Explaining Asian Brokers

[o48o]

That was a great read about something as an european didn't know anything about. Thank you for educating us.

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[Ucy]

Is the AsiaConnect here on the forum?
I guess most of the betting brokers do require KYC? I understand the need for such brokers though but anonymous cryptocurrency betting is better. Maybe we could have a cryptocurrency based brokers too?

[tyKiwanuka]

Maybe we could have a cryptocurrency based brokers too?

There is no point in that Crypto-only bookmakers are not regulated, so they can just take any customer they want. And you can open as many accounts as you want. That is why most crypto bookmakers will scam you sooner or later (if you are a winning player).

Recreational players don't need broker accounts anyway. It doesn't matter where they lose their money in the end. With the good odds in asian bookmakers, their deposit just lasts a bit longer.

[crwth]

~snip

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 

Well, yeah. I understand that, it’s just connecting them or something. Maybe through API so that it would be automated or something. One thing that I’m impressed with that they are able to do it flawlessly with it and able to balance everything or something.

That’s good that you have tried it. Maybe you are really experienced in gambling, knowing your name, Lol. Any other tips you are planning to share soon?

[SyGambler]

Is the AsiaConnect here on the forum?
I guess most of the betting brokers do require KYC?

they don't have a rep here , or at least an active rep since I'm not sure if they used to have one in the past
when it comes to KYC it's tricky to be honest , I read many times in the forums that Asianconnect doesn't ask for KYC if you use bitcoin and indeed I've been using them for like 20 months now without sending them my ID

BUT they may change that any moment and they are clearly stating that they have the right to do so anytime they feel they need to

sportodyssey is a broker that won't ask for ID , but can't really recommend it since it's still new and can't be compared with Asianconnect

[daniels888]

Is the AsiaConnect here on the forum?
I guess most of the betting brokers do require KYC? I understand the need for such brokers though but anonymous cryptocurrency betting is better. Maybe we could have a cryptocurrency based brokers too?

I have an Account in AC88. im using BTC. if you want I can refer you to my Account manager to give you more idea about AC88.

[Distinctin]

Recreational players don't need broker accounts anyway. It doesn't matter where they lose their money in the end. With the good odds in asian bookmakers, their deposit just lasts a bit longer.

I belong to that group of gamblers, when I don't know about crypto sportsbook yet, I don't bother to gamble, so it would be alright with me if soon things will be regulated and our country might be ban in their different sportsbook.

To OP, I like to ask something, do you have any idea how much is the minimum when we choose to play with a broker?

[daniels888]

Recreational players don't need broker accounts anyway. It doesn't matter where they lose their money in the end. With the good odds in asian bookmakers, their deposit just lasts a bit longer.

I belong to that group of gamblers, when I don't know about crypto sportsbook yet, I don't bother to gamble, so it would be alright with me if soon things will be regulated and our country might be ban in their different sportsbook.

To OP, I like to ask something, do you have any idea how much is the minimum when we choose to play with a broker?

in AC88 their minimum deposit for you to open an account is 0.00010 BTC 

[SyGambler]

Recreational players don't need broker accounts anyway. It doesn't matter where they lose their money in the end. With the good odds in asian bookmakers, their deposit just lasts a bit longer.

I belong to that group of gamblers, when I don't know about crypto sportsbook yet, I don't bother to gamble, so it would be alright with me if soon things will be regulated and our country might be ban in their different sportsbook.

To OP, I like to ask something, do you have any idea how much is the minimum when we choose to play with a broker?

not exactly sure to be honest , but I'm sure you will be fine with like 30 euros
as the previous guy mentioned it seems the minimum deposit is small , but please note with such low deposit you will end up not matching the min bet
in orbit exchange for example the minimum bet is 6 euros and each single bookie or exchange the broker offers have a different minimum bet

the highest I remember was 13 Euros for one of the bookies offered

but in general all gamblers can bet through the brokers , some people think they need a few hundreds to start betting there but no you can with small budget as well

[SyGambler]

here is an example how a broker can save you a lot of value some times , you can see the odds difference for pliskova to win 2-0 between Orbitx ( Betfair ) and Pinnacle





and the set betting market doesn't have that much liquidity usually , but even with such liquidity you can see a huge difference in price for that selection between Pinnacle and the exchange
so checking the exchange from time to time isn't a bad idea

[elabor77]

Another broker is betinasia. However, before opening an account with the brokers, in addition to reliability, you need to check whether they offer monthly cashback on the total volume of bets (winners and losers) and withdrawal fees.

[SyGambler]

Another broker is betinasia. However, before opening an account with the brokers, in addition to reliability, you need to check whether they offer monthly cashback on the total volume of bets (winners and losers) and withdrawal fees.

I haven't tried that one TBH , thing is that I tried a couple of other brokers but they had a hidden margin
so the prices that they give you are the real prices but a little bit lower , but with Asianconnect all odds are the same as the original bookie so I sticked to it

what are the brokers that offer cashbacks ? and are their odds real or reduced ? cause it doesn't make sense to get cashback if they are already adding extra juice

[tyKiwanuka]

what are the brokers that offer cashbacks ? and are their odds real or reduced ? cause it doesn't make sense to get cashback if they are already adding extra juice

Bet-IBC gives cashback for Pinny accounts for example. Not very attractive though, 0,1% for monthly turnover of €300k+.

