Photo: asim alnamat

Do bookies close winning accounts?

Bookmakers are businesses. They essentially HAVE to make a profit, otherwise, they cannot operate. There's nothing wrong with that, it's the basic business ethic, and any punter who shows a trend of making a profit is usually first restricted, and then ultimately their account is closed.

olbg.com - Bookmakers Closing Accounts: Why They've Got it Wrong - OLBG.com

What happens if we gamble all the time?

Fact: Problems caused by excessive gambling are not just financial. Too much time spent on gambling can also lead to relationship and legal...

Last updated Feb 13, 2020

Can your brain form new faces?

It may seem that way, but it is impossible. It is believed that the human brain is incapable of “creating” a new face. Every person you dream of...

Last updated Dec 26, 2019

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

Bookmakers are a business, yes, but that business is unlike any other business. In every race or every betting event, bookmakers lose money to those who succeeded in picking the correct outcome. The profit comes from the amounts they have won from those who picked the losers. It's the very basic concept of bookmaking - if you balance the book, you will win no matter what the result is.

So why should it then matter WHO wins the money?

Smaller, one-man shops and independents don't have the amount of turnover to achieve a balanced book, but the major chain and Internet bookmakers (Ladbrokes, Coral, William Hill, Bet Victor.) easily have the ability to do this. They have always had the practice of sending money to the source in order to affect the odds of certain participants.

Bookmakers Bookmakers make money whatever the result

In days gone by, bookmakers would take information on bets reported by individual managers in shops and have their on-course representative send money round the course bookmakers to reduce the odds of the best-backed horse(s) in any given race.

Nowadays this can almost be done by one person.

The Internet and computer-networking allow bookmakers the ability, at the touch of a button, to see their almost-global liabilities in any event, and to almost instantly back or lay on the exchanges, thereby keeping their books balanced. This then filters directly to the course bookmakers, who rely almost solely on the betting exchanges, who then alter the odds accordingly, which in turn will be reflected in the Starting Prices.

So the question remains: if the books can be more easily balanced than in the days of the older, manual system, why close accounts?

Closing those 'losing' accounts only serves to reduce turnover.

Once bets are placed they form part of the book, a book that is aimed to be balanced every time. If so-called 'profitable' punters place bets, that would be an advantage to the bookmaker, as it would then allow them to know which ones to reduce the odds on, and which ones to extend (see 'A Story' below). 'Profitable' punters are not a bad thing for any bookmaker who can balance a book. Making A Profit I assert that profitable punters are not a bad thing for bookmakers. It simply should not make any difference. That it happens is the result of number-crunching. The assumption is; X won £500 last month, so if we close X's account, we will increase profit by £500. WRONG. It's a false deduction.

What does match result 1X2 mean?

Well, 1X2 betting is mostly popular in football and involves betting on the result in a match with three possible outcomes, which are home win,...

Last updated Oct 30, 2018

What are the 9 sites of pulse?

Radial artery. Radial side of wrist. ... Brachial artery. Medial border of humerus at elbow medial to biceps tendon. ... Carotid artery. Press...

Last updated Feb 7, 2022

Promotion

What hits more often over or under?

If games went over or under much more often than the other, sports betting would be easy, wouldn't it? The betting market is pretty good at creating accurate totals to split both sides 50/50. But in most sports, games do go under slightly more often. It's not enough to beat the vig and be blindly profitable, though.

actionnetwork.com - Do Games Go Over or Under More Often in Sports Betting?

If games went over or under much more often than the other, sports betting would be easy, wouldn’t it?

The betting market is pretty good at creating accurate totals to split both sides 50/50. But in most sports, games do go under slightly more often. It’s not enough to beat the vig and be blindly profitable, though. Here are over/under betting records for six major American sports in their last five seasons. It includes both the regular season and playoffs, but not the preseason.

Over/Under Results Last 5 Seasons

Records listed as overs, unders, then pushes. Updated July 6, 2022.

Sport O/U Record Under Win % NFL 644-700-11 52.1% NBA 3506-3471-84 49.7% NHL 3565-3575-450 50.1% MLB 5639-5827-549 50.8% NCAAF 1910-2045-54 51.7% NCAAB 11187-11229-283 50.1% It’s human nature to root for points and offensive success instead of rooting for offensive ineptitude. So the betting market tends to price totals slightly too high. Your bet is also never technically dead when you bet an over — there’s always a chance the game goes to overtime, or there’s a flurry of late scoring to push it over. The NBA is the only sport over the last five years to have more overs than unders.

But what about historically? Sports change, and totals change along with them.

The average NBA total was 220.4 in 2021.

In 2010, the average total was 199.

Here’s the over/under record for each sport since 2005.

Totals Since 2005

Records listed as overs, unders, then pushes. Updated July 6, 2022.

How do you not lose a football bet?

Beginner's Methods Of Winning Bets Without Losing Carry out Extensive Research. ... Avoid Overconfidence. ... Make use of a Handicapper. ... Avoid...

Last updated Jan 4, 2020

What is a 20x playthrough requirement?

Wagering requirements are usually expressed as a multiple of the bonus amount. For example, if you receive a $100 bonus with a 20x wagering...

Last updated Mar 31, 2022

Promotion

What is a joker in poker?

What is a Joker in Poker? The jokers are two extra cards added to a deck of cards generally with pictures of court jesters. They are sometimes used...

Last updated Mar 16, 2020

Promotion

How do you win a handicap bet?

A handicap bet is a kind of bet where the weaker team is given an advantage in terms of goals so as to level the playing ground. Likewise, the...

Last updated Apr 26, 2020