| Matched betting with free bets as small side income on 12:05 - Oct 20 with 1572 views | ClareBlue |
| Matched betting with free bets as small side income on 11:46 - Oct 20 by J2BLUE |
Have you actually got any experience of matched betting? A lot of what you're saying does not match up with what I have seen.
You do not need to lose to get free bets.
If you just take offers then you will be gubbed but it doesn't happen anywhere near as quickly as you claim for most bookies.
'I would love to see how anyone has made 500 plus a month doing matched bets for more than 3 months without any loses from any other activity. I would be genuinely interested in that.'
Virtually everyone who does matched betting could do this easily. Matched betting does not go on forever but this myth that it burns brightly for about 2 months and then dies is not fair at all.
Admittedly I have had three sets of accounts for each bookie but i've been matched betting 7 years and i'm still making a couple of hundred each month. That is without bothering with the likes of EPs and being pretty selective what I choose to do. I have also barely scratched the surface of the casino side. |
Yes I have plenty of experience of matched betting and under rounding books through arbing across platforms.
Obviously your experience is not mine.
But you state you only do 200 a month but could easily be bigger. My thoughts on that. Why are you not bothered to go bigger if it is easy. If you value your time more than the few hundred you can make then why 200. If you don't want or need the extra few hundred then why doing the 200.
Maybe I'm just naturally cautious, but someone that says that can make money like this but isn't actually doing it to it's full potential or has to sell ideas to others, makes me question it. Maybe just me though. If you want extra money then why aren't you maximising it.
Anyone that can show me a spreadsheet of verified match betting for an account over 6 months old that made 500 a month without any loses from other activity?
I'll give you 200 Euro. No issue with a 3rd party holding it. |  | |  |
| Matched betting with free bets as small side income on 12:26 - Oct 20 with 1538 views | J2BLUE |
| Matched betting with free bets as small side income on 12:05 - Oct 20 by ClareBlue |
Yes I have plenty of experience of matched betting and under rounding books through arbing across platforms.
Obviously your experience is not mine.
But you state you only do 200 a month but could easily be bigger. My thoughts on that. Why are you not bothered to go bigger if it is easy. If you value your time more than the few hundred you can make then why 200. If you don't want or need the extra few hundred then why doing the 200.
Maybe I'm just naturally cautious, but someone that says that can make money like this but isn't actually doing it to it's full potential or has to sell ideas to others, makes me question it. Maybe just me though. If you want extra money then why aren't you maximising it.
Anyone that can show me a spreadsheet of verified match betting for an account over 6 months old that made 500 a month without any loses from other activity?
I'll give you 200 Euro. No issue with a 3rd party holding it. |
Because I work in the betting industry for 40 hours a week. 40 hours a week of looking at screens. Sometimes the last thing I wish to do is look at screens when I leave off. £200 is about the average, not a target. It's from the low hanging fruit. I could sit at a laptop every spare minute of every day and make more money just as the person who works in Asda stacking shelves could spend more time doing it for more pay if they wish. At some point it's just not worth it. If I was jobless and worried about paying the electric bill then I obviously would invest more time.
I can't send you a spreadsheet. I never bothered tracking anything but a running total of profit using a notepad file on my laptop. Each month I reset it to 0 and add it up as I go again. Every qualifying loss is immediately deducted. My last job had awful pay so I was topping up my income for at least a couple of years there with matched betting income.
If you wish to go on one of the social media groups of matched betting companies and make your challenge your 200 EUR will not last long! The big two matched betting companies are 5* rated on trustpilot. |  |
| |
| Matched betting with free bets as small side income on 12:27 - Oct 20 with 1525 views | suffolkpoker |
| Matched betting with free bets as small side income on 12:05 - Oct 20 by ClareBlue |
Yes I have plenty of experience of matched betting and under rounding books through arbing across platforms.
Obviously your experience is not mine.
But you state you only do 200 a month but could easily be bigger. My thoughts on that. Why are you not bothered to go bigger if it is easy. If you value your time more than the few hundred you can make then why 200. If you don't want or need the extra few hundred then why doing the 200.
Maybe I'm just naturally cautious, but someone that says that can make money like this but isn't actually doing it to it's full potential or has to sell ideas to others, makes me question it. Maybe just me though. If you want extra money then why aren't you maximising it.
Anyone that can show me a spreadsheet of verified match betting for an account over 6 months old that made 500 a month without any loses from other activity?
I'll give you 200 Euro. No issue with a 3rd party holding it. |
I have a mate and we always bet the free bets, enhanced odds etc on the euros and WC.
We dont ever arb / match bet the free bet. We just pick the team, with the free bet and let the bet ride. As its a major tournament you get daily offers off free bets. i use a site for free where thats listed and we both bet using the same offers.
We go 50/50 on all bets and keep a running log on google sheets but only when a big tournament is on.
