Many people want to start getting into arbitrage betting but aren’t sure which online bookmakers to start an account with. You must choose wisely on which bookmakers to open a betting account as it’s the first steps to arbs betting success. In this blog post we’ll be going through the factors you should be looking at when deciding which online bookmakers to choose. For effective arbs betting you’ll need to open multiple accounts to make a profit.
Online Bookmaker Criteria
Here are some of the key factors you need to think about when starting sure betting:
- Number of Arbs
- Reliability
- Handling of Arbers
- Verification Procedure
- Withdrawal/ Deposit Process
Number of Arbs
The number of arbs is an important criterion when choosing a bookmaker. BetSlayer offers a free 7-day trial so you can see which bookmakers have a lot of arbs. Then, you can determine which bookmakers work well for you. The 7-day trial allows you to see a lot of arbs and test the accuracy of those arbs without committing any financial resources. When you identify 5-10 bookmakers who have arbs on BetSlayer’s website, then you can think about making the plunge.
Reliability
The dependability of bookmakers is one of the most important factors when deciding on a bookie to open an account with. Ensuring that your money is safe when putting it into the account. There are bookmakers out there who delay withdrawing your money and look for any small reason, not to pay-out. You should be avoiding this kind of bookmakers; however, the question is, how do you find a reliable one? The first thing you should do is evaluate online bookmakers’ ratings and customer reviews online. This will build a picture of what others think about the bookies and will guide you in the correct direction.
Another source of information you can look at are betting forums and communities online with a variety of opinions on what they think of popular bookmakers. This will help you get information about the reliability and answer some of your questions.
Handling of Arbers
Many bookmakers are struggling with arbing and the methods they’re using are quite complicated. Some bookies are loyal to arbers and some tolerate arbitrage bettors. It’s fair that these bookies often attract professional gamblers who don’t want to have their account limited to a few of bets. Betting exchanges are generally good for arbitrage betting. Betting exchanges get paid on whoever wins the bet. Betting exchanges are matching up two punters for each side of the bet. So, if you place an arbitrage bet on a betting exchange, you are going against another punter not against the bookmaker. The betting exchange just takes a small cut of the win.
Verification Procedure
Before setting up your account with the bookies, you should have a read about the verification time and process. The verification process is different between each bookmaker, some bookies may ask for some documentation after the first request for withdrawal of funds. While some ask for verification after you first register.
Withdrawal / Deposit Methods
It’s often difficult to analyse verification processes until you go through it yourself, whereas payment methods are often available to read on the bookmaker’s website. They often have a variety of payment methods you can use including popular methods such as PayPal, Neteller and Skrill.
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