Funding and account creation

Now that you know the types of offers that are out there and how to make risk free profit from them, it is important to go over how to properly create, fund and withdrawal money from your sports gambling accounts.

Account creation

Creating a sportsbook account is relatively easy and can be done within minutes. You will need to provide your full name, address, last four of social, and an email. Some people may find this a little intrusive, but this is the only way for the sports gambling companies to verify your identity and age. The gaming industry is highly regulated, this is a necessary precaution.

I highly recommend that you create a new email just for your sportsbook accounts so you can all of your offers filtered to one place with out clogging up your inbox. Offers are constantly being sent out over email, and it is easy to loose track of them when they are being overshadowed by school or work stuff. By creating a new email all your offers will be in one place, and you will not miss them.

I have an email dedicated specifically for my sportsbook accounts that I check every couple days for new offers.

Funding Methods

Sportsbooks give the option to fund your account with a variety of methods. I personally like to just deposit using a debit card, but some banks will not allow to do this. If your bank does not let you deposit with your debit card I highly suggest creating a PayPal account and putting money into your pay pal cash balance.

Once your money is in your PayPal cash balance, it is likely to be able to be deposited anywhere. I personally have never had a sportsbook deny a deposit from my paypal cash.

You can also link your bank account to most books via trustly, I have done this as well and it makes for easy and quick withdrawl times. Play + and ACH preferred are available, but less common. Funding methods are really specific to the person and comfortability.

The above is a screenshot from Fanduel Sportsbook deposit page. As you can see they have 11 different deposit options! Things like "PayNearME", "Play+" and "wire transfer" should be avoided and add extra steps in the deposit process.

The only deposit methods you should use are Trustly, your Debit Card, or a Paypal account!

Withdrawing

Withdrawing your winnings is the best part about matched betting, but it is important that you withdrawal your winnings in the manner that works best for you.

I suggest connecting a bank account via “trustly” and withdrawal your money directly into that. This allows you to avoid any inaccurate tax documents and allows you the freedom to work with your accountant to figure out the best strategy for you. Withdrawing directly into your debit card is also an acceptable method.

One should always avoid withdrawing winnings into paypal because paypal can provide inaccurate tax forms that incorrectly state wins and losses. While it is necessary to pay taxes, the forms paypal provides make reporting actual net winnings much harder.