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....

Everyone is doing amazingly well.

I’ve spent time reading this and previous thread from the beginning. It makes so much more sense now I have a bit of experience.

I got a £20 free bet from Ladbrokes on my first Acca which I was pleased about.

Can I just check out how to make money from 2up. Pick a team to win, and back and lay in normal mode. If team goes 2 up, I get paid early. Then do I back them again to win in play to balance the lay bet again?

I started off using Betfair, but switched mainly to matchbook as they are doing 0% on horses, but now using Betfair again as I find their site much easier to navigate, and their profit/loss page easy to read. I like to check that what I think should have happened on paying out has actually happened and find matchbook confusing.

We use oddsmonkey because it's 0% if you're on oddsmonkey.

We have betfair but haven't used it. However we've made £11 from free betfair spins!

That Team Profit Facebook group is fantastic! I find the forums on oddsmonkey slow and hard to navigate. Use the monkey for the calculator and Team Profit for the info, with the Facebook group to ask questions.

Only problem is that my husband (who actually has the accounts) does NOT like to use Facebook. He expects me to look at the discussion and tell him things.

Am going to dip a toe in having spent months never getting round to it. Some questions before I start opening accounts all over the place!

1. Is my credit rating affected if I open accounts with bookmakers/Betfair etc?
2. I think I need to ensure I have a balance on my exchange account but do I withdraw any winnings from bookies and then desposit as I need to or just leave it there?
3. Starting off ... I have a float of £150/200. How is it best to start? Have registered with Odds Monkey and am working through their tutorials, have read the threads on here and read Profit Accumulator guides but just not certain about first steps. Am guessing I follow OM and go with the flow.
4. Record keeping - how on earth do you keep track of profits, losses, where your cash is?

Am sure these are basic questions but seeking reassurance - and will no doubt add more questions as I read on!

Thanks.

1. Can be yes. Usually bookies do a soft credit search which credit reference agencies won't save, but there is a chance the check would be registered. If you're about to remortgage don't MB!

1. Yes you need a decent amount in your exchange accounts. Withdraw bookie winnings (leave a few quid in) to top up exchange until you've built your balance up.

1. Follow OM guide! Start with new account offers and take it from there.

1. Spreadsheet! List what bets you've done at which bookie. Once they've settled have a running total of your balances. Or use the OM tracker.

Thanks titchy. It’s confusing but I think I’ll be okay when I get going. Am a bit worried about the credit agency searches as we plan to change the car later in the year, think we had a joint loan last time so don’t want to cause problems there. Eeek! Not sure what to do now ....

Open up a new Matched Betting only bank account. It makes it so much easier to keep track of money and withdrawal instead of it mixing with your normal money!

You can apply online for most banks and a few days later you've got your card. It's brilliant.

mamahanji, good advice, thank you! Apart from my sceptical husband, the only thing making me hesitate is whether it will have a negative impact on my credit rating should we apply for a car loan later this year or early next. Any insight on that please?

Have just googled and it seems like it is okay but many other websites also recommend using a separate bank account. Would Paypal work for this? So if I move alump sum from current account to Paypal can I then use Paypal with Betfair and bookies etc? Does anyone do this?

If you use PayPal you might find you're excluded from new customer offers so although it's fine to use once you're getting regular reload offers, better to get a separate debit card account imo.

Thanks titchy, that’s good to know. Have a current account I can use short term but will open another just for this.

I have a separate account, makes life much easier from a profit tracking point of view.
I'm also signed up to the MSE credit checking thingy and, a year in, it doesn't seem to have had an impact on my score.

I think England might win this one.....

I am so pleased I have found this thread!

I've been doing matched betting for a week or so and have taken all the introductory free bets... was looking for some people to share info on offers with - hooray!

girlfriend you've done 70'odd new customer offers in a week?! well done you,
are you in profit accumulator or similar?

Hello fellow MBers - I started matched betting by following the Team Profit instructions a couple of months ago with a £25 initial stake. I’m up to about £600 clear profit now, still have a few introductory offers to complete but I’ve also branched out into some of the weekly reload offers. Today I got my first gubbing (Betway) - hoping I don’t get many more because I’m enjoying playing the bookies at their own game.
I am keeping it pretty simple so far just using free bet promotions, but am hoping to branch into ACCAs once I get time to read the instructions properly.

