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Author Topic: OLE7.IO scammed me 11700 USD in bitcoins without reasoning!  (Read 664 times)
spyrosc200 (OP)
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February 05, 2023, 01:40:35 PM
Last edit: February 05, 2023, 02:07:30 PM by spyrosc200
 #1

I'm just giving the community a heads-up because I've been scammed 0.4946 Bitcoin (around 11700 USD) from Ole7.io.

Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=3518507

Reference Link:
https://bitcointalk.org/index.php?topic=5422931.0

Amount Scammed: 0.4946 Bitcoin / 11700 USD
Payment Method: Bitcoins

The story from the beginning:

Have opened account with Ole7.io at October 28th 2022, before they even joined bitcointalk community. They are operated under Ole Group International B.V. which also operates VODDS broker that are considered trusted agents so nothing looked suspicious on first view.

Have deposited dozen of times in this period without any issues.
Proof 1: https://imgur.com/a/lMr8ss1
Proof 2: https://imgur.com/a/q4jHpfm

Have also withdrawn successfully dozen of times as well, with my last successful withdrawal of 0.20 bitcoin at 25 January 2023:
Proof 1: https://imgur.com/a/ddHyTLI
Proof 2: https://imgur.com/a/2qSGndb

All went smooth until yesterday.
After a really good run my balance reached 0.40 bitcoin, another 0.10 bitcoin were unsettled bets so overall my balance is 0.50 bitcoin.

Now looked what happened as I took screenshots of everything (I always do as  I am not a newbie)

I have first asked for a withdrawal of 0.25 bitcoin which was rejected

Proof: https://imgur.com/a/cm6jVXp

I though it was an error and tried to withdraw once again in the next minute. Now withdrawals are not permitted for my account:

Proof: https://imgur.com/a/ejHO8e6

I immediately went on live chat asking for explanations. I only get some nonsense general accusations about compliance issues (have in mind that they never asked for KYC, even if they did, I have no problems to provide any document requested):

Proof 1: https://imgur.com/a/Rke0v12
Proof 2: https://imgur.com/a/0mCH58L

A moment later, they removed all the balance from my account, which turned into zero!
Proof 1:  https://imgur.com/a/8IH0inj

Obviously I did nothing wrong, I don’t have multiaccounts, I am not arbing etc. I even took screenshots of a big sample of my bets for anyone to take a look:
Proof 1: https://imgur.com/a/kWHvqwp
Proof 2: https://imgur.com/a/SFpZn3F


Their customer support keep repeating same nonsense general accusation as their live chat representative:
Proof: https://imgur.com/a/ufIIhXL
 
To summarize, Ole7.io unfairly and without any justification confiscate around 12000 of usd!

P.S Have left a red flag for Ole7.io official representative that can be seen here
https://bitcointalk.org/index.php?action=trust;u=3518507;page=iflags
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February 05, 2023, 01:54:49 PM
 #2

You should contact the casino via email and explain what happened. The reason your account got closed might not be known to ordinary support personnel. Does the site have a customer safety or regulation department that can be reached? Definitely ask them what is going on and PM the casino's forum account that you created this scam accusation. We need to hear what they have to say. 

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spyrosc200 (OP)
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February 05, 2023, 02:02:53 PM
 #3

You should contact the casino via email and explain what happened. The reason your account got closed might not be known to ordinary support personnel. Does the site have a customer safety or regulation department that can be reached? Definitely ask them what is going on and PM the casino's forum account that you created this scam accusation. We need to hear what they have to say. 

Have already asked them via email as well mate.

Same general responses as you can see:

https://imgur.com/a/ufIIhXL
Poika5
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February 05, 2023, 03:31:43 PM
 #4

You should contact the casino via email and explain what happened. The reason your account got closed might not be known to ordinary support personnel. Does the site have a customer safety or regulation department that can be reached? Definitely ask them what is going on and PM the casino's forum account that you created this scam accusation. We need to hear what they have to say. 

