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

robfosters · 12 Mar 2017 at 15:34

Anyone know a good, free and easy VPN to use for matched betting please?

Goose · 12 Mar 2017 at 15:56

robfosters said:
Anyone know a good, free and easy VPN to use for matched betting please?

I use PureVpn who created server for me specifically to be able to use Bet365 (who seem to block all known VPN servers), they didn't even charge any extra for it.

Diddums · 12 Mar 2017 at 17:19

robfosters said:
Anyone know a good, free and easy VPN to use for matched betting please?

I'm giving Amazon AWS a go. Seems to tick all my boxes. Will report back at some point.

mr tommo · 12 Mar 2017 at 19:47

I've had loads of different betting account online in the past. Will matched betting be much harder for me?

Looking to sign up to yesbets.

Should I use a VPN?
Should I create new accounts even if I already have one with that bookies?
Whats a reasonable amount of fund to start with?

Diddums · 12 Mar 2017 at 21:02

You'll need to dig out your accounts and force complete the sign ups on Yesbets. Then complete the remaining ones, and move on to reloads. No VPN needed, and I've started with £160. Your bank grows over time which allows you to do more offers faster. The bigger your bankroll, the faster you earn.

I'm sure you've had a few referrals from the bloodsuckers already but if not, use this to get a month free.

https://www.yesbets.co.uk/cheltenham-2017/

Goose · 12 Mar 2017 at 21:07

Does the Yesbets free month apply only to new customers (I've had and cancelled a subscription already)?

Diddums · 12 Mar 2017 at 22:07

I think so, yes. You might be able to get away with a new email address.

tlrBeta · 12 Mar 2017 at 22:11

BigT said:
With the refund you're punting so do what you want and don't lay off. Favourite is the favourite for a reason so there's more chance of it winning in theory but higher odds gives you more rewards. Do whichever you feel like as long as the odds are greater than 2.0 (otherwise you'd be better off 'losing' because you'd make more from your free bet refund)

Just coming back to this if I may,

I see some people are talking about Laying these bets also, why is that? I'm not familiar with this "Lock-In profit" wording mentioned. Surely you will just be in profit from the free bet once it comes through?

Thanks

Kanpai · 12 Mar 2017 at 22:17

tlrBeta said:
Just coming back to this if I may,

I see some people are talking about Laying these bets also, why is that? I'm not familiar with this "Lock-In profit" wording mentioned. Surely you will just be in profit from the free bet once it comes through?

Thanks

Punting the say £20 to qualify for a free bet you are basically only going to recoup £20 as a free bet (and that only a % of it), but if you matched bet your £20 you are locking in profit in the sense that you are not actually punting your initial £20 but laying it off.

By not laying off you are basically hoping for the back to win and give you a considerably larger profit if it comes through (of course at the risk of any punt) as opposed to locked in profit.

Sorry not sure if that makes sense? There is a tutorial on Yesbets site about this one that might explain it better than me lol

It's basically the bookie giving you two attempts to make a winning on your £20 bet, how you wish to play the game is up to you.

tlrBeta · 12 Mar 2017 at 22:30

SpartaK said:
Punting the say £20 to qualify for a free bet you are basically only going to recoup £20 as a free bet (and that only a % of it), but if you matched bet your £20 you are locking in profit in the sense that you are not actually punting your initial £20 but laying it off.

By not laying off you are basically hoping for the back to win and give you a considerably larger profit if it comes through (of course at the risk of any punt) as opposed to locked in profit.

Sorry not sure if that makes sense? There is a tutorial on Yesbets site about this one that might explain it better than me lol

So if I do Lay, I actually get slightly more profit? I did read the example - just still wasn't fully clear as to why you would Lay

*Edit* Removed Combined Liability query - found the FB post.

Kanpai · 12 Mar 2017 at 22:40

tlrBeta said:
So if I do Lay, I actually get slightly more profit? I did read the example - just still wasn't fully clear as to why you would Lay

No, you get a guaranteed lock in of profit, the risk of not laying is if the bet loses so you are in effect -£20 from the get go before even using the £20 again as a free bet, and this is not really a free bet as you are now trying to recoup this by laying it off (or just punting it again).

I think the fundamental thing to remember here is by not laying off the initial bet you either:

A) Win the bet and don't qualify for anything further
B) Lose the bet and get £20 to use as a bet

If you come out on top with Scenario A, happy days, you took a risk by not laying your initial bet and you've made winnings. If you come out with Scenario B, you've lost your initial bet (-£20) and now you have £20 back in the bookies account in the form of a free bet (which you must use on an event and can't withdraw).

