Opening multiple betting accounts is the best way to increase your betting profits if you do it correctly and for the right reasons. However, it can also be a borderline scam and land you in the betting wilderness if you get flagged by a big online bookie and go about things in the wrong way. You will find more information on if and how to have several accounts in this multiple betting accounts blog post.
You can have multiple betting accounts
You can open as many betting accounts as you like, provided you only open one with each bookmaker. There is no limit to using online betting services, you can use as many as you can, and while every bookmaker would prefer that you only bet with them, there is nothing they can do to stop you from betting elsewhere.
However, when you try to open more than one account with a bookmaker, you engage in gaming. All bookmakers, for any reason, prohibit the activity of dwarfs. Setting up many betting accounts in this way puts you squarely in a legal gray area, which will most likely result in you being banned from the big bookies.
The benefit of having multiple betting accounts
A betting account is a thing that allows you to place bets on different types of sports. Many bettors work with the biggest sports in the world, which, due to their popularity, also allow sufficient chances to win big. When betting, various major events and their history behind them, should always be kept in mind. For example, the 2022 FIFA World Cup will bring new names and legends. But for one of the most famous players in soccer – some would say the best player of all time – it could already be the end. Lionel Messi will see after this World Cup, what alternatively happens at the professional level yet. Such information, for example, can have a great impact on betting odds.
You should open your betting accounts only with those bookmakers that are completely trustworthy. As a rule, one bettor has only one betting account because its comprehensive management requires a lot of effort and time.
You can open several accounts simultaneously if you want to become a professional sports investor with a fairly long career. Although it may seem quite difficult, several betting accounts can bring certain advantages, leading to other advantages.
Betting experts say not opening multiple betting accounts is like voluntarily giving up rich opportunities to generate additional profits. Let’s check out a bit more about the advantages of multiple accounts.
1. Better betting options
Multiple accounts lead to betting flexibility and better opportunities. There are many cases where a bookmaker does not offer the options punters highly request. It can refer to spread betting, Swedish football leagues, etc.
In this case, these bettors are advised to find a bookmaker to satisfy all their requirements. The betting industry is so developed that there is a bookmaker that will provide you with everything.
2. Freedom of choice
Different bookmakers have different rules and conditions. So if you only deal with one bookmaker, you are limited to these rules, which can bind all your betting. However, multiple accounts will allow you to find the bookmaker with the most suitable conditions.
Also, don’t forget about extremely important payment options. Sometimes bookmakers may change their options, and you may be unable to take cash out of your winnings at that bookmaker. Fortunately, you may have other accounts you can continue to bet.
3. Greater benefits
Finally, multiple accounts are highly profitable and give you advantages that you won’t find betting on just one. The fact is that having two or more accounts will increase your chances of taking advantage of the free bets and deposit bonuses that bookmakers sometimes offer.
Multiple accounts are also ideal opportunities for arbitrage betting. Different bookmakers can offer different odds on the same event. So a little research can bring you decent profits.
So you can see that multiple accounts have many advantages. However, this does not mean you should open accounts with as many bookmakers as possible. No, the best option is to open three to four accounts. In this case, you will be able to manage and use them to their full extent.
How to open multiple betting accounts
There is no special secret behind opening multiple betting accounts, provided that you open these accounts with different bookmakers. You need to find a list of good bookmakers to join and give them the information they need to set up a betting account. It includes information such as:
- Name and surname
- Contact number
Sometimes, you must provide proof of your identity to the bookmaker to use your betting account. While setting up your multiple betting accounts, you may want to keep track of which bookies you connect to using a spreadsheet. It is essential to use a password manager which helps you set and get strong passwords for your betting accounts.
Bet-matching while having multiple accounts
One of the primary reasons punters set up more than one making bet money owed is to convert bookie unfastened bet offers into hard cash. It includes:
- Creating an account at a bookmaker
- Depositing finances
- Putting a qualifying bet on the bookmaker to earn a free guess
- Laying the same selection at a betting trade ensures you get a payout whether your choice wins or loses.
- Using the free bet at the bookie on a selection in their making bet markets, then laying that choice at a trade. This is executed to win the lay wager, which correctly turns the unfastened wager into coins that may withdraw from the change.
As soon as you have mastered the bet-matching approach, you can convert as many free wagers as you can access into coins. Matched betting is an approach utilized by punters which focuses on making a profit honestly with the aid of making bet promotions. Rather than selecting a winner or a desired final result, you could cowl all bases and make sure you obtain some winnings no matter the result; what is greater, it’s legal.
As we have learned thus far, having multiple betting accounts with many bookmakers can benefit you in more ways than one. You must remember that those bookmakers must be trustworthy and you should be easily able to get hold of them in case of any difficulty or problem.