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Matched Betting, turning free bets into money

martin25

By martin25
in Football Chat

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Aaron-Bcfc

Aaron-Bcfc

Posted
Posted
18 hours ago, M_Porter said:

By my maths you will all need £265 to extract the maximum from this.

Your initial £50 bet to bet365

Then two lays @ £107.50 liability each ( One for your per match bet and one for your in game bet )

You don't need the first lay to be anywhere near £107.50 liability, no minimum odds for this offer so any good match around, lets say 1.5 will only cost you £25-£30 in liability. Then go as high as you can on the risk free bet to extract as much profit as possible.

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M_Porter

M_Porter

Posted
Posted
2 minutes ago, Aaron-Bcfc said:

You don't need the first lay to be anywhere near £107.50 liability, no minimum odds for this offer so any good match around, lets say 1.5 will only cost you £25-£30 in liability. Then go as high as you can on the risk free bet to extract as much profit as possible.

Yes your right and I should prob had explained it better, I just used the man City match as the example through out.

I should have pointed out that it dosn't matter what your first bet is on so as Aaron-Bcfc has said just pick a game with shitty odds ( less liability ) as all we are doing here is releasing the bonus ( but make sure the shitty odds are above what they say in the bonus T&C's)

 

Thanks for the correction Aaron

Mark

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WRERE

WRERE

Posted
Posted
32 minutes ago, M_Porter said:

Just out of interest does anyone have a good spreedsheet template for this ? mine sucks :laugh:

There are a lot of speadsheets online.I made my own that I can send to you once I finish work? It's very basic but the formula's should be right if you use smarkets to lay.

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martin25

martin25

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16 minutes ago, LegionOfBrad said:

Cheers for this thread guys. I figure if i can make enough doing this a year to pay for a holiday for me and the missus she won't mind me giving it a try. Hah. 

If you are completely new to it, you could easily do this mate!

38 minutes ago, M_Porter said:

Just out of interest does anyone have a good spreedsheet template for this ? mine sucks :laugh:

http://www.mediafire.com/folder/gdy3dgjfiz03g/Ultimatcher_4 - Ultimatcher 4 spreadsheet. This is pretty good :)

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M_Porter

M_Porter

Posted
Posted
4 minutes ago, martin25 said:

If you are completely new to it, you could easily do this mate!

http://www.mediafire.com/folder/gdy3dgjfiz03g/Ultimatcher_4 - Ultimatcher 4 spreadsheet. This is pretty good :)

Thanks

 

21 minutes ago, LegionOfBrad said:

Cheers for this thread guys. I figure if i can make enough doing this a year to pay for a holiday for me and the missus she won't mind me giving it a try. Hah. 

Yes and remember your wife/partner can also have an account ;)

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WolfOfWestStreet

WolfOfWestStreet

Posted
Posted

I've been doing this for the last few times its offered.

Depending on the prices I'll either do team1 double chance post match then team 2 to win in play. 

Or team 1&2 double chance then in play draw.

You can lock in a reasonable profit of normally 35 quid minimum or go aggressive and try and win big. There is something on the t&cs that says doing this breaches terms but 365 have always paid.  

Essentially you buy money made about 200 quid this year, not loads but almost pays for my st :P

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yardy

yardy

Posted
Posted
2 hours ago, MarcusX said:

I started last July, ive made about £7k so far.

 

7k? Blimey!

I think i will spend my evening studying this. I am completely new to it and haven't even got a online betting account, anyone got any helpful links for a complete noob or do i just use the ones above?

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martin25

martin25

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2 hours ago, MarcusX said:

I started last July, ive made about £7k so far.

Nice stuff Marcus!

6 minutes ago, yardy said:

 

7k? Blimey!

I think i will spend my evening studying this. I am completely new to it and haven't even got a online betting account, anyone got any helpful links for a complete noob or do i just use the ones above?

I'd probably recommend to just follow the instructions and do the bets on stoke v sunderland as shown here to get started straight away. There's also plenty on google if you search around. 

Nice position to be in, you'll still have all your sign up offers to go through!

2 minutes ago, TheCulturalBomb said:

I have a GCE in art. This is all a bit much for me. 

:laugh:. You can do it!

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MarcusX

MarcusX

Posted
Posted
On 4/29/2016 at 17:11, yardy said:

 

7k? Blimey!

I think i will spend my evening studying this. I am completely new to it and haven't even got a online betting account, anyone got any helpful links for a complete noob or do i just use the ones above?

Yea I think someone posted a link further up.

