Matched Betting Discussion [OT] Discussion about Matched Betting II {Beginners Guide in 1st Post}

jkg-jkg

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Random fact of the day. If you type 'gubbed' into google maps it takes you to Profit Accumulator's headquarters in London.

Or maybe that's just due to my search history with google.
"Maps can't find gubbed" - I think it is just your search history :D
 
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homie

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Who had Arsenal V Liverpool 2UP?

I did, get in !

Yes! But I wimped out and cashed in when arsenal got one back. Should have held out a couple more minutes until they equalised and then took the lead. None of us have crystal balls of course but hindsight is a wonderful thing.

Was on Hills 4mm too but had arsenal for that, rather than the draw, so nothing from that one.

I've got quite a nice little lot set up for the football today with 2up, 4mm, plus the betstars and Myclubetting offers so hoping something will come in.
 
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rninja

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Just setting my 0700 alarm for Boxing day shop runs :) - Paddy King George refund, sharbing, and lots more!
 

ted

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sunbets bet £10 on Spurs/Southampton and get 5 free spins per goal that match

Skybet bet £10 on any Boxing day match and get a free spin for every goal scored in every match (must opt in)

5 free spins on WH Vegas Musketeers game

5 free spins on PP casino on santas surprise

ho ho ho
 
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Stims

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Not a bad day, making up for the recent losses. AP on Kane to score a brace in play, boosted to 6/4.3 with sky. AP on Morata DDHH with fred and the RedZoneSports O 27.5 goals in the prem landed today, pretty nice value aswell at 8/6.8.
 
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rodrigoda95

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So actually match betting is not a profitable technique? I mean you only win money to bet, simply that you are not betting your money. Is that what it is about?
 

homie

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So actually match betting is not a profitable technique? I mean you only win money to bet, simply that you are not betting your money. Is that what it is about?

No, it is most definitely profitable. Longer term I think it's difficult to sustain the £1000+ a month that some companies promise but careful use of reload offers should turn a worthwhile profit every month. Have a look at this introduction to matched betting which helps to explain how it works. https://matchedbettingblog.com/matched-betting-intro/ If you are interested odds monkey and profit accumulator are matched betting companies that have tools to help you make money. Both have free trials to see how you get on first, so you can try it out. You don't have to sign up with a matched betting company but it will help a lot.
 

katykicker

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Made £87 today on a VIP offer. Not done much else the past week as been offline relaxing.

Anyone had anything big lately?
 

KNPhoto

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Thank you for the access to the site.
I have always been intrigued my Matched Betting, probably 'cause i dont understand it one bit but the Profit Accumulator videos seem to be good at explaining things even for a numpty like me. No jargon and just a "do what i do" approach rather than the normal "this is how it works" which then comes with a plethora of words and terms i dont understand.
Anyway, I messed up and made a matched bet with Betfair too late and it ended up not being "matched" due to time - or so live chat tells me. I lostmy stake of £13-odd but looking at the Coral account (where my horse came in), it was £80 richer.
The question that Live Chat couldn't tell me was that if my Betfair wager had been matched, would have lost more than the original stake?
 

jkg-jkg

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The question that Live Chat couldn't tell me was that if my Betfair wager had been matched, would have lost more than the original stake?
If it was the bet you have to make in order to get the free bet (the Qualifying Bet) then the likely answer is Yes. If it was the Free Bet then No.

You generally expect to lose money on the Qualifying Bet and make the loss back and more from the Free Bet. The 'trick' is to minimise the loss on the first and maximise the return on the second.
 
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KNPhoto

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If it was the bet you have to make in order to get the free bet (the Qualifying Bet) then the likely answer is Yes. If it was the Free Bet then No.

You generally expect to lose money on the Qualifying Bet and make the loss back and more from the Free Bet. The 'trick' is to minimise the loss on the first and maximise the return on the second.
Thanks for the reply. This was the bet after the qualifying bet: 4x£5 Coral bets against £13-something lay bet with Betfair - It was unmatched, seemingly as it was seconds before the race and no time to match it.
 

jkg-jkg

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Thanks for the reply. This was the bet after the qualifying bet: 4x£5 Coral bets against £13-something lay bet with Betfair - It was unmatched, seemingly as it was seconds before the race and no time to match it.

Firstly I would advise not doing horse races near to the off when you are starting out. Most of us that have been doing it a while will do this a fair bit as this is when the odds are usually best. However, this is also when the odds are moving fastest and as you have seen (I expect the odds were moving against you) when you are new to this you are taking a big risk, and taking risks is the biggest danger in the early stages. If your horse had lost your free bets would have been lost and you would have only have the original loss on the Qualifying Bet.

Secondly, on Betfair if you don't get a match you have a number of options 1) leave the bet and see if it gets matched (not possible in your situation), 2) take different odds - also not possible in your situation 3) set the option to keep it in-play (this option is available once you have placed the bet) - also not possible in your situation, 4) place the bet in-play - even though the race had started you can still place a bet - the odds will be moving fast and the odds may be better or worse than you wanted but it will still be possible to place one.

There are also other exchanges (Smarkets and Matchbook for instance) which you will start using a lot because their commission is a lot less than Betfair and this will be important if you are going to be doing MB properly.
 

KNPhoto

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Firstly I would advise not doing horse races near to the off when you are starting out. Most of us that have been doing it a while will do this a fair bit as this is when the odds are usually best. However, this is also when the odds are moving fastest and as you have seen (I expect the odds were moving against you) when you are new to this you are taking a big risk, and taking risks is the biggest danger in the early stages. If your horse had lost your free bets would have been lost and you would have only have the original loss on the Qualifying Bet.

Secondly, on Betfair if you don't get a match you have a number of options 1) leave the bet and see if it gets matched (not possible in your situation), 2) take different odds - also not possible in your situation 3) set the option to keep it in-play (this option is available once you have placed the bet) - also not possible in your situation, 4) place the bet in-play - even though the race had started you can still place a bet - the odds will be moving fast and the odds may be better or worse than you wanted but it will still be possible to place one.

There are also other exchanges (Smarkets and Matchbook for instance) which you will start using a lot because their commission is a lot less than Betfair and this will be important if you are going to be doing MB properly.

Thats mega helpful and, the odds ere moving so fast on the race prior to start that i was recalculating the numbers again and again. That slowed me down! Baptism by fire perhaps?
I am really grateful for the time you've taken to post here, thanks so much.
 

jkg-jkg

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Start slow and take your time. You will get into it eventually, and make good profits without taking risks.
 

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