How To Make Money From Offshore Sports Betting With 3 Advantage Plays
Don’t Worry, We Show You A Few Methods To Create Reliable Extra Income Legitimately
- Advantage Play Basic Strategies
- Worldwide Online Gambling Law, Tax & Security
- Matched Betting – Offshore Sports Betting Action Plans
- Sports Arbitrage – Offshore Sports Betting Action Plans
- Value Betting On Proven Tipsters – Offshore Sports Betting Action Plans
I summarized comprehensive tables showing you Which Countries can do Which Advantage Plays & How in the last Conclusion section. Hope this will help you grab the whole picture conveniently.
We draw scenarios of offshore betting assuming the players would pursue the 3 advantage plays of sports betting. We suggest people take progressive move for the advantage plays, namely;
- Starting from Matched Betting (see Dummies Guide) / Sports Arbitrage (see Cheat-sheet for Dummies). Because these are basically risk-free and you can lock-in profit from almost every bet. Means you can start safely, which will help change your mindset toward betting activities/gambling.
- Comparing between matched betting & sports arbitrage, many people feel more comfortable to start matched betting first because you can do it easier with smaller bank.
- However, these 2 methods could be more short-lived down the road due to the ever-tightening soft bookies’ account restriction. See the rationale in Know Bookies’ Business Model. Besides, these methods are all about scalping small margins. Therefore, people often feel frustrated with limited profit scale in each bet comes from the risk-hedging nature.
- Thus, evolving into Value Betting On Proven Tipsters which is more scale with better efficiency for long-term is a natural move as an ultimate betting activity.
Allow me to emphasize that the above progression tactics is logical and the safest approach for newbies. Please see the whole picture in 3 Advantage Gambling in Sports Betting – Guide For Ordinary People To Beat Bookies. So, wherever you reside, if you’re new to Betting, suggest firstly seek if you can start up with matched betting or sports arbitrage. Once you exploit these opportunities, you can move to the value betting on top tipsters.
We will show you what you would need & how you can possibly pursue each advantage play successfully in the following sections;
- All countries around the world have their own laws and legislation regarding gambling of all kinds. According to Simon’s Guide To Online Gambling Legal Status and Laws,
except for 8 countries in the world (Cyprus, Poland, North Korea, United Arab Emirates, Singapore, Brunei, Cambodia), players gambling online have little to worry about.
Who Face What Risk
- The blog continues that as a rule of thumb, governments mostly penalize illegally operating gambling firms and rogue online gambling websites but not the players. If you are a playing online in the privacy of your own home, being prosecuted is extremely unlikely except the above 8 countries.
- To check the detail of your own jurisdiction status, go interactive map (the below image) of the above blog;
- In short, unless you plan to start betting related business, realistically most of you are likely to bet online without any penalty. The issue is how you are able to open an account of the bookies you need for advantage plays.
The tax we refer to is only Winnings From Betting of individual punter and not the activities related to gambling provider/business. Simply put, there are only 2 options of gambling tax;
- No Tax – 100% exempted, typical case is UK. It applies not only to casual punters but also professional punters (those who use gambling income for living). Because HMRC (UK tax office) do not recognize professional gambling as a taxable trade. See BIM22017 No single report is required.
- Levy On Net Winnings, typical case is USA. Only net winnings (total winnings – total loss) are levied. You basically can’t claim net loss aiming to any kind of tax refund, see IRS Explanation.
If your country is not listed then it’s likely gambling is not strictly legal and there is therefore no taxation laws.
Source: Cheeky Punter
As seen from the list, there are a variety of different attitudes towards taxation on winnings from different types of gambling. Looks, there are more no taxation countries than taxation countries. When it comes to specifically sports betting, taxation countries are the minority. So, for those who reside in the jurisdiction of No Tax but not have had a chance to do sports betting, it’s a good opportunity to make the best use of your government’s generous tax system.
We are not in the position to make any tax advice to any of the readers, so please ensure you consult your qualified tax specialist before you take any decision on the tax.
Security & Caution
Each online bookmaker has 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 the specific bookmaker you intend from the jurisdiction you reside;
VPN (Virtual Private Network)
Some betting advice sites suggest VPN access to sign up offshore bookies. Yes, you may be able to physically access, register & bet. 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 registration, some may not ask until you start withdrawal. In case you fail to verify, your account will be suspended & your winnings could be confiscated, which is a disaster. So, don’t believe rogue site’s unfounded story lightly. Unless you have a reliable person who allows you to use the above personal information willingly (probably only immediate family or extremely close friend), you’d better forget about this approach.
