October 27, 2020

Best Bet Broker (Betting Brokerage) Service in 2020? #1 Bet Agent

Welcome to the definitive guide on the best bet broker (aka betting brokerage) for those who want to make money from sports betting!

Are you interested in doing arbitrage, matched or value betting, but aren’t able to easily access sharp bookmakers or betting exchanges in your country?

Or perhaps you would simply like to access multiple sharp bookmakers and betting exchanges via a single account rather than having a ton of different accounts with different balances requiring constant rebalancing?

If this is you, I recommend that you consider using a bet broker (aka bet agent). They act as an intermediary between you and companies such as Pinnacle and Betfair, even if these companies don’t normally operate in your country!

Read on to find out more about the best betting brokers!

Note: Agent style betting is prohibited in many countries. It is up to you to ensure that you comply with all relevant legislation in your country of residence. If in doubt, contact a legal professional in your country.


Betting brokers are not a way to circumvent Know Your Customer (KYC) verification. Brokers are required to ensure all their customers meet strict KYC standards to prevent money laundering.

What is a Betting Broker?

A betting broker (aka bet agent or betting brokerage service) is simply a third party that acts as an intermediary between you and a bookmaker or betting exchange.

Rather than opening multiple bookmaker accounts directly, you can use a betting brokerage service to access these bookmakers.

You can use their online portal to order a bet and the betting agent will instantly execute the bet on your behalf, using automated software. For some brokers, it is also possible to use Skype to place bets.

Best bet agent

Most betting brokers make money by having an affiliation with the bookmakers, which means that they receive a commission from the bookmaker when you place a bet through them.

This allows most betting brokers to charge no fees to their customers.

However, some betting brokers charge an additional fee to the bettor (you), if the commission they receive from the bookmakers is very low.

What are the Benefits of a Bet Broker?

Access Bookmakers that Don’t Operate in Your Country

To be successful at arbitrage betting, you need reliable access to sharp bookmakers such as Pinnacle. Unfortunately, Pinnacle don’t operate in a number of other countries anymore.

You can use a betting broker to gain access to clones of Pinnacle, Betfair and other operators. These clones are affiliated with but separate to the official sites.

Despite the fact that these clones are still separate to the official sites, you will still need to undergo strict Know Your Customer (KYC) verification before being able to use the clones. This is to prevent money laundering.

Use a Single Brokerage Account to Access Multiple Bookmakers

Rather than keeping track of multiple bookmaker and betting exchange accounts, simplify things by operating them all through a single brokerage account.

Most brokers also allow near-instant, free transfer of funds between bookmaker accounts, which simplifies your accounting and prevents the need to constantly rebalance your accounts, which can take days.

Lower commissions

Betting brokers are typically using clones of the betting exchanges, so they can secure lower commission rates (which they then pass on to you) than you would be able to get if you had a personal account.

Higher stake limits

Most betting brokers have very high stake limits, higher than you might be able to get yourself with a personal account.

Winning players welcomed

If you continue to win with a betting broker, they typically won’t limit you, as they make money based on your turnover, rather than how much you lose at the bookmaker.

What Should you Consider when Choosing a Betting Agent?

Country restrictions

Betting brokers do not accept customers from all countries. Almost no reputable betting brokers accept customers from the USA and France.

Supported bookmakers and betting exchanges

Different bet agents cover different bookmakers and betting exchanges. Make sure you are happy with the supported bookmakers before you sign up to a broker.

Commissions charged

Different betting brokers charge different betting exchange commissions. These commissions can make a big difference to your long term profits, so it is important to look around for the best rates

In addition, some sports betting brokers charge a commission (typically a % of the turnover) when using certain bookmakers. Again, this varies depending on the broker.

Deposit/withdrawal fees

Most brokers offer free deposits and one free withdrawal per month, with fees charged for any additional withdrawals beyond that.

However, other brokers charge fees for deposits as well as withdrawals, or have conditions that stipulate that you must turnover your deposits a certain number of times before they can be withdrawn.

