I have had my betting account restricted at over 20 bookmakers, and I can tell you that they rarely give you a reason beyond “it is a trading decision.” There are a multitude of reasons, and in the terms and conditions of a betting website, it will say that the bookies can restrict or close your account at any time for any reason. They don’t mention the fact they are contributing to urban decay, do they? Why Do Bookmakers Restrict or Close Betting Accounts? A case in point is the impending reduction on the maximum stake on Fixed Odds Betting Terminals (FOBTs) from £100 to £2.īookies moan that the restriction (ironic eh?) will destroy their profits and cause them to lay off staff. It is staggering that bookmakers are allowed to make all the rules and throw their toys out of the pram when things don’t go their way. As soon as a punter opens an account and shows he/she is shrewd, they will be prevented from winning in a heartbeat. Bookies want five-team-Acca punters who have no concept of value. The only thing it seems you need to do to get your betting account restricted is to show competence in your wagers.
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