with fair play - so no low odds bets or hedge betting. What is a low odds bet? I made one bet with odds of 1.2 or something. Everything else is 1.3 or more. Is 1.2 "low"? Also, I made one hedge bet but its a tiny bet for 5 euro. I meanto most you guys 5 euro must not even be a bet, but I just wanna know if that one 5 euro bet will bite me in the ass later. After that I haven't hedged a single bet. I mean I didn't even know what hedging was. I just clicked the bet option thinking "its never gonna go through, I already bet on the other team" and was surprised when it went through. Disappointed too, since my original bet won as predicted on odds of 3.8, so I basically threw 5 euro down the drain. It was my first time betting and I thought the system didn't allow you to bet on opposite teams because that's obviously illogical(until I read about hedge betting)

    Am mostly worred about this hedge bet. On the day I do try and withdraw the money, I really don't want these guys to say, "look at this here, you hedged a bet for 5 euros, so you don't get the 500 euros that you won." Or do they even care? Do these guys bother checking withdrawals at that range(or less obviously if we lose some wagers)? Or do they only check for massive accounts like 10k+ or I dunno what some people get upto.

    Should I send them an email/livechat with them or something and try to get some sort of proof etc. from the company's side that this bet is "forgiven"?

    Thanks a lot!
    Those terms relate to users who have taken a bonus.

    They do not want you to bet both sides of a match with bonus funds to complete the required rollover faster is all.

    You can hedge bet with your own money as much as you like.

    Low odds should be defined better somewhere in their terms, but again they are just talking about a limit on the odds you can bet when completing a rollover. $1.20 is low odds by most definitions though.


    Have you taken a bonus?


    One more thing too. 99.9% of books have a rule about 1 person, 1 account and not allowed to have multiple accounts held by family members at the same address.

    So I would immediately stop talking about your betting as "we" to avoid confusing books or making them suspicious of you for no reason if it really is just you and a brother having some fun sharing the wins and losses.

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  6. #6
    pushkar000
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    Hi Derailer, Tracy and Optional, thanks very much for answering! Thank you Tracy for mirroring this thread.

    Derailer : No, I'm not applying any sort of strategy at all. My bet history is full of very high odds bets that are so far paying off. Thanks for the reassurance and I hope nothing should happen. Just in case I asked customer service to check my history to see whether anything I did could be considered irregular play, and they said no. I don't trust that they will hold their word(I only have livechat screenshots as proof) so I will continue to be careful and play by the rules.

    Optional : I have taken a bonus(it applies automatically to all who enter the site). Should I be worried that my one low-odds bet among what will be hundreds of high odds bets is grounds enough to nullify my entire winnings later on? Is there something I can do to prevent them from withholding my winnings? Take out winnings not in one big withdrawal but in small increments etc.?

    Here's the relevant wording : "Should Betway Sports deem that irregular game play has occurred, the Sportsbook reserves the right to withhold any withdrawals and/or confiscate all winnings."

    So I'm worried that one instance is grounds enough. If it is, I'm pulling out of this site immediately. But if there's a way around it, I'd much rather stay in since my brother and I have racked up a fair amount in the past two days.

    All I could think of was trying to withdraw in small increments and leave a certain sum on the site account to make it seem like I wish to continue using their site.

    As far as sharing goes, so far I have only referred to myself in singular in all communications so there should be no problems there. And we are honestly just a couple of guys putting a little money in for fun. If we win anything, its off honest betting and good predictions. So we don't want to get screwed over by a technicality.

  7. #7
    Optional
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    One instance is enough to have your bonus cancelled.

    They won't miss it just because you withdraw less and do it multiple times. And if you mean one after the other it's likely to just annoy them doing that and taking up staff time and extra transfer costs for them. There is more chance of your history being looked at closely doing multiple withdraws.

    if you have made an error there is really not much you can do but complete your rollover and put in a withdraw request and hope they dont check the history too closely.

    If you contact them to ask, you will very likely have zero chance of not being penalized.

    Sorry for the bad news.

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  8. #8
    Optional
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    That said, 5 euro is unlikely to set off big red flags with them, so there should be some chance it will be overlooked and you paid. Definitely dont point it out.

    And it matters very little what a CS person tells you. The official rules will always over ride anything they say and the book will not honor anything that conflicts with the published terms of service no matter what they promise or what screencaps you keep.

    Even if a CS person tells you your account is perfect right now, it wont stop someone checking your account again at time of withdrawal and making a different decision.

    Stop worrying about this. What is done is done. Dont talk to the book. Complete your rollover and see what happens and deal with it then.
    Last edited by Optional; 10-07-17 at 07:19 AM.

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  9. #9
    pushkar000
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    Quote Originally Posted by Optional View Post
    Stop worrying about this. What is done is done. Dont talk to the book. Complete your rollover and see what happens and deal with it then.
    Hi, thanks for the advice. As you said, whats done is done. I've decided to forget about it and just try to enjoy.
    Points Awarded:

    Optional gave pushkar000 2 Betpoint(s) for this post.


  10. #10
    KS1986
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    Pretty sure arb/hedge betting is always forbidden when a bonus is involved. Hopefully, you don't run into issues. It was small enough where it may not be a big deal.

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