Asian Bookmaker
Agent System
Different Levels of Agents
Asian bookmakers have three levels of agents:
BET-IBC Super Master Agent
Only Super Master Agents may carry out financial transactions with the Asian bookmaker directly. In this direction, each agent may only create agent accounts of the next level in the agent hierarchy.
Super Master Agents can only create Master Agent accounts. Master Agents can only open Agent accounts and Agents may only create player accounts. However, every Super Master Agent also has a Master Agent account as well as an Agent account, so they may also create player accounts. Beyond all these facts, as a Super Master Agent, BET-IBC can help you become an Agent if you are interested in the earnings potential of sportsbook.
The earnings model for an agent system is as follows: the Asian bookmaker takes a commission on wagers and gives the ability to take up to a certain percentage of risk on bets to Super Master Agents. Of course, the Super Master Agent must make a “risk deposit” at the Asian betting office to guarantee the payment of winnings from bets. So, the Super Master Agent can then pass on a specific part of his commissions as well as the ability to assume risk on bets to his Master Agent and the Master Agent can do so for Agents.
Super Master Agents and Account Balances
Bookmakers only work directly with Super Master Agents. This means that Super Master Agents transfer a certain amount of money to sportsbook and receive that amount of money as an account balance. On the other hand, the Super Master Agent can then divide this balance among his Master Agents and they then divide their share among their Agents. At the end of the chain, agents can recruit players and issue them betting accounts.
The system may sound somewhat complicated, but it ensures that more than one person is responsible for the betting accounts of players. The entire pyramid of agents supports it. Therefore, the deposits and bet winnings of customers are guaranteed no matter what happens. And, if the last part of the chain – though also the most important – the player/sports bettor, decides he or she is not satisfied with his or her agent. The entire pyramid falls apart since this business depends on personal contact.
That’s the main reason why agents with poor reputations quickly find themselves out of a job, with no chance to return.