Sports betting and trading can be a tough nut to crack with a lot of study and discipline needed.
However, when things start to click and you start to earn consistently, there is no better feeling. The hard work is worth it!
Then it starts to happen…
Bookmakers don’t want to play ball anymore. Now that you are winning, your business isn’t welcome.
Consistently profiting on Betfair Exchange?
Slammed with a premium charge.
Made over £25k in a year on Smarkets?
Now every trade is charged with a 3% commission, no matter if it wins or loses.
Whilst sports betting and making money from Betfair trading are still great opportunities. One of the most frustrating parts of investing your time into becoming skilled is that winners are penalized. It regularly leaves profitable sports bettors with limited places to bet.
Sports traders left looking at the additional charges for their success, often asking “is it still worth it?”
This is one of the big reasons that betting brokers exist. In this article, we’ll be using BetinAsia as our example.
What is a Betting Broker?
A betting broker acts as a middleman between a customer and a bookmaker. They usually work alongside some of the biggest Asian bookmakers in the world such as Pinnacle and BetISN.
Unlike their European counterparts, the majority of Asian bookmakers are “sharp bookmakers.”
This means that they accept winning “sharp” customers, rather than limiting anyone that is a winning player. These sharp bookmakers welcome their action and use sharp bettors to help them adjust their odds (like any bookmaker should).
Asian bookmakers such as Pinnacle want high volume in their markets, this is how their business model works.
Working alongside betting brokers helps bring in extra customers, and therefore extra money. Many Asian bookmakers are looking for this, which is a nice change from the European model. They only want money from mug punters.
The betting brokers benefit from this as they earn a small commission on the turnover of the players they refer, rather than their losses.
Why Do Betting Brokers Exist?
Betting brokers exist for a couple of reasons:
- The culture of limiting, banning or taxing winning sports bettors often leaves skilled sports bettors without much choice. They either move on to something else or use the skills they have built up over the years to bet into the Asian markets or exchanges via a broker.
- Betting brokers can allow bettors access to bookmakers that may have been more difficult to reach.
- For sports bettors that want to bet large amounts without intrusive checks being made into their personal finances. Professional bettors that understand variance and don’t want loss limits rendering them unable to bet and execute their betting strategy.
Example Of A Betting Broker – BetinAsia
Let’s take a look at the betting broker BetinAsia for example.
They offer a platform which allows you to bet with multiple exchanges and multiple Asian bookmakers.
The platform that Bet in Asia offer is called “Black.”
It allows you to see the best odds in the market in real time all under one account. It also indicates exactly how much money you will be able to stake at different odds. Meaning that before you place a bet the max amount of money available is very clear.
Professional sports bettors know the importance of getting the best odds on every single selection.
The ability to see all the available odds with exchanges and sharp bookmakers on one account is a big advantage along with actually being able to bet at all these outs without stake restrictions.
The Black platform allows you to bet with the following bookmakers and betting exchanges.
The “Black” platform allows you to bet pre-match or in-play and covers various different sports. All of the bookmakers that BetinAsia provide access to are sharp bookmakers. This means they won’t limit you even if you are a profitable bettor.
“Black” also gives you access to multiple different sports:
- Football (including Half Time and Corner bets)
- American Football
- Ice Hockey
Accessing Exchanges Through Bet In Asia
Alongside the “Black” platform Bet In Asia also offer access to the Orbit Exchange.
The Orbit Exchange works very much like the Betfair exchange, allowing you to act as you would on Betfair. Placing back bets and lay bets both pre-match and in-play.
A set 3% commission is charged on winning bets only. Making the Orbit exchange an attractive proposition if you are in a country that charges a higher commission.
The Orbit Exchange covers most of the major sports, such as:
- American Football
- Ice Hockey
- Horse Racing (lay betting not available)
Overall if you are having issues with accessing Betfair due to your country or perhaps deposit limits are ruining your ability to trade and bet effectively. The Orbit exchange is definitely an alternative that should be considered.
How to Fund a BetinAsia Account?
There are several ways to fund a BetinAsia account.
You can use the following:
- Debit/Credit Card
- Bank Transfer
- Rapid Transfer
- Much Better
Alongside traditional methods, BetinAsia also allow you to deposit with a number of cryptocurrencies.
When money is deposited it goes into the main wallet. This is the area where you can transfer money to the “black” platform or the Orbit Exchange. It is also the area where you can withdraw money back to your bank or method of choice.
Are there deposit and withdrawal fees?
The majority of deposits are free of charge with only debit/credit cards incurring a 3% fee. Which makes all other methods of deposit much more appealing.
Withdrawal fees are not charged if don’t withdraw money more than once every 30 days. If you look to make a second withdrawal in a 30-day period a charge of 2% is then applied.
Unlimited Betting Without Restrictions – Conclusion
Issues with restrictions, deposit limits and intrusive financial checks are certainly becoming more prevalent in the industry of sports betting.
This makes using a betting broker more appealing as these issues don’t look like they will be going away.
Betting brokers are used by many professional bettors due to many of the issues detailed in this article. BetinAsia for example has been around since 2011, betting brokers are not something that is brand new in the industry.
Overall if you are looking to bet without restrictions then it is certainly worth looking into BetinAsia.