Im pretty sure we have made £500+ on the last few tournaments.
Most england games we would have £50+ off free bets on the game.
If England would of won the final we would off made another £300+, this would of been a game time to lay the game for guarateed profit but we didnt.
You have to fund around 10 betting sites off £25+ at the start of the tournament. |  |
| |
| Matched betting with free bets as small side income on 14:32 - Oct 20 with 1465 views | ClareBlue |
There is a very dangerous mindset developing here.
And anyone that comes to me and says they are a serious investor using proper strategies or models to lock in profits and doesn't keep records has limited credibility with me. The community you talk about are gamblers who get a good arb every now and then or use a bookie bonus to make a profits when they can get them. My 200 would last just fine with them, I can guarantee you. They have identified around 19 Euro of proper matched profit this week on the site. Plenty of no lose and free bets and complex multiples and place bonuses but these are really complex to match properly and bookies know it - long way to 500 a month.
I never said it doesn't work but I'll reiterate what I have said as a last post and just show everyone a real example:
1. This is not 'risk free'. Anyone experienced in any form of gambling knows about this so the only target for this is people who have no experience in gambling, exactly like the start of this thread. There is a significant risk when you are exposed to gambling that it will lead to problem, or worst case, pathological gambling. Nobody goes into a bookies or looks at a betting site online and thinks that in 20 years I will have spent all my disposable income on gambling or lost my house or broken up a family stolen to fund gambling. But it happens to thousands of people every year. Not hundreds but thousands. Every single one had no idea they would be the one of those thousands. It's the exposure to the sites that's the issue for some. Why does the industry give sign up bonuses, free bets etc. Because they know that a significant percentage who go on their site to play the free money will continue with their own money. This is the fact. Of course most are fine and only do the matched bets and use the bonuses but you don't know who will get caught in the progressive compulsion of pathological gambling. If you don't think this is a risk that will manifest it for some when doing this then you are in denial. Anyone selling this to someone else that says this is risk free is being selective and no real understanding of risk. Obviously not all but you have to decide if the real risk is worth the potential returns. Which is my second point.
2. My view is the actual benefits from taking the above risks are over hyped. They don't tell you about accounts being limited, restrictions on interlinking, restrictions on multiple accounts, premium commission if it is working on the exchanges (nobody mentioned that yet have they - maybe because they are not making enough), cross account monitoring (Betfair and Paddypower sharing data as the same company for example) and potential issues with credit further down the line. To answer the mortgage question. If you are using a separate account then it has to be funded. If you fund it from your main account the mortgage company will ask where that payment is going and then want to look at your second account. And you will not get a mortgage in usual circumstances if you are paying to a betting site. And mortgage applications ask you about other accounts, so you have to lie. Another risk they do not tell you about when they say it is 'risk free'. And the Know your customer requirements mean you will not be able to fund through 3rd parties. If you get away with it for a bit when you get caught you will have all payment frozen - another risk not understood by people reading these adverts.
Of course you can make it work and plenty do but you have to understand all the risks, which brings me onto a real example, to prove I do understand this and also the reality.
start today with Paddy power
sign up - bet 10 and get it back if it loses (you can only do this once)
These are the conditions
limited to one per person, family, shared computer, shared e-mail etc
no deposits with e-wallets, skrill, paysafe, paypal, apple pay, and netteller - only debit cards - now why would that be a term and condition. well if you really understand this you will know, as I do.
customers registering for this are not entitled to any other sign up offer
the offer excludes a list of bet types - why? well again you have to understand what they are doing.
Can exclude or limit at their complete discretion and not pay at their complete discretion - and they do if they think you are linking accounts.
So now you understand all the limitations you have your 10. You have to go through their site of course to get it - all those graphics designed to make you feel good. Then you have no lose 10 to back. (your 10 mind)
so you back a shot at 2/1 to win 20
It loses and you still have your ten (no profit). It wins and you have your 10 and 20 (20 profit) that's just a no lose gamble. What do you do with your 10 - withdraw it or maybe have another go without the no loss, then it lost so you deposit just another 20 to get it back and so it starts for some.
But you are a discipline match better. Matched betting says you should lay 6 at, for example, 2.2
It wins and you have 20 profit but pay 13.20 and have a profit of 6.8
It loses and you are even but make 5.70 from the lay for a profit of 5.70
You can get the maths exactly right to have the same profit from either outcome.
so you make around 6 Euro on that one that you can do once on the account (500 Euro is looking a long way off)
You have to have money tied up on the exchanges of course and your 10 Euro in the PP account and given them all your details etc, but it is worth the 'risk free' 6Euro.
I have just checked the matched Betting Blog and some of their claims are extremely misleading and would only be for very specific circumstances.
