WRONG BETTING ACCOUNT BALANCE
Online bookmakers are managed by people and, like in any other kind of activity, mistakes can happen. This is a major reason for bettors to be very careful and double check their settled bets and calculate the winnings from time to time. This could be unnecessary when it comes to online betting websites like Bet365, PaddyPower or William Hill, but it's very good to check if you use the services of a recently launched betting website or of a betting website which has frequent technical issues.
One of the biggest issues that can result in a wrong betting account balance is when bets are settled wrongly. This can happen if traders make mistakes (they have the correct results, but they are not careful when settling the bets), if the results are not correct or if there are technical errors.
When there are technical errors, in most cases, the issues are fixed very fast and you do not need to report the issue. If the bets are settled wrongly due to wrong results, again the issue is detected and fixed very fast. However, the biggest problem is when bookmakers make mistakes which can pass undetected for days, weeks or even months. In such cases, if the bettors do not spot the issue, they can lose their winnings/funds. Unfortunately, some online bookmakers even have rules which cover such situations, e.g. if a bettor doesn't report the issue in X days, the bookie won't be able to fix the error because the platform won't be able to handle resettlements. This can sound unfair, but it is real.
It may not be pleasant to do regular checks of your past bets, but this can be helpful in many ways: except for the fact that you will be 100% sure that every bet is settled correctly and winnings are paid accordingly, you'll also be able to spot which went wrong or bad when placing bets (e.g. you may find out that there's a specific pattern in your betting activity that made you win or lose).
Overall, in order to avoid this kind of issues, such as wrong calculations of the account balance, wrongly settled bets or other types of issues that can influence your balance, we suggest checking your betting activity and also read the bettors comments and choose the online bookmaker which suits you best.
You may also want to read the following:
Why was my bet cancelled?
Void bets
Why am I unable to withdraw my money?
