The BBC’s Radio 5 have been “investigating” something that many punters have known for a long time – the fact that online bookmakers can and will restrict the bets of some punters. This isn’t something that happens to most of us, even if we do win. But for the biggest winners, you can find the amount you’re allowed to bet is restricted.
The BBC report states:
Neil Smith a teacher from Yorkshire says he’s had around 450 online accounts closed. One bookmaker restricted the amount he could bet, and only allowed a 10 pence bet on a 4/1 horse.
He said: “They will just say: ‘Sorry our traders have deemed your betting pattern to be unprofitable and we’re a business’.”
I’m sure that Neil, if he is an experienced punter, will already know that this really isn’t a problem. Punters who win all the time simply sign up at Betfair. When you use the Betfair exchange, you are betting against other people, not the house. Therefore you can win as much as you like, and Betfair don’t care.
You can listen to the full Radio 5 clip below.
If you’ve had a problem yourself with getting your accounts closed or having bets limited, then Betfair exchange is the answer to your problems. They will never refuse a bet or cancel an account, because it makes no sense for them to do so. You’re not winning their money, all the money comes from other users.
Click below to open a Betfair account and find out more about the exchange.
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