Matched Betting

[RortyCrankle]

I've started this the absence of anyone else starting a thread on the subject and since the Chat thread will disappear in a month. Hope you think it's in the right place.

I'm still dithering which is annoying me. I've made a new e-mail - hope to get bank account this week. I keep looking at the different websites like Bonus Bagging and Profit Accumulator etc and can't decide between them. Put off by what Tawny said about Profit Maximiser and don't trust myself to do it without help so going for Bonus Bagging, i think.

Hello everyone,

I have been doing matched betting for quite a while and I found quite a few websites where they explain how to match bet quite detailed.

It doesn't cost anything so I thought I would share them with you just in case anyone needs any help.

The simple match bets can be all done in less than a month (introductory offers), but there are some advanced ones which I do not understand myself yet. They require you to have thousands of pounds in a float in order to compete there. And one mistake will erase all the profits for the month or two.

Here they are, hopefully, at least some will be useful to you:

www.arbing.co.uk/matched-betting/
www.savethestudent.org/make-money/what-is-matched-betting.html
slummysinglemummy.com/2015/09/09/earn-up-to-1000-tax-free-every-month-with-matched-betting/
www.undergroundhogs.com/money/earn/matched-betting-review/
emmadrew.info/a-year-matched-betting/

Please let me know if any of them seem to be not helpful and I will remove them.

It kind'a strange of course, when people say they constantly earn 1500 a month, but maybe that's possible. I just don't see a possibility to do that with just 2 hours every day. Some of the offers require you to stay all day in front of the screen.

Thanks.

Hi everyone

Newbie here! Just placed my first transaction and I'm crapping myself so can someone reassure me please?

Bet £10 on Betfred on a horse in tomorrow's racing at odds of 17 (to qualify for £30 free bet).

Also bet £10 on the lay at Betfair Exchange but had to deposit £155 which is why I'm getting twitchy!!

What the hell happens next? Do I just sit tight til tomorrow?

And why is getting the free bets so important? If there's no way of losing why not just use 'real' money?

Help! Getting nervous but really want this to work!!

Following as I'm still not sure yet.

Fronrow that was far too long odds for a qualifying bet - next time when you use your own money do odds of 2.0 or so and make sure the odds at the exchange are very very similar - your exchange liability will be much lower and you'll lose pennies. At 17.0 you must stand to lose a pound or so.

The reason it work is that you don't use your own money - you use free money. That free money either turns into real money at the bookies, less however much you lost at the exchange, or real money at the exchange. If you use your own money you lose either at the bookies or the exchange and that loss should be more or less equal to your gain, so zero overall.

Oh bloody hell. Can't believe I've cocked up alteady

Thank you Titchy - that makes sense. I shall persevere.

I've gone for it. Qualifying bet placed and used my free 20 bets.

Was a teeny bit scary.

Don't worry, it's always a bit scary at the start. But once you get used to it, it's great. However, there are plenty of potential win offers and they are great in a long term, but... don't expect to learn everything in a few hours. It takes days of learning to get a hang of it. And to do 1500gbp a month, it should be your mainstream income, because most of the offers are live or acca, which means you have to stay in front of the computer all the time. It doesn't mean you will bet all the time, but you have to be there for the next bet. So if you are working a full-time job, there is a little to no chance of getting those done.

But keep going, you can get about 200-500gbp done a month if you do 2 hours a day, once you learnt everything.

So if you back and lay a draw, you can't lose? Obviously if you back and lay a win, a draw means you can potentially lose on both? Why would you bet on anything other than a draw?

Cakie - no. Laying a bet means you accept someone else's back bet on that event. So if you back Man U to win at Ladbrokes, and lay the win at Betfair exchange, if they win you gain at Ladbrokes but lose at Betfair. If they lose or draw, you lose at Ladbrokes but win at Betfair.

There's a newer MB thread on Money Matters if you want to join! Do the free OddsMonkey trial though, it explains backing and laying really clearly.

Ok thanks will have a look - I must have done it wrong then as I followed the student guide but lost on both! Only starred with a fiver to try and understand how it works - just as well! Best join the other thread :-)

Hi all, I’m new here but just wanted to weigh in on the conversation. I’ve been doing matched betting for a few months, and there are loads of resources out there that walk you through the process. I’ve made about £3000 in total. As people have said, it’s risk-free but fiddly business. I recommend beginners take a look at this step by step guide to get to grips with the terminology: onsideview.com/gambling/matched-betting/the-ultimate-step-by-step-guide-to-matched-betting