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

matched betting is not the panacea that so many places online make it out to be. The overly fabricated statements about earning £2,000 per month for doing virtually nothing are completely unfounded. This is driven by affiliates promoting profit accumulator because they get 42% of the monthly subscription from anyone that joins via their links.

Matched betting is not a get rich scheme (although you can earn £800- £1,000 in your first month with signup offers). What matched betting will allow you to do is earn an extra £200- £500 per month for a bit of work every day. To achieve this you need to be aware of what offers are available, know how to exploit them, place the correct bets at favorable odds and then track your returns. Cherry picking the most lucrative offers will make you (relative to the time spent) the most with least amount of effort.

Any service that you sign up for needs to minimize the time that is spent searching for offers, finding the bets and recording your returns. These are the mechanics of matched betting and minimizing every aspect of these mechanics will increase your profit/ hour from matched betting. Support and advice will minimize mistakes and further increase your bottom line.

It's fine saying, I find all offers, matches and record all profits myself so no need to pay for a service, but if that service saves you 10 hours per month then your profit per hour will be vastly superior (even taking into account the additional £15 per month that you spend or whatever it is).

Matched betting requires some effort, it's a largely process driven mechanism based on a repetitive action from the end user for a profitable outcome. Sites like yesbets have just broken down that process and removed as much of the manual work and effort required (finding offers, matches and recording of bets and profit) as possible, meaning the barrier to entry for those less able to grasp the concept and maths behind it can get do it too. This broadens the market appeal and will ultimately (I believe) lead to it's demise. But in the meantime they allow me to make a good £500 per month with very little effort indeed and it's well worth the cost for the money I make.

I also hate spreadsheets, am inherently lazy and haven't got the inclination to search for offers myself, hence why I am happy for that work to be done for me :-)
 
DannyDog said:
matched betting is not the panacea that so many places online make it out to be. The overly fabricated statements about earning £2,000 per month for doing virtually nothing are completely unfounded. This is driven by affiliates promoting profit accumulator because they get 42% of the monthly subscription from anyone that joins via their links.

Matched betting is not a get rich scheme (although you can earn £800- £1,000 in your first month with signup offers). What matched betting will allow you to do is earn an extra £200- £500 per month for a bit of work every day. To achieve this you need to be aware of what offers are available, know how to exploit them, place the correct bets at favorable odds and then track your returns. Cherry picking the most lucrative offers will make you (relative to the time spent) the most with least amount of effort.

Any service that you sign up for needs to minimize the time that is spent searching for offers, finding the bets and recording your returns. These are the mechanics of matched betting and minimizing every aspect of these mechanics will increase your profit/ hour from matched betting. Support and advice will minimize mistakes and further increase your bottom line.

It's fine saying, I find all offers, matches and record all profits myself so no need to pay for a service, but if that service saves you 10 hours per month then your profit per hour will be vastly superior (even taking into account the additional £15 per month that you spend or whatever it is).

Matched betting requires some effort, it's a largely process driven mechanism based on a repetitive action from the end user for a profitable outcome. Sites like yesbets have just broken down that process and removed as much of the manual work and effort required (finding offers, matches and recording of bets and profit) as possible, meaning the barrier to entry for those less able to grasp the concept and maths behind it can get do it too. This broadens the market appeal and will ultimately (I believe) lead to it's demise. But in the meantime they allow me to make a good £500 per month with very little effort indeed and it's well worth the cost for the money I make.

I also hate spreadsheets, am inherently lazy and haven't got the inclination to search for offers myself, hence why I am happy for that work to be done for me :-)
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I need to clear something up for people. I am able to refer my link, but I never have, so I'm not promoting anything. I use PA for their offer lists because I can't be bothered to find them myself, and I use their calculator. That's it.

I can definitely say I make £1k a month from one set of accounts. It's entirely possible without much work. 30 mins on weekdays and more on saturdays.
 
Yesbets is quite refreshing.
The odds matching software is pretty good. Not as fast as it needs to be, but not too far off. It allows a load of mug bets that are actually small arbs and big events such as football and UK horse racing.
 
glen8 said:
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
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Yeah, I found in order to be able to do all the reload offer available for a given day I needed £7k in my exchange. For big events it's often much higher - for example, Ascot cleared my £10k balance out.
 
doodah said:
£7k! Jesus.
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It's more than that now:-

Capture_zpstjqfe7sn.png~original
 
agreed, big money can be made but it takes thousands as shown above

I commend your honesty. People seem very quiet about how much money you actually need to cover off the bets

I'm slowly building my balance up :cool:
 
Skillmister said:
Can't see how that would work when cashback is only for new accounts and betfair exchange is specifically not mentioned?
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I said ladbrokes was my next target, they give £30 cashback to new accounts (and Im a new account) :cool:

If/when its confirmed, withdraw and deposit into betfair

Worth mentioning for people just starting out
 
Skillmister said:
Manning up and doing the Bet365 sign up. Having £800+ liability in the exchange at once is a scary first for me :o
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Don't be tempted to do a big bet at like 8.0 hoping it will lose. That's what I did and it won. I then had to deposit another £700 into my exchange to wager it out. stick to around 3.0 ish bets with that kind of float in the exchange. It's a bit of a grind but should be worth around £160 to you at the least. Then do their on the move bonus for another £50 :-)
 
The bonus bet is at 3.25 odds (with the other team at around 2.2 so hopefully it loses at the bookie!). If not I've got the spare funds to tank up my exchange for the wagering it would just mean depositing money that isn't part of my "MB bank"
 
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