Legal or not and tax or not - exchange clones and brokers

[Patrik Mellqvist]

Hello, I want to talk about this for one reason.
I will soon start compounding and scaling up because I have an estimation and risk mitigation mindset with calculated diversification in all my actions and decision-making processes.
For me is not a question of if - I execute and with BTC backup and this topic I will do very well.

Now I still practice with my in-play exchange simulation software to tackle different trading angles with my core method ASP and will soon be ready for real execution aside from that I have large confidence in some Set & Forget strategies.
So I think I have a modest goal to get me started with £2000 where half on Smarket and half on Betfair.

Now to the point.

Some markets are low liquidity with certain methods and is fine to stake £10 in all those situations.
Not all but it happens on a regular basis and reckon that £80 stakes or above will cause some issues in some markets and some leagues with some strategies.

So I thought about using several different options for diversification money-wise and not testing or challenging the limits in different markets.
So how about instead of staking £80 on one low liquidity market use several exchanges and make £10 on each as a stake - then each exchange stands by itself with its own turnaround of money in that particular market.
So my idea is to make a spread of small stakes on different exchanges and in that way get an overall higher stake without getting limited of the liquidity in that particular market.

So I have access to Smarkets and Betfair and I have access to Matchbook and Betdaq if I use this site.

Real Account Broker
https://www.acc-ex.com/

Then I need to use a VPN with the given instructions - test this site for one month just to see how it works.
They charge a £50 fee each month for each service.

Now I have some vague claims - but look at the source with a critical perspective.
One member of this site used ARB and Sure Bets and got his account looked at by the sportsbook that the site offered him to use and then he claimed that is the site's fault that he did not receive or get his money back and unlocked it by the sportsbook.
So it's obvious that when you use ARB and Sure Bets you ask for trouble and don't get help, nothing new about that.

So this is not a reason not to trust the broker's site as one forum member thought and believed was a reason why not use them.
Another argument is that they would not be able to run business as usual if they scam all customers.

I have one person who also made the claim that they can not be trusted and I will get to the bottom of that claim and ask him to prove hes point after that I will decide if I am going to use their service again.
So now I ask here if anyone got crossroads with this broker.

The risk mitigation and execution estimation is that at certain levels you will be better off paying a fee of £50 and then a 30% tax to the government using Betfair Clone using a broker.
Also, they will register your earnings as income when the other option is anonym.

One thought error I made was to consider using several different Betfair Clones Brokers.
But then I end up in the same market with the same turnaround of money.
So the solution would be pointless to place many £10 stakes at different accounts as they use the same Betfair Clone and same market - so it would be the same as making £80 stake at one of them.

So I considering the following setup when reaching close to a monthly salary.

Betfair Clone with Broker and pay 30% tax
Betfair Broker for Matchbook and Betdaq and pay £100 Fee
Smarkets and Betfair with taxfree money

Now here is another valid and good point about finding the reason for this setup.
Let's say I want or find one good selection on average each day for the ASP.
Then there is no reason to use or trade less accurate or less good selections to build up larger amount of action and trades.
So you go for quality trades and not quantity trades.
So when I have one good selection I can copy that one into several exchanges and execute.
So with that implicitly I get both quality and quantity with top-notch performance.

Suggestions, critics, or guides into other directions if you think this set-up is the wrong way to go.

@Ryan
@Adam
@Martin

[Patrik Mellqvist]

Thanks @Adam you are right in your perspective - I will skip that broker option.
I know 5-Dime EU allow winners and the same with Pinnacle so I will add them with Smarkets/Betfair.
Options with backing will work when not using laying options.

Cheers

[Adam]

@Patrik-Mellqvist Firstly, to me, that Acc-Ex site looks fairly dodgy and I'd be quite wary of committing any funds with them. You're right that you can't always trust the bad reviews, but even if their intentions are good, what they're doing is obviously massively against the terms of any betting site (possibly even some kind of identity fraud from a legal perspective?), so they could be shut down at any time and what happens to your funds at that point?

I don't know if I'm missing something but why do you need them anyway? It sounds like you're only betting on the exchanges so they're not going to limit you in any way for winning.

Are you just trying to avoid premium charge down the line? If so, I can say with certainty that spreading the same bets across multiple accounts will be picked up instantly by their detection system and like you say, you'll still end up with big bets sat in the market.

I think the 2 best options for the situation you've described would be to spread the bets across multiple exchanges (you could even weight the Betfair portion lower if you want to stave off premium charges for as long as possible), or to drip-feed them in smaller amounts gradually into the market if you do just use one exchange.