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

[gembaxter25]

I have just totted up my MB balance from 01 March to today and it is £1,116. And I have nothing written down for the whole of April. Hope that helps people who aren't sure what to do.

 

[LucyKB]

Wow! Well, [member=1]Jon[/member] [member=2607]stonecrows[/member] I have just done it. Tell me it's totally normal to have to put quite a bit of money in Betfair for liabilities (?!). Following Profit Accumulator instructions, I have done all I can until my Bet Fred free bet comes through 24 hours after my first bet settles. I am mildly panicking in the way you do when you have put pretty much all you have into an online betting shop (Betfair)!

 

[Jon]

Yes putting money into betfair to cover your liability is normal don't worry

Have you done the coral offer as well?

 

[stonecrows]

That was the nerve-wracking part, I remember. Trusting that your money won't disappear somewhere! You feel like, it's a gambling website, something bad will happen!

I aim to make about £250-300 a month and usually hit it. That's not a particularly high target compared to some people either. I've had leaner months where I have a week off when I've gone away or offers are low. Also, I don't do casino offers much. I can't cope with the losing streaks that happen between the winning streaks (even though I know mathematically it works out profitable in the long run). But if you do start doing the casino offers you can make some good money there too.

 

[snowball]

I opened up an account with Titan bet. Placed a bet and laid it off. I was given 20 free spins in the casino. I use them and now have £1500 to use on the casino. Is this normal to win this much to play with and how does it work. Will I get money to withdraw if I win with this? As you can probably tell it's all new to me.

Thanks

 

[katykicker]

[member=1]Jon[/member] can you help?

 

[AJ]

Hi

I've just signed up to bet365 to use the £200 bonus offer. I was just looking at the verification process they use and it says my account is already verified under the KYC (know your customer). But it also mentions something about postal verification? So do they send out a letter to confirm address etc?

 

[katbythesea]

Found an account with a free bet in it i had forgotten about - but had £125 wagering to do before I got it - it expires tomorrow so have done 2 bets this afternoon & both won into the bookmaker meaning up with them by £136 - still have £69 to go on the wager. Do you think I'd be ok doing this today on horses (other bets today on horses) but try and lose or leave till tomorrow to finish off or won't it make much difference.

Just don't want to get gubbed in an afternoon!

 

[Uhhhhh]

[member=2823]katbythesea[/member] Since you won both bets I would personally have another one on the evening races tonight, however if you want to look a bit more muggy then save them until tomorrow for the channel 4 racing.

What's the bookies?

 

[Uhhhhh]

I opened up an account with Titan bet. Placed a bet and laid it off. I was given 20 free spins in the casino. I use them and now have £1500 to use on the casino. Is this normal to win this much to play with and how does it work. Will I get money to withdraw if I win with this? As you can probably tell it's all new to me.

Thanks

[member=3692]snowball[/member] You won £1500 on 20 free spins? Bloody hell!

So, you deposited your money and bet the full amount of deposit? So technically you don't have any of your own money in your balance right now? (just the money tied up in the open bet?) What does it say when you click on 'balance'? It should show you how much you have in your REAL balance and how much in bonus funds.

Did you get an email or anything to tell you about the 20 free spins? If so then check if there is a link to the terms and conditions, or post them here and someone can help point you in the right direction. Generally free spins have 'wagering requirements' which basically means you have to turn over a certain amount of money before it's free to withdraw, and until you have completed the wagering requirements it will remain in 'bonus funds'. Example: 'wagering is x 10 winnings' and you win £5, would mean that you have to spin through £50 (10 x £5) before you get your winnings as withdrawable...but if you lose all of your money before this happens then you have 'bust out'. A lot of the time free spins for new accounts can have high wagering requirements (maybe x30 or x35).

If all else fails then go onto live chat, tell them that you have lost track of wagering and ask how much you need to wager to access your money

 

[katbythesea]

[member=2823]katbythesea[/member] Since you won both bets I would personally have another one on the evening races tonight, however if you want to look a bit more muggy then save them until tomorrow for the channel 4 racing.

What's the bookies?

Thanks - Both wins on favourites so might do something with higher odds - netbet is bookies.

 

[snowball]

[member=1]Jon[/member]. Thanks for your reply. It says I have £44 that I can with draw which I won on the first bet. It says if I withdraw it I will loose my £1500 for the casino slot things. I did have a play around with it earlier and won a few more pounds. I will have a good look at your reply when over in. When I opened up the account it said that I had 20 free spins, I can't say I remember see the t&cs but I probably wasn't looking lol.

