Honest Opinion About Bet Broker & How To Use Them Safely & Smartly

bet broker, honest opinion feature image

Estimated Reading Time: 43 minutes

Are You Aware Of A Bet Broker? Are They Safe?
What Can We Expect From Them?
We Share Our Honest Opinion & The Best Way To Use Them!!

We cover the following topics after Bet Broker – Preface;

The “Show” box underneath can show you Full Contents for your more convenience.

Bet Broker – Preface

Firstly, although we do betting activities, we don’t gamble, in other words we don’t count on luck or chance. Instead, we do

Continue to read --
advantage playsAdvantage Play, Full List  based on mathematical edge to beat the bookies. When it comes to the Sports Betting, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Tipsters to lock-in profit or consistently earn extra income. As our name Global Extra Money (GEM) implies, we would like our readers to exploit such opportunities in worldwide, while accessing to the top quality program / tools for long-term.

In case, you have not accessed to our strategy paper of How To Make Money From Offshore Sports Betting With 3 Advantage Playsoffshore sports betting, 3 advantage plays feature image , strongly suggest take a look first. As we explained in that strategy paper, Bet Broker will make critical role to achieve these objectives. Therefore, in this document as a series of our Strategic Development of Global Betting, we share how you can exploit the benefits of Bet Broker by quickly reviewing several popular brokers. For UK residents, basically there are no UK Licensed bet broker and no bet brokers that accept UK punters except Asianconnet (but only those who deposit & withdraw only via BTC)

BTW, the advantage plays we discuss are completely Risk Free or very Limited Risk, but yet categorized in Gambling. And in the UK & Ireland, any winnings from gambling are No hmrc tax exempt Tax. Even if you are considered as Professional Gambler who rely on gambling for living, you will be exempted from taxation, which is clearly defined by HMRC Internal Manual eaning of trade: exceptions and alternatives: betting and gambling – the professional gambler.

For outside UK, there are many jurisdictions that apply the same rule as UK & Ireland, for details, take a look at the above How To Make Money From Offshore Sports Betting With 3 Advantage Plays, which shows the table of each country.

Lastly, for those who can’t even access to the bet brokers we list here like US Citizens, we issued a special report of Bitcoin Betting – Ultimate Way To Lock-In Profits From Anywhere In The WorldBitcoin Betting Feature Image, which will give US Citizens & all other unfortunate punters specific instructions on how to make thousands of risk-free extra income with real examples, so make sure you take time to check the contents, it’s really worth.

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What Is A Bet Broker? 

A Bet Broker also called Bet Agent is a Middleman between bookmakers & you. Bet broker provides their clients with a single account that connects multiple bookmakers & betting exchanges, namely; 

Bet Broker claim you can bet Anonymously & Securely (well, from our perspective, nothing is perfectly secured, So, please don’t miss the Precautionary Actions section at the bottom of this document before taking any action). Bet Broker, Middleman Image

Are Bet Brokers Legal?

One of the most popular question is “Are bet brokers legal?” Yes, most of the bet brokers are regulated by the authorities in the jurisdiction they each register. However, only this fact doesn’t ensure any safety. Unlike the established giant bookmakers, many of the bet brokers are SMBs (small & medium sized businesses) and poor management will quickly lead to the disaster. Typical example is Samvo Group. Samvo bet broker (Samvo Bethub) held licenses with the United Kingdom Gambling Commission (UKGC) and the Curacao Gaming Commission but closed down late 2017, just FYI.

For further details regarding the security aspect, see “Bet Broker Cautions” section later in this report.

 

Why Do We Need A Bet Broker & What Are The Benefits We Can Expect?

There are 4 distinctive benefits you can expect from bet broker as follows;

  • Accessibility – You can access to the online bookies & bet exchanges you usually can’t due to the geographical restriction. Why? Simply because bet broker is placing the bets on your behalf.
  • Sharp Bookies Advantages – Since bet broker includes Sharp Bookies, you can enjoy 1. Best Odds in the industry 2. High Stake Limit 3. No Account Restriction 4. Bet broker arbitrage. So, you receive all the advantage brought by the sharp bookies’ “Welcome Professional” policy.
  • Reduced Betting Exchange Commission – You may be able to enjoy lower commission such as 2.5% of Betfair rather than usual 5%.
  • Increase Efficiency – You can select Single Integrated Account from which you can place all of your bets at multiple bookies. This allows you to streamline bet placing process as well as logistics of funding (deposit & withdrawal) among several bookies. I paste a screenshot of the platform of each bet broker later, which will give you an idea how it works. Basically, when you click on an event, it shows you all the odds from the listed bookmakers with minimum stake requirement & the maximum you can bet in the form of bet-slip. You can chose the best odds bookie & place the bet very conveniently & efficiently.

