Euro's or Pounds
Quite a few of the offers I am signing up for at the moment seem to offer their bonuses in Euro's. I am depositing straight from my account using a debit card so far I have been able to manage to select GBP accounts so haven't considered it to be a problem, but is it?
Two ways of thinking about this really firstly what sites are we talking about the reason i ask is say Interwetten already fix an exchange rate so say a €100 bonus is actual worth £66 where in fact it is closer to £90. That is one thing to bear in mind.
I would say if there is an option for GBP take it as you are shielded from currency fluctutations, it is the best time to sign up to € bookies as there bonus as long as they don't offer a GBP alernative are worth far more than they used to.
Its not really, you just pay a few % in fees and exchange rate spreads, its not a problem though it just means your overall profit will be a bit less.
Originally Posted by Tel
If you are getting anything over a 10% bonus it will still be +EV to do no matter what the exchange fees are they wont be that much. If the bonus is under 10% and in Euros it might not be so worth it, for example i wouldnt do betlads or the douzen or so clones for a 10% cash EURO bonus but i would do if they were available in £s, but they are not.
For 50% to 100% bonuses i wouldnt think twice about not depositing because it is going to be in Euros. You can set up a new betfair account in Euros and use that to lay OR just use your £s betfair account but each bet work out how much X Euros is in £s first.
Have a plan and stick to it
If you're depositing straight from your account using a debit card, your best bet is to open a Nationwide current account.
They don't charge any exchange fees, either transparently in the form of a surcharge or sneakily by using skewed exchange rates, so if you deposit from here you're never going to get stung, regardless of currency.
Some bookies (Intertops is one example) take your deposit in their preferred currency, regardless of which currency you are operating your account in. So when I deposited £200 quid from a non-Nationwide debit card, the transaction hit my account as a USD transaction and the kind bankers charged me about £15 in fees.
Thanks guys. That Nationwide info is good, certainly worth considering in future.