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Deiwos said:
Yup Coral is SR
I'm sick of emailin 20+ members so here it is......MATCHED BETTING by anksta
- Thread starter anksta
- Start date
Yup Coral is SR
Ok seems some people are havin a few problems, looks like the second string of people to read this thread are thinkin about havin a go now, I'll try and go through each problem again.
Tray and aim for odds much higher than 2 for a start anythin above 3 is better, if you can't find any then so be it but if you can, try and aim for bets with less chance of you winning your bet at the bookie as this will make it easier for future bets.
The bet you are laying at betfair is a bet that any specific outcome wont happen, i.e. anythin but. So if you are layin United you are betting that whatever happens, they wont win (in reality you are just letting someone else bet you that they will win but this is a better way of explainin it).
I dont know where you got the "get half from both sides" but its more important you don't think like that because any misunderstanding can lead to losing money, which we wouldnt want.
Say if you bet and lay United to win, if they win then you'll collect at the bookies and pay out the liability at betfair. If they lose or draw then you will lose your stake at the bookie and receive whatever you laid at Betfair.
Arbitrage bets are very very rare, and even more rarer at the kind of percentage you were talkin about. They normally yieled less than 110% so although they are extremely good bets, its not likely that they are gonna bump your profit more than a couple of quid. Good on you if it is right and well done, thats just lucky but its worth checking and double checking and triple checking you have the numbers right as gettin them the wrong way round might lead to disaster.
If its just a couple of bits you arent gettin then post them on here and I'll try and iron out the specifics. If its the total concept you're stuck on and can't get your head round why profit is possible at all then add me on msn and we can go through it bit my bit.
If you are playing with the bog standard £10 sign up bonus offer then it is SR, whenever it doesn't say in the t&cs "stake is not included in payout" or similar then normally you can assume this to be SR.
However, and this is a big however, if you are using the signup offer that I was not aware of until someone posted it entitling you to a £50 bonus then I would go through the t&cs and possibly email them to clarify as I doubt it will be SR with it being such a big bonus.
Phew, hope that helped everyone, I go out for a few hours.....
Burly said:
Tray and aim for odds much higher than 2 for a start anythin above 3 is better, if you can't find any then so be it but if you can, try and aim for bets with less chance of you winning your bet at the bookie as this will make it easier for future bets.
The bet you are laying at betfair is a bet that any specific outcome wont happen, i.e. anythin but. So if you are layin United you are betting that whatever happens, they wont win (in reality you are just letting someone else bet you that they will win but this is a better way of explainin it).
I dont know where you got the "get half from both sides" but its more important you don't think like that because any misunderstanding can lead to losing money, which we wouldnt want.
Say if you bet and lay United to win, if they win then you'll collect at the bookies and pay out the liability at betfair. If they lose or draw then you will lose your stake at the bookie and receive whatever you laid at Betfair.
hungryhungry123 said:
Arbitrage bets are very very rare, and even more rarer at the kind of percentage you were talkin about. They normally yieled less than 110% so although they are extremely good bets, its not likely that they are gonna bump your profit more than a couple of quid. Good on you if it is right and well done, thats just lucky but its worth checking and double checking and triple checking you have the numbers right as gettin them the wrong way round might lead to disaster.
sniper007 said:
If its just a couple of bits you arent gettin then post them on here and I'll try and iron out the specifics. If its the total concept you're stuck on and can't get your head round why profit is possible at all then add me on msn and we can go through it bit my bit.
Deiwos said:
If you are playing with the bog standard £10 sign up bonus offer then it is SR, whenever it doesn't say in the t&cs "stake is not included in payout" or similar then normally you can assume this to be SR.
However, and this is a big however, if you are using the signup offer that I was not aware of until someone posted it entitling you to a £50 bonus then I would go through the t&cs and possibly email them to clarify as I doubt it will be SR with it being such a big bonus.
Phew, hope that helped everyone, I go out for a few hours.....
Soldato
tobias123 said:
If it doesn't state in the T&Cs that your stake in returned consider it SNR.
Corals and Sporting odds are the major bookies that do SR signup bonuses as they are just account credits.
I've followed this thread from the start and am surprised at the amount of people who are diving straight in without fully understanding whats going on. There is a lot of money to be made from this game (I quit my job and do this full time) but please please please understand what you are actually doing, otherwise you could end up in a right mess.
