Matched betting - who's done it and who's good at it? (No Referrals)

Tosno said:
Just to confirm if my plan for the BET365 in play offer is correct.

I bet £50 on Chelsea draw no bet pre-match @ 2.62
I bet £50 on Man city to win in play @ 2.10

If Chelsea win I get £131.25 plus £50 in play bet back
If Chelsea and Man city draw I get £100 back
If Man city win I get £105 back

So £81.25 / £0 / £5

or is there a better way to do that?
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What are you laying the bets off for at the exchange? Plus you say you'd get £131 from a Chelsea win but you don't have a bet on for Chelsea to win. In your scenario you'd be £50 down if Chelsea win.

You should be calculating the "risk free bet" as SNR so you make a £35-£40 profit no matter the result.
 
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I am so tempted by this bet365 offer but it just seems like a load of money up front which although I know how to do it still makes me uncomfortable. I need £100 in bet365 (yet to sign up for) and quite a lot in betfair to lay this off. With my other bets layed off in betfair for today I have £170ish in there so I am definitely going to need to deposit more there as well.

*edit*

I will skip this one this week, they are doing it for every big game so I will build my bank back up in betfair before attempting this one to limit the amount of money I need to deposit to make this.
 
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amigafan2003 said:
What are you laying the bets off for at the exchange? Plus you say you'd get £131 from a Chelsea win but you don't have a bet on for Chelsea to win. In your scenario you'd be £50 down if Chelsea win.

You should be calculating the "risk free bet" as SNR so you make a £35-£40 profit no matter the result.
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Draw no bet on Chelsea means if they win the bet wins but if they draw the bet is voided and the stake is returned.
 
Tosno said:
Draw no bet on Chelsea means if they win the bet wins but if they draw the bet is voided and the stake is returned.
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So are you laying the bets off?

FeFiDoh said:
I am so tempted by this bet365 offer but it just seems like a load of money up front which although I know how to do it still makes me uncomfortable. I need £100 in bet365 (yet to sign up for) and quite a lot in betfair to lay this off. With my other bets layed off in betfair for today I have £170ish in there so I am definitely going to need to deposit more there as well.

*edit*

I will skip this one this week, they are doing it for every big game so I will build my bank back up in betfair before attempting this one to limit the amount of money I need to deposit to make this.
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You shouldn't be doing ANY reloads until you've done that bookies sign up offer, had the account open for a month and done about 15 to 20 mug bets with them - if you don't do this you'll be limited very quickly. I mug bet all my accounts at least once a day - I've not lost an account yet.

With bet365 you need about £1000 in your exchange account + £200 in your bank to be comfortable completing the sign up offer. There is a reason it's last on the list on PA ;-)
 
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Tosno said:
It's one avenue I was thinking off without laying, or is it better to pre match man city, lay city and bet Chelsea in game?
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Well, if you're not laying it off, then that's not matched betting - which isn't really what this thread is about.

But yeah, I've bet and laid City to win (min qual loss), then I'll bet high odds in game and lay off as SNR - that's the gaurnteed profit route.

I wouldn't bet on city to win and use the risk free bet for chelsea to win - they don't like "covering" and could see you limited. They're more tollerant of wins + draws or even better - find a good market match - something like HT score etc.
 
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amigafan2003 said:
Well, if you're not laying it off, then that's not matched betting - which isn't really what this thread is about.
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I must be speaking another language then since the way I said it was impossible to lose a penny as all out comes are covered. Only three options +£81.25 profit if Chelsea wins. £0 if draw (draw not bet refund and in play refund) or +£5 city win. I asked advice if this is the most profitable option or is there a better way using exchange.
 
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Tosno said:
I must be speaking another language then
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Your example is a +EV offer - that's not matched betting.

Matched betting is about locking in the same gauranteed profit no matter the result. If Chelsea lose, draw, win or win by 2 goals to zero - the profit will be the same with a matched bet.

Tosno said:
or is there a better way using exchange.
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Yes - I've given an example above.

Another example - with the sky free bet (bet £20, get £10 in play) I bet on Wolves to win and layed against for a 20p loss. I've just used the £10 freebet to bet FT score 1-0 @ 6.5 and layed at 6.6, giving total profit from the free bet of £7.76 no matter the result.

Notice both bets at the bookies back Wolves to win - I wouldn't for example use the qualy bet for Wolves to win then use the free bet on a 0-1 FT score (i.e. Hull to win).
 
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You can probably make between £500 - £1000 before you then run out of offers. Make sure you read up on the terms and conditions for each bookie before you start though.
 
I have gone with betting £50 on city to win @ 2.1
Laying city @ 2.18
In play I will bet £50 on Chelsea
 
Tosno said:
I have gone with betting £50 on city to win @ 2.1
Laying city @ 2.18
In play I will bet £50 on Chelsea
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The odds wont be very high on chelsea to win - you want your risk free bet to be higher odds to maximise profit.

In play chelsea to win @ 2.2 and laying off at 2.3 for example only gives £25 profit (assuming the odds don't go higher because of a goal by city etc).
 
Right 1st qualifying bet done (reading v leeds game - potential lose of 23p) with Corals - got the £20 free bet which I'm looking at now.

I work from home so hoping to do this each day and will keep a spreadsheet of it if anyone is interested.

Right free bet done - £20 corals - Miss Sassypants - 3.30 @ Southwell. (£20 on @ 6.0 win - layed on betfair @ 6.4) - Profit of £14.95 or £14.96 whatever happens.
 
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my brain has had it today, so with my £50 bet and lay on city, in play I should bet £50 on Chelsea and lay it as normal?
 
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amigafan2003 said:
Sorry - I misread.

So you're going to bet on city to win with your qualy bet and bet on chelsea to win with your risk free bet?

Don't do that - that's inviting your account to be limited - bookies don't like you "covering".

Just follow the PA guide - http://www.profitaccumulator.co.uk/reloads-bet365-50-free/ and lock in a £35 - £40 profit.
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I don't have an active membership to read the guide.

What should I do in my case. I have already bet £50 on city to win and layed it
 
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Tosno said:
I don't have an active membership to read the guide.

What should I do in my case. I have already bet £50 on city to win and layed it
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Find an inplay bet at high odds that agrees with your initial bet (i.e. FT score 2-0 to city) and bet and lay that. Calculate as SNR (stake not returned) - if you can't find a close odds match, wait until 5 mins into half time when the odds will stabilise.

I take it you've done a bit of mug betting with bet365 before this offer?
 
amigafan2003 said:
Find an inplay bet at high odds that agrees with your initial bet (i.e. FT score 2-0 to city) and bet and lay that. Calculate as SNR (stake not returned) - if you can't find a close odds match, wait until 5 mins into half time when the odds will stabilise.

I take it you've done a bit of mug betting with bet365 before this offer?
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With 365 I've only done the sign up offer for £200 (rolled over) and £50 (exchange win) for mobile :o
 
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