Have already asked them via email as well mate.

Same general responses as you can see:

https://imgur.com/a/ufIIhXL
Illegal arbitrage practice? I checked their TOS and I couldn't find anything about arbitrage betting.
https://ole7.io/en/#/account/Terms

You placed a 25 MBTC bet on a Algerian second league game, that's a massive bet for such a low tier league, clearly Your account was not limited. Then why would OP multi account? It makes no sense.

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February 05, 2023, 03:33:28 PM
 #5

They are operated under Ole Group International B.V. which also operates VODDS broker that are considered trusted agents so nothing looked suspicious on first view.
Ole7 says

Quote
OLE777 is affiliated to OLE Group and has a PAGCOR license. This website is operated under the PAGCOR license issued by the Philippines Government and is supervised by it.

So, they aren't directly operated by the Ole Group International B.V., they are affiliated to OLE Group. I can't see the verification link of 'OLE Group Curacao license' on the site. Probably, VODDS broker will say that they have no connection with Ole7.io and both are independent platform.


Definitely ask them what is going on and PM the casino's forum account that you created this scam accusation. We need to hear what they have to say. 
They will say something like this. Because, they block the account of the users without showing any valid reasons. Ole7 team has done the same thing here with OP. They will give the reference of multiple reasons without showing any proof about their claim.

the customer support team and compliance team has told me that they do not disclose the exact reasons why accounts get banned or locked. However some illegal actions are: Multiple accounts, Illegal Arbitrage betting etc.

R


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February 05, 2023, 03:50:58 PM
 #6

Well, The casino already had some shady history. They already received a negative tag from DT member Jawhead999.

Jawhead999    2022-12-31    Reference    Hired shill accounts to promote their shady casino

If a casino has to use shilling accounts on the forum, What do you expect from them? They don't have a good reputation here. Not sure if it will help you to recover your money. Good luck.

spyrosc200 (OP)
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February 05, 2023, 04:34:34 PM
 #7

They are operated under Ole Group International B.V. which also operates VODDS broker that are considered trusted agents so nothing looked suspicious on first view.
Ole7 says

Quote
OLE777 is affiliated to OLE Group and has a PAGCOR license. This website is operated under the PAGCOR license issued by the Philippines Government and is supervised by it.

So, they aren't directly operated by the Ole Group International B.V., they are affiliated to OLE Group. I can't see the verification link of 'OLE Group Curacao license' on the site. Probably, VODDS broker will say that they have no connection with Ole7.io and both are independent platform.


Definitely ask them what is going on and PM the casino's forum account that you created this scam accusation. We need to hear what they have to say.  
They will say something like this. Because, they block the account of the users without showing any valid reasons. Ole7 team has done the same thing here with OP. They will give the reference of multiple reasons without showing any proof about their claim.

the customer support team and compliance team has told me that they do not disclose the exact reasons why accounts get banned or locked. However some illegal actions are: Multiple accounts, Illegal Arbitrage betting etc.


Ole7.io had indeed curacao license under Ole Group International B.V., same company as VODDS. The validation seal removed later and replaced with PAGCOR logo.

Had took a screenshot of their license as well before being replaced with PAGCOR, you can see it here:

https://imgur.com/a/5ukUKpj

If you compare it with VODDS license, you will see they are the same company and not affiliated
https://validator.antillephone.com/validate?domain=vodds.com&seal_id=ce50b1cb73a2f1907e31e2286c60b2b663d3c1f0bf78e4ed65ceabf66dbcf13c3320c25f092964107f6a3a112c47f869&stamp=052f4ca5a0fba0f6e679c12fc1efe831&fbclid=IwAR2M-68TpgVl-YetzukYe790VWxs5t9EoeIV8Ge2UZsgoNkTyjRZLAwMIAA
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February 05, 2023, 05:05:44 PM
 #8

You placed a 25 MBTC bet on a Algerian second league game, that's a massive bet for such a low tier league, clearly Your account was not limited. Then why would OP multi account? It makes no sense.
The type of leagues OP was betting on is highly unusual maybe even to the point of being suspicious. Iranian football, Algerian low division and Reserve league, and matches from Vietnam. But if it's part of the daily offer, then you are allowed to bet on it. Otherwise, either remove the leagues or limit the amount that players can wager.