Now, let’s move to the specific tactics on each advantage play.
What You Need for Offshore Sports Betting Matched Betting
In order to make money from matched betting, you need Soft Bookies, Betting Exchange & Basic Tools;
Soft & Sharp Bookmakers
Broadly speaking, there are 2 types of bookies of Soft & Sharp bookies, for details, take a look at Beat The Bookies By Knowing How Your Enemy Makes Money – Secret Of Odds. But very quickly, we can characterize each bookie as;
- Soft bookies: Targeting Casual Punters – Run a lot of promotion / Odds adjustment is relatively slow / Impose account restriction (gubbing)
- Sharp bookies: Targeting Professional Punters – Highly competitive odds / High staking limit / Never impose account restriction
We Need Soft Bookies For Matched Betting
- The profit source of Matched Betting is bookies’ bonus / free bet, namely welcome offer to new players & recurring offers to existing players. Besides, bookies’ slow odds adjustment enables you to improve profit. Therefore, you need to access Soft Bookies based on Promotion Driven Business Model.
- In fact, the majority of online bookies are such Soft Bookies. On top of the above Bookmaker’s Restricted Countries List, you may use Bookmakers By Each Country, which lists nearly 150 countries. It shows the most popular bookies in each jurisdiction although it is not necessarily available as seen from the below screenshot. Nevertheless, it’s a good source.
- The established betting exchanges are, Betfair, Betdaq, SMarkets & Matchbook. In short, you need bet exchange to cover all the outcomes efficiently for risk-free transaction. You can also use Dutching but it will limit the opportunities. Check which bet exchange is available in your country. For the latest information about Restricted Countries of each exchange, go my separate report & check Betting Exchange Sign-Up Strategies Section.
- Although you can do matched betting manually, basic Tools, such as Odds Matcher & Matched Betting Calculator will save your time a lot. You can search the matched betting opportunity and calculate lay stake & predicted profit very easy. There are free tools as well as paid advanced tools.
Process Of Offshore Sports Betting Matched Betting
Firstly, check your accessibility to the soft bookies. If none, then forget about this opportunity. As said at the beginning, we would never suggest VPN tactics. Although there is very little chance of being prosecuted, the risk of financial loss (the confiscation of your fund or forfeiture of your winnings etc) is too big.
If you have decent number of accessible soft bookies, go next step. Well you may ask, how many is the decent number. Theoretically, you can do it when you can access even only 1 – 2 soft bookie(s). For example,
Both BetOnline & Sports Betting (BetOnline Group) open to any players from all over the world without any restricted countries. These Caribbean bookmakers (Panama) provide a lot of juicy offers but hardly gubb your account. In fact, we have never heard the case of gubbing except certain stake limit. A few of our members have enjoyed both matched betting & sports arbitrage using BetOnline & Sports Betting. High quality oddsmatcher such as Oddsmonkey covers Betonline and always captures a lot of good opportunities as below;
Anyhow, as long as the bookmaker offer you a welcome bonus, you can construct the matched betting Without Any Cost as being explained later. It is just a matter of how you value the return on your time.
Betting Exchange Access 1 – Bet Broker Service
If you can’t access a betting exchange, consider using bet broker. Bet Broker is a middleman between you & the offshore bookies & betting exchanges which you can’t usually access due to geographical location. It’s a convenient service but you’re not depositing money to the established bookmakers & betting exchanges, so you need a careful risk management. Therefore, before opening any accounts, strongly suggest seeing our Honest Opinion About Bet Broker & How To Use Them Safely & Smartly.
As long as we see, the following 2 bet brokers are the proper candidates because they cover at least 1 betting exchange;
Betting Exchange Access 2 – Betfair White Label
The above bet brokers provide good accessibility & full capacity usage especially for Matchbook & Betdaq but have certain limitation to Betfair access. Betfair is the world leading betting exchange providing the largest market coverage & highest liquidity. Although Betfair restrict many countries, they started actively exploring missing profit opportunities in those restricted countries by providing White Label solution. Means people can enjoy exactly identical Betfair platform under re-branded site. It’s typically described as “Powered By Betfair” in the site where Betfair white label approach is used. we have separately issued the report of Befair Alternatives – Select The Best Option To Suit Your Unique Needs, where you will find Betfair White Labels providing effectively Betfair Identical platform. Very briefly, you may consider the following 2 options (for 21Bet Exchange, we have special offer, so please see the details in the above document);
Betting Exchange Access 3 – Pinnacle
If you can access to Pinnacle, the world best sports-book for professional punters – see full details of this excellent bookie in our Full Review,you can use it as an alternative of betting exchange. How? Take a look at Pinnacle Arbitrage – Alternative to Laying on ExchangesEven you can’t access directly, all the bet brokers provide you with Pinnacle account. In any case, using Pinnacle as an alternative to bet exchange will definitely expand your matched betting options.
