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

T
Mattus said:
It is correct - but hard to make money from faller insurance. Horses don't fall that often (outside of races like the Grand National) - most races won't have any fallers, let alone the specific horse you need to fall.

Free-bet-if-2nd offers are much more lucrative. A horse comes 2nd in every race, and it's easier to predict which horse will come 2nd than which horse will fall.
Click to expand...

Thanks

On the 2nds, do you just check stats or go for favourite?

Thanks again
 
azibux1 said:
Cool thanks!

Ha I thought betfair was a lot in comparison to 2% on smarkets but obviously they justify it somehow by taking the liquidity issue out of the equation most of the time

Check the liquidity before I even place the initial bet? Sorry as I'm new to this do you mind pointing out where I'd do this on smarkets please?

Thanks a lot! :)
Click to expand...

Under the odds - you'll see another figure.......that is the amount of money at that price waiting to be matched. So if you are laying £20, you need to see £20 or more at those odds.

Mainly because you bet on a match that is 48 hours away - not many people will be in that market until nearer the time as it ties up their money till the game is over.
 
I suspect that a lot of the liquidity on smarkets is provided by smarkets... I'd also suspect that, given this, they're mostly following betfair... ergo if you want a particular price you may find you can lift a their offer and, so long as bet fair hasn't moved, lift it again...
 
booyaka said:
Under the odds - you'll see another figure.......that is the amount of money at that price waiting to be matched. So if you are laying £20, you need to see £20 or more at those odds.

Mainly because you bet on a match that is 48 hours away - not many people will be in that market until nearer the time as it ties up their money till the game is over.
Click to expand...
Ah yes I see the figure you mean, great! :)

And I'm correct in my understanding then that if I lay £20 on X to lose at 1.8, and the figure below is only £15 at the time, the remaining £5 can (and probably will for something popular) be matched by someone before the event starts?

The one I did for Tottenham v Everton was only placed within 24 hours of the game time so I thought that was OK.

I think I'm going to sit back and wait until Monday evening (when my qualifying bet game is) and do the maths after that to make sure I did it all correctly before going any further because if I'm honest at the moment I'm a bit confused and weary :D haha I have won the predicted £14.89 (on smarkets) which is exact to the penny that the calculator predicted for my free bet (the actual free one on Coral lost)... but am not actually 'up' any money really (down in fact ~£9.92) as I'm still waiting on the qualifying bet result and I can't see at the moment how I'm going to end up ~£14.89 in profit because...

Qual. back bet on Coral was £5 on Galatasaray @ 2.25 (coral estimates £11.25 return)
Lay bet on Smarkets was £4.61 against Galatasaray @ 2.46 (showing as 'liability' of £6.73)

So if Galatasaray win I get approximately £11.25 (estimated by coral) from Coral - And do I lose the £6.73 liability on Smarkets also?? As that puts me even further down than I expect
And if Galatasaray lose I get approximately £11.34 (calculated using an online calc) from Smarkets

So either way, currently £9.92 down, even if I get the £11.34 from Smarkets on Monday if Galatasaray win, I'll only be £1.42 up surely not the predicted £14.89?

I assume it must all be correct and I'm actually just reading the numbers wrong somewhere so if anyone can clear it up I'd really appreciate the time / effort! :D thanks a lot so far! :)
 
Can ignore the above... did some more maths and it all looks like it will check out :) Was just reading it wrong (wasn't taking into account my stake that I got back on smarkets)
 
Last edited:
Nothing amazing but first full month laying draws and trading out shows a £155 profit. Doesn't sound a lot for a month I know, but it was 50 bets I made in total, I had 4 losers and 46 winning trades so all in all, not too bad.

I probably should have traded out of the losing bets earlier to reduce the losses but seeing how things progress for my 1st month.

See how things progress.

If people don't want this chat in this thread, please say so and I'll leave it alone. I know it's not strictly matched betting.
 