I will PM the forum rep and ask them to explain the exact reason for locking the account. For the record, I do find your choice of leagues suspicious.

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February 05, 2023, 05:30:49 PM
Last edit: February 05, 2023, 05:47:21 PM by spyrosc200
 #9

You placed a 25 MBTC bet on a Algerian second league game, that's a massive bet for such a low tier league, clearly Your account was not limited. Then why would OP multi account? It makes no sense.
The type of leagues OP was betting on is highly unusual maybe even to the point of being suspicious. Iranian football, Algerian low division and Reserve league, and matches from Vietnam. But if it's part of the daily offer, then you are allowed to bet on it. Otherwise, either remove the leagues or limit the amount that players can wager.

I will PM the forum rep and ask them to explain the exact reason for locking the account. For the record, I do find your choice of leagues suspicious.

nothing suspicious, many of those bets were taken on Pinnacle, Singbet etc as well without any issues, they all paid fine. Besides, Ole7.io is not a bookmaker itself but an agent. A bettor don't place bets against Ole7.io, they place bets via Pinnacle/IM Markets. Ole7.io give you access to 2 thirdparty bookmakers. So it is Pinnacle/IM Markets who settle the bets, not Ole7.io. Pinnacle/IM settle my bets fine without issues. Ole7.io, instead of pay my winnings they confiscated my balance.  

It is even stated in their terms that they are not a bookmaker but an intermediate:

''We provide betting intermediary services only and the Platform gives you access on an aggregated basis to sportsbooks operated by certain third party betting operators (“Bookmakers”). Each and every betting transaction (“Bet”) is between you and the Bookmakers only and the OLE Group is not, and will not, under any circumstances be a party to those Bets. The OLE Group does not act as, or hold itself out as, a bookmaker or betting operator.

You understand that, by using the Platform, you authorize the OLE Group to deal with the Bookmakers on your behalf, including collecting monies and depositing monies with the Bookmakers on your behalf.''

Since my bets were settle correctly from Pinnacle/IM Markets, it is obvious that OLE paid from bookmakers on mybehalf but they don't pay me!

A bettor can place bets on any leagues he wants as long as bookies offered those bets with certain limits. I haven't bypassed their limits in any way. There is no wrong with that nor it is consider abnormal betting, suspicious betting etc. That's why they paid me dozen of times earlier while i was always placing bets on exotic leagues.

Bets placed are defo not an issue, the issue is the profit. That's why they paid fine on first 3 months and they scammed me later. I was always betting on exotic leagues without issues. I took same competition bets on stake, nitrogen, betcoin, cloudbet, intertops, 5dimes etc, no issues at all.

If they didn't liked me they had the choice to limit my account but pay my legitimate winnings first. They haven't did that though, they simply confiscated profit which is against industry standard.

What happened here is obvious, they simply removed balance from account without proper explanation. Their live chat support only told some general accusations, their email support the same. Nothing more nothing less.

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February 05, 2023, 09:17:26 PM
Merited by Pmalek (2), Mahdirakib (1)
 #10

They are operated under Ole Group International B.V. which also operates VODDS broker that are considered trusted agents so nothing looked suspicious on first view.
Ole7 says

Quote
OLE777 is affiliated to OLE Group and has a PAGCOR license. This website is operated under the PAGCOR license issued by the Philippines Government and is supervised by it.

So, they aren't directly operated by the Ole Group International B.V., they are affiliated to OLE Group. I can't see the verification link of 'OLE Group Curacao license' on the site. Probably, VODDS broker will say that they have no connection with Ole7.io and both are independent platform.

