The term "high roller" in sports betting refers simply to the placing of large stakes. What one person might consider high of course might differ substantially from another's understanding of the term. For the purposes of this article let's consider those punters who are frequently prepared to wager into four figures and beyond.
Very few bettors place four-figure or five-figure bets every time. Ordinarily they will assess the likelihood of a wager being successful and stake accordingly. How generous a price on a particular market happens to be would often be a consideration too. However a person who places high stakes with some degree of frequency might reasonably be considered a high roller.
Perhaps unsurprisingly different bookmakers (sometimes called sportsbooks) will take different views on the desirability or otherwise of high roller custom. A very large wager on a line which carries a big price exposes the book to the prospect of hefty losses should the bet be successful. A good book such as Pinnacle (now sadly no longer accepting business from UK customers) will welcome the bet every time due to its skill in balancing its prices out. Others though will run shy, and seem to prefer the custom of the pound-a-bet hobbyists and occasional dabblers.
FA CUP FINAL
Most sportsbooks will operate different limits for different markets. A punt of several thousands on the likely winner of the next X-Factor competition is unlikely to be accepted as this tends not to be a high roller market, and it would be difficult for the bookmaker to offset the bet. The same sportsbook is likely to offer a far more generous limit on the outcome of the FA Cup Final or the winner at Wimbledon because there will be wagers aplenty on the opposite side of the line creating some sort of equilibrium. Indeed your five-figure punt may have the effect of pushing down the price on that market, thereby increasing the price on the opposite line{s) which is thereby itself made a more attractive proposition for potential customers.
It is an unfortunate but unavoidable truth that some online bookies are known to slash the maximum stakes offered to certain customers once a few large wagers have proved successful. Indeed it is not unknown for punters to access their accounts and attempt to place their bets only to find that their previous £1000 limit has been reduced to £1.
Paradoxically the best sportsbook for high rolling customers is probably one which doesn't operate a limit at all on its stakes - Betfair. Because Betfair is a betting exchange which makes its money solely from the commission it deducts from winning bets it has no interest in restricting customer action, indeed quite the opposite.
High rolling is not a discipline for everyone. To even attempt it one must first have the money to stake in the first place (and be prepared to lose it), and then some considerable knowledge of the market in order to ensure at the very least that losses are kept to a minimum, and ideally that a profit is made.
Showing posts with label Betting Exchanges. Show all posts
Showing posts with label Betting Exchanges. Show all posts
Monday, 19 January 2015
Monday, 24 November 2014
Sports Bonuses and Promotions
If you know anything at all about sports betting and don't have any moral or religious objections to having an occasional flutter there is real money to be made by exploiting sign-up bonuses and promotions offered by online bookies.
Forget about slogans and clichés about betting being a mug's game - we are not talking here about throwing good money after bad. Instead we are talking about taking cold advantage of the "catchpenny" offered made to potential new customers by most online sportsbooks to get you hooked on betting. Only the trick is you don't get hooked - you just take the bonus.
Generally speaking it goes like this - when you have opened an account with the bookie and deposited funds you will usually be eligible to receive a small bonus as a welcome present. Ordinarily it will not be large - typically in the region of £10-£50, or a percentage of your first bet - and there will be wagering requirements tied to the offer. This means that should your free bet win, or should the bet placed with free bonus money be successful, you will be required to wager the money again a certain set number of times before it can be withdraw back to your money account.
READ THE SMALL PRINT
Some such offers are unattractive. You have to read the terms - or rather the small print attached to the offers - carefully before you commit. Sometimes even free bets are tailored to make you fail.
The free bet is not a con as such, but rather a loss leader. The hope is that you will develop a habit and become a regular but unsuccessful customer. Making money out of free offers and promotions comes from taking the award (if it is viable) and running, once the terms and conditions have been fulfilled.
Another way of cashing in on free bets is to lay them at a betting exchange such as Betfair. Using this method the amount you will take home will be considerably smaller than the quantum of the free bet itself, but you will be guaranteed to be left in pocket.
Many players make several hundreds of pounds by opening accounts with each of the bookies and exploiting free bets and bonuses. Check with a reliable sports reviewer first though to ensure that the sportsbook is trustworthy.
Reproduced with acknowledgements to Money Making Ideas.
Forget about slogans and clichés about betting being a mug's game - we are not talking here about throwing good money after bad. Instead we are talking about taking cold advantage of the "catchpenny" offered made to potential new customers by most online sportsbooks to get you hooked on betting. Only the trick is you don't get hooked - you just take the bonus.
Generally speaking it goes like this - when you have opened an account with the bookie and deposited funds you will usually be eligible to receive a small bonus as a welcome present. Ordinarily it will not be large - typically in the region of £10-£50, or a percentage of your first bet - and there will be wagering requirements tied to the offer. This means that should your free bet win, or should the bet placed with free bonus money be successful, you will be required to wager the money again a certain set number of times before it can be withdraw back to your money account.
READ THE SMALL PRINT
Some such offers are unattractive. You have to read the terms - or rather the small print attached to the offers - carefully before you commit. Sometimes even free bets are tailored to make you fail.
The free bet is not a con as such, but rather a loss leader. The hope is that you will develop a habit and become a regular but unsuccessful customer. Making money out of free offers and promotions comes from taking the award (if it is viable) and running, once the terms and conditions have been fulfilled.
Another way of cashing in on free bets is to lay them at a betting exchange such as Betfair. Using this method the amount you will take home will be considerably smaller than the quantum of the free bet itself, but you will be guaranteed to be left in pocket.
Many players make several hundreds of pounds by opening accounts with each of the bookies and exploiting free bets and bonuses. Check with a reliable sports reviewer first though to ensure that the sportsbook is trustworthy.
Reproduced with acknowledgements to Money Making Ideas.
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