Betting Guide: What Is a ‘Betting Broker’ and How to Use Them?
First and foremost, bet brokers aim to provide satisfaction to the needs of professional or ‘high-roller’ clients. They place large stakes at great odds for their clients without the limits imposed by bookies such as account closures for winners, and stake restrictions.
Employing bet brokers in your sports betting strategies actually provide many benefits as compared to using conventional bookies.
So, let’s take a closer look as to what a bet broker really is to help you utilise this knowledge when you start betting.
What is a Bet Broker
In essence, bet brokers – sometimes called betting agents — get you closer to various bookmakers so that you can have access to the best odds in the market. This helps you maximise your betting efficiency and profit, as you have someone to look for the best prices for you.
Bet brokers guarantee anonymity, which is essential for most professional punters. Moreover, they can also take care of your deposits and withdrawals, so that you can transfer funds between your accounts from different bookies with ease.
What Are the Benefits of Using a Bet Broker
While we have mentioned some of the main benefits of having a bet broker, allow us to dig a little deeper so that you can learn more.
While you might be able to stand on your own two feet when it comes to managing multiple sportsbook accounts, you can’t deny the fact that it’s quite inefficient. Think about all the bankroll management, price checks and overall administration of your accounts! On top of that, you would need to be quick if you want to get the best price possible.
Bet Brokers offer the ability to use one centralised betting account to place some, if not all, of your bets. They often reveal the maximum stakes you’re able to place at a range of different industry-leading outlets (e.g. Pinnacle, SBOBET), with just one convenient click. This saves you the precious time that you can’t afford to waste in this game.
2. Access to Higher Limits
Unfortunately, standard bookies usually refuse large bets in order to maintain balance in their books. Sometimes, it’s more of suspicion on their part that you’re betting on value and wishes to mitigate risks. Either way, it’s disappointing.
Though there are betting exchanges available, the liquidity on some markets is low unless you time it right, usually the best ones are right before an event.
So, if you love placing large stakes on sporting events then you definitely should consider including brokers in your betting routine. They take in large stakes at any point of time since they have the resources to accept the bets you struggle to place in ordinary bookies.
It may seem like bet brokers work as an ordinary betting account but behind that, several transactions take place to guarantee that the total stake of a client is placed successfully.
3. Bypass Restrictions
Let’s face it, sports betting is still banned in many places. Because of this, there’s a limited number of bookies you can access depending on your country of residence.
Fortunately, you can have access to any sporting events and markets you wish to put your stakes on through bet brokers since they have an interface with a wide range of odds from markets both inside and outside your area.
With betting agents, you’ll be able to place bets at those bookies through your bet broker account.
4. They Don’t Profit from Your Losses
One of the great things about bet brokers is they’re stimulated by stakes — not losses.
Basically, bet brokers profit from transactions, so it doesn’t really matter whether you win or lose with them.
Another great thing about this is you’re less likely to experience hassle in the withdrawal process. Bet brokers wouldn’t mind if you win even large amount of money since guaranteed customer satisfaction is what they’re aiming for.
5. Better Prices and Odds
Because of the vast selection of bookies that you can reach through betting brokers, you are definitely going to have access to better odds and prices. Beats having to refresh a bookmaker’s page and hope for the odds to change, right?
Since finding the best prices and odds should be your priority if you really want to get serious with sports betting, betting brokers can definitely give you that edge you need. Even the slightest change in your betting strategies can make a tonne of difference in your profit.
What Are the Disadvantages of Bet Brokers
Just like everything else in the world, bet brokers aren’t perfect, so you should expect some disadvantages in using them:
- For one, you’re putting a huge amount of trust on them to manage your money, and not every broker provides the protection that bookmakers can give you.
- Meanwhile, in terms of commission, it will vary depending on the broker you choose. So, it wouldn’t hurt if you look around and find one that catches your best interest.
- Most — if not all — betting brokers have minimum turnover requirements
- While brokers can offer you better odds, they aren’t always the best.
How to Use a Bet Broker
How you use a betting broker will depend on which one you use. However, generally speaking, it involves signing up for their service through their site, and waiting for them to contact you. Once you’re in, they will walk you through the process.
Meanwhile, a bet broker like Eastbridge offers ‘Skype betting’, which mostly involves placing your bets through Skype. Hence, you receive a more human interaction and not just a robotic, ‘Your request has been received’ or something like that.
Now, if you’re thinking about how to use a bet broker in line with your current betting strategy, be sure that you don’t put more than 30% of your overall bankroll in one broker. On top of that, research more and don’t hesitate to ask questions to your potential broker so that you don’t miss anything.
Betting brokers, in general, can help you improve your profits, especially if you use them as smart as you can. Their capability to reach bookies that may not even be available in your country can definitely help you level up your betting game.