Accessibility

Let me elaborate on the accessibility. You may wonder which bookmakers ban your location. Each online bookmaker have their own policy of the restricted countries, which may be different from the law. You can use Bookmakers Restricted Countries List, where you can check if you can access to the specific bookmaker you intend from the jurisdiction you reside;Offshore Sports Betting, Bookie Restricted Country List

Caution On VPN (Virtual Private Network) Tactics

Some betting advice sites suggest VPN access to sign up offshore bookies. Yes, you may be able to physically access, register & bet through this tactics. However, bookmaker’s KYC (Know Your Customer) policy will enforce you to verify your account with ID (Passport / Driving license etc), Address Proof (Utility Bill, Bank Statement etc) & possibly Deposit Method Proof (Credit / Debit card Both Side).

Some bookies ask for it right after your registration, some may not ask until you start withdrawal. In case you fail to verify, your account will be suspended & your winnings may be confiscated, which is disastrous. So, don’t believe the rogue site’s unfounded story lightly. Unless you have reliable person who allows you to use the above personal information willingly (assume only immediate family or extremely close friend), you’d better forget about this approach and use the Betbrokers introduced in this report.

If you have such reliable source then you need reliable VPN. Based on our members’ feedback, this VPN is supposed to be the best from the viewpoints of the strongest security, high speed, versatility (accessible countries) & cost – – for further details, see Best VPN For Betting – Why Sharp Needs Privacybest VPN for betting feature image

Specifically Who Should Use Bet Broker Service For What Purpose?

Broadly speaking, there are 2 groups who have potential demand with specific purposes as follows ;

  • Professional / Semi-Professional Punters Who Want To Access To Sharp Bookies (To Seize Sports Arbitrage Opportunities or Value Bet On Proven Tipsters / Systems / Software Without Any Account Limit / Restriction For Long-Term).
  • Those Who Want To Reduce The Commission of Bet Exchanges or Can’t Access To Bet Exchange (To Capture Missing Matched Betting Opportunities).

Bet Broker, Bookies Logo

If you belong to 1 of these or both groups, it is worth reading this report up to the end.

Betfair Alternatives

BTW, we have separately issued the report of Befair Alternatives – Select The Best Option To Suit Your Unique Needs, betfair alternatives, post feature image where you will find Betfair White Labels providing effectively Betfair Identical platform. For those who can’t legally access to Betfair and seek for the Betfair equivalent market coverage & liquidity, this document will be useful. FYI.

List of Bet Broker: 2 Groups

We had sent a list of questionnaires to each of the following bet broker. Based on the outcomes of the subsequent correspondences, we split into 2 groups of Fully Answered & Disappointing Response.

List of Fully Answered Bet Broker

BetinAsia New

BetinAsia was founded in 2011 and looks expanding its share steadily thanks to an outstanding and fast dedicated Customer Support service as a “Crypto-friendly” brokerage. 

BetInAsia Logo

BetinAsia Key Features

  • License & Regulation: Yes & Regulated by CGCB (Curacao Gaming Control Board) with License #: 365/JAZ & Sub License #: GLH-OCCHKTW0710132018
  • Customers’ Fund Protection: They answered as “CURACAO GAMING LICENSE binds us to operate in a secure way and holds us accountable” and their T&C says “Subject to the prior provisions of this section, our entire obligation to you for any loss or damage arising in association with this Agreement shall be restricted to the lesser of the amount of fees actually received from you in the previous six months, or five thousand pounds (£5,000.00).”
  • Contact: Avlonos, 1, Maria House, 1075 Nicosia, Cyprus
  • Restricted Countries: US, UK, Sweden & France
  • Bookmakers Covered: Pinnacle (PS3838), Singbet, BetISN, SBObet, MAXbet (Former IBC Bet) and 18bet
  • Betting Exchange Covered (commission): Betfair (3% on winning), Betdaq (1.5% on winning), Matchbook (1.25 on both winning & losing), Turf7 (1.25% on winning) & Citibet
  • Betinasia offer 2 Betfair White Labels – See Befair Alternatives – Select The Best Option To Suit Your Unique Needs for further details.
  • Fee / Charge To Client: None
  • Minimum Transaction & Cost: Depositing is free of charge. The minimum deposit is €100 or the equivalent in other currencies. The minimum withdraw is €100 as well. For all payment methods, except Bitcoin, Litecoin and Ripple, one free of charge withdrawal every 30 days. All other withdrawals within the 30-days period will cost 2% of the withdrawn amount. The 2% fee applies to all withdrawals with Bitcoin, Litecoin and Ripple.
  • Minimum Stake per Bet: €5 except for Skype betting service, where min bet is €1.000.

