Go on! I'd be interested to know if I'd encountered him.
Making money on-line?
- Thread starter Dokinator
- Start date
Go on! I'd be interested to know if I'd encountered him.
I'm not convinced by this bitcoin thing..
Making mobile apps is a good one too. in 6months of learning programming you can become competent enough to make apps. Windows Phone 7 apps/games are especially easy to make, and as the marketplace is new you can 'borrow' app ideas from the iphone etc..
I need to sit down properly and read about matched betting.
Making mobile apps is a good one too. in 6months of learning programming you can become competent enough to make apps. Windows Phone 7 apps/games are especially easy to make, and as the marketplace is new you can 'borrow' app ideas from the iphone etc..
I need to sit down properly and read about matched betting.
Deleted member 651465
Deleted member 651465
Soldato
- Joined
- 22 Oct 2004
- Posts
- 9,086
- Location
- Berkland
A mate of mine managed to do this and him, myself, and a few of his friends all made a few bob out of it (£300 a month ish).Explain please
It involved him writing a small app that ran on virutal servers on the web. It hooked up to bet 365 (which has a well documented API) on one side, and automated the ladbrokes website on the other to do the match betting. It worked because...
a) 365 don't really limit you because they make money out of every bet that happens even if you are a winner or a losser.
b) the ladbrokes site was slow to update its odds and thus you had more of a chance of finding a matched bet via them.
Its downfalls...
a) Ladbrokes would limit your account after a while and thus would stop you from putting big bets on and thus make more money. In the end the accounts on ladbrokes were getting more and more restricted so that we could only put something like £10 bets on.
b) If labrokes changed their site design, the software would then fail.
In the end, Ladbrokes managed to change how the system worked by changing their site and basically it wasnt going to work via them anymore, so we closed it all down.
This all happened last year, and I just so happen to be meeting up with him tonight, so I am thinking I will egg him on to try and find a new site we can work with
Could do with the extra quid.
When I think back to the whole run of the software, I am quite pee'd off that we initially put limits on the size of the bets we would do with ladbrokes to hide the whole thing because we thought that they would cap the account faster. In some of the late comers to the scheme, we decided to up the limits a lot, and they made some quite large winnings over the months.
Last edited:
A mate of mine managed to do this and him, myself, and a few of his friends all made a few bob out of it (£300 a month ish).
It involved him writing a small app that ran on virutal servers on the web. It hooked up to bet 365 (which has a well documented API) on one side, and automated the ladbrokes website on the other to do the match betting. It worked because...
a) 365 don't really limit you because they make money out of every bet that happens even if you are a winner or a losser.
b) the ladbrokes site was slow to update its odds and thus you had more of a chance of finding a matched bet via them.
Its downfalls...
a) Ladbrokes would limit your account after a while and thus would stop you from putting big bets on and thus make more money. In the end the accounts on ladbrokes where getting more and more restricted so that we could only put something like £10 bets on.
b) If labrokes changed their site design, the software would then fail.
In the end, Ladbrokes managed to change how the system worked by changing their site and basically it wasnt going to work via them anymore, so we closed it all down.
This all happened last year, and I just so happen to be meeting up with him tonight, so I am thinking I will egg him on to try and find a new site we can work with
Could do with the extra quid.
When I think back to the whole run of the software, I am quite pee'd off that we initially put limits on the size of the bets we would do with ladbrokes to hide the whole thing because we thought that they would cap the account faster. In some of the late comers to the scheme, we decided to up the limits a lot, and they made some quite large winnings over the months.
You do realise people would pay some silly money for this on eBay right??
A friend of a friend managed to work out a similar thing for horse racing, sold it on eBay and made thousands!
Last edited:
Soldato
- Joined
- 22 Oct 2004
- Posts
- 9,086
- Location
- Berkland
Yeah, but the problem is that you constantly have to monitor the software results so that if no money is being made in a day, then this usually means that the bookies side of the logic has broken.
The whole theory of it is sound as a pound though. Use a betting exchange for one side, and a bookie for the other.
In theory the bookie wouldnt really get wind of what is going on as you are going to loose as much as you win with them and thus they arent down on the pound to much.
What gives it a way though is the account activity as this is always going to be higher and with 24hour betting it is going to be none stop!
The whole theory of it is sound as a pound though. Use a betting exchange for one side, and a bookie for the other.
In theory the bookie wouldnt really get wind of what is going on as you are going to loose as much as you win with them and thus they arent down on the pound to much.
What gives it a way though is the account activity as this is always going to be higher and with 24hour betting it is going to be none stop!
Deleted member 651465
Deleted member 651465
Schedule it to daylight hours, and stagger betting over the week to blocks and it'll just look like someone on a betting spree... then count me in 
Last edited by a moderator:
we need a thread for this
have made 'progress' on bitcoin, no coins yet but its taking off now with 100% CPU usage (looking into a GPU program now)
Getting 4292 K/hash i have used this online calculator to find out how many days i would take to start generating coins and its not good! (GPU solution needed)
out of interest have any i7 users on this forum had any luck with this? and do sandybridge CPU's make any difference?