Supported payment methods

Bank transfer plus Skrill and Neteller are the standard payment methods for brokers, but some offer Bitcoin, Visa and Mastercard plus a number of eWallets as payment methods.

Minimum deposit/minimum bet limits

Bet brokers make their money from customers with high turnover. They are not interested in people placing small bets here and there. Many have minimum deposit limits of €100 and minimum bet limits of €5 or more.

Reputation regarding payouts

Some less reputable bet brokers have been known to withhold payouts from customers, citing a supposed breach of the terms and conditions.

Others have very strict requirements on withdrawals, requiring all deposited money to be turned over 10-20x before it can be withdrawn.

Unfortunately, a drawback of using a betting brokerage service is that there is no recourse if a broker decides to withhold your money from you.

They are typically based in Curacao or Netherlands Antilles, so it is virtually impossible to raise a legal dispute against them. The best thing to do is to choose a betting broker with a good reputation, such as the ones I recommend in this article.

What is the Best Betting Broker?

The 3 best and most reputable betting brokers are BetInAsia, Sportmarket and AsianConnect88. If you are not interested in reading the details, here are my overall ratings for each of them.

Betting Agent

Overall Rating

Let’s compare them all using the criteria discussed above.

Sign Up Bonuses

The betting brokers are each offering the following sign up bonuses for new customers. Use the buttons above to access these offers!

Betting Agent

Sign Up Bonus

0.1% cashback for life

None

20% deposit bonus up to €400

Restricted Countries

Betting Agent

Restricted Countries

BetInAsia

USA, UK, France, Sweden, Turkey, and Singapore

Sportmarket

USA, UK, France

AsianConnect88

USA, France, Singapore

Supported Bookmakers and Exchanges

Bookmaker/ Exchange

BetInAsia
Sportmarket

AsianConnect88

Betfair

βœ“

βœ“

✘

Betdaq

βœ“

βœ“

✘

Matchbook

βœ“

βœ“

βœ“

3et

βœ“

βœ“

✘

Pinnacle (PS3838)

βœ“

βœ“

βœ“

SBOBET

βœ“

βœ“

βœ“

Singbet

βœ“

βœ“

βœ“

Maxbet

βœ“

✘

βœ“

BetISN

βœ“

βœ“

βœ“

18bet

βœ“

βœ“

✘

JAbet

βœ“

βœ“

✘

RedZone

βœ“

βœ“

✘

Supported Sports

Bookmaker/ Exchange

BetInAsia
Sportmarket

AsianConnect88

Football (Soccer)

βœ“

βœ“

βœ“

Tennis

βœ“

βœ“

βœ“

Basketball

βœ“

βœ“

βœ“

American Football

βœ“

βœ“

✘

Baseball

βœ“

βœ“

βœ“

E-Sports

βœ“

βœ“

βœ“

Ice Hockey

βœ“

βœ“

βœ“

Cricket

βœ“

βœ“

βœ“

Rugby

βœ“

βœ“

βœ“

Boxing

βœ“

βœ“

βœ“

MMA

βœ“

βœ“

βœ“

Golf

✘

✘

βœ“

Cycling

✘

✘

βœ“

Commissions Charged

Bookmaker/ Exchange

BetInAsia*
Sportmarket*

AsianConnect88

Betfair

3.00%

2.30%

N/A

Betdaq

1.50%

1.20%

N/A

Matchbook

1.25%**

1.80%

1.25%**

3et

N/A

0.50%

N/A

JAbet

0%

1.00%**

N/A

RedZone

0%

1.00%**

N/A

* All BetInAsia and Sportmarket commissions are already factored into the odds displayed on their site, for ease of comparison.

