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

Knopfler · Jan 4, 2018

Hi, @SparklyMum . It usually means that there is not enough money in the market at the odds you placed the bet on (the figure UNDERNEATH the lay odds at Betfair was lower than the liability amount needed to cover for this bet).

See this tip about it on Jon's blog:

https://blog.themoneyshed.co.uk/unmatched-or-partially-matched-bets-matched-betting/

If you get stuck, come back on here or ask on the PA Forum if you are with them.

It is likely that your bet has now matched, since replying too

ted · Jan 4, 2018

SparklyMum said:
What does it mean if your lay bet is unmatched or partially unmatched in Betfair? And more importantly, what do I do please?!

it means the lay odds have either risen or the amount you have laid is higher than was available at that time.

I can honestly say anytime it has happened to me, it has sorted itself out within the hour but I guess there is some risk there if it's a bet starting soon

SparklyMum · Jan 4, 2018

Knopfler said:
Hi, @SparklyMum . It usually means that there is not enough money in the market at the odds you placed the bet on (the figure UNDERNEATH the lay odds at Betfair was lower than the liability amount needed to cover for this bet).

See this tip about it on Jon's blog:

https://blog.themoneyshed.co.uk/unmatched-or-partially-matched-bets-matched-betting/

If you get stuck, come back on here or ask on the PA Forum if you are with them.

It is likely that your bet has now matched, since replying too

Yes it has, thanks for this. I’m still in my free trial but will be signing up to PA tonight. Do the odds on horses tend to move faster than those on football? Sorry if that’s a silly question!

SparklyMum · Jan 4, 2018

ted said:
it means the lay odds have either risen or the amount you have laid is higher than was available at that time.

I can honestly say anytime it has happened to me, it has sorted itself out within the hour but I guess there is some risk there if it's a bet starting soon

Thanks. Yes I noticed it adjusts itself. If it didn’t I guess I could cancel it and try to place another lay bet with slightly higher odds.

Knopfler · Jan 4, 2018

Betfair tip, especially for newbies:

When you have placed a bet, click on 'My Bets' (top left handside, next to the betfair logo) to check that it has gone through okay, at the correct lay odds, price etc .

It will show your current bet(s).

IMPORTANT: for some reason it always defaults to the 'Unmatched' tab.

If any bets are showing whilst it is in this 'Unmatched' tab, you will need to correct them, using the tips in the blog:

https://blog.themoneyshed.co.uk/unmatched-or-partially-matched-bets-matched-betting/

For checking out your matched bets, click on the 'Matched' tab directly underneath Exchange Bets.
It should display your current bet(s).

HTH

SparklyMum · Jan 4, 2018

What does an open result on horses mean please? It says on Betfair that the horse I backed won so I’ve lost my lay stake but on Betfred it doesn’t say the horse won, it says ‘open’?!

ted · Jan 4, 2018

SparklyMum said:
What does an open result on horses mean please? It says on Betfair that the horse I backed won so I’ve lost my lay stake but on Betfred it doesn’t say the horse won, it says ‘open’?!

They haven't settled the market yet but it will be on it's way.

SparklyMum · Jan 4, 2018

Phew! Yes it’s sorted now. Had a micro panic then. Thanks!

Jon · Jan 4, 2018

SparklyMum said:
What does an open result on horses mean please? It says on Betfair that the horse I backed won so I’ve lost my lay stake but on Betfred it doesn’t say the horse won, it says ‘open’?!

it just means the result hasn't been delcared yet that's all

SparklyMum · Jan 4, 2018

Jon said:
it just means the result hasn't been delcared yet that's all

Thanks! I will get the hang of this by the end of the week!

Knopfler · Jan 4, 2018

SparklyMum said:
Yes it has, thanks for this. I’m still in my free trial but will be signing up to PA tonight. Do the odds on horses tend to move faster than those on football? Sorry if that’s a silly question!

Hi, @SparklyMum and welcome

Firstly, NO questions on here are silly - believe me I have probably posted loads of those, ha ha!

Odds on horses DO tend to move faster, especially if they are close to the race starting.
Personally I tend to stick to football matches, and most advise is for newbies to do horses when they have got a bit more experience (and/or to wait for the bigger events e.g. Cheltenham, Grand National etc).
Also I think there are some bookie accounts that are better than others for these. Jon will be able to offer more advise than me on the gee gees though as I rarely do them.

SparklyMum · Jan 4, 2018

Knopfler said:
Hi, @SparklyMum and welcome

Firstly, NO questions on here are silly - believe me I have probably posted loads of those, ha ha!