EDIT: oh i forgot the link, for anyone interested: CALC this is the calculator i used
Wait... Can someone explain to me how the average is different to th 50% probabilty?
well.. im not buying them im earning them and havn't had to 'pay' for them yet, unless i ever decide to buy a better gpu to 'mine' with
the prices of bitcoins is now £4 to 1BTC
rates can be checked at: http://bitcoincharts.com/
he maybe right about not worth 'buying' bitcoins although the value of bitcoins is increasing daily, not sure sure when it will stop/slow down yet
so if your a stocks/shares type of guy then you may take interest in the buy/sell game
So you get around £4 for every coin you generate, yet it takes up to thousands of days to generate on average? In other words you run your computer at full blast for a year or two and get £4 in return? That'll offset your electricity bill nicely...
ignore that calculater thing its no longer important as mining in a 'pool' gives better results
well it would take about 100 hours with my current GPU, so its not worth it unless i use a much better one and even then i 'think' i could only get 1 coin per 24 hours of mining and i have no idea how much this costs in electric so im not going to bother
So you get around £4 for every coin you generate, yet it takes up to thousands of days to generate on average? In other words you run your computer at full blast for a year or two and get £4 in return? That'll offset your electricity bill nicely...
well it would take about 100 hours with my current GPU, so its not worth it unless i use a much better one and even then i 'think' i could only get 1 coin per 24 hours of mining and i have no idea how much this costs in electric so im not going to bother
Last edited:
Not sure if you could do it with matched betting.
Matched betting isn't some secret system (it's anything but!) and certainly isn't gambling - instead it's a simple loophole based on simple maths. This is a good example of how it works:
http://en.wikipedia.org/wiki/Matched_betting
It's quote popular and has been done by professionals for a long time (just Google 'donglemouse' and you'll see what I mean!).
Pros do it 'by hand', in other words, manually trawling the internet for favourable odds, doing the calculations, placing the bets and doing it all over again to make a profit.
However, it's been made easier by websites and online matching software out there. The Daily Telegraph ran with this not that long ago: http://www.telegraph.co.uk/finance/...tips/8185280/Is-this-a-bet-you-cant-lose.html
So it's no big secret, but is certainly something that everyone could do to make a bit of extra cash.
i've got an idea. everyone who wants to participate, send me £1 through paypal and i will stop taking payments on ...... 1st june. then, i will select a winner from people who have paid/entered and give them half, i keep the other half for my troubles and the fact that it was my idea. if it becomes popular, we can make it a monthly or fortnightly thing. who would really miss £1 a month and just think, if 1000 people per month entered, you could see a return of 500%!*
*moderators. i am not being serious about any of the above.
*moderators. i am not being serious about any of the above.
With the bitcoin thing, do you actully make more money than the increased electricity costs due to the load on your CPU/GPU? I can only see trying to generate bitcoins giving a positive outcome if you have some powerful computer that is also very energy efficient.
Even more so if you automate it!
how so joe?
nm: http://forums.overclockers.co.uk/showpost.php?p=19174517&postcount=84
Last edited:
Just to let you all know - I've started a new thread on matched betting in the hope of emulating the success of MSE!!
(Also it's obvious that quite a few of you know what it's about, so it might be more relevant discussing it there)
Anybody had success with Lockerz? I'm currently sitting at near 7,000PTZ after registering yesterday.
I've heard varying accounts of success, I know people who have claimed free t-shirts but my eyes are on the 9,000PTZ $300 Paypal....
I've heard varying accounts of success, I know people who have claimed free t-shirts but my eyes are on the 9,000PTZ $300 Paypal....
For those who buy and sell things online, via ebay or so forth. What's the best method of finding suppliers? Bit of a silly question because suppliers presumably take a lot of effort to build up but I fancy selling some low priced, perhaps hand made goods online and would require an initial short run of supplies. Even picking a few things up at wholesale price but can't find any via the traditional means i.e google, yell and directories.
First of all have you got a business account with ebay and a premium/sellers account on paypal?
Secondly the more you buy the cheaper it will be per unit, a lot of places require a MOQ (Min order quantity)
Don't buy branded stuff from china, 9/10 it will be fake. If its too good to be true it normally is.
Check the information of the supplier such as contact details and find out about the company using google search.
Contact the supplier to see if they are who they say they are.
For finding suppliers, there are exhibitions that you can go to and lots of stuff online, just need to sit down and spend a few hours to compile the information.
DO NOT buy the wholesale guides on ebay, they will take your £2-5 and give you a list of websites, half of them won't work.
Secondly the more you buy the cheaper it will be per unit, a lot of places require a MOQ (Min order quantity)
Don't buy branded stuff from china, 9/10 it will be fake. If its too good to be true it normally is.
Check the information of the supplier such as contact details and find out about the company using google search.
Contact the supplier to see if they are who they say they are.
For finding suppliers, there are exhibitions that you can go to and lots of stuff online, just need to sit down and spend a few hours to compile the information.
DO NOT buy the wholesale guides on ebay, they will take your £2-5 and give you a list of websites, half of them won't work.
Last edited: