Matched betting - who's done it and who's good at it? (No Referrals)
- Thread starter knowlton
- Start date
Soldato
It is free money, it's not an addiction at all. I treated it as a mini business if anything.
Had 2k in my MB bank after year 1, with just 1hr a night if that effort!
Had 2k in my MB bank after year 1, with just 1hr a night if that effort!
Soldato
I was referring to the casino offers Dan
I know and the same applies.
Deposit £10 for 100 free spins > wager £10 for 100 free spins > wager £50 for 10 free spins.
Its all just shades of grey. In the same way as:
Deposit £10 get £10 free bet > Get £10 free bet if 2nd/3rd > Get £10 free bet if cross bar is hit.
Pick your volatility level.
Caporegime
- Joined
- 13 Nov 2006
- Posts
- 26,254
I've been meaning to get into this, will check back and read recent advice when I get a chance. Keep putting it off but extra £ is always welcome.
True, but like I said, it's gambling, plain and simple. Yes there's an edge and the risk can be very low but it's always there.
It just irritates me when people come in to this thread to brag about casino wins and how totes amazeballs they're doing, when it is in effect gambling. I just don't want people to sign up to these things thinking they're going to make money, that's a sure fire way to lose money.
Soldato
Well 2up is gambling then, yes? Going after high5 or BBL or money back 2nd/3rd is gambling, yes?
It is all gambling because none of it is certain.
But shades of grey, like i said. How much of a gamble something is is entirely dependant on the size of your risk, the edge you have and the level of volatility.
I think we're missing each other's points. With things like 2up, you know exactly how much it's going to cost you before the match has even started, whereas with gambling you can very likely lose it all. People seem to think that there's guaranteed money there when there isn't, you can burn through tens of thousands of pounds and have nothing to show for it. With bets you know exactly where you stand. If a team goes 2up you are lucky, if not you're not losing anything more than what you anticipated.
Always the critic Diddums. Post a serious post and you're in there mocking it, then this chap comes along going in the opposite direction with his genuine attempt at **** posting and you're mocking that too, you even drag up his posting history, there he is now, with **** on his face... all he was trying to do was a little bit of **** posting and you just have to ruin it for him...
Soldato
- Joined
- 30 Sep 2005
- Posts
- 16,693
I'm going to spend 2mins each day on cheltenham doing the skybet £20 cash back.
My goal is £50 profit at the end of the week.
My goal is £50 profit at the end of the week.
This is true, in the case of matched betting the gamble is more just whatever risk you potentially take when laying (especially if you don't immediately go to market but try to put in a limit order to get a better price) and your counterparts risk - getting gubbed by the bookies or things going wrong with the offer, mismatch of terms and conditions between bookie and exchange when some event happens etc...
As you're no doubt aware you pay the price for laying, it is essentially insurance and for that reason it is generally a -ev bet.
You could have course make use of these offers without bothering with laying at the exchange, plenty of people who have done significant amounts of matched betting will have observed that their exchange balances need to be topped up and that their money comes from the bookies... which is rather obvious as that is where the edge is. Of course that involves taking on a much greater level of risk and as you rightly point this does affect affect how volatile the returns are.
It has been quite a while since I did the casino offers but they tended to be clearly defined too with a certain amount that needs to be gambled in order to qualify for them etc.. your losses are quantified there too and you can work out what your maximum loss is, what the chancers are of that happening etc..etc.. I'd certainly dispute that you'd likely lose it all at least given how the offers used to be structured. Though if they're particularly stingy or have some excessive wagering requirements these days then that is something you can look at in advance too.
At the end of the day it is all gambling just with different levels of risk, the point is still to take +ev bets and make money! In all cases people can turn into mugs and start making -ev bets if they wish, which is why these gambling companies provide us with these offers in the first place, that is ultimately who we're getting paid by: the mug punters.
My stance before I started Oct 2018 was its a waste of time and non stop gambling for little gain, 4 and half months on I’m sat on just under £7k profit by doing a mixture of Sports and LR casinos.
I also don’t considering it addictive, someone mentioned few posts back about treating it as a mini business, I’m pretty much the same just block out times around my job to sit down and go through everything.
I also don’t considering it addictive, someone mentioned few posts back about treating it as a mini business, I’m pretty much the same just block out times around my job to sit down and go through everything.
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Having used yesbets for nearly a month now, it's cracking. Miss the forum (i'm staying off facebook) but the site & interface is just a joy to use. Simple & Quick. I do have issues with sites not loading to the bet. Some go to a landing page and stick which isn't great. But yeah, it's spiffing.
Lost interest in this but it’s Cheltenham so will look again. I have the £50 bet365 one which I will try and just get 80% of the free bets. Will just randomly go for horses on sky on the first races too.
2 yrs ago on Cheltenham I couldn’t stop winning at the bookie when going for 2nd place but obviously exchange was getting emptied.
2 yrs ago on Cheltenham I couldn’t stop winning at the bookie when going for 2nd place but obviously exchange was getting emptied.
Associate
For those who have done a considerable amount of matched betting:
If I commit 40 hours a week to this, like a full time job, and had access to 5 peoples accounts, would it produce a decent annual salary?
As there is no tax/ni I’d effectively be making circa 22% more than a salary ‘take home’.
Is 50k per year physically achievable? Or is there a max limit regardless of how many hours per week committed?
If I commit 40 hours a week to this, like a full time job, and had access to 5 peoples accounts, would it produce a decent annual salary?
As there is no tax/ni I’d effectively be making circa 22% more than a salary ‘take home’.
Is 50k per year physically achievable? Or is there a max limit regardless of how many hours per week committed?
I'm out of date but why not just try it?
It certainly isn't something you should aim to quit your day job or give up seeking employment in order to do, your account(s) can and probably will at some point be banned at various bookies for a start, your initial gains from signup offers don't reflect what you can earn on an ongoing basis.
I'd suspect that 50k per year from matched betting alone is unlikely, certainly on an ongoing basis.
It certainly isn't something you should aim to quit your day job or give up seeking employment in order to do, your account(s) can and probably will at some point be banned at various bookies for a start, your initial gains from signup offers don't reflect what you can earn on an ongoing basis.
I'd suspect that 50k per year from matched betting alone is unlikely, certainly on an ongoing basis.
Soldato
The problem is you may be on track to make 50k a year and quit your job then all your accounts get restricted. What do you do then?
When I was big into it 2-3 years ago I was on something like 17k salary but making between £600-£1000 a month with mb. Then all my accounts went after the Euros. Good job I hadn't quit my job!
When I was big into it 2-3 years ago I was on something like 17k salary but making between £600-£1000 a month with mb. Then all my accounts went after the Euros. Good job I hadn't quit my job!
not a full list but the simple ones are:
Skybet - Money Back as Cash if you lose is available on the first race EVERY day at the Cheltenham Festival. (£20 max)
PP - Money back as free bet on all races day 1 if your horse finishes 2/3/4th (£10 max)
Soldato
Got no idea on what MB is but am keen to make some money on the side - can anyone please point me to specific posts or resources to help me understand?
Have read last 3 pages but nothing for beginners (not ready for Diddums training at this stage at least)
Have read last 3 pages but nothing for beginners (not ready for Diddums training at this stage at least)