** Commissions are charged on winning and losing bets

Deposit Payment Methods and Fees

Payment Method

BetInAsia
Sportmarket

AsianConnect88

Skrill

βœ“ (Free)

βœ“ (1%)

βœ“ (Free)

Neteller

βœ“ (Free)

βœ“ (1%)

βœ“ (Free)

Ecopayz

βœ“ (Free)

βœ“ (1%)

βœ“ (2%)

Bank Transfer

βœ“ (Free)

βœ“ (Free)

βœ“ (Free)

Bitcoin

βœ“ (Free)

βœ“ (1%)

βœ“ (Free)

Tether

✘

✘

βœ“ (Free)

Visa

βœ“ (Free)

✘

✘

Mastercard

βœ“ (Free)

✘

✘

MuchBetter

βœ“ (Free)

βœ“ (Free)

✘

Jeton

βœ“ (Free)

✘

✘

AstroPay

βœ“ (Free)

✘

✘

CashtoCode

βœ“ (Free)

✘

✘

Withdrawal Payment Methods and Fees

Payment Method

BetInAsia*
Sportmarket

AsianConnect88**

Skrill

βœ“ (2%)

βœ“ (1%)

βœ“ (1%)

Neteller

βœ“ (2%)

βœ“ (1%)

βœ“ (1%)

Ecopayz

βœ“ (2%)

βœ“ (1%)

βœ“ (1% - capped to €30)

Bank Transfer

βœ“ (2%)

βœ“ (Free)

βœ“ (Free)

Bitcoin

βœ“ (2%)

βœ“ (1%)

βœ“ (Free)

Tether

✘

✘

βœ“ (Free)

Visa

βœ“ (2%)

✘

✘

Mastercard

βœ“ (2%)

✘

✘

MuchBetter

βœ“ (2%)

βœ“ (Free)

✘

Jeton

βœ“ (2%)

✘

✘

AstroPay

βœ“ (2%)

✘

✘

CashtoCode

βœ“ (2%)

✘

✘

* BetInAsia allow 1 free withdrawal every 30 days. Additional withdrawals in this period will incur fees in table above.

** AsianConnect88 allow 1 free withdrawal every month. Additional withdrawals in this period will incur fees in table above (except for Bitcoin and Tether, which have unlimited free withdrawals).

Best bet broker

Minimum Deposit, Withdrawal and Bet Limits

Payment Method

BetInAsia
Sportmarket

AsianConnect88

Minimum Deposit

€100

€250

€10

Minimum Withdrawal

€100

€250

€10
Minimum Bet

€5

€10

Various

Betting Agent Reviews

I will now briefly review each of the betting brokers compared above, showing you the overall pros and cons of each of them.

BetInAsia - Best Bet Broker

BetInAsia is a relative newcomer to the betting broker scene, but has rapidly become one of the most popular bet agents out there. It’s easy to see why:

Pros
  • Modern website with excellent user interface
  • Free deposits and 1 free withdrawal every 30 days
  • Tons of different payment options
  • Access to 9 bookmakers and 3 betting exchanges
  • 0.1% cashback on all bets for life for readers of The Arb Academy
Cons
  • Deposits must be turned over 3x at odds of at least 1.50 before they can be withdrawn
  • Do not accept customers from USA, UK, France, Sweden, Turkey, and Singapore

If you are interested in taking advantage of the 0.1% cashback offer on all bets for the life of your BetInAsia account, use the button below!

If the cashback offer is not applied to your account for any reason, please get in touch with me and I will sort it out with the BetInAsia team for you.

Want more information? Check out my full BetInAsia review!

Sportmarket

Sportmarket has long been considered one of the best betting brokers, providing an excellent service since its establishment in 2004.

Pros
  • Access to 8 bookmakers and 3 betting exchanges
  • Lower exchange commissions than other brokers
  • Commission charges are factored into the odds for easy of comparison
  • Can post offers on BETDAQ and Betfair through Sportmarket
Cons
  • Deposit and withdrawal fees apply for many payment methods
  • Visa/Mastercard not accepted
  • High minimum deposit and withdrawal (€250)
  • €10 minimum bet
  • Commissions charged on bets with REDZONE and JAbet
  • Account may be closed if minimum monthly turnover not consistently met (€2,500)
  • Only accept € as account currency
  • No sign up bonus like other brokers

If you are interested in finding out more about Sportmarket, use the button below to access their site!

