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

Glaucus said:
Fraud which nothing is going to come from it and you get a big payment. Is it even fraud, against bookie t&cs but then so is matched betting.

So no, it's nothing like you randomly asking fort it. What an utterly stupid statement.
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well yeah and to be fair it isn't really fraud if you're asking them to sign up and open the account and are operating it with their permission and knowledge - it is simply breaking the bookies t&cs

as for 'matched betting' being against their t&cs... it is kind of ill defined anyway - you can make money by not laying on betfair and just playing the offers, you'll still win from the bookies in the long run and the effect is the same for the bookies

the betting industry needs to be better regulated, if they want to give you an offer then you should be allowed to make use of that offer, if they post a price that represents value then you should be allowed to take that price - the idea that they don't need to move their odds to protect themselves but can carry on offering +EV bets to sucker in the gambling degens/addicts while banning winning punters is dubious and unfair... if they're quoting a price they should be held to that price for X amount not rejecting or limiting bets based on who the punter is

in reality they simply don't like winning punters whether that is from 'abusing' bonuses or simply betting with them when they're offering +EV bets to you

the only exception where they do like winners is where people have gotten lucky and ended up winning a bet (possibly an accumulator) that was -EV... the bookies are more than happy for such 'winning' punters to carry on since in the long run they're not 'winning' punters
 
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Tosno said:
Highly intelligent people that want you to commit fraud in their name for £50 a month while you earn lets say conservatively £50 a week from them.
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Yeah I know, I really have trouble sleeping at night.
 
Oh dear.

Some bookies have no issue with match betting, ultimately many bets move money from as most MBs target keeping the exchange full

There is +EV expected due to the free bets given out. The problem I think is that naturally bets used by MB are always good value as you are looking for the minimal qualifying loss / max free bet extraction by finding certain bets.

I think MB isn't what bookies worry about, its the people who are spoon fed by PA etc who are literally all making the same bet which is causing them issues with exposure.

There is no fraud with bookies, however use of another persons identity - even with permission - is a much bigger issue.
 
Glaucus said:
More idiot statements.
By match betting you are already committing fraud, it is no different to someone else doing it, the chance of getting done for it is 0.0000001%.
It is Nott like you committing some unknown fraud, with unknown risk.


So yeah if you so adverse to commuting fraud then you better stop doing matched betting.
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So so wrong.
 
Rofl, it is a "foolproof" method to guarantee profit, otherwise none of us would do it.
You play bookies and exchange off each other to guarantee a profit.

Compared to you opening bank accounts and opening bookie accounts, so no fraud committed there. It's just unwise to let people have access to them.

Simon said:
So so wrong.
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Yet perfectly fits the deception of the uk betting fraud laws.
But it's all a bit pointless as know one will be done for it.
 
What are you 'rofl' at exactly?

I'm fully aware of what it is, and its not fool proof - as people like mumsnet people are doing it with no clue of what they are doing just being spoon fed.

You are talking to me like you have being doing it years?!
 
Was talking tot you ATT all in that part. And no I'm not talking to you like I've been doing it for years.

It is "foolproof"
Hence the speech marks, speech, arks are even in the police website under the law.
It is deigned tot be foolproof and as such I see no reason why it wouldn't fall under that law. Again no one will get done for it.

Now explain why you think it wouldn't fall under such law. And if you can that's fine.
 
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Glaucus said:
So yeah how do you think matched betting does fall under that?
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Matched betting is against the T&Cs of most bookies but it's nothing illegal, there's no deception involved unlike using someone else's identity.

The definition from your unattributed quote would be more suited to claims made by twitter tipsters.

Edit, now I find the source you've rather taken it out of context - http://www.actionfraud.police.uk/fraud_protection/betting_frauds
 
Glaucus said:
Do you know what "" means?
It very much is designed to be foolproof.
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But bookies can refuse winnings if you breach T+C

So by breaching T+C so obviously then it no longer become foolproof. This includes people who have two accounts but a shared IP because they live together.

Anyway its all rather pointless arguing about it. people have different views and time to commit. I've tried to involve mates who have an interest - most cant be bothered to lay etc but happy to do the big offers like bet365 inplays and sky horses. I have no inclination to manage accounts for them.
 
That's a silly argument. That doesn't change the fact you are using a system that guarantees profit.
It's like saying it's Nott a crime to break in because you were stumped halfway through die to security measures.

If someone can show why it does not fall under that law, then fine. But your reason don't hold up.

And yes it's pointless as I said in pretty much the first post,
 
Personally, one of my main attractions for matched betting and multi-account is ******* over the bookies ;)

Couldn't happen to a nicer bunch of people :D:D:D:D:D:D
 
Glaucus said:
That's a silly argument. That doesn't change the fact you are using a system that guarantees profit.
It's like saying it's Nott a crime to break in because you were stumped halfway through die to security measures.

If someone can show why it does not fall under that law, then fine. But your reason don't hold up.

And yes it's pointless as I said in pretty much the first post,
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simply playing the bonuses as they are offered and not laying essentially 'guarantees' a profit in the long run too

whether you've 'abused' bonuses is completely subjective and the T&Cs are deliberately vague so as to allow bookies to withdraw offers at will

their opinion that you've 'abused' a bonus doesn't constitute a criminal offence and if you chose to lay a seperate bet on an exchange it has nothing to do with them
 
http://www.profitaccumulator.co.uk/

What Is Matched Betting?

Well, it isn't gambling; because there's no risk involved.

Bookmakers give away huge cash sums as a way to attract new customers and to keep them betting. We exploit these offers by placing the required bets and cashing out the bonuses with no risk.

We bet on all outcomes to ensure that, no matter what happens, our profit is guaranteed. We don't leave anything to chance.
 
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