Explaining Asian Brokers

[SyGambler]

recently a lot of brokers started promoting their services here in the forum and I noticed that many people have no idea what are these so I will try to explain how they work

what are the betting brokers ?

a broker is basically a site that offers you access to different sportsbetting websites through the same platform
that means you only need to create an account with the broker and they will create accounts for you in any of their supported bookies or exchanges
so the process is easier since you don't need to deal with every single site or do KYC a lot of times

why bookies allow that ?

the bookies offered by these brokers are regulated which means they can't allow people worldwide to use their services directly without having some troubles with the laws
so they allow brokers to bring bettors indirectly to their sites
and obviously bookies would love to get more money so this is a perfect deal for them

How do brokers make money ?

there are two different ways  first one is just like when you promote a site through your referral link , you will be getting commissions as long as your referrals are betting
so brokers do make money by just allowing people to bet

the second one ( not all brokers use it ) is increasing the margin a little , for example if pinnacle has 1.95 odds for certain selection your broker will allow you to bet at 1.935
this way they making money from this added juice as well

Why do people use the brokers ?

as I stated before , they do that just because they can't bet directly with the sites due to regulations and other laws
so this is the perfect way for bettors if they can't use the sites directly

do brokers limit their bettors ?

no they don't , cause the sites that they offer are usually the asian sites that don't care if you are a winner or loser
so unlike the normal fiat sites , when you use a broker you will be able to get the same odds and same limits if you are winner or loser
so all bettors are treated the same

are brokers really trusted ?

some of these brokers are really trusted and been in business for over 10 years so yeah they can be trusted
Asianconnect is the most popular and the most trusted so you should be fine with it
but if a new broker just showed up then you can't really trust it

do people who are able to bet with bitcoin sites need brokers ?

it depends on what you usually bet and how serious you are about your betting career
if you just bet occasionally then you don't need since bitcoin bookies offer a lot of what brokers offer

for example the main bookie in the Asian brokers is Pinnacle and we already have pinnacle alternatives ( Bitcoinrush , Betbtc and Fairlay)
the other main bookie is SBO and we have it as well through Betbit

but if you want to have access for betfair exchange and Matchbook while you can't directly use them then you need a broker since they do offer that while there is no bitcoin alternative so far

also the thing about brokers is that they use Euros as the betting unit , so if you hate keeping your balance in BTC then this might be better for you since you won't worry about the BTC price so much


hope I made it a little bit more clear , if you have any question regarding brokers I will try to help more

[GreatArkansas]

Does user interfaces for every brokers will also be different from the original one bookies?
Because if that so, it could be also one factor or reason why people will choose the broker over bookies, I am right?

For example, the user interface in the bookies is not much friendly user or hard to use, difficult to use in your mobile phones, while on the brokers is perfect; friendly user, easy to use, mobile-friendly.

[SyGambler]

Does user interfaces for every brokers will also be different from the original one bookies?
Because if that so, it could be also one factor or reason why people will choose the broker over bookies, I am right?

For example, the user interface in the bookies is not much friendly user or hard to use, difficult to use in your mobile phones, while on the brokers is perfect; friendly user, easy to use, mobile-friendly.

same interfaces that the bookies offer and to be honest Asian bookies look more complicated than the normal bookies that we know
some brokers also offer a service where you can access the odds from a single place , for example asianconnect will allow to create an account in their site that's called Asianodds
in Asianodds you will be able to scan all the odds offered by Asian bookies instead of checking each single one of them

here is a screen shot from asianodds for one of the selections




Overall it's harder for newbies to understand the lines of the Asian bookies , but it takes one day or so to get used to it

[Vaculin]

I never know that broker exist in the gambling world, especially in sports gambling.
Thanks for sharing, seems like it's a good business to operate, you don't only earn from referrals, you can also earn from extra juice. 

[SyGambler]

I never know that broker exist in the gambling world, especially in sports gambling.
Thanks for sharing, seems like it's a good business to operate, you don't only earn from referrals, you can also earn from extra juice. 

it's lucrative only if it gets popular cause the commisions aren't that high since overall most Asian bookies have low margin
was thinking in the past about starting similar service for bitcoin sites where you only bet with bitcoins , but recently some bookies started asking for KYC also a lot of these bookies are limiting the winners which means it's impossible to start one for bitcoin sites ( unless it's only for pinnacle and SBO but it doesn't make sense to start a service just for these )

[swogerino]

It is first time I am hearing about brokers in gambling and you have explained it very well.I think this can be a great way for arbitrage betting may be as you can have a lot of websites to choose from for your betting lines.

