How books make money if they keep closing accounts?

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  • slikec
    SBR MVP
    • 01-11-11
    • 1032

    #1
    How books make money if they keep closing accounts?
    Hello!

    I am from Europe and let me first say a bit what kinda bettor i am. My average bet is around 150€ i will sometiems bet as low as 5€ and more than few times even above 500€ so i am average bettor. I am sadly slighty losing money and trying magic formula to finally show profit.

    Strangly books dont like me. In matter of two years i got my account closed permanently: VictorChandler, Sportsinteraction and Ladbrokes! In this "competition" wins VictorChandler since they closed me account in just 3 weeks after i openned it

    Now is time to count all books that didnt kick me out but lowered my max. bets/winnings to from less than 5€ to up to 25€: betsson, Bet365, betinternet, bodog, unibet, williamhill and youwin

    There also few that max. bet is 50€ which is ok so i wont mention them

    Well obviously i find strange books are sending away costumers especially if they are slighty losing money/breakeven.

    There are still plenty of other books i even didnt open account at but still one way or another i know one day they will close account(ok pinnacle as i heard wont ).

    Isnt my job as bettor to find the best line/odds for games i like. Obviously i like to bet at best line/odds i can get which is getting harder and harder with so many accounts closed.

    So how many of you have similar problem as me?
    27
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    8
  • brankica023
    SBR High Roller
    • 07-27-11
    • 131

    #2
    My record for kicking out off book is 2 bets and winning 80€ from partybets
    Comment
    • Hareeba!
      BARRELED IN @ SBR!
      • 07-01-06
      • 36906

      #3
      Many of us have been through all the European books and found them doing that.

      Just keep moving on until you've exhausted your welcome at all of them.

      But for the longer term you really should be playing at Pinnacle or the exchanges (Betfair and Matchbook) or if you are into soccer at SBO and 188Bet. Best odds and won't get limited.
      Comment
      • brankica023
        SBR High Roller
        • 07-27-11
        • 131

        #4
        My record for kicking out off book is 2 bets and winning 80€ from partybets
        Comment
        • v1y
          SBR MVP
          • 05-02-11
          • 1138

          #5
          I'm up 5 figures at 5Dimes and they've never limited me, so go play there!
          Comment
          • Hareeba!
            BARRELED IN @ SBR!
            • 07-01-06
            • 36906

            #6
            Originally posted by v1y
            I'm up 5 figures at 5Dimes and they've never limited me, so go play there!
            My experience with them was somewhat different.

            They introduced a delay and limited me severely.
            Comment
            • slikec
              SBR MVP
              • 01-11-11
              • 1032

              #7
              I heard that only pinnacle never limited anyone outside their limits which lets be honest for most sports they offer are just huge

              From big books i use most of them and would use 5dimes if i could have account in euros.

              Anyway is funny how books dont want our money. I dont know how it would be if people would go to supermarket and they would kick out 1/5 of custumers after few shopings
              Comment
              • Hareeba!
                BARRELED IN @ SBR!
                • 07-01-06
                • 36906

                #8
                Originally posted by slikec
                I heard that only pinnacle never limited anyone outside their limits which lets be honest for most sports they offer are just huge

                From big books i use most of them and would use 5dimes if i could have account in euros.

                Anyway is funny how books dont want our money. I dont know how it would be if people would go to supermarket and they would kick out 1/5 of custumers after few shopings
                Exchanges will never kick you out for winning.

                Pinnacle's early limits on many sports are far from huge.

                It makes sense for books to close down punters who win and cost them money. They make their money from the mugs who don't know the meaning of value.
                Comment
                • LordVodka
                  SBR Hall of Famer
                  • 08-17-09
                  • 5206

                  #9
                  Will a book close your account if you win a lot but bet the team that is getting the least action coming in?
                  Comment
                  • JohnAnthony
                    SBR Hall of Famer
                    • 04-30-09
                    • 5110

                    #10
                    Never, cause I'm with Pinny! and honestly, I've been a losing degenerate for the most part until early last year
                    "I have never seen a wild thing feel sorry for itself. A little bird will fall dead, frozen from a bough, without ever having felt sorry for itself."

