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Original poster

Can you really make significant money from matched betting? how?

118 replies

SinittasDancers · 15/09/2019 12:04

I've seen a lot of people talking about matched betting as a way to make easy money so I've signed up to profit accumulator. Just waiting for my first free bet to settle, I think I stand to make about £20 profit. Scrolling down the other free bet offers, the profits available are pretty negligible - nothing over £100 and mostly £20 or less. People on here talk about making thousands on matched betting but I don't see how, unless you plough all your winnings back into bets, in which case you only make money when you decide to stop, presumably? As that's when you take all your winnings out? Is that right? I thought it was an ongoing way of making money that you could actually spend rather than just using as the stake for your next matched bet.

OP posts:
Montydoo · 17/09/2019 11:33

@64sNewName - I will read up on the rules - they sound complex but potentially worth it

64sNewName · 17/09/2019 11:36

I really recommend Profit Accumulator Monty, if you’re interested - even if only for the free trial (and I don’t work for them, or do the thing where I give people my link to sign up or anything!). I just think their videos are a good clear gentle hand-hold into the whole thing.

DontFeedTheCatCake · 17/09/2019 11:41

DH makes around 12k a year. One of the problems he has is that he gets blocked by the bookmakers once he starts doing well, and has to make a new ID.

crustycrab · 17/09/2019 15:30

And is it wise to withdraw winnings from the bookies regularly? I assume if they close your account they don't pay you your winnings?

EmeraldShamrock · 17/09/2019 15:34

I worked for a large betting company Still gives me nightmares
People talk of making money, you can eventually but it takes lots of time and effort placing the different bets, waiting on the result it is tedious, I saw match betters become betters many times, before they know it they are hooked and broke.

crustycrab · 17/09/2019 15:38

Why would you wait on the result? If it doesn't matter what that result is?

I know I could be missing something here but surely you just keep a track of offers you've god and use an oddschecker?

EmeraldShamrock · 17/09/2019 15:39

I found that fact the betting companies are allowed to block good betters or put them on a reserve account shocking.
They ask to place €10 been told sorry you can only stake 50cent.
The whole business is designed to suck the unlucky in.
The large stakers had a VIP service, they thought it was wonderful, they were only VIP as they lost tons of money making the company profit.

EmeraldShamrock · 17/09/2019 15:40

Why would you wait on the result? If it doesn't matter what that result is?
People become obsessive about their account building up when match betting.

crustycrab · 17/09/2019 15:47

Yes I suppose that makes sense.

titchy · 17/09/2019 16:24

People become obsessive about their account building up when match betting.

Still doesn't make sense. Your account profit builds regardless of the result - in fact it's better if you lose at the bookie.

Matched bettors very rarely get VIP status sorry. The reload offers aren't enough to warrant spending ££££ each week.

Sounds like you had genuine punters with a problem - which there are many sadly and the bookies don't want to recognise quickly enough.

baldpate · 17/09/2019 17:46

It isn’t tedious, place bet forget, check exchange to see where the money went. The only ones I check are 2up but an app notifies me when someone scores so I’m
Not constantly checking. I’ve put £££££through some bookies and still not made vip, not bothered tbh but it’s certainly not time consuming

Relationshipsajoke · 17/09/2019 17:53

That’s the only flaw - you have to have the willpower to not get sucked in chasing bigger winnings!

Like I said, the other day I messed up, if I’d left the fuck up, I’d have won £160 extra, so there’s a little devil in my head now sometimes telling me to not match the bet, it’s just a free bet, take the risk, you might win blah blah, although it’s still not my money I’m risking, it’s a slippery slope and the point is to consistently make at least £8 cash from every £10 bet and it builds up over time. As long as you never get sucked in, you’re never actually gambling. There’s never a risk because you win whatever the result and you are relying on the free bets offered to you.

cheesesoftheworld · 17/09/2019 18:28

emerald why as a bookie were you taking their money if you knew they were match betters. If a high street bookies knows for a fact someone is an mb'er they are barred from placing bets in store: just as they get gubbed online.
Your post is confusing me.
Putting on a back and a lay bet takes literally 10 seconds. No mb'er I know waits on results? That makes no sense.
You see your bank increasing without the need to see who won what match / race etc.

happinessischocolate · 17/09/2019 19:53

Like I said, the other day I messed up, if I’d left the fuck up, I’d have won £160 extra, so there’s a little devil in my head now sometimes telling me to not match the bet, it’s just a free bet, take the risk, you might win blah blah, although it’s still not my money I’m risking, it’s a slippery slope and the point is to consistently make at least £8 cash from every £10 bet and it builds up over time.

