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

Clipsey · 12 Jul 2007 at 21:52

Is there an easy way to convert odds??
i.e on BetFred they use 7/2 for instance then on Betfair they use 1.31.
I think 7/2 converts to 4.5 - but is there an easy way to change/convert these?

If you average 70% of £25 free bets (some sites offer up to 100) you walk away with £17.50 per site. Do 50 online bookies and its over £500

hmmmm /suddenly sees this as turning into a late night lol !!

anksta · 12 Jul 2007 at 21:58

Clipsey said:
Is there an easy way to convert odds??
i.e on BetFred they use 7/2 for instance then on Betfair they use 1.31.
I think 7/2 converts to 4.5 - but is there an easy way to change/convert these?

hmmmm /suddenly sees this as turning into a late night lol !!

Betfair has an option to change the odds to decimal down on the left I think

Youstolemyname · 12 Jul 2007 at 21:58

Clipsey said:
Is there an easy way to convert odds??
i.e on BetFred they use 7/2 for instance then on Betfair they use 1.31.
I think 7/2 converts to 4.5 - but is there an easy way to change/convert these?

hmmmm /suddenly sees this as turning into a late night lol !!

http://www.smartcapper.com/tool_odds_converter.html

Jimmy1983 said:
So basically you both bets cancel each other out, and the joining fee you get for the site is what profit you end up with?

You don't get all of the joining bonus. The odds for the lay and bet are very rarely, if ever, equal so you lose some there. Also, betfair take a 5% cut of your profit. You should average just over 70% of the sign up bonus, or more if you can be bothered to seek out matched bets.

A good one to start on is skybet. £20 free sign up then bet on minesota in the baseball. Both sides are 5/6 to win (which is 1.83 decimal) and the lay on betfair for minesota is 1.86....giving a qualifying bet return of 96%

anksta · 12 Jul 2007 at 22:03

Youstolemyname said:
Yeah thats it....

If you average 70% of £25 free bets (some sites offer up to 100) you walk away with £17.50 per site. Do 50 online bookies and its over £500

I've completed 3 and started another 1, and I'm up over 150 already, the freebet combined with the quidco referral and the betfair bonus they give you for signin up to betfair.

Join Betfair through Quidco: 25 quid
Betfair offer for entering bonus code given in OP: 20 quid
Betfred through Quidco: ~15 I think
Coral through Quidco: 30 quid
Totesport through Quidco: 25 quid

Thats 95 quid without even makin a bet.

Youstolemyname · 12 Jul 2007 at 22:08

anksta said:
I've completed 3 and started another 1, and I'm up over 150 already, the freebet combined with the quidco referral and the betfair bonus they give you for signin up to betfair.

Join Betfair through Quidco: 25 quid
Betfair offer for entering bonus code given in OP: 20 quid
Betfred through Quidco: ~15 I think
Coral through Quidco: 30 quid
Totesport through Quidco: 25 quid

Thats 95 quid without even makin a bet.

Nice work

If you just do the betting though, with the free bets then I reckon you would have to work hard to get over 70%. It took me a while to find the 96% one on skybet.

If you fancy chatting about this get me on msn- sf_ne0 at hotmail dot com.

I am off work for the next month so have plenty of time on my hands

Clipsey · 12 Jul 2007 at 22:10

Quidco ?
That like a sort of Paypal - sorry for my ignorance.
Do you have to go through Quidco
I saw on BetFred that you get 25pound free bet with sign up.

anksta · 12 Jul 2007 at 22:12

Clipsey said:
Quidco ?
That like a sort of Paypal - sorry for my ignorance.
Do you have to go through Quidco
I saw on BetFred that you get 25pound free bet with sign up.

yeah that Betfred thing is kind of the whole point

Quidco is a referrals link, look it up on wikipedia it should explain it better than me.

Loki · 12 Jul 2007 at 22:14

Im up for a bit of this. I used to do bog standard betting on football matches. After 10 games I was around £20.00 up after throwing a few hundred in and loosing a few hundred.

Loki · 12 Jul 2007 at 22:17

anksta said:
yeah that Betfred thing is kind of the whole point

Quidco is a referrals link, look it up on wikipedia it should explain it better than me.

Heres one of the threads on OcUK re Quidco

http://forums.overclockers.co.uk/showthread.php?t=17746073&highlight=quidco

p4radox · 12 Jul 2007 at 23:25

As soon as I've got some money I'm going to give this a shot I reckon.