Matched Betting Basic Tool – No Cost Tactics
If you can access to both Soft Bookies & Betting Exchange, you can start matched betting immediately. For the basic tools, use Free Matched Calculator & Free Oddsmatcher. This free oddsmatcher covers around 80 bookies, If your bookmaker is not a part of it, you need to seek the opportunity manually. BTW, for those who are not familiar with matched betting, you can learn from Matched Betting Guide & Quick List of Matched Betting Instructions For beginners to intermediate level, access to our Free Program of GEM Extra Money Program £/€/$ 50,000 Conquest. It’s a well designed practical course for any of you to make profit from all the 6 advantage plays as long as you follow the instruction.
Matched Betting Basic Tool – Advanced Tactics with Paid Premium Service
The crucial factor in this case is the quality of Software. From this perspective, Oddsmonkey, of which oddsmatcher covers over 130 bookies, must be the most appropriate. Please take a look at our full review on Oddsmonkey.
What You Need For Offshore Sports Betting Sports Arbitrage
In order to make money from arbitrage betting, you need Both Soft & Sharp Bookies and High Quality Tool;
- Soft Bookies: Same as what we explained in the above matched betting.
- Sharp Bookies: Represented by Pinnacle that officially promote Sports Arbitrage in their own website & Asian Giants including SBOBet, MaxBet (former IBCBet) – a few of them are included in our List Of Best On-Line Bookies In The World;
- Arb Finding Software: The flash odds changes do prevent you from making the decent profit if you search arb opportunities manually or with free software that gives you only obsolete information. Therefore, investing in the quality software is essential. What you need is arb specialized software or oddsmatcher (see Sports Arbitrage Option section)
Process Of Offshore Sports Betting Sports Arbitrage
Same as the matched betting, you need soft bookies. But this time we don’t need their promotional offer but use their slow odds adjustment. This is because the profit source of Sports Arbitrage comes from Market Inefficiencies that creates under-round condition when we cover all the outcomes of a sports event. Means, we locate an arbitrage opportunity when bookmakers present different but sufficiently high odds on each side of an event. That often happens between a soft and a sharp bookmaker. It is difficult to place arbs among only sharp bookies because they are very fast at adjusting odds. Therefore, we need both soft & sharp bookies.
So, again if you’re not able to access to soft bookies, it’s better to skip this advantage play. Because keep chasing arb opportunities among sharp bookies or with just a few soft bookies most probably just waste your time. Considering the cost of high-quality software subscription, we would say you need at least 10 soft bookies to make the decent profit.
Sharp Bookies Access – Direct Sign-Up or Bet Broker Service
As briefly said, the sharp bookies are from Asian & Caribbean Regions. Let me list up the names;
Click each bookie’s name, and if “Rejected” message like below doesn’t come out, you may possibly (not guaranteed) be able to register directly;
When it comes to Asian Bookies & Pinnacle, even if you can open an account directly, you may consider using Bet Brokers. You can place a bet at multiple sharp bookies via bet broker’s single account, very efficient. See the list of Bookies each bet broker covers as follows;
However, again, before opening an account of any bet broker, take a look at Honest Opinion About Bet Broker & How To Use Them Safely & Smartly.
Arbitrage Finder – Software
First & the foremost, the ideal tool is the software specialized for arb findings. The best and the most widely used – over 100,000 users in the worldwide including Antarctica (not kidding) is RebelBetting. See our full review of; RebelBetting Review – Truth About World Best Sports Arbitrage Software
Sports Arbitrage Instruction
If you can access to both soft & sharp bookies, you are ready to start sports arbitrage. Just in case you are completely new to the arbing, suggest you take a look at Is Sports Arbitrage 100% Risk Free Surebet?.
