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

Yes, people get "gubbed" all the time, this is when they catch on and either close your account or restrict you to silly little bets like 50p and remove any promotions from your account. It helps to "mug bet" which means betting on the things an average mug would bet on, so pick a football team and bet every time they play for example. Lay the bet off at an exchange so it only costs you a few pence a go. The idea is to make your promotion bets look like random gambling bets, ie. put the money on and hope.

As for losing, the only way you can really lose is if you screw up, which is easily done. You need to be extremely careful when placing your bets, especially on sports where the odds change a lot as you may place a lay bet at x odds and the exchange changes the odds to y, which means your bet isn't laid. If you lose at the bookie, that money's gone.
 
Wouldn't mind getting into this. Just to place a few bets a week a build up a wedding fund pot.

Don't suppose anyone can link to any guides etc which give a good enough run down of whats involved etc (apologies I haven't read the thread from the start if it is mentioned).

Glaucus said:
Thanks, is there any way you can lose.
Do they try banning accounts they detect doing this, or anything else?

If not seems like it's worth a dabble.
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I'm imagining those people who are reported winning £100-£200-£500+ are all factoring in lost bets aswell.
 
Well payday Thursday think i'll give it a go. What's the worse than can happen, well I suppose I could lose 200, what I'm willing to set aside.
 
Good luck and as said before, the only thing that can go wrong are mistakes so always check, then check again and then check 5 more times :D:p. Oh and never lay first! It can bite you hard.
 
Start small, and DON'T RUSH. Seriously, that's the biggest reason for people losing money is rushing stuff and making mistakes because you want to move on to the next one quickstyle. Rather one solid bet making a fiver than two and they cancel each other out.

And get a spreadsheet. You will need a spreadsheet.
 
Glaucus said:
Thanks, is there any way you can lose.
Do they try banning accounts they detect doing this, or anything else?

If not seems like it's worth a dabble.
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You lose money if you make a mistake. Some people also don't bother laying off the free bets, thinking "well, it's a free bet, I'm not losing anything". Well, that's really just gambling, and will never return the same level of profit as pure match betting will. Don't fall into that trap. Underlaying/overlaying is fair enough, but always lay.

And don't be afraid of the casino/bingo offers, but I'd advise staying away from the "wager £1000 to get 50x free spins" unless you have a strong stomach and a big bank.

And yes they do ban accounts they suspect of MB'ing - but you won't lose funds in those accounts, you can still withdraw the balance. There are various strategies that you can use avoid accounts being gubbed/blocked - it's all on PA. I've only had one account gubbed (excluding guts who gub everyone!).
 
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Diddums said:
888 gubbed me in their huge wave last year. I hadn't placed a bet in at least four months and I got an email. Ah well.
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Yeah - one of the anti gubbing strategies is to keep the small bets ticking ove r- i.e. always bet on Liverpool every time they play etc.
 
amigafan2003 said:
You lose money if you make a mistake. Some people also don't bother laying off the free bets, thinking "well, it's a free bet, I'm not losing anything". Well, that's really just gambling, and will never return the same level of profit as pure match betting will. Don't fall into that trap. Underlaying/overlaying is fair enough, but always lay.

And don't be afraid of the casino/bingo offers, but I'd advise staying away from the "wager £1000 to get 50x free spins" unless you have a strong stomach and a big bank.

And yes they do ban accounts they suspect of MB'ing - but you won't lose funds in those accounts, you can still withdraw the balance. There are various strategies that you can use avoid accounts being gubbed/blocked - it's all on PA. I've only had one account gubbed (excluding guts who gub everyone!).
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You can lose funds if they think you are multi accounting, someone today did on WH
 
Simon said:
You can lose funds if they think you are multi accounting, someone today did on WH
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Well yes - which is why multi accounting needs to be approached with your eyes wide open - and why discussions on multi accounting don't generally happen on PA.

But you're safe if you have a bookie account in your name, wiusing your cards, at your address etc.
 
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amigafan2003 said:
You lose money if you make a mistake. Some people also don't bother laying off the free bets, thinking "well, it's a free bet, I'm not losing anything". Well, that's really just gambling, and will never return the same level of profit as pure match betting will. Don't fall into that trap. Underlaying/overlaying is fair enough, but always lay.
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I always lay but don't understand this. I would have thought if you didn't lay you would have much larger variation (swings) but overall would still make similar amount on average in the long term? In fact better as you wouldn't be losing the losses in the lay odds differences.

I made my first major mistake last week. I had thur off so did some cheltenham ch4 refunds and backed instead of layed a 365 £50 bet so lost £100. Hit no refunds either so was well down on the day! Up over £2k overall though since I started 7 months ago.
 
I lay horses on the Betfair place market. Lay the next 3 horses at 4.3 and above in a race (e.g. 4.3 4.5 4.9 etc) and in a race with less than 12 runners.

Always profit to be made over the course of an afternoon although I don't do big bets.
 
rs1800 said:
I always lay but don't understand this. I would have thought if you didn't lay you would have much larger variation (swings) but overall would still make similar amount on average in the long term? In fact better as you wouldn't be losing the losses in the lay odds differences.

I made my first major mistake last week. I had thur off so did some cheltenham ch4 refunds and backed instead of layed a 365 £50 bet so lost £100. Hit no refunds either so was well down on the day! Up over £2k overall though since I started 7 months ago.
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No, because say you use a £20 free bet on a 5to1 horse, you would reasonably expect to win the bet once in every five races, so £80 return (as stake is not returned on a free bet) for £100 of free bets. However, the chance of the horse winning isn't 5to1, it's actually nearer 6to1 that you're getting a 5to1 price for, so you'd need to use £120 of free bets to return £80.

If you matched bet that £120, your return would be nearer £90 with good matches. So overall, you'd be £10 better off laying every free bet.

Long term, laying always yields better profits.

It's a simplistic explanation but that's the crux of it.
 
Really struggling with the bet365 £200 bonus offer. Got £1100 tied up in bet365 with £700 still to wager and I just haven't found any good matches over the last 3 days to bet on. :(

Probably going to take weeks to release the money
 
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