Just wondering if it is okay to join any of the exchanges on the oddsmatcher or if I need to wait until it comes up in one of the PA demos.
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Joining exchanges
- Thread starter iwanttoberich
- Start date
Definitely sign-up with Smarkets as soon as you can as their commission is 2% rather than the 5% on Betfair, and this will save you a lot of money over your time Matched Betting (and they have a £10 sign-up offer). Matchbook are useful when you start doing a lot of horse betting as they have 0% commission on some days of the week, but can probably be left until you get to them in the PA list. Never used Betdaq myself.
I do most of my exchange work on Betfair still because of the liquidity but I agree with jkg-jkg, get Smarkets open asap.
You will need Smarkets to lay any Betfair bets you may do in the future.
You will need Smarkets to lay any Betfair bets you may do in the future.
Thanks Guys. One more question. I did the Sunbet this morning - £5 for a free £10 bet. I have received the free bet and they have also refunded my £5 stake. My horse didn't run. Do they refund stakes for that reason? Is this normal practice among bookies? Sorry if I sound like an idiot but it is confusing at times.
mabozza
White Van Roamler Man
Smarkets and Matchbook are an absolute must... i stopped using BF exchange very early and never touched it again.. 5% vs 2% or 1.15%
Matchbook is currently 1.7% and is payable win or lose (Smarkets and Betfair only if you 'win')
mabozza
White Van Roamler Man
Xorro
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Yes, if your horse is a non-runner then your bet gets cancelled, it would also have been cancelled on the exchange.
So I was going to open a Smarkets account so I could take advantage of the low commission and because a lot of the exchange bets are from that company. However, it offered a £10 free bet. Do I take this and work it out on my own (as it did not come on the list of PA offers) using the procedures on PA? If I do this will it affect the '£10 refund on your first losing £10' coming up soon on the PA list?
hmm good question
If it's a straight £10 free bet to use on smarkets I see no harm in using it and backing at a bookie as SNR
I joined Smarkets and spoke to the live chat help. It turns out that it is pretty much the PA offer. The £10 works as a refund on my first losing bet on Smarkets. So I will use them and hope my horse or team loses. This matched betting is quite challenging. You get the excitement without the big risk.