The term multi accounting is one you’ll probably hear when looking into matched betting. On the surface, it sounds like an obvious thing to do. The benefit of doing so sounds amazing! So why wouldn’t you?! However, it’s not as simple as it seems. This post will look at multi accounting and why you shouldn’t do it.
What is multi accounting?
Multi accounting is the opening of more than one account with the same bookmaker. However, this goes against the terms and conditions of most online bookmakers. The main reason why someone would want to open multiple accounts with one bookie would be to access their promotional offers more than once.
There is one exception to the rule, though…
Some bookies allow more than one person in the same household to open an account with them. And they allow you both to receive a sign up offer. These are known as ‘partner-friendly’ bookmakers.
Other bookmakers also allow more than one person in the same household to register an account. However, the difference is that only one account will be eligible to receive the sign up offer.
Matched betting and multi accounting
The first stage of any matched betting journey is to sign up to as many different bookmakers as possible. Upon registration, you should receive whatever the sign up promotion is on offer. For example, this could be in the form of a straightforward free bet, ‘money back if…’, or acca insurance.
That’s why, in matched betting specifically, it can be tempting to open more than one account with the same bookmaker. With the aim of receiving their sign up offer for a second time. Or third time…or fourth time…
Remember, though, that this is against the majority of bookmakers’ T&Cs. Whilst not illegal, multi-accounting is a bit of a grey area and will most likely see your bookie accounts heavily restricted or closed altogether. This would be a massive blow to your matched betting activities. You’ll either be ineligible for bookmaker offers, or unable to use your accounts at all. This is something you should be trying to avoid when matched betting.
Bookmaker sign-up offers
Sign up offers are only the tip of the iceberg when it comes to making a profit through matched betting. Once you’ve registered with a bookmaker and completed their welcome offer, you’ll unlock their reload offers. This means that you can continue to use your bookmaker accounts to make money online. Matched betting isn’t just about the signup offers!
Reload offers come in all shapes and sizes. Some appear daily, whilst others are event-specific (ie to be used during Cheltenham). Some reload offers are open to all customers, whereas others are exclusive, or invite-only. Here at OddsMonkey, we bring you ‘how-to’ guides for the best reload offers.
Once you’ve seen for yourself how matched betting works (and made some profit in the process) upgrade to OddsMonkey Premium to unlock guides to 50+ bookmaker sign up offer guides.