With unrestricted accounts (highly unlikely for all the bookies they are highlighting - but we will say you are there) this week will make around 19 Euro. These do not include one off sign up bonuses which everyone can do once. They then list about 20 situations where there is 'potential to make a profit'. Well any betting situation has potential to make a profit. That's what it is. They are basically no loss situations, which are fine but not making you the 500 Euro a month.
Some are also complex for the beginner.
would you really know how to meet this match offer that they state you can lock in profit
stake total of 20 on multiple bet - 3 selections plus and you get a free bet on settlement
of 5. I can absolutely state that there is no way what so ever that you can match that to lock in a profit, yet it is on the blog as an offer this week. There are numerous examples of this type of rubbish. Laying multiples will be increase your over round on the lay to around 90% when you will be backing at 110 plus if you are good at finding the events with the tightest spreads. A 5 free bet not even getting anywhere near to being able to match those spreads. If you have no idea what I'm talking about then don't even venture here. After 40 years I can well see an over round and under round book just by looking at the odds. It is this that is crucial to how the maths work for matched bets.
oh, a free bet doesn't include your stake if you win - anybody said that to you before you start using all the free bet offers. So a 5 free bet at evens will return 5 not 10. Try and work that out with matched betting. That is really complex to match. It can be done but it is significantly different to using a real stake that you get back if lost.
But it's all 'risk free'.
I've only spent so much time on this because it is time these things needed saying.
that's me finished on this thread unless someone is up to the challenge.
Good Luck | | | |
| Matched betting with free bets as small side income on 17:17 - Oct 26 with 1311 views | ThisIsMyUsername |
| Matched betting with free bets as small side income on 14:32 - Oct 20 by ClareBlue |
There is a very dangerous mindset developing here.
And anyone that comes to me and says they are a serious investor using proper strategies or models to lock in profits and doesn't keep records has limited credibility with me. The community you talk about are gamblers who get a good arb every now and then or use a bookie bonus to make a profits when they can get them. My 200 would last just fine with them, I can guarantee you. They have identified around 19 Euro of proper matched profit this week on the site. Plenty of no lose and free bets and complex multiples and place bonuses but these are really complex to match properly and bookies know it - long way to 500 a month.
I never said it doesn't work but I'll reiterate what I have said as a last post and just show everyone a real example:
1. This is not 'risk free'. Anyone experienced in any form of gambling knows about this so the only target for this is people who have no experience in gambling, exactly like the start of this thread. There is a significant risk when you are exposed to gambling that it will lead to problem, or worst case, pathological gambling. Nobody goes into a bookies or looks at a betting site online and thinks that in 20 years I will have spent all my disposable income on gambling or lost my house or broken up a family stolen to fund gambling. But it happens to thousands of people every year. Not hundreds but thousands. Every single one had no idea they would be the one of those thousands. It's the exposure to the sites that's the issue for some. Why does the industry give sign up bonuses, free bets etc. Because they know that a significant percentage who go on their site to play the free money will continue with their own money. This is the fact. Of course most are fine and only do the matched bets and use the bonuses but you don't know who will get caught in the progressive compulsion of pathological gambling. If you don't think this is a risk that will manifest it for some when doing this then you are in denial. Anyone selling this to someone else that says this is risk free is being selective and no real understanding of risk. Obviously not all but you have to decide if the real risk is worth the potential returns. Which is my second point.
2. My view is the actual benefits from taking the above risks are over hyped. They don't tell you about accounts being limited, restrictions on interlinking, restrictions on multiple accounts, premium commission if it is working on the exchanges (nobody mentioned that yet have they - maybe because they are not making enough), cross account monitoring (Betfair and Paddypower sharing data as the same company for example) and potential issues with credit further down the line. To answer the mortgage question. If you are using a separate account then it has to be funded. If you fund it from your main account the mortgage company will ask where that payment is going and then want to look at your second account. And you will not get a mortgage in usual circumstances if you are paying to a betting site. And mortgage applications ask you about other accounts, so you have to lie. Another risk they do not tell you about when they say it is 'risk free'. And the Know your customer requirements mean you will not be able to fund through 3rd parties. If you get away with it for a bit when you get caught you will have all payment frozen - another risk not understood by people reading these adverts.
Of course you can make it work and plenty do but you have to understand all the risks, which brings me onto a real example, to prove I do understand this and also the reality.
start today with Paddy power
sign up - bet 10 and get it back if it loses (you can only do this once)
These are the conditions
limited to one per person, family, shared computer, shared e-mail etc
no deposits with e-wallets, skrill, paysafe, paypal, apple pay, and netteller - only debit cards - now why would that be a term and condition. well if you really understand this you will know, as I do.
customers registering for this are not entitled to any other sign up offer
the offer excludes a list of bet types - why? well again you have to understand what they are doing.
Can exclude or limit at their complete discretion and not pay at their complete discretion - and they do if they think you are linking accounts.