It does make sense for brokers to offer it, because they live off the turnover as well. The more turnover a client creates, the more the broker earns. So they give you some incentive to play more.

[SyGambler]

Bet-IBC gives cashback for Pinny accounts for example. Not very attractive though, 0,1% for monthly turnover of €300k+.

It does make sense for brokers to offer it, because they live off the turnover as well. The more turnover a client creates, the more the broker earns. So they give you some incentive to play more.

thanks for sharing
they offer that only for pinnacle ? if so then bitcoinrush already offers the same for their lowest VIP tier and no need for that high monthly turnover
also if you use the first deposit bonus with BetBtc you will be getting even better returns than that

I'm mainly using the brokers for betfair exchange cause we already have better alternatives for pinnacle and SBO ( if you are more comfortable holding BTC of course )
any broker offering betbacks for exchanges ?

[tyKiwanuka]

thanks for sharing
they offer that only for pinnacle ? if so then bitcoinrush already offers the same for their lowest VIP tier and no need for that high monthly turnover
also if you use the first deposit bonus with BetBtc you will be getting even better returns than that

I'm mainly using the brokers for betfair exchange cause we already have better alternatives for pinnacle and SBO ( if you are more comfortable holding BTC of course )
any broker offering betbacks for exchanges ?

Not sure, if there are cashbacks for other bookies or exchanges (I am mostly using the Betfair Exchange nowadays and there is definitely no cashback available other than reducing your commission by yourself), but brokers are always willing to negotiate, if you are highroller. Do you have a Betfair account with a broker where you are able to use the exchange as well ? Or are you using Orbit ? Or some betting tool with exchange odds available ?

[SyGambler]

Not sure, if there are cashbacks for other bookies or exchanges (I am mostly using the Betfair Exchange nowadays and there is definitely no cashback available other than reducing your commission by yourself), but brokers are always willing to negotiate, if you are highroller. Do you have a Betfair account with a broker where you are able to use the exchange as well ? Or are you using Orbit ? Or some betting tool with exchange odds available ?

I'm using orbit thro Asianconnect , never heard they can reduce the commission but saw some winners on SBR got their commissions increased tho 
is there any service that offer betfair directly regardless of country of residence ? would be really cool to got that BSP for horse racing 

[tyKiwanuka]

is there any service that offer betfair directly regardless of country of residence ? would be really cool to got that BSP for horse racing 

There is, but not publicly. In the end agents/brokers can always get you a Betfair account, but you have to ask proactively and be ready to pay some money for it (via high initial deposit and them taking some % of that).

Orbit is fine I think, but they lack an API to use trading software, which turns me off very much. I am just too used to trade via software, that it's a pain in the arse to do everything manually again

[elabor77]

Another broker is betinasia. However, before opening an account with the brokers, in addition to reliability, you need to check whether they offer monthly cashback on the total volume of bets (winners and losers) and withdrawal fees.

I haven't tried that one TBH , thing is that I tried a couple of other brokers but they had a hidden margin
so the prices that they give you are the real prices but a little bit lower , but with Asianconnect all odds are the same as the original bookie so I sticked to it

what are the brokers that offer cashbacks ? and are their odds real or reduced ? cause it doesn't make sense to get cashback if they are already adding extra juice

asianconnect88 - premium trades for cashback, but make sure for each individual broker. Personally never used, now I'm experimenting with betinasia for a betfair clone account (mountbet) that has identical prices to betfair and 3% commission on winnings. For withdrawals, one free per month, the following ones have a 2% cost with rollover x3 with the same or higher prices @ 1.5. However always read the terms & conditions well

[SyGambler]

There is, but not publicly. In the end agents/brokers can always get you a Betfair account, but you have to ask proactively and be ready to pay some money for it (via high initial deposit and them taking some % of that).

Orbit is fine I think, but they lack an API to use trading software, which turns me off very much. I am just too used to trade via software, that it's a pain in the arse to do everything manually again

oh wow , didn't actually know that
yeah Orbit is more than fine and I don't use trading software so no problem with that , the only thing I need is having access to BSP

asianconnect88 - premium trades for cashback, but make sure for each individual broker. Personally never used, now I'm experimenting with betinasia for a betfair clone account (mountbet) that has identical prices to betfair and 3% commission on winnings. For withdrawals, one free per month, the following ones have a 2% cost with rollover x3 with the same or higher prices @ 1.5. However always read the terms & conditions well

asianconnect never mentioned any cashback for me , and as I remember I tried premium  and asked for pinnacle account just to get higher limits but odds were reduced for their pinnacle clone so I wasn't actually getting the real pinnacle price

[omonuyak]

That was a great read about something as an european didn't know anything about. Thank you for educating us.

Of a truth I was well informed and some of us that are new in gambling will definitely see this as one of the ways to make gambling decisions without directly involved in it. The brokers will use your funds on your behalf and getting the best odd and reduce risk through negotiations.