My partner has a set of accounts to. We started with a bank of £300 each so it doesnt take much intial funds, but having more allows you to do them quicker

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JustinCider

JustinCider

Posted
Posted

You know the old saying about if something is too good to be true, it usually is? I'm not doubting any of you guys, I promise, but why are Betfair doing this? What's in it for them? As it sounds like money for nothing.

Btw I'm not a betting person so I don't understand how this industry except that you never see poor bookies! :-) 

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ash1107

ash1107

Posted
Posted
On 01/05/2016 at 15:16, JustinCider said:

You know the old saying about if something is too good to be true, it usually is? I'm not doubting any of you guys, I promise, but why are Betfair doing this? What's in it for them? As it sounds like money for nothing.

Btw I'm not a betting person so I don't understand how this industry except that you never see poor bookies! :-) 

Yeah, it's good that a lot of people think like this to be honest. Otherwise the bookies would have to stop a lot of their promotions as there would be to many people doing matched betting and taking advantage of them. 

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M_Porter

M_Porter

Posted
Posted
On 01/05/2016 at 15:16, JustinCider said:

You know the old saying about if something is too good to be true, it usually is? I'm not doubting any of you guys, I promise, but why are Betfair doing this? What's in it for them? As it sounds like money for nothing.

Btw I'm not a betting person so I don't understand how this industry except that you never see poor bookies! :-) 

It's done for people just like you and others that don't gamble much if at all.

A lot of you on this thread had no idea what matched betting was or what a lay bet was this is echoed around the world, I suspect that for everyone that knew what they were doing and took the £35 ish free cash there were 100's that didn't and lost their initial deposit plus now they have a bet365 account with an email address attached that the bookmaker can exploit with email offers tempting you back.

 

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Lack of Action Man

Lack of Action Man

Posted
Posted

This thread is very interesting... have never tried matched betting before. Noticed the youtube vid, is this a good foundation to learn how to do matched betting? 

 

If not can someone clearly and concisely (without using overly technical betting language) explain the process? There have been several different versions posted so far.

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WRERE

WRERE

Posted
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23 minutes ago, OddBallJim said:

This thread is very interesting... have never tried matched betting before. Noticed the youtube vid, is this a good foundation to learn how to do matched betting? 

 

If not can someone clearly and concisely (without using overly technical betting language) explain the process? There have been several different versions posted so far.

I've not watched the video but I used http://matchedbettingblog.com/

Simply put you're taking advantage of offers like 'bet £20 get a £10 free bet' by making a small loss on the first £20 but then making money off the £10. As an example Coral are offering the following 'bet £20 on Bayern vs Atletico and get £10 free in play bet on Real Madrid vs Man City' , so you can do the following.

Bet £20 on Atletico to win vs Bayern at odds of 7.00 (decimal odds) - To win £120

Bet £18.59 against (lay) Atletico beating Bayern at odds of 7.4 - To pay out (liability) £121.45 (All money won / lost on betting exchange is subject to a comission charge , Smarkets offer 2%).

So here you've lost £1.41 but you have a free £10 bet. With the free bet do the following:

£10 free bet on Man city to win vs Madrid at odds of 6.50 - to Win £55.

Bet £7.66 against Man City winning vs Madrid at odds of 7.2 - To pay out £47.49.

So you'll make £7.51 minus the £1.41 qualifying loss = £6.11

It seems long winded at the start for £6 but after a few goes it takes seconds to do it

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M_Porter

M_Porter

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29 minutes ago, WRERE said:

I've not watched the video but I used http://matchedbettingblog.com/

Simply put you're taking advantage of offers like 'bet £20 get a £10 free bet' by making a small loss on the first £20 but then making money off the £10. As an example Coral are offering the following 'bet £20 on Bayern vs Atletico and get £10 free in play bet on Real Madrid vs Man City' , so you can do the following.

Bet £20 on Atletico to win vs Bayern at odds of 7.00 (decimal odds) - To win £120

Bet £18.59 against (lay) Atletico beating Bayern at odds of 7.4 - To pay out (liability) £121.45 (All money won / lost on betting exchange is subject to a comission charge , Smarkets offer 2%).

So here you've lost £1.41 but you have a free £10 bet. With the free bet do the following:

£10 free bet on Man city to win vs Madrid at odds of 6.50 - to Win £55.

Bet £7.66 against Man City winning vs Madrid at odds of 7.2 - To pay out £47.49.

So you'll make £7.51 minus the £1.41 qualifying loss = £6.11

It seems long winded at the start for £6 but after a few goes it takes seconds to do it

Nice example, I am almost finished with a website I am building that deals with betting and learning what to do, as I say its almost finished then i shall publish the link :)

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martin25

martin25

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On 5/1/2016 at 15:16, JustinCider said:

You know the old saying about if something is too good to be true, it usually is? I'm not doubting any of you guys, I promise, but why are Betfair doing this? What's in it for them? As it sounds like money for nothing.

