27th September 2018, 03:02 PM
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Member
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Join Date: Jan 1970
Posts: 4,424
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Quote:
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Originally Posted by Mark
They are a strange breed the alleged bookmakers we are stuck with. Opened an account Friday, had a few bets over the weekend, some won, some lost. Banned Monday.
Why are they in business? and how do they stay in business?
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Online bookmakers are like the ATO and the Feds combined, they share information on your profile, ip address, home address, phone number, emails from a central database. In essence they are all in bed with each other. Now one might open an account in a friends name using all their info and a different service provider, BUT, they have a full time coding team working on algorithms, like an FBI profiler. It's like data matching, so a little flag pops next to the name on the "watchlist", and if it matches over a certain period of time, the account is then flagged and shared.
I have inside info on this as a relative works for a large corporate bookie, she says there are whole teams working on this 24/7. You might notice the words recreational punter in all their terms and conditions. They want big losers but with limited liability, no matter the overall loss on the account. Betting on firmers or those that are shorter on Betfair, will result in a ban also. |