This is something I don't get. If these bookmakers are going to suspend or restrict my account in the case of profiting too much, why should I even bother with sports betting in the first place? What's the point? Having fun while losing money?
If you are winning a lot of money, you will most likely be investigated and asked to undergo KYC verification. Whether they will suspend/restrict/ban your account depends if you are strictly following the rules the casino have set
(i.e. not playing from prohibited jurisdictions, not playing with multiple accounts, not underage, etc.)Which leads me to the question, are there any reputable bitcoin sports betting exchange sites? And will they suspend/restrict my account too if I profit too much although they won't be affected by my winnings so logically they shouldn't care about it. In fact, since the pool and liqudity get bigger they should even support it. So, is it really the same case with bitcoin exchange sites too so that I should give up betting if I plan on winning in the end?
There are many reputable platforms here but do not mistake "reputable" as not having the ability to lock your account. AFAIK, all long time bookies here have had cases of account suspension/limitation in the past. Again, follow their T&C and you should be 90% okay playing.
I always abide by TOS since I don't want to give any excuse to bookmakers, but in the past I had trouble withdrawing from known fiat bookmakers although I had full verification (ID, bank account, photo etc.) and in total I broke even or made a very slight loss. Although I got my money back it simply took too much time, review process etc. and they made things really hard for me later.
I just wondered if things are better or worse in the bitcoin side and people sharing suspension/trouble reports about cloudbet, nitrogen etc. (rather known bitcoin bookmakers) has already made me suspicious. I hope to profit in very small amounts if at all since I think I'm better than an average better but if this is going to lead me to troubled times and losing money instead of earning, I shouldn't even think about starting.
This is something I don't get. If these bookmakers are going to suspend or restrict my account in the case of profiting too much, why should I even bother with sports betting in the first place? What's the point? Having fun while losing money?
If you profit, you are not losing
In general bookmakers don't like winning players, which makes sense, because it reduces their own profits. So 99% of them will limit your account sooner or later, if you win longterm (and make frequent withdrawals). There is some threshold though, i.e. if you win $5 per month on average and withdraw them, this won't get you a limit. Things get different when it's $500 or more....
It kind of makes sense or is understandable, but I think bookmakers limiting policies are too strict nowadays. They are greedy just like all their customers are - human nature.
Which leads me to the question, are there any reputable bitcoin sports betting exchange sites? And will they suspend/restrict my account too if I profit too much although they won't be affected by my winnings so logically they shouldn't care about it. In fact, since the pool and liqudity get bigger they should even support it. So, is it really the same case with bitcoin exchange sites too so that I should give up betting if I plan on winning in the end?
Exbet launched their
BTC betting exchange just recently and you won't get limited there for winning. As you anticipated correctly, they don't care, if you win or lose, they make their money with commission. They are still in early stages though and it will take some time until more markets are added and there is more liquidity. But it looks promising all in all.
Fairlay is another one.
Thanks, you confirmed my thoughts. I saw Fairlay and Exbet. Exbet seems very new so I think I'll try Fairlay.
