Matched Betting Question PA Profit Tracker - quick question

robertadm82

Active Member
Joined
Sep 25, 2020
Messages
19
Points
31
Age
38
Hi guys,
I'm using the Profit Tracker built on Profit Accumulator, by just storing all my bets.
When my bet is settled, if the bookmaker wins, I put a + on that specific bet, otherwise I put a -.
I am sure I am doing all wrong, because it's showing a REALLY low profit...
I've watched all the videos related, but I can't figure out any other way to use the Profit Tracker... Could you please help me? Thanks!
 

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
30,395
Points
283
Age
39
Location
Leeds
Hi guys,
I'm using the Profit Tracker built on Profit Accumulator, by just storing all my bets.
When my bet is settled, if the bookmaker wins, I put a + on that specific bet, otherwise I put a -.
I am sure I am doing all wrong, because it's showing a REALLY low profit...
I've watched all the videos related, but I can't figure out any other way to use the Profit Tracker... Could you please help me? Thanks!
Could you show us a screenshot at all of say how you are recording it all for a regular 'bet £20 get £10 free bet' type offer
 

robertadm82

Active Member
Joined
Sep 25, 2020
Messages
19
Points
31
Age
38
Could you show us a screenshot at all of say how you are recording it all for a regular 'bet £20 get £10 free bet' type offer

This is how I started... two months ago
 

robertadm82

Active Member
Joined
Sep 25, 2020
Messages
19
Points
31
Age
38
 
Last edited:

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
30,395
Points
283
Age
39
Location
Leeds
to attach a screenshot simply click on the picture icon > Url > Post the direct URL to the image

 

Rs20033

Money Making Megastar!
Joined
Dec 14, 2015
Messages
580
Points
163
Location
Derbyshire
So, what am I doing wrong? :unsure:
It looks like you are just recording your profit/loss at the bookie and not taking into account your profit/loss at the exchange.

So for your qualifying bet for betfred for example, your bet won at the bookies but you would have had a loss at the exchange, which should have left a slight overall loss (you shouldn't be £18.16 up overall, unless you didn't lay your bet at the exchange). Hope that makes sense. I did see your post yesterday but I was hoping somebody else would explain it better! Another example is your Coral £5 free bets. You wouldn't have lost money on those because they are free bets. They lost at the bookies but won at the exchange.

What I would suggest is to go back over your previous bets, pop the odds and amounts into the Profit Accumulator calculator (don't forget to change to "free bet SNR" on the calculator for the free bets) and change the profit/loss on the profit tracker for each bet to what it says on the calculator. That's the fastest way to get accurate enough figures.

Hope that makes sense - let me know if not, or hopefully someone else can explain better!
 
  • Like
Reactions: RubyTues and Jon

robertadm82

Active Member
Joined
Sep 25, 2020
Messages
19
Points
31
Age
38
It looks like you are just recording your profit/loss at the bookie and not taking into account your profit/loss at the exchange.

So for your qualifying bet for betfred for example, your bet won at the bookies but you would have had a loss at the exchange, which should have left a slight overall loss (you shouldn't be £18.16 up overall, unless you didn't lay your bet at the exchange). Hope that makes sense. I did see your post yesterday but I was hoping somebody else would explain it better! Another example is your Coral £5 free bets. You wouldn't have lost money on those because they are free bets. They lost at the bookies but won at the exchange.

What I would suggest is to go back over your previous bets, pop the odds and amounts into the Profit Accumulator calculator (don't forget to change to "free bet SNR" on the calculator for the free bets) and change the profit/loss on the profit tracker for each bet to what it says on the calculator. That's the fastest way to get accurate enough figures.

Hope that makes sense - let me know if not, or hopefully someone else can explain better!
Thanks for your reply. :)
Everything is still pretty much confusing to me, not your fault at all, you've been very clear. I thought it was all automatic and I just had to store my bets, then it would calculate my profit, when I put "+" or "-".
I will try your way to sort my bets out - not sure I will do it right! I am not confident at all when it's about figures... but I can try.
Thanks again for your very appreciated help. :)

Edit: first attempt and I am already lost... :cry: The calculator always shows negative figures, whatever the odds are... How can I get the profit/loss out of it??? :unsure:

Calculator
 
Last edited:

