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

Does the money made cover your "mug" bets or is it before "account maintenance" takes its cut? I'm maybe missing something on that. Actually... I assume even the mug bets you cover on betfair so you're only loosing pennies?
 
Mercutio said:
Does the money made cover your "mug" bets or is it before "account maintenance" takes its cut? I'm maybe missing something on that. Actually... I assume even the mug bets you cover on betfair so you're only loosing pennies?
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that's the way I see it - look for odds on things, bet on the same team etc.

Like backing Man Utd @ 1.3, then lay on betfair @ 1.31 etc. So £25 on United at the bookies and laid @ 1.31 on betfair would cost you 49p

Stick to the same teams, same F1 driver etc. Same stakes helps as well.

At least that's my basic understanding of it!
 
Yeah, that makes sense, when you win on something unusual, it kinda nicely fits as a "had a useful tip" bet.

Assuming I'm starting with zero bookies accounts opened, what's a rough estimate on the haul one should expect? I'd likely do the month of PA rather than blundering around trying to follow random bits.
 
lhw455 said:
I usually favour smarkets due to the 2% commission, but I guess that if you're laying serious bank, to get it fully matched you'd need a bigger market, is that why the betfair is the highest balance?
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The trouble with smarkets is the lack of liquidity - trying to lay £50 bets on smarkets is painful, so I only use it for £25 bets or below.

As far as losses on mug betting goes - yeah, I lay those off as well - it costs around £10 a day. But that's covered easily by the free bets. For example, If my profit is £500 one week, then I'm happy to lose £50 of that on mug bets the following week.

It also means I rarely have to withdraw from bookies as the money nearly always ends up in the betfair account.
 
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The problem with low cost "Mug" bets is that they are low cost...

Bookies care more about value than anything else, long term the punters they lose money to are the ones that take 1.3 bets where the lay is close to 1.3

A true mug bet is someone that takes 1.3 when the lay is at 1.8

But of course as a match better that costs you more money.

You might keep doing it thinking it's keeping your account alive but is it really? What insider info do any of us have on what traders use to make their decisions?
 
amigafan2003 said:
The trouble with smarkets is the lack of liquidity - trying to lay £50 bets on smarkets is painful, so I only use it for £25 bets or below.

As far as losses on mug betting goes - yeah, I lay those off as well - it costs around £10 a day. But that's covered easily by the free bets. For example, If my profit is £500 one week, then I'm happy to lose £50 of that on mug bets the following week.

It also means I rarely have to withdraw from bookies as the money nearly always ends up in the betfair account.
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How the hell can you still be doing these free bets? They must run out eventually?
 
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Had a race in York and covered with Betfair, hopefully it comes second and nets me a £25 free bet.

Also won £8 on scratchcards on will hilsl, free £5 refunded if you lose worth a dabble folks.
 
I used the play now button like most worst comes to worst go in live chat however I won and didn't need to.

How do people have multiple accounts per bookies btw?
 
in theory if you have a VPN could you use your partners name in her parent's address for example?


just hypothetical of course
 
Tosno said:
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"£5 RISK FREE - SUPER GRAPHICS SUPER LUCKY

Enjoy a risk free £5 on us this Thursday. Just stake £5 on our new game Super Graphics Super Lucky and we will give you £5 straight back in cold, hard cash - win or lose.

Stake £5 and take £5, simple! The real question is - how much will your £5 win?"


I didn't win anything :rolleyes: but better luck to everyone else :cool:
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Free spins on joint account = £4 profit.
Not a single winning spin on my account = await refund. ;/
 
over £10 for me only thing that made it a good day.

Like a muppet I overlayed a winner earlier cost me a tenner, wasn't pleased, lay drifted, had BOG and the odds came up a little, decided to chance it, layed according to amended odds, then arse fell out of exchange and bookies odds (that's my excuse anyway). :(

Lesson of the day, don't rely on BOG!
 
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