yeah well it's paid for now 3 Florida holidays, a car and a conservatory and I only stated with £50Here's hoping! I'm scared and excited about it in equal measure
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Matched Betting Discussion [OT] Discussion about Matched Betting II {Beginners Guide in 1st Post}
- Thread starter Jon
- Start date
mabozza
White Van Roamler Man
Good on yer... keep at it.. i dont understand liability really either but basically it means you need money in the exchange to be able to lay higher odds... after bet settles it will either be back in your exchange bank or in the bookies bank... either way you lose nothingHi everyone
Here's my referral code if any other newbies are thinking about signing up to Profit Accumulator (that way we both win
mabozza
White Van Roamler Man
ladymissell
Active Member
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- Oct 1, 2018
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whoa!!! ok that's incredible, congrats! How long have you been doing it for? I'd love to be debt free by the end of 2019, that's my goal with it. Then I can start saving for a house deposit!yeah well it's paid for now 3 Florida holidays, a car and a conservatory and I only stated with £50
As an example, my profit since beginning of August is £3400
. Of that £1600 is B365 (PP are mostly rubbish for 2UP), and of that £1100 is 2UP (and some 14UP) - the other £500 is from 4/1. So you are missing out on a big chunk of potential profit by not doing 2UP (it does help if you are able to keep track live of the matches you are on).
mabozza
White Van Roamler Man
What is 2 up? have seen it mentioned but had thought it was low probability like 88th min goals etc
It is when a bookie pays out on a match as soon as a team has gone 2 goals up, no matter what happens later. In a perfect world the other team comes back to win or draw and then you keep the winnings from the bookie, but you also get the money from the lay bet. You can usually make a small profit immediately if you want or let it ride to see if the other team comes back.
I dont understand the last part of the post jkg-jkg. I know that if the other team comes back you win with the bet and the lay - but how do you make a profit without waiting to see what happens? thanks
mabozza
White Van Roamler Man
Kind of what i thought it was yeah...had a look on OM for a guide actually and after reading it i see its a B365 and PP thing, both of which i am gubbed with but seems a hell of a lot of faff to make the odd couple of quid every now and again is it not?
If you think £550 a month is 'a few quid' then you are right. However............
Say you back a team £50 @ 3.0 (they are not likely to be the favourite at that price), then when they go to 2-0 their price is likely to be 1.25. You have won £100, but you also have a lay bet of £50 (so if you do nothing and it stays 2-0 you are making £0). However, if you were to place a back bet @ 1.25 of £120 you have a guaranteed £30 profit (if the other team comes back you lose the £120, but you have the £100 from the bookie and the £50 lay, if it stays 2-0 you have the £120 @ 1.25 bet you have just made and £30 profit)
Most times I will bet around 50% immediately and then let the rest ride. If the other team scores a goal back the odds on the first team will go up and give an opportunity to bet a little more if you want. There are a number of 2UP spreadsheets and calculators on OM to help this process. (in the example above betting £60 immediately gives a £15 guarantee and £90 if the other team comes back to draw/win)