Matched Betting Discussion [OT] Discussion about Matched Betting II {Beginners Guide in 1st Post}

[Jon]

Agreed, unless Liverpool suddenly get decimated with injuries the League is certainly looking done.

aye, just shows how out of balance the premier league is that you can decide on winners by November!

Reminds me of when PaddyPower paid out early on Leicester!

 

[Autumn500]

right, i have made a massive cock up-can someone confirm that these would be the best steps to make next?

I was doing the bet mcclean offer-deposit 100 and get 100 bonus to be wagered 5 times within seven days. I was on my fourth bet but i have placed it on a bet outside of the seven days. As far as i can see, i have lost the liability for the first three settled bets (about £170 quid-gutted) but i'm guessing i could cash out on the exchange to at least get some of my liability back on the fourth bet? Feel like beating myself round the head for being so stupid, especially as i was just reading today about someone losing their whole bank roll ffs.

 

[Jon]

Yeah I think you are right if you cancel the lay bet you would at least get some of your liability back

Thoughts @jkg-jkg @rninja ?

 

[Autumn500]

The liquidity is too low so cash out unsuccessful-should i just keep checking the market until closer to the game (5th december) in the hope it improves? Brings my november profit to a grand total of £1.50-i suppose at least it isn't in the negative figures lol

 

[Wibble]

@Autumn500 What are the exact terms? I can't see the sign up on Odds Monkey - is it the 100% deposit bonus?

If you've bet on terms outside of the offer then doesn't automatically mean you can't still fulfill the offer if you can place more bets within the 7 days, unless all your cash is tied up of course.

£170 is a huge liability on 3 bets is that figure right?

edit saw £170 and thought qualifying loss. apologies!!

 

[Peaches]

Oh no Autumn500! Hope it resolves over next few days

every single bet has won at the bookies the last few days so now grounded till withdrawals clear. Booo!

 

[Autumn500]

hi @Wibble it's on PA not OM. Ts and Cs below. My fourth bet is due to settle on the 5th December but my bonus expires on the 4th-it says if you bet before your previous bet settles it will not count towards wagering so i don't think there is a way out of this. Bets were £100 each hence the large liability.



We're offering an exclusive Sports bonus to our new Northern Ireland & Eire customers! Get a 100% Top-up bonus on your first deposit as a Sports bonus balance.

For example, deposit £100, and we will top-up your account with £100 Sports bonus balance. You need to Claim the bonus in your Bonus section of your account before you deposit or the bonus will not apply. Max bonus awarded is £100.

The Sports bonus balance has a few terms attached;

Promotion Terms and Conditions

- Offer will only apply if you claim the bonus in the bonuses section of your account before you deposit. Deposits made before this will not qualify for bonus.

- Max Bonus awarded per customer is £100

- Applies to 1st deposit made after account is opened and bonus is claimed in Bonus section prior to deposit.

- Sports Bonus are Win Singles only.

- Once Sports bonus balance is awarded, your account will automatically take your next qualifying bet stakes from this balance until your entire Sports bonus balance has been spent, however if you place a bet before a Sports bonus bet has been settled it will be taken from your CASH balance instead. Cash stakes do not count towards wagering requirements. Only bets placed after any Sports bonus winnings have been credited to your account will count towards wagering.

- Qualifying bet: Single, odds 1/2 or greater, settled within 7 days

- You must stake the value of your bonus at least five times (x5) before you can withdraw any winnings from the bonus. Eg: £100 Sports bonus x 5 = £500

- Minimum deposit to qualify for this offer is £5, Max deposit to qualify for this offer is £100

- Only one deposit bonus per player with this offer

- Max winnings from a Sports Bonus is capped at £1,000

How Sports Bonuses work:

If your Sports bonus bet loses it will expire. If your Sports Bonus wins, the winnings go into Bonus Winnings Balance.
The next bet you place will from Bonus Winnings providing it a qualifying bet of min 1/2 . If it loses, the bonus expires. If it wins, the winnings are added to bonus winnings balance. All bets with Bonus winnings will count towards wagering. Anyny bets made between placing bonus bet and it being settled doesn’t count towards wagering and will come from your cash balance. You can withdraw your cash balance at any time.You must wager bonus granted x 5 times to clear wagering requirements for the Inplay offer.