The problem now is you are going to have to back/lay that £20 free bet for the minimal QL to get your initial stake back which you actually used to punt in the first instance.

azibux1 · 13 Mar 2017 at 07:37

Question regarding yesbets...

Totesport are offering customers a £25 refunded bet if your first bet loses. To take advantage of this offer, simply place a £25 bet at odds over 2.0 (laying it off of course). If your bet wins, you will have made a profit. If it loses, you will receive a free bet, which you can back and lay for profit.

The bit in bold doesn't make sense to me, or am I missing something obvious?

If you are backing and laying as normal, and your bookie bet wins... surely you don't profit anything as whatever you 'profit' at the bookie will just be to cover the liability on the exchange? You won't actually make anything?

First time experimenting with these "first bet loses we'll refund you" offers last night so apologies if I'm missing the obvious here

Diddums · 13 Mar 2017 at 08:29

On the calculator, the same drop down which lets you select "normal" or "SNR" also has "1st bet refund" as an option. Use that, it'll make sense

tlrBeta · 13 Mar 2017 at 08:32

SpartaK said:
No, you get a guaranteed lock in of profit, the risk of not laying is if the bet loses so you are in effect -£20 from the get go before even using the £20 again as a free bet, and this is not really a free bet as you are now trying to recoup this by laying it off (or just punting it again).

I think the fundamental thing to remember here is by not laying off the initial bet you either:

A) Win the bet and don't qualify for anything further
B) Lose the bet and get £20 to use as a bet

If you come out on top with Scenario A, happy days, you took a risk by not laying your initial bet and you've made winnings. If you come out with Scenario B, you've lost your initial bet (-£20) and now you have £20 back in the bookies account in the form of a free bet (which you must use on an event and can't withdraw).

The problem now is you are going to have to back/lay that £20 free bet for the minimal QL to get your initial stake back which you actually used to punt in the first instance.

Thank you,

So actually what you confirmed is that my losses will be a lot less by Laying the original bet, because if it does lose, i wont have to make up so much on the free bet use.

Yet to have any first bet refund offers - so thank you.

azibux1 · 13 Mar 2017 at 09:19

Diddums said:
On the calculator, the same drop down which lets you select "normal" or "SNR" also has "1st bet refund" as an option. Use that, it'll make sense

Damn

I've placed 3 as "normal"...How likely is that to cause me a problem?

EDIT: Genting, Totesport and Dafabet are the ones in question

Appreciate any assistance please

Thanks!

doodah · 13 Mar 2017 at 09:48

^ I *think* if any of the bets win, you will lose the QL. If they lose, you will get a free bet and you should use this with SnR in the calculator.

Preparing for the next 4 days - some tasty enhanced sign ups (e.g. Bet On Brazil, if you deposit £150, they will give you £75 of free bets). Should be a good few days

azibux1 · 13 Mar 2017 at 09:51

I think that's correct to what I thought... so ideally I want the bookie bets to lose so I get the free ones from them

doodah · 13 Mar 2017 at 09:55

Diddums said:
Just a heads up, Yesbets are offering a whole month free ahead of Cheltenham. I know referrals are frowned upon but as I get nothing out of this and it's purely a gesture of good will, I'm hoping it'll slip through the net. Drop me a trust if you want a referral. Personally I love Yesbets as is fairly well documented here, I wouldn't want to do MB without them.

Give it a go folks, free can't harm anyone

Am I being stupid? How does one Trust you? There isn't anything there.

Diddums · 13 Mar 2017 at 10:18

doodah said:
Am I being stupid? How does one Trust you? There isn't anything there.

Use this link. It's not a referral but will still give you the month free. I'm not fussed about the referral money

https://www.yesbets.co.uk/cheltenham-2017/

Diddums · 13 Mar 2017 at 10:20

azibux1 said:
Damn

I've placed 3 as "normal"...How likely is that to cause me a problem?

EDIT: Genting, Totesport and Dafabet are the ones in question

Appreciate any assistance please Thanks!

This won't cause you any problems, it's just that if the back bet wins, you lose your QL and won't get a free bet. If the lay wins, you'll get the free bet and get more profit than had you calculated as 1st bet refund. There's a vid in the tutorial section of Yesbets.