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

I would like to know this as well. Moved most activities to my other bank account but don't want to get stung - though I am years away from any sort of mortgage :p
 
By what I've heard from friends who have recently applied or attained mortgages I was under the impression you need to provide bank statements for all accounts in your name/
 
Gigabit said:
Can somebody explain how you make money on the wagering offers? There's a Betsafe one where you have to wager £360 and if you're losing £1+ a bet with laying (each bet at Betsafe is £30, so £30 x 12), how are you going to make any money?
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You need to try and lose as little as possible on the wagering bets and hope that you lose the money in the bookie early to the exchange
 
Gigabit said:
Ah **** I think I've ****** up big time on this one! I've done all the bets at once - I'm guessing this was the wrong thing to do!
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It's not ideal... As said it is handy and obviously the best situation when you just make one bet with 'reasonable' odds... If that then loses in the bookie, all the money moves to the exchange and the wagering becomes irrelevant
 
azibux1 said:
It's not ideal... As said it is handy and obviously the best situation when you just make one bet with 'reasonable' odds... If that then loses in the bookie, all the money moves to the exchange and the wagering becomes irrelevant
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I'm afraid I'm a bit confused. So you're saying you pick something that is very likely to lose at the bookie and so on that you put your entire bookie balance, including the bonus (i.e. £60 as it's £30+£30) on that and then lay that at the exchange?
 
Gigabit said:
Ah **** I think I've ****** up big time on this one! I've done all the bets at once - I'm guessing this was the wrong thing to do!
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Just means you will most likely lose more money on the wagering than you would have done taking it 1 bet at a time.

Once you had completed your qualifying bet and got your bonus bet, do your bonus bet and hope it loses in the bookie, if the back bet wins then place all the money in the bookie on a nomal back/lay bet and hope again the back bet loses. Repeat if the back bet wins until you've lose the money in the bookie to the exhange or youve completed the wagering requirements and can withdraw the money
 
Gigabit said:
I'm afraid I'm a bit confused. So you're saying you pick something that is very likely to lose at the bookie and so on that you put your entire bookie balance, including the bonus (i.e. £60 as it's £30+£30) on that and then lay that at the exchange?
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I think you only need to wager the bonus

And with regards to the other part... It's up to you really.. Obviously if you take something with higher odds (more likely to lose at the bookie) then you're taking a bigger hit in your profit, but you're also more likely to make the wagering irrelevant.

BUT of course if that outcome DOES happen, then you've taken a big hit in your profit for nothing as you still need to wager. It's just a decision you have to make.

I quite like to pick something risky once or twice in the hope that it makes the wagering irrelevant when it loses
 
Gigabit said:
I'm afraid I'm a bit confused. So you're saying you pick something that is very likely to lose at the bookie and so on that you put your entire bookie balance, including the bonus (i.e. £60 as it's £30+£30) on that and then lay that at the exchange?
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If its a bet £30 get £30 free bet:

Do your £30 quali bet first

Get your £30 free bet

Do the £30 free bet

If the back bet wins on the free bet then you'll need to do the wagering requirements, if the back bet loses then the offer is complete.

If the free back bet has won then wager the full bookie balance on a normal back/lay bet at the minimum odds possible (there is normally minimal odds requirement for wagering like there is with the quali bet) and look for equal odds or as close as possible to lose as litttle as possible.

If the back bet wins again then repeat the last step until it loses or you've completed the wagering requirements.
 
Big Spender said:
Just means you will most likely lose more money on the wagering than you would have done taking it 1 bet at a time.

Once you had completed your qualifying bet and got your bonus bet, do your bonus bet and hope it loses in the bookie, if the back bet wins then place all the money in the bookie on a nomal back/lay bet and hope again the back bet loses. Repeat if the back bet wins until you've lose the money in the bookie to the exhange or youve completed the wagering requirements and can withdraw the money
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This one's a bit different though which is why I think I've got confused. You deposit £30 and you get another £30 bonus straight away, without needing to place any bets. You can't withdraw the £60 until you've wagered that amount 6 times, i.e. until you've wagered £360.
 
Gigabit said:
This one's a bit different though which is why I think I've got confused. You deposit £30 and you get another £30 bonus straight away, without needing to place any bets. You can't withdraw the £60 until you've wagered that amount 6 times, i.e. until you've wagered £360.
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Are you using a site like oddsmonkey or oddsmatcher?
 
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Here is the guide from oddsmonkey. See if it makes more sense

For this offer, you need to make deposit of £30, you will then receive a £30 bonus. The deposit + bonus need to be wagered x6 before withdrawable
Step-By-Step Mini Guide
  1. Register at Betsafe
  2. Deposit £30 using a debit card. E-Wallets are not eligible for the bonus
  3. You will then receive a £30 bonus. Your £30 deposit + bonus will be tied together until the wagering has been completed
  4. Use the Oddsmatcher (at the bottom of this page) to find a suitable Matched Betting opportunity. Minimum odds 1.80.
  5. Use the Calculator in ‘Normal’ mode. The calculator will show you your LAY amount and liability. The LAY amount is what you'll type in the stake box however the liability is the amount you will need to deposit or have available in your betting exchange.
  6. Place a £60 BACK bet at Betsafe.
  7. LAY the opposing view at the exchange.

    If your bet loses you will be done with the offer and can enjoy the risk free cash. If the bet wins you will need to continue wit the steps below until the wagering (£360) has been completed or your balance has been lost to the exchange

    Rollover
  8. Use the Oddsmatcher (at the bottom of this page) to find a suitable Matched Betting Opportunity.
  9. Use the Oddsmatcher Calculator in ‘Normal’ mode to calculate your Matched Bet. (Use odds over 5.0 to maximise profits)
  10. Place a BACK bet at Betsafe.
  11. LAY the opposing view at the exchange.

Repeat steps 8-11 until you eithe lose your balance to the exchange or complete a total of £360 in bets. Once you have completed the wagering you are free to withdraw
 
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