Bet limit reduced

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  • Chemi
    SBR Rookie
    • 03-23-09
    • 12

    #1
    Bet limit reduced
    I have been engaging in sports arbitrage and winning about 1%-5% each time. Things have been going well until recently where 1 sportsbook account was closed for being "unprofitable", and 2 others reduced my betting limit drastically to about $20-$40 only (when I could bet hundreds previously).

    I'm not greedy. I have lost thousands in the past, but now I have curb the addiction and learnt to be discipline, and I hope to just recoup some losses back. Now my betting limit is drastically reduced, anyone has any advise how I can resolve this? I'm curious how does the professional punters win over time yet not have their betting limit reduced by bookmakers?

    Any inputs are much welcome. Thanks a lot!
  • Peep
    SBR MVP
    • 06-23-08
    • 2295

    #2
    If you have gotten "smarter" by beating books to new numbers, thus setting up your arbitrage, they will not take kindly to you.

    In their world (lala world) this is "cheating".

    If you can originate you have a much better chance of sticking around.
    Comment
    • Justin7
      SBR Hall of Famer
      • 07-31-06
      • 8577

      #3
      Welcome to the wonderful world of sportsbook countermeasures! Most of the books you can arb will toss you no matter how you win... but one thing that can add a little longevity is to mix in a little originating. Play some games at retail, you'll look more like a gambler.
      Comment
      • HeeeHAWWWW
        SBR Hall of Famer
        • 06-13-08
        • 5487

        #4
        Originally posted by Peep
        In their world (lala world) this is "cheating".
        For 95% of books, "cheating" = being anything other than a total mug.
        Comment
        • fiveteamer
          SBR Posting Legend
          • 04-14-08
          • 10805

          #5
          Just make some 8 team parlays now and again.
          Comment
          • Karla
            SBR Sharp
            • 10-31-08
            • 271

            #6
            increasing your max limit would depend on what your book decides. that's just too bad. if your losing a lot, they won't be reducing it, but if you kept on winning they will give you a big crap. Maybe it's time for you to move on to a different book, a book that will not limit you.

            parlays has limits, though you could win big if luck is with you.
            Comment
            • The General
              SBR Posting Legend
              • 08-10-05
              • 13279

              #7
              Welcome aboard, Chemi
              Comment
              • RuleOf72
                SBR Rookie
                • 02-25-09
                • 7

                #8
                Ruleof72

                Hi Chemi. I'm Involved in Sportsbook Arbitrage too. I'm Interested in
                Exchanging Info. to Maximize Profits. I Left a PM for you if Your Interested in an Information Exchange.
                Last edited by RuleOf72; 03-23-09, 05:54 PM.
                Comment
                • kiwi
                  SBR Wise Guy
                  • 08-11-05
                  • 674

                  #9
                  Originally posted by Chemi

                  Any inputs are much welcome. Thanks a lot!
                  You may find some information there: http://www.arbforum.co.uk
                  Comment
                  • cinpls081
                    SBR Wise Guy
                    • 05-09-08
                    • 655

                    #10
                    chemi I pm'ed you Rule of 72 can you PM me? I can't PM you so that sucks I'd like to disucess arbs with you as well kiwi are you involved in arbs?
                    Comment
                    • RuleOf72
                      SBR Rookie
                      • 02-25-09
                      • 7

                      #11
                      Sports Arbs

                      Hi Cinpls081, I've Sent You a PM and Changed My Settings to Allow
                      PM 2 be Rcvd. I've Also Included My Email Address. I Suggest You
                      Myself, and Chemi Connect in the SBR " Live Chat " Forum when its
                      Convenient to Conduct an Information Exchange if All 3 Parties are Interested. Hope 2 Talk to u Soon.
                      Comment
                      • G's pks
                        Restricted User
                        • 01-01-09
                        • 22251

                        #12
                        you say you are winning between 1-5%...a bet but are trying to recoup losses?Which is it? Are you winning 1-5%, or trying to recoup losses?
                        Comment
                        • thespeculator
                          SBR MVP
                          • 09-09-08
                          • 2999

                          #13
                          Originally posted by Karla
                          increasing your max limit would depend on what your book decides. that's just too bad. if your losing a lot, they won't be reducing it, but if you kept on winning they will give you a big crap. Maybe it's time for you to move on to a different book, a book that will not limit you.

