Bet limit reduced

[Chemi]

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]

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.

[Justin7]

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.

[HeeeHAWWWW]

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

For 95% of books, "cheating" = being anything other than a total mug.

[fiveteamer]

Just make some 8 team parlays now and again.

[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.

[The General]

Welcome aboard, Chemi

[RuleOf72]

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.

[kiwi]

Any inputs are much welcome. Thanks a lot!

You may find some information there: http://www.arbforum.co.uk

[cinpls081]

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?

[RuleOf72]

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.

[G's pks]

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?

[thespeculator]

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

[cinpls081]

no book will cut you off for parlay betting its 100% luck sharps do no give away money...

[kiwi]

... with you as well kiwi are you involved in arbs?

No, I am not - please tell me what an arb is!

[cinpls081]

kiwi come on guy....Of course you know what an arb is bro....

[RuleOf72]

cinpls081, are u online. Can U Move Over to Live Chat Forum?

[Justin7]

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.

[cinpls081]

Rule I'm here now you want to chat? I also sent you an email....

[cinpls081]

I've been tossed from multiple books betting 100% parlays.

i'll take your action....

[RuleOf72]

cinpls081, Anybody There?

[cinpls081]

I'm here

[cinpls081]

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...

[cinpls081]

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.

[Justin7]

i'll take your action....

I promise you, you don't want my action.

[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.

[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..

[cinpls081]

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...

[HeeeHAWWWW]

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.

[Justin7]

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?

[SlickFazzer]

[Casi]

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

[cinpls081]

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.

[trixtrix]

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

[RuleOf72]

cinpls081, you out there bro?