No one likes the idea of losing. Especially when it comes to money. And in the ongoing battle of bookmaker vs matched bettor it’s the bookies who often spring into defence mode. But it’s important to note that account restrictions can happen to anyone at any time. It’s not just something that happens to people doing matched betting. However, if you do find your account restricted, it doesn’t mean the end of your matched betting profits. In this article, we’ll take a look at account restrictions in matched betting.
What Are Betting Account Restrictions?
Betting account restrictions are measures put in place by bookmakers to protect themselves from fraudulent activities. The idea behind restricting betting accounts is to ensure fair and responsible betting practices are taking place and that punters are following the rules. Restrictions range in their severity and vary depending on individual bookmakers. They may or may not be imposed at any time. Unfortunately, often without warning. Here are some of the most common types of account restrictions:
Bookmakers may impose limits on the amount you can bet on a particular event or within a specific time frame. These limits can be based on factors such as the popularity of the event, your betting history, or the odds involved. High-stakes bettors or individuals who consistently win may face lower betting limits to reduce potential losses for the bookmaker.
If you ticked the box to allow marketing permissions when you opened your bookmaker account, you should have since been receiving offers. However, if you notice you are receiving less offers than before or none at all, this may be an indication that your account has been restricted.
Bookmakers may choose to restrict certain markets or bet types for specific customers. This restriction is usually imposed on bettors who have demonstrated a pattern of consistently profiting from specific markets.
Gubbed Accounts Matched Betting
Gubbings are restrictions placed on sports betting accounts which can make it difficult when matched betting. If this happens, you’ll normally still be able to take part in casino games and bingo offers with that same bookmaker. However, players may not be able to partake in sports betting.
Bookmakers may offer less favourable odds to certain customers or limit access to enhanced odds promotions. This practice is often applied to customers who have consistently shown a profit or have engaged in arbitrage betting (taking advantage of discrepancies in odds between different bookmakers).
This is the most serious, and final, version of betting account restrictions. In some cases, bookmakers may decide to close an account altogether. This can happen if they suspect fraudulent activity, such as multiple accounting. Additionally, if a bookmaker believes that a customer consistently possesses a significant financial risk to their business, they may choose to close the account to mitigate potential losses.
Unfortunately, the bookmaker’s decision is usually final when it comes to account restrictions. It’s important to note that bookmakers have terms and conditions that outline their rights to impose these restrictions. Always check the T&Cs of individual bookies.
How To Tell If Your Account Has Been Restricted
Depending on the bookmaker, you may receive written warning of potential restrictions. However, the news may also come out of nowhere. If you notice a change in the size of stake or type of bet you’re allowed to place, this is a good sign that your account has been restricted.
If you suspect your account has been restricted, you can always choose to check with the bookmaker’s customer support team. They should be able to confirm this for you.
It’s important to note that if your account has been restricted, you should be able to withdraw any funds you have in there. Your money should not be in danger.
How To Lift Betting Account Restrictions
Unfortunately, there isn’t a great deal you can do if your betting account is restricted. There have been a few cases where people have logged into their account, months after receiving their ban, to find it has been “ungubbed”. But this is extremely rare and not something you should bet on. Pardon the pun…
Remember, you’re usually still eligible for all other bonuses from the bookmaker. It’s normally just the sportsbook side of things.
So what can you do if you find yourself with a restricted bookmaker account?
Matched Betting With Restricted Accounts
If your bookmaker accounts are restricted you may no longer receive offers and promotions. But this doesn’t mean that you can’t make money from matched betting. OddsMonkey Premium and All Access members have access to a range of tools, tips, and full in depth sports betting guides which have all been created to help you make a profit. Find out more about OddsMonkey and start your free trial today.