Btw I'm not a betting person so I don't understand how this industry except that you never see poor bookies! :-) 

Try the bet below for this weekend's Leicester match if you'd like to prove it to yourself that it works. You can even paper trade it if you like.

3 hours ago, OddBallJim said:

This thread is very interesting... have never tried matched betting before. Noticed the youtube vid, is this a good foundation to learn how to do matched betting? 

 

If not can someone clearly and concisely (without using overly technical betting language) explain the process? There have been several different versions posted so far.

Online betting school doing a weekly updated example that you can do to get started. You can see it here. This week's example is, 

You bet £10 on Leicester to win with 1 bookie.

You bet £5 on the draw

You bet £10 on Everton to win with a third bookie. 

Then repeat the same sort of thing with the free bets on the Man City match on Sunday.

It's a quite an easy way to get started if you're new to it. Then if you sign up, it gradually builds up and takes you through all the sign up offers.

Once you have done the sign up offers, you want to invest profits into something like profit maximiser to show you the reload offers and casino offers etc.

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JustinCider

JustinCider

Posted
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6 hours ago, WRERE said:

I've not watched the video but I used http://matchedbettingblog.com/

Simply put you're taking advantage of offers like 'bet £20 get a £10 free bet' by making a small loss on the first £20 but then making money off the £10. As an example Coral are offering the following 'bet £20 on Bayern vs Atletico and get £10 free in play bet on Real Madrid vs Man City' , so you can do the following.

Bet £20 on Atletico to win vs Bayern at odds of 7.00 (decimal odds) - To win £120

Bet £18.59 against (lay) Atletico beating Bayern at odds of 7.4 - To pay out (liability) £121.45 (All money won / lost on betting exchange is subject to a comission charge , Smarkets offer 2%).

So here you've lost £1.41 but you have a free £10 bet. With the free bet do the following:

£10 free bet on Man city to win vs Madrid at odds of 6.50 - to Win £55.

Bet £7.66 against Man City winning vs Madrid at odds of 7.2 - To pay out £47.49.

So you'll make £7.51 minus the £1.41 qualifying loss = £6.11

It seems long winded at the start for £6 but after a few goes it takes seconds to do it

I've followed the above but how do I actually lay the bet against Atletico beating Bayern as I can't see anything on Corals website to be able to do this? 

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City1984

City1984

Posted
Posted
On Tuesday, April 26, 2016 at 15:30, nathredwood said:

Ok...

Just researched Matched Betting and now I get it.

Can't help but feel like a) Its a lot of faf for £35 and b) That you are missing the point of gambling...

The only reason is to make money FACT

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JustinCider

JustinCider

Posted
Posted

This is infuriating! Okay, so Mrs Cider & I are doing this together and we've found how to lay the bet off but the odds were 1/1000 and are now suspended! I think if I fell into a barrel of tits I'd come out sucking my thumb :-(

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WRERE

WRERE

Posted
Posted
34 minutes ago, JustinCider said:

I've followed the above but how do I actually lay the bet against Atletico beating Bayern as I can't see anything on Corals website to be able to do this? 

You don't lay it on Corals website , you need to find an exchange site. Personally I use Smarkets as they only charge 2% commission but I think BetFair exchange is the most common site but they charge 5%.

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Gazinpeace

Gazinpeace

Posted
Posted

You have to be careful to check the commissions on exchanges as some (Betfair) charge 5% but only on winning bets whereas others charge lower commission but on both winning and losing bets. I don't know about Smarkets as I have never used them. Also be aware that on Betfair, once you have made £1000 profit they start topping up the commission to 20% of profits and it can be more if you make a lot of profit. It is in the small print but most people don't know that. Admittedly it won't be a problem for most anyway.

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JustinCider

JustinCider

Posted
Posted
6 minutes ago, WRERE said:

You don't lay it on Corals website , you need to find an exchange site. Personally I use Smarkets as they only charge 2% commission but I think BetFair exchange is the most common site but they charge 5%.

Cheers, so I'm now looking at smarkets website and as I've backed Madrid to win on Corals I need to lay against Madrid? Is that right?

 

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WRERE

WRERE

Posted
Posted
2 minutes ago, JustinCider said:

Cheers, so I'm now looking at smarkets website and as I've backed Madrid to win on Corals I need to lay against Madrid? Is that right?

 

That's correct , yes. If you're trying to do the offer I posted about you needed to bet £20 in play on the Bayern and Atletico game to get a £10 in play free bet on the Real vs Man City game.  

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