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

Discussion in 'Sportsbook Complaints' started by nomepunter, Oct 3, 2016.

    Oct 3, 2016
  1. nomepunter

    nomepunter Dormant account

    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.
     
  2. Oct 13, 2016
  3. prop82

    prop82 Experienced Member

    Occupation:
    Work in office
    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?
     
  4. Oct 13, 2016
  5. Pulver

    Pulver Senior Member PABaccred webmeister

    Occupation:
    Technical
    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:
     
  6. Oct 15, 2016
  7. nomepunter

    nomepunter Dormant account


    That is my point. for the 95 to 98% who lose long term it doesn't matter where they play. A good book will cater to winners as well. I play big stakes at pinnacle because of their high limits. But bet365 i played within their limits. In fact around the time they closed my account, I wasn't even playing close to their limit even though their limits are much smaller than pinnacle but still big for most bettors.

    Bet365 does not care how much you bet. They ban based on how successful you are long term. Most bettors are impulse bettors, they make a deposit and they will lose everything with in a month or two and majority of them lose with in a week. Even if those bettors manage to stay disciplined for a little bit, they will go on tilt as soon as a they go on a losing streak or even a winning streak and will end up losing. If you are the rare breed who can stay disciplined long term and slowly grind out profit, you will be limited after a while. Small players may have long leash but eventually as your profit grows and once they realize that you are a sharp player they will still lock your account or lower your limits to useless amounts. I know a guy who bet $250 to $500 only, he never bet more than $500 on any sports and he only plays singles, never a combo. He made about $20,000 into his 7 month after opening his account and his betting limit was lowered to $50 on all sports. Now he can still bet but once he places the $50 bet, the line would move in his dis advantage. He can bet again on the new line but you lose a lot of line value as they move the line on each $50. He got frustrated and stopped betting with them.

    Bet365 also targets groups that follow successful handicapper. If you use bet365 to strictly follow only the 10 unit picks from bettingresource and no other bets, they would simply close your account. I would be surprised if you they let you play those picks for more than a month.
     
  8. Oct 15, 2016
  9. orion

    orion Experienced Member PABnonaccred

    Occupation:
    wine. We make it.
    Location:
    deep south of Eu
    and this is enough to be taken under attention at most of bookies (bet365 included, of course)
    This is why some times I am placing some senseless combo, knowing perfectly this is wasted money.;)
     
  10. Oct 15, 2016
  11. nomepunter

    nomepunter Dormant account

    You can trick the books like that. Books go by the overall account. If your overall account balance grow steadily without going in the negative and if you show disciplined betting, they will limit you. They know that those little combos are meaning less when you steadily winning thousands each month. Books can categorize your account with in your first 100 bets. After the first 100 bets they will flag certain accounts but will let them still bet without any restrictions. Those flagged account will be monitored and if they continue to be successfull they will slowly impose limits and sometimes even kick you out if you are taking advantage of stale lines.
     
  12. Oct 15, 2016
  13. petro

    petro Dormant account, per user request PABnoaccred2 PABaccred

    Occupation:
    N/A
    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
     
  14. Oct 21, 2016
  15. nomepunter

    nomepunter Dormant account

    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.
     
  16. Oct 22, 2016
  17. nomepunter

    nomepunter Dormant account

    So, from the most biased arm of the liberal-democrat media, comes this Sunday poll:

    You must register/login in order to see the link.

    After all of the BS and manufactured scandal, Hillary only leads by 4 points?

    After the GOP pulls all support for Trump, the Obama's stump hard for Clinton, and the non-stop loop that the Trump tape has been on for the last week? ???

    And only 4 measly points!!!

    Helll, the standard margin of error for any of this polls is 4 points!!!!

    All it takes is some more Russian hacking and a big wikileaks story to surface and Hillary's odds could come down from -600 to -150 before election day. Have you not been following this election at all? It's been big development after development, Trump has weathered his storm, Will Hillary be able to do the same if something fell at her feet in these last few weeks, Who knows?
     
  18. Oct 22, 2016
  19. redsfan

    redsfan Experienced Member webby

    Occupation:
    sales
    Location:
    bishop auckland
    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?
     
  20. Oct 22, 2016
  21. nomepunter

    nomepunter Dormant account

    You did not get my point. Books don't make simple offers like that. What i wrote applies for bets in sportsbooks/casinos. Not fools doing bets with others.
     
  22. Oct 22, 2016
  23. redsfan

    redsfan Experienced Member webby

    Occupation:
    sales
    Location:
    bishop auckland
    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.
     
  24. Oct 28, 2016
  25. lord flashheart

    lord flashheart Experienced Member

    Occupation:
    Lab technician
    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)
     
  26. Oct 28, 2016
  27. nomepunter

    nomepunter Dormant account


    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.
     
  28. Oct 28, 2016
  29. nomepunter

    nomepunter Dormant account

    The reason I deposited $50,000 into bet365.com is because is saw this advertisement for them while watching a tennis match and the ad said that they are the leading/biggest book in uk/world or something along those lines. I checked their domain traffic and they have one of the highest traffic, so i thought they cater to everyone and must have high volume. When i started with i was so happy even though the betting limits aren't as big as pinnacle's because i was able to take advantage of bet365's lines on the picks that i follow. But that happiness short lived as they lowered my betting limit each month. They however don't steal your money. They paid me back my entire balance including all the winnings promptly.

    Yes, Pinnacle is by far the best book for long term winning bettors and big bettors. I only bet/follow the wise-guy picks from bettingresource.com and I bet $5000 flat stakes on each game. Basically about 25 to 30 bets per month. when i first started few years ago, I was only betting $1000 game but i kept compounding the winnings and as my bankroll grew my bet size increased. But I capped it at $5000 per bet and since then i have been withdrawing my winnings. I haven't deposited into pinnacle since my initial deposit of $33,000 that i made few years ago. I withdrew over $250,000 from pinnacle last year and I have already passed the $200,000 mark for this year and each time I request a withdrawal they do it with no hassle. I request a bank transfer and with in a day they remove that sum from my betting account and 2 business days later it will be in my bank.

    The reason that I try other books is because pinnacle almost always has bad line for the pick side that i follow. If i am to bet opposite of my tipster's pick, pinnacle will always have the best lines on those sides! However in other books like bet365 the line that I want to bet will always be better and the other side will be worse but all these books will limit me if I continue to play with them :(

    Pretty much every book (except betcris/boomaker) limited me me to under $100 limit and some simply closed my account and paid me the balance. Betcris/bookmaker is as good as pinnacle but they are not as fast for withdrawals and their vig/juice is not competitive but they are still a stand up book that wont limit you or kick you out if you are winner. Another book that i heard that is good for winners is sbo, i have limited experience with them and they are very similar to pinnacle in what they offer but they are big in asia and from asia. I haven't really tried them to the full scale but might in the future.
     
  30. Oct 28, 2016
  31. redsfan

    redsfan Experienced Member webby

    Occupation:
    sales
    Location:
    bishop auckland

    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.
     
  32. Oct 28, 2016
  33. nomepunter

    nomepunter Dormant account


    I understand but you were quoting my post on a statement that i made towards the guy who said who was going to make a bet on clinton.

    Speaking of clinton, new news today. FBI is opening new investigation to the leaked emails.

    Clinton is 1.30 now in most books.
     

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