Is it really necessary to use that calculator? Surely if the odds are similar enough on the lay and on the bet then you're not going to get anywhere near a £25 loss?

Welshy · 12 Jul 2007 at 23:31

Just lost £75 of my money on one of the casinos, but think i got the hang of it by the end, so I'm putting it down to experience, lol.

Gonna give it another go at the weekend, should make a bit of money now

anksta · 13 Jul 2007 at 00:02

p4radox said:
As soon as I've got some money I'm going to give this a shot I reckon.

Is it really necessary to use that calculator? Surely if the odds are similar enough on the lay and on the bet then you're not going to get anywhere near a £25 loss?

Using the calculator is just part of the method, its not worth not usin it just to check. Also just because your bettin 25 quid doesnt mean your layin 25, you could be layin anythin and just guessin wont compensate the other bet you've made properly.

mcast123 · 13 Jul 2007 at 00:09

Questions...

How long before the betting companies get wise and reduce\remove these incentives?

What's stopping one person using 10 different bank accounts and making 10x the money?

anksta · 13 Jul 2007 at 00:14

mcast123 said:
Questions...

How long before the betting companies get wise and reduce\remove these incentives?

What's stopping one person using 10 different bank accounts and making 10x the money?

Er well they've been around for at least 2 years that I know of and I dont think its the same as some of the offers casinos were offering a few years ago. I think the bookies think people will assume its not worth it.

Each bookie performs address checks, IP checks etc. so unless you're covering all them bases they'll probably find out and freeze your accounts, void your bets, that type of thing.

Students are alright though, if they're changin address each year, get a new card each year and go through them again, I'm gonna when I move into my new house.

Youstolemyname · 13 Jul 2007 at 00:23

anksta said:
Er well they've been around for at least 2 years that I know of and I dont think its the same as some of the offers casinos were offering a few years ago. I think the bookies think people will assume its not worth it.

Each bookie performs address checks, IP checks etc. so unless you're covering all them bases they'll probably find out and freeze your accounts, void your bets, that type of thing.

Students are alright though, if they're changin address each year, get a new card each year and go through them again, I'm gonna when I move into my new house.

Just did a great lay/bet combination with totesport on the baseball.

Had a big problem finding a bet that would give me a decent return on my free bet though as the stake wasn't returned. Any tips? Seems as if you have to go high on the odds to get more of your stake back, which in turn means you have to lay out more.

mcast123 · 13 Jul 2007 at 00:26

anksta said:
Er well they've been around for at least 2 years that I know of and I dont think its the same as some of the offers casinos were offering a few years ago. I think the bookies think people will assume its not worth it.

Each bookie performs address checks, IP checks etc. so unless you're covering all them bases they'll probably find out and freeze your accounts, void your bets, that type of thing.

Students are alright though, if they're changin address each year, get a new card each year and go through them again, I'm gonna when I move into my new house.

Thanks.

I haven't gone through it all yet apologies for noobness, but are the free bets just once on signup or can they re-occur? It would be tasty if you could do it once a month on all the sites or something similar.

caff · 13 Jul 2007 at 00:26

This is not totally foolproof. If you get an incredibly unlucky streak you could easily start losing and trying to regain your losses. This is the whole 'sucker punch' of gambling. Correct me if I'm wrong?

SiriusB · 13 Jul 2007 at 00:34

Sounds interesting!

Pretty sure I got my head around it. Basically you make two opposing bets and come out with nothing, but since one of the bets was free, you are £xx amount better off.

You do lose some money because the odds are rarely exactly the same, but the losses are minimal.

Assuming the above is correct, I will start this when I get back from Germany at the end of the month.

Only thing that confuses me is why I need to have 120ish quid... this purely so I can make lots of bets at the same time with different bookies? [ie, making the time I put in more worthwhile]

Youstolemyname · 13 Jul 2007 at 00:38

caff said:
This is not totally foolproof. If you get an incredibly unlucky streak you could easily start losing and trying to regain your losses. This is the whole 'sucker punch' of gambling. Correct me if I'm wrong?

You are wrong. As you bet against yourself you are 'hedging your bets' you cannot lose any money. The only variable is the amount of profit.

_PD_ · 13 Jul 2007 at 00:41

anksta said:
same casino I lost on, its a joke that casino thing, I'm never doin it again

? I spent an hour or two on it earlier and was up £160...

I need to spend another hour ish on it, and I'm entitled to £290 bonus - making £370 for a three hours work (and it was fun).