MN Matched Betting society - all the profit, none of the gubbings!

[MissFitton]

Previous thread here

All welcome. Matched Betters old and new for oddsmatching chat, top tips and tales of ballsed up qualifying bets....

I'm starting to think there's no rhyme or reason to get gubbed. Of the six or so accounts I've lost there has been no consistent reason.

The only trouble with casino bonuses is not to get suckered into it. I find them much more addictive than sports bets so be strict with yourself!

Use the OddsMonkey Casino Guides to work through the totally risk free offers to get you used to the slots and also bookmark their Blackjack guide - it’s not infallible but I find it does help.

I’ve fallen foul of “just a few more spins” before now so doing things like switching the sound off and setting it to auto spin and walking away help a lot.

Hello

Namechanger for this as I like to not leave too much of a personal info trail online! I'm thinking of starting, would people recommend a new bank account, or is just putting money into a paypal and going through there sufficient? We might be applying for mortgages within the next 6 months.

Also, I've looked at these threads vaguely in the past and remember there used to be links highlighting getting started info? - would anyone be able to point me in the right direction? It seems overwhelming.

Just really basic info on what to do and not to do would be great, and how to set things up so it's the best way of organsing - bank acc, new email? etc.

Thank you!!!! if anyone has a mo to reply.

Very briefly as no time:
OddsMonkey/Profit Accumulator/Team Profit guides are free. Read them and totally understand what you're doing.
Yes to a new bank account - a proper debit card account not PayPal or Skrill etc.
HOWEVER - if you're looking at a new mortgage soon don't start till it's in place. Mortgage companies will decline you if they see lots of money going to bookies.

Good luck!

@BettyMcBet, personally I did open a separate bank account just so I could keep track of everything. Be warned that some bookies restrict how much you can deposit/withdraw using PayPal.

Whilst some people will say that banks aren’t bothered by what many would consider “gambling”, others say differently so it’s entirely up to you if you want to wait until after you’ve got a mortgage sorted or perhaps start MB then stop for a few months while you do the mortgage applications - having betting accounts won’t show on your credit record, but the banks may ask to see 3 months of statements to assess your outgoings.

As far as advice goes I’d say go to the Team Profit website (you need to sign up but it’s free) and watch their videos and read the guides several times. Then when you feel a bit more confident have a look at their “Starting With X” guides (I used the Starting with £25 guide) which will walk you through each bookmaker sign up deal step-by-step.
Finally I’d say join the Team Profit Facebook page, several of us MNers are on it and it’s a really helpful resource.

Titchy and CaveMum THANKS - that's all much appreciated!

Yes I guess credit report shows all bank accounts anyway - or maybe not? Another question really.

Cheers, I will get onto those links and have a good look x

Hello, so I’ve jumped in today after a lot of reading. It’s pretty confusing and a bit scary as I’m very risk adverse.

I already need help!

So I bet my £5 in coral for Chelsea to beat Liverpool on Sat - odds 2.2.

I layed it in betfair odds 2.3 at £4.89, but the bet is unmatched. Do I wait and see if it gets matched? I’m confused already.

Luna as it's such a big game and a small bet, there should be plenty of liquidity. So most likely the odds changed either seconds before or just as you placed the bet.

I would personally cancel the bet and redo it at the new lay odds. If you leave it unmatched you risk the odds drifting too far.

Thanks mama that’s what I’ve done . I had no idea I could cancel a lay bet so that’s a nice one to learn. Feeling much better about it all now, it’s a bit daunting when you actually start.

If the bets unmatched then it can be cancelled. I remember how confusing and terrifying it was at the beginning but very quickly it becomes easy!

I recommend joining the team profit Facebook page if you are on Facebook. Everyone is so helpful and can talk you through anything.

I know this thread is dead but I prefer MN to Facebook - although that FB page is so helpful. So after a week it seems I should've taken up gambling as all my funds are tied up at the bookies. I'm also waiting for a new bank account card as I realised it can get so confusing keeping track of everything. I'm £27 up, and waiting to sign up to bookie no3. Very happy that it actually works, and hopefully I'll get a bit quicker now.

It seems that although matched betting is part of this, the real money is to be made from slots and bingo offers, with bonus plays/cash and wagering it out. I just can't work out yet how to not make mistakes. I have a £5 free bingo bonus at Coral, but the bingo sites make my eyes hurt! Say I won anything, I'd have to put in £20 of my own money to play through to get any profits out - that still seems like a lot to loose at the moment as my balances are still so low. And I don't quite know what to play to minimise loss/maximise potential profits.

Also terms like 2ups and Arbing are just nonsense to me right now.

Sorry for mind dumping. If anyone's there - how's it going?

Hi Luna, I’m a newbie to this and started on 1st April. Just over £500 in profit since then. So not bad, but after the initial sign ups profit coming in is slow. I only made £20 this last week despite spending ages on it.

I’m too scared to do the bingo/slots, it just looks so difficult, so not getting anything from that.

I’m finding horseracing addictive, and thank god I’m not gambling for real, it’s all so unpredictable. All my money goes back into the exchange because my horses are losing, despite whether I’m going for favourites or outsiders.

I think one of the reasons I’m not making money quickly is that my qualifying losses are too high, and I need to be strict about keeping them lower. About 50p to £5 bet, is that about right?

Anyway, thoroughly enjoying it but fear I won’t be making my fortune from it. Although hoping the football World Cup might give a few opportunities.

A good place to start with slots offers are things like Coral goals equals spins. You bet £5 on a premier league game usually for the weekend and lay it for a very small loss of under 20p and then you get 1 free spin for every goal scored in all the games. So today I have 31 free spins for a qualifying loss of 3p.

