Will books kick me out If i use this money management?

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curt
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curt

Will books kick me out If i use this money management?
« on: September 11, 2018, 04:01:10 PM »

1unit=0.3%, 2unit=0.6%, 3unit=0.9%, 4unit=1.2%, 5unit=1.5%, 6unit=1.8%, 7unit=2.1%, 8unit=2.4%, 9unit=2.7% and 10unit=3%. Now that we release only the 10 unit picks, the rest of the scale does not matter--you will simply bet 3% of your bankroll on each bet.

If the bet wins, the winnings will be compounded and bet size will increase accordingly. If there is losing, the bet size will remain same as previous bet until new high is reached in bankroll.

I started with 10k bankroll using this method and made it to 20k in less than 2 months. I only bet major markets (no props or small leagues). I was introduced to betting only recently and I have been doing some research and came across some troubling complaints about books refusing to pay winning bettors. I tested a 2k withdrawal to check and it arrived promptly after some verification process.

When I got into betting, my goal was to compound winnings until my bankroll reaches 100k then play with fixed unit size instead of compounding. Do you guys think books will kick me out? Every book has a rule that says that they can refuse payment or close account anytime if they wish and when I joined the book in question, i clicked accept to those conditions.

I asked the book in question about my betting method and money management and they assured me that its safe. But i am not sure if I feel safe because I read the entire rules now and basically they can kick me out and refuse payment if they want and legally i cannot do anything. I didn't real the rules before when i started, I simply clicked accept without reading them  :-\

I have paused my betting until i do some research on this. I searched online communities and found this site and few other sites where i posted the same thing to get opinions. Any tips is appreciated. Is it bettor to have a lawyer monitor everything while i bet or should I just do it myself? I thought it was simple as if you lose you lose, if you win you collect.

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dealer wins
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dealer wins

Re: Will books kick me out If i use this money management?
« Reply #1 on: September 11, 2018, 05:52:09 PM »

Reputable books wont cause you any issues.  But if you are paranoid then just use Betfair or Matchbook exchanges, where all bets are against other people rather than the book.
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kustef
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Re: Will books kick me out If i use this money management?
« Reply #2 on: September 11, 2018, 09:54:04 PM »

Reputable books wont cause you any issues.  But if you are paranoid then just use Betfair or Matchbook exchanges, where all bets are against other people rather than the book.
I beleive not.. Just try to win big there.. they will sort you out very quickly .. when market makers losing, they are not happy ;)
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DPG
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Re: Will books kick me out If i use this money management?
« Reply #3 on: September 11, 2018, 10:12:16 PM »

If you win at matchbook and beat their market makers they will give you trouble with account verification process, then they will charge you 2% withdrawal fee, force you to withdraw to skrill and in the end close your account like they did to me.

Betfair has huge premium charges.

Pinnacle and the big Asian bookmakers is the only way if you want to win and have no problems.
« Last Edit: September 11, 2018, 10:15:40 PM by DPG » Logged
campeones
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Re: Will books kick me out If i use this money management?
« Reply #4 on: September 12, 2018, 06:01:57 AM »

If you win at matchbook and beat their market makers they will give you trouble with account verification process, then they will charge you 2% withdrawal fee, force you to withdraw to skrill and in the end close your account like they did to me.

Did that happen to you? Very interesting.
Is it too much to ask how you beat their market makers? What exactly do you mean with beating their market makers?
What if you use an agent like AsianConnect for a Matchbook account?
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kouklamou
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Re: Will books kick me out If i use this money management?
« Reply #5 on: September 12, 2018, 07:25:55 AM »

Re Betfair, can we confirm this?

IF you win in normal fashion(zero arbing), no adverse action.

PS Campeones:

In theory you bet vs other regular bettors, in practice it's often vs individual seeders who provide liquidity / create markets even for unpopular choices. Hypothetically, an arber bets all outcomes with a guaranteed profit-- nobody in the world wants to put up funds for guaranteed loss.
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pythonic
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Re: Will books kick me out If i use this money management?
« Reply #6 on: September 12, 2018, 01:10:38 PM »

Re Betfair, can we confirm this?

IF you win in normal fashion(zero arbing), no adverse action.

