3 Very Good Reasons to have Multiple Bookmaker Accounts

Using just the 20 or so bookmakers showing in Oddschecker, the number of times Pinnacle appears in the viable options far outweighs the frequency of its competitors.

Like the backing bet comparison analysis, this weekend was a typical one for the Bundesliga and is also a fair reflection of the other top-flight leagues across Europe.

The long term advantage of doing the extra work in identifying alternatives to laying selections in Betfair amounts to approximately 2-3%. Again, with a large turnover of bets, 2-3% better off may become a significant amount, but of course this is down to personal choice. Some may consider the extra work involved identifying alternative combinations to laying in Betfair is not worth the extra reward.

(3) Staying under the bookmakers’ radar:

We are great believers in spreading risk and not having too many eggs in one basket. Although not every bet can win, hopefully enough bets will and in order to protect your bookmaker accounts from closure it is important not to rely too heavily on any particular account.

For example, placing many bets with a firm such as Stan James and showing them you have “the potential” to be a successful punter is a sure fire way of ensuring they close your account.

Alternatively, spreading your bets between a dozen different firms will hopefully spread your success with each a little thinner and increase your chances of remaining undetected for as long as possible. With this strategy in place, only if you hit a bruisingly good winning streak with a particular bookmaker are you likely to come to the attention of traders monitoring accounts and making decisions to restrict or cancel your membership. Spreading bets across many different accounts lessens the chances of any one account raising its head above the parapet.

The ideal situation is to find and use bookmaker accounts without any fear of being compromised for being too successful. Of course, if they also provide the best odds available, then you are potentially in dreamland…

CONCLUSION – Having several bookmaker accounts:

Personally speaking we think that backing in the bookmaker market is definitely worthwhile, even when up against an exchange charging less than Betfair’s 5% commission rate. In some cases, the bookmaker edge is the deciding factor in measuring whether a betting system lives or dies, but with every bet you place you should always maximize the ‘value’ you have already found by seeking out and utilizing the best odds you can find.

If your selection system is a mixture of backing and laying bets then the financial edge available with the bookmaker markets is compromised to some degree, but getting the best reward for your hard work in finding a system that works is always a priority.

Bonuses are another good reason to have several bookmaker accounts:

Bonuses are usually awarded when new bookmaker accounts are opened and many firms continue to email periodical bonus offers throughout the life of your account. Of course, the bookmaker is offering you what is effectively ‘free money’ and rather than gamble it away with no guarantee of reward, matched betting is a technique to turn these bonuses into instant cash.

Most bookmakers do not mind if you convert their bonus using a matched betting technique as invariably you will be attempting to lose the bonus (and perhaps your deposit) in the bookmaker account, whilst converting it into a win in your betting exchange account. It is a useful way of building up your betting bank and once you have mastered the method, it is a virtually risk free way of making money.

Last Update: 3 December 2012

Categories:Betting Exchanges Bookmakers

3 Responses to “3 Very Good Reasons to have Multiple Bookmaker Accounts”

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