There are varoius guides on money saving expert and rpoints, as well as people willing to answer any questions pretty much 24/7
As for the bonuses, make sure you read the T&C's. A lot of bookies have minimum odds requirements, and also turnover requirements (Betfred requires min odds of evens (2.0) or over for instance).
One tip for you at betfair is to turn on your profit and loss expectancy. This allows you to see your liability and potential profit, net of comission, before you confirm bets. Log into betfair, browse to any market, click options just above the market and tick "Show profit and loss", "Display P&L net of comission" and "Display what if figure"
When looking for arbs, why not actually take an arb rather than losing out? It makes me cringe seeing you guys losing £2-£3 to get a free bet, then only extracting 70% of it
. There are plenty out there, more when the footy season is on. If you use this site http://odds.bestbetting.com you can find virtually every event that is on, and odds for all the major bookmakers. Its far easy looking for proper arbs that lose you no money, and you can check all the bookies in one go, bonus if you are signing up to a few at a time.
If you can afford to get ~ £1000 in betfair then do it. Larger odds offer a bigger return on your free bets when matching out, and don't just take the first thing you see such as 6/7, check ht/ft and correct score markets. These are the best ones for matching out free bets.
As for quidco don't hold your breath. They are notorious for not tracking signups. You can get cashback for some bookies at rpoints as an alternative.
Anyway, I've said my bit
so I'll let you carry on. Have fun and play safe 
I've followed this thread from the start and am surprised at the amount of people who are diving straight in without fully understanding whats going on. There is a lot of money to be made from this game (I quit my job and do this full time) but please please please understand what you are actually doing, otherwise you could end up in a right mess.
There are varoius guides on money saving expert and rpoints, as well as people willing to answer any questions pretty much 24/7
As for the bonuses, make sure you read the T&C's. A lot of bookies have minimum odds requirements, and also turnover requirements (Betfred requires min odds of evens (2.0) or over for instance).
One tip for you at betfair is to turn on your profit and loss expectancy. This allows you to see your liability and potential profit, net of comission, before you confirm bets. Log into betfair, browse to any market, click options just above the market and tick "Show profit and loss", "Display P&L net of comission" and "Display what if figure"
When looking for arbs, why not actually take an arb rather than losing out? It makes me cringe seeing you guys losing £2-£3 to get a free bet, then only extracting 70% of it
. There are plenty out there, more when the footy season is on. If you use this site http://odds.bestbetting.com you can find virtually every event that is on, and odds for all the major bookmakers. Its far easy looking for proper arbs that lose you no money, and you can check all the bookies in one go, bonus if you are signing up to a few at a time.If you can afford to get ~ £1000 in betfair then do it. Larger odds offer a bigger return on your free bets when matching out, and don't just take the first thing you see such as 6/7, check ht/ft and correct score markets. These are the best ones for matching out free bets.
As for quidco don't hold your breath. They are notorious for not tracking signups. You can get cashback for some bookies at rpoints as an alternative.
Anyway, I've said my bit
so I'll let you carry on. Have fun and play safe 
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Thanks smokes, seems useful advice. I have quite a bit of capital knocking around online bank accounts as I worked for a year before uni and saved a lot of it, by using it to lever better returns out of bets (matched bets obviously, im not going to gamble away my hard earned) it makes a much better investment than a 5.meh% ISA! I'm still not absoultely sure that I see it making a profit in the long run though, could I just take you through an example to see if I understand correctly?
Here's my take on how arbitrage works : Say you find a bet with odds of 7.0 and lay odds of 6.0 You place £100 on each. This involves taking £100 of your own money and putting it in the bookie account. If the bookie wins, you end up with £700. At the exchange, you are on -£500. Of this £200 difference, £100 goes into reimbursing yourself for the initial bet, and you end up witha profit of £100, but with comission to betfair this ends up being about £80 profit. Is this right?
But if the lay wins you simply break even, except for the £5 comission you owe to betfair.
However, as the bookies know, option 2 is 7 or 8 times more likely to happen than option 1, meaning that to stand a chance at winning the £80, you'll have lost others like it several times, and hence payed out £40 in comission. It seems a smal earning over a long period of time, with pretty high liabilities which leaves you open to costly mistakes in the future, even before bringing into account the fact that arb bets are hard to find.
