Matched Betting

[orchidsundertrees]

I know there have been numerous threads on this topic, but I have struggled to understand how to go about getting started. The more I read about it the more overwhelmed I become. Spreadsheets, separate bank accounts , odds, blah blah . It may as well be quantum mechanics!
I need the money for a specific reason so I need to get to grips with it all and get started. I am an intelligent person, I just need to persevere.
I would really appreciate some very basic advice. I know about OddsMonkey and other sites. I have watched the videos and understand the basic concept, but then I am lost. I don't want to make mistakes and lose money.
Help!

I don't have a clue on casino

Nor me.

Anyone got any tips for making money on casino?

If you're on oddsmonkey there's a guide for casino, team profit probably have one too. I started with risk free sign up offers, now I do 12-20 offers a day. The idea is if you've got an offer for wager X for X free spins then you should profit from it over time. The easy ones are in the oddsmonkey daily offer calendar, harder ones I usually find in their community forum. Half the time you lose some, but the wins make up for it. I'm up £400 this week on casino offers.

Help! I tried to get started yesterday and managed to mess up right at the beginning by putting 2 bets on with skybet in a panic as I couldn't see they had gone through and as I was trying to lay them the odds seemed to be changing so then did 2 with betfair!

Anyway the upshot of this mess is that I have deposited £70 with betfair ( now worth £53) and £20 with skybet ( now worth £42.50) so have made a fiver??? However the whole thing has scared me and I don't think I want to continue especially as I'm really short of money at the moment. Can I take out the money I've got in there? And how do I do this? Is it called withdrawal?

Or do I carry on with the next stage of Oddsmonkey which is registering with betfred although I will have to deposit even more money to do this won't I?

Thanks @gammeldragz I’ll have a look.

@POFuserred we all have a few cock ups in the beginning, at least your was profitable! Take a step back, you can totally do this. Just do one a day if you're finding it stressful, you'll soon be flying!! It's such a good earner and the sign ups are so easy when you're into it that it's basically free money.
Yes you can withdraw now from Sky and use the money for the next bet. Were you on horses? Their odds shift quickly and I stuck with football when I was starting for this reason.
Double check everything, take it slowly. It will pay off.

Casino offers - simple daily ones I do.
Gamesys' sites (Virgin, monopoly, heart, jackpotjoy and Starspins) are excellent especially when you first sign up. There's a daily free game you can win free spins or cash, plus the first few weeks loads of chances to get a Box Bonanza thing for wagering £5 and these tend to be well worth it. Good place to start and easy sites to use.
Bwin have a free wheel to spin for free spins or other prizes, not guaranteed but risk free.
Sky Vegas have a prize wheel you can do daily after 12pm, sky Bingo have a free bubble burst game after 10am (won't often win but free to do).
Easy wager X get X offers include:
Sky Casino free spins lounge, opt in first - £10 for 5 free spins. Choose a low variance high RTP slot. I do well with God of Storms. Then do minimum spin size for your £10 and you'll get 5 free spins. This offer is worth just under £1, some days you'll be up some days down. It doesn't seem like a lot but takes a few minutes a day and makes you £6+ a week.
Gala bingo - they have an offer for £10 wagered on any slots gets you a spin on the Happy Wheel the next day, minimum prize from that is 5 free spins, so again same idea as Sky one but you can win more spins/cash and it's not instant but still a daily offer. Gala spins (same log in) have a similar free wheel thing called Spinovator, again wager £10 anywhere and get to spin the wheel the next day. Min prize is 50p which isn't good value but bigger prizes are fairly frequent so I find it worth it.
Foxy Casino have a very similar offer daily but that's £30 wager, in 3 days I've had 5 free spins, 10 free spins and £20. If you play a high RTP slot it does work out to have value, but for beginners stick to the tenner ones for now.
Moplay every Friday to Sunday have deposit £10 for 20 free spins. Good offer, wager your tenner on something low variance or roulette. It doesn't say to but it's best for account health.

Low risk casino does still have risk, so apart from the free games you should have about £1k bank from sports sign ups before you start casino stuff. You can have bad runs and be down for a week, which is disheartening!

Thanks @Gammeldragz that makes sense about the horses- it was and I didn't realise this! If I withdraw from Skybet how quickly do I get the money and does it go back onto my card?

I realise I should have started my own thread so I apologise for hijacking this one.

I am considering doing one a day perhaps that would be best as I suppose there is no rush. But not sure if I get the money returned to me quick enough to do that.

No definitely post in here rather than start a new one. I think it takes at least 2 days for funds to get back to bank account? They all seem to vary. It's annoying, I have a separate account and a bankroll of £2k+ and still run out of funds to do offers at least once a week!

