Maximum payout limit for massive parlay bets

[jjokio]

I want to inquiry what is the maximum payout for massive parlay bets.

In the past, I have been able to make parlay bets where to stated payout would have been close to 1,000,000 EUR, the odds were massive, around 100,000x. The stake was small, less than 10 EUR.

However, when I read the terms of use, I came to the understanding that the actual maximum payout is only 250,000 EUR or even less, 40,000 EUR for eSports for example.

Of course, I did not win my bet, but just out of curiosity, I want to know, if Unibet would actually pay out the 1,000,000 EUR or reduce it to something much less, if I had won.

[GR1ZZL3R]

Hi @jjokio

Most if not all bookmakers will have a limit on bets, most varying from sport to sport and particular types of bets. These will be usually found in their t&cs which are the ones you should focus on. If indeed it says maximum payout of 1M euro and your bet wins at odds that should pay 2M euro you will only receive the maximum payout allowed. This is something to take into consideration when making these small multiples trying for a huge payout. Good Luck in your betting.

[FunckyFish]

My opinion is that is impossible to have a bet accepted for 1M, to be accepted and after the winnings to be reduced to 250.000. Usually if you want to bet to win 1M, somebody needs to approve that ticket most of the time. If the limit was 250.000, he should accept 250.000, not 1M.

[ks146]

28 minutes ago, FunckyFish said:

My opinion is that is impossible to have a bet accepted for 1M, to be accepted and after the winnings to be reduced to 250.000. Usually if you want to bet to win 1M, somebody needs to approve that ticket most of the time. If the limit was 250.000, he should accept 250.000, not 1M.

 

[jjokio]

1 hour ago, FunckyFish said:

My opinion is that is impossible to have a bet accepted for 1M, to be accepted and after the winnings to be reduced to 250.000. Usually if you want to bet to win 1M, somebody needs to approve that ticket most of the time. If the limit was 250.000, he should accept 250.000, not 1M.

I got my bet manually accepted, the winnings would have been around 999,900 EUR.

[GR1ZZL3R]

Back in "the good old days" bets to pay out more than the limits were sometimes accepted by mistake and the rare winner would lead to disappointment and arguments. I have not heard of any bookie paying out more than the advertised maximum. These days it shouldn't be possible for these bets to be accepted but mistakes are made and sometimes programming errors do occur, and even a bet manually accepted will be unlikely to be honoured at over the stated limits, it would simply be called human error and that the bet was accepted by mistake. I wouldn't recommend keep making bets that would pay out more than the stated limits, I suspect you would have an extremely difficult if not impossible task trying to get paid the full amount. Surely "better safe than sorry" applies here. 🤔

Edited October 28, 2023 by GR1ZZL3R

[FunckyFish]

2 hours ago, GR1ZZL3R said:

Back in "the good old days" bets to pay out more than the limits were sometimes accepted by mistake and the rare winner would lead to disappointment and arguments. I have not heard of any bookie paying out more than the advertised maximum. These days it shouldn't be possible for these bets to be accepted but mistakes are made and sometimes programming errors do occur, and even a bet manually accepted will be unlikely to be honoured at over the stated limits, it would simply be called human error and that the bet was accepted by mistake. I wouldn't recommend keep making bets that would pay out more than the stated limits, I suspect you would have an extremely difficult if not impossible task trying to get paid the full amount. Surely "better safe than sorry" applies here. 🤔

Sorry, but maybe you don't understand what is happening. These are not errors of softs. Just place 10 tickets to win 1.5 milion. You will see that each time, you will need to request that the ticket must be send to the trader. The trader limit the max win to 1 milion for every ticket because he knows that this is the max limit he can accept. How can be the max win 250.000 if all the bets are limited by traders to 1 million? 

[GR1ZZL3R]

3 hours ago, FunckyFish said:

Sorry, but maybe you don't understand what is happening.

   Sorry but I think I do actually. If I'm not expressing myself clearly enough for you to understand then I apologise and will try again.

   If a bet is forwarded to a trader to be approved for a higher limit than those advertised, say 1M against an advertised 250,000,  then you would expect, should your bet win, to be paid out at that higher limit. Unfortunately there are so many cases that when one of these bets does hit then the operator (I'm not saying Unibet or indeed naming anyone) can simply claim that the bet was accepted in error, by an inexperienced or unauthorised trader for example, or a myriad of any other excuses. The overriding statement will be "see our terms and conditions" and "payout limits." Someone may well have a bet with "possible winnings 1,000,000" approved by a trader, but actually cashing it if it wins could be a different matter. I would actually like it if someone did win a million just to see what, if anything, happened, but I wouldn't say it was a done deal to be able to collect, I'm merely pointing out one of the many possible pitfalls that can be encountered when large sums of money are at stake. Punters have to be on very sure ground in these cases, I'm suggesting an example where things might not always be clear cut. One obvious solution if your bet would pay out at twice the advertised limits is to split it and bet with 2 bookmakers, surely a far safer proposition than testing the limits of any one bookie to pay out "over the odds." 