BetinAsia Service Options

  • Basically 3 options: You can chose in the registration page
  • Bookmaker / Exchange Single Account – If you want to use only your preferred bookies, you can tick the box individually through the above registration page.
  • Skype Betting – It’s a convenient betting service where BetinAsia’s dedicated service team will help 9AM to 9PM CET 7days a week. (BTW, their Support working hours are 8AM – 23PM CET).
  • Black – It’s an integrated betting platform that covers 5 bookies & 5 exchanges in 1 account. When choosing the event, it shows all available bookies’ odds, then you select the best odds & the highest limits in all major Asian bookmakers. The  looks like;
betinasia platform image

A Few Comments about BetinAsia

  • BetinAsia is proud of the excellent customer support & instant handling of the fund deposit/withdraw requests without fees.  
  • Black as a white label of Mollybet platform is an easy to use, multi-channel interface showing real time updated best odds, so that users can place aggregated orders at the highest liquidity in milliseconds. This solves any problems associated with poor liquidity, price movements and manual execution errors.
  • Low minimum stake is beneficial for small bettors, moreover its high limit stake is obviously fit for high rollers & professional bettors. We understand that for large syndicate and professional punters Black offers two APIs of Pull API & Push API, which makes it possible for the customers to use different algorithms and betting tools to automatically place the bets.

 

Asianconnect

Asianconnect88 is one of the oldest bet brokers, established in 2002. They are licensed & operated in Curacao Netherlands Antilles. Several people in our members have been using Asianconnect for a few years and all of them gave us quite positive feedback including flawless quick payment processing. oldest Bet Broker, Asianconnect Logo

Asianconnect Key Features

  • License & Regulation: Yes & Regulated by CGCB (Curacao Gaming Control Board)
  • Customers’ Fund Protection: They answered as “The gaming license requires us to hold sufficient funds in our bank accounts to honour all customer winnings.”
  • Contact: Asianconnect N.V. Dr.M.J. Hugenholtzweg z/n UTS-Gebouw Curaçao, Netherlands Antilles    Tel 44 203 289 5500 (Europe) / 63 917 805 3399 (Asia)
  • Restricted Countries: US, Philippines & Singapore (UK Players Accepted Only If use Bitcoin for deposit / withdrawal – means Asianconnect don’t reject UK registration but accept deposit only in BTC)
  • Bookmakers Covered: Pinnacle / SBOBet / MaxBet (Former IBC Bet) / Bet ISN / Sing Bet – No Commission To Bookies Required
  • Betting Exchange Covered: Asianconnect offer 2 Betfair White Labels – See Befair Alternatives – Select The Best Option To Suit Your Unique Needs for further details.
  • Fee / Charge To Client: None
  • Minimum Transaction & Cost: Minimum deposit for all money gateways is €10, Asianodds account £/€100, & Skype Betting £/€150. Fee for Bank Transfer, Bit Coin, Neteller & Skrill Deposit are Free. 1st Withdrawal every month is Free & 1% for the subsequent withdrawals.
  • Minimum Stake per Bet: £/€ 2 – 10 depending on each bookmaker

Asianconnect Service Options

  • Basically 3 options: You can chose in the registration page
  • Bookmaker / Exchange Single Account: If you want to use only your preferred bookies, you can tick the box individually through the above registration page.
  • Asianodds – It’s an integrated betting platform that covers 6 bookies in 1 account. When you chose the event, it shows all available bookies’ odds, then you select the best odds. The interface looks like;
    Bet Broker, Asianodds Screenshot
    Click To Enlarge

A Few Comments about Asianconnect

  • Asianconnect is very responsive, and it’s been around reasonably long enough (15 years) to prove the trust & reliability to good level.
  • Low minimum deposit & stake per bet requirements are beneficial for small bettors.
  • One of our members originally knew this bet broker in the interview done by ZCode (some of the info are outdated, thus use the info in my report here if you find any discrepancies). He said he had earned €45,000+ over the last 1 year from ZCode & asianconnect bookies mainly Pinnacle. BTW, on this occasion suggest see the ZCode Full Review, that is probably 1 of the best betting system of US 4 Major Sports. For this particular betting tactics, contact us for any inquiries.