So now you understand all the limitations you have your 10. You have to go through their site of course to get it - all those graphics designed to make you feel good. Then you have no lose 10 to back. (your 10 mind)
so you back a shot at 2/1 to win 20
It loses and you still have your ten (no profit). It wins and you have your 10 and 20 (20 profit) that's just a no lose gamble. What do you do with your 10 - withdraw it or maybe have another go without the no loss, then it lost so you deposit just another 20 to get it back and so it starts for some.
But you are a discipline match better. Matched betting says you should lay 6 at, for example, 2.2
It wins and you have 20 profit but pay 13.20 and have a profit of 6.8
It loses and you are even but make 5.70 from the lay for a profit of 5.70
You can get the maths exactly right to have the same profit from either outcome.
so you make around 6 Euro on that one that you can do once on the account (500 Euro is looking a long way off)
You have to have money tied up on the exchanges of course and your 10 Euro in the PP account and given them all your details etc, but it is worth the 'risk free' 6Euro.
I have just checked the matched Betting Blog and some of their claims are extremely misleading and would only be for very specific circumstances.
With unrestricted accounts (highly unlikely for all the bookies they are highlighting - but we will say you are there) this week will make around 19 Euro. These do not include one off sign up bonuses which everyone can do once. They then list about 20 situations where there is 'potential to make a profit'. Well any betting situation has potential to make a profit. That's what it is. They are basically no loss situations, which are fine but not making you the 500 Euro a month.
Some are also complex for the beginner.
would you really know how to meet this match offer that they state you can lock in profit
stake total of 20 on multiple bet - 3 selections plus and you get a free bet on settlement
of 5. I can absolutely state that there is no way what so ever that you can match that to lock in a profit, yet it is on the blog as an offer this week. There are numerous examples of this type of rubbish. Laying multiples will be increase your over round on the lay to around 90% when you will be backing at 110 plus if you are good at finding the events with the tightest spreads. A 5 free bet not even getting anywhere near to being able to match those spreads. If you have no idea what I'm talking about then don't even venture here. After 40 years I can well see an over round and under round book just by looking at the odds. It is this that is crucial to how the maths work for matched bets.
oh, a free bet doesn't include your stake if you win - anybody said that to you before you start using all the free bet offers. So a 5 free bet at evens will return 5 not 10. Try and work that out with matched betting. That is really complex to match. It can be done but it is significantly different to using a real stake that you get back if lost.
But it's all 'risk free'.
I've only spent so much time on this because it is time these things needed saying.
that's me finished on this thread unless someone is up to the challenge.
Good Luck |
Thank you for taking the time for the long post. I thought about it all for a few days and I decided that I don't know enough about the industry, and generally don't think particularly favorably about it, to decide to meddle in this domain with my time and money.
Result = pass for me on this one. |  |
| |
| Matched betting with free bets as small side income on 17:43 - Oct 26 with 1266 views | BtreeBlueBlood |
| Matched betting with free bets as small side income on 10:44 - Oct 20 by J2BLUE |
Haven't really got time to go into this in detail but a few quick points:
1) Go for it. It's a goldmine. Even now. No need to pay for a service while you are doing the sign up offers. There are plenty of sites out there which give you this info for free.
2) You can start with £100. Some sites do have higher value free bets but you can leave them until last. You can complete Coral and Betfred for example with £100 and make £30+ very easily. Then you have £130 to use. Soon you will have enough to tackle the bigger ones.
3) People start matched betting, race through the sign ups and then think the reload offers aren't worth it. Or they will race into the more complex stuff they should not be doing and get out of their depth.
Complete the sign up offers
Move on to reload offers and ignore the hype over extra place offers and 2ups. Stick to the main reload offers for at least 6 months until you even think of going near extra place offers
Start adding 2ups in from this point.
When you are GUBBED (ineligible for most offers) you start looking at EPs
4) Lots of people say it's not worth doing once you get to reloads. This is just not true. This is where the bulk of matched betting profits are made. Some offers are only worth £2-3 but you can complete them in 5 minutes. If you have 30 minutes a day on average for reload offers you should be clearing £200 profit per month and i'm being very conservative. Paddy Power have a weekly offer which people use as an example of how it's not worth it. You place 5x £10 bets and a get a £10 free bet and a power up boost. Once you put the criteria into the software it would take you about 20 minutes (again, very conservative high estimate). Then you get the free bet and the boost. £7 net profit per week for 20 minutes work. Small amounts but for short amounts of time and it adds up.
5) Check your bets. CHECK. YOUR. BETS. Before you place them and again after you place them. Human error is the biggest risk to your profits but this can be minimalised by checking. If you notice an error before a game takes place you can fix it.
6) STAY AWAY FROM EPs UNTIL YOU HAVE THE BANKROLL AND EXPERIENCE TO DO THEM. I realise I have already said this but it needs to be repeating. These are the biggest danger to your early matched betting career. Do not be seduced by the hype around these offers. They are profitable when you have the experience and bankroll to do them correctly. I see newbies ignore low hanging fruit to start these then they lose 5-10 bets and the qualifying losses add up and they quit.
