Bookmaker Registration and Funding

The process of bookmaker registration can be done any number of different ways. Most people want to approach it clinically and split their money evenly across 6, 10, or 20 bookmakers they have chosen and registered with ahead of time. Funding any number of books evenly is usually not advisable because not all bookmakers are created equal; you will want to have more money in the key books (like Pinnacle or Betfair for example). The general approach of pre-picking books, registering and funding them all ahead of time will work, but I do not personally think it is the best approach.

I now recommend a more systematic approach to bookmaker registration and funding. When I started arbitrage trading the above approach was recommended to me, followed by a few weeks of paper trading to get used to the bookmakers I had registered with. My new method does not require pre-selection of bookmakers, and it sort of works paper trading into the process, so that you never have to give up a few weeks of trading to practice – the practice is done while setting up.

Overview

The basic idea is to choose your bookmakers 1 or 2 at a time based on real arbs presented to you by your alert service. You slowly and systematically open the accounts and fund them appropriately, ensuring bonuses are claimed, while actively placing a real arb. As most arbs only last a few minutes and this process may take up to 30 minutes, the objective is clearly not to rush and get the arb, but rather to slowly and carefully get all of the conditions set up correctly, and then still possibly get an arb at the end.

The point of this process is to find books which have clearly demonstrated that they do produce real arbs, and to then systematically fund these good books with an appropriate amount of money to take the best advantage of any sign up bonus on offer. The registration process should never be rushed in any way.

Registrations should be continued until about 75% of your bankroll has been deposited. The remaining 25% will then be used to fund active bookmakers as they are emptied. New bookmakers will be only be opened as old bookmakers are made useless (by being limited, or by eventually showing that they are less profitable than other books), or as your bankroll increases so as to be able to fund more books at one time.

Continue to the next page for the details to this process.