I believe they are lying about that. Evidence from multiple snapshots on the Wayback Machine (web.archive.org)suggests that they are indeed operated by the Ole Group International B.V. However, the statements were altered in recent months for an unknown reason. Here are a couple of screenshots:


http://web.archive.org/web/20230101190359/https://ole7.io/en/#/main


http://web.archive.org/web/20220505091014/https://ole7.io/en/#/main


I think that you were already aware of this, or perhaps this comment has slipped your memory:

OLE777 doesn't request for personal details during registration, but we need to write some personal information on the profile page of our account. They have gambling license (Ole Group International B.V.) from Curacao operator. They support deposits in BTC, ETH and some other stable coin. The UI of OLE7 casino (OLE777) is completely same as Bk8 casino.


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February 05, 2023, 11:03:16 PM
 #11



If they didn't liked me they had the choice to limit my account but pay my legitimate winnings first. They haven't did that though, they simply confiscated profit which is against industry standard.

What happened here is obvious, they simply removed balance from account without proper explanation. Their live chat support only told some general accusations, their email support the same. Nothing more nothing less.



One of the issues that they resolve is the deposit issue they resolve it because is not about winning only deposit, but they have a lot of complaints about the players' winnings, I have this feeling that this is another 1xbit in the making and should be avoided, they have been tagged using a shill service, and you are right in your opinion that you deserve your winning and just limit your account because you earned that money for winning your bet, its better to create a flag on this casino, the complaints keep coming.

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..PLAY NOW..
OLE777Official
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February 06, 2023, 06:18:26 AM
 #12

I'm just giving the community a heads-up because I've been scammed 0.4946 Bitcoin (around 11700 USD) from Ole7.io.

Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=3518507

Reference Link:
https://bitcointalk.org/index.php?topic=5422931.0

Amount Scammed: 0.4946 Bitcoin / 11700 USD
Payment Method: Bitcoins

The story from the beginning:

Have opened account with Ole7.io at October 28th 2022, before they even joined bitcointalk community. They are operated under Ole Group International B.V. which also operates VODDS broker that are considered trusted agents so nothing looked suspicious on first view.

Have deposited dozen of times in this period without any issues.
Proof 1: https://imgur.com/a/lMr8ss1
Proof 2: https://imgur.com/a/q4jHpfm

Have also withdrawn successfully dozen of times as well, with my last successful withdrawal of 0.20 bitcoin at 25 January 2023:
Proof 1: https://imgur.com/a/ddHyTLI
Proof 2: https://imgur.com/a/2qSGndb

All went smooth until yesterday.
After a really good run my balance reached 0.40 bitcoin, another 0.10 bitcoin were unsettled bets so overall my balance is 0.50 bitcoin.

Now looked what happened as I took screenshots of everything (I always do as  I am not a newbie)

I have first asked for a withdrawal of 0.25 bitcoin which was rejected

Proof: https://imgur.com/a/cm6jVXp

I though it was an error and tried to withdraw once again in the next minute. Now withdrawals are not permitted for my account:

Proof: https://imgur.com/a/ejHO8e6

I immediately went on live chat asking for explanations. I only get some nonsense general accusations about compliance issues (have in mind that they never asked for KYC, even if they did, I have no problems to provide any document requested):

Proof 1: https://imgur.com/a/Rke0v12
Proof 2: https://imgur.com/a/0mCH58L

A moment later, they removed all the balance from my account, which turned into zero!
Proof 1:  https://imgur.com/a/8IH0inj

Obviously I did nothing wrong, I don’t have multiaccounts, I am not arbing etc. I even took screenshots of a big sample of my bets for anyone to take a look:
Proof 1: https://imgur.com/a/kWHvqwp
Proof 2: https://imgur.com/a/SFpZn3F


Their customer support keep repeating same nonsense general accusation as their live chat representative:
Proof: https://imgur.com/a/ufIIhXL
 
To summarize, Ole7.io unfairly and without any justification confiscate around 12000 of usd!