AsianConnect88 - Recommend Bet Broker for UK

Established in 2002, AsianConnect88 is a very experienced operating in the bet brokerage scene. They have been reliably connecting European and international bettors with Asian bookmakers for decades.

Pros
  • Very low minimum deposit/withdrawal (€10)
  • Allow accounts to be funded in Β£ or €
  • 20% signup bonus up to €400
  • Free deposits and 1 free withdrawal per month
Cons
  • Fewer bookmakers and exchanges than other brokers
  • Do not accept customers from USA, France, Singapore

If you would like to take advantage of the 20% deposit bonus up to €400, use the button below to access the AsianConnect88 site!

If the deposit bonus offer is not applied to your account for any reason, please get in touch with me and I will sort it out with the AsianConnect88 team for you.

Betting brokerage

Best Bet Broker - Conclusion

The best bet broker for you will depend on a number of factors, particularly if you live in a country restricted by one of the betting brokers above.

Customers from the USA are virtually always prohibited by betting brokers, and customers from England can only use AsianConnect88 of the ones I recommend above.

If you are outside of England and the USA, however, I highly recommend BetInAsia.

They cover the most bookmakers, betting exchanges and sports of all brokers in this article, they cover the most payment methods and they allow free deposits via all payment methods.

They allow 1 free withdrawal via any payment method every 30 days, and their minimum deposit, withdrawal and bet limits are not excessive.

Their website is modern, easy to navigate and runs smoothly.

Sportmarket and AsianConnect88 are also decent options, although Sportmarket has high payment fees and minimum limits.

AsianConnect88 has very low deposit/withdrawal limits, but it covers much fewer bookmakers and exchanges than the other 2 options.

If you have any questions about betting brokers / agents, especially the ones discussed in this article, feel free to leave a comment below!

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Arbitrage Betting
Matched Betting
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Betting Automation

Disclaimer 1: Agent style betting is prohibited in many countries. It is up to you to ensure that you comply with all relevant legislation in your country of residence. If in doubt, contact a legal professional in your country.

Betting brokers are not a way to circumvent Know Your Customer (KYC) verification. Brokers are required to ensure all their customers meet strict KYC standards to prevent money laundering.

Disclaimer 2: This post may contain affiliate links. I will earn a commission if you choose to purchase a product or service after clicking on my link. This helps pay for the cost of running the website. You will not be disadvantaged in any way by using my links.

Frequently Asked Questions (FAQ):


What is the purpose of a betting broker (aka betting agent)?

Betting brokers act as intermediaries between bettors and bookmakers. They offer the following services:


  • Access to sharp bookmakers who don’t operate in your country (Pinnacle etc).
  • Multiple bookmaker accounts all accessed through one portal
  • Instant, free transfers between bookmaker accounts
  • Lower exchange commissions than a personal account
  • Higher stake limits
  • No limits on winning players

Find out more in the full article.

Which is the best betting broker?

BetInAsia is the best betting broker (betting agent) out there. They allow access to 9 sharp bookmakers and 3 exchanges, allow free deposits and withdrawals and support many different payment options.

AsianConnect and Sportmarket are also good choices. These 3 are the most trustworthy and reliable betting brokers out there.

Find out more in the full article.

Do betting brokers offer signup bonuses?

Yes. BetInAsia are currently offering a 0.1% cashback bonus for life for readers of The Arb Academy. Find out more here.

AsianConnect are offering a 20% first deposit bonus up to €400. Find out more here.

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Louis


I'm an Australian guy who has used profitable sports betting to provide a decent side income (over a thousand dollars per month!) for myself while working full-time. I've set up the The Arb Academy to teach others how to do the same and achieve financial security through a second income stream!

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