Setting yourself up for success
So, you’ve decided to venture into the matched betting world and maybe you've already read our fantastic matched betting guide.
Before you get the ball rolling, we recommend that you do the following. The processes below will aim to ensure that your journey is as smooth as possible.
Create new bank account
You’ll want to have a separate bank account from your regular finances. This will make it far easier to track your betting money. It will stop you dipping into your float whilst you’re making profit with the help of Bank Builder and allow you to grow your funds quicker.
Unlike a traditional betting shop, the online bookmakers have none of the usual tools to verify your identity. While your age and money credentials are easily verified when you open a betting account and subsequently fund said account, the online bookmakers require one more layer of security to protect themselves from player fraud and this is where the bookmaker sends you an email requiring certain documents to really verify you are who you are. Note that this is a one-time process, once complete, the bookmakers usually never ask for those documents again and withdrawals are processed fast and easy.
When you request a withdrawal from an online bookmaker for the first time, you are likely to receive an email (although a different form of communication may be chosen by the bookie) asking you to email or post a list of documents, which will be used to confirm your details - name and address, as well as the form you used to make your deposit. Often the required documents include a copy of a government-issued ID, such as an ID card, driver’s license or passport, as well as a copy of a recent utility bill, that shows your name and address. If you have made a deposit with a credit card, the bookmakers are likely to also ask you for a photocopy of the credit card, as well. These documents may need to be certified. Which means that someone from a certain Profession or a Justice of the Peace can sign off on the documents. A list of appropriate people that verify can be found with each bookmaker when they request documents.
All online bookmakers have this verification process in place and all will ask you to verify your details before you can make a withdrawal. Those requirements are listed under each bookmaker's terms and conditions and for those who read such things, it should come as no surprise. If you use the bookmakers that Bonus Money recommends there should be nothing to worry about, as far as the safety of your private information is concerned. Yes, we realize that it's rather an inconvenience to have to go through this process. Unfortunately, there is no way around it. It usually needs to be completed just once, the rest of your withdrawals should go much smoother.
To make the process quicker and easier we recommend that you’re registered on the electoral roll. Most bookmakers will use the register to verify you. As well as that, you should scan or take a picture on your smartphone of the following;
Driving Licence (front and back) / Passport ID page
Utility Bill (no more than 3 months old) – ensure that your name and address are on the bill.
Bank Statement – Use the statement for the new account that you have just set up.
Credit/Debit Card – They’ll need to see the method in which you used to deposit. This will require you to cover some of the middle digits of your 16-digit card number and the 3 digit security code on the back. Its best to take a photo of your card as and when you need to, ensuring that you cover the requested digits.
Keeping track of your money
You’ll want to have a spreadsheet so that you can record your profits, which bookmakers you have accounts with, deposits/withdrawals, bets pending and bonus bets to use.
Preparing your battle station
Simply, prepare your web browser for matched betting. You should be bookmarking the Bonus Money site, Betfair, Bonus MoneyPro Facebook page and Bonus Money Back/Lay Calculator. Having easy access to these will ensure your matched-betting experience is a little smoother.
Begin your profitable journey
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