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

First result through - got my £20 free vet with Paddy Power and Betfair says I have £33 available (originally staked £35). It has now told me to bet on the Unterhaching v W Bremen-A game but on Paddy Power the teams are named SPVGG Unterhaching v Werder Bremen II. Guessing it's the same game? It just it wants me to stake £96 this time and I don't want to make any mistakes.

EDIT - I think I have ballsed this up. After yesterday bets were settled it said I could move on to the next bet (the one I mention above). Upon logging back into my account - that tab/box has disappeared?
 
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Finished my first one with Paddy Power and got £15. Problem is I have already joined 5-10 betting companies but should be enough to keep me going for a while. Once you have exhausted all the free offers - what then? Can you not just use your own capital instead of the free bet?
 
I am having ago at this. I have a simple understanding of how it works but tried fixtheodds. Only doing 1 offer at the moment and had to deposit 40quid overall, but i only stand to lose 64p or something. Will keep you updated
 
Hi guys. I have a fewquestions about this if anyone still does it.

As mentioned I am doing fixtheodds.com, and getting a grasp on how it all works. I have done 2 offers so far, and made about 20quid. I have noticed now out of the 41 offers left on fixtheodds that a lot of them require you to deposit £50 to qualify, and there arent any £10 deposit offers left. Is this normal? And does it increase the ammount you can lose? Thanks in advance chaps.
 
Ewaf said:
there arent any £10 deposit offers left. Is this normal? And does it increase the ammount you can lose? Thanks in advance chaps.
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There are only a couple of £10 bets, try moving up to the £30 bets (skybets, vcbet, coral etc) if you dont have enough cash to lay against in betfair.

xibinim said:
Finished my first one with Paddy Power and got £15. Problem is I have already joined 5-10 betting companies but should be enough to keep me going for a while. Once you have exhausted all the free offers - what then? Can you not just use your own capital instead of the free bet?
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NO that defeats the point, if you are betting against both outcomes your never going to win anything, betfair takes 5% commision and as your outcome amount will be the same, the free bet removes this. Definately try sites such as matchedbetting.com and read up more.

xibinim said:
First result through - got my £20 free vet with Paddy Power and Betfair says I have £33 available (originally staked £35). It has now told me to bet on the Unterhaching v W Bremen-A game but on Paddy Power the teams are named SPVGG Unterhaching v Werder Bremen II. Guessing it's the same game? It just it wants me to stake £96 this time and I don't want to make any mistakes.

EDIT - I think I have ballsed this up. After yesterday bets were settled it said I could move on to the next bet (the one I mention above). Upon logging back into my account - that tab/box has disappeared?
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Some of the team names are slightly different, in fixtheodds there should be a button to proceed to the next step, check both betfair and your bookie and see what money you have in each. you can look at the various statements to see if you have won.

BTW if anybody wants any advice or a new signup referral code to betfair or fixtheodds let me know via trust
 
ashrobbo said:
NO that defeats the point, if you are betting against both outcomes your never going to win anything, betfair takes 5% commision and as your outcome amount will be the same, the free bet removes this. Definately try sites such as matchedbetting.com and read up more.
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Thats not true at all, you can bet with your own money on arbs, bets with odds out of line at the bookies meaning you will gain profit whatever the result.

Theres also trading (Waiting for odds to move after placing bets) but thats a lot more risky and strategic.
 
Cheers for the advice dfarral. Got some money tied up at totesport then moving onto £30 deposit £30 free bet on skybets. Are fixtheodds offers the best around or can you find better elsewhere? Or is it best to just follow fixtheodds steps.
 
it isnt the most profitable but its definately the easiest and most intuitive, using fixtheodds I aim for 65-70% profit which is easily doable if you dont accept every offer you are first given.

its easily possible if you do it manually to get 75-85% profit, but frankly i don't have the time or patience so manually search and find odds that match.

i do it on my lunch break at work.
 
dfarrall said:
Thats not true at all, you can bet with your own money on arbs, bets with odds out of line at the bookies meaning you will gain profit whatever the result.

Theres also trading (Waiting for odds to move after placing bets) but thats a lot more risky and strategic.
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but isnt that classed as arb betting and not matched betting?

i thought arbing was pretty hard and the profits are very small in comparison?
 
ashrobbo said:
but isnt that classed as arb betting and not matched betting?

i thought arbing was pretty hard and the profits are very small in comparison?
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It is yes, but matched betting initial offers dry up eventually and as you have made a fair sum its often a good idea to put it towards things like this.

It means you can take part in offers that otherwise wouldnt be profitable to take part in.
 
I used to do this when I was a student back in 2005. I basically had an account everywhere and exhausted all the free bets for sports and casinos. Certain casinos even used to do a monthly matched bonus. I kept a spread sheet and think I made about £2,000 doing it before all the free bets dried up. Those were the days. I used to make £50 a week in the pub and £40 a week arb'ing. Made that money stretch.

The best one was the £100 bonus at Ladbrokes casino, I barely had £100 to get the full matched bonus. The casino back then used the micro gaming software with the auto play feature. I wagered through the wagering requirements with blackjack autoplay. I went out and came back to see the £200 had grown to £360. So £260 profit for about 15 minutes or so of messing around. Withdrew that straight away happy as larry!
 
Did I do somethign wrong :\, I only made £4 something on totesport £10 bet?

Bookie Name: ToteSport
Offer Details: Place a £10 bet and get a free £10 bet. Free bet expires 7 days after first bet placed.
Expected Average Return of Offer: 75%
Total Profit: £4.63
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I was expecting more? I wonder why it's less?
 
Ewaf said:
Did I do somethign wrong :\, I only made £4 something on totesport £10 bet?



I was expecting more? I wonder why it's less?
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It depends what offer you accepted, it shows you the percentage you will get back.

you can choose not to accept a bet and itll give you another one, dont acceot till your happy.

You get a % of that free bet, so id aim for 60-65% of your £10 bet (so £6-£6.50)

It doesnt seem like much but as you get onto the bigger bets (50 free) you soon bring back £30-£35 profit per bet
 
Ok thanks mate, I am picking the markets fixtheodds gives me much more carefully. I am going to set this bet up then read up on matched betting and how to lose the fixtheodds middleman.

1 more question. This sky bet one, says OFFER:Place £30 and get a free £30 bet. Yet following the steps I see nothing about a free bet mentioned? Will I automatically get it when I deposit?
 
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