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

[robertadm82]

So which exchange did you use for the coral offer?

I used Betfair, but still I don't think it's relevant. The problem is about that £40 that came out from Betfred

 

[Jon]

Right based on what you've said I'm not quite sure what you've done so let's break down the two offers

Coral
Bet £5 get £20 free bet
Qualifying Bet £5 / lay bet at the exchange as Normal
Free £20 Bet, use Back on Coral, lay bet on exchange as SNR
Withdraw the money from Coral or Betfair and you will have made around £15 profit (Total of your deposits to Coral + Betfair + profit from the free bet)

Betfred
Bet £10 get £30 free bet
Qualifying £10 Back Bet on Betfred / lay bet at the exchange as Normal
Free £30 Bet, use Back on Betfred, lay bet on exchange as SNR
Withdraw the money from Betfred or Betfair and you will have made around £25 profit (Total of your deposits to Betfred + Betfair + profit from the free bet)

 

[robertadm82]

Mmmm.... I'm not following.
I haven't withdrawn any money from Coral so far. I only put +£10 (I deposited only £5 initially).

I won the free bets on Betfred then withdrew £40 (with a balance of £18), and put £30 back again on Betfred (balance of £48), and £10 on Coral, as I said.
I don't understand if I have to keep track of this £40 as deposit or else.

 

[Jon]

Mmmm.... I'm not following.
I haven't withdrawn any money from Coral so far. I only put +£10 (I deposited only £5 initially).

I won the free bets on Betfred then withdrew £40 (with a balance of £18), and put £30 back again on Betfred (balance of £48), and £10 on Coral, as I said.
I don't understand if I have to keep track of this £40 as deposit or else.

Why did you withdraw out of betfred and then put £30 back in again?

 

[homie]

https://www.bbc.co.uk/sport/football/54481945

The price for this is ridiculous!

Hi guys, I really need some help with figures... my profit tracker seems to be messed up. I am new to matched betting and also not good at maths...
So, I deposited £5 on Coral and £20 on Betfred.
I won on Betfred and withdrew £40 from it (leaving £18 balance). After two days, when I got the money on my bank account, I deposited the same £40 this way: £30 on Betfred again and £10 on Coral.
At this point, I am lost. I don't know how to keep track on that money, which was actually not "mine", but won. Do I have to consider it in the whole deposit I've put in so far, or just take it out and consider £15 on Coral (instead of the initial £5) and £50 on Betfred (instead of £20)?... I am very confused
Thanks in advance

I would just keep track of your individual profit or loss for each bet. Don't try to add up each and every deposit or withdrawal as the same money will cycle round and you will get in a right pickle.

 

[robertadm82]

Why did you withdraw out of betfred and then put £30 back in again?

That was a mistake

 

[robertadm82]

I would just keep track of your individual profit or loss for each bet. Don't try to add up each and every deposit or withdrawal as the same money will cycle round and you will get in a right pickle.

So I don't have to put this £40 in as deposit, based on what you said (if I understand correctly). Won't this mess up my net profit?
Sorry, I am totally inexperienced, I really appreciate all the support given me from you guys

 

[homie]

So I don't have to put this £40 in as deposit, based on what you said (if I understand correctly). Won't this mess up my net profit?
Sorry, I am totally inexperienced, I really appreciate all the support given me from you guys

Are you with odds monkey or Profit Acc? I think they both have trackers on their website to help you track your bets and maybe that will help?

 

[Wibble]

Anyone had a random free bet on the Betfair exchange today?

 

[Jon]

Anyone had a random free bet on the Betfair exchange today?

Nope BUT the wife is FOREVER getting random free bets (like every week) on Ladbrokes to use on Saturday horses!

 

[Wibble]

Nope BUT the wife is FOREVER getting random free bets (like every week) on Ladbrokes to use on Saturday horses!

Lost Ladbrokes a few years ago sadly.
BetVictor chuck me free bets fairly regularly, not weekly though.

 

[Jon]

 

[rninja]

Ladbrokes shop offers today:
Refund if draw on losing bets for Scotland-Czech & England-Denmark matches (correct score, first goalscorer, and HT/FT (need Grid Card for the latter)

Paddy Power shops:
Extra places on CJ Open & Scottish Open golf tournaments
Refund if 2nd/3rd/4th to SP favourite on selected horse races.

 

[Jon]

Ladbrokes shop offers today:
Refund if draw on losing bets for Scotland-Czech & England-Denmark matches (correct score, first goalscorer, and HT/FT (need Grid Card for the latter)

Paddy Power shops:
Extra places on CJ Open & Scottish Open golf tournaments
Refund if 2nd/3rd/4th to SP favourite on selected horse races.

* not available in Liverpool

 

[rninja]

Yes, no offence intended if offers not applicable.

 

[Jon]

Place a 5p bet on Liverpool v Everton this Saturday and you will get a £5 free bet from Sky Bet.

 

[Kingsavvysaver]

I won a £30 free bet on Netbet on Twitter comp :0 Time to match bet me thinks.

 

[LTedeschi]

Paddy Power is giving a £5 Free Bet for Sunday's Ascot.

If you are yet to sign-up you can use the link below to receive an offer for new customers (if you stake £10 you'll receive a £10 Free bet and 20 Free Spins in addition to the Free £5 Bet).

Referral link: https://promos.paddypower.com/choose-your-friends-with-benefits-offer?referrerCode=URA7FV3MK

Non-referral link: https://www.paddypower.com/bet

 

[Jon]

Paddy Power is giving a £5 Free Bet for Sunday's Ascot.

If you are yet to sign-up you can use the link below to receive an offer for new customers (if you stake £10 you'll receive a £10 Free bet and 20 Free Spins in addition to the Free £5 Bet).

Referral link: https://promos.paddypower.com/choose-your-friends-with-benefits-offer?referrerCode=URA7FV3MK

Non-referral link: https://www.paddypower.com/bet

nice one! Only saw that advertised this morning

Also

Man denied £1.7m payout by Betfred takes fight to High Court

Andy Green is suing bookmaker Betfred after it refused to pay up, citing a software error.

www.bbc.co.uk

 

[LTedeschi]

Paddy Power is also giving a £1 Free bet if you log in before 2 pm