Choose e-wallet for Sports Arbitrage Betting
Which is the best e-wallet for sports arbitrage betting and why?
Why choosing an appropriate e-wallet for sports arbitrage betting is so important? Well, arbitrage requires money. You need money on many bookmakers and you need to transfer money between bookmakers quickly. After winning streaks on some bookmakers, and losing streaks on other, your bankroll is totally unbalanced. In order to manage money efficiently, e-wallets are an important tool. Although bookmakers accept several deposit and withdrawal options, some of them have costs, are slow, or are not suitable for withdrawing. E-wallets generally solve these problems!
If we have to name the “king” of the e-wallets for sports arbitrage betting, definitely Skrill is the right name. The previous name of the king was Moneybookers, so don’t get confused if somebody tells you that Moneybookers is better than Skrill or the opposite – it is the same e-wallet.
Unlike the other e-wallets, Skrill welcomes people from almost all around the world which is a great benefit. But this is not everything – Skrill offers a range of free methods of deposit for many specific countries. For transferring money between accounts the cost is 1% for the sender and the recipient has no fee. If you are withdrawing money from Skrill to your bank card the fee is fixed 2,95€ and if you are depositing money from your bank card to your Skrill account there is 1,90% fee (for users of Paysafecard the fee is 5,50%) If you compare this to PayPal, where for example the fee for transfer is average 3,4%+0,35€ and the receiver pays the fee, you will definitely convince who cares more for your funds.
One more reason why Skrill is the best e-wallet for sports arbitrage betting is that it accepts every major currency. This way you will choose which currency is more comfortable for you to use. Usually, arbitrage bettors choose euro, but anyway there are still some that prefer different currency. If you are converting the currency while transferring money the fee is from 2,99% to 3,99%(between USD, GBP, EUR, CAD or PLN) and 4,99% for any other currency.
One more advantage for Skrill is that they have their VIP package with different levels. For example, if you transact over 6000€ within 3 months you will get the Bronze level. Bronze level includes higher ATM limit, your depositing fee will decrease from 1,90% to 1,25%, transferring money between accounts will change from 1% to 1€ and etc. You can check all the VIP benefits here.
Neteller is the second pretender for the throne of the best e-wallet for sports arbitrage betting.
He also welcomes people from almost all around the world except countries like Kazakhstan, Iran, Syria, China and etc. The full list of available countries you can check in Netteler.com->About->Availability. For transferring money between accounts there is no fee for sender and recipient. If you are withdrawing money from Neteller to your bank card the fee is from 4 EUR to 25 EUR. If you want to deposit money from your bank card to Neteller account the fee is from 1,9% to 4.95% ( for users of Paysafecard the fee is from 5,50% to 9,9%) and for some transfers like Local bank deposit or International bank transfer, there is no fee.
Neteller supports 22 currencies: USD, EUR, AUD, BGN, CAD, DKK, GBP, HUF, INR, JPY, MYR, MXN, MAD, NOK, PLN, RON, RUB, SGD, SEK, CHF, TWD, TND. If you are converting the currency while transferring money the fee is 2,95% to the average daily interbank market rate published by third-party foreign currency data provider. Neteller retains this amount as a foreign exchange processing fee to protect against exchange rate fluctuations.
Neteller also has VIP package you can apply for. The bronze packet includes 1 000 000 USD daily ATM cash withdraw limit and 2,95% FX fees. There are also Silver, Gold, Platinum and Diamond package.
To summarize, we can say for Neteller that they do not have clear politic for what fees are going to charge you with. It is hard to find the information you need on the internet and is changing their fees very often. It is hard to know what’s going on, but anyway, it is a little bit better than PayPal. We suggest if you have the opportunity to use Skrill, do it – their politic is clear enough and you can easily find all the required information on the internet.
Here comes the interesting part. OddStorm has a special agreement with Skrill and Neteller. If you sign up to one of them by these links /Skrill/ or /Neteller/, you will get your transaction limits increased immediately or after few hours. Why is it in great use for sports arbitrage bettors? In the beginning, after opening your e-wallet account, you will have a limited amount of transactions. In sports arbitrage betting you need to transfer a lot of money for short time and if your daily limit is 250€ this is really far away from what you really need.
When you reach your limit you can apply for increasements and this could take from few days to few weeks. By this time, you won’t be able to transfer more than 250€ daily and this means you won’t be able to place enough sure bets, which is not our mission at all. To apply for increasements of the limit you will usually need to do a photo identification and proof your address. If you sign up to Skrill or Neteller through OddStorm they will know you are OddStorm customer and this means they will know your needs. So instead of wasting time and waiting weeks to get your limits increased, you will get your way to the unlimited betting on sure bets, clear for less than a few hours.
Sometimes the managers are busy and it could take them a while to increase your limits. But if you don’t want to wait, just contact us at firstname.lastname@example.org and we will contact the e-wallet to see what takes him so long. Skip wasting time for an approval and create your Skrill or Neteller account now to make your arbing time better with Arbitrage Guides and OddStorm!
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Posted on: "19 August 2015", by "Iliyan Lishkov "
Last updated on: "16 March 2017"