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

always4lora said:
makes sense, i've done some of the sign up offers which i get i will make money from the free bets,do you just go to the menu then oddsmatcher and just keep placing bets on those with a profit next to them?
One on there you get £1 something profit, lots of betting to get the money up
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usually with your qualifying bet you make a small loss (say 30p). The bet with the free one (say you have a free £20) you should be looking for as close to the £20 as possible.
 
I stick to profitaccumulator and only use betfair and smarkets, but probably should sign up to others.

Only been doing it a short while, and only dedicate a few hours a week to it, but still nets me around £200 per month. It's good enough. A bit of pocket money.

I know you can easily hit £1k-2k a month doing the reload offers, accas and so on, but I just don't have the time.
 
Just trying to learn the MB terminology - I take it Yesbets has a beginners tutorial which should help?

Anyhow, what does accas mean?
 
glen8 said:
usually with your qualifying bet you make a small loss (say 30p). The bet with the free one (say you have a free £20) you should be looking for as close to the £20 as possible.
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Yeh i made a loss on them, biggest loss was something like 40p
Free bets should be in by tomorrow.
It gives me somethign to do whilst in the quiet period at work. Suppose its one of those things you start of slow with little profit and over time make more and more.


Freefaller said:
I stick to profitaccumulator and only use betfair and smarkets, but probably should sign up to others.

Only been doing it a short while, and only dedicate a few hours a week to it, but still nets me around £200 per month. It's good enough. A bit of pocket money.

I know you can easily hit £1k-2k a month doing the reload offers, accas and so on, but I just don't have the time.
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£200 a month is a good profit for a few hours a week. £1-2k a month is nuts. must be full timers to get that kinda money
 
Bet £10 get £20

Qualifying Bet

You bet on an event with your own money, laying it off at the exchange. This usually means making a small loss.

Bookies: £10 Man U to win
Exchange: £10 Man U not to win
Total: -£0.50

Bonus Bet

Because you have made a £10 bet, you now qualify to receive the free bet of £20

Bookies: £20 Man U to win
Exchange: £20 Man U not to win
Total: £19.50 Profit

Mug Bet

Your typical punters bet. Man U to win, Arsenal to win, Chelsea to win etc etc. Lay off of course, making a small 50p loss
Doing these avoids suspicion. If you are only ever placing big £25+ bets on high odd horses, the bookies will know what your up to.

Arb

In the unusual event the odds at the exchange are lower than the bookie. This creates extra profit, even when making a qualifying bet.
Risk takers can take a chance at backing a horse at high odds in the event it drops later in the day at the exchange. If it does, it can generate profit. Usually, it goes against you and you lose money.

Example

Bet £50 on a horse at odds of 10. Wait a few hours and hope the odds drop on the exchange. If they do, for example drop to odds of 7 you make £20 profit. If they go the other way, and climb to 12 you make a £9 loss. If you fancy a punt at this, have a strict stop in place. Never wait for the odds to come back to you. Take the hit and lay to minimise the loss.

Price Boosts

Love these. Bookies have enhanced odds from time to time. Chelsea to win by 3 goals or more boosted to odds of 11. The exchange is usually quite a bit lower generating an instant profit. This is the same as an arb bet.

Reloads

These are not guaranteed profit, and you will lose some money doing them. However, once you have built up a nice exchange balance and have some good knowledge of how match betting works this is without a doubt where the big profits are to be made.

William Hill High 5 - Back the winning horse and if it wins by 5 lengths or more get 25% of your winnings back as a free bet. If the horse comes 2nd by 5 lengths or more, get a free £25 bet. This is a great one, and can make £100+ per day! If you put £100 on a horse at odds of 4.0 (lay it off for as small a loss as possible say £3). If it wins by over 5 lengths you get 25% of the winnings as a free bet (meaning £100 free bet). If it comes 2nd by over 5 lengths you get £25 back as a free bet. Now these aren't easy to hit, but if you do all six races a day, even if you lose them all you are down £18. However, over time you will hit a fair few making hundreds in free bets. The maximum free bet is £100, so you can work out the best bet to make based on the odds. 6+ £50, 4+ £100, 2+ £200 etc etc If you lose five races, don't give up on the sixth. The amount of people I've seen do this, only to find they would have won is unreal.

What the experts don't tell you, is that they are doing these on multiple accounts and covering more horses. Don't always pick the fav either, 2nd or 3rd fav is a good choice. Look at the odds and you'll know which is a good one to pick.

Free £25 if your horse comes 2nd - These are worth doing. I usually go for the fav as it comes second more times than it wins lol it also means a smaller qualifying loss.

Paddypower 2nd to SP Fav and get free £25 bet - Don't do these unless there is a clear fav and a clear 2nd fav. The reason is that the fav only wins 33% of the time, so to get the free bet the fav has to win, and your horse has to come second. The horse you pick might also become the fav at the start of the race so your bet is instantly void of any free bets. It does happen, and if it's a low qualifying loss it might be worth doing. Don't spent loads of time on it.

Gubbing

This is when a bookie puts a restriction on your account. This could mean being limited to 50p bets, receiving no future offers or even account closure.

T&Cs

Read and re-read the T&Cs. Bets will have a minimum odds clause to enable the free bet. Usually around 1.5/1.8/2.0. Bets also have an expiry date, some as little as 7 days. Try to avoid bookies offering bonuses rather than free bets. They will have a wagering requirement. If your bet wins, your money goes out of your exchange and into the bookie as a bonus. This will need wagering before withdrawal. If subsequent bets win, you could end up in a situation where your exchange is empty. Bookies can also close your account and lose your bonus.

