I have. The point is your strategy logically increases the loss. It is not a recommended plan under any circumstances whatsoever.
If you’re betting or matched betting, you have to factor in losses from AML, KYC and human error. Not being able to get your money out falls firmly into that category.
So yes, it’s not a recommended strategy 
It is worth a punt (if you’ll excuse the pun), when all else has failed.
Obviously.
Compounding it with further losses “hoping to lose at the bookies” is probably the worst thing you can do.
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It depends how much of a risk taker you are… I can see you are 100% averse to anything approaching a “real” bet, so just accept your existing loss, I suppose.
On your approach, you’re ignoring all risk-free betting offers as well - basically, anything where you could potentially finish with any loss on the bet
Lol you couldn’t be further from the truth. I trust ev and hardly need to lay at all any more. Most of my betting is value bets. I sharb multiple unplayable bets and take non sequential accas all the time. I have been doing high risk casino for years. I take huge amounts of each way value. I only avoid risk free offers when they are so low ev my ev/hour is better taken elsewhere.
Also lol at calling smarkets a decent exchange. Maybe if you rely on OM, PM, PA, etc. but those of us with vip account managers on BF and who mainly use the api would never dream of using smarkets for anything approaching decent volume.
The issue is that your fundamental understanding of MB is inherently flawed if you recommend “hoping to lose” which is a very common beginner’s mistake. It’s nothing whatsoever to do with being risk adverse, it’s just a basic misunderstanding of the statistical theory.
Please just retract your mistaken advice so innocent noobs don’t find this thread and dig themselves into a massive hole.
Well, none of this is “advice” as such. You mentioned problems getting your money out. I’ve always found smarkets reliable for withdrawals, so that’s why I mentioned them as a “good” exchange. If you’d mentioned you needed a vip account for high volumes…
It’s not “hoping to lose” to take a calculated risk that you either get your money out or make a bigger loss. It’s a response to the constraints of having money stuck with a bookie.
You haven’t given a lot of detail about the sums involved, which would help quantify the risk somewhat.
Good luck!
It is hoping to lose! Which is precisely. Why it doesn’t work. As an exercise, calculate for me the ev of betting your balance at evens, 4/1 and 40/1 as well as the ev of just mugging the same amount on the exchange. That should tell you enough…
The quantification of the risk depends as much on the odds you’re suggesting as the balance (literally exactly as much).
Well, let us know how you eventually get your money out.
This has come up before, I believe. There were a number of Monzo customers unable to withdraw from betting sites.
If I recall correctly, the fault was in one of the intermediary services between the company and Monzo.
It was resolved eventually, so a search of the forum might guide you to a possible solution.
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A few years ago I messed up a matched bet and ended up with about £1k on some obscure bookie (and a corresponding ‘loss’ on Betfair)
The worst thing was I needed 25x bet-through to withdraw, with a maximum of £50 bets and 14 days to do it in. I gave up trying to match and literally bet on ANYTHING (a lot of South-American lower league football, Russian Ice-Hockey and more obscure stuff like handball).
I stuck to odds around evens (I think that was another clause, some kind of minimum odds).
Anyways, after HUNDREDS of bets, I got through the wagering requirements and was even slightly up when I came to withdraw.
Not recommended, it was very stressful, but it did seem to prove that the odds were just about fair.
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