Matched betting - who's done it and who's good at it? (No Referrals)

well I'd never heard of this until a few mins ago

Just opened a yesbet account, realised I already have a betfair one (don't think it matters). Just watching the videos now.
 
Dave said:
Is it worth signing up to PA/other sites for post-sign up offers? I did a fair bit of matched betting a couple of years ago and did the introductory offers for most of the bookies. Is there a good site or tutorial for highlighting continuing offers? (I presume that waiting for the start of the football season is a good idea for another round of offers?)
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At the risk of sounding snarky (not the intention at all) go back and read the last few pages of this thread, loads of people have put some excellent comments and advice in here already :)
 
Diddums said:
At the risk of sounding snarky (not the intention at all) go back and read the last few pages of this thread, loads of people have put some excellent comments and advice in here already :)
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Will do - got a little put off on going backwards by the debate on the page :p Suffice to say that I am pre-PA and the like - I still have my old spreadsheet knocking around. I'll have a read through, thanks.
 
glen8 said:
Well that's £80 I've just stuck into the 'system'

I have no bloody idea what I'm doing!!! Just following the instructions on yesbet lol
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Really not a good idea. You need to understand what you're doing with your money. If you ever make a mistake, you won't know how to correct it.
 
Don't come crying in here when you lay the wrong horse or the odds move and your bet isn't matched. Do your homework, you can lose a LOT of money in one shot if you mess this up.
 
These sites can only take you so far. When place a back bet and the odds change drastically before you place your lay bet you'll be screwed if you don't know more than 'what the site told me'.

Last night I was trying to place a £20 in play qualifyer for a £10 free bet tomorrow. Missed half time when the odds would have been stable and ended up having to take a £6 loss because i'd already backed and the odds dived. Thankfully I'll still come out of the offer a couple of quid up overall but it could easily have lost more than that if it had been a goal happening before my bet rather than just a free kick!
 
I know what you're saying, it's very early days for me at the minute. I'm still working through the free offers....and the £200 bet365 one looks very tasty, as does the ladbrooks £50 + £30 quidco

I'll mix in a few mug bets and do the hosts file on my pc

Don't think I'll do too heavy at this stage

I do triple check the odds and am very quick placing them
 
What happens when there comes a time when you have no free bets to use?

Making a standard match bet returns a very small profit. Just using the reloads would take an absolute age to generate any meaningful profit and at that point surely you run a high risk of having your account restricted. Unless you make lots of mug bets, again adding to time.

are the people making thousands a month profit spending all their time on these sites?

I can see how you can make a good £400 a month, but not thousands

Then again, that £400 a month x (as many of my families address/credit card details I can use) won't be too bad lol

If I can use three of my families details on the bet365 deal alone, that's £800 (potentially)

/hands in the air *What could possibly go wrong*
 
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I don't know about the time needed to make thousands a month but I would imagine it could be quite substantial but still worth it. I have done £53 this month so far with not much time. I don't think it takes a lot of time to make something meaningful - if you're hitting one or two horses a day, that could be £15-30 of profit a day. The actual placing of a bet is very quick, coupled with Match Catcher for matched betting and odds matching software for mugs (or alternatives) it's a fairly quick process.
 
doodah said:
I don't know about the time needed to make thousands a month but I would imagine it could be quite substantial but still worth it. I have done £53 this month so far with not much time. I don't think it takes a lot of time to make something meaningful - if you're hitting one or two horses a day, that could be £15-30 of profit a day. The actual placing of a bet is very quick, coupled with Match Catcher for matched betting and odds matching software for mugs (or alternatives) it's a fairly quick process.
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The thing is, to make a lot of money a month you need a huge balance in your exchange. If not, you can only place a handful. Then you have to wait for the results before you can get your balances back to make the next bets.

I guess it takes money to make money
 
True, I started with a fairly small bank (a couple of hundred) and have brought it up to £500 - there have been cases where I have to be tactical. I have rarely needed more than £1k at a given time except for big events like The Grand National. Plus there is a handy feature on the exchanges; shared liability if you are betting on multiple horses on the same race so your liability is only as big as the horse with the largest odds.
 
glen8 said:
What happens when there comes a time when you have no free bets to use?

Making a standard match bet returns a very small profit. Just using the reloads would take an absolute age to generate any meaningful profit and at that point surely you run a high risk of having your account restricted. Unless you make lots of mug bets, again adding to time.

are the people making thousands a month profit spending all their time on these sites?

I can see how you can make a good £400 a month, but not thousands

Then again, that £400 a month x (as many of my families address/credit card details I can use) won't be too bad lol

If I can use three of my families details on the bet365 deal alone, that's £800 (potentially)

/hands in the air *What could possibly go wrong*
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Good job you're making all these assumptions having been matched betting for about 3 minutes :rolleyes:

You don't stop having free bets to use. The sign up offers are merely the start, the reload offers once you have your accounts open is where the consistent long term profit comes from. They might not be as ludicrous as the sign up offers (e.g good luck finding a £50 free reload offer whereas there are numerous sign ups that offer that) but £10 free bets are very common. If you make £8 off a £10 free bet and it takes 5-10 minutes max to do that's not exactly bad money.

Not sure what you mean by a standard match bet only returning a very small profit. If you mean qualifier bets for offers you shouldn't even be making a profit on those, you should be losing small amounts.

I'd imagine the people making thousands do spend massive amounts of time on it and treat it as a job. I treat it very casually, literally 20 mins a night and an hour or 2 at weekends and in the past 10 days or so i'm up about £120-£150 off the top of my head.

Having more money in the exchanges makes it a lot easier, I've got about £600 in exchanges at the moment which is probably pennies compared to most matched betters but it made the 6x £10 free bets i had to use on betfair a hell of a lot quicker and easier to place!

If I had one top tip when you're starting out it would be don't neglect the risk free casino offers. It may seem unlikely to win anything from them when all you get is £5 free or they have anything from 30-80x wagering (on the sign up but no deposit ones) but they're simple and I've made hundreds on them in total including a ~£500 win on William Hill risk free on a new slot and ~£150 on one of these obscure games sites where I had to spend about 6 hours in total auto-spinning through thousands of pounds but all so worth it.

I haven't even entered the world of horse racing or accumulator refunds etc so hoping I haven't missed the boat on those but it's easy to see how there is plenty of money to be made.
 
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