Newbie confusion

[clairel81]

Hi, sorry if this has been asked before but i'm bit lost. I've been trying my hand at MB over the last couple of weeks and completed a few sign up offers but feel as though its just been dribs and drabs and constantly topping up money in the exchange. Im using betfair, feel as if i spend more money topping up in there than profit making. So my question is am I doing something wrong or do I need to take my brave pills , stick £50 in the exchange and go from there?
Also should I stick with Betfair or look at another exchange?

 

[Cas]

Hi, sorry if this has been asked before but i'm bit lost. I've been trying my hand at MB over the last couple of weeks and completed a few sign up offers but feel as though its just been dribs and drabs and constantly topping up money in the exchange. Im using betfair, feel as if i spend more money topping up in there than profit making. So my question is am I doing something wrong or do I need to take my brave pills , stick £50 in the exchange and go from there?
Also should I stick with Betfair or look at another exchange?

hello there , have finished most of the sign ups ?

The more money you have in the exchange the more offers you can do .

I am using smarkets , they have 0% commission at the moment.But if you are still doing signups then get familiar with what your doing .

you dont want to make a costly mistake

 

[Jon]

Hi, sorry if this has been asked before but i'm bit lost. I've been trying my hand at MB over the last couple of weeks and completed a few sign up offers but feel as though its just been dribs and drabs and constantly topping up money in the exchange. Im using betfair, feel as if i spend more money topping up in there than profit making. So my question is am I doing something wrong or do I need to take my brave pills , stick £50 in the exchange and go from there?
Also should I stick with Betfair or look at another exchange?

I assume you are topping up your betfair account as your bets are winning at the Bookie side so you wouldn't feel like this is they were winning at the exchange side as you would always have money in your betfair account then

In a nutshell, like you said, put on the brave pants as you ARE making money with each and every offer you do!

 

[clairel81]

I assume you are topping up your betfair account as your bets are winning at the Bookie side so you wouldn't feel like this is they were winning at the exchange side as you would always have money in your betfair account then

In a nutshell, like you said, put on the brave pants as you ARE making money with each and every offer you do!

Thanks. Ive taken the leap lol, put £50 into smarkets and am currently going through the 888 offer for 3x £10 free bets.
So my next question is about the liability in the exchange , if the lay bet in smarkets isnt the outcome of the bet then do I lose the liability amount or just the stake? Sorry for all the questions, I keep watching the videos but the liability bit is the part I cant seem to get my head round .

 

[Cas]

Thanks. Ive taken the leap lol, put £50 into smarkets and am currently going through the 888 offer for 3x £10 free bets.
So my next question is about the liability in the exchange , if the lay bet in smarkets isnt the outcome of the bet then do I lose the liability amount or just the stake? Sorry for all the questions, I keep watching the videos but the liability bit is the part I cant seem to get my head round .

you only lose the liability

 

[clairel81]

Thanks for all your help , from putting £50 into smarkets the other day I’ve been adding profit to it so am now up to £76 , will keep going like this until I have a larger amount sat there to cover liability then will start using profit to set up an account with money in to use for qualifying bets then think after that I will start to be able to take profit as actual profit . Hope all that makes sense .
Feel better now I seem to have a structure /plan in place .

 

[Jon]

Thanks for all your help , from putting £50 into smarkets the other day I’ve been adding profit to it so am now up to £76 , will keep going like this until I have a larger amount sat there to cover liability then will start using profit to set up an account with money in to use for qualifying bets then think after that I will start to be able to take profit as actual profit . Hope all that makes sense .
Feel better now I seem to have a structure /plan in place .

Great stuff!

honestly, everyone in the same boat at the very start hoping that their bets all win into the exchange!!

 

[clairel81]

Hi thanks for all your help so far, managed to get to the point of having over £100 in the exchange from my initial £50 I put in !!
So now I'm starting to build up a separate bank roll by withdrawing anything over £100 onto a a card not linked to my bank account so that my MB money is being kept separate.
I know that £100 in exchange/ the card probably not a lot compared to the more experienced members but does that seem like a reasonable amount to aim for then I can continue to leave some of the profit in each of them to build bigger bankrolls so I can start doing the bigger offers?
I'm finding it frustrating waiting for the money im transferring to be credited back to the cards as I don't want to use anymore of my normal bank balance just now. Keep reminding myself to be patient lol but assume thats fairly normal at this stage?