Hi guys,
Been doing this about 6 weeks of months and going OK, made about 700 pounds out of 15 accounts (although I already had accounts with Ladbrokes, WH and Paddy Power so was unable to use new signup offers from these three), couple of rookie mistakes at the beginning but generally OK. Suddenly thought, I wonder if there's a MN thread on MB and low and behold there is!
So I've stuck to simple offers, now most of the sign up offers are ones with wagering requirements (eg rollover 6x etc). Can I ask what people's strategies are for wagering requirements (are there any)? Do you use your bonus on something with quite high odds to start with in the hope that you lose in the bookies and then have nothing left to wager again? and if that fails just keep doing the same until you've met the wagering requirements?
Sorry if I'm asking something that's been asked before.

6 weeks, not 6 weeks of months!

Quick reply - wagering with own money - low odds. Wagering free bets - long odds.

Hi all, I have been dipping my toe in the MB pool over the world cup and have made a couple of mistakes but think I have the jist of what I am doing. Just a few questions for those in the know:

I'm very impatient and this is where I have made mistakes, am I right in thinking it takes a little while to build up your bankroll?

How much of a bankroll do you need to be making bigger profits?

How do you make the bigger profits, ie. if the free bet is only £5 surely the profit is only going to be £3-4 at most?

Casinos - is it a case of playing the slots and crossing your fingers or is there a science behind it? Also, how do you get the bigger profits? When my lines win, it is usually pence, sometimes £2-3 at most.

I get the concept but am really struggling to see how to get a reasonable income. I have a couple of hours a day but only one bank account. Is it feasible to earn £100+ a month or am I deluded?!

Thanks

The bigger your bank roll, the quicker and easier it is to make money.

The quickest way is to do the sign up offers. They are the easiest and most profitable and are great for building your bank.

I personally recommend avoiding casino offers until your bankroll is £1.5. It isn't a case of play slots and hoping for the best as every casino game has an RTP, which is their return to play percentage. A good slot will be 96% which means if I play £10, 10 times, probability tells me I will walk away with £9.60. The only way casino offers are profit, is when we are getting something back. And not ever offer is positive EV.

There are plenty of guides on oddsmonkey (recommend joining 100%), but they aren't risk free and you can and will lose money and until you have a steady income from MB and bankroll, it's more risk than it's worth.

Sign up offers are the best way, so crack on with those, there's easily £1000 of profit from sign ups. Once you've finished the sign ups, hopefully your bankroll will be around £1k, by this time, you can definitely make £100. With a couple of hours a day, you could do £500 a month once you've got the hang of it.

Oh and it usually is just lots of little profits. So lots of £3s here and £6 there's and £1.56 there. It all adds up, but the big profit free bets aren't a daily thing. The small profits are how you keep it all ticking over.

Thanks @mamahanji that explains a few things :)

A non patronising word of caution. Casino offers are a numbers game. There is no luck, no 'it's bound to happen', it is all probability.

People shout about the flooky big wins they have, but I played 2 hours of blackjack for an offer last night...£8 profit. And then 17 offers the day before, £50 down across them all. And then £70 up last night. The expected value is based on probability of an offer being done 100 times. Obviously these offers are only once or once a day for a week. But it is all on doing them consistently. So if you are down 4 days in a row, you keep doing it for a the rest of the days.

It's important to face casino offers without any preconceived notions of luck and chances and 'just one more spin and I'll win'.

Which is why it's important (in my opinion) to not do casino offers if you are an addictive person or will be disheartened with losing money.

Team Profit is free to join and has amazing guides. Oddsmonkey is also brilliant although costs £17 a month but saves you more money than that using the oddsmatcher!

Once the reloads are done, they have guides for how to regularly make £200/£500/£1000 a month, which are an excellent guide.

Ok, so I thought I’d give this a go. I watched the Team Profit videos and downloaded their spreadsheet, set up a seperate email address to stay organised. Registered with Coral. Then went to register with Betfair - and they won’t register me! Says I already have an account when I try, which I don’t, and seeing as the email I was using was brand new was impossible! But then if I try ‘resend password’ obviously the email isn’t recognised.

Not sure what to do. Have they spotted my intentions before I’ve even started???

As a heads up, sun bets have ceased trading and you need to withdraw any fund in there