P.S Have left a red flag for Ole7.io official representative that can be seen here
https://bitcointalk.org/index.php?action=trust;u=3518507;page=iflags


Hi, I have already read your concern and thank you for raising this.

Kindly send your OLE7.IO username as we are trying to look into this right now.

Or if you can just confirm if syprosc200 is your OLE7.IO username that would be great.
spyrosc200 (OP)
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February 06, 2023, 06:38:42 AM
 #13

I'm just giving the community a heads-up because I've been scammed 0.4946 Bitcoin (around 11700 USD) from Ole7.io.

Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=3518507

Reference Link:
https://bitcointalk.org/index.php?topic=5422931.0

Amount Scammed: 0.4946 Bitcoin / 11700 USD
Payment Method: Bitcoins

The story from the beginning:

Have opened account with Ole7.io at October 28th 2022, before they even joined bitcointalk community. They are operated under Ole Group International B.V. which also operates VODDS broker that are considered trusted agents so nothing looked suspicious on first view.

Have deposited dozen of times in this period without any issues.
Proof 1: https://imgur.com/a/lMr8ss1
Proof 2: https://imgur.com/a/q4jHpfm

Have also withdrawn successfully dozen of times as well, with my last successful withdrawal of 0.20 bitcoin at 25 January 2023:
Proof 1: https://imgur.com/a/ddHyTLI
Proof 2: https://imgur.com/a/2qSGndb

All went smooth until yesterday.
After a really good run my balance reached 0.40 bitcoin, another 0.10 bitcoin were unsettled bets so overall my balance is 0.50 bitcoin.

Now looked what happened as I took screenshots of everything (I always do as  I am not a newbie)

I have first asked for a withdrawal of 0.25 bitcoin which was rejected

Proof: https://imgur.com/a/cm6jVXp

I though it was an error and tried to withdraw once again in the next minute. Now withdrawals are not permitted for my account:

Proof: https://imgur.com/a/ejHO8e6

I immediately went on live chat asking for explanations. I only get some nonsense general accusations about compliance issues (have in mind that they never asked for KYC, even if they did, I have no problems to provide any document requested):

Proof 1: https://imgur.com/a/Rke0v12
Proof 2: https://imgur.com/a/0mCH58L

A moment later, they removed all the balance from my account, which turned into zero!
Proof 1:  https://imgur.com/a/8IH0inj

Obviously I did nothing wrong, I don’t have multiaccounts, I am not arbing etc. I even took screenshots of a big sample of my bets for anyone to take a look:
Proof 1: https://imgur.com/a/kWHvqwp
Proof 2: https://imgur.com/a/SFpZn3F


Their customer support keep repeating same nonsense general accusation as their live chat representative:
Proof: https://imgur.com/a/ufIIhXL
 
To summarize, Ole7.io unfairly and without any justification confiscate around 12000 of usd!

P.S Have left a red flag for Ole7.io official representative that can be seen here
https://bitcointalk.org/index.php?action=trust;u=3518507;page=iflags


Hi, I have already read your concern and thank you for raising this.

Kindly send your OLE7.IO username as we are trying to look into this right now.

Or if you can just confirm if syprosc200 is your OLE7.IO username that would be great.

My Ole7.io username is ''spyrosc200'', thank you.

Please don't come back with general statements like syndicate betting, arbitrage betting and all those stuff.

You know my bets were fair and that i did nothing wrong.




Jawhead999
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February 06, 2023, 09:28:41 AM
 #14

Although I've leave negative tag to the casino because they hired paid shill, but I don't think they're wrong for seized your funds due to arbitrage trading because you clearly did it. Why you're making repeated bet on the same match? you're taking advantage because you see the team is high likely to win, a legit gambler will only put bet one time. Since I'm not a part of the casino, I can't make sure if you're using multi accounts or work with other groups, after all you did a mistake.



