Why bookmakers close or limit accounts
Have you ever come across someone whose betting account has been closed or limited? Well, if you have never, you should know that bookmakers do this all the time. From time to time, bookmakers close betting accounts that seem to always win money for whatever reasons. The goal why bookmakers do this is to protect themselves against the losses they make when a bettor wins too much money frequently.
When your account becomes limited, it means that you cannot do certain activities with it. For instance, the bookmaker may limit the amount of money you can wager on games or the number of bets you can place in a given day. At the end of the day, the limitation prevents you from winning the way you used to before it was imposed on your account. If a limited account continues to win money even with the limitation, a bookmaker may decide to close it entirely. Besides winning too much, below are some of the additional reasons why bookmakers limit or close accounts.
Bonus and promotion abuse
One instance that may be considered as an abuse of bonuses and promotions is if you only wager on promotional offers. Betting using promotional money and bonuses makes your account not profitable to sportsbooks, especially if you continuously make a lot of money from such bets. Most sportsbooks will place an increased level of attention on your account before they decide to limit or close it.
There is no single sportsbook out there that like arbitrage and if you engage in this kind of activity using your account, you will most definitely end up on their bad side. Arbitrage is where a bettor places wagers on both outcomes of an event. This usually happens when there is a huge gap between the odds at two different sportsbooks. If there is a huge enough gap between the odds, you can make money regardless of the results of the game if you wager on both outcomes.
When you engage in arbitrage, the sportsbook does not make any money and that is not something they like too much. As such, sportsbooks are always on the lookout to identify accounts that are involved in arbitrate and close or limit them.
Potential more than one account
Opening two different betting accounts is not something that betting companies like. If they realize that you have two accounts, they will close or place limitations on both of them. People mostly open two accounts when they intend to abuse promotions and bonuses. Thus, to be safe, you should only maintain one account with the various sportsbooks you use. check out esport betting to learn more about sports betting.