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Original poster

Matched betting 2019

734 replies

thefavourite · 18/03/2019 21:56

Continuation of matched betting chat from earlier thread...

OP posts:
Thread gallery
11
Gammeldragz · 31/03/2019 18:56

itsabongthing I couldn't do this without Oddsmonkey and all their tools and forum, easily pays for itself with average half a day's earnings!

ThroughThickAndThin01 · 31/03/2019 18:56

Gamm - I’ve been doing the no lay, each way all weekend. Mixed results but I’m only investing £5 😀. (£2,50 win/£2.50 place). Any tips?

ThroughThickAndThin01 · 31/03/2019 19:02

And why isn’t each way no lay not for beginners? I keep seeing that but it’s easy not laying surely?

Gammeldragz · 31/03/2019 19:49

Because you need a big bank to ride the variance and it isn't guaranteed profit. My bets range from 50p to £2 each way depending on odds. Yesterday I was down £35, today up £45.

ThroughThickAndThin01 · 31/03/2019 19:53

I see. I do like not laying, but would struggle if it was large amounts I was betting, in effect. On a different subject I actually had a 5th place horse come in today on extra place betting, first time in ages .

Gammeldragz · 31/03/2019 20:00

Well you're betting higher stakes than I am, but I was on 35 races yesterday!

ThroughThickAndThin01 · 31/03/2019 20:02

I was on about four today! I need to Up my game Grin

DonkeyScramble · 31/03/2019 20:11

Are you not laying at all or just laying the win part?

Gammeldragz · 31/03/2019 20:29

I'm not laying at all. Bets range from 50p to £2 EW depending on odds. Expected ROI is 15% so for every £100 worth of bets should make £15, I'm trying to work up to that much a day but can't do it every day.

Gammeldragz · 31/03/2019 20:32

Today was quiet as not many races, I was on 24 I think. Stakes a total of £78 ish.

Original poster
thefavourite · 31/03/2019 22:13

Hello everyone!

I'm here to report a £150 profit this week, yahoo! I was trucking along at £8-£10 p/d until Friday, then I've had a great weekend! I'm absolutely thrilled. I aim for £100 per week (saving specifically for a few things so have a target and timescale to meet) so I am delighted.

I have made enough over my target to pay an annual OM membership this month instead of a monthly fee (saving £66) so I am really committing myself to this now! It'll be really nice to know its paid for for the year.

I am looking forward to the lead up to the Grand National this week.

OP posts:
outreach29 · 01/04/2019 08:09

Just had a notice through from Sporting Bet on email for free click card - did it and got 5 free spins - won £6.70 - and then had to wager through that x10.

Did that on God of Storms and ended up able to withdraw £17.80 - not bad and all before 8am.

Always worth doing the free offers from BWIN and Sporting Bet

Fluffycloudland77 · 01/04/2019 08:36

I never get anything of bwin so you’re doing better than me.

I changed banks so my oddsmonkey subscription didn’t go out. I’m going to do a £1 trial of someone else later and see if there’s anything better out there.

Golden0ldie · 01/04/2019 09:18

No more Bwin wheel spin which is a pity as all the pennies with the odd few pounds added up.

ceecee32 · 01/04/2019 09:42

Been doing this for 2 months now - used bonus bagging and the follow up profit maximiser which as far as I know is a one off fee.
Happy to announce a £500 profit :)
Have lost about £40 or £50 on slots so staying away from those for now although some seem to make a lot of money from them.

I have been sticking to the bet x get x things but need to move on from there now and trying to get my head around 2ups, golden goals and acca's .

I know some have made an awful lot more than this but I would prefer to be slowly slowly until I know what I am doing.

itsabongthing · 02/04/2019 14:19

Hey guys, I think I need some urgent help!
As I mentioned upthread I'm trying to get back into MB having done it a basic level a few years ago.

