Active discussions

Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Talk
Relationships

Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

Original poster

Matched betting

29 replies

sweets4u · 05/02/2020 22:01

My boyfriend told me he's started matched betting...which would be fine ( I think as I know nothing about it) except he's used £500 of the savings he had saved towards our holiday. It's a booked holiday and we need to pay the deposit by June. He says he has already made £200 so now has £700
I mean that's all very well but I'm pissed off he just told me when he did it a ' few days ago' I'm also contributing and like he said it's ' his money' ( we don't live together yet but plan to) his past history he's been very bad with money choices ( investing money in money making schemes that have all failed and he has ended up in debt) which we've sorted and moved on. But tonight I've got very upset to then his reaction is I'm a bitch and gets nasty - defensive
He cant see why I'm upset
Anyone give me some reassurance that this matched betting is ok?! Don't think im being unreasonable? Especially after in the past he's got into debt and I have a lot to think about and we only started talking about moving in together last weekend
Just think he could at least told me - not asked me or anything just out of respect as that money he told me he would save and pay for part of the holiday (I work part time and he's full time and he's always paying his way, if more more kind of thing )
Your thoughts would be very much appreciated x

OP posts:
Fluffycloudland77 · 05/02/2020 22:21

I do matched betting. Is he using a mb service like profit accumulator or odds monkey?.

eatwhatyouwant · 05/02/2020 22:25

Matched betting is very very risky, not quite as risky as a normal bet, however all it takes is an unexpected price jump by one of the bookies and before you know it you are chasing your losses.... I think we all know what happens next.

I have indulged in similar 'get rich quick' type systems in the past and some have started off well, however each and every time I ended up losing after a couple months and pumping more cash in to try and limit the damage...

I mean surely if this 'matched betting' was so low risk and profitable, everyone would be quitting their jobs and doing it?

My advice would be to read about matched betting and once you have the facts, discuss it with him, right now he is using your lack of knowledge on the subject to pull the wool over your eyes whilst he gambles away your savings!

ClientQueen · 05/02/2020 22:26

Matched betting is not very risky at all, providing you are following the rules and using a MB service
I do matched betting and also low risk casino

MaraScottie · 05/02/2020 22:29

MB is absolutely not risky. You need to be careful and pay attention to what you're doing but I definitely wouldn't classify it as high (even medium) risk.

HeavenlyEyes · 05/02/2020 22:33

it is not risky at all if you do it right!

ClientQueen · 05/02/2020 22:37

If it helps, when there was a big racing day I used all my matched betting "bank" and was confident enough to also "borrow" £1500 of my wages in order to return more profit
Technically not advised for matched betting as the idea is you start small and the bank builds up but I've been doing it over a year and made one small mistake which cost me about £10
It is a bit terrifying if I think I have say £2000 tied up on football Grin and that's not a small amount of money to me, but it works and it's pretty simple

holte · 05/02/2020 22:38

MB is an easy and safe way to make money .

safariboot · 05/02/2020 22:50

Provided he doesn't cock up he won't lose his money. It's just it helps to have some starting cash. There's threads on the topic here. I'm £250 up since mid-December myself.

But it is possible to make mistakes. Placing the wrong bets, getting scammed by fraudulent bookies, wrongly evaluating offers that have risk.

I also feel the companies selling software to help you matched bet exaggerate the earnings you can realistically make.

Original poster
sweets4u · 05/02/2020 22:57

Ah ok so not as bad as I thought
Maybe because of his past experiences with debt and making the wrong decisions I've panicked
However his reaction to me, getting angry and calling me a bitch, being disrespectful and the sneering he did to me tonight is not ok! But guess that's another issue 🙄

OP posts:
twirlypoos · 05/02/2020 23:00

@eatwhatyouwant I don’t think you understand match betting. It’s not a get rich quick scheme Hmm There is little risk and it’s possible to make thousands.

LaurieFairyCake · 05/02/2020 23:18

Is there a matched betting service where you just give money and they do the betting?

I seem to remember being in a group at work that did something similar about 15 years ago

Original poster
sweets4u · 06/02/2020 07:05

Ok so I get matched betting isn't what I thought and he did say I shouldn't get annoyed on something I know nothing about but the point is, in the past he used our savings into bitcoin and didn't tell me. I was fuming because it was my money too. This time where we have sat down and talked and even when to counselling to see if we could get through our problems we've been getting on really well. But he's also got into so much debt in the past I was worried he is now going to lose our holiday money
We've booked a couple because I thought we were getting there and have this payment plan to get it paid off by the time we go
I've used my bonus money to pay a big chunk of it and he said he would pay £1200 which is the remainder.....now suddenly £500 has been used but not to worry as he will pay it back
Like I said it's how we was after to me
Exactly like he used to be with me
Nasty, shouting and calling me a bitch
So I made him leave as I didn't want him to wake lo
Now I've not slept laying here feeling horrible

OP posts:
Original poster
sweets4u · 06/02/2020 07:07

And the money before was for house savings deposit and we never was able to buy a house ( not coz or that because of his money making decisions overall in the end ) it split us up, we then decided to give it another go and it's been nearly a year and I thought things were looking up

OP posts:
HeavenlyEyes · 06/02/2020 07:55

so he is a gambler and takes risks and your money

I wonder why you are with him. And an abuser too. You need the Freedom Programme and to find your self esteem. And you need him to give you back your money

furrytoebean · 06/02/2020 08:55

I did matched betting and it worked great, I made about £300 in two weeks with very little effort.
But then you use up the intro offers and it gets trickier and I just lost interest and couldn't be arsed.

