Bookmaker Account

Posted : admin On 09.03.2021

Having your betting account limited is a frustrating inevitability for profitable sports bettors.

A ‘no limit bookmaker’ would be a godsend. Well. ask and you shall receive. They do exist.

Account verification is a standard practice for all bookmakers, and its main purpose is to confirm the identity of the customer in order to exclude from the list undesirable categories of users (minors. There are certain warning signs you should always be aware of before you decide to create an account on a new bookmaker. After all, regardless of how promising their odds or welcome offer might seem, it.

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Personally, I think it’s pretty poor form to cut someone off for winning. Shouldn’t the possibility of losing be inherent in any company that’s built on competing with people? That’s what a bookmaker is, a company vs consumer proposition where they set every metric, aiming to stack it in their favour to win. Yet when they fail to do so, they don’t try and win, they call you a name and run away.

Let me be crystal clear – If you are a bookmaker with max bet limits for all users (as they all have to) that is fine, it’s necessary as to not over-leverage yourself. What I have a gripe with is bookmakers identifying winners then limiting their accounts, individually, to unusable bet limits.

But you can hear me fire up at bookmaker limits here – Are Betting Account Limits Illegal?

For now, I’m going to laud the few shining lights of the industry. Those bookies that don’t limit accounts in that way.

First, I’ll break down the top ‘no limit bookmakers’, then I’ll get into a few of the alternative options for punters who keep having their accounts crippled. Let’s get into it!

The Good Bookies – Winners Welcome

This is a forever changing proposition, we’ve seen bookies change their policies within a day, we’ve seen people’s accounts go from flourishing; to $1 max bets, or even closed, with no warning.

Again, we’re looking for bookies that don’t limit individual accounts to unusable limits, a max bet limit in place to insure against a $100k wager that will over-leverage the bookmaker is not nefarious, it’s good sense. Let’s start at the top:

Pinnacle

The gold standard. Pinnacle is where recreational punters get bored, and successful bettors prove themselves.

There is no question, Pinnacle is the highest esteemed bookmaker in the world. No bonus bets or regular promotions to market to recreational punters. Just low margins and a terrific platform.

But, what we’re really here for is the ‘winners welcome’ policy. Pinnacle will never limit your individual account. Ever. In fact, they even wrote about how winning bettors help them sharpen their odds – Pinnacle Winners Welcome.

You’ll often hear profitable bettors brag about ‘beating Pinnacles closing line’, that is because it’s hard. With Pinnacle you aren’t looking for early odds mistakes like you might at a soft bookmaker. You are going against an extremely diligent team of experts who set the price, have plenty of resources, and who don’t publish their markets until they have done that research.

Prove yourself at Pinnacle, you’ve proven yourself everywhere. (Being profitable after just 50 bets and 1 month isn’t proving yourself, by the way 🙃)

Betonline.ag

Betonline.ag has undergone a full rebrand (a nice one), but thankfully, they are still in the category of bookies that don’t limit accounts.

What you’re getting here is complete max bet transparency, here’s their breakdown of the limits they have on each market – Betonline.ag Wagering Limits

Online casino sweep coins. I haven’t been allowed to bet with Betonline.ag (Curse you Aus betting laws), but, with transparent limits, a clean interface and 20 years in the game – they have certainly risen to the top tier of my respected bookmakers.

As with any sharp bookmaker, the negative here is market volume – with this business model these no limit bookmakers aren’t willing to compete against punters on markets they don’t have the resources or information to analyse diligently, those more obscure markets. Understandable.

Betonline.ag is a valuable asset in an ever-shrinking sharp bookmaker pool.

Bookmaker.eu

Bookmaker.eu has all the same qualities as the former, but this one can be used by punters from the US – the two bookmakers above don’t allow US punters.

Bookmaker.eu does not have a huge amount of alt-markets, less than those above in my experience. But I don’t think US bettors will be complaining as long as they keep allowing winners.

Another good option in a small market.

TopSport

TopSport is an Australian only site (Sorry, my Aus bias is showing again), Australia is notorious for harsh bookmaker accreditation laws, a limited bookmaker supply, and being a country who absolutely loves to bet (poorly).

