You have a horse race you want to follow and place a bet on? You head to the bookmakers and see all of the odds are settled and nothing is left but the pre-match numbers flashing up on the screens. You log on to your account, only to find that your account has been suspended due to ‘no open’ transactions. What does this mean? Open your account and find out what no open means and what you need to do to get your betting account back to ‘open’ status.
No Open Indicates Something Bad
‘No open’ is a general term used when referring to a betting account that has been closed due to suspicious betting patterns. These patterns may indicate that the account is being used in some way for criminal activity — like money laundering or betting fraud. In these cases, the bookmakers are required to close the account and seize any funds inside. So, in a sense, ‘no open’ means ‘bad’.
If you receive this message when trying to open your betting account, it usually means that the bookmakers have detected something fishy about your betting activity. They aren’t accusing you of anything yet, but they are looking into it. Unfortunately, there is usually not much you can do about this. If the account is found to be contaminated with suspicious activity, the only option is to reopen it and start over. This is an unfortunate blow to your wallet, but it’s also a blow to your pride as a bettor. The good news is that it’s not necessarily the end of the road. Bookmakers are generally a friendly bunch and will work with you to ensure you don’t lose any money as a result of this.
What Is Suspicious Activity?
Suspicious activity typically takes the form of repeated betting on the same teams and/or players. For example, if you have a hunch that Liverpool will beat Manchester United in the upcoming match, you might place a small bet on Liverpool. A few days later, you’ll receive a notice of a ‘no open’ transaction. Once the bookmakers have concluded their investigation and determined that your betting behavior is indeed suspicious, they’ll contact you and let you know what actions they’re taking. Based on the results of their investigation, they may decide not to take any action and let your account remain ‘closed’, or they may decide to ‘block’ your account and won’t let you make any more transactions. If they decide to block your account, you will have to contact them directly to get your account back. In either case, you’ll have to start over from scratch.
What To Do If You Receive This Message
If you receive this message when trying to open your betting account, it usually means that the bookmakers have detected something fishy about your betting activity. They aren’t accusing you of anything yet, but they are looking into it. Unfortunately, there is usually not much you can do about this. If the account is found to be contaminated with suspicious activity, the only option is to reopen it and start over. This is an unfortunate blow to your wallet, but it’s also a blow to your pride as a bettor. The good news is that it’s not necessarily the end of the road. Bookmakers are generally a friendly bunch and will work with you to ensure you don’t lose any money as a result of this.
If you want to keep your betting account open, it’s imperative that you don’t let anything like this happen. Unfortunately, due to the high volume of online betting activity, it’s easy for criminals to sneak in and place suspicious bets. Thus, it’s imperative that you remain vigilant about any suspicious activity on your accounts and report any irregularities immediately. Also, it’s a good idea to change your passwords frequently and use different passwords for different accounts. Doing so makes it more difficult for criminals to access your personal details. Finally, if you do get hit with ‘no open’ and your account ends up being compromised, contact your bank or financial services provider as soon as possible and report the incident. They will be able to put you in touch with the proper authorities to ensure that your account is not used for any criminal activity.