[SyGambler]

It is first time I am hearing about brokers in gambling and you have explained it very well.I think this can be a great way for arbitrage betting may be as you can have a lot of websites to choose from for your betting lines.

haven't found a single arbitrage thro the broker since as I stated most of the brokers users are professional bettors and many people have bots for betting which means even if an arbitrage existed it won't last for over a second or so

but you can arbitrage between them and other bitcoin sites , of course you may end up losing or winning more since you will be betting BTC on one side and Euros on the other side

overall they are good for serious bettors cause prices are either the same as bitcoin bookies or better by few cents

[Ziskinberg]

Honestly, I have no idea about this.

I can say I'm lucky enough that I can bet online direct to sportsbook, our government does not restrict us to gamble as crypto is not strictly regulated yet in our country. AFAIK, if sportsbook block you from accessing the site, that means it's illegal in your country to gamble online, so far, I can access freely.

[SyGambler]

Honestly, I have no idea about this.

I can say I'm lucky enough that I can bet online direct to sportsbook, our government does not restrict us to gamble as crypto is not strictly regulated yet in our country. AFAIK, if sportsbook block you from accessing the site, that means it's illegal in your country to gamble online, so far, I can access freely.

not necessarily tho , my country has no rules at all regarding online gambling but most of the gambling sites restrict access to my country
also for example it's legal to gamble in the UK but the site has to be regulated and licensed there , Pinnacle don't serve UK which means the only way to get pinnacle odds in the UK is through the brokers or using bitcoin sites

[davis196]

3 years ago,I've been looking for sports betting websites to join and I stumbled upon some article explaining what are sports betting broker platforms and what's the difference between a normal sports betting site and a sports betting broker site.It was very complicated and I gave up.OP,your post explains everything way better so more people could easily understand the pros and cons of broker sites.

[Ulven]

Great article well done, since when and this service is available? Personally, the first time I hear about the presence of gambling brokers, I think that this profession earnings will be profitable.

[tyKiwanuka]

How do brokers make money ?

there are two different ways  first one is just like when you promote a site through your referral link , you will be getting commissions as long as your referrals are betting
so brokers do make money by just allowing people to bet

the second one ( not all brokers use it ) is increasing the margin a little , for example if pinnacle has 1.95 odds for certain selection your broker will allow you to bet at 1.935
this way they making money from this added juice as well

Some brokers also charge some fees for deposit/withdrawal, where they are then able to make some bucks as well. And they have their own betting tools.

do brokers limit their bettors ?

no they don't , cause the sites that they offer are usually the asian sites that don't care if you are a winner or loser
so unlike the normal fiat sites , when you use a broker you will be able to get the same odds and same limits if you are winner or loser
so all bettors are treated the same

I know cases, where accounts actually got limited - mainly for people who bet and won a lot on low volume markets.

In recent times some bookmakers forced the brokers to take some % of the position on their customer bets as well. The asian sites do care if you are a winner or a loser (well, only if you're a winner to be precise ). So why don't they usually limit you ? Because you give them very valuable information. They just let you bet with high stakes - and they follow your bets with their own money elsewhere, while they adjust their lines.

The latest trick from the bookmakers is, to settle your account at 50%. That way, they get the same information for a lot less of sharp money.

[Harkorede]

Despite the fact that I do gamble a lot, and very often (almost daily) I have never come across such a thing as Asian Brokers, probably because the country I come from is not restricted to any gambling site, however, sometimes kyc are necessarily required.

Mere looking at the thread's title I supposed you were going to talk about Asian betting options like the Asian Handicap, and Asian Overs/Unders.

[Zicadis]

Great post, definitely something worth reading for those first getting into gambling, since they can often be confused when they see brokers offering to do essentially what any bettor would usually do themselves.

You should also mention that some brokers are able to negotiate better odds, then capitalize on the difference between the site odds and bookie odds to turn a profit.

[crwth]

Interesting topic, thanks for sharing. I know that brokers exist but not in the gambling area; this is entirely new to me. Or maybe calling them "brokers" is a term that I don't know that can be used to describe a particular site.

