Recently we received an email from a distressed reader who after a very short time scale (just 2 months!) employing a strategy based on our Home-Draw-Away article, found that without warning several bookmakers (e.g. Boylesport, Stan James, Expekt, Betway, 888Sport, Sportingbet) cancelled his accounts and literally barred him from their e-premises.
Other bookmakers didn’t close his accounts but effectively also ended their relationship by limiting his stakes to ridiculously small amounts such as 2 € per bet.
Our initial response was that bookmakers are free to choose their clients and accounts belonging to customers who do not satisfy their business model are subject to cancellation. This was half accepted by the reader who stated you can read similar suggestions throughout the Web without ever finding a clear explanation but he was insistent and what he really wanted to know from us was WHY?
Therefore, this article attempts to answer in detail the legitimate question as to why customers are banned by bookmakers or accounts are limited.
However, we cannot promise that our conclusions will be agreeable to everyone because sometimes it is better not to know WHY, as dreams are sometimes all too easily shattered by the truth.
Warning: If you prefer to cling on to aspirations of becoming very rich one day with sports betting then perhaps you should stop reading this article now!
Doubtless, life is more bearable if there is some hope of better fortune involved. The reasons why bookmakers close accounts are banal. Using simple logic to interpret the business approach of bookmakers, the bigger picture almost certainly conveys a straightforward message to the masses of people with gambling dreams. Unfortunately, the truth which evolves is contrary to the popular belief system of becoming rich from betting.
Soccerwidow’s survey results for the question “Do you make money with betting?”
This poll has been present on the Soccerwidow site for many months. Let us take a look at the current vote scores to discover whether readers admit to making money from betting:
So far (as per November 2012), the survey has accumulated a total of 832 votes. Although this is a fairly representative sample, we cannot claim any scientific significance as it has not been carried out under controlled conditions.
Unfortunately, the survey also has a design error. It contains the option, “I make a living from betting”, but fails to quantify voters’ winnings over and above £5,000 (English site) or 5,000 € (German site). Therefore, we have to accept that anyone regularly winning more than £5,000 or 5,000 € per annum had no other option but to tick, “I make a living from betting”. Of course although this is insufficient for survival in most European countries, our readership is worldwide and it may be that 5,000 currency units is enough to live on in some countries.