My first month of matched betting

sillymoo

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It's soon going to be a month since I started matched betting and wanted to say that my 1st month profit (after the coming weekend matches) will be just over £200 :)

I started with £100 but then added another £100 as was frustrated at not having enough money to place bets. Even now I feel my progress is slow - 2 matches at the weekend have tied up all my funds. I have a few pending withdrawals but it takes forever for the money go to back in the bank. Funny how the bookies are happy for me to deposit within seconds but withdrawal takes 3-5 days.

I've joined PA for one month and am still going through the sign-up offers. I know I have a lot to learn (have no idea what accas are and no idea what to do with casino games and often feel out of my depth when reading your MBind thread) but I'm hoping that will come in time.

So far I have only 2 negatives that I have come across - how much time all this takes and that you can't really withdraw any money for the first few months. I've read quite a bit about MBing before starting but these two points somehow eluded me. Still, at this stage it's definitely worth it to keep going. So I'm planning to renew my PA membership and wanted to hear your opinions on whether you think it's better to pay a month at a time or go for the full year. The full year membership is obviously better value but only if I was to continue for at least 6 months. I've seen a lot of discussions on here about how matched betting is not what it used to be and some people are getting discouraged so I'd really hate to pay for the full year only to decide it's not worth my while after 3-4months. Which packages did you opt for? Or should I explore other MB websites?

PS: I've been using [member=143]auntygeek[/member] spreadsheet so far. It's very useful, thanks :) I'm hoping to create my own spreadsheet one day but I need to get to grips with all the calculations first.
 

Jon

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Hey [member=5645]sillymoo[/member]

First you are doing fantastically well

In terms of money yes you might not be withdrawing all the cash right but that's ok. I built my bankroll up to £2000 before I started withdrawing money from it so that I had a bit enough bankroll to do all the offers I wanted

In terms of longevity of Matched Betting I STILL maintain there isn't a problem with it. As time goes on you get more and more confidence and are happy to try things like horse refunds and accas which is where the money is LONG TERM (just wait until Cheltenham week in March!!) and you do those alongside your bread and butter reloads.

If you aren't willing to diversify and follow the advice from PA Or whoever you will won't much as much money long term!

Take a look at the "make £1000 every month" thread on the PA forum and you will see they are guiding you through making that everyday showing you the offers to do and how much each offer is worth.

In terms of how long it takes you to place your bets that WILL get quicker to the point where you do it like it's second nature.

In terms of your PA membership I would just do whatever you want really. Will you get more than a year out of MBing? Yes! I'm over 2 years now and still going strong!

Hope all that helps!
 

Uhhhhh

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Hi [member=5645]sillymoo[/member] - well done on your first month!

Regarding which service/package to go for, well I'd say it's worthwhile giving all of them a try because they do a free trial so why not? HOWEVER I'd do it a month or two down the line, once you're more confident with betting, have the majority of the initial new account sign-ups done and when you feel like you know what you're doing and are starting to branch into other areas with reloads and things that require other pieces of software (accas, refunds etc). That way you can make comparisons on which service fits you the best. The info for the new account start-ups is the same across the services so I think comparing now won't give you as much insight, if that makes sense?

Also, personally I'd give it a month or two before deciding to commit to a year. MB has changed, and you can't really disagree with that. It is harder to make 'easy' money without putting more time/effort into it HOWEVER it does not mean that it's become impossible. For me, I don't have loads of time to put into it anymore and the offers aren't as good so I've changed my target from £500 to £200-£300, and I do generally hit that lower target comfortably without too much time/effort. It is worth doing even if you can only have a couple of hours at the weekend because at the end of the day it is tax-free money.

A tip for making your starting pot stretch a bit further for more bets - bet on the same market in the same match, that way you share some of the liability and need less in the exchange. So, bet on the win-draw-win market on a football match on all three of the outcomes (team A win, draw, team B win). Also if you do this then you're guaranteed to have 2 out of 3 bets lose into the exchange. Oh AND you save some pennies on commission so you're making more profit - these pennies add up.

In regards to your negatives:
- the time it's taking you at the minute will decrease, I absolutely promise you that. At the moment you'll be taking your time to check everything a million times, questioning yourself, making sure you follow all instructions etc. In time you'll place 10 bets in 5 minutes and not blink an eye. I've been there!
- not being able to withdraw money. Well, I agree it can be a pain. If you have a bit more money to add to your pot to start with then obviously that helps, as you can have more bets open at once. With less money you'll be going at a steadier pace, however you can see that you ARE making a profit - so see your starting pot as an investment; you can't take the money out straightaway but one day soon you can start to dip into it and it feels more 'real'. What I did is I set myself a profit target (I think it was £700) and I told myself that when I hit that target I was going to withdraw £50 and treat myself to something - which I did, and it felt great to be able to "see" my profits and enjoy them. Also, having a target spurred me on.

This is all just my opinion though, obs. Plenty of people may disagree with me of course! Feel free to ask anything if you need it.
 

sillymoo

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Thanks guys, some good advice from you as usual :)

Forgot to mention - I did the first few signups through the PA website then read on this forum I could use cashback sites. Signed up to 188Bet via TopCashback and got £10.50 cashback ;D Needless to say all my signups in the future will also be via cashback sites where possible.
 

Uhhhhh

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sillymoo said:
Thanks guys, some good advice from you as usual :)

Forgot to mention - I did the first few signups through the PA website then read on this forum I could use cashback sites. Signed up to 188Bet via TopCashback and got £10.50 cashback ;D Needless to say all my signups in the future will also be via cashback sites where possible.
[member=5645]sillymoo[/member] Absolutely! Always check Topcashback and Quidco before you sign up to a new bookies...some very cashback offers that should add a few hundred pounds to your sign-up profits.
 

katykicker

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Well done you, I've had a few nice amounts of cashback from those sites.
 

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