Getting back into MB

Hook

Avatar is my future
Joined
Mar 11, 2015
Messages
310
Reaction score
4
Points
128
Location
Sheffield
Website
www.crowdedstreets.co.uk
So for the last three years I’ve been working in a job which hasn’t enabled me to do any matched betting on a regular basis, so I haven’t done it at all.

I start a new job working from home in September and I’m thinking I’ll get back into it. So a few questions:
  • is it still worth it?
  • How easy is it to get back into it if I’ve done most of the starting offers?
  • How much capital do I need to get started?
  • Which websites are recommended? I used to use PA, but have some newer and better sites come along?
  • Is there anything I should know?



  • cheers guys - hoping to be a lot more active around here again

 
  • Like
Reactions: Tmom and Jon

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
25,618
Reaction score
2,760
Points
283
Age
38
Location
Leeds
So for the last three years I’ve been working in a job which hasn’t enabled me to do any matched betting on a regular basis, so I haven’t done it at all.

I start a new job working from home in September and I’m thinking I’ll get back into it. So a few questions:
  • is it still worth it?
  • How easy is it to get back into it if I’ve done most of the starting offers?
  • How much capital do I need to get started?
  • Which websites are recommended? I used to use PA, but have some newer and better sites come along?
  • Is there anything I should know?



  • cheers guys - hoping to be a lot more active around here again
Yes yes and yes basically

There are some great reload offers before the start of the premier leave on Friday so it’s a great time to jump in

If you’ve already done the sign up offer with them then just push onto the reloads :)

You should be able to start with £50-£60 and just grow your bankroll from there
 
  • Like
Reactions: Hook

Hook

Avatar is my future
Joined
Mar 11, 2015
Messages
310
Reaction score
4
Points
128
Location
Sheffield
Website
www.crowdedstreets.co.uk
Yes yes and yes basically

There are some great reload offers before the start of the premier leave on Friday so it’s a great time to jump in

If you’ve already done the sign up offer with them then just push onto the reloads :)

You should be able to start with £50-£60 and just grow your bankroll from there
Cheers Jon

Can I get enough info from the forum here or is it worth joining a specialist MB we
 

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
25,618
Reaction score
2,760
Points
283
Age
38
Location
Leeds
Cheers Jon

Can I get enough info from the forum here or is it worth joining a specialist MB we
ALWAYS join a matched betting company! The sheer amount of information and tools you get access to will be off in the long run!
 

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
989
Reaction score
335
Points
223
  • Which websites are recommended? I used to use PA, but have some newer and better sites come along?
As you have done the sign-ups the main selling point for PA is gone. OddsMonkey definitely has better tools (especially the Oddsmatcher) and will be worth a look.
 

RedAlix

Money Making Megastar!
Joined
Jan 21, 2014
Messages
949
Reaction score
4
Points
128
Location
Kent, UK
Website
mymortgagefree.blogspot.co.uk
I've literally come on to ask the same thing. Used to do matched betting and haven't since starting a job a couple of years ago. Would love to earn extra money again.

I guess the old betting websites will remember me so can't do sign up offers again?
 
  • Like
Reactions: Jon

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
25,618
Reaction score
2,760
Points
283
Age
38
Location
Leeds
I've literally come on to ask the same thing. Used to do matched betting and haven't since starting a job a couple of years ago. Would love to earn extra money again.

I guess the old betting websites will remember me so can't do sign up offers again?
If it's been a number of years and your account has been closed down you may be OK to do the sign up offer again with them ;)

You'll know soon enough lol
 
  • Like
Reactions: RedAlix

Kevinburrow

Well-Known Member
Joined
Jul 18, 2019
Messages
42
Reaction score
17
Points
58
Age
39
I was able to sign up with Betfred again despite previously having an account. It did take about 5 years of inactivity, though. I must have signed up with dozens of betting sites back in the day. I wish there were new ones more often :D

I only have about £150 to start with so it's going to be a rather long slog and switching money between accounts, waiting days for money to hit the bank etc.
 
