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

[Uhhhhh]

[member=1]Jon[/member] Living vicariously through you on this one. As always

Keep us updated!

 

[Jon]

It's 20p spins!!!

I will either end up a lttle bit up or a little bit down at the end of wagering

Always the same with 20p spins

 

[Jon]

the spinning has begun....

 

[Pbrail]

Thank you! Here they are:

Stan James: http://snag.gy/z1vNM.jpg

Betfair: http://snag.gy/Q5Yct.jpg

[member=1619]SarahLu[/member] I just looked up that race on Sporting Life - he won at much shorter odds and I see a non-runner in the race. Whilst it's not saying it on the screenshots you posted, it looks like a Rule 4 was applied (when odds are changed due to a horse not taking place in the race). This has happened both with SJ and Betfair so everything has basically scaled down proportionally.

 

[Pbrail]

Pp gold Mine slot offer

1000 x 20p spins so £200 of wagering

I can probably do that with only £40-£50 in the bank

WHO IS WITH ME???????????

ALL ABOARD THE SLOT TRAIN!!!

After last weeks ass-kicking, I wish I'd stayed away a bit longer to lick my wounds. Over £50 down *sigh*

 

[SimonP]

Thank you! Here they are:

Stan James: http://snag.gy/z1vNM.jpg

Betfair: http://snag.gy/Q5Yct.jpg

[member=1619]SarahLu[/member] I just looked up that race on Sporting Life - he won at much shorter odds and I see a non-runner in the race. Whilst it's not saying it on the screenshots you posted, it looks like a Rule 4 was applied (when odds are changed due to a horse not taking place in the race). This has happened both with SJ and Betfair so everything has basically scaled down proportionally.

The thing is that you have actually made more profit by 42p.

You should have won £90 and lost £73.70 = £16.30 profit
You actually won £45 and only lost £28.28 = £16.72 profit

Good profit on a FB by the way

 

[Jon]

500 spins - £100 wagering done so far
£9.25 down

500 spins to go

 

[Jon]

All done

£37 down after wagering £200

Free spins will prob give me £20 odd so baring a miracle think I will end up being £15 down after the whole offer

 

[SarahLu]

Thanks for looking that up [member=1315]Pbrail[/member] , much appreciated. Sods law for this to happen to me on one of my first bets before I've gotten my head around it all! Is there anywhere on either the bookie or betfair sites where it will tell me that the rule 4 has applied, so I know where to check if the amount is different from expected in future?

[member=2824]SimonP[/member] Yep so at least its gone in my favour Is it possible to lose out due to this happening?

Last question - how would I record this on the spreadsheet please [member=143]auntygeek[/member]?

massively appreciate all the help, I'm really clueless with all this at the mo!

 

[auntygeek]

Thanks for looking that up [member=1315]Pbrail[/member] , much appreciated. Sods law for this to happen to me on one of my first bets before I've gotten my head around it all! Is there anywhere on either the bookie or betfair sites where it will tell me that the rule 4 has applied, so I know where to check if the amount is different from expected in future?

[member=2824]SimonP[/member] Yep so at least its gone in my favour Is it possible to lose out due to this happening?

Last question - how would I record this on the spreadsheet please [member=143]auntygeek[/member]?

massively appreciate all the help, I'm really clueless with all this at the mo!

The match and go spreadsheet? Not an expert in rule 4 but your account should show the odds you got for which bet you won or lost - just amend these in the spreadsheet to calculate the right profit.

 

[SarahLu]

your account should show the odds you got for which bet you won or lost - just amend these in the spreadsheet to calculate the right profit.

Oh..the odds seem to be the same as what they were when I put the original bet on. I can't find anywhere that says they have changed, they just appear as in the screenshots above (which is what is also entered on the spreadsheet)

 

[auntygeek]

your account should show the odds you got for which bet you won or lost - just amend these in the spreadsheet to calculate the right profit.

Oh..the odds seem to be the same as what they were when I put the original bet on. I can't find anywhere that says they have changed, they just appear as in the screenshots above (which is what is also entered on the spreadsheet)

Okay sorry! a wee hack is to take the winnings and divide by your stake. This will give you the amended odds. Enter stake and odds and the profit will calculate

 

[auntygeek]

Drop me a DM tomorrow if you can't get it to work - on my phone at the moment but we can figure it out don't worry

 

[SarahLu]

your account should show the odds you got for which bet you won or lost - just amend these in the spreadsheet to calculate the right profit.

Oh..the odds seem to be the same as what they were when I put the original bet on. I can't find anywhere that says they have changed, they just appear as in the screenshots above (which is what is also entered on the spreadsheet)

Okay sorry! a wee hack is to take the winnings and divide by your stake. This will give you the amended odds. Enter stake and odds and the profit will calculate

After doing the above, its calculated that I got £25 profit, when I actually got £45 :-\ I'm now wondering if the odds really have changed?

 

[auntygeek]

your account should show the odds you got for which bet you won or lost - just amend these in the spreadsheet to calculate the right profit.

Oh..the odds seem to be the same as what they were when I put the original bet on. I can't find anywhere that says they have changed, they just appear as in the screenshots above (which is what is also entered on the spreadsheet)

Okay sorry! a wee hack is to take the winnings and divide by your stake. This will give you the amended odds. Enter stake and odds and the profit will calculate

After doing the above, its calculated that I got £25 profit, when I actually got £45 :-\ I'm now wondering if the odds really have changed?

Was it a free bet? That method is for when you get the stake returned...

If the stake isn't returned (ie free bet SNR) you would need to:

Divide winnings by stake
+1

= odds

Eg if you got £45 from the bookie and it was a £10 FB the method would be

45/10 = 4.5

Add 1 ... Odds would be 5.5

 

[SarahLu]

Was it a free bet? That method is for when you get the stake returned...

If the stake isn't returned (ie free bet SNR) you would need to:

Divide winnings by stake
+1

= odds

Eg if you got £45 from the bookie and it was a £10 FB the method would be

45/10 = 4.5

Add 1 ... Odds would be 5.5

It was a free bet - and that worked, thank you. I'm assuming I also need to re-enter the new Betfair odds using the same calculation? (Just tried it and it did give me the correct loss from that calculation)

 

[auntygeek]

Was it a free bet? That method is for when you get the stake returned...

If the stake isn't returned (ie free bet SNR) you would need to:

Divide winnings by stake
+1

= odds

Eg if you got £45 from the bookie and it was a £10 FB the method would be

45/10 = 4.5

Add 1 ... Odds would be 5.5

It was a free bet - and that worked, thank you. I'm assuming I also need to re-enter the new Betfair odds using the same calculation? (Just tried it and it did give me the correct loss from that calculation)

Yes to get the correct liability deducted you'd need to amend betfair odds

 

[SarahLu]

Yes to get the correct liability deducted you'd need to amend betfair odds

Thank you, just checking! It is now showing the correct balances for my accounts Thanks so much

 

[SarahLu]

I think I've just about got my head around it now...only thing I'm struggling with is why Betfair and Stan James don't show the new odds anywhere...all the records of the bets/profits etc are still showing the original odds ...annoying!

 

[askgar]

Decided to do the PP Slots Offer, looks to be about +£6 EV if you get to 1000 spins, going to work on it over a couple of days.

200 Spins in and £4 up, hit no bonus round until around spin 180, then I had 2 dynamite bonuses in 5 spins.