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

Lethal` · 8 Aug 2011 at 22:17

Ranked1_of_1 said:
Unfortunately it was less than £10 so Paddy Power won't let me withdraw it!! How can they do that?

By setting a withdrawal limit which is probably detailed in the terms and conditions you agreed to

fLux_ · 9 Aug 2011 at 12:07

Can't you just deposit another £10 into Paddy Power, then withdraw it all then?

Ranked1_of_1 · 9 Aug 2011 at 12:53

fLux_ said:
Can't you just deposit another £10 into Paddy Power, then withdraw it all then?

That, my friend, is a very good point and I will try that later.

If it does work it highlights the stupidity of the condition - I imagine the reason behind it is to prevent transactions for small amounts as they will probably get charged per transaction - If I can get round it by doing two transactions it defeats the purpose.

@Lethal - somehow I missed this particular condition when reading the T&C's. I normally like to sit down with a cup of tea and read through all 328 clauses before accepting the T&C's (like everyone else does I imagine). I think I will have to make a pot of tea next time and read through it twice to be on the safe side.

fLux_ · 9 Aug 2011 at 19:04

Let us know if it works

Lethal` · 9 Aug 2011 at 19:59

Some bookies have weird requirements for deposits too, like it must be bet at least once first. I suppose you could stick it on a 1.01 odds in the last few minutes of a match though

Ranked1_of_1 · 9 Aug 2011 at 22:01

fLux_ said:
Let us know if it works

It worked!

Simon · 9 Aug 2011 at 22:26

I'm trying this again now the seasons started. Much lower forced losses.

Still waiting for my £50 from coral though

Rapier · 9 Aug 2011 at 22:44

This brings back some memories, made over a grand in the space of 2 months a few years ago on this. Back then pretty much every bookmaker was doing at least £50 free matched bets. I remember betfred and sportingbet doing £200 which was pretty amazing particularly because sportingbet were doing SR as well lol.

knowlton · 10 Aug 2011 at 12:18

Rapier said:
This brings back some memories, made over a grand in the space of 2 months a few years ago on this. Back then pretty much every bookmaker was doing at least £50 free matched bets. I remember betfred and sportingbet doing £200 which was pretty amazing particularly because sportingbet were doing SR as well lol.

Wow, that's pretty impressive.

Did you do it by hand or automatically?

knowlton · 10 Aug 2011 at 12:20

fLux_ said:
Just signed up with Fixtheodds rather than doing it manually, first bets placed

Dammit! I had a refer a friend link!!

Hope it goes well for you

Simon · 11 Aug 2011 at 11:17

Im confused and can't understand why.

First bet after all settling I lost £1.33
From this I have a £50 free bet from Coral and have layed that with £93 on a draw result

If its a draw I get £175 back from Coral and lose the £93 = £80 up
If its not a draw I get £120 payout from Betfair and lost the £50 free bet = £120 up.

Surely this can't be right??!

Lethal` · 11 Aug 2011 at 11:50

Simon said:
Im confused and can't understand why.

First bet after all settling I lost £1.33
From this I have a £50 free bet from Coral and have layed that with £93 on a draw result

If its a draw I get £175 back from Coral and lose the £93 = £80 up
If its not a draw I get £120 payout from Betfair and lost the £50 free bet = £120 up.

Surely this can't be right??!

Sounds like one hell of an arb (back odds considerably higher than lay odds) if so!

What were the odds for each?

Simon · 11 Aug 2011 at 11:54

Draw 5/2

Lay 3.8

Im sure I have something wrong.

Lethal` · 11 Aug 2011 at 11:59

Simon said:
Draw 5/2

Lay 3.8

Im sure I have something wrong.

Looks like it might be fine... what was your lay stake? I'm assuming your liability is £93 and that wasn't your lay stake (I hope not!).

Lay stake of: £33.33
Draw WIN: Coral return £125 - Lay Loss £93.32 = 31.68
Draw LOSS: Lay Win - £31.66 - Coral return £0 = £31.66

That make sense?

Simon · 11 Aug 2011 at 12:49

Thanks,

Lay stake was £33.36.

A Draw win would be on top of the free £50 too surely? Or do you not get the free £50 back as my return from Coral would be £175

Penguin · 11 Aug 2011 at 13:12

anyone got a refer link for fixtheodds? Going to have a look into this

First one to hit my inbox gets it

Lethal` · 11 Aug 2011 at 13:18

Simon said:
Thanks,

Lay stake was £33.36.

A Draw win would be on top of the free £50 too surely? Or do you not get the free £50 back as my return from Coral would be £175

As far as I know Coral is stake not returned, so you only get the winnings of a free bet wager.

Lethal` · 11 Aug 2011 at 13:21

Penguin said:
anyone got a refer link for fixtheodds? Going to have a look into this

First one to hit my inbox gets it

Was going to but I can't as I haven't wagered £75 through them lol...

Can give you a betfair referral if you like though.

Simon · 11 Aug 2011 at 13:22

I was already on Betfair before finding FTO

Lethal` said:
As far as I know Coral is stake not returned, so you only get the winnings of a free bet wager.

Thanks a lot for your help -appreciate it

Penguin · 11 Aug 2011 at 13:22

Lethal` said:
Was going to but I can't as I haven't wagered £75 through them lol...

Can give you a betfair referral if you like though.

sorry matey already have a betfair account