Bet365 penny accounts

Pages: [1] 2 3
Author Topic: Bet365 penny accounts  (Read 2356 times)
neopas
Becoming a Pro
***

Karma: 11
Posts: 228


View Profile

neopas

Bet365 penny accounts
« on: May 12, 2020, 03:19:04 PM »

Could someone explain what a penny account is and where we could find them? This could be a solution to many problems.
Logged
arbusers
Administrator
Totally Pro
*****

Karma: 411
Posts: 4163



View Profile WWW

arbusers

Re: Bet365 penny accounts
« Reply #1 on: May 12, 2020, 06:49:38 PM »

I believe we discussed that previously in our forum, but it seems we must elaborate a little.

Penny accounts can be found in countries where gambling is forbidden or very much regulated. In these countries, you can't bet in Bet365 or any other decent bookmaker or exchange. But you can bet in underground agents that offer lines to players. Many of them are also offering penny accounts.

The reason why everyone prefers Bet365 and not WilliamHill or Pinnacle is because Bet365's layout is simple and understandable even from kids. Here is another field where Bet365 is pioneering.

So the client receives a real Bet365 account with an initial deposit of 1-10 euros (these are random figures). The client pre-deposits a large amount of money to the agent, usually via the cash market. He then places his bets in the Bet365 account, but all bets are leveraged. For example, if the leverage is x100, placing a bet of 1 euro in the Bet365 account is equal to a bet of 100 euro in agent's balance. At the end of each month, or at the end of any squaring period, the agent is checking the account. If the client wins 10 euros, the agent adds 1000 euros to the cash balance of the client. If the client loses 10 euros, the agent deducts 1000 euros from the cash balance.
Usualy the agent and the client agree from the very start what markets will be used, and if the client bets on a forbidden (by the agent) market, no winnings will be credited.

No-one cares if Bet365 shuts the account or confiscates balances, because these are penny accounts and the real accounting job is held in cash.

It may sound like a very complicated way to bet, but in some parts of the world this is how gambling works. Someone with a lot of cash and good knowledge of value betting or arbing could become very rich in no time, but the agents are also filtering players and they reject action when they bleed money. But this could take a lot of time until it happens, and the client could go to another agent. However, the number of agents is not infinite.
Logged
neopas
Becoming a Pro
***

Karma: 11
Posts: 228


View Profile

neopas

Re: Bet365 penny accounts
« Reply #2 on: May 13, 2020, 08:31:13 PM »

Thank you very much, Boss.
So the question that immediately came to my mind, is in which countries penny accounts could be found?
Logged
giannis89
Gaining experience
*

Karma: 0
Posts: 10


View Profile

giannis89

Re: Bet365 penny accounts
« Reply #3 on: May 13, 2020, 10:56:16 PM »

Thank you for the information arbusers!

I have the same question, I couldn't find anything neither online nor in this forum.. I'm probably not using the right key words for the topic to appear.

This seems a bit dodgy to me. Are the people using these penny accounts guaranteed that they'll get their money? How trustable are these agents?
Logged
Camma23
Gaining experience
*

Karma: 2
Posts: 78


View Profile

Camma23

Re: Bet365 penny accounts
« Reply #4 on: May 13, 2020, 11:45:37 PM »

i subscribe this too. I'd be interested. Never read anything similiar on the web before
Logged
apoel81
Has experience
**

Karma: 9
Posts: 179


View Profile

apoel81

Re: Bet365 penny accounts
« Reply #5 on: May 14, 2020, 09:31:55 AM »

Can anyone propose some of those providers? Never heard anyone
Logged
kustef
Pro
****

Karma: 15
Posts: 307


View Profile

kustef

Re: Bet365 penny accounts
« Reply #6 on: May 14, 2020, 09:49:57 AM »

only agent suicide can search for customers here ;D
Logged
arctrading
Has experience
**

Karma: 9
Posts: 152


View Profile

arctrading

Re: Bet365 penny accounts
« Reply #7 on: May 14, 2020, 09:51:33 AM »

Thank you very much, Boss.
So the question that immediately came to my mind, is in which countries penny accounts could be found?

Do you mean the asian agent system by the use of Bet365 lines? Or its completly different what you mean? So far im only aware of asian agent system aka black market where you could have betting margin and all of this is based on trust...
Logged
arbusers
Administrator
Totally Pro
*****

Karma: 411
Posts: 4163



View Profile WWW

arbusers

Re: Bet365 penny accounts
« Reply #8 on: May 14, 2020, 10:15:39 AM »

I believe some of you guys should re-read my previous post more carefully, and then make relevant conclusions.

