Probably very stupid Noob questions

Bavid Dowie

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Hi there, I'm new to the world of Matched Betting, and I have some embarrassing noob questions which I hope someone can shed some light on for me...I've tried to find the answers but with little luck, hence my posting a new thread.

Firstly, what relevance does the size of your initial pot have on MBing? Does putting more in to begin with mean you can make more money? Or does it just mean you burn through the free offers more quickly before then going on to the reloads? I have a few thousand I could put in but I'm not sure if it is necessary.

Secondly, I've read in quite a few places that £1500 a month is fairly easily achieved (from several hour's work a day) and you can even make £2000 +. Does that figure reflect the maximum you can expect from MBing?

Thanks for reading, thoughts welcome...
 

ted

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1) Having a pot of say, £25 ,would maybe mean you could do 1 smaller offer at a time. If it wins at the bookie you would then need to be going through the hassle of withdrawing and depositing to the exchange. That would probably mean you couldn't do offers in the time that takes. Having a bigger pot means more offers, less delays etc.

2) I work at the bottom end of the market and I'm very happy with £100-200 a month. I made that last weekend with the sheer number of offers quite easily. If you had no bookie accounts, a huge exchange pot and full understanding of how it all works I would say you could do all the new account offers and clear £1500 this weekend. Being honest though I'd encourage you to start small.

I don't think they are stupid questions. Hopefully it goes well for you.
 

Jon

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Hi there, I'm new to the world of Matched Betting, and I have some embarrassing noob questions which I hope someone can shed some light on for me...I've tried to find the answers but with little luck, hence my posting a new thread.

Firstly, what relevance does the size of your initial pot have on MBing? Does putting more in to begin with mean you can make more money? