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....

PLEASE HELP
I placed my first back and lay bet, followed all the correct steps HOWEVER the result of my match was a draw, Betfair have only given me my stake as the winning, I put £2.44 stake and recieved this as winnings, so rather than losing a few pence from my £5 trigger bet on coral, I have lost £2.56! Or is my maths wrong?! How the hell does a draw work, this is all going pear shaped for me grrrrrr....

What were the back and lay odds? And back stake?

£5 back stake (trigger bet) 2.00 also Lay was 2.06 and £2.44

Lay odds changed to 2.09 but surely 3p wouldn't have made that much of a difference?

You're referring to the bookie bet as a trigger bet - this is a specific sort of bet requiring one further outcome as well as the original match outcome.

I suspect you used the trigger bet calculator rather than the standard qualifying bet calculator.

Yh I don't know what calculator you used, we do call it a trigger bet though as it will trigger the free bet.

But the standard back and lay calculator would have looked like this

That's exactly what it looked like, I noted it down and everything, I used the profit accumulation one, oh crap yeah I see now, my stake was supposed to be 4.98.... Ffs! Why it Said £2.44 I don't know!

Just signed up to oddsmonkey and placed a few bets as per their tutorial. I logged them all so they show up on the profit tracker. What does the settle bet button do on there?

I have a final question, does anyone cash out of the losing.team early to get more profit? Eg I've backed Greece on William hill amd layed on Betfair, Betfair says I can cash out for a total loss of around 15 quid instead of 16, with 2 mins on the clock, for future matches does anyone do this? (noon here)

Can someone explain in basic terms what I need to do to start doing this please? I have looked at team profit but feel totally overwhelmed!!

Try the guide on SaveTheStudent. Watch videos as well as reading, it can make more sense.

<a class="break-all" href="https://www.google.co.uk/url?sa=t&source=web&rct=j&url=m.youtube.com/watch%3Fv%3D9jSnP4GZsFM&ved=2ahUKEwi5xsv-rq7dAhViDcAKHeuWBNEQwqsBMAB6BAgOEAU&usg=AOvVaw2YBelBFU0dEoenmdl7CsSV" rel="nofollow" target="_blank">www.google.co.uk/url?sa=t&source=web&rct=j&url=m.youtube.com/watch%3Fv%3D9jSnP4GZsFM&ved=2ahUKEwi5xsv-rq7dAhViDcAKHeuWBNEQwqsBMAB6BAgOEAU&usg=AOvVaw2YBelBFU0dEoenmdl7CsSV

Found this link super helpful, I started a few days ago, read up for a few hours before hand though and watched a shit ton of tutorials

Starting Matched Betting has been totally transformational for me and my kids. Instead of having to worry about penny pinching I can now treat them all the time and make happy memories.

I have been doing this over 1 year and have been making over £1K per month mainly from sports & casinos.

I still can’t believe this works! But it does :)

Interested in starting this, can you tell me if I deposit a fair amount of money into betfair exchange to cover liability, will I ever be able to withdraw it? Or should it sit in there to cover liability all the time? Basically I'm wondering, if I deposit the £60-£100 recommended into betfair, am I losing that money?

Hi all, just started on Sunday and working through the start up offers. I have made £60 so far! So all good. Can I just ask those of you making quite a bit, do you mainly do this on casinos? And how does the wr work, do I need to have this amount available to use or does any winnings from the free bet that you use count towards this? I'm not going to do this yet, got plenty more start up offers to get through!, and need to get my head around acca!

Foundwantingalways no you'll get it back. I've been playing since Sunday and £60 up already. I am leaving this money in Betfair because I want to build a good liability pot, but you can withdraw this anytime you want. Hth but others on here have far more experience!

The most important thing to know about casinos is that you can lose the entire amount. Multiple times. You either need to be comfortable with risk and understand probability or they're not for you.

Regardless, it's best to have a substantial bank first and never risk more than 1% of your bank per offer for low risk. Or 0.5% for medium risk.

No risk offers are where they are giving you something for nothing. So a free bonus or free spins. These don't use your own money and are always worth doing.

If your target is £1k a month, it's perfectly doable on sports only. If you are looking for more, again you can do it all on sports, but throwing in low risk casinos will definitely increase your profits. Provided you follow the rules and never chase losses ☺️

Hi, thank you for your reply! I'm in no way ready to risk losing money and I want to be in a situation where i don't need to chase my losses so anything where there are wager requirements I'm going to steer well clear certainly for now.
I have been sent an offer from Virgin which looks like it's risk free, play £10 get 30 free spins and anything i win is mine no further requirements so I will give that a go. I figure I can make up losing £10 with today's start up offer!
So far happy that I've earned and extra days wages with this so far

That's great you're getting on so well.

Risk free means that you don't use any of your own money so there is no risk. So that would be considered low risk if you have at least £1000 bankroll.

Hi Thank you!
I am not sure I totally understand what you mean is it because I am using some of my own money that it's considered low risk and not risk free? Which now I've written it down makes sense lol!
With my example would you still only say go for it with a £1000 bankroll only? I want to follow all advice to make the most of this!

Yes risk free means you are not using, therefore risking any of your own money.

So this is not risk free as you could lose up to £10. My advice is only advice and some people will disagree but that's ok.

I do a large amount of Casino offers. Low-high risk so I understand the process very well.

My honest advice would be for anyone to do all the sign up offers, build a bank to at least £2k (profit) and then start incorporating (but only if they understand how the offers work and have done all the available no risk casino offers first) low risk, £10 and under casino offers.

Put it this way. My bank is about £7k of pure profit. Until yesterday, for the week of casino offers only, I was £200 down. That isn't even especially uncommon. But I've also made a lot of money from them so It doesn't affect me or make me think 'shit I've lost money' it's all part of the probability.

With a bankroll of less than £1-£2k, losing £30 over a few offers actually makes a big difference.

There is so much money to be made from sign ups and reloads and then betclubs and daily offers. Easily £1k+ a month! Without involving any risk 🙂

mamahanji thank you so much for your reply! It is too big a % of what I have won so, I suppose, it's more of a higher risk for me! I very much want to be in a position like you, where it doesn't bother me.
I will look out for the no risk offers but tbh happy with all the sign ups at the moment.
Like i said I still haven't got my head around acca yet!
Thank you!

£1K bankroll is much more than I started with.

Stick with very low risk casino offers if you are just starting out. The key is knowing how to work out the value which does take some experience. There is sufficient bonuses around without having to take large risks.

Example Gala Casino new customer bonus. Deposit £20 and turn over once (always use smallest spin values). You get 100 free spins @ 25p each.

The profit will be in the region of £20 for a few minutes work.

Whilst yes I agree that the key is working out the value, the value is based on completing the same offer between 1000 and infinite amount of times. So to get the value, you have to do the offer every single time. Which can be tricky when your bank roll is £500 and you're losing £10 an offer and very quickly running out of money to carry on.

Just because an offer is + expected value, doesn't mean you won't lose money. I lost £52 on offer with a +Ev of £6 last night. The other day I lost £17.80 on a low risk bet £20. With a small bankroll, that would have meant I couldn't have cancelled out the losses with some price boosts and reloads. As my money was nearly always tied up in liability or being used in bets.

Obviously it's up to each individual how much they comfortable with risking. But I've seen so many people get burned because it can take a while before the Ev plays out. By that time, they've run out of money or got disheartened.

Thank you for all the advice. I suppose it depends what you feel comfortable with. I do not have a lot of spare cash, started with a float of £150. I am now able to use my profits for the start up offers while slowly building my bankroll. An extra 1k a month would make a massive difference to us so I want to be careful!