Bookie restrictions: An insider’s advice on keeping your accounts open (plus min bet law news)

I have more news and advice today on the topic of bookmaker restrictions and closures including specific advice on why the forthcoming Aintree Grand National meeting is such a good time to take action on this front.

Before that though, some interesting news came out this week on restrictions following our call to action to email the Gambling Commission about how they had impacted you. Greg Wood of the Guardian published this fascinating article on Sunday, which outlined how action might not be far away on a min bet law…

Representatives met with senior Gambling Commission officials on Thursday to discuss the possibility of a minimum bet limit becoming a requirement of a bookmaker’s operating licence, and apparently left believing that it will, at some point, become a reality.”

I followed up on this article with Brian Chappell from Justice for Punters who attended the meeting referred to and because he and his colleagues have also met with others since. He had this to say:

“We mustn’t get carried away, because a lot of what is required for a Minimum Bet Law (MBL) is out of the control of punters, except for campaigning, so it’s really important that people contact the Gambling Commission as part of their present consultation as outlined here.

The possible options on the table are; that companies finally, due to pressure, realise they are trading unfairly meaning they enter into constructive discussion about a voluntary MBL, new primary legislation, which will be difficult to progress quickly due to the UK parliament being obsessed with Brexit, or the CMA forcing companies to be clear in their T&Cs that winning using skill is not allowed. It is, therefore crucial SBC readers continue to email the GC with details of any stupid account restrictions they incur.”

He went on to say that everyone should read the Victoria, Australia MBL rules, because this is what Justice For Punters is campaigning to be introduced and nothing less.

That’s the future, but what about avoiding restrictions right now?

Whilst the above is very encouraging news, until such a time as a minimum bet law is introduced, we must still be careful to protect our existing bookmaker accounts from future restrictions and closures.

..And with the Aintree Grand National meeting coming up – a time when thousands of new bookmaker accounts are being opened from people with no idea about betting, it’s also a fantastic chance for shrewd punters to hide in plain sight and have your accounts ‘coded’ as safe.

To explain more on this and to help you best understand how bookies track your accounts, I wanted to share an article written by a bookie insider for the Smart Betting Club on this very topic.

This insider has spent years working on both sides of the betting fence so is uniquely positioned to offer advice about how to get your bets on.

His approach is all about ensuring your account is coded as ‘safe’ in its infancy and following certain strategies to fool the bookies into thinking you don’t know what you are doing (despite the fact you do!)

Even though this article was first written in late 2016, much of the advice is still very relevant…so without further ado, here is the lowdown from our Bookie Insider

An insider speaks – how to ‘code’ your accounts as safe

From the point of view of someone who has been on both sides of the fence over the last 15 years or so, it’s best to view the battle between shrewd punters who want to maintain winning accounts and the bookies who want to shut them down as a game of cat-and-mouse.

Bookies have moved well beyond analysing the behaviour of their customers in an attempt to restrict those who will beat them, into employing increasingly smart technology to catch those who discover loopholes and cover their tracks.

Tracking software has become ubiquitous with all major bookies – the likes of iesnare and iovation have been the subject of huge controversy as the grey area of customers’ privacy is challenged. But avoiding these legally-dubious methods is just the first step to take when engaging in the battle of smarts and wills with the online bookmaker and by which ‘unwelcome’ punters can keep under the radar of the bookies’ account-coding teams.

These teams work hand-in-hand with the liabilities department, examining each bet that meets certain criteria, such as those which are due to return more than a certain amount, those from punters who are already being monitored, or those on specific events or niche markets where the firm in question might be vulnerable to savvy customers.

One approach is to try to avoid being ‘coded’ at all – to escape the attention of the hawk-eyed account restrictors by staying under the radar with small bets in the hope of not being noticed. This is possible but it’s tougher than ever to pull off – if your betting patterns are shrewd you’re likely to get noticed at some point and then it’s back to square one.

Try and get marked up early as a ‘safe’ account

Another method, and the one we’re focused on here, is to actively try and get marked up early as a ‘safe’ account, one in which the betting patterns suggest it’s operated by a typical losing punter.

