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

Matched betting is great for those who have a little time which couldn't be used for something that earns more. I did it for a while and stopped as couldn't dedicate the time.

However I've got my wife doing it and after about £2K in four months she's done most of the signup offers and now probably clears £20 a day from reload and Accra insurance offers. But it does take three hours a day to do that and the mug bets. As an hourly rate it's not amazing and unless you can multi-account it doesn't scale, but for time rich people like students and house people it can be a nice long term small revenue stream.

We use yesbets and accumulatorgenerator's risk free method as our toolkit. I'm looking into bfscalper.com at the moment which is not risk free but proving very interesting to learn.
 
Agreed. It is time consuming for larger rewards. I only dabble for a bit of extra pocket money here and there. The profit I make is better than any interest rate available at the moment so might as well! That said, if I were to double my work income, I'd stop doing it. Mainly because I'd not have the time but also hourly rate drops to insignificance! :p
 
Shikkaka said:
How sustainable is this long term? I've made £120 in my first week. Surely this level of profit isn't sustainable for the long term?
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I believe the offers are there to make £120 long term feasible.

In a given week we probably do about 10 ACCA refunds across three different bookies that equates to £5 a time profit so £50 there. Add more bookies to that and you could double it easily enough. AccumulatorGenerator generally shows the good offers being with Ladbrokes, Coral, William Hill, 188bet, Titan and sometimes PaddyPower. I don't know if OddsMonkey's equivalent throws up the same bookmakers for ACCAs.

Once signed up to most bookies you'll get enough reload or similar offers a week to clear another £20. Even things like boosted odds can add a few quid at a time. A few of the bookies also have free bet clubs where you get £5 a week free bet just for doing what you're already doing with your mug bets or ACCA refunds. We make £8 a week from Sky and William Hill for example every single week.

Then if you want to do more you can double it instantly by having a way to multi account (friend/family's bank account and a VPN).

To my mind there are two barriers, one that's manageable and one that is less so.

1. Having enough in your exchanges as a float for the offers. So for £120 profit a week doing the offers we do I'd say we need about £1,000 available in the exchange. The ACCAs you're generally effectively needing to lay off £25 or £50 for each at odds of 4-6 probably having £500 tied up at any given moment (it's not done all in one go and over the space of a few days). Then you probably tie up more on longer lay odds for the free bets you'd like to lose and make the most profit on.

2. By far and away the biggest barrier is the threat of being gubbed. To avoid this you need to place mug bets at the very least. This takes time so erodes your effective hourly rate and also is no guarantee the bookie won't take away your account without hesitation for no apparent reason anyway. No bookie accounts means no offers to profit from.

The only solution to that problem is 'exchange only' gambling systems (exchange always wins whether you personally win or lose so they encourage 'abusing' any system you want to follow). To the best of my knowledge none of those are completely risk free like matched betting is. The ones I do know are also time sensitive in terms of when you need to be online, which generally isn't the case quite so much with matched betting. ACCAs and In-play offers do have time sensitivity but it's not measured in seconds or low number of minutes like many exchange only systems. also time sensitive matched betting stuff tends to be football which happens in the evenings and weekends, whereas a lot of exchange only systems are horse racing based in the working day as well as weekends.
 
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Shikkaka said:
How sustainable is this long term? I've made £120 in my first week. Surely this level of profit isn't sustainable for the long term?
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I completed all the sign up offers back in June and since starting back up doing the reloads in November I have made well over a grand. £450 since the 1st of January.

As long as you can keep your accounts open, then £120 a week long term is possible.
 
You can sustain £200-£400 a month fairly easily. It does require a few hours of work, but if you become quick at it, it really doesn't add up to much time.

To start really making money you need to take higher risk offers, do accas and be in it for the long term game (i.e. one month you may be down on profits but you will, given enough time, average out to be in profit over a period of time).

I don't have the time to do this for more than a handful of hours a week. So my profit is between £200-£400. For the sake of a little bit of work it's not too bad for a bit of pocket money.

I don't have time to do the accas, as you have to lay the bets off after each leg, and I can't guarantee being at a computer to do it, and doing it on a mobile phone is pretty much pointless. However accas you can average out £10-£40 profit for each acca. So if you do 5+ a month that's already a nice little earner.

You will have an account gubbed at some point, so just do as much as you can and take on all the offers you can afford to. Place mug bets here and there, but that takes time if you want to make sure you lay them off correctly.

This should be seen as a bit of pocket money, not alternative to a salary IMO.
 
I plan on using whatever I make from matched betting to pay against my credit card, it took some hammer last year, with me buying my first house, so if I can pay an extra £2-400 a month, it'll be clear in no time.

Any additional I make after that will be chipped off my mortgage in over payments.
 
I've cashed in after several months. I just don't have the time to do it really. Whilst it is only an hour or so a night I have better things to be doing and whilst profitable I prefer my time.

Still.... more than doubled my initial investment which isn't to be sniffed at. :)
 
I haven't spent an hour a night. But to keep up the winnings you need to spend that sort of time (or at least from what I've experienced dabbling in it) as all the offers start to become harder to come by (you get the best bonuses when you first sign up).

I'd spend an hour or two a weekend. That's it. I don't have time during the week. And I don't really have time during the weekend.

It's great, but I for the amount of effort required for me (I try not to spend too much time on the PC at home (I don't have a laptop - this is from my phone)) I just CBA, perhaps I'm also not that savvy.

Maybe I'm doing it wrong? But I used profitaccumulator as my guide, and I can't be bothered to do the in-match games, the accas, or the reload offers.

That said, for about an hour a week over a few months I've more than doubled my initial money so have a few grand as a result. If there's a trick I'm missing please do email me! :D
 
Despite having an annual subscription to Yesbets, I have stopped 99% of my MB.
I do the odd mentally good offer but not the day-to-day stuff.

My reasons are as follows:
- In fear of being mugged, wasting a lot on the casinos. Either way you lose.
- I need my weekends and evenings to relax after work. I am more relaxing having my spare to be..well, spare time.
- Overtime is required at the moment and I can't fit in both.

Let me be 100% clear....matched betting is a good way to make a few thousand pounds. I am in no way bad mouthing it!
 
A mate got into MB and he swears that he's hardly spending time on it. He doesn't seem to think all his in non working, waking hours isn't long...
It says very time consuming.
 
OpenToSuggestions said:
Despite having an annual subscription to Yesbets, I have stopped 99% of my MB.
I do the odd mentally good offer but not the day-to-day stuff.

My reasons are as follows:
- In fear of being mugged, wasting a lot on the casinos. Either way you lose.
- I need my weekends and evenings to relax after work. I am more relaxing having my spare to be..well, spare time.
- Overtime is required at the moment and I can't fit in both.

Let me be 100% clear....matched betting is a good way to make a few thousand pounds. I am in no way bad mouthing it!
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I feel the same way.
 
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