There is a sea of Aus bookies that are ready and willing to cripple your account at the first site of profitability, then there’s TopSport. I had yet to hear of any profitable punters being crushed by their limits, so I reached out to the owner, Tristan, he had this to say regarding their limiting policies:

At TopSport we are very proud of the fairness we provide to all customers. We have never closed an account in our history, and we offer very fair limits to all players regardless of their profitability as we believe it is important for the industry to ensure sharp punters are able to get set to fair limits on all events. On premier events like the AFL and NRL, we guarantee all players can get set to win at least $10,000 on win and line options after the final teams have been confirmed on all games throughout the year!

Very much an ‘old school’ bookmaker, they cannot guarantee that they won’t monitor individuals, but they do have a fairness policy in place and high limit allowance for ALL punters.

They manage to have more markets than your traditional ‘Sharp’ bookmaker but a policy that still allows successful bettors to thrive. A welcome balance in Australia. Not a ‘no limit bookie’, but in context, a ‘fair limit bookie’.

Bookmaker Alternatives – No Limits?

As the online betting landscape developed, other options developed. Different types of bookies, and new ways to bet with completely different philosophies. If you can’t access bookies without limits, try your hand at these non-traditional options:

Betting Brokers

Betting brokers have taken a while to break into the mainstream among sports bettors, but over the last few years, they have been able to gain some trust and become a really viable option.

The concept is this; A bet broker is a middle man, you deposit your money with the broker, they place all bets for you as they have access to all the bookmakers you are limited on or that aren’t available in your country. Without limits. Usually.

Too good to be true? It does seem that way, multiple bookmakers and no limits – A bit suss.

But, despite the fact that some can charge commissions for non-affiliated bookmakers. Most of them are actually affiliated with the Bookmakers and earn commissions purely from the bookmakers. You’re free to bet commissionless – most of the time. A small caveat would be fees for deposits or withdrawals in some instances, be aware of that possibility.

The largest concern would be financial security. Brokers don’t have to jump through the same licensing hoops that bookmakers do, if they go bust, there are fewer legal systems in place and your money could be a bit in limbo. Having said that, SportMarket and BetInAsia have long-term reliability and plenty of people to vouch for them.

If you need no-limit betting, certainly consider betting brokers.

Betting Exchanges

This one seems obvious, betting exchanges don’t win when you lose so they are happy to accept your volume. This is true, I’ve written about Why You Should Use Betting Exchanges here, and Best Betting Exchanges here. But right now I’m going to argue the opposite.

It’s true, you have no max bet limits. But you can still be penalised for winning, have your income potential limited. Exchanges like Betfair, have rules in place that allow them to set higher commissions, often absurdly higher, for the top bracket of successful exchange bettors.

Bookmaker Costa Rica

You may not fall into that top category, or you may still be able to find profit with those higher commissions – but, I would consider that a limit to your income potential, just for winning.

Now, back to the good. You can still bet with them, you’ll never have an account closed and they do benefit from your activity in the market. For Most, betting exchanges are a really good option to get away from the bookmakers that have limited you.

CryptoCurrency Bookmakers

Bookmaker Account Limits

Account

The future is here. Okay, this one is speculative. There really isn’t a lot of information, or verifiable information, that can prove or disprove the reliability of Crypto bookmakers.

Let’s start with the good, this is completely anonymous. When doing my research for this article I decided to try and signup for a Bitcoin bookmaker, here, in the incredibly stringent and strict bookmaker licensing country of Australia, It took 30 seconds and all I had to give was a nickname. The law hasn’t caught up with Crypto, this is an anonymous currency that’s hard to account for within the law.

So I signed up anonymously and if I were to be limited (Which they claim not to do) I could simply make another account. So, seemingly they can be used without limits.

Now, the bad. You are sending a currency that the law hasn’t accounted for to a ‘bookmaker’ that isn’t licensed as a bookmaker.

I have already heard horror stories – So, all this is more of an idea and talking point, than it is a recommendation.

Tread extremely carefully and watch this space – this could be a whole new frontier of sports betting, or… fuel for 100’s of ‘they stole all my money’ stories.

Will There Be More Or Less ‘No Limit Bookmakers’ In 10 Years?

It’s a working business model – why wouldn’t there be?
There could be one big reason we don’t see more of them popping up over the next 10 years: The Law.

Bookmaker licensing used to be one of the things that lawmakers hadn’t caught up with, they definitely have now. If bookmakers continue to be banned in different countries, are hit with more national operational taxes, and have to jump through more hoops; country by country – there just won’t be enough profit in it for those low margin, non-restrictive bookmakers. It may no longer be a working business model. It paves the way for more and more bookmaker monopolies – none of which will be non-limiting monopolies.

