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....

How do people make so much money from this? I’ve won £13 from one opening offer from coral. So 24 other welcome offers...then what? Just random free bet offers?

*Underworld
*
There are about 100 welcome offers! And then plenty of reloads and daily offers.

How do you find out about the welcome offers?

And do people mainly do this on this weekend when there’s loads of popular league matches?

Also, anything I need to be careful off to not get “gubbed”. Never heard this word before!

Hi I've joined oddsmonkey I got my first month for a £1. Its brilliant loads of tutorials and offers and reloads ...and i know nothing yet! Loads of people on here with far more knowledge and experience! I try and do one offer a day, going to try and do more over the weekend. This week I've been doing horses.
I would like to know more about not being gubbed and the best ways to avoid it!

OK, I think I'm being really dumb, but bear with me please! I can't see where the profit comes from? For example, say I signed up to Coral £5 and Betfair £ 5.10 to start with. I back bet £5 on coral and the lay bet of £5.10 on betfair. So, one cancels the other out, no worries. But then, if you use your £20 free bet, and say you put in £17 lay bet (profit accumulator gives this figure in the example text) then you get £16 back. If the lay bet won, and you get your stake back, then you have made £33, which is only £6 more than you have spent out. If the back bet wins, you just get £16, no stake to return, so your net loss is £11? Is that right? I'm struggling to see how anyone makes cash!

Belinda

As you are using a free bet, you're not using your own cash in the bookies. So if you use the free bet in the bookies and it loses, you make £17 profit in the exchange. If it wins, you make profit in the bookies which is winnings-lay stake. If it's £33 bookie winnings then that's £16 profit as the original £20 bet wasn't your cash.

Sorry trying to explain something when you've just woke up isn't a good idea!

Your original bet was your own money. So you made a small qualifying loss. You triggered the free bet.

£20 free bet placed (not your money!

£17 lay bet placed.

So if you bookie bet wins, you lose £17 of your own money. But win £33 of completely free money, for £16 profit.

If your exchange bet wins, you lose the £20 free bet (not your money) and win £17 from your lay stake.

Oh blimey, I'm struggling! It may make more sense to me when the bets I've made on Coral play out and I see exactly what comes back! I had to go low odds on the free bet as I didn't have enough to cover the liability amounts for higher odds, so may only get £10 back. Which is why I am a bit confused, that will only cover what I have paid out. Perhaps I need to watch the videos again!

Talk me through what bets you placed and what odds and I'll tell you what profit you have made

Thank you Mamahanji. So, for the qualifying bet, I spent the £5 at Coral, and laid £5.12. So there I'll have made a loss of about 16p. I then backed the £20 free bet on Coral at odds of 2.10, and lay bet of £10.63 at odds of 2.12. Really grateful for any light you can shed on this for me! I'm clearly not a natural at this. I also think I need a much bigger float.

So if you layed using Betfair with 5% commission, your profit is £10.10.

If the back bet at the bookies loses, you lose nothing there but win your lay stake of £10.63 minus the 5% commission.

If the bet wins at the bookies, you lose £10.63 at the exchange, but win £21 at the bookies. For a total profit of around £10

Does that make sense?

Thanks, that is definitely clearer. If the back bet loses, do I just break even in that case? I appreciate your patience in this!

No you will have £10 profit regardless. Your lay stake of £10.63 is what you will win if the bet loses at the bookies and therefore wins at the exchange.

Thank you. OK I feel so much better about this now!

I recommend joining the Team Profit Facebook group. It's a very helpful community!

Drumroll please...............

just hit the £75K profit mark. !!!!!
keep at it folks, just do as much as you can

😮😮😮

🎉🎉🎉

75k??

yep, £75,000. Amazing isn't it!!!

When did you start vandrew? And did you do it pretty much full time?

Any tricks and tips to not get gubbed?

Vandrew that's phenomenal! Well done!

And like the pp's questions how long has that taken you? Any tips on what you have done and how not to get gubbed?

That's brilliant!

been doing it 2.5 years. Been gubbed by lots but have accounts in my maiden name, my married name, my husband, MIL and FIL.
Been mostly sports but made a lot in the last couple of months since starting casino.
Don't forget,if you're gubbed, use that account for arb'ing till they restrict you too much to make it worthwhile.
I do a good 3 - 4 hours a day

So 5 accounts then? £15k profit per account, which is £500 a month each. Nice one - and achievable for most people that!

5 accounts in total. so basically once one gets gubbed I move on to signing up again with a new person. some accounts have lasted ages. eg. redbet me and husband have had one for at least 2 years and both got the £60 free bet today

Vandrew that's really brilliant! I should make my first £100 today, so made that in one week. I don't have the spare cash to put into Betfair to build my liability so slow to start but happy with that! It's nearly two days extra work for only about 2 hours of my time. Got some good William Hill offers in this week so that's helped. Need to get my head around this acca thing today! Has anyone got any tips so I understand what it's about and what to do?

When starting a new account, don’t they match up bank detailed and address etc?

So even with a different email address, your card details will stop you creating new accounts? Or is the trick to deposit using PayPal or something?