Lesson 02 – Bookmakers and Moneybookers accounts currencies

Lesson 02 – Bookmakers and Moneybookers accounts currencies

Sports arbitrage profit (on one arbitrage) is rarely higher than 2%. Contrary — currency exchange fees, you might face when transferring money between accounts settled with different currencies, are likely to completely cover your earnings, thus making whole investement unprofitable.

 

 

Thanks to having all bookmakers and Moneybookers accounts in same currency you simply avoid these currency-exchange fees, thus maximizing your profit. Besides you can with ease calculate stakes when placing surebets, not bothering about converting stakes to currencies of interest.

Choosing between various currencies might be in some cases difficult.

Best way is to estabilish all accounts in EUR (if this is your national currency).

The main advantages of such move include:

• All Bookmakers support EUR
• You avoid risk of currency devaluation

Sometimes it might happen, that your national currency is less-known, like PLN or AUD.

In such cases you might need to consider two options: either opening all accounts in your national currency or in EUR/USD.

Advantage of opening accounts in national currency (if less known):

• You avoid risk of currency devaluation

Disadvantage:

• Not all bookmakers will allow you to open account with such currency, thus limiting your arbitrage field

Other option is to open accounts in EUR or USD.

Advantage:

• All bookmakers are available for surebetting

Disadvantage:

• You need to buy EUR/USD at first and cover exchange fee. Afterwards you need to acknowledger risk, that EUR/USD record can drop down, so effectively you will lose money in your national currency at the time of withdrawal at your local cashpoint

All in all Surebet Monitor Team strongly encourages you to open all accounts together with your Moneybookers account in same currency of your choice.