Rs20033

Money Making Megastar!
Joined
Dec 14, 2015
Messages
580
Points
163
Location
Derbyshire
Thanks for your reply. :)
Everything is still pretty much confusing to me, not your fault at all, you've been very clear. I thought it was all automatic and I just had to store my bets, then it would calculate my profit, when I put "+" or "-".
I will try your way to sort my bets out - not sure I will do it right! I am not confident at all when it's about figures... but I can try.
Thanks again for your very appreciated help. :)

Edit: first attempt and I am already lost... :cry: The calculator always shows negative figures, whatever the odds are... How can I get the profit/loss out of it??? :unsure:

Calculator


It should show a small negative amount for all of your qualifying bets (up to 5% of your bet amount). This is because you generally won't make any profit when there's no free bet.

For your free bets, if it's showing a negative figure, you need to switch the calculator to "Free bet SNR" on the dropdown menu. These should show a profit of around 70-80% of your free bet amount.

When you have redone your profit tracker post another screenshot if you want and we can see if it looks right?

I'll try to attach examples below of a qualifying bet and a free bet. You just click store on the bottom right and those amounts should go into the profit tracker straight from the calculator.

These show that I lost 50p on my qualifying bet and gained £6.97 on my free bet so my total profit for that offer is £6.47

 

robertadm82

Active Member
Joined
Sep 25, 2020
Messages
19
Points
31
Age
38
It should show a small negative amount for all of your qualifying bets (up to 5% of your bet amount). This is because you generally won't make any profit when there's no free bet.
So there is no profit in what I am doing... :cry: because I am done with all the signup offers and I've just kept betting and laying with the bookmarkers I have... I thought I could earn something this way. Apparently I totally misunderstood this matched betting thing, dumb me! :(
Shall I withdraw all the money and just move on? What do you think?
Thanks again, Rs20033 :)
 

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
30,395
Points
283
Age
39
Location
Leeds
So there is no profit in what I am doing... :cry: because I am done with all the signup offers and I've just kept betting and laying with the bookmarkers I have... I thought I could earn something this way. Apparently I totally misunderstood this matched betting thing, dumb me! :(
Shall I withdraw all the money and just move on? What do you think?
Thanks again, Rs20033 :)
You should be doing reload offers now you have finished sign up ones

click into the reloads sections > all those offers you can do!
 

Rs20033

Money Making Megastar!
Joined
Dec 14, 2015
Messages
580
Points
163
Location
Derbyshire
So there is no profit in what I am doing... :cry: because I am done with all the signup offers and I've just kept betting and laying with the bookmarkers I have... I thought I could earn something this way. Apparently I totally misunderstood this matched betting thing, dumb me! :(
Shall I withdraw all the money and just move on? What do you think?
Thanks again, Rs20033 :)



Hopefully you haven't lost too much just backing and laying with no offers (assuming that's what you have done once you finished the signup offers if I understood right?). Sadly, Matched Betting only works when there's an offer/promotion involved.

If you decide to carry on, just stick to the offers on Profit Accumulator until you understand exactly where your profit is coming from (or if you get an offer by email or text that looks good, ask for help if you are unsure what to do). If you are unsure about a specific offer, the PA forums are good.

As Jon said, you should move onto the Reload offers next. At the bottom of all of the sportsbook signup offers there should be a box saying "Transitioning to reloads". If it's not there, check your completed offers in case you marked it completed. The offers in reloads all have little tags saying easy and medium etc. Just start with the ones marked Easy. I would also suggest sticking to the offers with the risk free tag for now.
 
  • Like
Reactions: Jon

robertadm82

Active Member
Joined
Sep 25, 2020
Messages
19
Points
31
Age
38
Thank you to both of you, guys. :)

I have done very few signup offers (I am currently on about 10 bookmakers, and only 2 exchanges), not willing to do more... I find it very time wasting, and I could only do the risk free ones anyway (which, I think, I did).
I've had a look at the reload offers and I could try to do a few (Coral, Betfred, not sure what else), still risk free of course, in order to make a little bit of more profit.

Thanks for opening my eyes to the matched betting world and the wrong use I was doing of it. :) Not sure I will carry on, it is really not for me. I don't know how much I have lost/earned so far, but I know how much I spent initially, so hopefully I will see when I withdraw my money.

Thank you all :)
 

Members online

No members online now.

Amazon Discount Finder Tool

Find hidden 80%+ savings on Amazon products



 

 

 

 

 

 

 


TMSPRESTO