How UK Bookmakers Exploit Sick Sports Bettors and Restrict the Skilled Ones

These 5 States Look Best Positioned To Legalize Sports Betting In 2021It works like this: when a customer opens an account, they might be given a stake factor of 1, meaning they can bet 100% of the normal maximum stake, for example £500.

“As soon as people start winning or losing, that gets adjusted,” said Cameron, formerly of William Hill. “It starts with 50% and if they keep doing it [beating the bookie], it’ll keep going down. At William Hill it went down to 25% to 10% and eventually down to 1%.”

One gambler, Bernard Henry, shared the results of a demand sent to Coral to see what data it held on him, known as a subject access request.

“He’s allowed to lose 40 times what anyone else was and it was astronomical what he was punting. There was no conscience to it.”

It showed he had won just £38 over four years but had been prevented from placing sports bets after the bookie realised he had beaten their odds 73% of the time. He was still allowed to bet on casino products where the house never loses over time.

Henry believes bookmakers shared data about him with other operators, via software that companies are permitted to use which is intended to prevent fraud but might also be used to shut down a smart better.

Everyone the Guardian spoke to said accounts were rarely closed completely, for good reason.

According to Paddy Power’s manual, “warm” customers are “of use to us as marks”, meaning they are worth monitoring to assess if your prices are wrong. Even arbers, seen as cheats in the industry, would be set at a factor of 0.01.

One former employee of Betfair believes this is about satisfying City investors, who see customer numbers as one measurement of success. “If they close all the bad customers, you go from 50,000 active users to 10,000,” he said.

The flipside of factoring down winners is that losers have, over the years, been given more leeway to place ever bigger bets.

The biggest stake factor Rory recalled a customer being allotted was 40. “He’s allowed to lose 40 times what anyone else was and it was astronomical what he was punting. There was no conscience to it.”

One former employee of Betfair believes this is about satisfying City investors, who see customer numbers as one measurement of success. “If they close all the bad customers, you go from 50,000 active users to 10,000,” he said.

 

More on how UK bookmakers operate

Bookies braced for Cheltenham betting bonanza

UK bookmakers are bracing themselves for a record breaking Cheltenham Festival this year. The meeting runs from March 10th to 13th with punters expected to gamble in excess of half a billion pounds over the four-day meeting.

The Cheltenham Festival is the highlight of the jumps racing season in Great Britain and Ireland with 28 top class races totalling over £4.5 million in prize money. The festival accounts for more than half of the top forty betting races in the UK in terms of turnover. So where can we expect to see the smart money go at Cheltenham 2020?

Epatante favourite for Champion Hurdle

The Champion Hurdle is the feature race on the opening day with leading owner J.P. McManus chasing a record ninth win in the race. Trainer Nicky Henderson is only one behind him and they team up with ante-post favourite Epatante. She was a 33-1 outsider at the start of the season but those odds were slashed following her impressive win in the Christmas Hurdle at Kempton.

There has also been a very strong market move for Henderson’s Shishkin in the opening Supreme Novices’ Hurdle. He put an early season fall behind him to register easy victories at Newbury and Huntingdon and will probably start even shorter than his current odds of 3-1.

Ireland has won 10 of the 12 renewals of the Mares’ Hurdle and has the two market leaders this year in Benie Des Dieux and Honeysuckle. Connections of both horses are considering a tilt at the Champion Hurdle as an alternative so punters should make sure they bet only “with a run”.

Altior aiming for fifth Cheltenham Festival win

Henderson will also be the focus of attention on day 2 with star chaser Altior going for his third successive Champion Chase and fifth festival success. His record unbeaten run of 19 races came to an end over a longer distance at Ascot in November. The ten-year-old successfully reverted to his optimum trip of two miles at Newbury in February.

Steeplechase scene black whiteAltior faces stiff opposition in Defi Du Seuil and Chacun Pour Soi but is certain to attract huge public support.You can get a comprehensive guide to every race at the festival and free Cheltenham Tips at the OLBG website. This long-established site hosts a thriving racing forum as well as providing interesting statistics, betting trends and pointers.

Henderson has yet another leading Cheltenham contender in Champ, as short as 7-2 favourite for the RSA Chase despite falling on his last start. Envoi Allen is rated by many as the Irish banker bet of the meeting in the opening Ballymore Novices’ Hurdle. Many punters will be keen to double him up with the Willie Mullins-trained Appreciate It in the Champion Bumper, a race the trainer has won a record 9 times.

A spectacular day’s racing could be capped by Tiger Roll, the winner of the Aintree Grand National for the past two seasons. He is favourite to win the Cross Country Chase for a third successive season.

Paisley Park expected to dominate Stayers’ Hurdle

Paisley Park is the shortest priced favourite of the weekin the Stayers’ Hurdle on day 3. He is unbeaten in seven races and has won his prep races with the minimum of fuss.Sire Du Berlais landed one of the biggest gambles of the week in the Pertemps Network Final 12 months’ ago. He caught the eye when qualifying at Warwick this season and it would be no surprise to see him start shorter than his current odds of 8-1.

The Cheltenham Gold Cup on Friday is the climax of the meeting, won last year by 12-1 chance Al Boum Photo. He is a general 4-1 favourite to become the first horse since Best Mate (2002-2004) to retain his crown. Delta Work and Kemboy, first and second in the Irish Gold Cup, give the raiding party a very strong hand again this year.

On a cautionary note, the final day of the meeting in 2019 proved to be a bonanza for bookmakers with winners at 66-1, 50-1 and 20-1. Only Hazel Hill in the Foxhunter Chase prevented a whitewash for favourite backers.

