What is the best way to transfer funds between books?

quantumleap · Sep 1, 2006

I went to transfer money from one book to another using Neteller and it said it could take a couple days. I had only done this once before and didn't remember that time frame. I thought it was instantaneous. Did I read the instructions wrong?

Also, I believe the transfer constitutes a withdrawal at the book you are taking money out of. Some books only allow so much taken out per month. Does this become a problem when arbing?

TIA.

sean1 · Sep 1, 2006

Who is it? A sportsbook? Neteller? A random boogie man against arbing?

-Sean

quantumleap · Sep 2, 2006

sean1 said:
Who is it? A sportsbook? Neteller? A random boogie man against arbing?

-Sean

I went to the Neteller site and clicked on the Transfer tab then I clicked on Peer-to-Peer transfers. It says EFT deposits can take up to 5 days. Now I click on "Make a Peer-to-Peer transfer now" and it takes me to the withdrawal tab and says there's a $20 minimum Neteller withdrawal charge.

:WTF:

Isn't there an easier way to transfer from book to book?

quantumleap · Sep 2, 2006

OK, here's what I did wrong. I clicked on "Transfer to Neteller Members". I should have clicked on "Transfer to Neteller Merchants". Then it asks for the merchant number.

I believe there is a post listing the merchant number of all the books. I'll try that.

MrJ · Sep 2, 2006

Why not just withdraw from the sportsbook website (unless it is one of the few that require you to do it through the neteller site)?

quantumleap · Sep 2, 2006

Mr J said:
Why not just withdraw from the sportsbook website (unless it is one of the few that require you to do it through the neteller site)?

I thought of that too Mr J, except that you have to withdraw and then deposit in the new one. I thought transferring between books would do everything in 1 operation instead of 2.

fathead · Sep 2, 2006

quantumleap said:
I thought of that too Mr J, except that you have to withdraw and then deposit in the new one. I thought transferring between books would do everything in 1 operation instead of 2.

As far as I know you can't do that.

You have to withdraw from book one and then once that amount shows up in your Neteller balance you can then deposit to book two.

fathead · Sep 2, 2006

Some books do allow book to book transfers, but this does not involve Neteller.

quantumleap · Sep 2, 2006

fathead said:
As far as I know you can't do that.

You have to withdraw from book one and then once that amount shows up in your Neteller balance you can then deposit to book two.

Thanks for clearing that up.

I guess the main thing when arbing is to have enough in each book so that you don't have to transfer. The work involved (at first anyway) seems to be more effort than it's worth. If I have to go through withdrawing through Neteller and then depositing through Neteller to make $13 it seems a bit much.

I guess once you have it down it only takes less than 5 minutes and why not do it for the $13? Unless there are penalties for doing it too much.

sean1 · Sep 2, 2006

Unless you have a significant bankroll (Enough to keep money at most books) pure arbing is a waste of time.

Instead concentrate on good lines and bonuses.

You can transfer from book to neteller - some books in 1 minute, others in a week... That is book dependent. Money is avail as soon as the book sends it..

You can bank wire to neteller and your money will be there before you get home...

-Sean