Matched betting?! Tell me more...

[ExpatMrs]

Just came across a good few MNers talking about it on another thread. I don't even know what it is but from the jist of the convo, there's good money to be made from having a couple of hours a day to do it... I have those hours!!
Can anyone enlighten me please?

Kermit Ive just started and have so far put £80 into betfair and £35 split between 4 bookies. I have been having to wait for bets to be settled before doing other ones but only by £10-£20 or so. I think the £100 would be enough to let you get on with a few bets at once and get a good start.

MB'ing triggers the same chemical reactions in the brain as gambling and the sites are deliberately designed to draw clients into activities which are gambling. The problem here is exposure given that a percentage of the population is pre-disposed to develop problems with gambling. If you've never been exposed to a gambling environment you can't know if you're one of them. MB'ing is a gateway product.

I might be nitpicking here but matched betting is emphatically not gambling if done properly and correctly. I think it's important to make that distinction. It's not massively minimising the odds, it's taking advantage of maths to remove the possibility of losing. I agree that the casino and bingo offers differ in that, though. It's not true matched betting.

However, I completely agree with the rest of what's been said recently; it absolutely can lead to problems for people, so thank you to the posters who talked about it and posted links. It isn't for anyone who has had gambling problems. Most of the guides on sites likes Profit Accumulator emphasise that.

Think I'm going to give this a go. Joining odds monkey tonight and spending the bank holiday learning what to do

Ok I've done it. Following oddsmonkey tutorials and I am up to using my free bets at coral but don't have enough to cover liability for any of the football matches. So will wait until tomorrow and have another look before deciding if I want to put in more to the kitty in betfair. Excited to be on my journey to more money!

How often do reload offers get sent out?

Just wondering how much is going to be around after the initial sign up offers are done?

What do I do when the bookie bet wins and money is in that account rather than betfair? Do I withdraw the majority but leave a minimal about for a mug bet?

Had two small bets on the football tonight. Anderlecht v Man U lost at Coral but won at Betfair. That was one of my free bets too.

Lyon v Besiktas won at Coral and lost on Betfair.

I started out today with £10 in each pot and have finished with £12.22 at Coral and £12.55 at Betfair. £4.77 up for a couple of minutes' work and if I count my £15 of free bets I've got left I've nearly doubled my £20 float!

For those who make loads from this - how?? How do you avoid being gubbed? Just reading on Oddsmonkey and seemingly the more you make the more likely you are to get gubbed. It would seem 100 a month is realistic and reasonably doable?

I'm very confused, must get over to oddsmonkey

Hi all I've been watching this thread... I joined Oddsmonkey tonight too... ahhh I'm scared. I'm in the ROI so hoping I can avail of a good few of the offers

I can see how these companies suck people in. I "lost" all my bets with one, and they've just sent me another free bet offer!

Calm - you do reload offers. Horse refunds and ACCAs mainly for me. £100 a month easy.

Following

Heavenly what are reloads, horse offers and ACCA's?

All these terms are a foreign language to me.

Also, how often do you shift winnings back into your bank account?

Ok I have a question too. So I'm trying to think the best may to lodge and withdraw money (I've an Irish bank a/c) so I'm guessing Paypal would probably be handiest. Is it? Do all bookmakers use it? Any advice

no - often you don't get the offers if deposting with paypal. I use skrill for my money once the offers are done.

I'm confused about gubbing.

I've read people saying they've been gubbed very quickly - even though they've been careful to do plenty of mug bets and appear like a normal punter.

And yet some people have been doing it for years and don't get gubbed!

How likely is it really?

I'm also confused calm.

Ive just used one of my £5 free bets to put on the plymouth/portsmouth match being a draw, I think I've made a mistake as if they draw I'll get £15 from coral but will have to pay out £16 on bet fair. Have i done something wrong? The odds were 4 and 4.2, is that not matched enough?

Something has gone wrong there, Dangerous Mouse.

I stuck it in the Oddsmonkey calculator (selecting free bet, stake not returned at the top). This is what you should get.

Ok, simple checks.

1. Have you definitely bet and laid off the same match?
2. Have you backed in both Coral and Betfair by mistake instead of laying off?
3. Are your stakes correct? Have you accidentally used your balance instead of a free bet, or accidentally staked a wrong amount in Betfair?

It's not the end of the world as it's a pound loss, but we'll try to figure out what's happened. Learning opportunity! ;-) I messed up one of my free bets in the beginning and was so furious with myself but better to mess up in the beginning than later on.

Another thing to check - have you bet/laid off on the same market? The match might be the same, but have you done one as a draw and one as something else, like over 2.5 goals?

Re getting gubbed there seems to be lots of theories about it, one Ive not seen mentioned but suspect is using site links to go direct to a filled betting slip.

Sites can see how you use them (entry page, other pages visited and in what order), I'd guess they can probably do some analysis on this, and Id guess that if you always enter the site through a pre-filled betting slip, and never visit any other pages it may be a bit of a flag. Just a theory though, and may well be completely wrong.

That's interesting... 👍🏻