Betting restrictions are a fact of life at most bookmakers. This is especially true for those bookies that claim to cater only to “recreational gamblers”. Many bookmakers base their limits on an individual basis depending on the sport and the punter’s betting history. True recreational players that don’t make big bets generally have similar limits. Maybe a few hundred dollars. Bookmakers generally don’t care if you win a $100 bet. It’s a little different when it comes to bigger fish that want to bet thousands or tens of thousands of dollars and more. This can make a bookie a little nervous and they will likely want to limit their financial exposure by either laying off to other bookies, accepting a portion of the bet, or refusing the bet entirely. Once again, the player’s betting history is usually taken into account by the trader. Novibet customers who want to place a big bet on an event have a few options at their disposal.
With Novibet’s “Bet Referral” system, punters that want to place large wagers can place the maximum accepted bet without referring the original stake to Bookmakers for further approval. This means that there are no negotiations with a trader involved. If you want to place a $5,000 wager and the trader decides to accept just $2,500 of that bet then that portion of the bet will be placed. This is known as the “Max Bet” option.
All or Max
The “All or Max” option allows punters to submit their bet for approval. If the full bet amount is rejected then you will have the maximum default bet automatically placed. Be ready for negotiations though. You may receive a suggestion for another bet or a proposed stake that falls between your default maximum limit and the bigger wager amount that you originally wanted. The trader might not agree to accept the full amount of your big bet but you might be able to get a good portion of it down.
All or Nothing
The third choice is the “All or Nothing” approach. This is pretty much self-explanatory. If you want to bet, let’s say $10,000 on an event, then you submit your bet to Bookmakers for approval. If they accept the bet then it’s game on. If they reject your bet then no portion, not even your default maximum bet amount will be placed. Of course, you can always decide to place the maximum default amount anyway.
Novibet’s bet referrals are a much better option than being bound to strict limits. The bet referral program is just another one of the many features that make Novibet such a great betting site.
Other articles you might like
- Get a €500 welcome bonus from Novibet Casino
- Get the latest Novibet free bets
- Try the progressive slots and jackpots at Novibet
- Auto Price Boost: get up to 100% added on multiples
- Novibet betting odds and margins
Other Tutorials and Strategies
Best Odds Guaranteed – Ultimate Betting Guide
There are plenty of arguments that bookmakers like to use to convince prospective customers that they are the perfect choice. Perhaps the most often incentive is the one of extraordinary odds, as these are the essential tools that can ensure long-term profits. Players need to do their due diligence and go over the offer of [...]
Who Is Best Suited to Playing in an Online Casino?
The appearance of new technology now allows people to enjoy casino playing in a variety of new ways. From online casinos to mobile casinos and live casinos, there is more choice than ever before when choosing where and how to place some bets. This modern and interesting way of playing could be ideal for a [...]
Low odds laying system – Best low odds laying strategy to use at Betfair 
One of the most recommended Betfair trading strategies is using a low odds laying system. Since Betfair is one of the bookies that don’t limit betting options in any way, using a low odds laying strategy can really work: You just need to know what you are doing and how to get max value when [...]
Best Sports Markets and Bet Types at Betworld
It has been said that variety is is the spice of life. If this is the case then Betworld is like a fully stocked spice rack. Not only does this bookmaker offer action on pretty much any sport; the betting options on these sports are so plentiful that even experienced punters may not know where [...]