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Matched betting

7 replies

Unshriven · 26/11/2019 12:09

I've seen so many posts about this, but I have a question.

How early can you access your profit?

If I were to read up on it, and place a bet/lay on December 1st for examples, when would any actual money appear in the bank?

Is it all through third party accounts who 'hold' it?

OP posts:
Fluffycloudland77 · 26/11/2019 13:11

Well you can withdraw winnings straightaway.

HilaryBriss · 26/11/2019 13:18

Best to leave your profit to accumulate a bit before withdrawing. The more you have available in your exchange, the more offers you can complete at the same time and the higher the odds you can take (as you will have more money to cover the increased liability).

HilaryBriss · 26/11/2019 13:21

Im not sure what you mean by 3rd party accounts though. If you back a horse will Coral and lay it with Betfair, your money will go back into one of these, depending on whether the horse won or lost. You can then transfer it back to your bank account whenever you want.

Keepthebloodynoisedown · 26/11/2019 13:24

Money may take a couple of days to show up in your bank but you can withdraw it straight away.
Would massively recommend odds monkey if your not sure how it works and you want to get started. Explain really simply and they have step by step guides for some deals.

TheLittleBrownFox · 26/11/2019 13:26

I back and lay horse on the 2pm race, and wait for the results of that race. I could spend my free bet on the 3pm race and wait for that to settle. All the money I've used to back or lay ends up in either the bookie or the exchange account. I withdraw from those whenever I like, which means the money will be back IB my bank account within 5-7 days max (mostly much quicker, same day or up to 3 days).

Fluffycloudland77 · 26/11/2019 13:28

www.oddsmonkey.com/raflp.aspx?raf=tmVRgt

My referral link.

teabagleftin · 26/11/2019 14:09

Have a look at the video on Profit Accumulator that explains it here or the long running thread in money here

(First link is an affiliate)

You can access your money in as long as it takes for the bookmaker or exchange to transfer it back to your account. The only hold up could be if you need to verify your account.

Some bigger bookmakers are pretty much instant or next day, some smaller ones may take 3-5 days.

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