When betting on sports, a standard narrative is that you can’t win in the long term, and even if you could, you would be banned, restricted or limited.
For many years, if you won at the Casino, you would be barred for ‘cheating’. If you win against a bookmaker, you will also be unable to place more bets.
I experienced this myself when I came up with a winning football system. I soon found I was unable to place any bets.
However, I now bet for a living, spending each week trying to bet as much money as possible through various sports.
But how is that possible if you are banned for winning and can’t bet reasonable amounts on any sport?
It has been possible for a long time, but nobody wants to tell you about it. Especially bookmakers, sportsbooks or Casinos.
So this video explains how that is possible and why people get banned if they are betting in the wrong way.
00:00 – Introduction
01:08 – The betting industry is funded by losses; that’s a problem
02:02 – Why it seems to be a problem
03:40 – Why do people get banned or restricted when betting?
04:45 – How house edge works
06:46 – How to overcome the house edge
09:11 – Where to bet if you don’t want to be restricted or banned
11:38 – How I managed to bet £1m with only a tiny bank and stake size
13:38 – Summary
#betting #sportsbetting #betfair
Just a little note to add to this video. In the video, I say that it wasn't monetised. This was correct at the time of publication, but since then, YouTube has re-enabled monetisation. The point I was trying to make in this video is that I do videos for educational purposes, not for money. If you want me to donate any revenue from this video to charity or some worthwhile cause. I'll happily do it.
Is there any way to bet on online casinos with the betting exchange format? Or does it only exist for sports betting? Is there a betting exchange for online casinos?
My brother went through a purple patch with skybet and they hit him with intrusive affordability checks.
He wasnt shut down as such but he just refused and has took his business elsewhere.
I told him he wont have this trouble on the exchange but his edge is in multiples which obviously cannot be achieved on the exchange. Betfairs sportsbook offers horrendous prices so he uses another platform.
Betting exchanges should be the only legal betting companies allowed to operate.
There are restrictions tho: the amount you can bet on exchanges depends on the money that is available, whereas with regular bookmakers, there is always liquidity.
But betting with regular bookies is a no-go for serious punters. You will likely be banned (or at least severely limited) the moment they find out you actually understand shit (value).
Are you making use of betdaq for placing bets? What do you think of betdaq?
so what were the secrets?
Good video, thanks, I think the sensationalising of everything, is true, I dont watch the news either, that said it creates a mentality among the masses to perhaps over bet certain events and in doing so create opportunity within betting, so, could be doing us a favour too
Too long didn’t watch version: some boomer blathers on for quarter of an hour about nothing. I the last 2 mins says you don’t get banned from exchanges.
No, but you will get money from me subscribing to your software… Right?
What are the best bookmakers that I can use in France and not get banned?? Thank you
When a bookmaker openly refuses to pay out at their discretion THEY EFFECTIVELY BECOME A CASINO. If the average punter ever realizes that then exchanges will finally have their day! That is, if there are any sporting events left to bet on… That's why the bookies can't save face with the "we provide entertainment" spiel – their entire marketing budgets go towards flaunting their juicy looking odds one way or the other. Don't let them get away with it!
You must be paying 60% commission Peter.
How do you feel about that?
Why should they take the majority of your profit, leaving you with a pitiful 40% when it's you risking your money.
They are not risking anything, they win not only on certain events but on every market too, there has to be a winner.
They are happy to initially deduct 5% commission from punters which is fine, but later on greed sets in and then they'll take a massive 60%.
As far as I knew the commission would increase to 20% for successful punters which is fine, but 60% is just pure greed.
Betfair has really gone down hill lately, and the sooner it goes out of business the better.
The smart punters would then be forced to move over to alternative exchanges, and hopefully others would follow.
Then one of the other exchanges would receive all of the punters money, making them the new betfair.
Only this time their commission rate is a lot lower at 2% so hopefully their max commission should not exceed 60%.I
It's my dream for this to happen, it can be done, I'm pretty sure this transition is taking place right now.
The liquidity in the betfair markets definitely seems a lot lower this is a good indicator that people are walking away from Bet(un)fair.
Also the amount of matches covered are reduced too, there used to be a lot more than this.
And lastly the amount of livestream (video) matches has been hit too, especially on the tennis.
You could watch certain challenger matches but not anymore, even some of the main matches are no longer viewable.
RIP Betfair (you won't be missed).
If you bet directly on the exchange then how do you find value
I was severely restricted, betting on the tennis. They (the typical UK book makers) would even create odds (over the phone) just for me, I felt honoured. This drove me on to Betfair/Betdaq where I lose money; Its like a sweet shop. Ive no idea what im doing.
Im trying again. My system is to lay bet outsiders. Im looking to get 1 -2 % profit par day, using the power of compounding. I put everything I made from my solar panels last quarter (£250) Im now up £780 next month is projected to be up £1900. This has me in giggles…my year projected profit if everything stays the same is £9,000,000. With the lack of volume in the markets at this level it will be more like 10 years. But, if I can get 30K, I will put 20K into a SIPP and start again with 10K. I am dreaming of course lol…. Eddie the eagle had a dream; he did it. I dont think he knew what he was doing either, but he got to the Olympic slopes. 20K is me good enough to come last, but be taking part.
Sorry…I meant to say great video Peter! 🤣
Most people will never get to that point, where their being banned😂😂😂
So what about affordability checks that are in place on the exchanges. It's impossible for people on low incomes to have any kind of decent bet now.
Bookmakers want you to win , tf u smokin , i lasted 8 weeks before i got banned ( For Winning 😂😂😂😂😂
as a summary we must do arbitrage in betfair ex and we will not be banned ?
There is a difference between 1 million in turnover and 1 million in profit
do betfair accept cash out option if i do it too often? my strategy is about cash out before match ends