Poika5
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February 06, 2023, 10:42:57 AM
Last edit: February 06, 2023, 10:54:04 AM by Poika5
 #15

Quote
Although I've leave negative tag to the casino because they hired paid shill, but I don't think they're wrong for seized your funds due to arbitrage trading because you clearly did it. Why you're making repeated bet on the same match? you're taking advantage because you see the team is high likely to win, a legit gambler will only put bet one time.
What? or he clearly max bet 0.96(22.04mbtc) and thought that 0.9 was still +EV?
Sometimes i max bet a opening line 3 times in a row, it doesn't have anything to do with arbitrage.
spyrosc200 (OP)
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February 06, 2023, 10:55:56 AM
 #16

Although I've leave negative tag to the casino because they hired paid shill, but I don't think they're wrong for seized your funds due to arbitrage trading because you clearly did it. Why you're making repeated bet on the same match? you're taking advantage because you see the team is high likely to win, a legit gambler will only put bet one time. Since I'm not a part of the casino, I can't make sure if you're using multi accounts or work with other groups, after all you did a mistake.





You clearly got no idea what arbitrage is so better don't post false/nonse posts mate.

What you describe is not arbitrage betting.

IM markets offered by Ole7.io allows you to place bets double the size of the original bet limits.

So when a bet has a limit of 22.04mbtc, you are free to bet a total of double that stake limit, hence i am allowed to bet 44.07,mbtc. They are the one who set the limits, not me. In no way i bet more that i was allowed.

For example, in the Vietnam bet you highlighted, my first bet was 22mbtc. I was allowed to bet a total of 44mbtc. I ended up placing bets of 30mbtc in that game. This is not arbitrage and it is according to industry standards. My bets respected bookie limits all the times. If you look closely, you will see that first bet of 22mbtc was at odds 1.96. Then IM Markets lower the odds to 1.88/1.90 and they allow you to place same bet once again. It is normal procedure for asia betting style.

Pinnacle on the other hand allows you to rebet as many times as you want, they only change the odds with each rebet. So a selection may have 5mbtc limit but you are free to rebet 3-4-5 times for a total of 25mbtc etc. Pinnacle will lower the odds with each bet though.

If you are not sure what arbitrage is, better don't post comments that may mislead someone
Jawhead999
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February 06, 2023, 11:04:02 AM
 #17

If you are not sure what arbitrage is, better don't post comments that may mislead someone
You need to read this one.

How do Bookmakers Identify Arbers?

Arbitrage detection is the task of the security departments of betting companies. They utilize unique algorithms to identify arbers based on the following parameters:

    The large bet sizes. High stakes that approach the maximum threshold.
    Repeated bets. The bettor continues repeating the same bets.
    Consistent account status. The bettor continually keeps the same balance level.
    Frequent money withdrawal. The bettor withdraws funds too often.
    Unpopular event choice. The bettor chooses unlikely events.

The listed triggers are part of standard monitoring. However, betting businesses can reinforce the process of revealing arbers by implementing AML/KYC procedures.
spyrosc200 (OP)
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February 06, 2023, 11:18:59 AM
 #18

If you are not sure what arbitrage is, better don't post comments that may mislead someone
You need to read this one.

How do Bookmakers Identify Arbers?

Arbitrage detection is the task of the security departments of betting companies. They utilize unique algorithms to identify arbers based on the following parameters:

    The large bet sizes. High stakes that approach the maximum threshold.
   Repeated bets. The bettor continues repeating the same bets.
    Consistent account status. The bettor continually keeps the same balance level.
    Frequent money withdrawal. The bettor withdraws funds too often.
   Unpopular event choice. The bettor chooses unlikely events.

The listed triggers are part of standard monitoring. However, betting businesses can reinforce the process of revealing arbers by implementing AML/KYC procedures.

The one who wrote this got no clue about what arbitrage is.

