BETTING SITE BLUES: HOW BOOKIES RUIN YOUR WINNING STREAKS
If you’re new to online betting, you might be excited about the prospect of getting on a good winning streak and making some profits. Unfortunately for you, this takes a bit more effort and attention to details than you might think. The problem is that bookies don’t like it when you are on a winning streak.
Whenever you start winning big, the bookies on the site you’re using will not get as much of a cut as usual, so they will take an issue with your winning. To keep people from getting on long, expensive winning streaks bookies have come up with a few methods to make sure money is always flowing into their pockets. Best Australian betting sites with the best bookies you can find on this website.
METHODS USED BY BOOKIES TO LIMIT YOUR WINNINGS (AND HOW TO GET AROUND THEM)
- Bad Odds
- Account Limiting
- Advertising Bad Bets
- Giving Promotions – with a Catch
Bookies are the ones who set the odds, so they don’t necessarily have to give you the best odds available. Every bookie will put some overround (“juice” or “vig”) on the odds so that they can make their cut, but others charge much more than they should.
Compare the odds before you place any bets. Don’t stick with one company, bet around to make sure you’re getting the best deal!
If you start to win too much or win too big, your account will probably be limited or even shut down. Instead of suffering through this nonsense from a betting site, make multiple accounts and bet separately with each so that your winning streak is spread around and your accounts won’t be shut down or limited at all.
More than likely if you see a particular bet being advertised it will not be a good deal for you. Betting sites don’t want you to place the bets that you’re sure to win, they would prefer you to place the bets that have a very low chance of winning. Just like the lottery, betting sites want to make money on all the bets placed without having to pay out as much as they’re making.
Bonuses and deals offered by betting sites usually have a catch that you won’t want to deal with at all. Sometimes it involves having to bet a certain amount before you can withdraw winnings, while other times it might be that you have to deposit a certain amount to get your bonus. Whatever the case, you are most likely not the winner in this scenario!