  • Like
Reactions: Jon

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
25,618
Reaction score
2,760
Points
283
Age
38
Location
Leeds
I was able to sign up with Betfred again despite previously having an account. It did take about 5 years of inactivity, though. I must have signed up with dozens of betting sites back in the day. I wish there were new ones more often :D

I only have about £150 to start with so it's going to be a rather long slog and switching money between accounts, waiting days for money to hit the bank etc.
I started with £60 and never put anymore in.. you’ll be fine :)
 

Kevinburrow

Well-Known Member
Joined
Jul 18, 2019
Messages
42
Reaction score
17
Points
58
Age
39
I started with £60 and never put anymore in.. you’ll be fine :)
Yes, I imagine you had a lot more sign up offers than will be available to me :)

Still, guaranteed money is not to be sniffed at.
 
  • Like
Reactions: Jon

Kevinburrow

Well-Known Member
Joined
Jul 18, 2019
Messages
42
Reaction score
17
Points
58
Age
39
I'm a bit confused by the smarkets video tutorial. It says that if your smarkets bet wins then you have automatically made a profit straight away, but I don't see how? I have bet £10 with smarkets at 4.7 and laid at 4.7 on Betfair. Either way I make a small loss to begin with unless or until I get the £10 losses refunded at smarkets with their offer?
 

homie

One of the finest Matched Betting helpers around!
Joined
Oct 16, 2016
Messages
1,380
Reaction score
560
Points
233
I'm a bit confused by the smarkets video tutorial. It says that if your smarkets bet wins then you have automatically made a profit straight away, but I don't see how? I have bet £10 with smarkets at 4.7 and laid at 4.7 on Betfair. Either way I make a small loss to begin with unless or until I get the £10 losses refunded at smarkets with their offer?
How much did you lay it for at betfair?
 

homie

One of the finest Matched Betting helpers around!
Joined
Oct 16, 2016
Messages
1,380
Reaction score
560
Points
233
About £7.80. The point is, if you're backing at 4.7 and laying at 4.7 you lose a bit to begin with.
No you've done fine. Backing and laying at the same odds will only lose you your commission.

I make it that you should be £7.40 up whether the bet wins or loses.

If you like maths it looks something like this.

Smarkets bet loses: £10 stake lost but refunded as cash so you are back to £0
Meanwhile at betfair your lay bet has won so you have £7.80 (-5% commission) = £7.41
Total profit: 0 + 7.41 = £7.41

Or the flip side

Smarkets bet wins: £10 X 4.7 = £47.00 (-£10 stake) = £37 (- 2% commission) = £36.26
Meanwhile, back at the batcave your lay will have lost. £7.80 X 4.7 = £36.66 (-£7.80 stake) = -£28.86
Total profit: 36.26 - 28.86 = £7.40
 
Last edited:
  • Like
Reactions: Kevinburrow

Kevinburrow

Well-Known Member
Joined
Jul 18, 2019
Messages
42
Reaction score
17
Points
58
Age
39
No you've done fine. Backing and laying at the same odds will only lose you your commission.

I make it that you should be £7.40 up whether the bet wins or loses.
I feel a bit stupid but how is that so? I understand if a free bet comes into play but backing and laying at the same odds can't generate a profit at the initial stage :/

I'm missing something, aren't I? :D
 

TMSPRESTO

Forum statistics

Threads
5,460
Messages
149,668
Members
8,050
Latest member
aleksey_nc

Latest profile posts

Jon
Gah, buying more domain names again!
cashbacklover2019 wrote on PinkRoses's profile.
Just to say thanks for using my Western Union/10.00 Gift Card link :)
Jon
Messing around with Wordpress Themes FAR too late on a Sunday night!
I knew staying away from domains wouldn't last forever - just bought another one (or two)! :D
I'm going to be a Grandma :)