This involves pre-empting the marking of the account by making it look as though the account will be a winning one for the bookie, one likely to consistently lose money over the long-term.

These accounts will tend to have a less rigorous filter applied to them, meaning that for bets to appear on the liability team’s screens they have to be at or close to the market’s maximum stake, or that the event is being subject to particular scrutiny (in which case all bets on that event will be flagged up).

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Put yourself in the bookies shoes

To get an idea of how to go about this, try putting yourself in the bookie’s shoes – if you were charged with coding accounts as good or bad for business, what would you do?

The customers that firms like the best are those who lose consistently and reliably, whether involving big or small amounts. Punters like this who lose small (probably 95 per cent of a firm’s active clients) rarely appear on the coders’ radar as the system filters their bets out as irrelevant – they’ll generally be small non-price-sensitive stakes on big markets, or multiples thereof.

To come to a coder’s attention with a young account then it generally would require that account to feature bets on small markets or niche events with bets close to the maximum stake allowed. If you open an account and your first bet is a large one at a stand-out price on, say, a speedway event, it’ll raise a red flag.

If, on the other hand, it’s Sunderland to beat Chelsea 6-2 or a goalscorer accumulator across a few live games, your bets will either be passed over or you’ll be considered a ‘safe’ punter and put under consideration to have your staking limits increased by 20 or 50 per cent.

Consider opening your account at a busy time – like the Grand National

Therefore one approach is to open your account and making your first wagers at a busy time for the firm – the afternoon of the opening day at Aintree or Cheltenham will guarantee your first few bets will sneak through unnoticed. Together with a sign-up offer, a few doubles or trebles on horses close to best price will fit in with the profile of a typical punter, all while giving an expected return of close to 100 per cent of your outlay. The forthcoming Aintree meeting culminating with the Grand National is as good a time as ever to do this.

Bookies don’t like serial bonus (ab)users but they’re generally happy to oblige customers who they feel will be long-term losers, so free bets can generally be incorporated into the ‘churn’ of a new account, lowering the cost of getting the account into respectable shape.

After a few neutral bets on high-profile races or football games, consider a couple of spins of the roulette wheel or engage the ‘cash out’ feature. Most shrewd punters will run a mile from these gimmicks, which take margin from you at both ends of the bet, but that’s the point – these are the kind of customers they’re looking for.

Likewise, in-play football and tennis betting, where the odds are generated automatically and at high margins, are good markets to throw a bookie off the scent, as are ‘virtual’ markets, which have a casino-style house edge built in.

Unfortunately, this strategy will almost inevitably entail losing money for the first few bets but smart punters have to consider the long game – with the bigger picture in mind this should be considered a sacrifice worth taking.

Long-term value of a bookie account that goes under the radar

You might lose a few quid this way, yet have the long-term value of a bookie account that goes under the radar. That can be priceless.

Only once your account reflects the behaviour of a casual punter should you try to draw attention to it by striking bets that will get you noticed by those monitoring the bet streams. ‘Mug’ bets on any sport but particularly football accumulators or side markets at below top price should be considered alongside your ‘shrewd bets’.

If an account marker likes what he sees, he might deem your account ‘safe’, increase your staking limits and hopefully enable you to fly under the radar if you manage your account carefully. This involves generally avoiding hitting maximum stakes (75% or less of the limit is a good guide – anything higher will attract the attention of the liabilities department) and steering clear of niche sports and small, illiquid markets which could attract the attention of compilers as well as liability managers.

Remember, you’re trying to strike a balance between persuading a trained operative that you’ll be a consistent loser in future, without losing too much money while doing so. It’s not easy but it can be relatively cheap if you stick to big prices (which should in reality be far bigger) which will have lower maximum stake limits and therefore trigger the bookie’s monitoring systems without having to risk a lot of money.

If this approach is successful and your account has been deemed ‘safe’, it will be monitored more loosely, allowing bigger stakes and hopefully increasing its lifespan. Care still needs to be taken of course, but if your limits are raised and your bet doesn’t automatically pop up on a liability manager’s screen, that’s half the battle won.