 

Sportmarket

Sportmarket was founded in 2004 and is operated by Sportmaket Ltd. A few of our members have been using this bet broker for some time, and gave us fairy good feedback. One member admires their continuous improvement such as adding new bookies and reducing the minimum deposit etc. sportmarket bet broker logo image

Sportmarket Key Features

  • License & Regulation: No, They answered as “We do not hold a gaming license in Malta as it is not possible for this type of business but we have met with LGA (the lottery authority in Malta) and they didn’t see that our business could not be operated from Malta. We do hold a gaming license in another jurisdiction (outside EU) but we are not currently using that one as we are not laying any parts of any bets.
  • Customers’ Fund Protection: They answered as “We are regulated at Malta from where we legally operate our business without any issues. All the accounts that we posses are company ones and Banks/eWallets are protecting all the funds there.
  • Contact: Sportmarket Ltd. Milestone House Triq is-Sajf ta’ San Martin Bahrija l/o Rabat – RBT 6013 MALTA     support@sportmarket.com
  • Restricted Countries: USA / UK / France
  • Bookmakers Covered: Pinnacle / SBOBet / MaxBet / GA288 (former Galaxy Bet) / Bet ISN / Sing Bet / MMMBet / CMDBet
  • Betting Exchange Covered: *Betfair – 2.3% Commission / Matchbook – 1.8%  / Betdaq – 1.2%
  • Fee / Commission To Client: None
  • Transaction Cost: Deposit & Withdrawal Bankwire Free, but 1% for Neteller / Skrill
  • Minimum Deposit & Stake per Bet: €250 & €25 Respectively

*Betfair

Regarding Betfair, the biggest advantage via Sportmarket is a Reduced Commission. There are 2 options;

  • Betfair Direct Account – Both Exchange & Sportsbook, 2.5% commission
  • Sportmarket Pro Platform – No Exchange but Only Sportsbook, 2.3% commission

*There is a complicated T&C for each country. Therefore if you’re interested in this Betfair discounted commission service, strongly suggest send inquiry to support@sportmarket.com to check if you can apply it.

Sportmarket Service Options

  • Basically 2 options as briefly explained in the above Betfair case.
  • Private Bookmaker Account – You can create account of Betfair, Pinnacle, IBC, ISN, Matchbook and SBO individually.
  • Sportsmarket Pro – It’s the similar integrated betting platform as Asianodds. It covers 11 bookies in 1 account. The interface looks like;
    Bet Broker, Sportmarket Platform Screenshot
    Click To Enlarge

A Few Comments about Sportmarket

  • Same as Asianconnect, they are very responsive, and it’s been around reasonably long enough (13 years) to prove the trust & reliability to good level.
  • Unlike some betting brokers (see the Precautionary Action later), Sportmarket does not take position on bets, thus lowering the risk for the players that they would run out of cash and not be able to pay them.
  • Given the minimum stake of €25 per bet, this is not for the smallest players.

 

Bet-Football

BET-Football is licensed & operated in Montenegro under the company name of Bet-Football D.O.O. They described their strength as “We believe we provide the ultimate one wallet service with a wide variety of accounts, fast and easy deposit / transfer / withdrawal options with excellent customer service.“.BetFootball Logo

Bet-Football Key Features

  • License & Regulation: Bet-Football is fully licensed by E-Gambling Montenegro, with license number 0032 & reg. no. 5-0615951.
  • Customers’ Fund Protection: They commented “We are legally required to maintain sufficient funds to honour all customer deposits and winnings“. We also asked if the customers’ fund is segregated from their own business operation. They answered as “Yes as part of the licence a basic requirement is to have all customer funds held in a segregated account.”
  • Contact: BET-FOOTBALL LIMITED Cetinjskji Pu BB, 81000, Podgorica, Montenegro Email: info@bet-football.com We also have Skype, Twitter and a Facebook page
  • Restricted Countries: UK, France, Turkey & USA
  • Bookmakers Covered: SBO, Pinbet88, ISN, Maxbet, GA, Sing, 1bet, 18bet and M8, Mollybet and also 3ET
  • Betting Exchange Covered: Matchbook  – 1.25% when Backing a selection and 0.75% when you add liquidity to their exchange.
  • Bet-Football offer a Betfair White Labels – See Befair Alternatives – Select The Best Option To Suit Your Unique Needs for further details.
  • Fee / Charge To Client: Their service is completely free.
  • Minimum Transaction & Cost: Minimum deposit is €100.There are no fee’s to the clients when depositing and each customer gets ONE free withdrawal over €200 per working week (Mon – Sun) all others have a 1% fee and any withdrawal under €200 has a €2 fee.
  • Minimum Stake per Bet: Each bookie has its own minimum bet size but the lowest is €2 and Pinbet has the highest at €26 when using directly or €10 when using Pinbet on Molly.