I thought exactly like this and wasted a few free bets by not matching them and just treating them as a cost free bet. They lost fortunately, so I quickly realised that although I hadn't lost any money, I lost the time it took to place the qualifying bets/lays and I lost the opportunity to make a few quid. And they remained on my spreadsheet as a reminder to follow the rules 😁

crustycrab · 17/09/2019 20:50

Well, I've read and watched some tutorials.

Placed my first bet. Think I've done it right but I can't concentrate anymore so we will see

Rosegoldmum · 17/09/2019 21:19

I find this really interesting, but am struggling to get the basics I think. Could someone who’s clever please explain to me. Say there’s a football match surely you have to bet on win/lose and draw?

baldpate · 17/09/2019 21:23

If it was a football
Match you’d bet on for example Man U to win then at the exchange you’d lay the bet - or in simple terms bet against Man U which covers the draw and the other team winning. There’s a video on the profit accumulator website that explains it

titchy · 17/09/2019 21:30

Say there’s a football match surely you have to bet on win/lose and draw?

No. Win at the bookies. Not win at the exchange - not win covers both draw and lose.

issano · 17/09/2019 21:45

The videos on team profit really help you get your head around it Smile

crustycrab · 17/09/2019 21:47

I've watched profit accumulator and odds monkey tutorials. Couple of hours at most and I get it. I hope!

Rosegoldmum · 17/09/2019 21:58

Thank you. It’s just the sites I have betted on previously only offer win, lose or draw scenario. But I see what your saying if you can bet on a win or a not win this covers all situations. I haven’t tried match betting, but seems like you can’t lose if you get it right. I’ll just have to try to get it right. Off I go to profit accumulator website - thanks for the advice

73kittycat73 · 17/09/2019 22:02

Ok, I joined profit accumulator and kind of followed the instructions. I didn't quite get what I was doing, but I have used my free bets at coral, and placed bets at Betfair. The match is tomorrow so will report back then!

titchy · 17/09/2019 22:04

Bookies only offer win/lose/draw (as outcomes anyway - they offer a zillion others too!), exchanges offer not win (and not draw and not lose) -all the common bookie bets you can find, one of the exchange will have the reverse outcome.

Relationshipsajoke · 18/09/2019 20:02

@Rosegoldmum that’s exactly the point, if you follow the instructions you can’t lose. It’s risk free. It’s not gambling.

In other news after my earlier set back I did the same fucking thing today! Lay odds changed drastically as I went to place them so I didn’t bother laying, thought to myself “ah fuck it it’s just a free bet no big deal, let it run” last minute I thought, no, no sort out the lay! Fix it! So I did....and yep you guessed, god damn horse won so basically if I’d left two bets alone this week rather than fixing them I’d be £370 up. I want to cry. It’s driving me insane. But THAT is gambling and this feeling that I’m feeling now is what you want to avoid because I can see exactly how you would get drawn in trying to chase it! I’m just telling myself that I would never have just put on a random bet like that on purpose but it’s painful, it really could have put me at such a good head start when I’m going through a shitty time!

Still, hey ho, just over a week into the matched betting game and I’ve made over £100 profit so that’s a positive she says through gritted teeth

crustycrab · 19/09/2019 08:13

@Relationshipsajoke you need to stop checking the outcome. You don't need to know and for this purpose it's irrelevant. Because you are not gambling.

Maybe try football? The odds don't seem to move about quite so fast. And just check your balance at the end of the day