If you’re new to the sports betting world and have never opened an account before, you’ll see that this is also very straightforward. Just say to yourself that all the sportsbooks out there want you as a customer and making some kinds of deposits with them.
We’re maintaining a list of what we think are the best sportsbooks in the industry. We’ve listed the best ones accepting people from the USA and also the best ones for the majority of the other countries in the world. We want to mention that we’re not affiliates with any of those sportsbooks meaning that we have absolutely no incentives or commissions whatsoever in recommending one sportsbook over the other.
You’ll notice that we’ve purposely not included any links to them. We’ve only listed their names and you’ll be able to find them easily. All of the ones listed are there for their quality and most of them have been in the online sports betting industry for a decade or more.
We’ve made that list available for free to our Kindle eBook buyers. You can get it by clicking on the link below.
To start on the right foot with Sports Betting Reinvented, you’ll open an account with three different bookmakers. Here’s why:
The reason we’re suggesting three accounts has to do with the fact that you want to have a safety net in case something goes wrong with one of the bookmakers.
That has nothing to do with the quality of the sportsbooks, it has to do with trying to avoid any technological problems that might happen for one reason or another. Sportsbooks websites are very secure, reliable and protected, all their data is backed up more than once, but we never know when a major computer, communication or software problem might arise which would prevent you from placing your wagers.
Another reason is that you’ll mainly be placing wagers with two of those three sportsbooks but, as you know, you have no idea of which teams will win every time you’re placing a wager with those two sportsbooks. It might happen that totally randomly, the balance with the first or the second bookmaker will be a lot higher than with the other one because the wagers you’ve placed with that particular sportsbook were winning more games than with the other.
In that case, you end up with unbalanced amounts between the two sportsbooks. The thing you have to do when that happens is to withdraw money from the sportsbook where the balance is higher in reference to the other and transfer that money to the sportsbook with the lower balance.
That operation normally takes a few hours but depending on the way you’re dealing with your withdrawals, it can take up to a few days. That’s why you want to have some money with a third bookmaker which you can use as the temporary second one while the money is being transferred.
The other reason is that sometimes, there could be some interesting differences between the odds of those three bookmakers for the same game. In that case, you always have the freedom for placing your wagers with the bookmaker offering the best odds.
Once you’re up to a certain level where the maximum wager amount allowed per game for specific bookmakers is not enough, you’ll be opening accounts with some other sportsbooks to make sure you can rake in larger profits.
This typically means that your wagering needs at that point will likely be in the area of about $15,000 to $20,000 per game. Even then, for instance, there’s a very good sportsbook we know of that’s accepting wagers of up to $20 000 per game for the MLB.
This is only to say that there’s virtually no limit to where you can scale this operation.