Odds on horses DO tend to move faster, especially if they are close to the race starting.
Personally I tend to stick to football matches, and most advise is for newbies to do horses when they have got a bit more experience (and/or to wait for the bigger events e.g. Cheltenham, Grand National etc).
Also I think there are some bookie accounts that are better than others for these. Jon will be able to offer more advise than me on the gee gees though as I rarely do them.

Ok thanks. I seem to be £4.62 up instead of £1.20 down on my qualifying bet with Betfred! Odd were 3.75 and I bet a tenner so surely I should have got £37.50 but for some reason they’ve credited £43.33. I’m not complaining but also not sure what’s happened!

jkg-jkg · Jan 4, 2018

SparklyMum said:
Ok thanks. I seem to be £4.62 up instead of £1.20 down on my qualifying bet with Betfred! Odd were 3.75 and I bet a tenner so surely I should have got £37.50 but for some reason they’ve credited £43.33. I’m not complaining but also not sure what’s happened!

Check the starting price for your horse Today's Fast Results Sporting Life it is likely to be higher than the price you originally bet at. This is Best Odds Guaranteed (BOG) where the bookie guarantees to give you the best price on a horse - either the price you bet at or the Starting Price, whichever is higher.

SparklyMum · Jan 4, 2018

jkg-jkg said:
Check the starting price for your horse Today's Fast Results Sporting Life it is likely to be higher than the price you originally bet at. This is Best Odds Guaranteed (BOG) where the bookie guarantees to give you the best price on a horse - either the price you bet at or the Starting Price, whichever is higher.

Thanks for this I’ve just checked it out and this is exactly what happened. Quite a nice little unintentional win!

jkg-jkg · Jan 4, 2018

SparklyMum said:
Thanks for this I’ve just checked it out and this is exactly what happened. Quite a nice little unintentional win!

I just checked - around 4% of my profits over the last 18 months are BOG, so does help - helps I use the Acca method for my free bets (that is something to learn about in the future when you have a fair bit more experience)

SparklyMum · Jan 4, 2018

jkg-jkg said:
I just checked - around 4% of my profits over the last 18 months are BOG, so does help - helps I use the Acca method for my free bets (that is something to learn about in the future when you have a fair bit more experience)

Great, thanks. Once I’ve got my head around it a bit more and it’s earning well I’ll look into it. Always pleased to find new ways to make money!

JindaSB · Jan 4, 2018

homie said:
Expect to be restricted within a week by any bookies you do this with.

They don't like it as you are only taking value bets from them. Arbs mainly come from bookies not cutting their prices fast enough (their own fault, true) which leads to a glut of people all jumping on the bet and if the horse wins the bookie will have to pay out at a higher price than they would have been able to lay the bet off at. If those are the only bets you make they will very quickly identify your account and boot you out.

This doesn't include official boosts which the bookies balance up knowing what odds they will be offering in advance.

Oh that clears that up for me then, thank you for explaining! I was hoping that only betting with a specific bookie maybe once a month would keep me under the radar (by spreading the bets across many different bookies).

Jon · Jan 4, 2018

JindaSB said:
Oh that clears that up for me then, thank you for explaining! I was hoping that only betting with a specific bookie maybe once a month would keep me under the radar (by spreading the bets across many different bookies).

I don't quite understand why you would do this instead of just doing regular endless reload offers

JindaSB · Jan 4, 2018

Jon said:
I don't quite understand why you would do this instead of just doing regular endless reload offers

Having a full time job, I find the requirements to do the reload offers too time consuming to take out a rewarding amount of money. I would rather use the spare time I have building a business to generate a side income. But that's just my personal preference

Jon · Jan 4, 2018

JindaSB said:
Having a full time job, I find the requirements to do the reload offers too time consuming to take out a rewarding amount of money. I would rather use the spare time I have building a business to generate a side income. But that's just my personal preference

I work a full-time job as well as TMS and do the bulk of my bets on the weekend

There' just SO MUCH MONEY to be made each weekend, it really is worth considering doing the reload offers and grabbing that guaranteed cash!

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

The cleverest woodpecker in all of Yorkshire!

Money Making Megastar!

Money Making Megastar!

Money Making Megastar!

The cleverest woodpecker in all of Yorkshire!

Money Making Megastar!

Money Making Megastar!

Money Making Megastar!

Money Making Megastar!

Money Making Megastar!

The cleverest woodpecker in all of Yorkshire!

Money Making Megastar!

Money Making Megastar!

Money Making Megastar!

Money Making Megastar!

Money Making Megastar!

Active Member

Money Making Megastar!

Active Member

Money Making Megastar!

Top Money Shed Blog Posts

Free Money Offers

Amazon Discount Finder Tool

Forum statistics

Share this page