Arbs are fine if you can get them. often with grubbed accounts you gate stake restricted as well, so no chance of making anything even with an arb. MB seems to be on its **** at the moment. will probably pick up when the season starts again.
Matched betting - who's done it and who's good at it? (No Referrals)
- Thread starter knowlton
- Start date
I've been doing this full-time for 7 weeks now as I was made redundant recently. Overall, I've been matched betting for just over two years.
Here's a few things I've learnt:
Earnings are highly inconsistent, both day-to-day and week-to-week. There were weeks in July where I made less than £100 against a target of £350. There was a day during Goodwood last week where I made £2.63 profit. I started betting that day at 7:30am, and placed my last bet at 5:00pm. It can be demoralising. On the other hand, there were two days during Goodwood where I cleared £200 profit. And yesterday I made £65 profit from about an hour's work on a "day off".
The inconsistency means you need some sort of living costs buffer if you want to do this full-time. It's no good to be relying on July's winnings to pay July's bills, or even June's winnings for July's bills. What happens if you have a bad month or two?
The inconsistency also means you have to be careful you don't get carried away. There have been days where I've made £350+. It can be tempting to treat yourself after such a good day. But what if that's the only day that week you turn a profit? Or what if next week you only make £40? Across a week/month/quarter, maybe you find you couldn't afford those treats?
Multi-accounting. In hindsight, it would be better to have a few sets of accounts early on if you want to do this full-time. Making money during the week if there are no big events on can be grim. A lot of the time there's only mid-week horse racing, and hitting those offers too hard will get your accounts restricted pretty quickly (I know this from unfortunate experience). But if you have half a dozen accounts, you can potentially make a lot more over the weekends and over big events, meaning you don't need to generate much income from mid-week racing. You can also spread your mid-week racing bets over a bunch of accounts, allowing you to do a few bets per day per bookie, with a lower risk of losing accounts.
Bank. You can get started on about £500. But the minimum practical amount once you've done the sign-up offers is a grand. With a grand, you're going to spend a lot of time moving money around. And you will miss offers due to a lack of funds. £3k would be better, but a big horse racing event will chew through that really quickly and you'll still be spending significant time managing money. I'd say £5k is the sensible minimum amount to do this full-time to be honest.
Mistakes. You will make them. And they can potentially cost a lot of money. Over two years, I'd estimate mistakes have cost me £1500. If you have limited funds and are relying on this money for income then you need to be really, really careful. Even then, you will lose money. You'll place a £50 bet three minutes before the race starts, only to see the odds move, preventing you from getting a good match on that bet. You'll panic. And you'll either lay it off correctly and lose £10-£20, or you'll fail to lay it off and have a genuine £50 bet running, or you'll panic and lay the wrong amount costing you hundreds of pounds if the horse wins. Most of us have done it at some point.
I would like to tell you how much I've made over the past 7 weeks, but I've never been very good at tracking this. The bit on YesBets that tells me is completely corrupted by me editing balances a few weeks ago. What I have done is counted up everything this morning and compared the total against my bank balance four weeks ago (when I received my last pay packet from my employer). The amounts are roughly equal, so I've certainly made enough to cover my bills, regular expenditure, and a little bit more (I went on holiday for a week this month). So probably around £1,200. Not bad.
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Casino offer from Paddy Power - play £10 on 3 arcade games and get 20 free spins (no wagering requirements on 20 free spins).
Hit £132 on the first Frankie Dettori game I played.....£13 out of the free spins. £150 up for 5 mins play. Totally understand it's not guaranteed (casino offers) but a nice profit for a coffee break this morning!
Going to hit the Lay the Draw hard this season and see what I can do with that
Hit £132 on the first Frankie Dettori game I played.....£13 out of the free spins. £150 up for 5 mins play. Totally understand it's not guaranteed (casino offers) but a nice profit for a coffee break this morning!
Going to hit the Lay the Draw hard this season and see what I can do with that
Caporegime
What would happen if you joined with a bonus, then put that bonus on a ridiculous accumulator and won like £50k, would they have to pay it out?
Yes
Wowsers, almost 2 months since the last post.
Just a heads up for any that don't, can't stress enough how good bet365's 2UP offer is. Finally got into the full swing of things, currently doing mediocre stakes (£100-400) spread across a number of games so reasonable profits but it's all adding up.
Just a heads up for any that don't, can't stress enough how good bet365's 2UP offer is. Finally got into the full swing of things, currently doing mediocre stakes (£100-400) spread across a number of games so reasonable profits but it's all adding up.
- Joined
- 9 Apr 2012
- Posts
- 13,072
I'm still going along with the casinos.
Glad to report I have passed £20K profit this year on those.
Glad to report I have passed £20K profit this year on those.
Caporegime
Where do you find the casino deals mate?
Caporegime
How exactly do you profit from that offer?
Pick a team, back/lay them, if they go 2 goals up (e.g. 2-0, 3-1 etc.), the bookie pays out straight away, you then have the option to cash out your bet (at the exchange) then and there or lock it in and hope your team ends up losing or drawing.
I have probably done a terrible job of explaining
but you basically want your team to go 2UP and then end up not winning. A full turnaround like this can be incredibly lucrative e.g. I had a £200 one activate last night, I could have either cashed out at 100% then and there for £54 profit or cashed out/locked in at 50% with a guaranteed profit of ~£25 regardless of the result or ~£224 profit if my team didn't win. I went with the former and annoyingly my team ended up drawing but it was still £54 profit 
, just would have been a lot nice if it were the ~£224 lol. Close odds are very important with these as the larger stakes can start building up high QLs and a large bank (can manage without) as a lot of your bets will likely win at the bookie.
Caporegime
Nice. Think I’ll give it a go. Football has very close matches on the odds a lot of the time, so finding a low QL shouldn’t be too hard.Pick a team, back/lay them, if they go 2 goals up (e.g. 2-0, 3-1 etc.), the bookie pays out straight away, you then have the option to cash out your bet (at the exchange) then and there or lock it in and hope your team ends up losing or drawing.
I have probably done a terrible job of explaining
Close odds are very important with these as the larger stakes can start building up high QLs and a large bank (can manage without) as a lot of your bets will likely win at the bookie.
You will be fine with a watchful eye and quick reactions . Some people like to queue which for me can be hit or miss, with the miss ending up in painful QLs. However the early pay out calculator accounts for your original QL so you can wipe it out if the trigger is activated. Championship games are a good shout and any game involving Fulham.
. Some people like to queue which for me can be hit or miss, with the miss ending up in painful QLs. However the early pay out calculator accounts for your original QL so you can wipe it out if the trigger is activated. Championship games are a good shout and any game involving Fulham.
- Joined
- 9 Apr 2012
- Posts
- 13,072
Profit Maximiser is your friend.
Is your profit from regularly occurring offers for existing accounts? (I.e. not sign up offers). I’m tempted to get back into this on the casino side of things.
- Joined
- 9 Apr 2012
- Posts
- 13,072
They all come from one site now which I've been a member of for some time. Hesitant to name it as it seems to be a bit of an oversight by them and they might well remove it if it becomes too public.
You could say I like bingo, with a bit of swagger, if you know what I mean.