                    - D.H. Lawrence
                    Comment
                    • BradyMossTD
                      SBR Rookie
                      • 01-16-12
                      • 18

                      #11
                      What about Bookmaker? I heard they never limit or delay winners. Seems like it's the only option for US players?
                      Comment
                      • Emily_Haines
                        SBR Posting Legend
                        • 04-14-09
                        • 15917

                        #12
                        Originally posted by BradyMossTD
                        What about Bookmaker? I heard they never limit or delay winners. Seems like it's the only option for US players?
                        They only take the rewards program away if you win.
                        Comment
                        • Bill Dozer
                          www.twitter.com/BillDozer
                          • 07-12-05
                          • 10894

                          #13
                          If your book has unique numbers but isn't moving the market, that's a bad sign unless they kick out the players who bet all of those numbers. Good risk management means not getting beat to line moves. For the books who are premier marketers, they can afford to kick out players who might just price shop. For most books that dont set the lines, all they care about is players beating them to a number they want to change.
                          Comment
                          • LordVodka
                            SBR Hall of Famer
                            • 08-17-09
                            • 5206

                            #14
                            Originally posted by Bill Dozer
                            If your book has unique numbers but isn't moving the market, that's a bad sign unless they kick out the players who bet all of those numbers. Good risk management means not getting beat to line moves. For the books who are premier marketers, they can afford to kick out players who might just price shop. For most books that dont set the lines, all they care about is players beating them to a number they want to change.

                            So in theory you can be a winning player as long as you don't bet steam they will not care?
                            Comment
                            • Emily_Haines
                              SBR Posting Legend
                              • 04-14-09
                              • 15917

                              #15
                              Originally posted by LordVodka
                              So in theory you can be a winning player as long as you don't bet steam they will not care?
                              If you bet steam the books can just put a delay on your account to prevent you from getting the number. If you win they have no measures left other than closing your account. Only about 5 online books worth a shit these days.
                              Comment
                              • LordVodka
                                SBR Hall of Famer
                                • 08-17-09
                                • 5206

                                #16
                                For US players at least.

                                There's gotta be a way for us to find some kind of loophole and use the US laws against them. There's gotta be some kind of technicality we're not looking at.
                                Comment
                                • FourLengthsClear
                                  SBR MVP
                                  • 12-29-10
                                  • 3808

                                  #17
                                  Originally posted by LordVodka
                                  So in theory you can be a winning player as long as you don't bet steam they will not care?
                                  If you are consistently on the right side of line moves before steam occurs you will be collared too. This is true even if your account with that book is in negative territory.
                                  Comment
                                  • Bill Dozer
                                    www.twitter.com/BillDozer
                                    • 07-12-05
                                    • 10894

                                    #18
                                    Originally posted by LordVodka
                                    So in theory you can be a winning player as long as you don't bet steam they will not care?
                                    Well, line moves. If you watch SBRodds to see which way a game is moving before game time and see it is moving opposite your favor but that a few of your outs still have it at the old line where you bet it, there are some books that will boot you eventually. 365 and VIP for example. There are players that win $400k in a month from 5dimes and they don't care. But, if you are always betting a line that is eventually going to follow Betfair, Bookmaker's and Pinnacle's move, and don't gamble on anything else, you may get the boot. If you won 20 NFL bets in a row for $5k/per the book still has the same chance at beating you on the 21st bet as they do everyone else as long as you are betting the numbers everyone else is betting.
                                    Comment
                                    • TheMoneyShot
                                      BARRELED IN @ SBR!
                                      • 02-14-07
                                      • 28672

