Importance of Opening Multiple Bookmaker Accounts
Updated: May 24, 2024
Published: May 9, 2024
Sports betting in India has become a complex activity that needs more than just a love for sports; it requires careful planning to earn more money.
As an experienced bettor, one of the best strategies you can use is to have accounts with several bookmakers. This method helps you take advantage of the best deals and greatly boosts your chances of making more money.
In this comprehensive betting academy guide, we'll explain why it's important for you to have multiple bookmaker accounts.
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Access to the Best Odds
Different betting sites often offer varying odds for the same events based on their risk assessment and keeping betting patterns in mind. For instance, consider a high-profile cricket match between India and Australia.
Stake India might offer odds of 1.75 on India to win, while another popular bookmaker like 22Bet offers betting odds of 1.85. If you have accounts at both bookmakers you can choose 22Bet for this bet, securing higher potential returns.
Here is an example to explain it in simpler terms
- Betting 10,000 INR on India to win at odds of 1.75 yields a return of 17,500 INR.
- Betting the same amount at odds of 1.85 yields a return of 18,500 INR.
The difference of 1,000 INR could be crucial, especially accumulated over multiple bets, demonstrating why shopping for the best odds is so important.
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Take Advantage of More Promotional Offers
Promotions and bonuses offered by bookmakers play a crucial role in maximizing betting value and enhancing the overall profitability of your betting strategy.
These incentives are designed to attract new customers and keep existing bettors engaged by offering them opportunities to increase their winnings with less risk.
By maintaining accounts with multiple bookmakers, you can strategically capitalize on a variety of these promotional offers, effectively betting with what is often referred to as “free money.” Let's dive into a detailed comparison of two real promotional offers from 1xBet and Parimatch.
1xBet: 120% Deposit Bonus up to INR 66,000
1xBet welcome bonus offers a 120% boost on your first deposit, with the maximum bonus amount being 66,000 INR. If you deposit 55,000 INR, you will receive a 120% bonus, adding up to 66,000 INR in bonus funds to your account, totaling 121,000 INR for betting.
This substantial bonus amount allows for a broad application across various betting markets and opportunities. You can diversify your bets across high and low-risk events. The large bonus cushion also offers the freedom to experiment with different betting strategies.
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Parimatch: 150% Deposit Bonus up to INR 20,000
On the other hand, the Parimatch welcome bonus gives you a 150% boost on your first deposit, but the maximum bonus is capped at 20,000 INR. To maximize this offer, you could deposit around 13,333 INR, which would qualify you for the maximum bonus of 20,000 INR, bringing your total betting capital to 33,333 INR.
The higher percentage bonus at Parimatch makes it an excellent choice for smaller initial deposits, providing a significant percentage increase in betting funds. This can be particularly advantageous if you are a new bettor or have a smaller bankroll looking to maximize your initial investment.Β
By registering with multiple bookmakers, you can claim a variety of welcome bonuses, each providing different benefits. This approach allows you to access more ‘free money' through these offers.
For example, a larger deposit at 1xBet maximizes the potential of their higher maximum bonus, which is ideal for experienced bettors looking to leverage a bigger betting budget.
On the other hand, Parimatch offers a higher percentage bonus on even smaller deposits, which significantly boosts your initial betting power, making it an excellent choice for those who prefer more conservative betting or are just starting out. This strategy not only enhances your flexibility in betting but also spreads your risk across different platforms.
Arbitrage Opportunities
Arbitrage betting, also known as “arb betting” or “surebets,” is a sports betting strategy that involves placing bets on all possible outcomes of an event across different bookmakers to secure a profit regardless of the result.
This strategy exploits the variations in odds offered by different bookmakers. During a IPL match between Kolkata Knight Riders and Mumbai Indians or another cricket match, you might find the following odds:
By calculating the appropriate amounts to wager on each outcome, you can lock in a profit irrespective of which team wins.
Broad Market Coverage
Different bookmakers have strengths in various sports and betting markets. For cricket betting:
- 1Win offers extensive markets on international fixtures, including in-play options and detailed prop bets.
- 10CRIC focuses heavily on the Indian market, offering specialized markets on the IPL and other domestic competitions.
If you are interested in both international and domestic cricket, you will benefit significantly from having accounts with both bookmakers, ensuring you have access to the most comprehensive market selections available.
Early Market Access
Early market access is a significant advantage in sports betting, particularly if you are looking to capitalize on initial odds that might offer more value before they are adjusted based on market movements and incoming bets.
This strategy can be particularly beneficial in sports where information and conditions change rapidly, such as cricket, where weather, pitch conditions, and team announcements can drastically influence odds. Some bookmakers, known for their proactive approach, release odds earlier than others.
Bookmakers like Parimatch and Dafabet are often among the first to market with their betting lines.
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This early release can provide several advantages:
- Value Betting: Early odds might not fully account for all variables as they are set based on preliminary assessments of the match conditions and public perception. You can exploit these early lines before additional information or market sentiment causes them to shift.
- Planning and Hedging: Getting in on the early lines allows more time to plan and adjust strategies as the market develops. You can place early bets and then watch how the odds evolve, potentially placing additional hedging bets to manage risks as more information becomes available.
- Arbitrage Opportunities: Getting in on early odds can also boost your chances of spotting arbitrage opportunities since different bookmakers update their lines at different times. If you have access to an early line with high value, you can pair it with a later line from another bookmaker that has changed its odds due to new information or betting trends.Β
