odaddybee said:
quick question(s)
So lets just say I invest £50-60 to one of the free offers which are available, am I just taking out what I invested to put towards another promotional offer with another bookmakers based on whether I win substantially or lose a little.
Basically, if I start with a budget of £60, how would I ensure I take advantage of other offers without touching my original investment? Again thank you for the previous responses. Today is literally a learning curve for MB before taking the plunge and dabbing atoe in the pool tomorrow
[member=2138]odaddybee[/member] The reason that you need a bankroll to start off with is that when you place a lay bet at the exchange then you need a 'Liability' amount (this is the amount that you will lose at the exchange if your bet loses there, BUT you will win at the bookies which covers this loss). The higher the odds you try to bet on, the higher the liability amount. You won't lose any of your original bank roll but you do need some money to be able to place bets.
Example: I just put a £30 free bet on a draw in the Iceland game (odds were 4.5 at the bookies and 4.6 at the exchange) - I needed £82.55 liability in my exchange account to place that bet. Now, that money isn't going anywhere (if I lose the £82.55 at the exchange then the bookies bet will win and cover those losses, plus with my profit on top) but I do need to have that much in my exchange amount to even place the bet. That's what you need your original bankroll for.
If you start off with a small bank roll (£60-£100) then perhaps you can only put one or two bets on at a time so progress will be slower, but then your bankroll will build up due to the profits you'll be making from offers, then you can do more offers at the same time. I started off with a couple of hundred just because I was impatient and wanted to do lots of offers at the same time haha.
Take advantage of the free trials offered by (
Profit Accumulator or my preferred site is
Oddsmonkey. Have a go on both trials - they're free so you might as well. They take you through step-by-step and have active communities for any questions you might have.