PS Campeones:

In theory you bet vs other regular bettors, in practice it's often vs individual seeders who provide liquidity / create markets even for unpopular choices. Hypothetically, an arber bets all outcomes with a guaranteed profit-- nobody in the world wants to put up funds for guaranteed loss.
"""
Premium Charge Summary
You will only be considered for the Premium Charge if, over the lifetime of your account, you satisfy the following criteria:

Your account is in profit;
Your total charges generated are less than 20%† of gross profits; and
You bet in more than 250 markets.
Two further conditions reduce the likelihood that you will be required to pay the Premium Charge:

Any single win that constitutes more than 50% of your gross profits over the lifetime of your account will be excluded from the calculation; and
Each customer will have a lifetime allowance of £1,000 against the Premium Charge.
Each week the customers who meet all the conditions set out above will be charged the lesser of:

The difference between 20%† of the previous week’s gross profits and the total charges generated during the week; and
The difference between 20%† of gross profits and the total charges generated during the lifetime of the account.
"""
https://www.betfair.com/aboutUs/Betfair.Charges/

Basically if you consistently win and pay very little commission then betfair will make sure that you pay at least 20% of your net winnings in commission/premium charge.
There is also a higher premium charge but this only kicks in if your lifetime winnings exceed 250k.

But most arbers won't be affected by the premium charge anyway.
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cortomaltese
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Re: Will books kick me out If i use this money management?
« Reply #7 on: September 13, 2018, 10:26:45 AM »

1unit=0.3%, 2unit=0.6%, 3unit=0.9%, 4unit=1.2%, 5unit=1.5%, 6unit=1.8%, 7unit=2.1%, 8unit=2.4%, 9unit=2.7% and 10unit=3%. Now that we release only the 10 unit picks, the rest of the scale does not matter--you will simply bet 3% of your bankroll on each bet.

If the bet wins, the winnings will be compounded and bet size will increase accordingly. If there is losing, the bet size will remain same as previous bet until new high is reached in bankroll.

I started with 10k bankroll using this method and made it to 20k in less than 2 months. I only bet major markets (no props or small leagues). I was introduced to betting only recently and I have been doing some research and came across some troubling complaints about books refusing to pay winning bettors. I tested a 2k withdrawal to check and it arrived promptly after some verification process.

When I got into betting, my goal was to compound winnings until my bankroll reaches 100k then play with fixed unit size instead of compounding. Do you guys think books will kick me out? Every book has a rule that says that they can refuse payment or close account anytime if they wish and when I joined the book in question, i clicked accept to those conditions.

I asked the book in question about my betting method and money management and they assured me that its safe. But i am not sure if I feel safe because I read the entire rules now and basically they can kick me out and refuse payment if they want and legally i cannot do anything. I didn't real the rules before when i started, I simply clicked accept without reading them  :-\

I have paused my betting until i do some research on this. I searched online communities and found this site and few other sites where i posted the same thing to get opinions. Any tips is appreciated. Is it bettor to have a lawyer monitor everything while i bet or should I just do it myself? I thought it was simple as if you lose you lose, if you win you collect.

imo what will possibly get you limited is what you are betting mainly and after the stake you are using. Meaning if the odds you are taking are soft (better than the ones offered by Betfair or pinna) then your account will be limited regardless your stakes .
If however you can find better odds in Betfair , pinnacle or asians then why not  bet there and forget any limitation ?
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DPG
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Re: Will books kick me out If i use this money management?
« Reply #8 on: September 13, 2018, 08:58:45 PM »

If you win at matchbook and beat their market makers they will give you trouble with account verification process, then they will charge you 2% withdrawal fee, force you to withdraw to skrill and in the end close your account like they did to me.

Did that happen to you? Very interesting.
Is it too much to ask how you beat their market makers? What exactly do you mean with beating their market makers?
What if you use an agent like AsianConnect for a Matchbook account?



I used to win loads arbing them on certain markets.
Good point about using an agent but then there is the problem of deposit and withdrawal fees and plus I am risk averse and wouldn't be comfortable with a large balance with a 3rd party.
« Last Edit: September 13, 2018, 09:01:52 PM by DPG » Logged
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