Arbitrage betting is a gambling strategy that involves calculating all possible results of an event and placing bets on each.Thus, bettors guarantee a profit by making every outcome win for them. It is written in the arlicle you posted as well. The parameters you mentioned are only valid if a guarantee profit is expected, which is not the case with my bets.

As i already told you, in asia you can rebet normally as many times as you want, bookmaker only change the odds each time. You can ask anyone who bet in asia to confirm if you don't believe me.

Can post you a dozens of thousands of bets paid from giants like Pinnacle, Sportmarket etc but it seems you will continue ignoring what industry standards are.

I am pretty sure you never bet with asian bookmakers, otherwise you would already know that what you described is the common procedure.

Don't want to make this topic a conversation about what arbitrage is etc. You have your opinion which is defo wrong.

There are plenty of 3rd party mediators.

If Ole7.io believes that i broke their rules in any way, we can follow the case to one of those 3rd party mediators.

Hope i am wrong but I am pretty sure that Ole7.io will not accept my proposal which is 100% fair for both parties.
bachezy
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February 06, 2023, 11:24:30 AM
 #19

If you are not sure what arbitrage is, better don't post comments that may mislead someone
You need to read this one.

How do Bookmakers Identify Arbers?

Arbitrage detection is the task of the security departments of betting companies. They utilize unique algorithms to identify arbers based on the following parameters:

    The large bet sizes. High stakes that approach the maximum threshold.
    Repeated bets. The bettor continues repeating the same bets.
    Consistent account status. The bettor continually keeps the same balance level.
    Frequent money withdrawal. The bettor withdraws funds too often.
    Unpopular event choice. The bettor chooses unlikely events.

The listed triggers are part of standard monitoring. However, betting businesses can reinforce the process of revealing arbers by implementing AML/KYC procedures.

The one who wrote this got no clue about what arbitrage is.

As i already told you, in asia you can rebet normally as many times as you want, bookmaker only change the odds each time. You can ask anyone who bet in asia to confirm if you don't believe me.

Can post you a dozens of thousands of bets paid from giants like Pinnacle, Sportmarket etc but it seems you will continue ignoring what industry standards are.

I am pretty sure you never bet with asian bookmakers, otherwise you would already know that what you described is the common procedure.

Don't want to make this topic a conversation about what arbitrage is etc. You have your opinion which is defo wrong.

There are plenty of 3rd party mediators.

If Ole7.io believes that i broke their rules in any way, we can follow the case to one of those 3rd party mediators.

Hope i am wrong but I am pretty sure that Ole7.io will not accept my proposal which is 100% fair for both parties.

ofc i also believe you can repeat bets, with the odds decreasing as you bet, that has nothing to do with arbitrage betting.
If the bookmaker didn't want you to repeat bets, it shouldn't let you after you place one bet.
Poika5
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February 06, 2023, 11:27:58 AM
Last edit: February 06, 2023, 02:48:03 PM by Poika5
 #20

If you are not sure what arbitrage is, better don't post comments that may mislead someone
You need to read this one.

How do Bookmakers Identify Arbers?

Arbitrage detection is the task of the security departments of betting companies. They utilize unique algorithms to identify arbers based on the following parameters:

    The large bet sizes. High stakes that approach the maximum threshold.
   Repeated bets. The bettor continues repeating the same bets.
    Consistent account status. The bettor continually keeps the same balance level.
    Frequent money withdrawal. The bettor withdraws funds too often.
   Unpopular event choice. The bettor chooses unlikely events.

The listed triggers are part of standard monitoring. However, betting businesses can reinforce the process of revealing arbers by implementing AML/KYC procedures.
Cool, you are clueless. I never arbitrage and i'm "guilty" of all these things.

Lets check Betsapi:
https://betsapi.com/rs/6092454/Cong-An-Nhan-Dan-vs-Binh-Dinh

So the opposite line needs to be at least 2.05 right(For +0.20% ROI)
188BET last line 1.95(-2.25% ROI)
BetVictor KickOff line 1.91(-3.27% ROI)

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