                          parlays has limits, though you could win big if luck is with you.
                          so if you play parlays , say 4 or 5 teams, and hit a few( if you're lucky), the top books will let you play or is that also grounds for kicking you out
                          Comment
                          • cinpls081
                            SBR Wise Guy
                            • 05-09-08
                            • 655

                            #14
                            no book will cut you off for parlay betting its 100% luck sharps do no give away money...
                            Comment
                            • kiwi
                              SBR Wise Guy
                              • 08-11-05
                              • 674

                              #15
                              Originally posted by cinpls081
                              ... with you as well kiwi are you involved in arbs?
                              No, I am not - please tell me what an arb is!
                              Comment
                              • cinpls081
                                SBR Wise Guy
                                • 05-09-08
                                • 655

                                #16
                                kiwi come on guy....Of course you know what an arb is bro....
                                Comment
                                • RuleOf72
                                  SBR Rookie
                                  • 02-25-09
                                  • 7

                                  #17
                                  cinpls081, are u online. Can U Move Over to Live Chat Forum?
                                  Comment
                                  • Justin7
                                    SBR Hall of Famer
                                    • 07-31-06
                                    • 8577

                                    #18
                                    Originally posted by cinpls081
                                    no book will cut you off for parlay betting its 100% luck sharps do no give away money...
                                    I've been tossed from multiple books betting 100% parlays.
                                    Comment
                                    • cinpls081
                                      SBR Wise Guy
                                      • 05-09-08
                                      • 655

                                      #19
                                      Rule I'm here now you want to chat? I also sent you an email....
                                      Comment
                                      • cinpls081
                                        SBR Wise Guy
                                        • 05-09-08
                                        • 655

                                        #20
                                        Originally posted by Justin7
                                        I've been tossed from multiple books betting 100% parlays.

                                        i'll take your action....
                                        Comment
                                        • RuleOf72
                                          SBR Rookie
                                          • 02-25-09
                                          • 7

                                          #21
                                          cinpls081, Anybody There?
                                          Comment
                                          • cinpls081
                                            SBR Wise Guy
                                            • 05-09-08
                                            • 655

                                            #22
                                            I'm here
                                            Comment
                                            • cinpls081
                                              SBR Wise Guy
                                              • 05-09-08
                                              • 655

                                              #23
                                              It keeps saying I don't have the right verzion of IE which I have downloaded so I dont know how to do this live chat thing...
                                              Comment
                                              • cinpls081
                                                SBR Wise Guy
                                                • 05-09-08
                                                • 655

                                                #24
                                                i sent you an email feel free to reply to me its not working for me I've downloaded both and I still get the same message.
                                                Comment
                                                • Justin7
                                                  SBR Hall of Famer
                                                  • 07-31-06
                                                  • 8577

                                                  #25
                                                  Originally posted by cinpls081
                                                  i'll take your action....
                                                  I promise you, you don't want my action.
                                                  Comment
                                                  • HeeeHAWWWW
                                                    SBR Hall of Famer
                                                    • 06-13-08
                                                    • 5487

                                                    #26
                                                    Lots of books seem to use the somewhat stupid line of thought that if you've won any amount, you're out - regardless of whether you've been lucky or not. Obviously if you hit a reasonably sized parlay at one of those places, byebye.

                                                    Justin is more likely to be thinking of multiplying value though. Don't like the variance on parlays myself, but there's nothing wrong with them in theory.
                                                    Comment
                                                    • cinpls081
                                                      SBR Wise Guy
                                                      • 05-09-08
                                                      • 655

                                                      #27
                                                      i promise you I do. honeslty justin you can't be that square to play parlays... You can just make bets free standing and get paid more money. ...

                                                      using normal -110 odds just bet 100 it will pay you 91. then take 191 it will pay you 173. a two team parlay will pay you 264 instead of 260. do it for 3 team and 4 team and your payouts are much better doing it on its own...