7) Stay away from casino offers. Do not even think about starting them unless you know for sure you can do casino without wanting to gamble and you understand precisely how they work. People start these thinking they are like the sports offers. They are not. You need a larger bankroll and you need to have the correct mindset.
TL; DR: Go for it. Do the sign ups. Take the low hanging reloads. You will make a good chunk of cash. Take it slow, make sure you do it right and don't rush into the more advanced stuff and it's a goldmine. Even now.
Of course there will be people who have genuinely milked their accounts dry who it really has dried up for but in my experience 90%+ have a lot more profit to make from their accounts. |
Always follow the videos, starting easy to begin-
Definitely worth while sucking up as many free bets to begin with as the bookies throw at you!
£Xkup in a yr
With the world cups it’s a good time to start.
Profit accumator is good |  | | |
| Matched betting with free bets as small side income on 17:44 - Oct 26 with 1265 views | J2BLUE |
| Matched betting with free bets as small side income on 14:32 - Oct 20 by ClareBlue |
There is a very dangerous mindset developing here.
And anyone that comes to me and says they are a serious investor using proper strategies or models to lock in profits and doesn't keep records has limited credibility with me. The community you talk about are gamblers who get a good arb every now and then or use a bookie bonus to make a profits when they can get them. My 200 would last just fine with them, I can guarantee you. They have identified around 19 Euro of proper matched profit this week on the site. Plenty of no lose and free bets and complex multiples and place bonuses but these are really complex to match properly and bookies know it - long way to 500 a month.
I never said it doesn't work but I'll reiterate what I have said as a last post and just show everyone a real example:
1. This is not 'risk free'. Anyone experienced in any form of gambling knows about this so the only target for this is people who have no experience in gambling, exactly like the start of this thread. There is a significant risk when you are exposed to gambling that it will lead to problem, or worst case, pathological gambling. Nobody goes into a bookies or looks at a betting site online and thinks that in 20 years I will have spent all my disposable income on gambling or lost my house or broken up a family stolen to fund gambling. But it happens to thousands of people every year. Not hundreds but thousands. Every single one had no idea they would be the one of those thousands. It's the exposure to the sites that's the issue for some. Why does the industry give sign up bonuses, free bets etc. Because they know that a significant percentage who go on their site to play the free money will continue with their own money. This is the fact. Of course most are fine and only do the matched bets and use the bonuses but you don't know who will get caught in the progressive compulsion of pathological gambling. If you don't think this is a risk that will manifest it for some when doing this then you are in denial. Anyone selling this to someone else that says this is risk free is being selective and no real understanding of risk. Obviously not all but you have to decide if the real risk is worth the potential returns. Which is my second point.
2. My view is the actual benefits from taking the above risks are over hyped. They don't tell you about accounts being limited, restrictions on interlinking, restrictions on multiple accounts, premium commission if it is working on the exchanges (nobody mentioned that yet have they - maybe because they are not making enough), cross account monitoring (Betfair and Paddypower sharing data as the same company for example) and potential issues with credit further down the line. To answer the mortgage question. If you are using a separate account then it has to be funded. If you fund it from your main account the mortgage company will ask where that payment is going and then want to look at your second account. And you will not get a mortgage in usual circumstances if you are paying to a betting site. And mortgage applications ask you about other accounts, so you have to lie. Another risk they do not tell you about when they say it is 'risk free'. And the Know your customer requirements mean you will not be able to fund through 3rd parties. If you get away with it for a bit when you get caught you will have all payment frozen - another risk not understood by people reading these adverts.
Of course you can make it work and plenty do but you have to understand all the risks, which brings me onto a real example, to prove I do understand this and also the reality.
start today with Paddy power
sign up - bet 10 and get it back if it loses (you can only do this once)
These are the conditions
limited to one per person, family, shared computer, shared e-mail etc
no deposits with e-wallets, skrill, paysafe, paypal, apple pay, and netteller - only debit cards - now why would that be a term and condition. well if you really understand this you will know, as I do.
customers registering for this are not entitled to any other sign up offer
the offer excludes a list of bet types - why? well again you have to understand what they are doing.
Can exclude or limit at their complete discretion and not pay at their complete discretion - and they do if they think you are linking accounts.
So now you understand all the limitations you have your 10. You have to go through their site of course to get it - all those graphics designed to make you feel good. Then you have no lose 10 to back. (your 10 mind)
so you back a shot at 2/1 to win 20
It loses and you still have your ten (no profit). It wins and you have your 10 and 20 (20 profit) that's just a no lose gamble. What do you do with your 10 - withdraw it or maybe have another go without the no loss, then it lost so you deposit just another 20 to get it back and so it starts for some.
But you are a discipline match better. Matched betting says you should lay 6 at, for example, 2.2
It wins and you have 20 profit but pay 13.20 and have a profit of 6.8
It loses and you are even but make 5.70 from the lay for a profit of 5.70
You can get the maths exactly right to have the same profit from either outcome.
so you make around 6 Euro on that one that you can do once on the account (500 Euro is looking a long way off)
You have to have money tied up on the exchanges of course and your 10 Euro in the PP account and given them all your details etc, but it is worth the 'risk free' 6Euro.
I have just checked the matched Betting Blog and some of their claims are extremely misleading and would only be for very specific circumstances.
With unrestricted accounts (highly unlikely for all the bookies they are highlighting - but we will say you are there) this week will make around 19 Euro. These do not include one off sign up bonuses which everyone can do once. They then list about 20 situations where there is 'potential to make a profit'. Well any betting situation has potential to make a profit. That's what it is. They are basically no loss situations, which are fine but not making you the 500 Euro a month.
Some are also complex for the beginner.
would you really know how to meet this match offer that they state you can lock in profit
stake total of 20 on multiple bet - 3 selections plus and you get a free bet on settlement
of 5. I can absolutely state that there is no way what so ever that you can match that to lock in a profit, yet it is on the blog as an offer this week. There are numerous examples of this type of rubbish. Laying multiples will be increase your over round on the lay to around 90% when you will be backing at 110 plus if you are good at finding the events with the tightest spreads. A 5 free bet not even getting anywhere near to being able to match those spreads. If you have no idea what I'm talking about then don't even venture here. After 40 years I can well see an over round and under round book just by looking at the odds. It is this that is crucial to how the maths work for matched bets.
oh, a free bet doesn't include your stake if you win - anybody said that to you before you start using all the free bet offers. So a 5 free bet at evens will return 5 not 10. Try and work that out with matched betting. That is really complex to match. It can be done but it is significantly different to using a real stake that you get back if lost.
But it's all 'risk free'.
I've only spent so much time on this because it is time these things needed saying.
that's me finished on this thread unless someone is up to the challenge.
Good Luck |
Yea i'm not responding to all of that. The Paddy Power example shows how much you know about how it works. The fact you also think people need to work it all out for themselves is funny.
I will just say this. I have nothing to gain by directing people to a free matched betting website. If anyone is interested then please PM me.
I have only skim read the above post. Two things which are right is you need to get the bets right and your money is temporarily tied up. Oh and yes, free bets are stake not returned. CB asks if anyone has told you this. Well look at my Newcastle example above. Newcastle at 11 (10/1). Did I claim the return was £110? No I didn't.
I have never claimed to be a 'serious investor'. My very basic tracking is because I have years of experience doing this.
If anyone is interested in matched betting then please do your own research. Don't take my word for it. If you want any help or advice I am available by PM. There is so much content out there about matched betting that you should be able to find all of the information you need.
I'm sure CB is posting this for the right reasons but much of what he says is just wrong.
Another example is this:
'stake total of 20 on multiple bet - 3 selections plus and you get a free bet on settlement
of 5. I can absolutely state that there is no way what so ever that you can match that to lock in a profit, yet it is on the blog as an offer this week'.
With a £5 free bet you are likely to lock in about £4 profit. Then from that you would subtract your qualifying losses which would be up to about £2. So is it worth it for £2 profit? Up to you. But for someone to wrongly claim it cannot be done and talk with such authority on a subject they clearly do not know enough about is just wrong. | |
| |
| Matched betting with free bets as small side income on 17:45 - Oct 26 with 1255 views | J2BLUE |
| Matched betting with free bets as small side income on 17:17 - Oct 26 by ThisIsMyUsername |
Thank you for taking the time for the long post. I thought about it all for a few days and I decided that I don't know enough about the industry, and generally don't think particularly favorably about it, to decide to meddle in this domain with my time and money.
Result = pass for me on this one. |
Well done. You thought about it, looked into it and decided it wasn't for you. Complete respect for that. | |
| |
Login to get fewer ads
| Matched betting with free bets as small side income on 18:03 - Oct 26 with 1220 views | Trequartista |
Surely you can only do this once with each bookmaker? |  |
| |
| Matched betting with free bets as small side income on 18:20 - Oct 26 with 1217 views | J2BLUE |
| Matched betting with free bets as small side income on 18:03 - Oct 26 by Trequartista |
Surely you can only do this once with each bookmaker? |
That is true of the welcome/sign up offers but then there are offers for existing customers.
For example tonight with 888 sport
Bet £5 pre match on Champions League to get a £5 free bet in play.
£3.50 profit right there for 2 mins pre match and another 2 mins at HT.
Also Coral tonight. Bet £5 on a bet builder and get a £5 free bet. About £2.50 profit there.