                                      #19
                                      Bill back to what you just said. You mean if you follow a steam move from Betfair, Bookmaker, and Pinnacle... it's cashing at a higher percentage? For instance if the line goes from -4 to -4.5 then -4.5 is the play? And if the line goes from -4 to -3.5 then +3.5 is the play? Just trying to understand more clearly.
                                      Comment
                                      • LordVodka
                                        SBR Hall of Famer
                                        • 08-17-09
                                        • 5206

                                        #20
                                        Originally posted by Bill Dozer
                                        Well, line moves. If you watch SBRodds to see which way a game is moving before game time and see it is moving opposite your favor but that a few of your outs still have it at the old line where you bet it, there are some books that will boot you eventually. 365 and VIP for example. There are players that win $400k in a month from 5dimes and they don't care. But, if you are always betting a line that is eventually going to follow Betfair, Bookmaker's and Pinnacle's move, and don't gamble on anything else, you may get the boot. If you won 20 NFL bets in a row for $5k/per the book still has the same chance at beating you on the 21st bet as they do everyone else as long as you are betting the numbers everyone else is betting.
                                        WOW!
                                        Comment
                                        • Bill Dozer
                                          www.twitter.com/BillDozer
                                          • 07-12-05
                                          • 10894

                                          #21
                                          Originally posted by TheMoneyShot
                                          Bill back to what you just said. You mean if you follow a steam move from Betfair, Bookmaker, and Pinnacle... it's cashing at a higher percentage? For instance if the line goes from -4 to -4.5 then -4.5 is the play? And if the line goes from -4 to -3.5 then +3.5 is the play? Just trying to understand more clearly.
                                          Your bet will cash at a higher percentage if you are playing the dog. If your opinion was that the dog would cover then you don't want to bet +3.5 when Pinnacle has +4 -111 because your book will likely move to 4. However if you like the fav and see the line is going up across the board so you hurry to bet the 3.5, your book won't like that because your betting a stale line. Linesmakers get headaches when their reports show X amount of bets coming in at the old line because they weren't quick enough. It doesn't matter if they win or lose, they look bad. Winners can always win and be fine at most places as long as they are part of the intended balanced action.
                                          Comment
                                          • slikec
                                            SBR MVP
                                            • 01-11-11
                                            • 1032

                                            #22
                                            Well my job is to get best line and books job is to set the right line. Explains why i became unwelcome costumer for so many books
                                            Comment
                                            • davidchong
                                              SBR MVP
                                              • 02-10-06
                                              • 1806

                                              #23
                                              tony answer: i dont want your action.
                                              Comment
                                              • TheMoneyShot
                                                BARRELED IN @ SBR!
                                                • 02-14-07
                                                • 28672

                                                #24
                                                Thanks Bill
                                                Comment
                                                • LordVodka
                                                  SBR Hall of Famer
                                                  • 08-17-09
                                                  • 5206

                                                  #25
                                                  Bill, were you joking when you said there are people who win 400k a month and don't get kicked out? Why would any book keep someone like that around?
                                                  Comment
                                                  • Santo
                                                    SBR MVP
                                                    • 09-08-05
                                                    • 2957

                                                    #26
                                                    If you bet $440k to win $400k on -3 -110 when the market is -3 +100, why wouldn't they?

                                                    Extrapolate that, 2 bets of $220k/$200k are the same..

                                                    Whether you win or not is not meaningful without average size of bet, average advantage vs closing line etc..
                                                    Comment
                                                    • Bill Dozer
                                                      www.twitter.com/BillDozer
                                                      • 07-12-05
                                                      • 10894

                                                      #27
                                                      Originally posted by LordVodka
                                                      Bill, were you joking when you said there are people who win 400k a month and don't get kicked out? Why would any book keep someone like that around?
                                                      Yea, there are guys who will win six figures a day. But you have to remember gambling is a money making business for books that are doing it right. If one guy is winning 100k there is probably another losing 110k. If books can work with the action, they generally don't care who wins. When you bet on a line that they intend or move or should have moved, they can't work with the action.
                                                      Comment
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