Is it legal for a bookmaker to close an account ,how to avoid it

2021-10-27 12:03:00 1552

Why Bookmakers Close or Limit Accounts?

Advantageous players complain that their accounts are blocked by websites or are severely restricted. What is the reason behind this unexplainable practice? Read on to find out what caused your account to be blocked.

In the past two decades, the popularity of the Internet has forever changed the situation of sports and gambling, making online betting the most popular way of betting.

As more and more websites release historical data and statistics to the public, more and more well-educated people are turning to sports, not only as a form of entertainment, but also as a means of earning a living.

The main indicators that mark an account and may cause bans and severe restrictions are: the size of the bet amount, free bets and bonuses, user behavior and profit.

Professional players have a deep understanding of the mathematics of analyzing games and try to make long-term profits by using arbitrage strategies and hedging bets.

Although contrary to their claims, there is a common practice in mainstream websites that cannot be stated explicitly, trying to exclude winning players from their business, which is to block or strictly restrict winning accounts.

Some websites have reached the point of canceling accounts on their websites and actually banning profitable players, while others have effectively gotten rid of the relationship by limiting the bet to a ridiculously small amount of $2 per bet.

Is It Legal?

In short, it is not illegal for a sportsbook to limit your account, close your account or not accept your wager. Even though a sportsbook might advertise a bet with specified odds, they are under no obligation to accept your wager. Said differently, you can’t force someone to take a bet.

While this might be a tough pill to swallow, it is the truth. We’d suggest that you read our section below relating to tips for avoiding having your account limited. There, you’ll find lots of helpful guidance on how you can try to limit your chances of having your account limited since the sportsbooks are within their legal right to do it if they see fit.

Is It Ethical?

Now that you know that it is not illegal for a sportsbook to close your account, limit your account or not accept your wager, you might be wondering to yourself if it is ethical on their part. It is important to remember that sportsbooks are in the business of making money. To protect their profitability, they will take actions from time to time that might seem unethical or unfair to the end users. Ultimately, sportsbooks are free to accept or deny wagers from any client based on their own determinations.

Tips to Avoid Having Your Account Limited

In this section, we wanted to provide you with our top tips on how you can avoid having your betting account limited or closed. While none of these are fail-safe methods; these are all great to keep in mind as you place your sports wagers. Using this information, you’ll be able to better protect yourself from dealing with a limited or closed betting account.

Bet Round Numbers

One of the biggest tips that we have for you to help keep your betting account from being limited is to bet in round numbers whenever possible. By round numbers, we mean that you’ll want to place a wager of $55.00 rounded to the dollar. What you want to avoid doing is placing a wager of $55.47. If you’re not using round number wagers, you’re likely to be flagged as a potential arbitrager.

Start Small

Sportsbooks, in general, are not huge fans of professional sports bettors. In general, professional gamblers tend to take out more money than they put in. That means that the sportsbooks are typically losing on professional gamblers. It is due to this likelihood of losing that sportsbooks don’t like professional sports bettors.

Assuming you’re not a professional sports bettor, you’ll want to make sure to do your part to not look like one. To accomplish this, one of the things that you’ll want to do is ease your way into betting when you’re new to a sportsbook. What you’ll want to avoid is coming in with a massive deposit and then begin making massive wagers using more complicated bet types.

Our suggestion would be for you to begin with a modest deposit and then begin to start with some smaller and simpler wagers. The good thing is that this allows you to get a feel for betting on the sportsbook platform while also keeping your account from being flagged as a potential professional gambler.

Cash Out and Deposit Less Often

Every time that you deposit and withdraw funds from your betting account, it costs the sportsbook a fee through their bank or payment processor. While it is ok to make deposits and withdrawals as needed, your goal should be to make sure that it doesn’t become too frequent. Sportsbooks will be less likely to limit your account if you do not cost them an arm and a leg in fees.

Many sportsbook bettors like to withdraw their earnings after every time they win a bet. Some do this just because they like the thrill of getting the cash into their own account. However, others do this because they are worried about the temptation of keeping too much cash in their account. These individuals are worried that they might spend it if it is there.

Our suggestion is for you to limit how much you have to deposit and withdraw from your sportsbook account. By no means do you have to aim for something wild like once a quarter, but you should make sure that you’re also not doing it once a day. In short, the less frequently that you deposit and withdraw from your account, the less likely it is that you’ll find your account limited or closed.

Make Smart Use of Promotions and Bonuses

As we mentioned earlier, you’ll want to make sure that you use the bonuses and promotions wisely. Specifically, you need to make sure that you use some of them, but also be sure not to abuse them. There is a fine line between none and too much when it comes to bonuses and promotions.

On the one hand, you’ll want to make sure that you take advantage of some of the bonuses and promotions that are offered. First, these are often great ways to pad your account with some extra cash. We’re assuming that you, like us, also like free money! Secondly, if you don’t use any of the bonuses and promotions, your account might be flagged as a potential professional gambler. In many cases, professional gamblers come in with a game plan and use bonuses and promotions 

Topic Beginner-GuideBetting-EssentialsBetting-StrategiesFinancial Management