Service Options of Bet-Football

  • Basically 3 options: You can chose in the registration page  (*In the registration process, if you kindly select GEM – Global Extra Money in “How did you hear about us? (Please select) ” box, we will get commission, which will help us keep our GEM site free);betfair alternatives, bet football how did you hear
  • Single / Multiple Accounts: Clients can chose open individual accounts at one of the following bookmakers & Exchange: SBOBet, IBC (MAXBET), Pinnacle Sports, 1XBET, Bet ISN, SingBet, 18Bet, 1Bet, M8Bet, Betdaq, and chose either Molly Bet, QBO or 3ET as a software that will integrate all your chosen sites into 1 platform.
     
  • Skype Betting: Convenient way of betting but minimum stake amount will apply.
  • Private Betting: It’s based on Invitation only. Customers are allocated their own personal account manager who will provide them with a dedicated service. 

Bet-Football A Few Comments

  • One of the largest strength is obviously the Betfair White Label (see Details), which provides the largest market coverage & liquidity..
  • Bet-Football.com is relatively new (since June 2014) in the bet broker industry. However, as the site footer shows;
    www.bet-football.com is licensed and regulated by the government of Montenegro. E Gambling Montenegro d.o.o. (Podgorica, Moskovska br. 65., reg. no. 5-0615951) hereby certifies that under the concession (serial no. AA 0546, numeric no. 117-01/12) and approval (no. 02/01-376/3), organize and operate games on chance in Montenegro on website www.bet-football.com, in accordance with the Agreement on management and financial cooperation, concluded between E Gambling Montenegro d.o.o. and Bet-Football Limited d.o.o. d.o.o. (Podgorica, Cetinjski put bb, reg. no. 5-0696241, TIN: 02992426-302) on 6 June, 2014. More details about the license, E-gambling Montenegro and handling of complaints: www.e-gambling.me Bet-Football
    , they seem to be quite rigorous about the business operation.
  • We have communicated with the manager over the phone and got the impression that they are very keen to make the right things in the right way as a legitimate company. They adhere to all the regulations strictly and we felt the level of professional morale is high, thus reliable.
  • They charge no fee on their entire service.

 

EastBridge

EastBridge was established in August 2014, which belongs to OLE Group, licensed and operated from Philippines.Eastbridge, Bet Broker, Logo

EastBridge Key Features

  • License & Regulation: Yes & regulated by PAGCOR (Philippines Amusement and Gaming Corporation)
  • Customers’ Fund Protection: They answered as “Customer funds are all kept separate from each other and all under us alone, no customer funds are held with any bookmakers or other entities. I just have to be very honest and say that we are very well funded and that we do not need to delve into customer money for anything. However, you will just have to take our word for that and know that the reason we have been in this industry so long and work with so many big clients is because we believe that good settlement is key to long term business. Our customers always get paid.”
  • Contact: OLE Group Philippines, Inc. UNIT 8A MARVIN PLAZA 2153 Chino Roces cor Herrera St., Makati City, Philippines +63-5856488 enquiries@oleintl.com
  • Restricted Countries: USA & UK
  • Bookmakers: Pinnacle, SBO, Max Bet, ISN, Singbet, Crown, and SBC
  • Fee / Charge To Client: Nil
  • Transaction Cost: Deposit & Withdrawal No Charge but unless a minimum turnover requirement of EUR/GBP/USD 10,000 is achieved between withdrawals, 1.9% charge from Neteller / Skrill / Bank Transfer up to a maximum of EUR 25 or other currencies equivalent per withdrawal request.
  • Minimum Bet: £/€ 2 – 13 depending on each bookmaker

EastBridge Service Options

  • 3 options: Basically the same options as Asianconnect
  • Bookmaker Direct Account: If you want to use only your preferred bookies, there are 6 bookies you can create individually. But majority of users chose Vodds Betting Platform.
  • Skype Betting - They offer you Skype as Asianconnect do.
  • Vodds Account - It's an integrated betting platform that covers 6 bookies in 1 account (they said cover occasionally some smaller books as and when they surface). When you chose the event, it shows all available bookies' odds, then you chose the best odds. The interface looks like;
    Bet Broker, Vodds Screen
    Click To Enlarge

