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

dowie · 13 May 2015 at 11:25

Black Dynamite said:
A lot of the offers are completely risk free BUT there isn't a guaranteed profit so it is luck of the draw whether you win, in particular the casino offers.

none of it is completely risk free, you've just got to decide whether it is worth while... 'matched betting' is generally low risk with big name bookies, casino offers can still be +EV and worth doing but yes you do have a bit more variance in the returns you can make

Tosno · 13 May 2015 at 21:52

Naughty boy yet again but lady lucky with me. I put my first £10 free bet on Juventus win or draw, made £13.33.

Simon · 13 May 2015 at 21:59

The CL bet365 offers have been risk free.

bingham67 · 15 May 2015 at 21:23

Note to self read the terms and conditions properly and dont deposit with Skrill why oh why did i sign up to this after everyone raving about it wish just kept me card

could have lost two thankfully only lost one but it was layed against so only small loss can still deposit with card and get me free bet so all is not lost.

I cant post photos · 15 May 2015 at 21:25

I don't use Skrill for that exact reason.

mikey1090 · 16 May 2015 at 14:08

Started again using profit accumulator but done all the signup offers in my girlfriends name this time. (All with her permission of course). Made around £500 since last sunday. Not bad for 6 days "work".

Tosno · 16 May 2015 at 16:30

Seems lady luck likes this naughty boy, I put my second free £10 bet on Wolfsburg to win 1 min before the match, 2 minutes later they were 1 up

game ended 2-1 and I made £18. One more free £10 bet left.

Mattus · 16 May 2015 at 16:33

Tosno said:
Seems lady luck likes this naughty boy, I put my second free £10 bet on Wolfsburg to win 1 min before the match, 2 minutes later they were 1 up game ended 2-1 and I made £18. One more free £10 bet left.

You know you're wasting a lot of the value of the free bet by putting it on at 2.8 odds, right?

Tosno · 16 May 2015 at 16:46

Mattus said:
You know you're wasting a lot of the value of the free bet by putting it on at 2.8 odds, right?

Why wasting? :eek:

If I layed it, it would have been £9~ back. I'd like to know how to win more than £18 on my last free £10.

dowie · 16 May 2015 at 18:24

would've

Tosno · 16 May 2015 at 18:45

For example if I would have layed the best rated one today at 56 odds, profit would have been £11, £7 less and lay of £649.

dowie · 16 May 2015 at 18:49

no

would've

I cant post photos · 16 May 2015 at 19:45

I don't think he gets it mate.

Tosno · 16 May 2015 at 21:55

But you're[sic] kid is fat

dowie · 16 May 2015 at 22:30

inspired by this thread

I cant post photos · 16 May 2015 at 22:34

your making me type lazy now

is this what its like hanging out with the cool kids

mikey1090 · 17 May 2015 at 17:19

Mattus said:
You know you're wasting a lot of the value of the free bet by putting it on at 2.8 odds, right?

Its not bad odds. All depends how much he can afford to lay it off with. Plus the £10er on Wolfsburg would look like a mug bet, rather than him using it like a matched bettor.

Mattus · 17 May 2015 at 17:27

mikey1090 said:
Its not bad odds. All depends how much he can afford to lay it off with. Plus the £10er on Wolfsburg would look like a mug bet, rather than him using it like a matched bettor.

For a stake not returned free bet, it is bad odds.

If laying it off you'd recover £6.22 from that £10 free bet (assuming a 2.8/2.8 match and 5% commission). You should be aiming to recover at least £8 (roughly equal to a 6/6 match). With SNR free bets, higher odds is the key.

Appreciate that he didn't lay the bet off, but that doesn't change the maths (apart from getting rid of the commission).

The reason it looks like a mug bet is because it is a mug bet! Yes, it's less likely to attract attention, but you're throwing away a lot of value approaching free bets like that.

TurnipHead · 18 May 2015 at 23:14

Trying this again. Is it ok to do a few bets at the same time? I can't get my free bet until Sunday so should I wait or do some other offers? Will it be tougher to keep track of?

Should I be focusing on horse races?

Tosno · 18 May 2015 at 23:25

Mattus said:
For a stake not returned free bet, it is bad odds.

If laying it off you'd recover £6.22 from that £10 free bet (assuming a 2.8/2.8 match and 5% commission). You should be aiming to recover at least £8 (roughly equal to a 6/6 match). With SNR free bets, higher odds is the key.

Appreciate that he didn't lay the bet off, but that doesn't change the maths (apart from getting rid of the commission).

The reason it looks like a mug bet is because it is a mug bet! Yes, it's less likely to attract attention, but you're throwing away a lot of value approaching free bets like that.

I still don't understand how I could have made more than £18 from a £10 free bet :confused:

I have one more left and very keen to know!

And it was an educated mugbet

Wolfsburg won 75% of their home games this season and they for some reason wasn't the favourite to win the game.