If you know the basics, just follow Sports Arbitrage – Cheat Sheet For Dummies To Be Seasoned Arber Overnight
Sports Arbitrage Option
Arb Between Bookmaker & Betting Exchange
We have suggested that, among 3 advantage plays, people should start matched betting first if possible because of the easier process with lesser chance to make mistake. Then, for those who already do matched betting, you can use betting exchange for sports arbitrage. High quality oddsmatcher like Oddsmonkey can always capture arb opportunities (simply put, it is the condition of higher back odds at bookmaker than lay odds at betting exchange). For further details, take a look at Arbitrage Betting – Use Exchange & Extend Matched Betting ProfitsThis sports arbitrage tactics will expand your matched betting profit.
What You Need – Value Bet On Proven Tipsters
In order to make money from arbitrage betting, you need Sharp Bookies or Bet Exchange & Proven Tipsters / System.
- We don’t need to repeat, you can check the current availability in your country and how to access if they are not available from the above matched betting & sports arbitrage sections.
Allow me to emphasize the below point I said in 4 Best Betting Exchange Sign-Up Offers with Cash Extraction Process, that the back odds at exchange are theoretically (practically almost without exception) higher than conventional bookmakers because;
- Generally speaking, punters at betting exchange work at the low margin because they compete for each other especially in lay bet side. You can observe it in over-round % displayed at each back & lay odds in each market. In the lay side, it’s often less than 100% that is under-round. Considering the fact that bookmaker’s over-round of 10% < is not unusual, the odds at exchange is much better than the bookmakers even deducting 2 – 5% exchange commission.
- In bet exchange, back & lay adds are determined by market demand, and these 2 odds are displayed side by side. Needless to say, back odds is always lower than lay odds. It is not necessarily the gap between these 2 odds is very narrow but reasonably close. Then, when the bookmaker’s odds becomes higher than betting exchange back odds, arbitrage condition can possibly be created. Therefore, betting exchange back odds can’t be lower than bookmaker’s odds.
- See the below snapshot of horse racing at odds checker table. The best odds are dominated by the bet exchanges of 3 columns at the right end;
The bottom-line here is for those who bet on top rated tipsters / system, they may find even better odds at exchange than the tipster’s suggested price of conventional bookmakers.
Proven Tipsters (Handicapper) / System
There are hundreds of Self-Claim Excellent “Tipsters” or Tipster Ranking Sites rating based on ROI. However, it’s said that majority of such top tipsters give you disappointing results. Why? A few simple reasons, they cheat the records or manipulate the record, or we don’t know how to correctly read / interpret the records. The bottom-line is that many people fail to identify the true ability of each tipster. We summarized 3 Methods To Eliminate Fake Tipsters & Select Genuine Best, where you will find;
- Betting Tipster Survivorship Bias
- 2 Basic Misleading Elements – Length of Records & Long or Short Odds
- 2 Ways To Check Credibility – Closing Price & Randomness
If you want to conduct detail DD (Due Diligence) on individual tipster, a full check list is available in Value Bet By Proven Best Tipsters Guide.
Process Of Offshore Sports Betting Value Bet On Proven Tipsters
Unlike matched betting & sports arbitrage, you don’t need tens of bookmakers. You can sign up at least a few sharp bookies, which everybody in the world can do either directly or via bet brokers as already explained.
The most important & hardest task is finding a true excellent tipster (handicapper) / betting system. You can look for the one by your own research using the above methods & checklist.
But, we will provide you with the below 2 systems based on our years of the research & experiences, which may save your time;
SBC (Secret Betting Club) – For The Players in UK / Europe
This is not a tipster but a tipster proofing & rating institution and probably the most reputable rating service supported by a frequent quote by media in this industry. Their primary region is UK & Europe. Please take a look at our Secret Betting Club Review – Inside Analysis Of Ultimate Sports Betting Method
- Their Hall Of Fame Tipsters (top 22+ tipsters) are the results of SBC’s over decade’s proofing & rating work, of which rating criteria are very strict. Therefore, their top rated tipsters have large chances to be sustainable for long-term in the future.
- Many members report over £10,000 profit last year from SBC service, strongly suggest read the above our review for full details.
ZCode System – For The Players Anywhere In The World
This is probably one of the most successful sports investing system in the world. Their priority area is US 4 Major sports (also cover soccer & horse racing) but being used by the punters worldwide. ZCode system comprise Computer Automated Tips based on huge data base & Human Expert Tips. Please take a look at; ZCode Review – Full Inside Analysis / Founder Interview / Secret Of Winners Worldwide
- All of their tips are publicized in the private site & forum, thus being verified by thousands of members.
