I received this PM, and since my guess is that not everyone understands this concept, I thought I would go ahead and do a post about it in here.
I have done this several times between several different books, and it's one of the smartest things they could have done post the US use of neteller.I was reading in your thread about the book-to-book transfers. I have an account at 5d and Bookmaker, but only funded my 5d account as I was gonna try to keep all of my $$$ in one place, however, I didn't know any sportsbook would condone a client transferring money to another book from their book... just doesnt make sense as greedy as those bastards are, but I have more than doubled my bankroll and am pretty interested in moving some to BM without having to withdraw, and redeposit into another book. How do I go about transferring funds from 5dimes to BookMaker? Any help would be greatly appreciated, keep up the good work man, and good luck this weekend!
Let's say I have $5000 in 5dimes, and I have $200 in Bookmaker and my unit size is $500. If I want to bet Akron ML, and the lines are Akron +425 at 5dimes and Akron +475 at Bookmaker, then obviously I'm better off moving some of my money to Bookmaker. I get 50 cents more per dollar I wager. Assuming Akron wins, that means $250 more value for my wager. $250 is a lot of money, so this is a valuable thing to do.
Here's how it works. I go to 5dimes.com and sign into my account. I then open their live-help window and start the conversation over that IM service they all seem to use. I tell the helpful customer service chyk that I want to transfer some amount from my 5dimes account to my bookmaker account.
Now, 5dimes has a minimum transfer amount of $1000 for book-to-book transfers. Since my unit size is $500, it makes more sense to transfer $1300 than $1000...that way I'll have the option of making 3 different ML wagers at bookmaker.
So I give the Customer Service Chyk my account number (they usually ask for the password too), and then I give her my account number at bookmaker, and I tell her I would like $1200 transferred. I can only guess that the transferring book contacts the receiving book and tells them how much and for what account. In this case, the transfer happened inside 5 minutes.
at 5dimes, a sportsbook transfer is free, it must be at least $1000. You must contact their live help and make sure the sportsbook you want to transfer to is one that participates in this with them.
at bookmaker, I have been charged a fee in the past for an outgoing transfer. I don't care about that as the amount I make by getting the best line FAR outweighs the fees. If you are a $10 bettor, then this may not be a reasonable option for you.
at Matchbook, you can transfer less, and I've never been charged a fee for it. Matchbook does this with WSEX (related to MB), pinny, olympic(thegreek), 5dimes, mansion, tradesports(including TradebetX), and BetCris (Bookmaker, BetMaker, and BigonSports).
and MB provides a list of email addresses to use.To transfer funds, simply send an e-mail addressed to both Matchbook and the partnering book. You must include the following information: your name, your username at both books, and the amount you wish to transfer.
other books will, of course, have their own procedures. Best thing to do if you want to do a book to book transfer (aka sportsbook transfer aka interbook transfer) is to get on live help or the phone with the book you want to transfer -from-. They will help you.