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
Other Tutorials and Strategies
Low Odds Betting Strategy | Betting Low Odds System 
Low odds bets allow you to win less but more often, and you can increase your profit even more by using a low odds betting strategy. This strategy is suitable for every bankroll and can be used by bettors of all experience levels. Betting low odds system can give you real profit in the long [...]
How to register with a great bookie!
After you have gone to Betworld and seen their sportsbook, tried out some of the top casino game titles for play money, and read about some of the great bonuses and promotions that you can take advantage of, you will probably want to open your own Betworld account. It’s a very simple process that will [...]
How to bet at Betworld
Once you have seen the vast amounts of betting opportunities and great promotions that are offered at Betworld, you will likely want to get into the exciting wagering action. Placing your first bet at this bookmaker couldn’t be much easier. To start with you will obviously need to sign up for an account. Simply go [...]
How to Win Sports Betting Parlays | Best Parlay Betting Strategy & Parlay Betting System
Learning how to win sports betting Parlays is a lot easier than you might think. The Parlay betting system is an ideal way to wager on multiple events and potentially boost the amount you can win. What types of sports betting options can use you? Can we teach you how to win NBA Parlays? Can [...]