But, I’m optimistic it won’t get to that point – Sharp, no limit, bookmakers work. It doesn’t hinge on weekly bonuses or their marketing budget, sharp bookmakers are a sustainable business model if the balance is struck correctly. So, in 10 years I think we will have more options.

More people are pushing back against bookmakers and the improper ways they discard winners and manipulate losers – as the debate continues, the stories come out, and the law adjusts; I expect to see even some of the current biggest limiting bookmakers, being pulled into line and forced to adjust their methods.

But, maybe I’m just a dreamer.

Bookies That Don’t Limit: Conclusion

It is a bit of a minefield navigating your way through bookmaker restrictions, changing laws, and changing bookmaker protocols as a profitable bettor. But, it can be done; It is done, by many.

If you disagree with any of the above, let us know – if any of the above have limited you, let us know. I don’t want to be wrong for a second longer than I have to be. If you know of any other verifiable bookies that don’t limit accounts, let us know. We’ll add them and share that information with everyone else that is sick of being limited.

Happy (Value) Betting

In this article we’re going to look at the subject of matched betting with multiple accounts – and by that we mean having more than one account at the same bookmaker. This is done by holding accounts that you run in other people’s name (friends or family members), not just your own.

In the matched betting community, this has been nicknamed ‘gnoming’. It’s also known as ‘multi-accounting’.

Bookmaker Account Suspended

Honestly, you’re not going to find this written about very openly on the internet as it’s a taboo subject, even among matched betters. But it’s clear there are people doing it. Plenty admit to it on internet forums. And, of course, it’s allowing them to make much more money than if they had just one set of accounts. So maybe it’s worth a look.

In this article we’ll take a look at some of the things that you should consider if you’re going down this route.

Just a word of caution, though: this does not constitute any legal or tax advice. The below has been put together as a collection of viewpoints based on what others have told us about doing it. What you choose to do with this information is entirely your responsibility.

Is matched betting using multiple accounts legal?

Buy bookmaker accounts

In matched betting, you pose as a regular punter in order to harvest offers and freebies from the bookmakers – all the while you’re actually laying off your bets in a risk-free way so you’re guaranteed profits. Although it’s perfectly legal, some might view it as an inherently murky activity.

Doing matched betting on your own account is already not really in the spirit of what the bookmakers want you to do (and we know this, because they will close your accounts if they suspect you of being a matched better). But does the idea of running multiple accounts at a bookie – using the names of friends and family – cross an altogether different line? Might it even be illegal?

As we’ve said above, we’re absolutely not in a position to give you any legal advice on this. Whilst we haven’t seen anything definitive on the legality of operating bookmaker accounts on behalf of others – either saying it is or is not legal – if you choose to go ahead with this activity, you do so entirely at your risk. It’s extremely grey territory.

One thing, however, is clear. If you’re setting up accounts with bookmakers on behalf of other people then you must have their permission. To do so without that would be identity theft. And you won’t get far with it anyway, for the following reasons:

  • You may be asked to provide identity documents, and background checks to open accounts.
  • Bookies are likely to require you to fund those accounts using a bank account in the same name as the customer (and even if they don’t, making transfers from seemingly unrelated bank accounts is likely to arouse suspicion).

So, first things first, make sure that you have the permission of the other person, and tell them what you’re doing. If they’re not fully onboard with it, then leave it well alone.

Getting the cooperation of friends and family

Having explained the concept to the friend or family member, if they’re still prepared to listen to you, you’re going to need to agree with them how this is going to work.

They’re unlikely to let you make money using accounts in their name if there isn’t something in it for them. Get ready to give them some cash.

It seems that people have tried two methods to compensate the other party:

  • Offer them a percentage of your profits
  • Offer them a fixed monthly payment

From the feedback of those doing it, the latter option is the clear favourite. Giving them a percentage of the profits makes the arrangement more complicated. You’ll constantly have to calculate the amount due, and they may have suspicions you’re not being entirely honest / accurate anyway.

With a monthly fee, things are clearer.

Setting up and operating a multiple matched betting accounts

Keep in mind that the bookmakers are always on the lookout for irregular activity. So anything that doesn’t fit with the profile of a normal punter will raise suspicions. If the bookmaker realises what you’re doing, they will close your gnoming account, and may also gub your own one too!