A broker would bet for you? Just like when there are traders or something like that, like in some movies. Does the broker collect all data from different sites? I guess they have a large balance on those different websites too.

Have you tried the mentioned brokers, OP? Whether it's Asianconnect or the other broker site that uses Bitcoin as the main currency, etc.?

[SyGambler]

Great article well done, since when and this service is available? Personally, the first time I hear about the presence of gambling brokers, I think that this profession earnings will be profitable.

it's been available for long time , even before bitcoin existed

Some brokers also charge some fees for deposit/withdrawal, where they are then able to make some bucks as well. And they have their own betting tools.

yep that's true but since the example I gave was about Asianconnect I skipped that part cause Asianconnect has no fees ( at least for bitcoin not sure about other payment processors )

I know cases, where accounts actually got limited - mainly for people who bet and won a lot on low volume markets.

In recent times some bookmakers forced the brokers to take some % of the position on their customer bets as well. The asian sites do care if you are a winner or a loser (well, only if you're a winner to be precise ). So why don't they usually limit you ? Because you give them very valuable information. They just let you bet with high stakes - and they follow your bets with their own money elsewhere, while they adjust their lines.

The latest trick from the bookmakers is, to settle your account at 50%. That way, they get the same information for a lot less of sharp money.

never saw anything about that to be honest , but I heard that Betisn isn't that good
heard that they void a lot of bets but didn't see anyone mentioning that they do limit players
the last thing I saw was about orbitexchange , someone said that they raised their fee for him from 3% to 6% on winnings and people on SBR were shocked since it's an exchange anyways

well I guess someone can always just change the broker if he got limited like this

Mere looking at the thread's title I supposed you were going to talk about Asian betting options like the Asian Handicap, and Asian Overs/Unders.

betting options are pretty much the same across all the books , so Asian handicap has nothing to do with brokers 

You should also mention that some brokers are able to negotiate better odds, then capitalize on the difference between the site odds and bookie odds to turn a profit.

that's true , but it's not offered by all the brokers so it's not a standard that's why I didn't mention it
I'm talking only about the basics to get general idea , some brokers do offer betting through Skype as well

Interesting topic, thanks for sharing. I know that brokers exist but not in the gambling area; this is entirely new to me. Or maybe calling them "brokers" is a term that I don't know that can be used to describe a particular site.

A broker would bet for you? Just like when there are traders or something like that, like in some movies. Does the broker collect all data from different sites? I guess they have a large balance on those different websites too.

Have you tried the mentioned brokers, OP? Whether it's Asianconnect or the other broker site that uses Bitcoin as the main currency, etc.?

they give you access to the books but they are the ones who handle the balance , so your relation isn't with the book directly but with the broker and all your transactions have to go through the broker

yeah I tried different ones , Asianconnect is really great and been in business for really long time so it's trusted ( sometimes they may ask for KYC tho )
There are tons of them I tried 5 or 6 as I remember 

[jake zyrus]

Wow. I'm glad I have read this thread and I have learnt something. Thank you for sharing your knowledge, not just to me but with everyone who'll read this. You've discussed it very well. You gave us enough information. Thanks op

[yazher]

Thanks for putting some effort explaining about it, until now I don't have ideas about how does its work. Thankfully!  I came across this thread and finally learn the meaning of brokers. in other words, they are just like a Middle man whom you put your trust and let them use your money.

[mirakal]

Thanks for putting some effort explaining about it, until now I don't have ideas about how does its work. Thankfully!  I came across this thread and finally learn the meaning of brokers. in other words, they are just like a Middle man whom you put your trust and let them use your money.

That's the simple definition, in our country, I don't know any broker that will accept bets on sports.
Good thing we were able to adopt here in cypto as that gives us an idea on where to gamble at ease, this is a good business for countries where sports gambling is illegal, well I wish I live in a certain country so I can take advantage on this, lol.. kidding.

[SyGambler]

Thanks for putting some effort explaining about it, until now I don't have ideas about how does its work. Thankfully!  I came across this thread and finally learn the meaning of brokers. in other words, they are just like a Middle man whom you put your trust and let them use your money.

yes that's exactly what it means , a middleman that's doing the business but with bookies approval

just like having a friend in the UK for example that has access to Bet365 but you don't have access to it , you can ask him to place bets for you
same concept but much more organized