I have blindly followed an offer suggestion from FreeBets4All but it's not making sense to me and I'm worried I've messed up. Here's the instructions I got in the email:

"Make £157.52 guaranteed profit from the Match Book £10.00 refund offer
By placing this bet you will guarantee a total of £157.52 profit from the £10.00 Match Book first-bet-refund offer. You will need a total of -£116.02 to place this bet but don't worry; this money will never be at risk and will be returned along with your £157.52 profit.

Wolves v Man Utd

Tuesday, April 2, 2019 6:45 PM
Wolves
BACK 4.15
LAY 4.20

Deposit £10.00 into your Match Book account
You will need -£126.02 in your Betfair account"

I've followed the instructions, but I can't work out how I will be ok if Wolves win. If they win I think I will win £31.50 at matchbook but lose my £126.02 liability at Betfair?? Crap!!

Normally you only make around £7-8 from a free £10 bet, don't you. Should have thought this was too good to be true!

I don't understand this bit in my freebets4all email:

"... If Wolves wins you will make £31.50 profit from the bet in Match Book and lose the -£126.02 liability in Betfair, leaving you with an overall profit of £157.52
... If Man Utd wins or the match is a draw, you will make £157.52 profit in Betfair (your -£39.38 lay stake minus 500% commission) and lose nothing in Match Book as the stake will be refunded, leaving you with an acceptable loss of £157.52."

Can anyone shed any light on this and whether I will be ok, or if I can do something to mitigate losses??

When I crunch the numbers into the normal calculator it suggests a much smaller lay at the exchange.

itsabongthing · 02/04/2019 14:42

@thefavourite
@ceecee32

itsabongthing · 02/04/2019 14:47

Shit.

I think I’m going to have to try and cancel out my lay bet but laying some other bets elsewhere.
I thought freebets4all was trustworthy but I think they have given me terrible advice!

DonkeyScramble · 02/04/2019 15:35

That doesn't make any sense. The liability on a £10 bet at those odds is only £23-32 depending on whether you lay as a trigger or FB.

itsabongthing · 02/04/2019 15:41

The bet at the bookies is refunded if I lose.
Yes I think it’s an error in the email, and I should have checked before blindly following it.

Question is how can I limit my losses now.

itsabongthing · 02/04/2019 16:11

Phew, ok sorry everyone panic over.
I am convinced now the advice in the email from freebets4all was rubbish so beware any other beginners!! On the upside, it has come back to me how it works.
I think I have salvaged the situation and if my calculations are right, the worst that will happen is if wolves win I will lose £3.11 overall and if Man U win or it’s a draw I’ll gain £17.75 overall.

I’ve placed further bet at different bookies (including another one where the stake is refunded if you don’t win) to off set my lay bet.

Gosh that got the heart beating!!

As long as my two refund offers come through if wolves lose I should be ok I think.

Miltonroad · 02/04/2019 16:15

I don’t understand how you’d make so much from a 10 bet. I’ve seen enhanced sign ups with inflated odds but nowhere near high enough to make that. I had a quick look at that website and their links appear to be affiliate ones so be careful as the bookies will know where you came from. Glad you got it sorted

itsabongthing · 02/04/2019 16:42

I know, I can’t believe I was so stupid and rushed it without double checking it in a calculator myself (I didn’t want the odds to change).

I remember now that the maximum you can normally hope for is 85% or so of a free bet.
They must have a glitch with their automatically generated offer emails. Or they understand less about lay betting than I do!
If I was a genuine beginner I would be standing to lose £100+ tonight and it could have been worse as the first ‘offer’ they sent me the figures were more like £500.
Just hope other people don’t get caught out.

itsabongthing · 02/04/2019 16:43

And I’ll be sure not to click through to any more bookies from their site, thanks for the tip off.

bluemumsbluedog · 02/04/2019 19:48

@ceecee32 is bonus bagging worth paying for? I've started with team profit guide but wondering about spending money on this as it's cheaper than odds monkey?