Bitch and Moan Bet365 is not a book for Long Term winning bettors...

nomepunter

Banned User
Joined
Oct 3, 2016
Location
Dildo, New Foundland
This book is horrible. I don't understand the hype behind this book. I cannot believe this book is considered one of the leading bookmakers in Europe and asia or even the entire world by some.

I routinely make $5000 bets on american sports (MLB, NHL, NBA, NFL, NCAAF and NCAAB) and pinnacle is the book that gets 80% of my action with reminder going to mostly betcris/bookmaker. Most of the other books either limit my account to max bet of $50 or less or in some cases close my account saying that I am no longer welcome to play there. Pinnacle and cris family books are the only books that has done zero restrictions after winning with them for many years. I have been with pinnacle since 2007 and I have had 6 figure profit year for all years after 2010. Last year I made close to 200k from pinnacle and not a single restriction from them on my account to date. When I started with pinnacle back in 2007 my max bet size was $500 over the years it grew and by 2010 i was already making $5000 bets. Since then I have kept my max bet size same because some of the college events that I bet has max bet close to $6k and I don't like to hammer them again and again.

This summer i was on a trip to London and there bet365 was considered the biggest books among the people that I met. THey even run adverts on tv all the time. I have heard about them before my trip but didn't know they are so big in europe, infarct they are considered to be one of the biggest in the world. Anyways, to make long story short, when i got back form my trip I emailed them and asked if they would be able to cater to my betting needs because I didn't want to waste my time joining and going through all the verification process only to get limited or shut down after winning for few months. They responded saying that I am welcome to join and that they sustain my betting habits. It was an utter lie. I deposited 50k and completed all the verification with in few days. When i was ready to bet I realized that their limits, especially on NCAA sports is very low. It was summer time and baseball was the only sport i was betting and it had higher limits but still much lower than pinnacle's ridiculously high limits. I couldn't place a wager over $2000 in baseball with bet 365.

After 1 month of betting and turning my 50k into only 59k, my limits were lowered from $2000 to $1000. Another month passed, and my account was close to 70k and by now my limits were $500. At this point i got fed up and sent them an angry email, a reply to one of my earlier conversation with them before I joined. 2 days later they responded saying that when i joined i agreed to their rules/agreement that they can limit players whenever they want or shut them down and that is what they did. They told me that i am not welcome to play there anymore. All this was because I made about 20k in 2 months and they are considered one of the biggest book in the world!!! It is a total joke. They only want losing bettors. If you are a winner you are not welcome.

BUT THEY ARE NOT SCAM. They did return all the money that i deposited plus the winnings. I just think its pathetic that they are considered one of the leading books in the world. They are no where close to that. Thank god for pinnacle. I hope they never pull out of canada.
 

prop82

Experienced Member
Joined
Aug 21, 2015
Location
Germany
I think for the large majority of people bet365 is a very good bookie.
The betsizes you play with are really high i think and so if you are on winning strike you get limited.its not fair in some way but most bookies would do so. Good for you that pinacle doesn't. ...
Most ridiculous thing i have seen happened with my betsafe account.. after winning 90€ from a 30€ bet they limited my account.could just place bets between 5- 10€...
Congratulations to your lucky hand when betting...could you please post your picks for the next weeks somewhere?
 

Pulver

Senior Member
webmeister
PABaccred
Joined
Aug 5, 2009
Location
Tellus
I agree with Prop82, Bet365 is a good bookie for 95% of the bettors out there, but for winning high rollers, not so much. This is not something special for Bet365 however, a lot of bookies are going to limit you if you are profitable over time.

I understand your frustration, I have been limited my self (for much smaller bets than what you are placing) and it sure is annoying. Good thing that you get to place your bets with Pinnacle. :thumbsup:
 

petro

Dormant account, per user request
PABaccred
PABnoaccred2
Joined
Nov 28, 2010
Location
Narnia
Bet365 advertise in the Australian Football League.
I don't know why, they are not really an Aussie bookie...

I went to Bet365 recently and asked if they were taking bets for the American elections.
I figure Hillary is a shoe-in and putting a few k on her would be profitable.
Last I checked she was paying 1.16
 

redsfan

Experienced Member
webby
Joined
Aug 16, 2013
Location
bishop auckland
Never ever bet few thousands to win few hundred dollars. When you place bets in those odds you would have a sense of winning a lot as you win more bets but long term you would end up losing overall. These heavy favorite lines also have much higher juice/vig than regular lines, so you are really getting an unfair line.

To win long term you have to be selective and play value lines.

You are more like to get a much better return by splitting those few thousands into batch of thousands and placing the bets on the wise-guy picks from Bettingresource.

Foolish quote

If I bet 1.16 with you that in four tosses of a coin, at least 1 head would appear, who would have the edge?
 

redsfan

Experienced Member
webby
Joined
Aug 16, 2013
Location
bishop auckland
Never ever bet few thousands to win few hundred dollars. When you place bets in those odds you would have a sense of winning a lot as you win more bets but long term you would end up losing overall. These heavy favorite lines also have much higher juice/vig than regular lines, so you are really getting an unfair line.

To win long term you have to be selective and play value lines.

Thats what you said. Why would you end up losing overall. If you get the value line, you will win long term. If you can get 2.02 heads or tails, you will win long term.

1/6 can be value as can 1/20 1/50 1/100.

The success of a gambler is getting the value odds because you will win long term.
 

lord flashheart

Experienced Member
Joined
Mar 20, 2015
Location
UK
The majority (if not all) sports betting sites with a UKGC license only want recreational players - for example, they want their customers to deposit £10 - £20 per week and placing bets on accumulators & scorecasts.

Your initial deposit of 50k would have immediately flagged your account as potentially high risk and would likely to have been manually watched for each bet you placed.

The days of catering for big punters / professionals are long gone in the UK. You would have needed to have been around once they all started their online operations for this. The big UK bookies allow certain pros to bet with them, so they can adjust their lines / follow them and rectify any mistakes made by their piss poor traders.

Anyone now that takes value, follows a tipping service, does matched betting etc.. can almost certainly wave goodbye to their accounts fairly quickly nowadays. If your first bet is a value bet no account will last very long.

Luckily you have access to pinnacle - who I have never heard of limiting anyone (i believe they state that they won't impose or lower limits)
 

redsfan

Experienced Member
webby
Joined
Aug 16, 2013
Location
bishop auckland
Yes, but what I said was in respect to the Hillary bet that you said that you were going to bet. At those odds, you really lost the value on Hillary even though it looks like she is in good shape to win. Late last year the odds on Hillary was over 1.50 and if you waited till 1.16 you really have lost a lot of value and missed the boat even if the bet wins. In the long term if you keep missing the good odds and make at incredibly lower odds compared to what it was before, you would end up losing.

Right Hillary odds have no value....its a heavily inflated line with all the media bias. And you never know what incriminating things might come out of the emails. In fact, there might be some value in Trump now for a small bet because its can't get any worse for trump as we have seen it probably all the dirt on him but hillary still needs to hold a clean image till election day.


I suggest you re read the thread. I have never ever said I am betting anyone. I am simply illustrating that to say betting 1.16 shots or lower is bad value is wrong. I never quoted Clinton or anthing except a toin toss to help explain my perception of value.
 
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