Multiple Betting accounts can really help you increase your returns and increase your chances of making a profit. Only having one online betting account can and will limit your chances to maximising your returns. You are not able to have multiple accounts at the same bookmaker as it will break their terms and conditions, however you can open accounts at as many different bookmakers that you like.
1. New Customer Sign Up Offers
Online bookmakers offer new customers a sign-up bonus to bet with them. You will only ever be a new customer once so if you open accounts at multiple bookmakers you can have multiple bonuses. These bonuses will give your betting balance a real boost and can help improve your betting returns. It is especially important to read and understand the terms and conditions for these bonuses and what markets the bonus balance can be bet on.
2. Existing Customer on-going promotions
Having multiple betting accounts allows you to take advantage of the different promotions offered to existing customers. One bookmaker might offer an accumulator offer where you can get additional winnings, however you still need to check the returns from all the bookmakers as the one with the offer may not have the best odds.
3. Compare best odds
If you only have a betting account at one bookmaker then you must use their odds. You might get decent odds but are they the best? If you have an account at five bookmakers then you have the option to compare the odds and ensure you are getting the best value. If you have a multi selection bet, then the odds are multiplied and even a small difference in odds can make a difference.
4. Stake limits on specific markets
All online bookmakers will have limits on bet sizes they are willing to accept for specific markets, for example they may not want to expose them selves too much on a 2nd division match where there is not much liquidity. Even in high profile events the bookmaker might be too exposed on a certain outcome and will stop taking bets on that selection. To get around this you can bet on different markets within that event, like the Asian Handicap markets and the full-time markets are easily interchangeable.
5. Account limits
Whilst the online bookmakers will have their own stake limits on each market, they may also limit your account so you can only bet a certain amount on any market. If they see you as a sharp punter, they might limit you on specific sports or just specific markets for all sports. Having multiple accounts will give you the option to place the bet at one bookmaker if you are limited at another.
6. Choice of markets
Not all bookmakers cover the same markets and some bookmakers do not cover some sports at all. If you are betting on mainstream sports like football or horseracing then you will be ok, but 3rd division volleyball might be a different story. Having an account at another bookmaker can help if the sport or market is not covered.
Dutching is a betting strategy where you can place bets on multiple selections to ensure a profit. You can cover every outcome and ensure a profit. For example, you have placed a pre-match bet on over 2.5 goals being scored. During the game two goals are scored and whilst in-play you want to ensure a profit. So now you can now bet on under 2.5 goals to be scored to ensure that both outcomes are covered. It would be frowned upon to do this at the same bookmaker unless you used their cash out function. The cash out function might be the easy option, but you may get better odds and in turn, a better return dutching at another online bookmaker.
Which bookmakers should you join?
You must ensure that the bookmakers you sign up to are licensed and regulated in the UK, we have put together a list of safe and licensed online bookmakers to help you choose.
Can you have more than one account at the same bookmaker?
Having more than one account at a bookmaker is known by a term called gnoming, it is almost always against the bookmakers terms and conditions. If the bookmaker finds out that you have more than one account without permission, then they can simply close your account and void your bets. It is not worth the hassle of having bets voided when you could just open an account at another bookmaker.
How many betting accounts in the same household?
Having multiple members of a household having an account at the same online bookmaker is not usually a problem. However, if there is activity where the accounts are working together to bypass stake limits or take advantage of bonuses together then there might be problems. Always check the terms and conditions before signing up.
In summary, you can have one betting account and not have any issues. However, having extra accounts will help you make better returns from your bets. If you are only going to pick one bookmaker, then we would recommend from personal experience that you use (#ad) bet365.