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 so impatient! My husband opened a current account online and they mailed him stuff to mail back. Its going to be a while before he gets the account set up!

However, in the meantime I'm trying to scrounge together some start up cash. The more we can get started with, the better. I'm sure all the offers will be there throughout the World Cup.

I signed up to Profit Accumulator yesterday and placed my first bet on the World Cup so need to wait a couple of days for that one, and my free bet/lay bet was on a horse race this afternoon, so will be interesting to see how it all actually works in reality!

My husband's debit card should arrive in the post any day now! He's using this time to get very familiar with everything in the Profit Monkey system.

How did it go, WhatATime?

I’ve just had £25 in free bets from William Hill. That was a lovely present!

I need to know how people are making money on horses. Bloody hell, I can see how Bookies are rich.

I started matched betting about the time of the Grand National and was unlucky enough to win on the each way matcher. Quite a lot of money! I say unlucky because it lured me into a false sense of security and thought it was easy! Well I haven’t made money in that way since. And at around £2 per race QL that has really added up so I’ve stopped doing that.

Similarly I used a £5 Free bet on a racing accumulator - higher odds on x and y winning 3+ races out of 9 that afternoon. It won, and I wished I had put a load more on. Been doing that since and it hasn’t won again. It’s really hard to lay those as well as costs get too high. I’ve stopped doing that now as well, although if lay odds are really really low it would still be worth doing, but the the bookies make their odds lower so not sure it’s worth it.

So how do matched bettors make matched betting money in horse racing 😀??

I tend to use free bets on the horses because they rarely win and the money nearly always ends up in the exchange.

Money from horses mainly comes from 'refund if' offers. So refund if a certain horse wins. You can lock in Profit or find the smallest QL on a horse that isn't the favourite and then get the full free bet. I would say when they do these offers the selected horse is usually a dead cert and 7/10 times it comes in.

Extra place offers. Bookies like William Hill, skybet, Ladbrokes, paddy power choose certain races and offer an 'extra place' to be paid out. Place terms are usually 1,2,3 so if you back a horse each way (E/W) half of your stake is on the win and half is on the horse to come 1/2/3. When they offer and extra place they pay for the 4th place too. So you back and lay a horse E/W, and the bookies pay out the 4th place but the exchange only pays out the usual places. So if your horse miraculously finishes 4th you win place at the bookies, and win the lay at the exchange as the horse didn't come 1/2/3. This doesn't happen often but when it does...£££. The aim is to get the smallest QL as possible to make it valuable as it doesn't come in often.

William Hill do hi5 and 2clear. For this you need a big banks and high stakes. You back and lay a horse as normal with the smallest QL as possible (using the William Hill daily boost can bring the QL to zero or a small profit), and if your horse wins by 5 lengths for hi5 or 2 lengths for 2 clear, you get 15% of your winnings back as a freebet. The maximum freebet is £100 so you want to aim for the maximum winnings to be £666.

These are where the money from horses come from. None are guaranteed. But if you have the bankroll and the time to find close matches, there is big money to be bad. And lots of gubbings 😛

I hope that all made sense!

Thanks mamahanji. I’ll try out the Will Hill 2 clear thing, I haven’t been using the boosts much so will give it a go. It’s comforting that money can be made from all the things I’ve actually heard of, I thought there was some secret I was missing . I’ll report back when I’ve got to grips with it.

Although I’ve got loads out on the World Cup at the moment so exchange balance is a bit low.

Good luck to all.

just popping in to say I've passed the £60,000 mark profit in MB'ing. so so chuffed. going to carry on as long as I can and hopefully buy another house outright to rent out.

To the newbies, keep plugging on and once your bank hits a certain amount the profits really escalate.
anyway, very smug post I know but I've had a celebratory few wines to mark the milestone!!

Congratulations vandrew4, that's amazing! I'm making such small numbers in comparison.

