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....

So you are counting on your free bet winning? Is that it? So the profits come from the free bets winning, and if they lose you have lost nothing? Sorry if I'm being incredibly dense, I am really struggling to understand.

No. Your free bet wins - you win at bookie, less (a smaller amount) exchange loss. Bet loses, you gain exchange stake back.

You realise you have to lay free bets the same as qualifying ones yes?

Oh bum - I set up Paddypower and didn't write down what the offer was . On the up side I got the £15 cashback tracked on Quidco!!

Sorry titchy, I am just not understanding. How does the free bet win? How can it always win? Arrgh!

@lightonthewater - the free bet always makes you a profit as you bet for it and against. For example (a bad one, as it's better that your bet loses) my first free £20 with Coral - the horse romped home 'winning' £70. However, because I had covered it losing too I 'lost' £53.48, BUT because the bet was free - it was actually a £16.52 profit on my part. So I bet my £5 to get my £20 bet, didn't make anything on the £5, maybe lost a few pence, but then gained £16.52 on the free £20 bet. If that makes sense?!

Hi lightonthewater you lay every bet including the free ones. That way you always win either at the bookies or the exchange. On your qualifying bet (the one you place to then get the free bet) you will probably lose a few pence up to a couple of quid depending on the odds and the size of the bet. You then get your free bet where you will make a profit that will more than cover what you lost on the qualifying bet. The trick is always lay every bet, even mug bets to try and stop being gubbed. And also keep a record of all of your transactions!

If you lose at bookie you win at exchange. If you win at bookie you lose at exchange. Regardless of outcome one of them will win, giving you profit.

Hello another newbie struggling to understand here! Is it possible to start making money with as little £10 from my own money? I can't really afford to use much more but not sure if that's enough to start? Also I don't have a laptop or a PC, is it workable from a phone?

Quick question.

I'm doing a qualifying bet with Sky Bet.

Bournemouth v Blackburn, Bournemouth to win.

1.44 on Sky and 1.57 on Betfair.

I'm going to put £5 on Sky but how do I know how much to put when laying? What do I put in the backers stake?

Hi twinkledag you need to use a odds matching calculator and it will tell you. I use oddsmonkey. If the lay odds change before you place your bet then you can adjust in the calculator and it will tell you what to lay.

WakeUpFromYourDreamAndScream you need to have money to lay as well so money in an exchange. I know you can start with not much but you will need to check the stake amounts on a MB calculator to see how much you need. It will take you a while to build up the less you put in but it is possible.

twinkledag you need to use a calculator, there is a free one on the Team Profit website. You enter the type of bet (normal/free), stake, back odds and lay odds and it tells you how much to lay.

Twinkle - what others said. Or down load an app. You could get a closer match than that though!

Wake me up. I do most stuff on phone so that's ok. However I think you'd need an absolute minimum of £25 to start tbh, and you need to be ok with not being able to get at that money for a couple of weeks. Can you maybe save all your 20p pieces or something and aim to start once you've got enough?

Thanks, I found a calculator so all sorted

I've made £50 tonight from free spins! Proper chuffed!!

Well done! I haven't dared venture into the world of spins or casinos yet, they are next on my list

Do you need to put in £500 or so to make £1000 a month? How much do people make after the initial offers have ended? We've made £200 this week but it doesn't feel sustainable?

Do you need to put in £500 or so to make £1000 a month? How much do people make after the initial offers have ended? We've made £200 this week but it doesn't feel sustainable?

There is about £1000 to be made from the sign up offers. After that there are reloads. It's not unrealistic to be making £500-£1000 a month with a bankroll of £1500.

I personally make significantly more but I do it full time.

The sign ups are simple and highly profitable. Reloads are usually lower value, but you just do more of them.

Can someone please help, if I have a free £10 bet do I lay £10, or might I lay a different amount? I've watched the guides but flipping heck I'm still a bit confused! And when I'm betting with real money I want odds somewhere around 1.5, but when it's a free bet odds of around 5 - is that right? Thanks in advance

You need to use a matched betting calculator and put in the back stake and odds and lay odds and it will tell you what to lay.

Some offers want a minimum odds of 2.0 so make sure you check what the minimum odds required are!

Afternoon, having a minor panic on the first bet I've put on horse racing! I definitely put the bet on at Coral to win and then lay the bet to not win at Smarkets. But the bet slip at Coral says 'Win OR Each Way'. I know they have extra offers on the race but I didn't opt in as this is the first horse I've backed. I went through Profit Accumulator to place the bet and followed all the instructions.

So what does 'Win or Each Way' mean?! And do I need to change anything at Smarkets?!

Win or each way bets use the same odds so if you're sure you only backed to win, I think the bet slip is just confirming that you're on the 'win or each way' odds, as opposed to other bets with different odds.

No that's just what the market is called. You would have had to tick the box that says e/w for it to be an eachway bet

For the record win and each way are two separate bets. Each way means placed in top 2,3, 4 etc (depends on number of runners), and is an additional bet to your win one.

So £10 each way is a £10 bet to win, and a further £10 bet to be placed, the latter paying out a quarter or fifth of the odds if horse is placed.