I'm sick of emailin 20+ members so here it is......MATCHED BETTING by anksta
- Thread starter anksta
- Start date
Cobra said:
good for you, I'm not sayin you can't make money doin it, all I'm sayin is theres no guarantee, theres still a large element of risk involved with that. My mate does them each month on the monthlies, he spent 4 hours the other week doin one and came out with 4 quid or somethin ridiculous.
SiriusB said:
You make a total of 4 bets, 2 to qualify for the free bet and 2 to obtain the free bet.
You need ~120 quid because if you lose on betfair the liability involved on a 25 quid bet with decent odds is around the 90 or 100 mark, therefore that would come out of your betfair account should you lose, of course if this happens providing you have placed your bets correctly you will win just under that on the bookies.
Youstolemyname said:
High odds as close as possible, a bet of somethin like 7.8 and 8 or somethin would give a very good return, you are right though you would need high liability for that. A good return on SNR is around 15 I think. I made 17 on an SNR the other day with reasonable odds so its not impossible to find good bets.
Also, its upto you if your sure and you know the sport well but I tend to stick to football as its very simple in its outcome, I dont know what the implications could be of using baseball.
Soldato
anksta said:
Ah yeah, that makes sense. If I go in with say £20 quid and the odds were like 5.0 or something 120 quid goes bye bye.
Heh, I can't wait to try this. About to spend 700 quid on a trip so I wouldn't mind seeing some of that back
SiriusB said:Ah yeah, that makes sense. If I go in with say £20 quid and the odds were like 5.0 or something 120 quid goes bye bye.
Heh, I can't wait to try this. About to spend 700 quid on a trip so I wouldn't mind seeing some of that back
yeah, if your bettin with odds around 5 on betfair you wanna be bettin with odds at a minimum of 4.8 or so on the bookie, i.e. you would win 116 inc your stake, I would count that quite a poor bet though actually, on you're qualifier bet you wanna be aimin for at least a 92% bet retention otherwise your profit levels are gonna suffer.
Right, I'm goin bed now, hope people have enjoyed today's session on matched betting, soon you'll be the envy of your friends and have to explain it 600 times and begin to rue the day you ever said "I do matched betting" to anyone.
Anymore questions are welcome, I'll go through them in the mornin again if people want. Also it'd be good if people posted when they have started just to get a gauge of how many people are actually givin it a go.
Anymore questions are welcome, I'll go through them in the mornin again if people want. Also it'd be good if people posted when they have started just to get a gauge of how many people are actually givin it a go.
Soldato
Including my referrals, by joining totesport and betfair and placing 4 bets I made £95 last night.
Take out the referrals and I cleared £20 profit.
On to the next victim.......[evil laugh] muahahahahaaaaaaa [/evil laugh]
Take out the referrals and I cleared £20 profit.
On to the next victim.......[evil laugh] muahahahahaaaaaaa [/evil laugh]
Soldato
Here's a quick question.
Say your 'lay' bet loses $120 and your other bet wins $115. Cool fine. But that means your Betfair is practically out. Now to perform your second bet you would again need at least $120 or so in the Betfair a/c ?
Im not sure whether the money you won $115 would be able to be transferred to that a/c as sometimes these online bookies wont let you take the money out straight away until you have gambled enough (i.e the free bet) ? Does this make sense?
This is what used to happen all the time on the casino sites
Cheers Chris
Say your 'lay' bet loses $120 and your other bet wins $115. Cool fine. But that means your Betfair is practically out. Now to perform your second bet you would again need at least $120 or so in the Betfair a/c ?
Im not sure whether the money you won $115 would be able to be transferred to that a/c as sometimes these online bookies wont let you take the money out straight away until you have gambled enough (i.e the free bet) ? Does this make sense?
This is what used to happen all the time on the casino sites
Cheers Chris
Soldato
Clipsey said:Here's a quick question.
Say your 'lay' bet loses $120 and your other bet wins $115. Cool fine. But that means your Betfair is practically out. Now to perform your second bet you would again need at least $120 or so in the Betfair a/c ?
Im not sure whether the money you won $115 would be able to be transferred to that a/c as sometimes these online bookies wont let you take the money out straight away until you have gambled enough (i.e the free bet) ? Does this make sense?
This is what used to happen all the time on the casino sites
Cheers Chris
Correct...Although you can transfer the $115 at some point, it isn't instant. So you will need a bit of cashflow for this system to work.