A Few Comments about EastBridge

  • In comparison with the previous 2 bet brokers, there a few disadvantages such as No Betting Exchange Available, Minimum Turnover Requirement For Free Withdrawal. And Only Football market in Vodds platform (they say expanding into Basketball, Baseball and Tennis by around April 2018).
  • I asked about the company financial situation publicized in this site. The answer was " The revenue is not reported in Ole Group Philippines. This is just a BPO company and revenue is minimally declared for tax purposes." I further asked which company is the entity to operate your tangible business activities? The answer was "Ole group Philippines. Ole group international is the license holder. Ole group Philippines is a BPO company contracted with Ole Group International to help run daily operations.If you are looking for evidence of us being a reputable company you can search industry forums. We also have references from other reputable companies like Matchbook."
  • Then, I asked can you provide me the links that show industry forums & references from other reputable companies like Matchbook. The answer was "I do not actually have any links to hand, but if you just did a quick google search you will come across some. We have also partnered with a number of forums like Blogabet, Secret Betting Club, etc.I will forward you the Matchbook reference when I get it.
  • 10 days later, I received the mail saying "In regards to Matchbook references they are Ben Brake or one of the Heads of Matchbook, Francis Osei."

 

Premium Tradings

Despite several good feedback from our own members, we had terrible replies from Premium Tradings in the past, therefore we listed it in Disappointing Response Group. However, it turned out to have caused by ex manager, and new Account & Sales Manager Alice approached us with the comment of;

My name is Alice Trishmann, Accounts Manager & Sales of PremiumTradings. I am writing to apologize for the inconvenience and sheer negligence you faced when inquiring on our products and services. What we as a company hold true is integrity in accountability, we’ve regretfully failed to meet our standard; resulting in loss of communication and in-turn our intended partnership with your brand. While I do not condone the manner in which our employee handled our interests, I am held accountable by proxy and as such I personally, formally apologize for their transgression.
With such a very polite & professional approach, we resumed their review and we have satisfactory answers, therefore, we are listing their service here.

Premium Tradings have given the Attractive Exclusive Offer to our GEM members, please see the details at the end of the review.bet broker, premium tradings logoPremium Tradings Key Features

  • License & Regulation: The license is from Curacao, but the regulatory body is the Government of Curacao (Curacao Gaming Control Board is regulating only offline based operators).
  • Customers’ Fund Protection: They claim “PremiumTradings funds are used only for customers’ accounts and their operation.
  • Contact: Bellona N.V , a company with registered address at E-Commerce Park Vredenberg, Curacao.
  • Restricted Countries: US & Israel
  • Bookmakers Covered:Premium Broker Bet, Maxbet, PS3838, 1bet, ISNbet, 18bet, Babibet, – No Commission To Bookies Required
  • Exchange Covered: Citibet, turf7  (horse racing / greyhounds), orbit & fair exchange.
  • Fee / Charge To Client: The service is toll free, however Goal tool service (product) itself is supported by a third party software, which forces a usage fee only for it. The fee is 0.15% monthly over the generated turnover of each member account which is deducted each first Monday of the month.
  • Minimum Transaction & Cost: Minimum deposit 100€/$/£ (Reduced from 200€/$/£ from 22 Apr ’19) for Premium Single Account , 100€/$ for Premium Goal and 1000€ for Skype Betting service. Every member is entitled to get one free withdrawal per calendar month, with no applicable amount limitations. A fee of 1% will be applied on all further withdrawals in said time frame.
    Minimum Stake per Bet: Min stake may vary depending on the bookie and currencies – 1€ -25€ for Premium Single Account & 4€ – 25€ for Premium Goal. 500€ for Skype Betting Service.