Risk free if you place the bets correctly | |
| |
| Matched betting with free bets as small side income on 18:30 - Oct 26 with 1199 views | Trequartista |
| Matched betting with free bets as small side income on 18:20 - Oct 26 by J2BLUE |
That is true of the welcome/sign up offers but then there are offers for existing customers.
For example tonight with 888 sport
Bet £5 pre match on Champions League to get a £5 free bet in play.
£3.50 profit right there for 2 mins pre match and another 2 mins at HT.
Also Coral tonight. Bet £5 on a bet builder and get a £5 free bet. About £2.50 profit there.
Risk free if you place the bets correctly |
Fair enough. You do have to be really careful. For example i remember doing this before without realising a free bet has no stake, i.e. £5 normal bet at evens = £5 + £5 stake returned = £10 winnings. £5 free bet at evens = £5 winnings. [Post edited 26 Oct 2022 18:30]
| |
| |
| Matched betting with free bets as small side income on 18:36 - Oct 26 with 1182 views | J2BLUE |
| Matched betting with free bets as small side income on 18:30 - Oct 26 by Trequartista |
Fair enough. You do have to be really careful. For example i remember doing this before without realising a free bet has no stake, i.e. £5 normal bet at evens = £5 + £5 stake returned = £10 winnings. £5 free bet at evens = £5 winnings. [Post edited 26 Oct 2022 18:30]
|
Most sites offer step by step guides and calculators/software etc but yes you do have to be careful. Same goes for anything involving money. You need to double check that you are doing. It's not rocket science though. [Post edited 26 Oct 2022 18:37]
| |
| |
| Matched betting with free bets as small side income on 00:11 - Oct 27 with 1136 views | Vegtablue |
My two cents!
It's a straightforward way for the disciplined, risk-averse individual to make low three/four figures in a modest period of time. This is dependent on both the savings they have at their disposal to fund the endeavour and also their good fortune.
I say good fortune because a time will come when accounts are made ineligible for the offers people need to generate their risk-free rewards. Consistent reload offers rely on convincing the company that matched betting is not the sole purpose. This lowers the margin of returns and is a chore. It also exposes one to more transactions than they may be comfortable with from a safeguarding or accuracy standpoint.
There may also remain a small risk from fringe companies that they collapse with your funds still with them, which happened to me some time ago - I've not checked to see if there are better industry-wide protections now for customers in this regard. Many companies stipulate that matched betting is a breach of their terms and conditions; I don't profess to knowing how often companies have cited this and refused to honour winnings but I suspect it is a toothless threat aimed at putting off the ultra-cautious.
I fully agree with ClareBlue's assessment though that it is not a lucrative long-term prospect for the average person. Strategies to continue making money beyond the first wave(s) of offers take commitment. They take more exposure to the industry than the average non-better may be comfortable with. I believe those that tout sustainable monthly profits in the three figures are likely supplementing their matched betting with actual gambling, such that their accounts are not under the microscope. Alternatively they are investing far more time than most would want to and will still likely have a finite lifespan. If someone's full-time job allows them to do this simultaneously then that is one thing, but for the average person I'm minded to wager free time would be better spent elsewhere.
Thought I should add: my experience is from possibly three years of matched betting maybe 5-10 years ago, in a more generous climate. My final profits stood at £4-6K from memory and I finished with restricted or closed accounts at 15-30 online bookmakers. A number still allow me 25p maximum on any sports bet to this day, which I haven't been known to take them up on 😅. [Post edited 27 Oct 2022 0:23]
| | | |
| Matched betting with free bets as small side income on 02:02 - Oct 27 with 1108 views | The_Romford_Blue |
| Matched betting with free bets as small side income on 11:38 - Oct 20 by ClareBlue |
The 1 in 10 is figures for those that have lost more than they can afford and the 1 in 20 is for serious. The study we did in Ireland found massive under reporting of the negative effects of pathological gambling even in completely anonimised studies. There is huge denial in this area. If you start this you are in the risk group of trying to be the 9 in 10 which is fine if you are. I was an original investor in flutter, if any of you remember that and I saw progressive gambling addiction first hand. 3 perc of any bookie account is profitable for the punter. That's the facts.
Anyway, that's not what you asked.
The issue is that to get all the reloads and bonuses you have to have some other activity. You don't get reloads etc by only betting your reloads. They are a reward for other betting. Usually for other losing betting. There's the denial again. Of course you can use your bonuses to match and lay but what have you had to do to get them.
You can not open an account and just run it on bonuses and reloads. You won't get them after about 5 offers with no other activity. It's the other activity that is your potential issue.
As for unrealistic in price and lay descrepencies. We run bots across all betting platforms and find them but mostly in less well known sports, like GAA etc and mostly actually errors on the exchanges that disappear quickly. Mostly we lay and bet between exchanges not bookies. We automate them in seconds to auto calc price and stake. You can not do this manually.
