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Original poster

Matched betting?! Tell me more...

999 replies

ExpatMrs · 08/04/2017 15:59

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?

OP posts:
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8
LettuceMash · 09/04/2017 09:46

I've just read through profit accumulator and it sounds really confusing and I don't get it.

Lay bets, using a calculator and then what actual bet do you put on?! To win, lose or draw? I'm lost already.

MissFitton · 09/04/2017 09:48

Another one coming to this off the back of the other thread!

Question though - if you're suddenly winning earning X thousand pounds a year through this how does that impact on tax credits? I realise that for tax purposes it's classed as 'winnings' but I wouldn't want to a) inadvertently commit benefit fraud or b) find that I need to come out of tax credits (which in itself is welcome) but then get to the end of being able to make up the shortfall through MB.

I'm self employed so can find the time to spend on this. I just don't want to fuck up everything else!

monkeyfacegrace · 09/04/2017 09:49

mrs that's why I don't leave my bookie accounts in credit. I withdraw as soon as possible, and keep it all in my betfair exchange. It's a very very small risk. I usually only have max £200 at the bookies, and it's your lay bets on the echange that have the huge liability. Bookie bets shouldn't ever be that high.

monkeyfacegrace · 09/04/2017 09:51

There is NOTHING anyone can do about your winnings. It DOES NOT affect ANY sort of benefit whatsoever.

monkeyfacegrace · 09/04/2017 09:53

It's morally wrong, that's all. We are ripping off bookmakers. If you can leave your morals at the door then you're good to go.

It's not in any way, shape or form illegal.

bonfireheart · 09/04/2017 09:53

Need to invest in a laptop and then I'm joining you all :)

bonfireheart · 09/04/2017 09:56

Am not even sure it's morally wrong, was reading a thread on MSE and bookmakers encourage it by sending you offers with the words "match betting" included. They want to draw you in so you make more and more bets and become addicted.

monkeyfacegrace · 09/04/2017 09:59

this is profit accumulator

Read it all. Slowly. Watch the video. Try the free offer. Then learn slow. You will get it, and you WILL make money.

MrsDesperado · 09/04/2017 10:09

Thank you monkey.

longtermsinglemummy · 09/04/2017 10:12

How does it work with horse racing? I understand with a football match you bet on each team to win, but do you bet on each horse in the race as well?

KosmoKramer · 09/04/2017 10:14

Monkey, do you use the free service on profit accumulater or pay a monthly subscription?

I have school trips coming up and work from home...this could be an ideal way of making the money needed

MissFitton · 09/04/2017 10:20

I can cope with being morally dubious Grin

Am planning on using any winnings to overpay my mortgage!

monkeyfacegrace · 09/04/2017 10:25

I pay on PA. For the cost every month, I can earn that back in 10 mins, and the guys on the forum are there usually 24/7 and have saved my arse a fair few times so I figure it pays for itself. You can get all the info for free, but everyone has different methods and calculators so more of a chance that you'll get muddled and make a mistake.

With horse racing, you find one horse with similar odds to win and lose. They you bet on the same horse, one back bet, one lay bet.

user0000000001 · 09/04/2017 10:43

What I don't understand is this. Profit Accumulator appears to on,y give results on Coral and Betfair.

Surely the, once you've used up for initial free bet, that's it? You don't get another 'new customer' offer so are reliant on them giving you 'repeat custom' offers. Surely they don't come round that often?

user0000000001 · 09/04/2017 10:43

Surely then

CalmItKermitt · 09/04/2017 10:44

What about spreadsheets? They scare me and tbh if I need them I don't think this'll work for me. I am a complete technophobe.

Do I need a laptop or will an iPad do??

LettuceMash · 09/04/2017 11:04

I have been through it, I understand a back bet on a horse for example, but do I then have to name that horse not to win as a lay?

And then won't they immediately suss me?

monkeyfacegrace · 09/04/2017 11:19

user those are the free ones offered intitally. Once you sign up properly you get a massive list of offers to work your way through.

Bookies put out free bet offers every day. There is always something you can exploit, every day, 365 days a year.

monkeyfacegrace · 09/04/2017 11:20

Lettuce you lay using an exchange site, such as betfair. You back bet at the bookies.

The two are never at the same place so nobody will know.

Dangerismymiddlename · 09/04/2017 11:20

You back a horse on a bookies website and the place the lay bet (for the horse not to win) on an exchange which starting out will be betfair.
As the two are placed on different sites, the bookies are none the wiser.

Once the sign up offers are done, there are loads of reload offers, there are horse offers every day and football offers when football is on. Big events also have offers like the Masters golf at the moment but there is always something to make money on

If you follow a guide like Profit Accumulator or OddsMonkey, they take you through step by step after the sign up offers and have videos and guides on how to do the offers and move on to the regular reload offers as well as casino guides.

x246 · 09/04/2017 11:23

Has anybody doing matched betting had trouble with their bank account? I did it for a very short while and got my bank account frozen for suspicious activity twice in three weeks. That was only using four sites so I gave up on it because I couldn't see that joining more would make my bank think it was less suspicious! Just wondering if there's a way around it.

MaidOfStars · 09/04/2017 11:37

Separate bank account - online, perhaps a new bank, look for a good offer at the time - is usually recommended.

Lay betting at Betfair. This is an 'exchange' - Betfair hosts a platform to allow people to bet between themselves and takes commission for doing so. You're never placing a bet with Betfair, IYSWIM. Therefore, Betfair don't give a fuck whether you're matched betting or not - they don't lose out from it.

MaidOfStars · 09/04/2017 11:39

Is it wise to use completely different usernames for bookies and for exchanges? I guess I don't want Coral to be able to find me on Betfair?

MrsWombat · 09/04/2017 11:52

MonkeyFaceGrace I would only use his account for the easy big offer everyone goes for in the beginning, and the winnings would go in to our joint bank account rather than my personal one. He's too lazy to do this himself! If I get on to the harder stuff I'll just be using my own account. Good to know that some bookies like partners doing it.

I'll be signing up to Profit Accumulator once I've got the winnings from my free bets and see what else I can do.

Dangerismymiddlename · 09/04/2017 12:20

Some bookies are partner friendly, some will allow ongoing offers but not the sign up offer. You need to check the terms of each offer.
Different user names are a good idea particularly for bookmakers that are affiliated with each other
I Mb mostly from my mobile as it can be done anywhere.