However.. I may have made a mistake somewhere. Smokes does what I say above seem about right? thanks again
Here's my take on how arbitrage works : Say you find a bet with odds of 7.0 and lay odds of 6.0 You place £100 on each. This involves taking £100 of your own money and putting it in the bookie account. If the bookie wins, you end up with £700. At the exchange, you are on -£500. Of this £200 difference, £100 goes into reimbursing yourself for the initial bet, and you end up witha profit of £100, but with comission to betfair this ends up being about £80 profit. Is this right?
But if the lay wins you simply break even, except for the £5 comission you owe to betfair.
However, as the bookies know, option 2 is 7 or 8 times more likely to happen than option 1, meaning that to stand a chance at winning the £80, you'll have lost others like it several times, and hence payed out £40 in comission. It seems a smal earning over a long period of time, with pretty high liabilities which leaves you open to costly mistakes in the future, even before bringing into account the fact that arb bets are hard to find.
However.. I may have made a mistake somewhere. Smokes does what I say above seem about right? thanks again
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Associate
Okay another question
If i use my credit card to deposit £100 into a casino, leaving me -£100 on the credit card.
I then double my money and withdraw it. Meaning my credit card (bank of scotland one account) should be +£100
Is it possible to be in the + in a credit card? online only shows me my balance and never a statement, so i don't know if all my winnings are going to go into my credit card account, can't check either since i cant view the statement and they haven't been deposited yet.
If someone could clear this up for me i would be very greatful
P.s (£189 profit from 3 casinos and about 4 hrs work)
If i use my credit card to deposit £100 into a casino, leaving me -£100 on the credit card.
I then double my money and withdraw it. Meaning my credit card (bank of scotland one account) should be +£100
Is it possible to be in the + in a credit card? online only shows me my balance and never a statement, so i don't know if all my winnings are going to go into my credit card account, can't check either since i cant view the statement and they haven't been deposited yet.
If someone could clear this up for me i would be very greatful
P.s (£189 profit from 3 casinos and about 4 hrs work)
Smokes you seem to have done a fair few by now can I ask you some questions?
How can you sustain this as a job? Fair enough you could support yourself but unless you run monthlie casinos through you would eventually run out of bookies. I know there are plenty to work through for quite a while but at some point they must run out?
Also, have you got a runnin total on how much your upto?
How can you sustain this as a job? Fair enough you could support yourself but unless you run monthlie casinos through you would eventually run out of bookies. I know there are plenty to work through for quite a while but at some point they must run out?
Also, have you got a runnin total on how much your upto?
Soldato
bolger said:Okay another question
If i use my credit card to deposit £100 into a casino, leaving me -£100 on the credit card.
I then double my money and withdraw it. Meaning my credit card (bank of scotland one account) should be +£100
Is it possible to be in the + in a credit card? online only shows me my balance and never a statement, so i don't know if all my winnings are going to go into my credit card account, can't check either since i cant view the statement and they haven't been deposited yet.
If someone could clear this up for me i would be very greatful
P.s (£189 profit from 3 casinos and about 4 hrs work)
I'm fairly sure it's fine with Visa, I don't think you can with Mastercard, however when I rang Sportingbet a few weeks ago they said they thought it would be ok, but I ended up doing a bank-transfer instead just in-case.
Morning
Hungry, yes you are right and the way you have described it is the way I changed to do arbing. I used to fully match out my bets so I made a profit whatever happened, but this just made me pennies. You are basically underlaying a bet fully so that if the bet doesn't win you break even (lose stake at the bookies but win the stake back at betfair) but when the selection wins, you have hedged you bets so profit is vastly improved. Once you start using betfair more, you start earning more points and this drops down the comission level you are on so you pay less in fees = more profit http://promo.betfair.com/news/pc/temp_wv_pc.html Its the table on the right for your discount level
You will be surprised how many 6/1 shots win especially in horseracing (but for your own benefit I recommend you guys steer clear of horse racing for the time being) If you get on a football arb it actually make it a bit more exciting waiting for the results to come in to see if you have made an extra few quid on top of beating the bookies at the same time
You can get live score from here http://www.xscores.com/LiveScore.do
Anksta, although I do go for bonuses, I actually arb for a living, bonuses are just, well, a nice bonus I bet in in volume and seriously large stakes so when my selections win I make a fair bit. I placed just over 1600 bets in May to give you an idea. I currently have just over £15k exposure on The Open Championship alone, and this will increase over the next 4 days.
As for the money that I make, well I ain't gonna lie to you, its a fair whack and thats the reason I gave up my job to do this full time (I would never in my lifetime earn as much from IT) but I'm not going to disclose figures on here. It is however a 24/7 job for me and very hard work at times, and also frustrating.