4 key points to consider…

So in summary, the main advice would be:

  • Avoid drawing attention to your account in the first few days; bet like they want you to bet for your first couple of dozen or so wagers.
  • Use the firm’s gaming app a few times and cash out a few bets; play in-running sports markets and the occasional virtual race.
  • Once you’re happy your account history looks like that of a losing punter or chancer, bet to get noticed, ideally avoiding busy times so they can get a good look at your apparent ineptitude.
  • This means hitting maximum stakes on poor value bets (ideally at big prices, to limit losses), which will appear on the liability screens, meaning your account will be examined.

If the employee monitoring the liability screens likes what he sees and is in a good mood, he may loosen the restrictions on your account and help your account stay under the radar, increasing its lifespan.

Whatever you do – good luck with your betting and keeping your bookmaker accounts open as long as possible. It can be done with the right approach.

More advice at hand…

My thanks go to our ‘bookie insider’ for taking the time to pen the above article and share his insight with us all. Thousands of new punters open up accounts to bet on the Grand National (which takes place on the 14th April this year), so its a great time to consider trying to hide in plain sight.

Whilst restrictions of bookmaker accounts are a real problem, there are always things we as punters can do to circumnavigate them such as:

  • Not always taking the absolute best price on a bet
  • Never taking a price with a bookmaker which is shorter on a betting exchange (they will accuse you of arbing)
  • Being sensitive to which markets and when betting on them might flag your account (for example – taking early prices for all non-major horse racing markets is a big no-no)
  • Avoiding specific niche markets
  • Spreading your stakes and winnings around the bookmaker accounts you maintain.

There is further, detailed advice on all of the above and more in the special Restrictions & Closures only section of the SBC website (SBC membership required) for those of you keen to learn more.

Plus – Advice on the best Exchange-only Tipsters

One of the absolute best ways to avoid all issues of restrictions is to simply bet on Betting Exchanges only. There are more valid exchange options available these days with Smarkets, Betdaq & Matchbook all offering lower commission rates and challenging Betfair’s long held dominance so its a growing area. None of whom will ever restrict or close your account for being successful.

For those of you keen to find out more on the Exchange based tipsters we recommend, you can find a list of them available via the Exchange Betting members-only section of the SBC website.

Every single tipster review we publish these days explores the potential of following them via Betting Exchanges with more and more options coming out of the woodwork these days.

Some can be followed at Betfair SP, with others simply by placing your bets in live racing or sports markets and getting great value prices.

So, even if you have had your bookmaker accounts closed off, there are still several very genuine and realistic options out there for you!

You can read all of our expert content on avoiding restrictions and the best tipsters for betting exchanges with a Smart Betting Club membership.


Save £45 Right Now & 90 Day Money Back Guarantee

By joining the Smart Betting Club today, you can also save up to £45 on the cost of a membership as we have slashed our prices for 2018.

You can also enjoy a 90 day anytime money-back-guarantee, so you can try our service out for size and if you find it not to your liking (something we feel is highly unlikely) then claim a full refund.

We know we can make a difference to your punting – so why not sign-up right away and get started immediately.

Best Regards,

Peter Ling
Smart Betting Club Editor
pete@smartbettingclub.com

Restricted By The Bookies? 10 Expert Betting Exchange Tips (Part 2)

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Today, I am continuing with Part 2 of my guide to using the betting exchanges to maximise your racing profits

If you missed Part 1 on this subject, you can read my first 5 betting exchange tips here

OK, back to business with Tips 6 through to 10…

6) Don’t Bet If The Value Has Gone

Although it’s down as point 6, in actual fact it is one of the most fundamentally important points to consider when betting full stop: VALUE.

All successful punting is based on the concept of value betting – the fact that the odds for any particular bet are priced in your favour. The odds you take on a bet really matter.

If you can get 5/1 on a horse that should be 4/1, then you have a strong value bet.

Yet if the same tipped up horse at 4/1 is only available at 3/1 – the opposite applies.

If you constantly are taking too short a price on a horse, you will lose money.

Which is why it’s important to ONLY bet if the value is still there.

Many good tipsters recognise this and put up their minimum value odds to make you aware of where the value cut-off point actually lies.