 

 

[FunckyFish]

23 hours ago, GR1ZZL3R said:

   Sorry but I think I do actually. If I'm not expressing myself clearly enough for you to understand then I apologise and will try again.

   If a bet is forwarded to a trader to be approved for a higher limit than those advertised, say 1M against an advertised 250,000,  then you would expect, should your bet win, to be paid out at that higher limit. Unfortunately there are so many cases that when one of these bets does hit then the operator (I'm not saying Unibet or indeed naming anyone) can simply claim that the bet was accepted in error, by an inexperienced or unauthorised trader for example, or a myriad of any other excuses. The overriding statement will be "see our terms and conditions" and "payout limits." Someone may well have a bet with "possible winnings 1,000,000" approved by a trader, but actually cashing it if it wins could be a different matter. I would actually like it if someone did win a million just to see what, if anything, happened, but I wouldn't say it was a done deal to be able to collect, I'm merely pointing out one of the many possible pitfalls that can be encountered when large sums of money are at stake. Punters have to be on very sure ground in these cases, I'm suggesting an example where things might not always be clear cut. One obvious solution if your bet would pay out at twice the advertised limits is to split it and bet with 2 bookmakers, surely a far safer proposition than testing the limits of any one bookie to pay out "over the odds." 

 

 

These limits are like this for long time. Even 10 years ago was the same. It's not only about the trader, that he takes bets up to 1 milion. The system let's you to bet until 1 milion, without any approval from the trader. If you want more than 1 milion, the trader always limits until 1 milion. So the system knows that the max limit is 1 milion EUR, the trader knows about the same limit, but the terms say 250.000 max win. And you say it's ok this 😂

I am betting in many places, everywhere the max limit accepted by the system/trader is the same like in terms. 

@Stubbe-UnibetDo you have anybody to ask, which is the real max possible win, 1 million that is accepted by the system/trader or 250k from the terms. 

[GR1ZZL3R]

2 hours ago, FunckyFish said:

And you say it's ok this 😂

I'm not saying it's ok at all. 🤨 I'm saying you've got two different limits, one in the terms and conditions and one with live traders, you're now saying there's a third, automated one. If you've never won a bet that should pay you out at more than the advertised limits you'll never know which limits to trust. 🤔 Personally I'm saying why risk it, I have accounts with a few betting sites as it seems you do, so  why run the risk of a massive disappointment,? 😭 Spreading these possibly risky payouts a bit thinner just seems sensible. 

 

Edited October 29, 2023 by GR1ZZL3R

[FunckyFish]

On 10/29/2023 at 8:50 PM, GR1ZZL3R said:

I'm not saying it's ok at all. 🤨 I'm saying you've got two different limits, one in the terms and conditions and one with live traders, you're now saying there's a third, automated one. If you've never won a bet that should pay you out at more than the advertised limits you'll never know which limits to trust. 🤔 Personally I'm saying why risk it, I have accounts with a few betting sites as it seems you do, so  why run the risk of a massive disappointment,? 😭 Spreading these possibly risky payouts a bit thinner just seems sensible. 

 

I didn't say anything about the live bets. I am talking only about prematch where the system knows that max limit is 1 milion, same the traders from prematch that are accepting higher bets. These traders are not from unibet, are from the provider that is offering the sport product to Unibet. @jjokioasked something here. I don't say I make now this kind of bets that are impossible to win. But still, since we are playing at Unibet, it's normal to know what's happening with the limits. @Jami-UnibetDo you have somebody that can check? 

[GR1ZZL3R]

20 minutes ago, FunckyFish said:

I didn't say anything about the live bets.

Neither did I, I meant a live trader that approves bets prematch, 👍 rather than automated approval.

I'd also be interested to see what the actual limits are, not that I'm ever going to put a bet on that will get near them. 😄

 

 

Jami left UB a few weeks ago. 😪 

Probably CS could give some answers but I'm not that desperate to find out.🤔

Edited November 1, 2023 by GR1ZZL3R

[Stubbe-Unibet]

https://www.unibet.co.uk/polopoly_fs/1.2286039.1681983299!/menu/standard/file/Unibet Uk.pdf

4) Betting and Payout Limitations 1) In order to guarantee the viability of each market, to avoid potential cases of fraud and match-fixing, and to be able to make a correct estimate of the risk involved in each product offered, Unibet will limit the net payout (the payout after the stake has been deducted) on any bet or combination of bets by one Account Holder at £250,000 for any bets placed or settled within a 24-hour timeframe

Literally all bookmakers got a similar rule to this, for the reasons mentioned in the rule. It's also just a theoretical discussion with no real-life relevance 🙂 

 

[GR1ZZL3R]

2 hours ago, Stubbe-Unibet said:

It's also just a theoretical discussion with no real-life relevance 🙂 

@Stubbe-Unibet That may well be the case as you see it but how many punters come to these threads querying pay outs, admittedly the majority not having read the t&cs. 

