Matched Betting Deposits

July 8, 2011

There are a couple of things you should know about making deposits to your bookie accounts.

First, it’s always a good idea to deposit a little more than required to get the maximum bonus. For example, if the bonus is £25, deposit £30 and place your qualifying bet of £30. Bookies won’t think that you’ve come solely to get their bonus if you do so. They will also treat you better if any issues arise. Unfortunately very few matched bettors do that…

Second, always use Great Britain pounds as your account currency. The largest bonuses are almost always given to those who use GBP.

And finally, read bonus Terms and Conditions carefully. I know I’ve said this before, but the majority of matched betting problems arise because people don’t read the T&C’s.

Payment Methods

This is an important topic, so read carefully.

What are the main payment methods offered by bookies? 

  • Various credit or debit cards
  • Bank transfers
  • Online payment systems/wallets (Moneybookers, Neteller, PayPal, Click2Pay, etc.)
  • Cheques
  • Postal transfers
  • Specific payments (such as pre-paid cards)

For matched betting, however,  I recommend only these payments methods:

  • Credit cards (VISA, MASTERCARD)
  • Online payment systems/wallets (Moneybookers, Neteller, PayPal)

These are universally accepted, fast and cheap payment methods. Any other services can be both expensive and time-consuming, thus inappropriate for matched betting.

Blocked Moneybookers Account

As internet fraud is on the rise, virtual wallets and payment systems, such as Moneybookers, block suspicious user accounts more often than before. They do that with the aim of protecting their customers, so there’s nothing to worry about if your account gets blocked.

What could be suspicious and trigger the blocking of your account?

  • Many large transactions within a short period
  • Multiple accounts registered with the same address, or used from the same computer
  • Fraudulent use of accounts

In most cases Moneybookers request sending them a proof of your identity (a copy of passport or driver’s license) and a document with your name and address on it to unblock your account.

It may take some time until Moneybookers  unblocks your account, as they have several million customers to deal with. Calling the support team may work faster than emailing them.

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