HOWEVER I think matched betting could be very risky if you are a gambler, not because the matched betting itself is risky but more that you are on those site's, you're getting that little high from winning and I could absolutely see how it could be tempting to just have a little flutter.
It's not a risk if you're not a gambler but if he's got issues with gambling I would be concerned.
There's a reason they do the intro offers, because gambling is addictive and one bet turns into two.

If he's a got a clinical mind and risk adverse let him crack on but it doesn't sound like that to me.

furrytoebean · 06/02/2020 08:57

I mean surely if this 'matched betting' was so low risk and profitable, everyone would be quitting their jobs and doing it?

It is low risk. But the intro offers dry up quickly and it becomes a faff and tedious after that.

I actually do know someone who quit his job and does it full time so he can look after his baby but he says it's boring and irritating work.

Original poster
sweets4u · 06/02/2020 08:58

Sorry might have worded wrong, was early and using phone to type
This was last year, we were saving for a house and he used OUR savings for that but coin. We split over money issues and his way he talks to me, we got got back together after taking it slow, counselling and I thought we were getting somewhere?
And he does all this schemes because his intention is that he will make a return but the thing is, he doesn't. And once you make a mistake you need to learn from them ? This is why I'm so cross about this matched betting and maybe not because of what it is as it seems from everyone's responses it's actually a good way of making money but it's because it's him if that makes sense ?
Well because of the counselling I guess and taking it slow, promises he will communicate with me and not call me a fucking bitch
I don't show and swear at him
He begs and pleads and I only took him back if he agreed to counselling which to be fair he initiated
Bit guess you can say anything in front of a counsellor and it sounds good I guess

OP posts:
HeavenlyEyes · 06/02/2020 09:05

I used to match bet full time - about £2K per month. Offers do dry up and you get gubbed too.

Op - never ever get joint counselling with an abuser. Why do you accept him swearing at you and calling you a bitch?

Original poster
sweets4u · 06/02/2020 09:10

@furrytoebean yes EXACTLY that, I totally agree it's a risk for him.

@HeavenlyEyes well I guess I didn't I told him to leave my flat which in hine sight I wish I didn't as lo was asking where he was this morning and just lied he went to work earlier
So felt terrible
Wish I kept things normal for her and then said this morning his behaviour isn't on
How HEs sulking and kicking his wounds
Always messages, always calls on way to work and nothing
Pathetic

OP posts:
yesterdaystotalsteps123 · 06/02/2020 09:11

I know nothing about gambling apart from being married to someone who denied and minimised it. We've split up and he owes me thousands. He never had money for house or car repairs. Don't be me. He hid betting slips in his work bag, socks, notebooks maybe have a good rummage. Stealing your money to gamble and calling you a bitch when you hold him accountable. Fuck that it's not worth it

Original poster
sweets4u · 06/02/2020 09:12

Just thought joint wouldn't be better so he could see from another's point of view and as I say I did think it was working x

OP posts:
Original poster
sweets4u · 06/02/2020 09:14

And I guess so it wasn't one sided somewhere where we could both talk openly

OP posts:
yesterdaystotalsteps123 · 06/02/2020 09:17

Research abusive behaviour which you've described. Read why does he do that. Watch some Stephanie Lyn coaching videos on YouTube. He has verbally abused you, stolen your money, lied, abused your trust and now he's sulking to instigate the FOG (fear, obligation, guilt). You are in an abusive relationship.

AttilaTheMeerkat · 06/02/2020 09:36

"Just thought joint wouldn't be better so he could see from another's point of view and as I say I did think it was working"

That was naïve thinking on your part here. Joint counselling is never recommended where there is abuse of any type within the relationship. He likely manipulated the counsellor in this session as surely as you have been manipulated by him, he told that person what he/she wanted to hear.

If its not bitcoin it would be gold mining, matched betting, horse racing or some other supposed get rich quick scheme. The man is abusive to you and is too an inveterate gambler. I suppose he has always told you that he will quit totally once he gets the win, the next big win that for him is always around the corner. It never happens.

You've already separated once from him, please remain separated from him for good this time. And please work on your boundaries and self worth here; both are messed up big time by him and perhaps also what you learnt about relationships when you were growing up. Value yourself more and love your own self for a change. Also enrol yourself onto Womens' Aid's Freedom Programme

Original poster
sweets4u · 06/02/2020 11:08

Thanks everyone - you really opened my eyes and I'm very sad that I've let this happened. I'm going to go for some counselling by myself. X

OP posts:
Please create an account

To comment on this thread you need to create a Mumsnet account.

Join Mumsnet Log In

This thread is closed and is no longer accepting replies. Click here to start a new thread.

Swipe left for the next trending thread