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