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

There's loads of choice, you'll just end up in some of the more obscure markets. Try and stick to the more famous ones though. Betting on the U19 Nanking High School U19 Girls Second Team to win against some other weird team when all your other bets are on the chamion's league will flag you up as a bonus abuser.

Horses are brilliant for free bets but as you'#ve found out, the odds change a quite a bit. I find that it's safest to bet on horses the day before the race, as on the day the odds are all over the place.

I'd also recommend sticking to football until you've got the dance down as the odds are much more stable. One mistake can wipe out all your profit.


Oh and read this post. Then read it again.


Diddums said:
A few tips:


Double, triple, quadruple check everything. If you've had a bookie account at a bookmaker before, they won't give you any signup offers. If in doubt, the big ones have an online chat helpdesk you can ask. Don't be afraid to ask as they will sometimes offer you a little incentive too.

Odds change all the time, make sure they match your spreadsheet or it'll mess up your finances (again, quadruple checking everything).

Make sure you're backing / laying the same bet. Make sure you're not backing / backing the same bet.

Read the Ts&Cs. Qualifier bets usually have to meet certain criteria. Read carefully and adhere to them or you won't get a free bet.

Stick to footie at first. Also stick to the more major teams / leagues until you understand it better.

Start with a couple of £5 or £10 offers and go from there.

I also use Topcashback. I'm on £52 extra so far.

Download THIS


Enter all the details you can. Once you enter the back bet odds, back bet stake, and whether the bet is Stake Returned or Stake Not Returned, and finally the lay odds, it'll tell you how much to lay on the exchange (pink box if you're using Betfair).

Click on "add to records" and voila, your bet is saved. Wait for the game to play out, claim your free bet, do the same, and profit.

Any more questions just ask, I'm bored today :p


It gets easier once you get the hang of it. It's great fun, I think that's the more important factor for me, profit is just a bonus.
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Diddums said:
Horses are brilliant for free bets but as you'#ve found out, the odds change a quite a bit. I find that it's safest to bet on horses the day before the race, as on the day the odds are all over the place.
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I did bet on that horse the day before around 7pm last night odds were at 5.9 so i went ahead and took it obviously something messed up.

Another question with Totesport offer it says new customers bet £25 and get £25 free it says you get the £25 free after your first bet is settled does that mean outcome or after you placed it? As my original bet is not until Thursday so i was abit confused at to how i have been granted the £25 free bet already.

Not that im complaining i just put it on for profit.
 
Diddums said:
Settled means once the bet has either paid out (won) or lost, so after whatever event you bet on. Some bookies do offer the free bet immediately however.
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I see strange as in it T&C's it says "Your free bet (up to £25 or currency equivalent)) will be available in your account within 48 hours of your first bet being settled."

But i have it before it settled regardless it a nice bonus :)
 
most spread betting sites have promotional offers too which are worth taking a look at, not sure if they're included in the various idiots guide websites (in fact hopefully they're not as the offers will become less lucrative)
 
PA has them.

I've just tallied up my potential profit for today had I taken advantage of all the offers sent to me - £340.

That said, my inbos has been going mental, whereas some days I just get one email asking me if I'm still alive.
 
there is one SB site that amusingly I'd never deposited anything at and I've now got nearly a grand in the account... was years ago when I first looked at matched betting I also took advantage of a very generous no deposit required free bet and won £250, I then got sent another offer as I hadn't used the account, free £5 a point bet on the FTSE... unfortunately for them it moved a double digit number of points between me opening and closing my bet, had another random offer from them, then some letter to say my account was being moved to a different company... then got a new offer from that company to win an ipad by placing X amount in bets, then as I didn't take advantage of the offer(I've just let the account sit there dormant) they mailed me again months later offering me the ipad deal with only half the required bets... might finally take advantage of it
 
Soooo.. Signed up as a platinum member over at PA this evening.

Everything almost went to plan except as I was a little new to it and slow the odds changed on betfair and I ended up laying the wrong amount. Not by a great deal but enough that my spreadsheet(from above) is a couple of quid out on what's actually in my account.

I don't think trying an in play bet was the best idea for my first one. Wish I'd have waited for half time instead.

Still.. Deposited £131.71 tonight and up £14.

Same offer looks to be available on bet365 for tomorrow night game too so will give it a go then.


Is that spreadsheet a page back the best way to track everything?
 
I've always wanted to try MB but never really committed the time to researching how to physically do it. After reading the PA website and completing the first offer, it is actually really simple. I'm up £15 so far, with another bet in play which should net me around £8.

I signed up to the Platinum membership to gain access to all of the offers and Facebook forum, so the plan is simply to work through them as best I can.

The only annoying factor I can see is the withdrawal times between bookmakers. I'm guessing you guys keep a 'float' in your account at all times and then only withdraw profit from each bet?

Also, how many offers do you guys do a night? I'm aiming to do 2-3 qualifying bets and matched bets each night. Hopefully netting anything up to £50 a night.
 
Just placed my first bet but had a bit of a problem with my betfair bet, part of it was unmatched.
I quickly cancelled that and put the amount unmatched on the newer odds, I hope I did right :confused:

There's certainly a lot to think about, I'm sure it'll get easier.
 
mr tommo said:
Might need to contact you with it later, having a bit of a nightmare with the spreadsheet :(
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Sure, I'm only a trust away :)

Robi said:
The only annoying factor I can see is the withdrawal times between bookmakers. I'm guessing you guys keep a 'float' in your account at all times and then only withdraw profit from each bet?

Also, how many offers do you guys do a night? I'm aiming to do 2-3 qualifying bets and matched bets each night. Hopefully netting anything up to £50 a night.
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I don't keep floats anywhere, I just wait it out. Yesterday I had all my cash in bookies so couldn't do anything. Today some withdrawals hit my account so I'm might place a few bets. Also, I don't do it every day, only when I feel like it. It's also great for passing time on night shifts (which is why I initially started it).

DampCat said:
Im a bit confused regarding "liability". Can someone explain?
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Liability is what you stand to lose at the exchange if the back bet wins. The easiest way to think of it is what you'd win if you placed a bet at a bookie and it won. That amount that you win, is their liability.

chipperhead said:
Just placed my first bet but had a bit of a problem with my betfair bet, part of it was unmatched.
I quickly cancelled that and put the amount unmatched on the newer odds, I hope I did right :confused:

There's certainly a lot to think about, I'm sure it'll get easier.
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I've always let unmatched bets run. I've not once had an event finish without bets being matched. I might have been lucky though, but I find keeping my cool and waiting it out usually works.
 
Anyone used the 10Bet free £200 sign up bonus? Surely that's got to go on something like Chelsea or Man Utd this weekend? Chelsea is 2/1. Almost an easy £600?
 
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