Is it mainly casino? We need some tips!

horses, football, whatever gives me the lowest ql. only started casino the last couple of months but have made a LOT of money. all the betfair, paddy, mecca bingo offers. what took me over the 60K tonight was a mrsmith offer. deposit and wager £15 and get 50 free spins. halfway through the wagering I hit a bonus and £275 up. ! It's really life changing and believe me I've never been one for pyramid schemes etc. !

If anyone had Ronaldo on DDHH they would have made a killing tonight?

That’s brilliant vandrew4, very inspiring, how long have you been doing it? have you been gubbed at all?

been gubbed by most of them but thankfully have bank accounts in my maiden name and my married name plus husband plus PIL's who have kindly opened bank accounts for me to use.
Been doing it 2 years so rough;y 30k a year but that's tax free which is amazeballs

Bloody hell well done vandrew that’s amazing!

Loved the Coral offer yesterday on the Russia match, bet £10 on Russia and get a £5 free bet for each goal Russia score. £25 in free bets on day one! And the odds were so low the QL was practically nothing.

£30k a year, wow. That’s really good to hear. I wonder why betting isn’t taxed, the government would bring in a fortune.

The Coral Russia offer turned out to be really good Luna, I used my FBs up immediately, I think they were only available for 1 day.

I'm going to look into how to use my maiden name at some point. My husband is doing it and I have my maiden name on my passport so I honestly won't have any accounts already open. It's the second household that will be tricky.

What sort of ID is requested by bookmakers?

I think I used my passport, but they don’t all ask for id, only 2 have for me i think.

I'm not a UK citizen and I am not on the electoral role. So I will need to provide a fair amount of paperwork. I used to have a separate flat but I gave it up a while ago.

I have a friend who would love some extra cash but is absolutely helpless with anything technical or numbers. Ordinarily, this is a somewhat annoying trait, as she texts me daft questions frequently. However, I think I may be able to use her address. I know some people offer a percentage for this favour but I think just paying one of her utility bills may be a good way to compensate her. Simpler that way.

I could transfer my spare bank account to her address and then perhaps pay one of her smaller utilities.

Hi all. Newb here, having learnt about it from that thread about making £2.5k. I started off running before I could walk and made losses before I went back and watched the Team Profit videos and realised I was doing the exchange all wrong duh. Am now on the right track but I accidentally put the wrong stake on at the exchange last night which has turned it into an overlay (more duh). If Costa Rica win this afternoon I shall be a few more quid down!

I'm not expecting to earn more than a few hundred quid, but I shall be very happy with that. I have an addictive personality, so need to be really careful and am put off casino in particular for that reason. So I'm sticking to football for now and will see how I go. I'm already having to hold back from putting more than I can afford in to my exchange account so that I make money faster.

I wanted to ask about cashing out accounts. Would you recommend doing that after every win in order to get it in to the exchange or does that look like mb behaviour and gubbing likely to come sooner rather than later?

Hopesparkles

Withdrawing funds is not suspicious. It is what a mug better would do! Arguably leaving hundreds of pounds in accounts is more suspect.

Thanks @mamahanji

I'm starting to wonder if there are really many good startup offers. I went through the ones discussed on Profit Monkey and this is what I have found:

These are the most straightforward, easy ones that don't include a bunch of rollovers and need for huge lays:

Coral - done this one
Betfred - done this one
Ladbrokes (owned by Betfred so probably can't do it)
William Hill (£10 > 4x10)
Bet Victor (£10 > 3x10 & 2 "price it up" & casino)
Skybet (£5 > 2x10)
888Sport (one free bet must be on mobile) (£10 > 3x10 + 1 bonus £10 for WC)
Betway (£30 > £30)
Dafabet (up to £30 matched if QB loses)
Paddy Power (£10 > 3x10)

There are a handful of other decent offers that require a bigger bankroll to handle rollover requirements. For example Bet365.

Then there are a few straightforward sign ups that pay very little (like, bet £20, get £5 free) and therefore pay small profits.

