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

Outcast440 said:
ok, but when the sign up 'free bets' run out - then what?
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Then you use your brain and do some research. I'm not trying to be a dick here, but you seem to be either unwilling, or incapable of understanding basic maths and reading a thread which contains all the answers to all your questions. The info is all here, presented to you in this decade old thread, but you still ask these very basic questions. Why?
 
Maybe matched betting is not for them. The basics I've always taken away is that to maximise free bets, your best with odds around 6 and can normally find something around 6/6.2 on football matches or horses at the weekend.

That and don't always take the easy offers. Make a list of bookies, and research their best offers to see if its worthwhile signing up to them right now. Not saying just because bookie A once offered a £100 signup bonus, that they will offer it again, but historically they have increased offers around major events - Cheltenham and similar.

In other news, I’m nearing my limit to withdraw to my bank card, and Betfair will soon ask me to withdraw the next 8k or so to Skrill. Any thoughts how to remove that - just ask Betfair?
 
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Diddums said:
Then you use your brain and do some research. I'm not trying to be a dick here, but you seem to be either unwilling, or incapable of understanding basic maths and reading a thread which contains all the answers to all your questions. The info is all here, presented to you in this decade old thread, but you still ask these very basic questions. Why?
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That doesn't answer the question, and it has nothing whatsoever to do with maths.

The question is simple - 'How do you maintain the profit once the new sign up free bets are used?'.
 
Wh daily horse racing. Money back second.
Scratch of the day
B365 itv races
Sky Inplay
Sky weekly £5
Paddy weekly £10 in combo with money back races (2nd 3rd 4th)
Reload offers emailed to you. Eg deposit £25 get £25
Paddy free £5 on random games.
Free spin offers
B365 inplay up to £50 free.
unibet 15 to go
Betfair exchange weekly £5
Boosted accas or odds that mean you can get arbs
Extra place horse races
Plus all the sign ups.
 
jaybee said:
Can someone post a truthful account of how much time per pound is at play here? I'm sorry to be such a stubborn **** but I simply don't believe some of the claims of "yeah I made a few grand on this over the years". Post your evidence, spread sheets etc. If it takes half an hour a day to make say £20 a week, I'm out. Would be better paid doing overtime at work or getting a second job.
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That's right - and if you notice the 'blogs' out there online, at least 90% have advertising for bogus sites such as 'Profit Accumulator' etc.....I wonder why that is hmmm.

This is kind of like the whoe 'Bitcoin trading' scam.
 
I've made a few grand easily on this mainly over the big festivals. Cheltenham is the big one in years past it was easy to make £1k, now it is harder but £500 over the festival is still attainable. You don't need to do it everyday, just stick to the big events. You'll be gubbed in 5 minutes if you do it all the time anyway.
 
Outcast440 said:
That's right - and if you notice the 'blogs' out there online, at least 90% have advertising for bogus sites such as 'Profit Accumulator' etc.....I wonder why that is hmmm.

This is kind of like the whoe 'Bitcoin trading' scam.
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Nothing at all. Unlike trading offers or tipsters etc. These guys cannot make millions of accounts so they have to sell the tools to people who can then make money from their own accounts.

although you don’t need to use them they can save time and give you all the tools like the each way horse offers easily. Unfortunately they have also caused a massive reduction in the offers by bookies
 
Robi said:
Right let me get my head round this.

When you sign up to X bookies, they give you a £50 free bet which you can only withdraw into your bank account after making 2 bets.

You sign up to an exchange and then try to find a bet which has very similar odds on an outcome on both websites?

You make bets, which then cancel each other out, i.e. win £20 on one and lose £20 on the other (obviously minus commission, so a small loss).

After making said bets and losing a small amount you can now withdraw (whats left) the free bet, for example £36 quid?

Am I completely wrong is that about right?
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Almost right, but if you use a lower stake for the lay bet, then you should be able to guarantee a profit.
 
Outcast440 said:
But for the meantime, can you expalin how an extra place on a horse race actually guarantess a profit?
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You dont tend to guarantee a profit on each race but long term it is profitable. Bookies offer extra places on some races, so they offer 5 places but on the exchange it is only 4 places. Basically if your horse finished exactly 5th (In this example) you make a nice profit, any other place and its usually a small loss.
 
thanks for being honest there - but that to me looks like it can't really count as part of the matched bet system

If it comes in fifth and you lose money, then no better really than just having a standard each-way bet.

And there's a few other ones that poster Simon:cool: added, which don't seem to add up to me:

for example

Money back second.
Scratch of the day
Sky Inplay
Paddy free £5 on random games.
Free spin offers
B365 inplay up to £50 free.


Can't really see how any of these can guarante a profit - anyone beg to differ?
 
Money back second is... if your horse finishes second you get your cash back. Its not guaranteed money on every race but effective odds are in your favour over the long term.

Scratch of the day.... WH offer Bet £10 get £10, bet 10 get 5. Matched bet upto £25, golden goals and so on. Again nearly always a small profit if they offer you a free bet.

Outcast440 said:
f it comes in fifth and you lose money, then no better really than just having a standard each-way bet.
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Coming in 5th nets a profit. Its not guaranteed but again effective odds are in your favour if you do enough of the offers. You could go 50 races before your horse places where you need it to though..
 
Outcast440 said:
thanks for being honest there - but that to me looks like it can't really count as part of the matched bet system

If it comes in fifth and you lose money, then no better really than just having a standard each-way bet.

And there's a few other ones that poster Simon:cool: added, which don't seem to add up to me:

for example

Money back second. -
Scratch of the day
Sky Inplay
Paddy free £5 on random games.
Free spin offers
B365 inplay up to £50 free.


Can't really see how any of these can guarante a profit - anyone beg to differ?
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Money back second. - If you hit enough of them, some will come in second. You are laying your qualifying bet so it costs you peanuts, then locking in 75% on the free bet.
Scratch of the day - Usually a bet x amount, get x amount free. So as above, lay the qualifying bet then lock in the free bet.
Paddy free £5 on random games. - Free money, just lock in 75% of the free bet or punt it for potentially more returns.
Free spin offers - Just play the spins and if you win anything, wager it until you either bust out or have some left over.
B365 inplay up to £50 free. - Again, low outlay on the qualifying bet then lock in 75% of the free bet or punt it.
 
200sols said:
Coming in 5th nets a profit. Its not guaranteed but again effective odds are in your favour if you do enough of the offers. You could go 50 races before your horse places where you need it to though..
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In that case, then why not just do a normal bet ?- easy enough to get a winner at least once in 50 races
 
dowie said:
They will tend to offer more free bets to existing accounts. Note this is hardly some really lucrative thing now, there is some obvious free money from sign ups though.
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I dunno, I'm still pulling in around 700 a month with about 10 hrs a week work. You're right though, it's deffinititely not as lucrative as it used to be and there is a point of diminishing returns. I think even if I doubled my time I couldn't pull more than an extra 200 in. A few summers ago I basically did it full time and did about 2.5k.
 
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