Tips

Don't try to emulate the success of people who have been doing it years. You simply haven't got the experience nor the exchange balance to try. Set nice small goals of £10 per day (that's like having a £5,000 payrise at work). You will read how people have made £200 in a day when you have made only £10. Don't get yourself down!

People make mistakes. Forget it, learn from it and move on.

Wait till you have done all the signups (should have around £1,000 by then) before looking at reloads. Take it steady!

Don't take risks!!! This isn't gambling and will bite you!
 
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always4lora said:
£200 a month is a good profit for a few hours a week. £1-2k a month is nuts. must be full timers to get that kinda money
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well there is a thread on profitaccumulator that has all the daily deals, that if you follow every day you can clock up over £1k a month easily. I would link to it but you need to be a member to read it.

There are many housewives actually that do it, and dedicate 2hrs a day to it. They suggest 2hrs a day every day will net you over £1k often £1.5k-£2k.

However, you do need to take on the more high risk offers, and accept that some months you will make less, and it is about accumulating overall profit. If you do all the reload and acca offers which will only net you £2.5-£5 per offer, do enough of them per day and it clocks up. Heck, do 5x£2.5 offers a day, that's already heading towards £400 a month - throw in some accas and some other offers you're doing well.

I just don't have the time. I do one or 2 bets a night.

The funny thing is, I know NOTHING about football, horse racing or anything. I just follow the instructions, and the logic. It all makes sense, you just have to learn not to look too deeply into it and not worry about who or why you're betting.

The only thing you have to be careful of is not getting your account locked - so you do need to accept that you will have to place a few mug bets now and again.
 
thanks for the info guys :) i got a message of the yesbets dude saying to do some mug bets

thanks glen8 for the info really helpfull :)
 
I really need to get into this, I can easily afford a few hours a night and even if it's only a few hundred quid it's got to be worth it. Free, tax free money.
 
glen8 said:
racinglaybets is nothing more than the roulette strategy applied to horses. Backed up by the fact that I heard yesterday their tip was against the second favourite on an event it is known to do well at.....and it came in surprise surprise. In fact, some of the better known sites had it down as the favourite. Why on earth did they tip such a good horse to lose? This is nothing more than gambling and has no place in this thread imho. Granted if they have access to years worths of statistical data piped through one of betfairs trading apps then I could 'maybe' see the point. They don't! and considering they email in the morning, they don't have enough time to watch the markets reaction to see where the moneys going.

1st Day £25 lay on Horse at 10/1 Loses +£25
2nd Day £25 lay on Horse at 10/1 Loses +£25
3rd Day £25 lay on Horse at 10/1 Loses +£25
4th Day £25 lay on Horse at 10/1 Loses +£25
5th Day £25 lay on Horse at 10/1 Loses +£25
6th Day £25 lay on Horse at 10/1 Loses +£25
7th Day £25 lay on Horse at 10/1 Loses +£25
8th Day £25 lay on Horse at 10/1 Loses +£25
9th Day £25 lay on Horse at 10/1 Loses +£25
10th Day £25 lay on Horse at 10/1 Wins -£250

Total = -£25

You need a constant long period of loses to make any money, so luck is involved. You might as well do the same thing on the roulette wheel by playing 90% of the board. You'd be done quicker without paying a £40 a month subscription.

Don't go chasing money guys, the people that do always come unstuck at some point. Play the long game, back and lay on the odds and take the small regular profits.

The times I have gambled, or overlayed bets on "sure things" is the time I have lost money. The big profits come from chugging away day after day on things like High 5s.
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You're right buddy, you're right.

BOTH their Lay tips WON today! LOL - thank **** for paper trading! So since I started paper trading with them yesterday 3/4 of their Lay tips won.

taking into account the odds - even if someone made money on all the other Lays they'd still be staring at very low profits and God help you if you followed them half way through their run.

I'll keep an eye on them but that's all.
 
it says im about £25 up yesterday, i get that you make a nice bit of profit straight away with the offers but can see it slowing down a lot once they dry up
 
ChrisD. said:
The money I've made through them says otherwise.
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To be honest I think the point that was being made was that a week or two week of "losses" could be completely wiped out with 1 or 2 real losses, at which point you have to decide how much you trust the tipsters that they will go on a winning streak again.

It's pretty much roulette as glen8 said, imagine someone had been doing £25 lays with that tipster, they'd have lost £500 yesterday! That's what, 20 bets?

I'm working my way through YesBets at the moment and up £120, haven't even scratched the surface yet, and the more I learn about all the offers that bookies have, it's actually turning out to be quite fun. Can't beat a bit of entertainment and making guaranteed profit along the way, not to say I will continue to do mug bets now and then, but now more likely with the bookies who offer good reloads to help prevent gubbing.
 
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ChrisD. said:
The money I've made through them says otherwise.
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They are not tipsters, they are frauds. It's the roulette strategy applied to horses. If you started on the 1st jan with £50 bets you would be down by a mouth watering £1,001.26

Answer me this....if they are great tipsters, why would they be telling people to lay a horse who is the timeform 5 star favourite?
 
Untwist your knickers lads. :D

I'm well over £1000 up in 9 months, I've lost some £500 bets here and there but I'm still well up from what I put in and with minimal effort. Had I held my nerve I would be about £5000 up now however I decided to cash out and pay some money to the tax man.

This is football though and not horses.
 
ChrisD. said:
Untwist your knickers lads. :D

I'm well over £1000 up in 9 months, I've lost some £500 bets here and there but I'm still well up from what I put in and with minimal effort. Had I held my nerve I would be about £5000 up now however I decided to cash out and pay some money to the tax man.

This is football though and not horses.
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ah ok, I'm talking about racinglaybets
 
think im about £80up at the moment, dont have quite enough in th exchange atm so waiting for a bet to clear before i put my next ones on
 
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