Then, there's a clutch of bookies that sound like trouble. Discussions in the forum highlight difficulties withdrawing, difficulties getting free bets credited, or being somehow affiliated and closing accounts immediately upon registration.

Finally, there are a couple that don't currently have any offers on but may do in future. As well as a couple that have odd free bets, like accas or whatever. And a couple that are geographically off limits (NI or Scotland only).

The plan is to get the bankroll big enough to take on the good offers that require a few rollovers. Then to hit the low-profit offers when there aren't many reloads on.

But I only see maybe a couple hundred pounds in the initial list of easy sign-ups. Perhaps another couple hundred in the other reputable bookmakers. Definitely not seeing the £1000 or so we are told we "should" get from the initial run of signups.

Obviously, the long term money is in reloads and casino, but I'm a bit disappointed now that I'm started and looking where I'm going next.

Am I missing something?

Justgettingstarted

There are definitely more than that. Yes the initial 20 or so are much quicker and easier money. But there is £1000 of sign up offers. It's very easy to get disheartened after the first few which practically throw money at you! And the next ones can be either slightly more complex or require more work for less money. But after the sign ups, and the initial 'come back and spend more money!' Easy reloads, it's all like that.

Team Profit have a long list and oddsmonkey have an even longer list of sign up offers. Oddsmonkey isn't free but is incredibly worth every penny.

With regards to some people having problems with certain bookies. Yes everyone does. Some people regularly don't have free bets credited and have to spend time on live chat proving they earned them. It's rarely happened to me but it does happen. Betbright have a fantastic sing up offer and their reloads are incredible. If they don't gub you first! They tend to gub so quickly, especially if you are female for some reason.

I think it's best to come into this knowing it is free money, but it isn't always incredibly easy. Sometimes you are scraping the barrel for £3 here and there. But it's best to not look over the small profits, they build your bankroll, they're guaranteed, they cover the qualifying losses for other bets. Basically don't turn your nose up at a few quid here and there because that's what the majority of offers are! You just do 100 of them to make the money.

Regarding casino offers. That isn't necessarily where the money is. Horses are a brilliant earner and less risk. Casino is a funny one. Statistically yes if you take positive Expected Value offers and follow the least risk and variance methods, you should make money. BUT that doesn't mean you won't lose 50x£10 offers in a row. And then on the 51st offer, you'll win £600. And it's those regular losses that dissuade people casinos. Which is a good thing as they are obviously advantage play, and not matched betting and require you to realise it is NOT risk free. Just because someone else won £60 on this offer doesn't mean you won't lose your whole £5.

After the initial sign up offers you've listed, I would recommend joining oddsmonkey. They do a £1 trial and then it's £17 a month. Honestly worth every penny. The oddsmatcher itself helps your find so many closer matches and helps squeeze more profit out of every offer.

And their guides and community are worth much more!

Ok also Ladbrokes is owned by coral. And you definitely can do it. They are also partner friendly.

Ladbrokes are one of my absolutely favourite accounts for all offers. Definitely sign up. I have coral too and both are going strong with regular use.

Betfred own Totesport. Again I have both and have no problems. But inevitably I will lose account eventually. I have already lost betway, skybet, betbright and unibet. But still making £1k+ a month. Losing accounts isn't the end, just need to learn where else the offers are.

And to add to mamahanji's excellent advice, I have both Lads and Betfred so you should be alright there!

Don't get too disheartened. I usually make £300-400 per month but that's money I wouldn't have otherwise so it's all good

Beat me to it mama re Lads/BFred

We've got profitmonkey. The software alone is worth it.

I should add that it's my husband who has all of the accounts. I may do some of the partner friendly ones once he's signed up with everything.

I'm also going to be doing some sharbing, in tandem with my husband laying on the exchange, towards the end of the footy season when cup qualifying and finals are going on. I travel for work and we should have the liquidity by then.