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Why would you want more than one bookmaker or betting exchange account?
We explore why punters that want to get the most from their odds search and value betting should consider multiple bookmaker or betting exchange accounts
Published on 27 June 2019
Updated on 27 June 2019
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Before you can do any online sports betting you need to create a betting account with either a bookmaker or an online betting exchange. The absolute minimum for placing any bet, is obviously one betting account with one online bookmaker or one betting exchange. This is where most recreational punters stop.
If you ask several betting experts, they will tell you that one betting account is the minimum. However, if you want to make the most from your returns, then you should not go for the minimum, but explore more options.
That’s why I’ve tried to explore the pros and the cons of multiple betting accounts to help you with your choice. As, the common approach may might not be the best option for you, if you want access to more betting opportunities, betting markets and betting odds.
You should not just take my word for it, so let’s look at the different arguments, so you can make the best decision for your betting.
Bookmaker bonuses could lead to more betting accounts
One of the big reasons why you should create more than one betting account surrounds the opportunity to obtain more betting bonuses, which can sometimes help you take advantage of free betting money.
Okay, before we get ahead of ourselves, there is one thing you should know about “bonuses” in the gambling world. They’re not exactly free money per se, so they’re not the same as someone providing you with a national lottery win or winning cash from a prize draw.
Bookmaker bonuses have certain conditions attached, which will form part of the terms and conditions within online betting sites (sports related or not). This means that you should always read the fine print, even when it looks like someone is trying to give you something for nothing.
There are very few things that are free, so I recommend you double check the bookmaker or betting exchange terms for free bets or betting bonuses. The terms and conditions can sometimes be a limiting factor for multiple accounts...
For instance, you may get receive a sign-up bonus. But before you can claim the bonus you’re required to deposit or maybe wager funds equal to a specified amount.
The bookmakers or betting exchanges free bets and free bonuses from different companies may not have the same terms and conditions, so it’s sensible to review the small print before taking advantage of any offer.
Shopping bookmaker odds and monitoring changing prices
The current odds and changing odds prices across different bookmakers is an area that can cause the most concern for punters.
Different bookmakers provide access to different odds and sometimes the differences can be significant to make a difference to your anticipated betting returns.
Odds are one of the key factors for choosing an online bookmaker. During certain football games (well, this also works in some other sports too) a handicap is given to the underdog team (or player).
That also means a certain amount of goals are subtracted from the favourite team when looking at goals spread or Asian handicap bets. This manipulation of the goal scoring means the bookmaker can even-up to opponents with vastly different abilities.
So, if you check out the odds, this handicap makes the underdog a bit more desirable to receive your wager.
This is why you should investigate different odds, goals spreads, handicaps and other changeable parts of the bet, which could affect your potential returns. Sometimes using multiple sites or apps can help identify the sources with the best odds and opportunity for a better return.
Beating and evading unfair bookmaker limits
If you are a constant winner (congratulations, you have succeeded where many fail) or if you are in it for the long haul then it will seriously affect your potential returns if the bookie starts imposing betting limits. This may happen if/when your betting account is identified as unprofitable (from the bookmaker’s perspective win far too many profitable bets or playing an odds chasing game, such as arbitrage across multiple bookmakers.
Well, that doesn’t happen every day. But if it does, that will not bode well if limits are set on your account just when your winnings are starting to take shape.
Well, once a limit has been set on your account on one site, you can’t do lot from there. You just have to be patient, bet within the smaller limits or just keep playing even if you have betting limits...and as a result, you will receive vastly reduced winnings due to the much lower wager limits.
The simple solution—the easiest one out there actually—is to have accounts with different online bookies. If one account has been slapped with a limit then you can continue playing with another bookmaker where your account is yet to receive a limit or ban.
More betting opportunities with different bookmakers
Another reason why you may want more than one betting account is because you get more betting opportunities. We all know that betting websites are not the same.
There are betting websites that primarily offer football betting options. Some may not even have all games covered. So, if you only have an account on only one betting site then you miss out on certain betting opportunities, such as lower league soccer matches, friendlies and other match-ups, etc.
Most bookmaker sites will give you the opportunity to make the simple types of bets. However, there are other betting sites that offer more exotic and require a little more investigation. Some online bookies experiment with offers and bets and it might be an interesting experience to try them out.
You might also try opening betting accounts in sites from other countries. Let’s say for instance you primarily US betting sites. You might find the action to be quite refreshing to try UK based sites from time to time. However, you need to ensure the regulations are in place and you’re betting within the law of your local geography.
The betting regulations are constantly changing, so double check things are still good for you before placing your next bet.
Why maintaining multiple bookie accounts is sensible
Many of the reasons and examples above are valid reasons why you should consider more than one betting account.
Finally, I must reiterate that you should double check your local laws and betting regulations before signing up for betting accounts overseas…and remember to read the fine print of every wager and bonus before taking advantage of any free money or free bet offer.
Tags: Bookmakers, betfair
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