There can be big money in casino, but you need to have the money to afford the downswings. Because you can lose 10 offers in a row or more. Trusting the probability is important. But not biting off more than you can chew and depleting your bank roll is more important.

Look into extra places and hi5 and 2clear. Very good money there if you have a big enough bankroll. 2ups have stopped now as the season is over but hopefully they will do it for the World Cup.

Bet x and get y offers are great profit. And paddy power usually has a few a day of 'refund if a certain horse wins.' It's usually a dead cert and you can either lock in £2-£4 Profit. Or take a £1-£2 QL for the chance of £8.

*Throughthickandthin
*
Depending on what you are betting on, 50p isn't bad for £5. For football you can get smaller and again for horses you can often get smaller unless it has to be a specific race. For extra places and 2clear and hi5s I aim for a QL of £1 or less for a chance at £40-£50. Anymore and it just eats into the profit.

Hi Luna - I've missed most of the end of the season because of real life getting in the way, but in a year and a half I've made just under £4,000 not pushing it very hard. I'm getting more interested in trading now.

2Up - this refers to an offer run by Bet365 and Paddy Power. If the team you've backed at the bookmaker goes 2 goals ahead (so 2-0, 3-1, 4-2 etc.) then the bookie will pay out immediately rather than waiting until the end of the match. To make profit out of this, you have three choices about what to do: 1) cash out your lay on the exchange immediately (tiny profit and if the original odds were low, may not give you a profit at all, but just reduce the qualifying loss), 2) wait and see if the other team gets a goal back and then cash out your lay (the goal will bring the odds back up on the exchange and give you a better profit), 3) wait and see if the other team makes a comeback to draw or win (most profit, because you've been paid by the bookie but also win your exchange bet - but it's only happened a handful of times this season).

Arbs - this is when a bookie's price for something is higher than the exchange, say 2.0 at the bookmaker and 1.8 on the exchange. This will give you a guaranteed profit with a simple back and lay, but the bookmakers do watch the exchange prices and it may well flag your account for a gubbing.

Through £500 sounds like a dream to me right now, and in only 6 weeks is amazing! I have no idea about horse racing - too many variables. At least your funds are dropping straight back into the exchange where they need to be. I try to aim for under 40p Qloss on football match at odd around 2 to make sure I get the free bets.

The Coral goals equal spins sounds like the best place to start anything Casino related for me mama, thanks for that. Is there any wagering involved? I guess I'll have to wait until next season now but I'm not in a huge rush, I know it can take a while to get going with MB.

Ah I think I get Arbing! Thanks Kevin.

No wagering. Winnings are instantly cash for the Coral one. Ladbrokes who are the same company used to do the same offer but they have changed to 'bet £5 on premier League game and get £5 casino bonus' the £5 has wagering of 5x so need to wager £25 which isn't bad at all. I've bust out twice for a QL of under 10p each time and yesterday I made it through wagering with over £50 Profit which is amazing for risk free!

Ive had a succession of gubbings. First Betbright, then Betway, which I was really pissed off about. Then Winner after the secnd time I used it. And then Betfair sportsbook.

Can anyone help me with this particular horse racing match betting scenario? I’ve emailed Oddsmonkey but no joy yet.

I think there must be biggish amounts to be made in sequential laying and getting really seduced by some big back odds low lay odds. For example today I have backed two horses to win in two different races at a boost of 11 for both to win. Their lay offs are under 5. Soooo....the first horse, do I lay normally or overlay? If it loses I don’t do anything. But how do I lay the next one if the first one wins. This sounds pretty basic stuff but I just can’t quite work it through!

Thank you so much of you are able to help. I think it could make quite big money but just don’t know how to get there.

Hi Through Did you manage to sort your horses query? It was a few days ago so I imagine you might be on to the next MB drama by now.

Did you mean you had a bookie boost for both to win at odds of 11.0, and the lay odds for each was under 5.0?

If so that's not a great boost unless they were significantly under 5. If you're backing two events combined (I.e. a two way accumulator - 'acca') the individual event odds must be multiplied together, not added to work out if there's any value.

So a boost to 11.0 on both horse A and horse B to win is value if the lay odds multiplied together come to less than 11. Otherwise you'll lose.

With a two way, or more, lay enough to make your back stake back on the first bet. So if you stake £10, make sure you lay £10 (plus commission if you pay it). That way if your first horse fails you've lost nothing.

Hi all, hoping to make a venture into mb in a few days. My mat leave is coming to an end and my hope is to make £500 a month to make up for what I'll lose in mat pay. I'll go back and read all the threads but I wondered if someone could link me to the FB group in the mean time?
I've set up a new email address, a new bank account with a different bank, a Quidco account and a Betfair account but haven't activated any of it yet. I understand that I need to start with guides from oddsmonkey and profit accumulator is that right?

Team Profit is the FB group I think you're referring to. Search them on FB. Yes to an OM or PA subscription! Good luck!

Found it thanks so much I have an awful lot of reading to do. Quite excited to get my brain working again...or test if it still does!

LunaDeet no I haven’t got my head round it yet 🤣. I emailed Oddsmonkey and had email back from Suzy but she pointed me in the direction of an accumulator calculator I can’t get to work.

titchy thank you for your explanation although I’m still struggling with it. I’ve noted your comment about the two lay odds needing to be multiplied not added. I’ve been suckered into another one which at odds of 15 for two to win the Oaks/derby coming up on the weekend. Hopefully these two are will be very low lay odds, one is already. I’ll try and get to understand it working through this one carefully.

I ended up losIng around £50 this week getting tangled up in all that, hugely frustrating, I mean who loses through matched betting??!

Doing quite a lot at the moment on the World Cup, hoping that might be a good earner.

How much have you staked on that double at what price? What are the current lay odds - I'm happy to give you real calculations if that helps.