2-1 corresponds to an implied probability of 1⁄3 (33 1⁄3%) 5-1 corresponds to an implied probability of 1⁄6 (16 2⁄3%) By adding the percentages together a total 'book' of 100% is achieved (representing a fair book). The bookmaker, in his wish to avail himself of a profit, will invariably reduce these odds. Quick step by step guide. To sign up for a Betfred account, follow this linkto their homepage. Click the green “Claim Now” button and this will allow to register your and claim the bet £10, get £30 in free bets. Fill in the registration form with the correct information. Once you have signed up to an online bookmaker you will need to know how to set up a betting account. This is to make the user interface work for you and provide the best user experience possible. If you haven’t already signed for a betting account yet, please visit this guide on opening a betting account. Having your online betting account set up to work for you is extremely important especially if you are in-play betting.

1. Prospective bookmakers should also bear in mind that over and above the setting-up costs they'll need to buy a pitch. These days that can be done through the auction pages on the AGT website, but the better the pitch the higher the cost.
2. I recommend setting up a dedicated matched betting email address to use when signing up to bookmakers and exchanges. Alternatively, setting up a filter in your email provider so that all emails from bookmaker email addresses go to a particular folder. Here are the instructions on Gmail, Hotmail and Yahoo. This helps to keep all the bookmaker offers you receive in one inbox (or one folder) and reduces the chance of missing an offer because it gets clogged up.

How to set up a betting account

Once you have signed up to a bookmaker you will need to set up your betting account.

How you set up your betting account will vary on how you like your odds displayed, ie fractional/decimal or American.

You can also pick your favourite betting markets with your favourite sports. This will make it easier and quicker to place a bet.

Set Up Bookmarks Toolbar

Whilst setting up your bettign account you will need to set up your payment method which will also be the method you can withdraw money.

How Much Money Do You Need To Start A Bookmakers

Setting up your marketing preferences is important as you may want to receive emails with the latest offers from the bookie.

Can I open online accounts at other bookmakers

You are permitted to open accounts at other bookmakers, however you can only have one account at each site. Don't feel tempted to sign up for the bonus twice as your account may get suspended.

Is it easy to open a betting account?

Set Up Bookmarks Internet Explorer

Opening a betting account is extremely simple to do and can be done in less than 5 minutes. You will need to verify your account so make sure you have your id documents handy.

Do I need a seperate account for mobile betting?

How To Start An Online Bookmakers

You do not need to have a seperate betting account for placing a bet on the mobile website or the app.