Multiple Betfair Accounts

News, chat and debate about the Betfair betting exchange.
rik
Posts: 1313
Joined: Sat Jan 25, 2014 5:16 am
Location: London

PeterLe wrote:
Tue Jan 07, 2020 7:46 pm
Folks
Some of my family have betfair accounts and some trade from the same IP address
Initially, I just dropped Betfair an email explaining if this would be an issue and they said no, as long as you dont break the rules (ie try to dodge the Premium charge, trade against each other etc)...
They wanted KYC for my daughter and my son (who has the same name as me :D ), but all good and Ive had no issues
Regards
Peter
so you have the same comission points and premium charge on the accounts?
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Derek27
Posts: 10393
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

rik wrote:
Wed Jan 08, 2020 2:17 am
PeterLe wrote:
Tue Jan 07, 2020 7:46 pm
Folks
Some of my family have betfair accounts and some trade from the same IP address
Initially, I just dropped Betfair an email explaining if this would be an issue and they said no, as long as you dont break the rules (ie try to dodge the Premium charge, trade against each other etc)...
They wanted KYC for my daughter and my son (who has the same name as me :D ), but all good and Ive had no issues
Regards
Peter
so you have the same comission points and premium charge on the accounts?
Premium Charge totals both or all accounts but points were treated separately for each account, not surprisingly as it works to Betfair's favour.
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PDC
Posts: 1956
Joined: Sun Jul 24, 2016 5:52 pm

rik wrote:
Wed Jan 08, 2020 2:17 am
PeterLe wrote:
Tue Jan 07, 2020 7:46 pm
Folks
Some of my family have betfair accounts and some trade from the same IP address
Initially, I just dropped Betfair an email explaining if this would be an issue and they said no, as long as you dont break the rules (ie try to dodge the Premium charge, trade against each other etc)...
They wanted KYC for my daughter and my son (who has the same name as me :D ), but all good and Ive had no issues
Regards
Peter
so you have the same comission points and premium charge on the accounts?
I read PeterLe's reply as each account is treated as its own entity. So one could be paying 60% PC, another no PC and another 20% PC for example.

I assume this is how Peter Webb's children are, in that Peter Webb pays 40% PC I believe and, whilst they are learning to become super traders the children will not be paying PC.
LinusP
Posts: 1770
Joined: Mon Jul 02, 2012 10:45 pm
Contact:

You guys are playing with fire if you normally pay PC and don't have the accounts linked..

viewtopic.php?f=2&t=19679&start=30#p200414
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

LinusP wrote:
Wed Jan 08, 2020 12:55 pm
You guys are playing with fire if you normally pay PC and don't have the accounts linked..

viewtopic.php?f=2&t=19679&start=30#p200414
You only had to pay what was 'due' though Linus, no penalty charges or account closure.

I've a couple of accounts, annoyingly they removed the API keys I had on one I hadn't used for a while.
LinusP
Posts: 1770
Joined: Mon Jul 02, 2012 10:45 pm
Contact:

spreadbetting wrote:
Wed Jan 08, 2020 1:54 pm
LinusP wrote:
Wed Jan 08, 2020 12:55 pm
You guys are playing with fire if you normally pay PC and don't have the accounts linked..

viewtopic.php?f=2&t=19679&start=30#p200414
You only had to pay what was 'due' though Linus, no penalty charges or account closure.

I've a couple of accounts, annoyingly they removed the API keys I had on one I hadn't used for a while.
Yep, but if you have been doing this for a few years then the bill can be rather large..
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Crazyskier
Posts: 623
Joined: Sat Feb 06, 2016 6:36 pm

I read this with interest as I've suffered from the same issues for some time, ie testing new strategies on already-used events with trades, be that manual or auto.

From Peter Le and others replies it seems that if I open a new account in my wife's name and bank card or Paypal account it would be OK, even though the IP and home addresses would be the same? Note that I'm nowhere near PC charges (yet!) as though the last years have been profitable, I lost gazillions prior to this as a typical mug punter.

Any further insights or confirmation of the above, much appreciated.

CS
LinusP
Posts: 1770
Joined: Mon Jul 02, 2012 10:45 pm
Contact:

Crazyskier wrote:
Wed Jan 08, 2020 5:59 pm
I read this with interest as I've suffered from the same issues for some time, ie testing new strategies on already-used events with trades, be that manual or auto.

