First step in online betting is to create some E-wallet account. More you have more it is better. One of the best are:

Moneybookers

Moneybookers is arguably the best E-wallet for the purposes of sports betting arbitrage. It is accepted by the majority of online sportsbooks as a method of deposit and withdrawal, often free from fees (determined by the bookmakers who choose to cover the fee for you or not). Membership is open to most places around the world, and they offer a referral incentive program.

Moneybookers offers a range of free methods of deposit for many specific countries, while credit card deposits into Moneybookers are charged a 1.9% fee. Withdrawal from Moneybookers to your bank account is typically charged a fee of €1.80, or €3.50 for a check. Transferring money between accounts invokes a 1% fee (up to €0.50) for the sender, while the recipient has no fee.

Moneybookers accepts membership from every country in the world, except countries listed by the OECD. Moneybookers accept every major currency, and most other common currencies.

Create your Moneybookers account here.