Premium Tradings Service Options

  • Basically 3 options;
  • Premium Accounts – Single or Multiple betting account that can chose among Maxbet, PS3838, 1bet, ISNbet, 18bet, Babibet, as well as betting exchanges as Citibet, turf7 & 2 Betfair alternatives.
  • Bet Broker Betting or Skype Betting – Bet Broker is an automated brokerage service and Using “By request” option, you will get an exclusive offer by their Trading Team with higher odds and the stakes than the visible ones for a certain event. Skype betting service is to assist customers with hitting the market max bet limits, by using different sources that they exclusively work with 24/ 7 service ( the details of the Skype dedicated for bets is not displayed since they are providing them only after the customer performs a deposit for the service in order only active customers to persist in that Skype.)
  • Premium Goal – One platform tool that allows you to place multiple bets with just 1 click in the sportsbooks inside: Maxbet, PS3838, ISNbet, Singbet & 18bet.

bet broker premium tradings premium account screenshot

A Few Comments on PremiumTradings review

  • Premium Tradings is now very responsive, and it's been around reasonably long enough (started operation on the EU market in 2011 & the company was established years earlier) to develop trust among users.
  • As said at the beginning, our several members reported us their comfortable trading experiences including ultra smooth withdrawals. BTW, they offer Bitcoin payment / withdrawal on top of the standard Skrill, Neteller, EcoPayz & Bankwire.
  • They offer Special Discount Exclusively For our GEM members, see Below for details;
PremiumTradings Exclusive Offer For GEM Members
Click This Entire Box
To Register By Claiming Code GEM
in the box under ” How did you hear about us:” as shown below
premium tradings gem exclusive offer codeIn fact, no matter the communication channel including Skype or live chat you use, as long as you mention “GEM”, then, you will automatically receive the following benefits;

  • Regular Sportsbooks (Maxbet, Pinnacle, ISNbet), you will get 0.1 % cashback for the first month of your play.
  • Regular Sportsbooks (1bet, 18Bet, Babibet), you will get 0.15 % cashback for the first month of your play
  • Exchanges (2 Betfair White Labels) – fee over winning tickets 3.8% instead of 4 % life time
  • GoalTtool – one month free of usage fee for the first month of your play
  • Betbroker and Skype betting > 0.15 % cashback for the first month on their play
  • *please note that if you are using more than one service (e.g. Goal tool + Betbroker), the mentioned benefits will apply on both accounts (1 month free usage fee for Goal tool + 0.1% cash back for the Skype betting service).

 List of Disappointing Response Bet Broker

The each bet broker I list below gave us very limited or no response to our questionnaires, which disappointed us a lot. However, don’t get us wrong that these don’t prove any wrong doings they commit. These only indicate their irresponsible & unprofessional attitude. Thus level of reliability is judgmentally quite low. Please ensure you read the Precautionary Actions at the end.

 

The Betting Brokers

Their customer service response is quite poor with a lot of illogical stories, and he / she doesn’t even share the own name. No single answer to our questions, but at least responded twice.Bet Broker, The Betting Brokers Logo

Samvo Bethub

No single reply came back except the initial automated response of “Your message was successfully received by the Customer Support Team. You will receive a reply from one of our representatives within the next 72 hours.“. Bet Broker, Samvo Bethub Logo

And as said early in this report, it shut down in late 2017.


Bet Broker Cautions

Please bear it in mind that unlike giant bookmakers we usually deal, this is the business we have to pay careful attention to the risk management.

Let me start up with "Warning" bet broker;

BET-IBC

We originally thought Bet-IBC is one of the best choices because they are very responsive and they have the advantage of "Only USA is a restricted country" & "Wide range of bookies / bet exchanges choices". BET IBC LogoHowever, one of our members sent me the following screenshot & gave us the huge caution;

Bet IBC No KYC
Click To Enlarge

KYC (Know Your Customer) is a standard & basically mandatory process for all financial / investment related institutions that collect money from public. It can't be omitted as the business practice of a legitimate company. The below are the correspondences between BET-IBC marketing staff & us;

Dear Yana,
One of our members just reported to us that you don’t go through KYC process. Means, you allow anybody to invest (bet in this case) money in various bookmakers & exchanges freely anonymously. Since you’re collecting the money from the general public and you’re required to prevent any means of money laundering, corruption or bribery by verifying each applicant’s ID, which should be required by the regulator where you get license, even if not, it’s a minimum / general requirement set by OECD. We cast big doubt on any companies that don’t adhere to such basic process.
Joshua
Hello Joshua, We do that for bank transfers but most of our clients use skrill/neteller/ecopayz which do this job for us better then we could do by asking standard kyc. Clients funds are 100% safe as we payout only to the same method and account we receive money from. when are we going to publish the review of us?
Best regards, Yana
Dear Yana, You are obliged to take proper KYC process irrespective of the payment method, especially you manage gambling business which requires strict age limitation in all countries. Our member who sent the information strongly urged us to publicize “caution” on your business, which we agreed. We will publish it accordingly.
Joshua

Verdict

As said, we had thought Bet-IBC was a good choice (despite the fact they charge fee on your total stakes in Vip account) though, this KYC issue imposes us to label "Caution". Some people may think anonymous status is convenient, but that is the industry of HYIP (High Yield Investment Program) where 99.99% is a Ponzi scam. Don't get me wrong, we are not saying BET-IBC is a scam. However such unprofessional business practice implies the sign of possible other misconduct. So, there is always the risk that any authority will arrange to shut down the site & confiscate all the fund, which you hear daily basis in the HYIP industry. Once it happens, there is very little chance to recover your money.