Sports bonus balance Terms and Conditions;

- Sports Bonus do not qualify for this offer or any other offer/concession. Customers are only permitted ONE ACTIVE Bonus at any one time.
- Sports bonus balance can be used on singles only
- Sports bonus balance must be placed on selections at 1/2 or greater
- Sports bonus balance awarded must be used within 7 days on events starting/finishing within those 7 days
- Sports Bonus stakes cannot be combined with other free bet stakes
- This offer and Sports bonus balance are subject to any trading conditions on your account
- Bets placed with Sports bonus balance cannot be cashed out
- Winnings from your Sports bonus balance are available as cash in your account as soon as event is settled, but cannot be withdrawn until you have met the 5x wagering

-Sports bonus balance stakes are non-refundable

General & regulatory restrictions
- Over 18’s only
- Applies to Northern Ireland and Eire customers only
- This free bet offer is available only once per person, household address, email address, debit/credit card number, and IP address.
- Does not apply to Neteller or Skrill customers
- BetMcLean reserves the right, at its discretion, to exclude certain customers from this promotion.
- BetMcLean reserves the right to change the terms or availability of this offer at any time
- BetMcLean rules apply

 

[Autumn500]

Oh no Autumn500! Hope it resolves over next few days

every single bet has won at the bookies the last few days so now grounded till withdrawals clear. Booo!

i'm so annoyed with myself but at least its just a reduction in profit rather than an actual loss of money (thats how i'm consoling myself anyway, along with copious amounts of chocolate lol)

 

[rninja]

Well done in working yourself out of a hole. That's why its vital to know at least some theory behind what you're doing with matched betting.

 

[Autumn500]

Well done in working yourself out of a hole. That's why its vital to know at least some theory behind what you're doing with matched betting.

Thanks-i think if i had made a mistake and didn't know what i had done wrong it would be stressing me out, but this was very much my mistake, and a silly one at that, so it just makes me want to carry on with extra concentration in future (and get that profit back up asap!)

 

[jkg-jkg]

Once Sports bonus balance is awarded, your account will automatically take your next qualifying bet stakes from this balance until your entire Sports bonus balance has been spent, however if you place a bet before a Sports bonus bet has been settled it will be taken from your CASH balance instead. Cash stakes do not count towards wagering requirements. Only bets placed after any Sports bonus winnings have been credited to your account will count towards wagering.

If I were in your position the two things I would try would be: 1) Try placing another bet to see if it does come out of your cash balance (making sure you can lay it of course), and 2) maybe clear your cash balance and see if you can still make a bet.

I have never used Betmclean so cannot be sure if either of the two things above would work, but a lot of the time the mechanics of an offer don't actually follow the T&Cs

 

[Wibble]

@Autumn500

The T&C's seem pretty black and white, the only things I'd ask are:

• does the bet that settles on the 5th start and finish on the 5th, and if not does it use up all the remaining bonus funds (ie if it starts within the 7 days (before the 5th) you could still bust out of the bonus WR on the 4th bet (if you've used up all the bonus funds)
  
  - Sports bonus balance awarded must be used within 7 days on events starting/finishing within those 7 days
  
  so if it loses you wouldn't don't need to do the fifth and final WR bet - not guaranteed of course but there might be a way of locking in at least some profit?
  
  
• is the bet on the 5th definitely from bonus funds and not from cash; (loooong shot, I apologise for asking stupid questions, but the bet might not count towards wagering).

Grasping at straws sadly.

 

[Autumn500]

I think i will just try to withdraw my balance from bet mclean and chalk it up as a learning experience, i'm too scared of losing more money!! Thanks for the help @Jon @Wibble @jkg

 

[Jon]

can't believe watford are sacking their manager after less than 3 months in charge!

Time to try and make some money from the impending Norwich city loss this afternoon!

 

[Jon]

 

[Karonher]

They are going through them. You are far too negative about Norwich. I'm hiding from half four until half six.

 

[Jon]

They are going through them. You are far too negative about Norwich. I'm hiding from half four until half six.

oh yeah what a great result for Norwich there lol

the hell was going on with that penalty!!

 

[Jon]

I must have missed the memo but I didn't realise that midweek games this week are also ONLY on Amazon Prime

 

[rninja]

I accidently renewed Amazon Prime after a free trial so

 

[Jon]

I accidently renewed Amazon Prime after a free trial so

Hope the coverage is in 4K

It's ridic that we have now the premium league over 3 different platforms!! lol