Betfair account suspension and winnings confiscation
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The five accounts (a,b,c,d,[myaccount]) were suspended under investigation of Premium Charge avoidance due to the inconsistent nature of betting activity.
Your account will be suspended pending an investigation and you will likely forfeit your balance to make up any unpaid premium charge. Stay safe. If.
In the event of termination or suspension of your account, you will still be permitted: to complete any promotion or bonus you are currently wagering. We need to complete verification checks before you can do certain things in connection with your Account, including withdrawing winnings from your Account.
Backers who turn a profit on their betting can expect to have their accounts closed or restricted to betting in pennies as a matter of routine. It will be limited and/or closed regardless of winning or losing amount. Our accounts were blocked with about £ in each. You have. If the bookmaker is dodgy, then your funds will.
Any winning is enough to get your account closed. They can't confiscate your money if you don't log in or prove your identity within a certain.
We tended to bet against Man City winning with the free bet so that it softened the blow if they didnt win.
Of course, this all discussion took a while and my account was suspended and money not paid out.
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Arbitrage is not illegal, even though some bookmakers forbid this type of betting in their T&Cs. Betfair support claims that they will pay out.
You don't have to withdraw it in instalments.