They recognise that a tip might see market support and if it does, you know where to draw the line.

If restricted to exchange betting, look out for this and stick to the minimum value thresholds – they are there for a reason and they will guide you as to the prices to take.

And whatever you do – never feel obliged to place a bet regardless the price. The next value bet will be along before you know it. Feeling you NEED to have a bet for the sake of it is not healthy for you or your bank balance!

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7) Recognise You Will Win Some, Lose Some

Mindful of the need to take a value price, if exchange betting you must accept that sometimes you will miss out on a bet if the odds are too low.

Yet on the flipside, you might also get BETTER odds on other bets when the odds drift.

Whilst on occasions, you might miss out on a winning bet because you can’t get the right odds, on other occasions you will enjoy a bigger payout through this strategy.

If and when this happens, remember the logic behind it all and try to be as phlegmatic as possible.

All gamblers HATE missing out on winning bets, especially if they feel they should have been on it, yet they very rarely remember the times they missed out on a bet that lost.

My suggestion here is to consider keeping a record of each occasion you miss out on a bet (both winners and losers) or get a greater value price than you might have originally. Through this, you can track the ups and downs and see at a glance exactly how you have fared overall.

I Like That SBC Is Independent”…

I like that the SBC is independent. I know that when they recommend a tipster, or upgrade or downgrade an existing rating, that their opinion is based on results and judgement, not on hidden commissions.”    
As written by ‘K’ – SBC member

Click here to read more from K on his SBC membership experience

8) Don’t Worry About Drifters

Flowing on from this last point – don’t also get too bogged down by the idea that a ‘drifter’ (a horse whose odds get bigger as the race draws nearer) is no longer worth backing.

Racing pundits like to bang on about horses being weak or friendless in a market, yet the reality is they have no idea if this market move is significant or not.  They are often just filling airtime.

If market support was so telling – everyone would simply lump on a horse at the first sign of it being backed in.

Unless there is clear evidence a horse has something wrong with it before a race, don’t be unperturbed by backing a ‘drifting’ bet.

Look at it instead as a chance to get better value. If you can get 10/1 about a tip advised as value at 6/1 earlier in the day – take it!

After all, unless the horse in question has a major problem – if a tipster you trust said that 6/1 is a value price, then 10/1 will represent a massive increase.

 

9) Can’t Get Matched Straight Away? Put In A Request

If you can’t get on a bet earlier in the day at a value price, you might also like to consider putting in a request to get matched on the exchanges later on that day.

There are two ways you can do this – requesting a price pre-race and also in-play.

Pre-race betting is easy – you set the odds you want to take and put the request into the market to hopefully be matched. If come the start of the race it isn’t matched, the bet is cancelled.

Putting a bet in the in-play market is different as it ensures the bet will also remain available throughout the race as it takes place.

When doing this, it’s important to be aware that you will ALWAYS be matched in-play on any bet that loses the race BUT there is no guarantee you will be matched on a winner.

Therefore, you do have to approach in-play betting with caution and it is best when used in conjunction with watching a race live and an understanding of racing in general.

You also might only want to leave a bet to be matched in-play, when the odds pre-race are very close to those you wish to take OR perhaps risking only half stakes.

Equally if you have a good knowledge of racing, you might want to make judgements based on the competitiveness of each race, the merits of each horse (does it prefer setting the pace or being a backmarker) and the distance run.

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10) Don’t Limit Yourself To Just Betfair

When most punters think of betting exchanges, they immediately think of Betfair, which is only natural as they were the original and now biggest exchange.

These days, Betfair do standout for another reason – they charge a higher commission rate then many of their rivals.

Betfair’s base rate starts at 5% commission on all bets – a sum that does decrease but only once you place a significant number of bets with them.

Instead I recommend you open and use accounts with 2 exchange rivals: Smarkets & Matchbook – both of whom charge much lower commission rates. Smarkets for example charge a flat 2% commission on all bets.

This 3% difference might not sound like a lot but it really does all up over time.

Another alternative option is also Betdaq, although their commission rate also starts at 5%.

My suggestion therefore when exchange betting is to try and place your bet with either Smarkets or Matchbook first.

