Joe Perry has been given a three-month ban by the World Professional Billiards and Snooker Association - suspended until May 2018 - for breaching betting rules.
Perry, 42, admitted placing 193 bets over a four-year period between September 2009 and June 2013 worth £2,806.49, making a profit of £832.09.
None of the bets involved matches in which he was competing, but he did bet on matches in tournaments in which he was involved. He was also fined £2,500.
A WPBSA statement added: "There is no suggestion whatsoever that Mr Perry was doing anything to influence match outcomes or engaged in any corrupt activity, he was solely betting on snooker."
The ban is suspended until the end of next year's World Championship provided there are no other subsequently proven breaches, the WPBSA confirmed.