From Peter Le and others replies it seems that if I open a new account in my wife's name and bank card or Paypal account it would be OK, even though the IP and home addresses would be the same? Note that I'm nowhere near PC charges (yet!) as though the last years have been profitable, I lost gazillions prior to this as a typical mug punter.

Any further insights or confirmation of the above, much appreciated.

CS
If you want to play it safe open a new account in your name (require a different card or payment method) and then get bdp support to link them.

Lots of users have multiple accounts due to the BlueSquare merger, they tried to cut down on multiple accounts due to KYC, even with an MSA you have to sign a document every year.
dadof2uk
Posts: 5
Joined: Fri Sep 11, 2020 12:55 pm

I've been kicked in the teeth a bit on this whole issue.

I come from an FX/Spreadbetting background where it is normal to open up live, anonymous demo accounts with a broker for testing before opening up a real account and depositing cash. So when I came across sports trading, I innocently thought that I could do the same. I set up an anonymous Betfair account (without verifying it, obviously) until I was ready to open up a real account with my details.

Eventually, I tried to open up a real account a couple of weeks ago and I can't. I contacted them via the chat portal (a 40 minute wait) gave them all my details, address, dob etc ..... and this was their reply -

"I can see this is because you have previously held an account with us which has been closed on business grounds, due to this you will be unable to hold an account with Betfair, I am very sorry."

I definitely haven't registered an account with Betfair under my name before and when I mentioned this on chat, the girl just said to take it up with the police (as if I'm going to do that).

This absolutely knocked me for six because over the last 3 months, I've been investing a lot of time, emotion and hope in believing I can crack sports trading with BetAngel. It also got me thinking that if I did master the skills needed, where would I go if BetFair just arbitrarily decided to close down my account one day? I know there are other sports exchanges (I'm registered with BetDaq) but I have yet to see anyone talk about trading success on these without using a Betfair account as reference, particularly Betfair's charts.

I don't know if it is because I opened up a 'blag' account and browser cookies have alerted them when I tried to open up my real account and I'm now black listed or am I a victim of identity theft ? I highly doubt it. There's but no way to find out and I just don't know what to do.

I know I'm jumping onto an old thread but I just thought I'd share my own experience/predicament.
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Derek27
Posts: 10393
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

dadof2uk wrote:
Sun Nov 15, 2020 7:13 pm
I've been kicked in the teeth a bit on this whole issue.

I come from an FX/Spreadbetting background where it is normal to open up live, anonymous demo accounts with a broker for testing before opening up a real account and depositing cash. So when I came across sports trading, I innocently thought that I could do the same. I set up an anonymous Betfair account (without verifying it, obviously) until I was ready to open up a real account with my details.

Eventually, I tried to open up a real account a couple of weeks ago and I can't. I contacted them via the chat portal (a 40 minute wait) gave them all my details, address, dob etc ..... and this was their reply -

"I can see this is because you have previously held an account with us which has been closed on business grounds, due to this you will be unable to hold an account with Betfair, I am very sorry."

I definitely haven't registered an account with Betfair under my name before and when I mentioned this on chat, the girl just said to take it up with the police (as if I'm going to do that).

This absolutely knocked me for six because over the last 3 months, I've been investing a lot of time, emotion and hope in believing I can crack sports trading with BetAngel. It also got me thinking that if I did master the skills needed, where would I go if BetFair just arbitrarily decided to close down my account one day? I know there are other sports exchanges (I'm registered with BetDaq) but I have yet to see anyone talk about trading success on these without using a Betfair account as reference, particularly Betfair's charts.

I don't know if it is because I opened up a 'blag' account and browser cookies have alerted them when I tried to open up my real account and I'm now black listed or am I a victim of identity theft ? I highly doubt it. There's but no way to find out and I just don't know what to do.

I know I'm jumping onto an old thread but I just thought I'd share my own experience/predicament.
How did you manage to open a Betfair account without giving your name, address and bank details?

The issue here is premium charge. As you receive a £1000 PC allowance when you open an account and have to pay 20% on profits once it's consumed, Betfair would see opening more than one account without linking them as avoiding paying PC, which they clamp down on quite heavily.
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