All over already after 1st leg! So am I right in saying that that? Despite the fact the others could all win and I can still hit my refund if the other 5 win. I stop laying all the other bets?
Matched betting - who's done it and who's good at it? (No Referrals)
- Thread starter knowlton
- Start date
All over already after 1st leg! So am I right in saying that that? Despite the fact the others could all win and I can still hit my refund if the other 5 win. I stop laying all the other bets?
Even going up to odds of 10 still only nets £17.19, but with a massive £161 liability.
I'm happy with 75% at least at the start. If it works and I get into it and bank balance grows then maybe start doing higher odds.
Yes this is generally the case but it isn't always possible. The in-play ones are definitely harder to hit as the odds can be so far out at times.
Yes if when you get a losing leg you can stop laying and hope the other results win so you get the freebet.
Or (assuming you're using the spreadsheet from PA) turn the bonus section on and play about with it. Generally when I get an early leg loser i'll turn the bonus section on with one game left. If you're still on for the freebet you can "insure" against the final leg losing so you guarantee profit no matter what. Sounds a lot more confusing than it actually is, just play around with (entering 0.00 for each leg you dont lay).
When only starting out I dont think you need to try get above 75%, it's just a bonus if you do. I use all my freebets on 2 or 3 leg accas which return about 85-90% but I dont think many people new to Matched Betting are going to want to do that, best to keep it simple and stick to singles football matches or horses.
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The answer to this is probably buried deep in the thread somewhere so apologies for asking again... after all the new sign up bonuses what's next? What do you folks move on to typically? Is there something I'm not privy to just yet for those of you who can consistently make a bit of cash every month?
Horses for the most part and a few accas each week. After I did all the sign ups and made £500 or so I subscribed to PA to learn how do both of those things and I've made £3k in a 3 or 4 months in my spare time.
Thanks - understand that now. 2nd leg won so just leave it alone now and if the 4 other matches come in - happy days. If not - cost me £1.07.
Also playing around with the basic sheet - you can "underlay" the last leg (bet less than the suggested figure on the sheet) to make more profit on say a treble, however if the last leg fails then you have a bigger "loss" overall.
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Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
how much money do you need in your exchange to start doing this properly. no point starting if your not going to do it properly.
£500? £1000? £5000?
the concept is simple. bet and lay the same bet. so your always down a percent or two on normal bets but on free bets your up a lot.
obviously maths is involved but there are calculators and excel spreadsheets which do the majority for you.
bet first lay second. any other golden rules?
£500? £1000? £5000?
the concept is simple. bet and lay the same bet. so your always down a percent or two on normal bets but on free bets your up a lot.
obviously maths is involved but there are calculators and excel spreadsheets which do the majority for you.
bet first lay second. any other golden rules?
Deleted member 66701
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Deleted member 66701
I started with £1k from last year's final student loan payment but another chap on my course started with £500 and he's made more than I have! Just took him a little longer to get started while he waited for bets to settle.
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,367
k. so i'm thinking i will need to stick 2 grand a side.
and do you use a separate bank account from your normal current account to keep track of winnings?
i will probably need to do that tbh so I know exactly how much I'm up every week then stick like 25% of the profits into my current account. that way i can re-invest the other 75%. until i get to the point i no longer need to re-invest then i can simply withdraw everything over a certain point on a weekly basis.
Caporegime
I started with £500. It didn't take me too long to really get going. IMO, it's safer anyway to take your time when you start. Some of the qualifying gets require quite big lays so it's best to take your time to avoid mistakes.
Deffo use a separate bank. Will be a nightmare doing it from your main account.
Deffo use a separate bank. Will be a nightmare doing it from your main account.
Deleted member 66701
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Deleted member 66701
Yeah - I use my student bank account.
well you could do, or you could start with less as above if you've not got 2 grand to spare
Soldato
Oh are you a student? You haven't mentioned before. Thanks for letting us know it's a student account, it makes all the difference.
if you can actually do that (as in consistnetly do that not selectively recall the times when it worked and attribute it to skill when there was none) then you'd probably be better of spending your time simply trading on betfair
Go get some sun sweetheart, no need to be so frustrated.