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?

I'd be up for some Facebook action, it'd be easier to keep track of.. I've got my qualifier on today for Betfred, then I'll have to see how much I'd need to lay for the free bets, but hopefully can get them set up for this evening.

I did just make £38 profit on a qualifier bet as I won at the bookie and they matched to the best odds before the match which made it much better than betfair. May even that is what happened.

Sooo if I have £2 quid left at betfair but £104 tied up until Monday...should I put more into my betfair account to be able to use my next £20 free bet or should I wait for Mondays money to come back in and then do my free bet?

Shouldn't we always hope to win at bookies as that's where you will make more profit?

Whiskey
When does your £20 free bet expire?

I think its valid for 7 days. It's either 3 or 7 hang on I'll check.

7 days and was applied yesterday

Shouldn't we always hope to win at bookies as that's where you will make more profit?
No. The process is designed to make the same amount of profit whether you win your back bet at the bookies or the lay bet at the exchange.

The calculator identifies the values at which:

winnings at bookie - liability lost at exchange (if your back bet wins) = stake won at exchange (if your back bet loses)

Ah ok. Thanks for confirming.

Facebook is a brilliant idea Maid.

I'd be up for FB.

Argh so I just put another 100 to betfair so I could use my 20 fb but on betfair it's currently sitting at partially matched. :s

I'd be so up for a secret/closed Facebook group...

Oh i refreshed and see it is all matched now. It's weird. Split into 5 lay bets

I haven't received any free bets yet... waiting on coral and William hill, I joined pp but don't think I clicked on the free bet link.....

Forgot to say I got it for back bet @6.5 vs lay bet of 5.5 so stand to make £19.83 :)

Eden my coral one appeared immediately after placing first bet.

My first qualifying bet results are due to come in the next hour so will email them about it. I'm raging and am freaking out that somehow I'll get none of the qualifying bets (I'm in Ireland but the terms had uk and Ireland)

** free bets not qualifying bets

Most sites have a live chat you can use.

Eden I don't know about william hill, but my coral bets were instant as soon as I placed qualifying bet.

Did you definitely use the right odds in your qualifying bet?

I am just about keeping up on here! DH has mostly taken over with it all though as he seems to have a much better understanding of it. Have only made about £30 profit so far but we don't have much spare cash to use as a liability so it's going to take a while to build up.
I'd be up for a FB group,much easier to keep up!

there is a good FB group about MB - I will put the link here. It isn't my group btw.

www.facebook.com/groups/matchedbettingsupportgroup/

Is it the one using PA?

It won't let me use the link.