What kind of limits do the professional sportsbooks impose on sharp players? For example: if I'm wagering on NHL at the $2500 limit every night (I'm consistantly turning a profit and cashing out my winnings), how much would the book cut my NHL limits down to?
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a. what book are you with
b. what is your current per play limit
c. had you been doing the above i don't think you'd be asking these questions.Comment -
Teazeman's questions will help to solve a lot. If you're playing for less than $500 none of the A books will boot you on NHL plays (provided they're not steam) save perhaps 5Dimes.
You could play and win all you wanted at Matchbook or theGreek and never risk getting booted....
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I'm just trying to get everything in order for the upcoming MLB season. I'm trying to avoid as many gaming interruptions as possible. I have accounts with bookmaker, wsex, and the greek, but I'm hestitant to test their limits prior to the MLB season. I just want to know how much I can take them for on a regular basis without catching hell from management. I'm most concerned with bookmaker, wsex, and the greek (obviously) cause that who I game with.Comment -
Teazeman's questions will help to solve a lot. If you're playing for less than $500 none of the A books will boot you on NHL plays (provided they're not steam) save perhaps 5Dimes.
You could play and win all you wanted at Matchbook or theGreek and never risk getting booted....
BB,
Books like Jazz has their rules posted right up on steam type action. I believe the limits there on such types of wagering is 3 dimes, and won't cut'um either from what I've read.Comment -
If you are hittin the Greek at their limits with late action--they will politely ask you to slow down and lower the bet.
As far as Cris goes--I really don't want to say here what triggers there attention, but the likelihood is it won't happen to you.Comment -
If you have turned over your wsex balance 1x you can transfer any amount in your account to matchbook for free. Matchbook has no limits and never cuts players because they are an exchange and benefits from players winning. They take a 2% commission off any winnings. If you are a big MLB player, matchbook is definately the place to be. You can get down a lot of money there and not have to worry about a thing.Comment -
IMO with the exception of exchanges if you keep beating a "book" they will either get rid of you or make life a little harder for you so you leave on your own... They are not in the business of giving money away..
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I totally agree Shams. The exchanges are the best way to go to avoid any types of limits. If U.S. players could play at BetFair it would make life so much easier to avoid some of those types of issues IMHOO.Comment -
This question is for willy and Dany:
LET' SAY YOU WANT TO BET 330K($330,000) on A NFL side do you guys think that MATCHBOOK or betfair or Tradesports could handle bets like that?
what about 25k to 50k on the NHL?
OR
wouldn't one need in order to make big bets of this kind to spread the action among all 3 of the exchanges including PINNY,BOOKMAKER,WSEX and Greek or when you guys say NO LIMITS you literally mean that?Comment -
Shammy does that include:
PINNICALES,WSEX,BOOKMAKER and GREEK?Comment -
I believe the answer to this one is easy.. I'll take a crack at it...
If the liquidity is there then yes they will take it and pay it... They will only allow what liguidity is there.. Sometimes it's 5K sometimes it's 500K... I have seen and heard about some high liquidity at BetFair but that is more for soccer...
Yes it does...
Let me make it simple... This original poster seems to have limited knowledge with online books and he is saying with complete confidence that he is going to bet unreal amounts and keep winning... Well we know what kind of player he is and they will recognize you faster then I do and ....well... I would not recommand it with max. like money...
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thanks old chum,I believe the answer to this one is easy.. I'll take a crack at it...
If the liquidity is there then yes they will take it and pay it... They will only allow what liguidity is there.. Sometimes it's 5K sometimes it's 500K... I have seen and heard about some high liquidity at BetFair but that is more for soccer...
Yes it does...
Let me make it simple... This original poster seems to have limited knowledge with online books and he is saying with complete confidence that he is going to bet unreal amounts and keep winning... Well we know what kind of player he is and they will recognize you faster then I do and ....well... I would not recommand it with max. like money...
i have always appreciated and respected your knowledge and wisdom.
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Speculator matchbook currently has 30-75k available on every NBA halftime line, just to give you an idea of liquidity. As far as the NFL, it just depends on the game. I'd say for the NFL on a side you can easily get down 100k, sometimes 300k, I'm not sure I don't come close to bets of that size. Between the 3 exchanges you mentioned I would say for sure you could get that down. You can offer as much as is in your account at matchbook. If you have 500k in your account you can offer it and see if somebody takes it. The liquidity is really good at matchbook. There are no limits to bet size. I'm not sure if they would let a million dollar bet go through but who knows. I know they allow hundreds of thousands of dollars.Comment -
THANKS ALLOT WILLIE,I AM GOING TO SAVE THIS INFORMATION.
IT IS AMAZING THAT MATCHBOOK ALONE CAN TAKE 100K(NFL sides) AND BETFAIR I'M SURE CAN DO THE SAME,HOWEVER TRADESPORTS(witch i love) MIGHT NOT HAVE AS MUCH LIQUIDITY.IN ANY CASE THAT'S GREAT NEWS THOUGH,
IT GIVES ME A TARGET TO TO FOCUS ON AND A GOAL TO REACH.THANKS AGAIN OLD CUMH
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Willyback,
Welcome to the world of parlays:
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My understanding is that on a exchange say you bet 100k. They wait until 100k of bets come in on the other side. To balance it out. So basically your bet is queued until enough money comes in to cover your wager? is that correct? Then they take 2% from the winner?Comment -
Sort of.
Using Matchbook as an example, let's say you want 100k on a moneyline. You're hoping to get +140 or better.
So you go to that game, and select your team. On the confirmation screen, you write in $100,000 as your wager, you use a dropdown screen to adjust the odds to +140, and you hit confirm.
If there were any existing offers at your preferred price of +140 or better, then you have a bet. Any of your $100,000 that was not thus matched now exists as an offer, and will become a bet if and when someone on the other side bets -140.
For example, let's say when you confirmed your bet, the best offer available was someone wanting to put up $14,500 to win $10,000 on the favorite (which is -145). Next best is someone wanting to bet $4,200 to win $3,000, and another person wanting to bet $2,800 to win $2,000 (which are both -140). The existing offers after that all want -138 or lower.
Your wager will match the -145 and the two -140s. So those will come off the board, and you will currently have wagered $15,000 to win $21,500. In addition, you will now have a pending offer on the board where you are seeking to bet $85,000 to win $119,000.
Your offer and any other on the same side will be queued according to odds first, and time second. So if someone comes along after you willing to take +139, they will move ahead of you and be filled first. If someone comes along seeking +140 like you are, they will be filled after you, since you posted your offer first.
Until it is filled, you can at any time change the amount of your offer, or the odds of your offer, or take it down entirely. For instance, if you want to be sure to get more filled, you could drop your desired odds to +135, thereby scooping up all the bets of the aforementioned folks seeking -138, and the others down to -135.
And yes, then at the end they take 2% of the winnings. So you always have to mentally calculate that into the odds when you're betting.Comment -
wow, thats alot of math for the average joe like me.Comment -
Will they match parlays as well or only straight bets?Comment -
I have been winning frequently and no book has ever imposed any limits to me.Comment -
BetED knocked me down from $1000 to $25 for winning $15K in one week on several ML bets ...
Guess you didn't play with them, Glenn ...Comment -
My max bet was $1000, then I won $15K, then they lowered my max to $25!Comment -
Unfortunately (or fortunately), I won the $15K in 6 days ... two $1K ML bets on SD and the Giants were a huge part of it ... funny thing was I lost $8K over the last year with them, but I guess the $15K put them over the edge ... oh, well, just made sure I wouldn't be able to lose it back to them, which I undoubtedly would have ...Comment