Usually you will be able to obtain identical odds to those on Betfair, yet you lose less in your winnings to commission.

MAKE MONEY BETTING WITH TIPSTERS

I do hope over the course of this 2-part guide I have helped provide some answers to questions you might have about betting on the exchanges.

If you are looking for further assistance with your racing betting (or just betting in general) then you might like to consider a Smart Betting Club membership.

We track hundreds of tipsters each day in order to independently report back on the best experts that can realistically make money betting – whether on the exchanges or with the bookies.

So why not join up today and see how we can help you and your betting.


<< JOIN THE Smart Betting Club TODAY >>

See you on the inside.

Peter Ling
SBC Editor

“90-DAY 100% SATISFACTION MONEY BACK GUARANTEE”……

“I believe so strongly in SBC’s ability to help your betting, you can subscribe with a 100% cast-iron 90-day money back guarantee”.
SBC Editor – Peter Ling     Subscribe Now

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Restricted By The Bookies? 10 Expert Betting Exchange Tips (Part 1)

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It is common knowledge these days that if making money betting on horse racing, you will at some point encounter difficulty with either your stakes being restricted or even your bookmaker account being closed.

There are some exceptions to this rule such as the ‘winners welcome’ firm, Black Type and it’s fair to say that each bookmaker approaches it differently (as outlined in our ‘Getting On’ Report last September).

Yet for many punters, one of the most popular places to bet without issue are the betting exchanges.

Which is why I have put together this 2-part guide, featuring 10 betting exchange tips for following racing tipsters.

 

1) Understand When The Money Hits Racing Exchange Markets

As an exchange-only racing punter, it’s important to understand that the vast majority of money only starts to flow into most racing markets approximately 10 to 15 minutes before the off.

(I say most as there are some obvious exceptions such as at Cheltenham or other big race meetings, which will see larger sums traded earlier)

To showcase this, compare the amount of money traded on Betfair for each of these 5 races that took place on Monday the 27th March 2017.

I simply noted down the amount of money traded at 3 time points: 21 minutes, 11 minutes and 1 minute before the off for each of the 5 races.

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Without exception, the most trading took place in the 11 minutes before each race started.

Take the 4.30pm race as one example – at 4.19pm, there was £60,925 traded yet come 4.29pm, this was £495,057.

Within 10 minutes an extra £434,132 had been traded – 87% of the entire market!

The knock-on effect of this is two-fold.

Firstly, its knowing that the majority of trading takes place and when your exchange bet is most likely to be matched.

Secondly, its understanding that prior to the final 10 minutes, it is harder to get your racing bet accepted, especially if it’s based on advice coming from a popular tipster.

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2) Avoid Tipsters That Advise Bets Early

Just as the final 10 minutes leading up to race time sees most of the action on the exchanges, the very early stages of a racing market see very little activity indeed.

All of which makes understanding how far in advance a tipster puts up a bet crucial, because as a general rule – the earlier a tip is put up, the harder it is to get the advised price (and vice versa)

Tipsters who advise tips the evening before racing, often provide you with next to no chance of following if restricted to using the exchanges only.

To give an example, I currently proof one racing tipster that puts up bets around 6pm the evening before racing.

As I write this article I noted they had just put forward a tip at 6/1 for a race at 3.20pm the following day. Immediately jumping to the Betfair market for this race, I found that just £492 had been matched across all 10 runners in this race at that point.

The advised 6/1 price was now as short as 5.1 (4/1) on the exchange so already the value had to a large part disappeared. Obviously a few punters following this tipster had gobbled up what little money there was to be had at 6/1.

It’s a scenario I have seen unfold countless times with this tipster (and it’s the main reason we have not recommended them to SBC members) and they are patently unsuitable to an exchange-only punter.

Yet they are not alone in tipping up so early in advance of a race – so be very careful to avoid such tipsters if limited to exchanges only.

I have made around 20k per year extra”…

I used to work as trader for Paddypower and Sportsbet so i have an obvious interest in betting. [Using Tipsters] I have made around 20k per year extra.”    
As written by Justin – An SBC member since December 2013

Click here to read more from Justin on his SBC membership experience

3) Focus On Tipsters Where The Odds Hold Up

The next point is an obvious one – if using exchanges, don’t follow tipsters where the advised odds are going to get smashed in.

