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

How frisky do people get with their free bets? The last couple I've been pushing for odds where lay > bet but the markets are very liquid, especially horse racing.

My last matched bet, the lay was open until in-play and the remainder got matched during the race. Had it not I would have either won more at the bookies or come away with a smaller profit at Betfair.

I did another one today, £50 @ 7.5 on William Hill and got a partial match @ 7.2 on Betfair - I actually bookmaked this as it was 7.0/7.6 at the time I placed it. Left it and it's since matched and it's now down to a 5.9 lay on Betfair and a back of 6.0 on William Hill.

I tend to find the markets are so liquid in-play as well that any non-ridiculous lay will probably get matched at some point (unless the horse falls). Yesterday's horse started the race at 20.0, I had an unmatched lay at 9.0 which got matched at some point during.

Obviously with a free bet there is zero risk of losing anything (just not gaining anything/as much) so does anyone else play these a bit more fluidly?
 
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you're using the term 'liquid' where I think you mean 'volatile'

more liquidity should make things easier not the other way around

if you're referring to the markets bouncing around in-play you're not referring to liquidity (the amount available on the bid/offer and further up and down the ladder) but volatility
 
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Russinating said:
How frisky do people get with their free bets?
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Normally no more than 5 and only higher if it's the favourite. Higher odds invites a gubbing - mugs bet on favourites - bonus abusers don't - the bookies know this.

Although having said that, 95% of my free bets go on via acca's nowadays.

Oh - and I've already forgotten about my £269 loss this am - just ended up £240 up on the Marvel slots offer on Betfair :-) And I'm doing pretty well on bingo today - £50 up with a few more games to play :-)
 
Made a wee mistake but stuck as what I need to do. Did a qualifying bet for under 2.5 goals (£30 @ 1.8). The lay was 1.82, the calculator said to do £30 (£24.60 liability) but this only partially matched. So I had £2.18 match, jumped on Tricky Bet to work out the rest. I think my mistake was me misreading how the next lay/partially matched was split, again I thought it was only a small amount had matched but it was in fact £27.41 @ 1.84. I then laid another £25.19 at 1.85 and quickly realised I needn't had bothered. So do I need to make another back bet where the stake matches that last lay? With the back @ 1.8 and lay currently back at 1.82 - the calculator says if I back £25.19, that will match up with my spare lay bet and lose 50p. Is that right?

Probably stating the obvious (or completely wrong) but just want to be sure.
 
How do you go about setting up multiple accounts?

Not sure I can be bothered with the remaining 20 "advanced bet" offers as betting 5 x £50 is just tedious.

Wouldn't mind doing the basic ones again. :)
 
You need people who don't live at your address to hand over their passport, drivers licence, proof of address, banking details and an email account.

Have fun :)
 
I've just signed up with PA and one thing I not 100% is the liability amount. So when using the calculator do I deposit the liability amount into bet fair and the lay amount is taken from that?

Or

Do I deposit the liability amount + the lay amount?

Sorry if I'm being a bit dense :o
 
Just the lay amount. The liability is what you would lose if the bet lost, and therefore you also need at least that amount available in your account which will get sidelined for the lay.

It's the complete opposite of a bet, so whilst you bet £10 to win £100, you would lay £10 to win £10 and potentially lose £100.
 
Russinating said:
Just the lay amount. The liability is what you would lose if the bet lost, and therefore you also need at least that amount available in your account which will get sidelined for the lay.

It's the complete opposite of a bet, so whilst you bet £10 to win £100, you would lay £10 to win £10 and potentially lose £100.
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So if i lose the bet will automatically taken from my bank account or betfair account?

I'm pretty sure I'm over thinking this
 
Do a small £5 bet on Sky, which counts towards the weekly £5 free bet as a trial. It can seem daunting at first but once you've done a few it's ridiculously simple :)
 
Russinating said:
Just the lay amount. The liability is what you would lose if the bet lost, and therefore you also need at least that amount available in your account which will get sidelined for the lay.

It's the complete opposite of a bet, so whilst you bet £10 to win £100, you would lay £10 to win £10 and potentially lose £100.
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Brabbinho said:
From your betfair
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Thanks, makes sense now :D
 
Simon said:
How do u have 3 accounts?
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Join PA and read about "multi accounting" - basically VPN and operating bookie accounts on behalf of friends, family etc. I split profits 50/50 with my dad and sister and pay £100 a month to a couple of friends.

I actually have 6 bet365 accounts, but 3 are still being mugged before I start doing the reloads on them.
 
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Careful with gnoming, not everyone thinks it's a good idea, and lots have had fund suspended, I don't like the idea of PA, done this for a while made a fair few quid without needing to subscribe (or click on anyone's affiliate link).

MSE boards have some great experience and advice if you can't get enough info here.
 
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