- Actually, their records are verified publicly all the way back to 1999 by back-testing and also forward testing, of which significantly large database prove authentic & reliable numbers.
- The tips are produced based on the analysis of over 800 parameters and their rating on all different strategies enables the members to chose the best fit tactics from 120+ available systems.
- All of their quoting price is Pinnacle, which gives good base for better profit in long-term.
Value Bet Instruction with A Model Example
The best way is going to our full review documents of the above 2 systems, where you can find the specific step-by-step process. However, just let me quickly share the safe model as an example, which includes basic money management & expected profit in ZCode System.
Money Management – Decide Your Betting Unit
- Let’s assume your initial bank is $2,000.
- Allocate 1% of your bank for your each bet, means $20 / bet. Nothing is set on stone with this allocation, but if you’re are a newbie, this is very safe approach. So, $20 is your 1 Betting Unit.
Chose The Systems & Place Bet
- Select your preferred betting systems / experts. Go Hot Trend and check Top Performing Automated System Rating (computer generated tips) & Top 30 Expert Rating (human experts’ tips).
- Let’s use Top Performing Auto System Ranking, and say you follow the current top system (based on the last 3 months active records), which is NHL Stalker System with around 29% ROI.
- Means you can expect $5.8 profit from every 1 Unit ($20 bet) for long-term (don’t get me wrong, this is an expected value in long-term, in short-term you may face losing streak due to the variance). The suggested tip varies 0.5 – 5 units based on the confidence on each event.
- If you place 60 units/month (average 2 units/day), you expect $348 profit by risking $1,200, 60% of your total bank every month.
- If you get 75% discount of ZCode subscription (go to the page of Z Code 75% Permanent Discount Opportunity, & check if the link is currently activated) your net profit will be around $300 / month. 15% return against your total bank of $2,000 or 25% return against the fund you risked.
- Bear it in mind, the suggestion of units/stake differs from each system or expert’s picks. This is by far the safest profit model. It is based on the money management of 1% betting unit by risking 60% of your total bank, means your 40% of your total bank is completely intact & treat it as a reserve.
- If you increase 1 unit from 1% to 2%, the return will be double but so as the risk. Same as increasing the units you place/month. Simply, the return corresponds with risk proportionally.
- You can withdraw the profit every month by keeping the original bank or you can re-invest your profit. In 3 months, your bank would be $3,000 from $2,000. Then your 1 Unit will have become $30 thus the monthly profit will be $473, 58% profit growth compared to the 1st month. The burden of your subscription fee will get smaller & smaller, and you will be amazed to see the power of compounding investment.
Stick To The System For A While
- Importantly, once you select the system, stick to it for a while. Never change just because you face loosing streaks which is a formula of failure. You can’t always win, loosing is inevitable, but if the system you choose is top rated, you will be profitable at the end of the day.
Let me summarize;
- Except 8 Countries where online gambling is banned, you can do offshore sports betting advantage plays.
- Matched Betting – Every punter except the USA where no betting exchanges are accessible can do & if it’s worth doing or not depends on how you value the return on your time, namely productivity.
- Sports Arbitrage – Every punter can do if it’s worth doing or not depends on the expected net profit (profit – software subscription cost) & profit is subject to the number of accessible bookmakers ( need at least 10+ soft bookies & 2-3 sharp bookies or betting exchanges). USA punters may want to take opportunistic approach without paid software to secure profit.
- Value Bet On Proven Tipsters – Every punter can do
The below tables give you a quick picture of the above;
|Soft Bookies||Use All Accessible Bookmakers||Online Gambling Banned 8 Countries (Cyprus, Poland, North Korea, United Arab Emirates, Singapore, Brunei, Cambodia)|
|Software / Systems||Matched Betting Package Service / Arb Software / Tipster (Handicapper) System||None|
|Matched Betting||Sports Arbitrage||Value Bet on Tipsters|
|8 Banned Countries||–||–||–|
|USA||–||Use Caribbean Bookies for Both Soft & Sharp Bookies Without Paid Software||Use Zcode + Caribbean Sharp Bookies|
|All Other Countries
Quality Software is Must
Use Asian & Caribbean Sharp Bookies as many as possible either Directly or via Bet Brokers
Select Quality System
Use ZCode for every punter in the world
Use SBC for UK & European Punters
If you need any assistance from us, please contact anytime, we will get back to you as quickly as possible, usually within less than 24 hours;
Hope this report will help you Create More Extra Income.