Hungry, yes you are right and the way you have described it is the way I changed to do arbing. I used to fully match out my bets so I made a profit whatever happened, but this just made me pennies. You are basically underlaying a bet fully so that if the bet doesn't win you break even (lose stake at the bookies but win the stake back at betfair) but when the selection wins, you have hedged you bets so profit is vastly improved. Once you start using betfair more, you start earning more points and this drops down the comission level you are on so you pay less in fees = more profit
http://promo.betfair.com/news/pc/temp_wv_pc.html Its the table on the right for your discount levelYou will be surprised how many 6/1 shots win especially in horseracing (but for your own benefit I recommend you guys steer clear of horse racing for the time being) If you get on a football arb it actually make it a bit more exciting waiting for the results to come in to see if you have made an extra few quid on top of beating the bookies at the same time
You can get live score from here http://www.xscores.com/LiveScore.doAnksta, although I do go for bonuses, I actually arb for a living, bonuses are just, well, a nice bonus
I bet in in volume and seriously large stakes so when my selections win I make a fair bit. I placed just over 1600 bets in May to give you an idea. I currently have just over £15k exposure on The Open Championship alone, and this will increase over the next 4 days.As for the money that I make, well I ain't gonna lie to you, its a fair whack and thats the reason I gave up my job to do this full time (I would never in my lifetime earn as much from IT) but I'm not going to disclose figures on here. It is however a 24/7 job for me and very hard work at times, and also frustrating.
Smokes said:Anksta, although I do go for bonuses, I actually arb for a living, bonuses are just, well, a nice bonus
As for the money that I make, well I ain't gonna lie to you, its a fair whack and thats the reason I gave up my job to do this full time (I would never in my lifetime earn as much from IT) but I'm not going to disclose figures on here. It is however a 24/7 job for me and very hard work at times, and also frustrating.
My knowledge only stretches as far as match bettin football on bookies, I don't get how you can arb permanently, are you finding arb bets and then matching them? If the arb wins then you're in profit, if it loses then its matched?
anksta said:
Yep, I underlay so only cover the bet stake and comission at betfair so if the bets loses I get my stake back. eg if i bet £200 on a 7/6.6 arb, I lay £204, if it wins I make £57.60, if it loses I make nothing. Just repeat several times a day
For my first qualifying bet I'm going to lay £50 against Tobol Kostanay through Betfair and £50 for Tobol Kostanay through Betfred (Intertoto Cup- Tobol Kostanay vs OFI Crete). Both have odds of 3.5 so seems good bet.
One thing why can I change the backers odds in Betfair? I'm confused, someone help me out.
One thing why can I change the backers odds in Betfair? I'm confused, someone help me out.
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Smokes said:Yep, I underlay so only cover the bet stake and comission at betfair so if the bets loses I get my stake back. eg if i bet £200 on a 7/6.6 arb, I lay £204, if it wins I make £57.60, if it loses I make nothing. Just repeat several times a day
thats a very VERY smart little ploy you have goin there, I might have to give that a go when I have a little more capital, you use that site you posted to find decent arbs?
Edit: also, whats the difference between laying and underlaying?
2nd Edit: How are you calculatin how much to lay there? If you put that in the bet calculator it comes up with a £3 gain and that definitely isnt worth the £1000+ liability
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Burly said:
You can offer a lower price in the hope that the teams odds shift in their direction. This turns you matched bet, which isn't an arb, possibly into one (depending on the odds). There is the chance that the bet won't get taken though, and if the odds drift its going to cost you money to get out of it.
Burly said:
You can change the odds at betfair because essentially you are becoming the bookie therefore you can allow someone to bet you at whatever odds you want.
However, you need the bet to be matched so if you change the odds there is no guarantee anyone will take that bet, so the chances it wont get matched and therefore your bets wont be covered.
anksta said:
Yes I use bestbetting for the major bookies and betbrian for the more obscure ones.
Underlaying is just a term I use for not completly matching out, its no different to laying.
If you use this calculation you can get you underlaying stakes that will cover your bet + comission. You guys are on 5% so its:
Stake / 0.95, in the example I gave it would be 200 / 0.95 = £210.53 lay stake, as I'm on 2.1% mine is 200 / 0.979 = £204.29 lay stake.
I have a spreadsheet that can work all this out and its available over at rpoints. I'll try and upload it later on as I'm a bit busy with the golf at the mo