Take for example a free tipster like Hugh Taylor. As soon as he puts up a tip, hundreds of people rush to bet on it and in turn the bookies slash the odds due to the huge volume of money coming in.

Yet, despite this, Hugh still settles his bets at the original advised price he quotes, which only a very small number of punters will have realistically obtained.

In this scenario, there is next to no chance you will get matched on his tips at this price via the exchanges UNLESS the price bounces back. And given how much his odds move downwards, this is highly unlikely to happen too often.

This is why here at SBC we rate all tipsters by ‘odds availability’ and track how their odds move compared to the results they settle to. It helps to identify tipsters you can use on the exchanges.

Take the odds tracking we performed on one tipster first reviewed in November 2016. We tracked over 100 tips and how their advised prices moved immediately and after 15 and 60 minutes had elapsed.

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As the table indicates – the average odds available after 0, 15 and 60 minutes were better than those the tipster was quoting!

Why exactly was this? Well, it went down to the simple fact this tipster was only quoting a price if AT LEAST 3 proper bookmakers were offering it and wasn’t putting the tips up until around midday.

Effectively, you could improve on the quoted odds and ultimately this is exactly the type of tipster you can follow on the exchanges.

4) Consider Betfair SP Tipsters

One of the simplest angles to make a profit on the exchanges is by following tipsters that make a profit at Betfair SP (after commission of course!).

They offer the easiest, most simple approach as once a tip comes in – you simply place the bet, stick in your stake at Betfair and walk away.

Although the number of profitable Betfair SP tipsters is growing, it’s still a fairly small pool to choose from currently.

Alongside All Weather Profits (read all about them and their £1 30 day trial here) I have recently been investigating another racing tipster with a tremendous track-record at Betfair SP.

Over the course of 1092 bets – at simple 1 point level stakes, they have made a 167.3 point profit at 15.3% ROI. This is after 5% Betfair SP commission has been deducted.

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Providing one simple angle for those of you after a simple exchange tipster for you follow.

5) YET…If You Can, Don’t Always Take Betfair SP!

Whilst the Betfair SP angle does work and is good for those of you short of time – you can often get better prices simply by taking a bet on the exchanges closer to the off rather than just Betfair SP – especially when it comes to a popular tipster.

This is because the more people that bet on a horse at Betfair SP, the greater the chance that the final Betfair SP odds will be shorter than they should be. Betfair SP effectively cannabilises itself.

Therefore, if following a ‘Betfair SP’ tipster, my suggestion for optimal profits is to consider placing a bet in the traditional exchange market before the race starts.

This might require you logging onto the exchange in the 15 minutes before the race and simply taking the best price available at this time.

By doing this, you can often get a better edge than simply taking Betfair SP.

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MAKE MONEY WITH TIPSTERS

That’s my first 5 tips done and dusted and I will be back in a few days with 5 more pointers on how to use the exchanges if following tipsters.

In the interim, if you are interested in discovering more on the best tipsters for use on both betting exchanges and with bookmakers, then the Smart Betting Club is here to help you.

Our uniquely detailed reviews, ratings and recommendations will showcase to you the best tipsters across a whole variety of categories including:

  • The Best Horse Racing Tipsters
  • The Best Sports Tipsters
  • The Best Free Tipsters
  • The Best ‘Odds Availability’ Tipsters
  • The Best Betting Bank Growth Tipsters
  • & Much More Besides!

Making it as easy as possible for you to find the right tipsters for you to follow!

Best of all you can sign-up with the full peace of mind of our 90-day make money guarantee and benefit from our significantly reduced 2017 pricing.


<< JOIN THE Smart Betting Club TODAY >>

See you on the inside.

Peter Ling
SBC Editor

“90-DAY 100% SATISFACTION MONEY BACK GUARANTEE”……

“I believe so strongly in SBC’s ability to help your betting, you can subscribe with a 100% cast-iron 90-day money back guarantee”.
SBC Editor – Peter Ling     Subscribe Now

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