Arbitrage betting is a popular way to profit from sports betting. However, bettors often face challenges like account limitations imposed by bookmakers. To successfully avoid account limitations in arbitrage betting, it’s vital to understand why bookmakers limit accounts, how to prevent account restrictions, and how to tackle limitations when they arise.
1. Why Bookmakers Limit Accounts: Protecting Profits
Bookmakers limit players’ accounts when they think a player may threaten their profits. In arbitrage betting, players take advantage of differences in odds offered by various bookmakers, leading to situations where a bookmaker loses on a particular transaction. To safeguard their interests and avoid account limitations, bookmakers may impose limits, like lowering maximum stakes or freezing an account.
2. Strategies to Minimize the Risk of Account Limitations
Stay discreet: Avoid drawing attention by placing bets with rounded amounts, e.g., $100 instead of $99.57. This approach helps evade account constraints.
Utilize multiple bookmakers: Having more accounts with different bookmakers prevents account restrictions since you’re less likely to be noticed as an arbitrage bettor. Moreover, if one account gets limited, you can continue betting with other bookmakers to dodge account limitations.
Bet on popular events: Bookmakers are less likely to spot arbitrage bets if they are placed on well-known events with many other bettors, helping to avoid account limitations.
Place smaller stakes: To prevent account restrictions, avoid placing large bets. Instead, bet smaller amounts and spread your investments across more bets.
3. Dealing with Account Limitations in Arbitrage Betting
If your account gets limited, contact the bookmaker’s customer service and ask about the reasons for the limitations. Sometimes, this issue may be temporary and easily resolved.
Consider opening accounts with other bookmakers to continue arbitrage betting and evade account constraints. However, ensure you don’t repeat the same mistakes that led to limitations on the first account.
If limitations persist, collaborate with other arbitrage bettors to share information and resources. By doing so, you can quickly learn about new arbitrage opportunities and take advantage of them before other bettors, helping to avoid account limitations.
To avoid account limitations in arbitrage betting, follow the tips and strategies outlined in this article. Stay flexible, adaptable, and make use of different available options to continue benefiting from arbitrage betting and prevent account restrictions.