bet odds with free bet

DisneyB

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When I initially started MB I remember the odds needed to be close together for the lay & back bet when doing the initial bet to qualify for the free bet, is this the same for the free bet? eg. does the back and lay odds need to be as close together as possible, say 5 & 5.1 or is it ok to have them as say 5 & 7
 

sillymoo

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Someone correct me if I'm wrong as I'm still pretty new to this but... the closer the back and lay odds are, the more money you are going to make. They don't need to be close for a qualifying bet but it's good if they are, as you're going to make a smaller qualifying loss (and that goes for any bet - free or not). What you need to look out for when doing a qualifying bet is the minimum odds that the bookie wants you to use. You can check that in the terms and conditions of the offer, e.g. a back bet needs to be at 1.5 or higher. It's also good to use lower odds when doing a sign up offer as you will make a smaller qualifying loss and you will not need quite as much money in the exchange.
 

Uhhhhh

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[member=5645]sillymoo[/member] is right; ideally you want a good match between the back odds and lay odds, which means odds as close as possible without being an arb (an arb is when the lay odds are lower than the back odds - not good for your account at all, do not do them). The reason for it is because the better the match/closer the odds are for a qualifying bet, the lower the qualifying loss will be and the better the match/closer the odds are for a free bet, the higher the return will be.

Examples:
1) if you have a £10 qualifying bet to do - at odds of 2.3/2.35 the qualifying loss is 33p. At odds of 2.3/2.7 the qualifying loss is £1.59. Massive difference.

2) if you have a £10 free bet to use - at odds of 3.5/3.55 the return is £6.94. At odds of 3.5 and 3.9 the return is £6.31. Again, a massive difference - especially when you consider how much it adds up if you're able to extract another 60p (or whatever) profit out of every £10 free bet.

Also, don't make a habit of going for 5.0+ for free bets as it's not good in the long-run for your account. You can get great value out of free bets with odds around 3.5-4.5, or alternatively using free bets on doubles/trebles using an acca sheet.
 

DisneyB

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Thank you both, understand why it was important with the qualifying bet but wanted to double check it's the same as the free bet as I'm starting up again after a few months break.
The odds of 5.00 were just an example number rather than what I'm always looking to do

I'm still to get my head around how accas work with MB, I've done football ones a number of times with regular bets in the past but never in conjunction with MB
 

MintySky

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[member=2431]Uhhhhh[/member] I accidentally arbed one of my free bets - the odds changed while I was placing the lay bet and it ended up 0.05 lower than the bookies. It's only a teeny tiny amount, so will that be ok?
 

Uhhhhh

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[member=1238]MintySky[/member] Yeah that'll be fine, don't worry about it!

It happens :)
 

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