Bank Accounts for multi accounting
Please note all the information provided in this page is information supplied by matched bettors who have experienced these activities.
This page nor this website are legal advisors, or encourage any activities described below.
SECURING BANK ACCOUNTS
But why is this relevant?
When rolling over matched betting multi accounting offers and bets you may sometimes find yourself in the position when everything wins!
See my video of “everything winning” here.
When this happens, it can be very disheartening, because if you have a lower bankroll, this can halt your profiting, as a lot of the funds could end up in say your Bet 365 account, for example.
Especially if you have had several football 2up offer bets win plus a few free bets win at 7-1 odds or more.
It has been reported to us many times, where multi accounting people have had over £5k in their multi accounting matched betting accounts.
Why does this cause a problem?
Matched betting offers with PayPal are very uncommon now.
Around year 2015/2016 bookmakers made a huge purge on deterring matched betting multi accounting.
To do this, they stopped most sign up offers and reload offers that are involved when depositing by ewallets and demanded deposit only be done via bank card.
Multi accounting bank card only
Matched betting multi accounting risks
So, let’s say you’ve had a withdrawal to your friends bank account for whom you are betting his accounts with. Let’s name him Fred.
Fred receives an alert from his Barclays mobile app that he has received a £5k deposit from BET365.
Now, because Fred is the legal owner of the Bet365 account, Fred can of course withdraw these funds and there is nothing you could do about it. We’ll explain some legalities below, though, after this section.
So, Fred decides he doesn’t like you much and then withdraws your £5k. This causes friction [to say the least] between you and Fred. See my bookmarked time video here about an associate who nearly had £4k stolen.
How to prevent this when multi accounting.
Precautions when multi accounting betting accounts
Firstly, please note this information is based on the understanding you have full permission form the person who owns these accounts. We have another tip, below, about documenting proof when MULTI accounting matched betting accounts.
Taking control of the bank account multi accounting
Gaining control of the account
You will need to access online banking and change the phone number
This will usually be the number you are using for the betting accounts, to multi account with, so should not be a problem, we have heard.
The main problem is banks use good precautions to avoid fraud and sometimes they may even contact the bank account owner, although this is rare. More commonly they will send an OTP code. They will send this to the old and new number.
So, if you’re doing this, it is best to do it when you are physically next to the account owner, or at least on the phone to the; as these codes expire quickly. They are similar to 2 step verifications. In terms of sending codes and expiry times.
You would repeat this process for the email, phone number, etc. This should ensure the bank account owner never knows you have had that £5k withdrawal go into your bank, like Fred did.
All Fred will know is that he’ll be getting free money from you with no risk.
You will then be ensured Fred can’t rip you off. Ultimately, you are protecting yourself here.
What if Fred still ripped me off when multi accounting
Multi accounting proof
This can be things like
Some people even ask Fred to draft a “contract”. Although this can seem to put people off, you could mention it’s done for their benefit, not yours.
After all, what the people you multi account for fail to realise is: it is your money at risk. You re the one that is exposed to danger not them. Of course, if a multi accounter was a fraud they could abuse the persons bank, but that would be categorically illegal and you’d be arrested in no time, but the account holders still fear this, which is silly really, but just their preference.
Other multi accounting precautionary things like:
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