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Reasons for Bookies not to accept you
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lazystakes
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Joined: 26 Apr 2007
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Location: Hertfordshire

PostPosted: Mon Apr 21, 2008 6:11 pm    Post subject: Reasons for Bookies not to accept you

I was just pondering some stuff early when checking max bets on some premiership games on Bet365

And on single premiership games the most they will allow you to win without reffering you to a trader is $10'000 (that's profit)

the stake can be anything but the profit you return is limited to that , and although i do not make such bets myself some people out there must such as proffesional gamblers etc..

Could a bookie be in his own rights if he refused to stop taking your bets if you became succesful at winning at that level or can he only reduce the max bet

Would they worm they way out some how, non english resident, make problems for deposit and withdrawl methods? or just cut you off ? can they do this !
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SuperCat
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Joined: 01 May 2007
Posts: 141
Location: London

PostPosted: Mon Apr 21, 2008 6:13 pm    Post subject:

Of course he can!

A bookie can accept what bets he wants and close what accounts he wants!
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lazystakes
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PostPosted: Mon Apr 21, 2008 6:16 pm    Post subject:

this wouldn't be the case for Betfair would it though as they win regardless as your betting against other gamblers and they get there 5% cut ?

So larger bets are better put on at Betfair ?
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betking
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Joined: 26 Feb 2007
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PostPosted: Mon Apr 21, 2008 6:26 pm    Post subject:

Larger bets are best placed at Betfair (assuming there is enough liquidity of course). Plus you can trade out and secure profit if needed/wanted.

But yeah, if you regularly win at a regular bookmakers they can/will refuse to take bets from you or severely limit your max stake.
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alfran
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Joined: 09 Apr 2008
Posts: 69
Location: Winchester, Hants

PostPosted: Mon Apr 21, 2008 7:56 pm    Post subject:

Unless bookies are suspicious of you for some reason (insider info or suspicious betting patterns), it is very, very unusual for them to turn ANY bet away. As far as very large bets are concerned, either single stake or possible pay out on a long shot/multiple they have their individual ways of dealing with these.
You need to remember that although with these very large bets it is common for smaller bookies to 'spread' their risk with other bookmakers, most high street names are now such huge multi million pound conglomerates with other businesses involved in their corporate, they can handle most individual bets. As some of them also now own large chains of hotels, casinos, leisure centres and theme parks in this country and abroad and have daily takes of many many millions, they are very capable of handling the odd very 'big' loss on quite a regular basis.
I believe you will also find that it is an 'unwritten' law amongst most professional gamblers that they have multiple accounts with many different bookmakers rather than constantly 'hit' just one or two. That is NOT considered to be sporting!
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