You aren't going to clear £100s a day unless you have a few quid in the bank to begin with to stand all the big lays. Id aim for hitting a couple of bookies a day, withdrawing funds, wait till credited and repeat.
Soldato
ahh ok,
I mean worst comes to worst you just bank roll your betfair a/c until you can withdraw everything and make to $25 profit or whatever!!
I guess easiest option is at least try and get the lay bet to come in, but no huge deal if not.
Im doing this later today
I mean worst comes to worst you just bank roll your betfair a/c until you can withdraw everything and make to $25 profit or whatever!!
I guess easiest option is at least try and get the lay bet to come in, but no huge deal if not.
Im doing this later today
Clipsey said:ahh ok,
I mean worst comes to worst you just bank roll your betfair a/c until you can withdraw everything and make to $25 profit or whatever!!
I guess easiest option is at least try and get the lay bet to come in, but no huge deal if not.
Im doing this later today
well for the few first bookies if your winning at betfair its a good idea to not withdraw from betfair and build up a float, i.e. as muhc money in betfair as possible, that way you can match whichever bets you've made on the bookies without waitin to switch money round, it will mean that your cashflow will actually be quite far in the negative for the first week or 2, but remember that its only cash being moved round.
Its just your cash somewhere else.
I did a lot of this thing a while back but just the quidco ones. I didn't even try matchbetting either way i just bet on the most likely one to win and took advantage of all the free bets and quidco commission trying to play it as safe as possible and i gained about £250-300 just with basic common sense and it was quite a fun experience.
bobert50 said:
yeah not a bad idea but never gonna be guaranteed anythin but the quidco referral. Man United v Southend would have been almost a "sure thing" to bet on last season but look how that turned out, its not worth not matchin the bets.
Also, for anyone considering this, the referrals you are also adding up with Quidco dont run out once your done with Quidco, try www.betrescue.com and www.rpoints.com both do another few sites payin referrals out for joining through there.
Soldato
I just read this http://en.wikipedia.org/wiki/Matched_betting
It still makes no sense to me whatsoever.
As much as I want to make some easy money, because I don't understand it I am sure it would all end in tears.
Really wish it made sense. I understand the concept of betting and doing the lay etc. I just don't see where the profit comes from.
It still makes no sense to me whatsoever.
As much as I want to make some easy money, because I don't understand it I am sure it would all end in tears.
Really wish it made sense. I understand the concept of betting and doing the lay etc. I just don't see where the profit comes from.
ScarySquirrel said:I just read this http://en.wikipedia.org/wiki/Matched_betting
It still makes no sense to me whatsoever.
As much as I want to make some easy money, because I don't understand it I am sure it would all end in tears.
Really wish it made sense. I understand the concept of betting and doing the lay etc. I just don't see where the profit comes from.
remember what you're bettin with and how many bets you're making.
You make a total of FOUR bets, not two.
You only ever end up with what you bet with in the first place so the first 2 bets are both your money, they cancel each other out with minimal loss but open up the free bet.
Now you are bettin the free bet and covering it with your money. The bets cancel out and you just end up with what you bet, back.
But what you bet with wasn't yours, so the profit comes from the free bet they are offering.
Yeah?
Soldato
You bet man utd to win AND you bet them NOT to win ok!
$25 bet.
Say man utd win = you win $100
BUT you also lost $103 on your lay bet ok
So your -$3
Now you have placed that bet you are entitled to the free bet =$25
Once again we do the man utd scenerio:
again losing $3
But now the money is available for you to withraw beacuse you have met the terms and conditions: So you can now withdraw $22 of the free bet and your money from you original a/c (say the a/c where you won $100 x2
Trying to make this sound as simple as possible
$25 bet.
Say man utd win = you win $100
BUT you also lost $103 on your lay bet ok
So your -$3
Now you have placed that bet you are entitled to the free bet =$25
Once again we do the man utd scenerio:
again losing $3
But now the money is available for you to withraw beacuse you have met the terms and conditions: So you can now withdraw $22 of the free bet and your money from you original a/c (say the a/c where you won $100 x2
Trying to make this sound as simple as possible
anksta said:
I've made about £850 on casino bonus bagging in the last couple of months so I wouldn't write it off. The potential to earn is much higher than on matched betting, and although it isn't risk free the worst result I've had is -£6 after 10 casinos.