So the question that immediately came to my mind, is in which countries penny accounts could be found?

One of the countries that penny accounts can be found is Brazil. Another country should be Lebanon. I believe this style of betting can be found in other countries as well but don't want to name them as I don't have reports from other countries.

This seems a bit dodgy to me. Are the people using these penny accounts guaranteed that they'll get their money? How trustable are these agents?

Of course, it is dodgy. Tight gambling restrictions are pushing players to riskier choices. We have seen that many times in many countries. Trust is a prerequisite for the agent style of betting. The players have to trust the agent before sending their cash, and the agent should safeguard his reputation or he will be out of business. And if the well known and established agents come with an extra layer of risks, you can imagine how many risk layers there are for an underground agent working in the cash market of Sao Paulo.

Can anyone propose some of those providers? Never heard anyone

Apoel81, be more than sure that most of the people using penny accounts would love to have the options that you have in almost any European country. At the same time, this agent style of betting comes with significant chances as described previously.

only agent suicide can search for customers here ;D

That is 100% correct. We have seen well-established exchanges stopping their affiliation with our forum because our members were beating their bots and traders easily. Not to mention bookmakers.
Logged
x-casino
Gaining experience
*

Karma: 2
Posts: 79


View Profile

x-casino

Re: Bet365 penny accounts
« Reply #9 on: May 14, 2020, 10:29:59 AM »

Thank you very much for this. I was the one that asked in the other thread about penny accounts but received no answer.
If we are talking about countries like Brazil and Lebanon, then this has educational value only, at least for me.
Logged
dragspyr59
Gaining experience
*

Karma: 2
Posts: 39


View Profile

dragspyr59

Re: Bet365 penny accounts
« Reply #10 on: May 14, 2020, 11:46:29 AM »

Couple years ago i had some penny accounts from my Greece source
it was a bookie with 365 similar odds
Logged
gamblehappier
Becoming a Pro
***

Karma: 1
Posts: 278


Gambling is the key in order to survive.


View Profile

gamblehappier

Re: Bet365 penny accounts
« Reply #11 on: May 14, 2020, 01:53:45 PM »

Take point that this is dangerous.Bet365 penny accounts is dangerous.Bet365 will 99/100 pay you almost all amounts.This type of action with leverage (x100) is good for longterm losers.What will happen when you win?

Bet365 has so much capital and even though they limit and ban accounts.Imagine what will happen when you win a lot with these penny accounts.The answer??You will not get paid(most of times)

If you win a 5k you will be ok,but that will happen when you you win more than 10k?Most of times you will lose money.

But there is a way to make money with these penny accounts:

Find more than 3 agents that offer these accounts(as much trustable as you can)
Do not win too much in a specific agent
Do not withdraw too much
Split and keep small capital in every agent(because you may lose it)

This is a risky option especially if you bet to one specific agent.The only way to win is to withdraw immediately your winnings and keep small capital in these accounts(lower than 1k)

But keep in mind this is not real Bet365 account.If you win too much most of times you will not get paid.
« Last Edit: May 14, 2020, 02:03:15 PM by gamblehappier » Logged

Believe to yourself is the secret to success.
giannis89
Gaining experience
*

Karma: 0
Posts: 10


View Profile

giannis89

Re: Bet365 penny accounts
« Reply #12 on: May 14, 2020, 06:33:07 PM »

Couple years ago i had some penny accounts from my Greece source
it was a bookie with 365 similar odds

I'm very curious now about these ''sources''. Any additional details you could give on this? Although I appreciate you might not be able to elaborate more. Why did you say a couple of years ago, any specific reasons that you stopped using them?
Logged
gamblehappier
Becoming a Pro
***

Karma: 1
Posts: 278


Gambling is the key in order to survive.


View Profile

gamblehappier

Re: Bet365 penny accounts
« Reply #13 on: May 18, 2020, 01:11:40 PM »

I believe these penny accounts are not the best option for serious bettors.If you bet small amounts(which means in most of times small profit),then it might be useful.
Logged

Believe to yourself is the secret to success.
Camma23
Gaining experience
*

Karma: 2
Posts: 78


View Profile

Camma23

Re: Bet365 penny accounts
« Reply #14 on: May 18, 2020, 01:13:42 PM »

I believe these penny accounts are not the best option for serious bettors.If you bet small amounts(which means in most of times small profit),then it might be useful.

Thinking at it a bit, I’ve same feeling
Logged
Pages: [1] 2 3
Print