I'm sick of emailin 20+ members so here it is......MATCHED BETTING by anksta

I have been thinking about this and am a bit confused. I would be grateful if someone could clear it up for me.

This is my understanding
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I deposit £10 of my own money at at Sporting bet for Iceland to Win. Odds = 4.50(BACK BET)

I follow the matcher spreadsheet which gives me the following advice of what I should place as a lay.

Therefore I deposit £9.69 of my own money at at Betfair for Iceland not to Win. Odds = 5.6(LAY BET)

Iceland Win and I win £54 at SportingBet however my lay bet costs £9.69 + Liability of £44.60 = £54.29

This means I am actually 24p down.

But Sporting Bet has given me a £10 free bet. So I am actually £9.76 up.

My question is will SportingBet allow me to withdraw this money and walk away or is it just credit that I have to use again? If its credit, How can I make a profit on this credit?
 
You have to do the same again with the free bet. i.e. match the free bet you receive after matching the required previous bet. Then, after you have bet (and matched) the free bet, you can withdraw your profit.
 
bibalasvegas said:
You have to do the same again with the free bet. i.e. match the free bet you receive after matching the required previous bet. Then, after you have bet (and matched) the free bet, you can withdraw your profit.
Click to expand...

After making the qualifying bet I do the following:-

I deposit £10 of my free bet at at Sporting bet for France to Win . Odds = 4.50(BACK BET)

I follow the matcher spreadsheet which gives me the following advice of what I should place as a lay.

Therefore I deposit £9.69 of my own money at at Betfair for France not to Win. Odds = 5.6(LAY BET)

Iceland Win and I win £54 at SportingBet minus Liability of £44.60 = £9.40p profit overall!

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is that right?

edit - so on the second bet (i.e free bet) SNR (Stake Not Returned) comes into account.

Do all bookies return the stake on a qualifying bet? i.e when i use my actual cash?

On my example if the stake isnt returned then the matcher spreadsheet goes as following

Free Stake - £10
Stake Forfeit - £10
Back Return - £35

Lay Stake - £6.31
Lay risk - £29.01
Total Lay Cost - £35.32

Loss of 32p.

So how do you make money on a SNR? Should I just avoid SNR bookies?
 
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I started this at the beginning of September, I've done 3 bookies and made £71.26 profit so far.

I was going to get into this 12 months ago but was very sceptical about it, I just thought there had to be a catch, but as far as I can tell in the 2 1/2 weeks I've being doing it, it works!!

Sorry for bumping this thread, I didn't want to start a new one when we have this excellent one already.
 
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