Miserable Dispute

64K missing debates are happening between a Bet IBC customer and Bet IBC in this forum thread "BET-IBC SCAM EXPOSED - With proofs". We are not in the position to judge who is right though, given the lack of critical proof that Bet IBC should provide, looks it's safe for people to stay away from this bet broker.

Security

Anonymity - No Protection

Let me continue Anonymity issue.

Premium Tradings claims "All accounts are under our company’s name, thus ensuring that no personal client information is exposed to bookmakers or any other third parties.", yes anonymity. Does it sound really attractive?

All this means that your money will be stored in the bet broker rather than the established big bookmaker. You are essentially giving a third party the ability to access your money and place bets on your behalf. Most of the bet brokers seem to be SMBs (small & medium sized businesses) but are collecting a lot of money from punters all over the world. So, the worst case scenario is Ponzi scheme (see the section of Make Fast Extra Money 2nd Concern – Security ). Or simple poor management will lead to the collapse of the business easily.

Unlike big licensed bookmakers that are imposed to ring-fence their customers' fund (of course it doesn't guarantee anything though), your money is basically not protected when the bet broker becomes insolvent (or if your bet broker vanishes tomorrow). Even from the licensed bet brokers I listed, I couldn't receive clear confirmation that the customers funds are segregated from their own business funds.

Could Be Your Enemy

Sportmarket indicates in their site that;

Unlike other bet brokers Sportmarket never lay any part of the bets, we only act as an intermediate between the players and the bookmakers. Our income comes from a small commission that we receive from the bookmakers regardless if a player wins or loses.Sportmarket

I asked them to elaborate on this, then the answer was; (Sportmarket E-mail Reply)

In simple terms, you place a bet on EUR 2,000, but only EUR 1,000 is placed on the actual bookmaker, while the remaining EUR 1,000 is "taken" by the agent. If the customer wins, bookmaker pays their share x odds, and agent pays his share x odds. If there is no position taking, all EUR 2,000 will go to the bookmaker and there is no any kind of financial risk from the broker end. When agent/broker is taking position on the customer, they are winning on their losses and are losing with customer's winning.

So, what could be the negative consequence when bet broker takes position & the customer is not aware of the implication of it? See Forum Thread depicting the story related with Premium Trading, scary?

In short, certain bet broker manipulate the betting like MM (Market Maker) of FX broker by having in house DD (Dealing Desk) & laying the customers' bets as what I explain in Forex Broker Select Trusted Forex Brokers With No Hidden Agenda.

BTW, Alice Trishmann, Accounts Manager & Sales of PremiumTradings made the following comments on the above forum thread;

A customer whose aim was to misrepresent our service’s values and impeach our integrity by falsely accusations for embezzlement of funds that initially have not belonged to him. PremiumTradings has proved during the years to all of those who had chosen our agency as a strong and secure business partner. E-mail Correspondence

Conclusion - Precautionary Actions

Having said, bet broker makes a critical role for many international punters to exploit the juicy advantage plays opportunities globally. Allow me to reiterate Not Use VPN tactics Under The 3rd Party Name.

Bottomline

So, we need bet broker. The issue is how safely & smartly we can use.

What we suggest are ,

  • On top of the information I share in this report, do your own research until you feel comfortable. Avoid any bet broker that don’t respond to your serious question.Bet Broker, Risk Management Egg Basket
  • Don’t allocate more than 30% of your total betting bank into the category of bet broker fund.
  • Don’t put all eggs into one basket. Namely split your above bet broker fund allocation (up to 30% out of the total) into multiple (at least 2) bet brokers.
  • Assuming you prefer bookies integrated account, get the demo account before you start with the real money. Every bet broker I provided the information will give you the log-in info immediately after you request via contact.

Hope These Will Help. Good Luck!!

Joshua Walker

Editor - GEM (Global Extra Money)