   Purely in the interests of research I have made a small bet with an extremely unlikely chance of winning, but it does illustrate one of the anomalies I think we're all trying to get to the bottom of. The bet was accepted immediately without any referral or conditions attached, even though the payout would far exceed the stated terms. Any unwary punter would obviously be extremely disappointed to think they've won over a million quid, however unlikely that seems, only to be told they haven't. I know we should all read t&cs but how many do?😪

 

 

                                                                                                

 

                                      Realising I've won a million quid.

 

           

             Being told its only a quarter of a million euros  

 

Edited November 1, 2023 by GR1ZZL3R

[Stubbe-Unibet]

1 hour ago, GR1ZZL3R said:

@Stubbe-Unibet That may well be the case as you see it but how many punters come to these threads querying pay outs, admittedly the majority not having read the t&cs. 

   Purely in the interests of research I have made a small bet with an extremely unlikely chance of winning, but it does illustrate one of the anomalies I think we're all trying to get to the bottom of. The bet was accepted immediately without any referral or conditions attached, even though the payout would far exceed the stated terms. Any unwary punter would obviously be extremely disappointed to think they've won over a million quid, however unlikely that seems, only to be told they haven't. I know we should all read t&cs but how many do?😪

 

 

                                                                                                

 

                                      Realising I've won a million quid.

 

           

             Being told its only a quarter of a million euros  

 

"Extremely unlikely". That's the thing. It's so unlikely it's not relevant. Not sure there's ever been anyone winning a bet with even odds 1,000,000 🙂

It's also a racing bet, not a sports bet, so different terms apply (don't have time to check if they're different in this regard).

[Livertool]

1 hour ago, Stubbe-Unibet said:

It's so unlikely it's not relevant. Not sure there's ever been anyone winning a bet with even odds 1,000,000 🙂

Even if we exclude over million odds out of this (which imo is relevant, someone always wins in lottery too with weaker odds) same rule apply for bigger bets too in 24 hour period, right. Ofc you should know rules you are playing and agreeing with but nonetheless shouldn't be too hard to restrict this happening from casino side?

As staff has said here earlier, stakes of tens of thousands are apparently accepted to bigger events so odds bigger than 10 or 20 to get past €250000 ain't so hard to achieve.

Edited November 1, 2023 by Livertool

[Stubbe-Unibet]

1 hour ago, Livertool said:

Even if we exclude over million odds out of this (which imo is relevant, someone always wins in lottery too with weaker odds) same rule apply for bigger bets too in 24 hour period, right. Ofc you should know rules you are playing and agreeing with but nonetheless shouldn't be too hard to restrict this happening from casino side?

As staff has said here earlier, stakes of tens of thousands are apparently accepted to bigger events so odds bigger than 10 or 20 to get past €250000 ain't so hard to achieve.

We're not talking casino here. Above are rules for sports betting only.

Also worth keeping in mind it's profit on bet, not total winnings.

[GR1ZZL3R]

 

2 hours ago, Stubbe-Unibet said:

"Extremely unlikely". That's the thing. It's so unlikely it's not relevant. Not sure there's ever been anyone winning a bet with even odds 1,000,000 🙂

It's also a racing bet, not a sports bet, so different terms apply (don't have time to check if they're different in this regard).

Personally I don't think the "extremely unlikely" should even come into it. It could happen, as the oft quoted odds of 14,000,000 to 1 odds for winning the UK lottery do happen regularly. The t&cs state that winnings will be limited to 250,000 E per 24 hours, but bets capable of winning more are taken, it appears, routinely. The original question was what happens if a bet wins more than the stated limit, which payout applies, (I'm guessing the lower limit  😄) and further  why can we make bets that would pay more if we can't collect more?  Talking racing or sports bet is just muddying the waters, I made a racing bet purely for convenience to see whether the limits could be surpassed, which are actually £100,000. A quick Google search throws up numerous examples of "extremely unlikely" winning bets that were very relevant for some lucky punters. 🤨

[Livertool]

15 hours ago, GR1ZZL3R said:

A quick Google search throws up numerous examples of "extremely unlikely" winning bets that were very relevant for some lucky punters. 🤨

Yes and he knows it but as company man he rather defend stupid ass rule that makes no sense what so ever and on top of that twist and turns what others are saying. Nowhere did i claim that casino and sportbet rules are same, in fact haven't mention casino at all 🤯

How hard can it be to just admit that to be able to make bets you can't get wins from is just wrong instead of making himself look like company clown, must be high salary 🤑

[Stubbe-Unibet]

Did a quick check and we have honored winnings of +€250,000/day before. Couldn't find any cases where we haven't, but that's again because it's so incredibly rare. I didn't find a single low stake & high odds bet which came close (would be surprised if there haven't been any in the history of Unibet, but it should be very few). 

I know you guys love these "what if" threads, but you must understand I work with a different product, and I really can't justify spending a lot of time on something that's not an actual issue but solely a theoretical one. We're currently just two in the poker team, so I've got enough to do 🙂 

In case it isn't clear - thought it was - the terms and conditions CAN of course result in winnings being limited. The terms and conditions do take priority.

Will lock the thread 🙂