By Harvey Mayson

The Best Horse Race Betting Strategies

UK Epsom Downs Horse race betting is the bread and butter of sports betting. Originally a popular sport to bet on in the UK, horse race betting has later spread across the world. The popularity of horse race betting is fueled by exciting races. No matter if it’s a minor or major event, horse races are always exciting, unlike other sports which can be a bit bland and boring. This, along with the unpredictable races, is what makes horse race betting so thrilling.

 

However, horse race betting isn’t as straightforward as betting on football for example. It’s a bit more complicated and requires knowing a thing or two about the horses, track, and horse race betting in general for you to win. Once you master the trade, all you need to do is polish your skills and learn a few betting strategies to call yourself a pro.

 

Bookies in the UK allow punters to bet on a variety of horse racing events. They also offer specials such as best odds guaranteed and a slew of no deposit free bets that can boost your bank account nicely. You can see the latest free bet no deposit offers here and choose what suits you best – there are plenty of great options to pick from. Once you claim your free bet, you can use it on major events such as the Kentucky Derby and place exotic bets that may lead to potentially stunning wins.

Before you make money with horse race betting, though, we suggest you learn the following horse race betting strategies.

 

Dutching

Dutching is a popular and quite complex betting strategy that involves sizing up the possibilities of different outcomes. In short, it ensures a profit by betting on several different outcomes regardless of what horse wins. If you, for example, have two selections and you know how much money you want to place, you’ll probably be tempted to place two equal bets. However, with dutching, you can use advanced math models to properly calculate the return for each selection and split the stake to cover both outcomes while ensuring profit.

 

Although quite a popular horse racing betting strategy, dutching involves quite a lot of math, so it’s not suitable for beginners. Still, it offers a solid and safe return of investment, which is why so many punters love it.

 

Laying the Favourite

This strategy involves betting against the favourite in a betting exchange. Although it may look like it goes against every basic principle in betting, it’s quite a profitable strategy if used correctly. Did you know that gambling statistics show that only a third of favourites win races? There’s no such thing as a safe bet, so if you get the math right, you might be better off with underdogs in major horse race events.

 

Of course, to make this strategy work, you’ll have to lay against a favourite with odds of 3/1 or below – anything higher than that can damage your bank. Knowing handicaps is very important as well since it’ll help you identify the underdogs. Finally, you also need to know when not to lay the favourite. This is why experts recommend sticking to Grade 1 races since bookies offer more in-depth information of the competitors, which in short means you’ll be able to find a weak favourite easier.

 

Value Betting

Value betting is a general strategy that works on any sport, not just horse racing. It involves spotting a so-called value bet or a bet that has a higher chance of winning than what the bookie’s odds indicate. To spot such a bet you’ll need a bit of experience and you’ll also need to master your handicapping skills.

 

Once you learn how to spot a good value bet and trust us, there are many, you can maximize your profits pretty easily.

What Dictates How Fast You’re Paid Out on a Bet?

When it comes to betting on the horses, there’s no doubting that the rise of online gambling has ensured it’s never been easier. Whereas once we were limited to bookies alongside the track, we now have access to dozens – if not hundreds – of betting outlets right at our fingertips.

It’s led to a situation where there’s more information than ever before, better odds than we’ve ever seen and more control than we’ve had in previous decades. It’s great, but one area where online gambling falls behind though is in how you cash in your winnings.

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With a physical bookmaker there’s rarely an issue, simply wander up with your ticket and collect your winnings. For larger sums, there may be a small delay but in general, you can expect your money within a few hours – at the very most.

Online gambling, however, typically sticks you with a pretty frustrating delay – often up to 72 hours before your withdrawal hits your bank account. For those of us who regularly flit between multiple bookmakers in search of the best odds, the process of waiting multiple days to receive our winnings can be a real killer.

But what is it exactly that slows down your withdrawals and is there a method to reliably improve the speeds? Let’s take a look.

What Affects Withdrawal Time?

While it’s true that some websites are better than others when it comes to withdrawal times, the biggest factor in how fast your withdrawals come through is actually the payment method you opt for. We all know that fast payouts are important, but how fast they are is often not up to the bookie but to the payment processor.

By far the most common payment method used is bank transfers and card payments, but this also the slowest thanks to the large numbers of transactions banks complete every day. Checking the validity of payments isn’t too quick on their end, and so payments typically take between one and three days to complete.

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However, if you’re using the likes of Skrill or another e-wallet like Neteller, payments are almost instant following approval from your bookmaker. It’s why we always recommend making the shift to an e-wallet when you’re gambling online.

Another major element which can slow down your withdrawal time is the details linked to your account. If any information is missing, like age verification, the bookmaker will halt your withdrawal until you can sort the details out. As such, it’s always worth making sure your documents are up to date and you’ve supplied your bookie with whatever information they require.

Perhaps the most common reason for your withdrawal being halted though comes from the strong anti-fraud measures in place at online bookmakers. By tracking the IP addresses you use to access their website, they can get an idea of where and when you access their services.

If your account is spotted doing something suspicious, like betting from a completely new location and device, the bookmaker may well put a halt on your account. It’s a similar sort of protection method that your bank undertakes, so it’s not particularly out of the ordinary.

How to Avoid Withdrawal Delays

Here are our top tips for avoiding withdrawal delays:

  • Make use of an e-wallet for deposits and withdrawals to cut out bank processing times and enjoy almost instant withdrawals
  • Ensure your details are up to date with your bookmaker, with valid ID and details supplied
  • Try to avoid making bets on computers and phones which are unfamiliar, as this can raise red flags with bookmakers.

And that’s it! Get out there and enjoy your ultra-fast withdrawal speeds.