bet365

The worst company by far I am on my 5th account.

If you want £3.65 on a 6/4, then they are the firm for you.

You will be restricted if you win more than a score.

All these people who whinge incessantly about account closures do my nut.

Bet365 will actually try and keep your limits just about high enough to keep you interested if you're obviously good at the markets you play.

silverback, thats rubbish. I think 365 are better than many firms in that until you prove you will beat them they lay a decent bet, but one thing for sure with them is when they cut you back there is no half measures. An account always goes from very useful to completely useless with no middle ground.

Very fair with me while others aren't.

I'm beginning to think it's the luck of the draw where each of us get restricted (a few of my mates are completely finished with them while they can get on with the firms where I am fúcked).

Skbet are terrible as are 365, but yes seems odd at times, won a fortune out of boyles for months and only just started restricting, whereas some can go after 1 winning month

Because some punters can make a profit at SP, particularly when they have inside info.

but would a bookmaker not have the opportunity to beat even a winning sp punter by

1) betting their selection on here at (generally) a larger price

2) putting the bet in to the market place, secure a better price, and consequently reduce the sp

THEREFORE A WINNING SP PUNTER IS GOOD NEWS FOR A BOOKMAKER BECAUSE IF THE BOOKMAKER TRADES CORRECTLY HE WILL

"OUT WIN" THE PUNTER!

Thought my post would get you lot going. Probably didn't phrase it quite right though.

King Cally may be right, maybe there's no middle ground - I'm not sure.

Lori is correct in saying you often get limited to next to nothing. But that doesn't mean they do it to all winners.

It is a fact they do not (effectively) close all winning punter's accounts. There are people around who can have a moderate size bet with them and move the price on the selection virtually every time. There's only one possible explanation as to why they keep these accounts open.

I'm sure it depends on a lot of factors: The sports you bet on. Maybe certain chief traders at 365 are more stubborn than others. The way you bet. Systematic bets or bets on the same sort of outcomes each time are likely to be flagged up.

I also think they often work out who you are and who you work for which is information they attempt to use in their favour even if they know it's not your name on the account and they should be closing it. Certain people at certain firms in the industry will be highly respected. And people deemed to work for these people will also be respected.

So I pretty much stand by my original comments. Not all shrewdies are unable to have a bet with them. There's a whole load of factors involved though.

Turtle is bang right.

pmbets.

1. Me.
2. Girlfriend
3. Girlfriends son.
4. Close friend.
5. Close friend.

First four are all restricted and it is only a matter of time before my 5th is also. I wouldn't mind so much but I wasn't even winning!

askari1 Joined: 29 Nov 01
Replies: 399 31 Oct 10 16:48   


I wd be interested to hear from people working for bm s as to how non-winners taking positive expectation bets are stopped. There are obviously ways of identifying these people, but what are the mechanics of checking all bettors' accounts?


They use SAS and a database of oddscomparison data and BF data.

They look at odds comparison data to see if your taking best price, even if by taking best price and you are still a "negative expectation punter", they might decide the expected yield on your account is to small to justify laying any bets. BM's like to have a certain minimun margin as they is still a marging of error with their prices.

likewise they compare your bets aginst BF prices, if you only ever bet when their price is very close to the BF price, they will likewise determine you as either a low yield or negative yield customer.

so basically that's how they determine wether to restict an a account, even if it is a losing one.

obviuosly if any of your bets show up as pure arbs, you will be shut down in no time.

Or another of putting BQ's post, if you aren't a total mug who takes crap prices, if you show any indication of being someone who may win, you will be shut down soon as anything.

BET365 have never been a problem for me, I've been with them for as long as I've been with Betfair (a number of years), they are the only traditional bookmaker I've used in that time and I am a winning punter, often taking out about £500 a time built up with a number of overall winning bets on cricket and football markets. I'm still with them betting as recently as 10 days ago and they've put no restrictions on me whatsoever. I've wandered from the beginning how long they would let me continue and why they do - perhaps it's because I do have losing bets as well as winning bets and it's just that overall I win more than I lose???

bettingquant, thanks.

I had guessed that was the basic m.o., but how do they run these checks against all customer accounts? For an internet firm like Bet 3.65, say, is each and every customer continuously evaluated for the expected return on their bets and whether or not they are potentially a winning customer?

What is SAS? SIS for odds?

If there are arbing opportunities it should be up to the bookie to be fully aware of them and close the opportunity down before they get bitten.
Not close down accounts of people who are smarter and quicker than them to see and exploit these opportunities.
It's called operating in a free and fair market the last time I read any book on markets, economics, capitalism etc.

Would be funny if the bookies had to make it clear on any sort of advertising that if you win we can and probably will close your account!

askari, SAS is powerful stats/database package mainly used for analysing massive datasets, SAS could easily anaylse 5 million bets in less than half an hour on a desktop PC.

The people who do this job are on perfromance related pay on top of their basic package, I'm not sure how the bonus is calcuated but wouldn't be surprised if it's yield based. Typical basic pay is £30-£35k with the bonus between £10-£15k.

FAFH, some companies do go extradorniary lengths to prevents arbs and have invested in the technology to do it. While others do take the attitude, whats the point in spending the money doing this, as these people wont bet with us anyway, so much cheaper to ban them in the first place.

In theory arbers provide the bookie with a valuable service, because it alerts them to their prices being out of line so they can correct them.

The truth seems to be that they often don't want to correct them. They want prices that look good, but aren't really available to everyone. To give an example paddy and lads were offerin 1.5 for a full 24 hours when the other best bookie price was 1.44 and betfair was 1.48-1.49 (On Chelsea to beat Blackburn). They were fully aware that the price was too generous, but deliberately chose to do nothing about it. "we are the best price for x". They then cross subsidise this with crappy prices on other stuff.