Can you get banned from the exchanges?

Hi,

I am looking at a form of betting called Martindale betting in the football market….now before the experienced guys amongst you shoot it down I am well aware of the risks involved. I have read all about not chasing losses already on forums etc. I am looking at ways to make it lower risk / least liability and have made a spreadsheet, which appears accurate. I am going to do some test runs on it and if successful I will share it on here, for those who are interested. If you hear nothing of it, then assume it has failed! Lol

My question is, by continually chasing your losses betting on the same market, is it possible to banned from Betfair or Smarkets? It isn’t their money that is being won or lost, they just take Commision.

+1

beakerh
3

June 30, 2016 at 11:08 am

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nick2punt 11 June 30, 2016 at 11:12 am

No! They are peer to peer. At worst you will end up paying the Premium Charge on Betfair.

+0

mike j 11 June 30, 2016 at 1:43 pm

As above. You won’t get banned. I know you said you don’t want to be shot down but the martingale system only works if you have unlimited funds. You will also most likely run into the issue one day of there not being enough liquidity in a market when your making massive bets.

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beakerh 3 June 30, 2016 at 2:11 pm

Cheers for the feedback. I know it won’t be everyone’s idea of trying to make some money. I have been looking at it a while now, something I have wanted to do. The spreadsheet is in place and going to do some practice runs, starting with the Poland Portugal game tonight. I’m going to look at laying the overs goal market. Main thing I’m interested in is the odds when a goal is scored late on, 80 mins +.

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Jdrobbo
Blocked
7 June 30, 2016 at 3:02 pm

Go to a casino and bet and black or red.
You will lose all your money quicker and then you can get on with the rest of your life.

+5

mike j 11 June 30, 2016 at 3:26 pm

Good luck

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Pickle 58 June 30, 2016 at 5:19 pm

Actually going to a casino would be better as they wont take either 2% or 5% when you do finally get your win. I would be interested in reading more about your theory though.

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supert 5 July 1, 2016 at 12:27 am

If you are asking questions like that you should be banned from this forum pal 🙁

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beakerh 3 July 1, 2016 at 7:53 am

Not really worth getting banned from the forum for asking this question, that’s what it is here for! Iv seen a lot worse questions / comments (like yours). All bookies ban / gub you for exploiting systems so it may have been the same with exchanges. Just because it isn’t their money you are winning they may ban you for trying to exploit systems.

+1

FoG_BLoG 49 July 2, 2016 at 10:28 am

Martingale is a stake management system. You can’t turn a negative expected value game into profit by just tinkering with your stakes. You can however turn a winning strategy into a loser by using martingale staking system.

Read this comparison of staking systems.

https://www.pinnacle.com/en/betting-articles/betting-strategy/staking-one-method-to-improve-your-betting

And here is a practical story of what would happen if you applied something like martingale to premier league betting.

https://fog2014.blogspot.ie/2014/07/the-story-of-martin-gale.html

Anyway to answer your question. You won’t get banned from the exchange. I doubt you would get banned by the bookie either though but their max stake limit would probably mean that you will hit a point where you won’t be able to stake enough to win back your losses.

Don’t get over excited on initial success of your strategy. That is how martingale wins. 99% of the time you might maintain your small target profit. But the one time you fail you will lose 1000’s…. It will wipe out all the positives of the system. You think 1% will never happen to you. But of course it will in time.. It could happen on the first week or the hundredth week or even the 200th week but it will happen and it will break you.

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