The feedback, from those using multiple accounts, is that you’ll want to consider a number of important safeguards:

1. Use different addresses and bank accounts

Whilst there are plenty of stories of people having opened up accounts at bookmakers in the name of their wives, not all bookies are open to that sort of thing. Ideally, you don’t want to open up too many accounts under one address. If a bookie sees that you’ve opened 5 accounts at one address for you, your sister, your mum, dad, and gran – they’re probably going to look into that.

But don’t just make up addresses, they need to be where the person actually lives! You may be asked for proof of address.

You also need to use different email addresses.

Equally, you want to be using different bank accounts. There’s more on that below.

2. Use different IP addresses

An IP address shows a bookmaker where you’re accessing the internet from. Again, too much activity coming from one IP address may result in your accounts being flagged.

The chat amongst matched betters is that you want to use a different device and connection for each set of accounts. Many of them have got cheap phones (on a SIM only plan – do NOT connect it to WIFI or it will use the same IP address as anything else using that WiFi connection) to avoid it looking like there are multiple people using the same IP address and device

If that seems a bit much, you could always try getting a decent VPN, which will hide your real IP address when you use the internet.

3. Vary behavior between accounts

Here, the advice seems to be to try logging into accounts at different times and varying user behaviour slightly. If you’re doing identical bets across all accounts at much the same times then that could raise some questions.

Laying bets at the exchange, for multiple bookmaker accounts

The betting exchanges, where you place your lay bets, don’t care if you’re matched betting. They’re also not the ones giving you any bonuses where you make your profits.

So, even if you’re running accounts at the bookies in a dozen different names, you can just use a single account at the exchanges. There’s no problem with that, but bear in mind that you might need to increase the size of your cash float in order to have enough capacity for your lay bets.

Bank accounts for multiple matched betting accounts

Transferring into a betting account from a bank account that doesn’t match the user’s name is suspicious, and in many bookies might not even be possible. So you need to make those transfers in from account in that person’s name

The banking situation is, for us, the greyest area out there. Some people recommend that you set up a new account in the person’s name (obviously with their permission) and you have control over it, and the debit card is in your possession. Not a single bank out there would consent to, or recommend, this arrangement – but people clearly do it. This arrangement has clear risks for both the person whose name is being used, and the person setting up the account.

So many new bank cards that you’re going to need a new wallet

Having control of that account also makes it possible for you to get your profits out of it too. Otherwise, if you don’t control the account, you’re relying on the other person to constantly make transfers out to you and in to bookmakers. If that person is on board with the whole idea then that may not be a problem, but it’s going to slow the whole process down a little. It may also take quite a bit of explaining over why various payments need to be made.

Note that it might also take some explaining to them if you’re making very big profits in relation to the amount you’re paying them!

Tax implications of matched betting on behalf of others

Whilst winnings from bookmakers are tax free, we’re not in any position to tell you what the tax situation is where you’re matched betting on behalf of other people. We’ve seen nothing authoritative that clears this up.

Is there an argument to say that you’re providing a taxable service on behalf of others? Do they need to pay tax on the money that you might be paying them for this arrangement? These are all things that you’re going to have to consider for yourself – and for full disclosure you may want to mention this risk to the person you’re doing it on behalf of.

Conclusion: Matched Betting using other accounts – is it worth it?

We mentioned right at the start, this isn’t something we’ve got into ourselves. The whole thing is fraught with issues – which we’ve covered above.

Aside from the legal and tax uncertainties, a significant issue is having to explain the idea, and the risks involved to someone else. On top of that, you need their help – or permission – to manage the cash payments and receipts. Unless the person trusts you a lot, they’re likely to be a little suspicious of the whole idea. Most instances where we’ve heard of people operating multiple accounts is where they’re doing it on behalf of a spouse.

Trust between you both is paramount. These sort of arrangements can end in tears, with suspicion or jealousy causing a fall-out. If the other party becomes difficult and decides to complain to the bank or bookmaker then it is going to cause you a lot of trouble and your own accounts will most certainly get gubbed. At worst, you might even end up in court.

Whether you get involved in this is, ultimately, something for discussion between you and the other person. For many, like us, it’s not something we’ll be rushing into soon. But, plenty of people are – and perhaps it’s that which explains some of the seemingly unbelievable matched betting profits you hear people reporting.

Whatever you choose, good luck!

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