But if you are disciplined and prepared to spend some time, you can make it work. I would love to see how anyone has made 500 plus a month doing matched bets for more than 3 months without any loses from any other activity. I would be genuinely interested in that. |
Blimey. I don’t even do matched betting (keeping my accounts for Cheltenham or a dog bet is worth far more to me than a few hundred a month) but I disagree with a lot of what you’ve said here.
Firstly, you don’t need to be losing elsewhere to get the reloads. In a world where we are post covid and punters are questioning whether to come back to shops or stay online, more of these easy offers for existing customers are there more than ever before. Which in turn is making us in shop have to push the boat out further which is a separate issue in itself, albeit not really relevant for the point in hand.
Also, the £500 is definitely doable if you’re willing to work at it.
Edit - I have just seen your even longer response on page two and now believe you just aren’t getting what matched betting actually is. You’re trying to beat the price and lay that off for a profit rather than using sites against each other via the exchange, combined with free bets etc to lock in your margin. You just aren’t doing it right as far as I can tell how you’ve explained it. [Post edited 27 Oct 2022 2:07]
|  |
| |
| Matched betting with free bets as small side income on 05:29 - Oct 27 with 1075 views | Chondzoresk |
| Matched betting with free bets as small side income on 00:57 - Oct 20 by ClareBlue |
I know plenty about this and work with serious players in this area and other strategies to make no lose bets. It does work if you can get the free bets or enhanced odds that are required.
I can state the basics and some reasons as to why the opportunities are there. If you are going to do this, don't underestimate the very real risks I will highlight next. These risks are not in the strategies, they work fine if implemented exactly as they need to be. The risks are in the psychology of gambling and the significant number of people who start gambling and end up pathological gamblers. You will be exposing yourself to gambling and all the gambling sites and their very well researched methods of encouraging you to continue gambling. There is no definitive way of knowing if pathological gambling will happen to anybody, though some risk factors are known, especially around cross addiction. But 1 in 10 who start gambling will have a problem and and the extreme end it will destroy your life and those around you.
There is a reason bookies offer sign up bonuses, free bets, enhanced odds etc. and the reasons work.
Always read the terms. Some are so restrictive you will not be able to make it work. Especially around play through staking and withdrawing winners from bonus credits.
So that's the warning, don't dismiss it lightly.
You will really need to know how betting exchanges work.
The simplest strategy is to find a price from the bookies that is higher than the price people want on the exchanges. For example, if you find Man U 11/10 to win and someone wants evens on the exchange then you back Man U, say 10 to win 11 and lay 10 to pay 10. if they win you get 11 and pay 10, profit 1 but if they don't then you lose 10 but win 10 so no loss. You actually have to factor in a 5% com on the lay too so your profit on a win is around 0.9
we run Bots across all the platforms for this and take all the lay prices out of sinc as they appear, so you have no chance of doing this, but you can do it with bookie bonuses which we can not get now. That is when the bookies enhance a price as a special offer or give you free credit or bets.
so if Man U is enhanced to 6/4 for 25 pounds then you can back that and lay at whatever you can get below 6/4. This will work. Just wait for the enhanced odds in either bookies or online. Have accounts with all bookies and sit and wait. Usually for big games or big meetings or for England matches.
If you only use an account for enhanced odds it will get shut after about the 5th time you do it because they realize you are not going to get into other betting and they will not be making money from you. You have to try and have other activity.
you can lay free bets and free credit exactly the same. if they give you 20 free then you can lay 15 off and if it wins you collect but payout a bit less. if it loses you collect the 15. you have to get the maths right, but it works as per the article. But if you only use free bets the account will be restricted quick enough. They want you to start betting on other things.
Using multiple accounts for free bets doesn't work as it is against terms and they track IP. You can get friends to set up but if you do this across all the platforms they track you quick enough. T hey have know your customer ID requirements and they will prevent withdrawing money very quickly if they think accounts are interlinked between bookies.
Shop bonuses and enhanced odds are much easier to prolong as they don't pick you up as quick but you have to dedicate the time to get to them.
You can create under-round books using free bets and enhanced odds and exchanges. Again, we run bots to do this but can not get the enhanced odds. You should be able to for a while at least.
bookies profit is by over rounding a book. The bigger the OR the more profit. 100% is a true book with no edge for punter or bookie. Bookies can bet to 120-40% giving them a huge edge but you can get under-round if you use the enhanced odds. Under-round means you can not lose if you get the maths right.
Conclusion
It works but exposes you to gambling and all the techniques to make you gamble
If you do it you will find it harder and harder to get the free bets and bonuses you need
most times the bets are restricted to 20 or 25 euro. Deposit bonuses come with conditions that often require a certain turn over of betting before you can withdraw any winnings. Interlinking accounts will be found quickly and you will have no chance of withdrawing from your account. |
Mugs game, free or not. I have my reasons why. |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