Some stats for me, for the benefit of all. 1 month in on site, total profit £210 after fee's - I've done only football bets. Would be more, but I have previously registered at other bookies.

In regards to Cheltenham, I'm yet to google this so be kind, what is Hi 5's? Again, is this if a horse wins by 5 lengths you get a bonus in free bets?

I don't have anywhere near the cash flow mentioned above, worth still jumping on for some free bets?

Thanks
 
glen8 said:
If you are taking time off work, ideally you should have 3k in your exchange with a good 1k ready for placing bets.
Click to expand...

I was thinking double that to be comfortable :p:o

tlrBeta said:
Some stats for me, for the benefit of all. 1 month in on site, total profit £210 after fee's - I've done only football bets. Would be more, but I have previously registered at other bookies.

In regards to Cheltenham, I'm yet to google this so be kind, what is Hi 5's? Again, is this if a horse wins by 5 lengths you get a bonus in free bets?

I don't have anywhere near the cash flow mentioned above, worth still jumping on for some free bets?

Thanks
Click to expand...

Absolutely worth doing no matter your bank but this is one of those times where the more the better/easier. Get yourself clued up on extra place races - some good money to be made from this :).

Not sure what Hi-5 is but probably what you have described - there have been various iterations of that offer.
 
Last edited:
I'm just over 2 weeks in and profit up to £240 now. Started with bank roll of 200 and quickly upped that to 500 to move things along. Really thinking about upping that another 1000 -1500 for the next couple of weeks to try and take advantage of as many cheltenham offers as possible. Money is sitting in the bank earning practically no interest but still a little frightened of committing that much cash!
 
Simple ones like Skybet - money back on the 1st race of the day if your horse doesn't win at Cheltenham. Max £20. So should clear £15 easy from 1st race each day - £90 without trying.
 
I'm worried that match betting is becoming so popular now it will be the start of its downfall. I really hope bookies won't change their offers to bonuses only rather than free bets.
 
It's been around for years. There has been a dip of sorts but plenty of money still to be made, especially the intro offers which still offer over £1k of profit.
 
I'll probably stick to those moneyback bets for Cheltenham (if I can).

Unless I find the time to get some information on other offers you mentioned of course (yet to google).
 
booyaka said:
Simple ones like Skybet - money back on the 1st race of the day if your horse doesn't win at Cheltenham. Max £20. So should clear £15 easy from 1st race each day - £90 without trying.
Click to expand...
As above yet to Google...But this sounds intriguing...I assume that the general process is the same for backing and laying, despite it being horses? So choose some horse on skybet very unlikely to win, then lay it on the exchange?
 
booyaka said:
yes - pretty much that.....using some parameters of which games, along with some stats from soccerstats.com etc - I select my games, lay the draw. Basically as soon as it shows a profit, usually if the favourites score first, then I trade out there and then. That's my one rule I'm sticking with. Even if it's £3/4 etc - profit is profit. As we speak - Sevilla v Athletic Bilbao match - goal for Sevilla. Layed the draw at 4.2 pre game, draw is now 7.0, traded out for a profit of £8. Got 3 games on the go tonight.
Click to expand...
Just out of interest, any reason why you prefer to lay the draw rather than back the draw?
 
Anyone use Match Catcher with Profit Accumulator? I'm think about giving it a go for a month with Cheltenham just around the corner, i'll a bit miffed if it turns out to be useless though.
 
Goose said:
Anyone use Match Catcher with Profit Accumulator? I'm think about giving it a go for a month with Cheltenham just around the corner, i'll a bit miffed if it turns out to be useless though.
Click to expand...

I do but probably haven't used it for quite a while :o (might need to look at my subscription)

It's brilliant and I will be using it heavily at Cheltenham next week, makes finding offer matches very easy especially for extra place races. Whether it's worth £15/6 a month is another question. To be honest, I use the Acca Catcher more during quiet periods.
 
You must log in or register to reply here.
Back
Top Bottom