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

fLux_ said:
Can't you just deposit another £10 into Paddy Power, then withdraw it all then?
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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. ;)
 
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 :)
 
I'm trying this again now the seasons started. Much lower forced losses.

Still waiting for my £50 from coral though
 
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.
 
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.
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Wow, that's pretty impressive.

Did you do it by hand or automatically?
 
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??!
 
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??!
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Sounds like one hell of an arb (back odds considerably higher than lay odds) if so!

What were the odds for each?
 
Simon said:
Draw 5/2

Lay 3.8

Im sure I have something wrong.
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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?
 
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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
 
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
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As far as I know Coral is stake not returned, so you only get the winnings of a free bet wager. :)
 
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