                                                      anyways if i could I'd be happy to take your bets..
                                                      Comment
                                                      • cinpls081
                                                        SBR Wise Guy
                                                        • 05-09-08
                                                        • 655

                                                        #28
                                                        Originally posted by HeeeHAWWWW
                                                        Lots of books seem to use the somewhat stupid line of thought that if you've won any amount, you're out - regardless of whether you've been lucky or not. Obviously if you hit a reasonably sized parlay at one of those places, byebye.

                                                        Justin is more likely to be thinking of multiplying value though. Don't like the variance on parlays myself, but there's nothing wrong with them in theory.

                                                        unless you are getting fair value for your bets there is something wrong with playing parlays...
                                                        Comment
                                                        • HeeeHAWWWW
                                                          SBR Hall of Famer
                                                          • 06-13-08
                                                          • 5487

                                                          #29
                                                          Originally posted by cinpls081
                                                          unless you are getting fair value for your bets there is something wrong with playing parlays...
                                                          Well, obviously :-) The only difference is parlays just multiply your edge (or lack of). If you don't have an edge, you shouldn't be betting in the first place.
                                                          Comment
                                                          • Justin7
                                                            SBR Hall of Famer
                                                            • 07-31-06
                                                            • 8577

                                                            #30
                                                            Originally posted by cinpls081
                                                            i promise you I do. honeslty justin you can't be that square to play parlays... You can just make bets free standing and get paid more money. ...

                                                            using normal -110 odds just bet 100 it will pay you 91. then take 191 it will pay you 173. a two team parlay will pay you 264 instead of 260. do it for 3 team and 4 team and your payouts are much better doing it on its own...

                                                            anyways if i could I'd be happy to take your bets..
                                                            You're offering 6:1 3-teamers on all normal markets.

                                                            A barrage of parlays come in. 20 seconds, the board moves. Oddly enough, every team parlayed (think 2 blocks of 8 by 3s) has moved against you! You take a dime on a side. Instead of facing 16k in negative equity, you were taking nickels on parlays. Now you're facing 56k in exposure on those same 16 games, and you can't really lay it off.

                                                            You really want that?

                                                            Are you sure you want that?
                                                            Comment
                                                            • SlickFazzer
                                                              SBR Posting Legend
                                                              • 05-22-08
                                                              • 20209

                                                              #31
                                                              Comment
                                                              • Casi
                                                                SBR Wise Guy
                                                                • 02-16-09
                                                                • 506

                                                                #32
                                                                Most arbers do the multiple ID thing, that´s prolly the reason for most of the disputes on SBR.
                                                                Books don´t want you to make free money, obviously, as 1 of them is the loser and it´s usually not Pinnacle, Betfair etc. =P
                                                                Comment
                                                                • cinpls081
                                                                  SBR Wise Guy
                                                                  • 05-09-08
                                                                  • 655

                                                                  #33
                                                                  Originally posted by Justin7
                                                                  You're offering 6:1 3-teamers on all normal markets.

                                                                  A barrage of parlays come in. 20 seconds, the board moves. Oddly enough, every team parlayed (think 2 blocks of 8 by 3s) has moved against you! You take a dime on a side. Instead of facing 16k in negative equity, you were taking nickels on parlays. Now you're facing 56k in exposure on those same 16 games, and you can't really lay it off.

                                                                  You really want that?

                                                                  Are you sure you want that?
                                                                  yes, you can't win doing what you claim to be doing. hell if you have a chance of winning 55% of the time (I know you don't) Your odds of hitting a 3 teamer are 6 to 1 and I know you have no chance in hell of hitting 3 games at .55%

                                                                  Justin there is nobody in this world that can pick at that rate. Again if I could I'd be happy to take your money.
                                                                  Comment
                                                                  • trixtrix
                                                                    Restricted User
                                                                    • 04-13-06
                                                                    • 1897

                                                                    #34
                                                                    can you book my parlays while you're at it?

                                                                    mine is simple, 1st half spreads & totals, and i'll take +260 instead of +264
                                                                    Comment
                                                                    • RuleOf72
                                                                      SBR Rookie
                                                                      • 02-25-09
                                                                      • 7

                                                                      #35
                                                                      cinpls081, you out there bro?
                                                                      Comment
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