Although I've mentioned it before
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I’m really struggling to agree that people are being banned from bookmakers for suspected “matched betting”… I’ve 14 separate bookmakers I’m a member of and haven’t been restricted from a single one… I take advantage of and cherry pick bonuses to suit and never place a single “mug bet”
From the bookies point of view… Imagine a new generation of punters all actively trying to LOSE money with them… Placing high odds bets trying to lose everything to the exchange?… Maybe it’s to try and portray that they won’t tolerate it to keep the “matched betting” numbers to an acceptable, profitable level?
It’s just my thoughts and I’m sure a few of you will have your own?… But when you really think about it… We are actually a bookmakers dream client!
+0December 24, 2015 at 8:57 am
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Can’t disagree with that at all Tony you are spot on. I have however been banned from the 888s and Boylesports of this world but certainly in the latter case their business model seems rather strange – my account with them was closed after about 5 or 6 bets so not missing them atall – a joke. The mainstream names however are well pleased for me to lose with them and credit my betfair balance!!
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Exactly that mate, I’m starting to think it has something to do with the withdrawals, I never withdraw from the bookies… no matter how big my balance gets I continue betting until I’ve lost it to the exchange… somethin to think about
+0Agree – once you get to know the decent bookies to deal with , no probs re leaving a few hundred with them. They’d be daft to close you down and you take your cash elsewhere anyway. Totally separately there should be something in the King George on Boxing Day. William hill free bet if your horse finishes 2nd. Ladbrokes money back if The favourite wins etc etc. Need to get my head round this one. All the best
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OP, what are you talking about? I get that we’re “trying” to lose, but it’s with close odds which are highly competitive and generally reflective of the true probability of an outcome. If you were able to identify losers you would just lay those on the exchange – no need for matching bets.
Across all matched bettors, the bookmakers lose (trivial). We are not ideal customers. Fair enough, you may be down loads on the bookies; yet, as an example, I’m up thousands on the bookies (yet to be banned) and down on the exchange.
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My qualifying bets are NEVER on the favourite… Aslong as the odds across bookmaker and exchange are close as possible to limit qualifying losses, then on the whole my exchange account wins and bookmakers 7 times out of 10 is the loser… Plenty of topping up of bookmakers accounts… I guess everyone’s different which is why I guess some of us are looking at bans and some of us aren’t?
+0Well boylesports ban people for no reason at all. I honestly don’t know how the admin of this website keeps his account with Boylesports.
+0Agree about Boylesport and put Betfred and Totesport in same basket,
Not sure Matt has accounts with all the bookies he blogs.
To me his blog is more of a virtual account to show what could be made.
Just look at his example of the. 1.25 at Kempton. The odds he gives just dont exist at the moment.+0
Potentially a good point about the importance of betting on outsiders, but the point still stands. You’re backing at competitive odds and are expected to breakeven in the long-run (then of course cost the bookmaker over and above with the additional free bets thrown in).
I think your point about withdrawals hits the nail on the head. This is without doubt the most common reason people get banned… winning and then withdrawing immediately.
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I have no bans from any bookie and I believe it’s due to the fact that I was a mug bettor for the first few years. I don’t use exchanges btw either; I match on other normal sites.
+0I’ve been sacrificing a goat each month and I’m yet to be banned. Similarly specious reasoning to mug betting and others.
+0El Chico,how do you mean mormal sites not exchanges ?
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On the subject of withdrawls. I never withdrew cash. Still got gubbed. Infact I’ve only withdrew now from the accounts I’ve been restricted from as they are of no use now so that theory is out . Can I ask Tony S. How long have you been matched betting mate?
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Ive been doin it seriously since about February time… Averaging £400-£500pm
Don’t do any of the horsey 2nd place refunds btw
+0I got banned from BoyleSports after doing the last two football matches bet £40 get £20 promo. Never did any mug betting or withdrawals either. I think its the size of the company. Will Hill this month I have done every offer going havent been gubbed and I havent made any withdrawals
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You’ve done well Tony. To go 10 months without a restriction is remarkable. I’ve been 6 months and as I’ve already said banned by a few. But yes I’ve made £3k in that time. Naturally want to keep going a while yet.
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