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Welcome to the weekly series of Winning Edge Investments tutorials - designed to improve your punting knowledge and maximise your returns by providing real, unbiased, practical information.
HOW DO I AVOID GETTING BANNED BY THE BOOKIES?
We have had a number of members e-mail us relaying various stories and grievances about being banned by certain bookies.
As a result we decided to write an article about potential ways to avoid being banned by the corporates.
If you continue to follow successful services, you'll see the value of your corporate bookies accounts steadily increasing over time. Whilst this is obviously the aim, and very pleasing, unfortunately it may come (or have already come) with an unwanted side effect. We're talking about being banned by your bookie and it’s a problem encountered by successful punters throughout the world.
While many bookmakers are good at generating publicity for taking large bets, you may be surprised just how quickly they ban winning punters. Some bookies only want the ‘mug money’, and target those who have been long-term losing TAB punters. Winners might be grinners but they can also be quickly banned.
The first time it happens can be quite pleasing in some respects, but it quickly gets incredibly frustrating.
Why do bookies limit or close accounts?
When deciding whether to limit your bets or close your account, bookmakers will analyse many factors, including:
1. Bet Size: As a general rule the bigger the bets, the more likely it is for your account to be flagged
2. Bet Staking: Punters wagering very specific amounts (for example $117 on one bet, $88 the next)
3. Bet Timing: If you’re betting just before the jump, it doesn’t allow the bookie to manage his risk or exposure as well as they would like
4. Specialising: If you bet exclusively within a certain state (or sport) you’re also more likely to be limited or banned
5. Profitability: Both in terms of dollars and profit on turnover. Bookmakers run client profiling software over your account to ascertain whether you’re winning at a level that is higher than they are comfortable with
6. Withdrawals: How much money are you taking out of your account, and are they likely to get these funds back?
So how do you avoid being banned, or otherwise find a way to still get your bets on? Click below for some suggestions, including why BETFAIR is a MUST!
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