Topic: Explaining Asian Brokers - page 2. (Read 601 times)

Is the AsiaConnect here on the forum?
I guess most of the betting brokers do require KYC? I understand the need for such brokers though but anonymous cryptocurrency betting is better. Maybe we could have a cryptocurrency based brokers too?

That was a great read about something as an european didn't know anything about. Thank you for educating us.

yes that's exactly what it means , a middleman that's doing the business but with bookies approval

just like having a friend in the UK for example that has access to Bet365 but you don't have access to it , you can ask him to place bets for you
same concept but much more organized

That's the simple definition, in our country, I don't know any broker that will accept bets on sports.
Good thing we were able to adopt here in cypto as that gives us an idea on where to gamble at ease, this is a good business for countries where sports gambling is illegal, well I wish I live in a certain country so I can take advantage on this, lol.. kidding.

Thanks for putting some effort explaining about it, until now I don't have ideas about how does its work. Thankfully!  I came across this thread and finally learn the meaning of brokers. in other words, they are just like a Middle man whom you put your trust and let them use your money.

Wow. I'm glad I have read this thread and I have learnt something. Thank you for sharing your knowledge, not just to me but with everyone who'll read this. You've discussed it very well. You gave us enough information. Thanks op

it's been available for long time , even before bitcoin existed


yep that's true but since the example I gave was about Asianconnect I skipped that part cause Asianconnect has no fees ( at least for bitcoin not sure about other payment processors )


never saw anything about that to be honest , but I heard that Betisn isn't that good
heard that they void a lot of bets but didn't see anyone mentioning that they do limit players
the last thing I saw was about orbitexchange , someone said that they raised their fee for him from 3% to 6% on winnings and people on SBR were shocked since it's an exchange anyways

well I guess someone can always just change the broker if he got limited like this


betting options are pretty much the same across all the books , so Asian handicap has nothing to do with brokers 


that's true , but it's not offered by all the brokers so it's not a standard that's why I didn't mention it
I'm talking only about the basics to get general idea , some brokers do offer betting through Skype as well


they give you access to the books but they are the ones who handle the balance , so your relation isn't with the book directly but with the broker and all your transactions have to go through the broker

yeah I tried different ones , Asianconnect is really great and been in business for really long time so it's trusted ( sometimes they may ask for KYC tho )
There are tons of them I tried 5 or 6 as I remember 

Interesting topic, thanks for sharing. I know that brokers exist but not in the gambling area; this is entirely new to me. Or maybe calling them "brokers" is a term that I don't know that can be used to describe a particular site.

A broker would bet for you? Just like when there are traders or something like that, like in some movies. Does the broker collect all data from different sites? I guess they have a large balance on those different websites too.

Have you tried the mentioned brokers, OP? Whether it's Asianconnect or the other broker site that uses Bitcoin as the main currency, etc.?

Great post, definitely something worth reading for those first getting into gambling, since they can often be confused when they see brokers offering to do essentially what any bettor would usually do themselves.

You should also mention that some brokers are able to negotiate better odds, then capitalize on the difference between the site odds and bookie odds to turn a profit.

Despite the fact that I do gamble a lot, and very often (almost daily) I have never come across such a thing as Asian Brokers, probably because the country I come from is not restricted to any gambling site, however, sometimes kyc are necessarily required.

Mere looking at the thread's title I supposed you were going to talk about Asian betting options like the Asian Handicap, and Asian Overs/Unders.

Some brokers also charge some fees for deposit/withdrawal, where they are then able to make some bucks as well. And they have their own betting tools.


I know cases, where accounts actually got limited - mainly for people who bet and won a lot on low volume markets.

In recent times some bookmakers forced the brokers to take some % of the position on their customer bets as well. The asian sites do care if you are a winner or a loser (well, only if you're a winner to be precise ). So why don't they usually limit you ? Because you give them very valuable information. They just let you bet with high stakes - and they follow your bets with their own money elsewhere, while they adjust their lines.

The latest trick from the bookmakers is, to settle your account at 50%. That way, they get the same information for a lot less of sharp money.

Great article well done, since when and this service is available? Personally, the first time I hear about the presence of gambling brokers, I think that this profession earnings will be profitable.

3 years ago,I've been looking for sports betting websites to join and I stumbled upon some article explaining what are sports betting broker platforms and what's the difference between a normal sports betting site and a sports betting broker site.It was very complicated and I gave up.OP,your post explains everything way better so more people could easily understand the pros and cons of broker sites.

not necessarily tho , my country has no rules at all regarding online gambling but most of the gambling sites restrict access to my country
also for example it's legal to gamble in the UK but the site has to be regulated and licensed there , Pinnacle don't serve UK which means the only way to get pinnacle odds in the UK is through the brokers or using bitcoin sites

Honestly, I have no idea about this.

I can say I'm lucky enough that I can bet online direct to sportsbook, our government does not restrict us to gamble as crypto is not strictly regulated yet in our country. AFAIK, if sportsbook block you from accessing the site, that means it's illegal in your country to gamble online, so far, I can access freely.

haven't found a single arbitrage thro the broker since as I stated most of the brokers users are professional bettors and many people have bots for betting which means even if an arbitrage existed it won't last for over a second or so

but you can arbitrage between them and other bitcoin sites , of course you may end up losing or winning more since you will be betting BTC on one side and Euros on the other side

overall they are good for serious bettors cause prices are either the same as bitcoin bookies or better by few cents

It is first time I am hearing about brokers in gambling and you have explained it very well.I think this can be a great way for arbitrage betting may be as you can have a lot of websites to choose from for your betting lines.

it's lucrative only if it gets popular cause the commisions aren't that high since overall most Asian bookies have low margin
was thinking in the past about starting similar service for bitcoin sites where you only bet with bitcoins , but recently some bookies started asking for KYC also a lot of these bookies are limiting the winners which means it's impossible to start one for bitcoin sites ( unless it's only for pinnacle and SBO but it doesn't make sense to start a service just for these )

I never know that broker exist in the gambling world, especially in sports gambling.
Thanks for sharing, seems like it's a good business to operate, you don't only earn from referrals, you can also earn from extra juice. 

same interfaces that the bookies offer and to be honest Asian bookies look more complicated than the normal bookies that we know
some brokers also offer a service where you can access the odds from a single place , for example asianconnect will allow to create an account in their site that's called Asianodds
in Asianodds you will be able to scan all the odds offered by Asian bookies instead of checking each single one of them

here is a screen shot from asianodds for one of the selections




Overall it's harder for newbies to understand the lines of the Asian bookies , but it takes one day or so to get used to it