Had my first gubbing today!

Oh no Ollivander! Which bookie?
I've just started

Netbet. Placed my qualifying bet and they credited my free one and then gubbed me!

NetBet gubbed me on day 1 too Ollivander - I placed my trigger, won over £100 and stupidly hit the withdraw button, just to see how withdrawals worked. I didn’t withdraw but was gubbed within minutes.

I started today! With an aim of making £300-£600 per month (may as well aim high!). I have backed and layed bets on Moreirense v Aves, Tottenham v Chelsea, Wolves v Liverpool and Celta Vigo v Athletics Bilbao, betting Coral and Sky £5 each thdn higher odds for £20 free bet on each account.

I think I've done everything correctly. I used money in an old overdraft I was paying off - aiming to put it back within the week! I'm using Team Profit and finding it all straight forward so far. Either win or lose, the TP spreadsheet seems to think I'll be £25 in profit by the end of the evening.

Would people recommend using Oddsmonkey and/or Profit Accumulator or Bonus Bagging? I've found my own offers so far but do want to be able to do this quickly daily when I'm up to speed so can see the appeal. Is it worth it?

I’m tempted to try it when I get paid. Let us know how you get on!

Oddsmonkey is what I use and for £17.99 it pays for itself in a day. So many tools there for working out complex offers, daily offer calendar and a forum. Guides for everything. Profit tracker. You can link it to the exchange so you can lay your bets direct from their oddsmatcher. It's fab. £1 trial usually for a few weeks to give it a go. Plus you'll get 0% commission at smarkets which beats Betfair.

Hello!

Well I've ended day one with £27.46 profit and a big smile! I have bets set up tomorrow and regardless of the results, if I have done it correctly, I will be another £19 or so up. I have had to deposit a bit more than the initial planned £100 but only because I want to do the sign ups quickly (while taking time to check) and I'm so keen! It's just clicked and I feel really confident this could work for me.

Thanks for the OM info Gammeld (I recognise you and remember the origin of your name from boot camp threads although that was a few name changes for me ago!). I appreciate the help. My brain is on overdrive today and exhausted with so much thinking and calculating that I will think a bit more about this later!

I've finished Day 4 of MB and I'm up £85. I've ended up using more than £100 to start but that was only to speed things up. I won my first 2 bets with the bookies and had to wait 2-5 days for the cash to withdraw.

Knowing the money was on its way back to me anyway, I used it's equivalent to put money back in to the exchange.

Wolves winning last night caused the same thing again, money in the bookies not the exchange!

It's all looking really good!

Can I ask a really thick question?

How on earth do you place an accumulator bet on BetVictor!? I don't know if I'm missing something really obvious. I know what bets I want to place, but I can't seem to make the site understand what I want it to do

I'm sorry I don't know the answer to your question @Otterses, I'm only on day 2 so far and am using Betfair Exchange.

I've had another good day here and waiting for the football results before today's profits are calculated.

However I've hit a (small) stumbling block. I did Coral welcome offer yesterday then today received my first reload offer from Coral - deposit £5 and wager on Sports/£5 free bet on Sports. The email said:-

Make a deposit and bet £5+ on Sports at odds of 1/2 (0.5) or greater within 72 hours
We’ll then credit your account with another £5 bet for Sports immediately.

So I placed my back bet on Sunderland v. Newcastle u21 on Sunderland to win at 1.36 (then layed via Betfair at 1.44). No free bet from Coral! I can't work out what I've done wrong? I think I've bet on a sport with the right odds and the email doesn't mention that I've to wait for the bet to be settled before receiving the free bet so why is it not there...? Any ideas please?

1/2 is over 1.5

@jjemimapuddleduck

I had the same offer a few days ago. I'm rubbish with understanding betting odds in the 1/2 format so always use an online converter. In your post, and my own email I got, it shows in brackets as 0.5. My odds converter has it at 1.5 for a 1/2.

I would contact them on live chat or the phone and ask them to review it as misleading. And then chalk it up to experience. Sorry.

Thank you so much everyone. How misleading!

I shouldn't have lost anything as I layed the bet so presumably I can deposit another £5, place another £5 bet using a back bet over 1.5 odds then receive the £5 free bet?

Another question - can you place a bet mid game using odds at that moment in time or does it have to be before the game starts please?

I agree it's misleading. Yes you should still be ok to use that offer and your other bet should still return enough to cover you.

Re in play betting. Yes - in theory. In practice, you would have to spot the deal, match the odds and stick it all through before they change. Something like a goal can be a dramatic change and vastly alter the odds. Ie Spurs to win, odds will change/jump if either team scores whilst you're lining up your bets. You need to be super confident I think.