 

[malihat]

I just started matched betting last week and completed my offer with William Hill a couple of days ago and received this email today:

To say thanks for choosing William Hill, we will give you a £10 bet* when you place your next bet of £10 or more.
*Matched Bet - Terms and conditions
Customers who receive this promotion and place a qualifying bet stake of a minimum of £10 single or £10 Each Way single (at odds of 1/5 or greater) will receive a free bet of £10. Multiple bets do not qualify.
Free bet tokens can be used to pay for sports bets only.
Free bet tokens are non-refundable.
The free bet stake is not included in any returns. The estimated return on the bet slip and the bet receipt indicate returns with stake.
A free bet token cannot be partially redeemed. If you attempt to place a bet for lesser total stake than the value of your free bet token, you will not receive any further free bet tokens.
Free bet tokens will expire after 7 days.
The offer will only be issued once per deposit, person, family, household, address (postal or IP), email address, any environment where computers are shared (eg workplaces, public libraries etc), computer (or other access device), and/or account.
All usual William Hill terms and conditions apply.

Seems like a straightforward free £10 bet. Is it ok for me to go ahead with this or should I place a mug bet first?

 

[Uhhhhh]

[member=1]Jon[/member]. Thanks for your reply. It says I have £44 that I can with draw which I won on the first bet. It says if I withdraw it I will loose my £1500 for the casino slot things. I did have a play around with it earlier and won a few more pounds. I will have a good look at your reply when over in. When I opened up the account it said that I had 20 free spins, I can't say I remember see the t&cs but I probably wasn't looking lol.

[member=3692]snowball[/member] Yes - when you have money in 'bonus funds' (i.e. winnings from free spins) then it's 'locked' in to your account until you do the wagering that is attached to the offer. If you try to withdraw your own funds (in this case, the winnings from your bet) then it will forfeit the bonus funds - so don't do that! It's very likely that the wagering is high (like maybe 30x or something...) which is obviously a LOT of wagering, but you never know - it could be 1x wagering or something. Best to know what you're faced with and then get a plan of action. If it's 30x wagering (30x£1500 = LOTS!! ) then you'd have to be doing big spins (£5? £10? best ask [member=1]Jon[/member] for advice) but if the wagering is low then I'd do smaller spins.

I highly suggest that you go onto live chat (which is usually best avoided, but I'd make an exception in this case!!) and ask how about how much wagering you need to do to withdraw your funds, because this is a special case! It is totally rare to win such a large amount on free spins...TOTALLY! I had 20 spins last week and won about £4.50 and that was a good day. You have potential for a big win here...very exciting! Wish I were in your position ;D

 

[Uhhhhh]

Seems like a straightforward free £10 bet. Is it ok for me to go ahead with this or should I place a mug bet first?

[member=815]malihat[/member] Nice! If I were you I'd save it for the football tomorrow (FA cup final) and then stick a mug on the England game on Sunday or something. Or, if you want to slowly start to have a horse profile with William Hill (a great bookies to do the horses with) then use the free bet on one of the channel 4 races tomorrow and stick a mug or two on one of the other c4 races.

Edit: Oh and it says if you bet £10 you get the £10 fb, so you'll need to do a £10 qualifier first. £10 qualifier on the horsies tomorrow maybe, and then wait and see if the free bet comes the same day (then use it on another horse, or on the FA cup) or if it goes into your account on Sunday then use for England game perhaps?

 

[Jon]

[member=3692]snowball[/member]

do normal spins and then if you get a big win during qualifying up it to £1 spins to get through the wagering quicker

 

[Uhhhhh]

I just hit £4000 profit!!

;D ;D ;D ;D ;D ;D ;D

 

[snowball]

Ooh I am quite existed now, although I will probably loose it all! Live chat doesn't seem to be working at the moment, typical.

Thank you for your suggestions [member=2431]Uhhhhh[/member]
[member=1]Jon[/member] what is a normal spin amount? Sorry for all the questions.

 

[Healthy Tortoise]

Grr, made my first MB mistake. :-[

Signed up with WH but didn't notice the note on top of the PA video that said the odds now have to be 1.5. I've bet it on 1.3 so will just be a loss. Hopefully, they'll send me a deal another day. Lesson of the day: don't just watch the video, read the page too. :-\

 

[Jon]

Ooh I am quite existed now, although I will probably loose it all! Live chat doesn't seem to be working at the moment, typical.

Thank you for your suggestions [member=2431]Uhhhhh[/member]
[member=1]Jon[/member] what is a normal spin amount? Sorry for all the questions.

Usually 20/25p spins

JonSpins are 50p/£1 ones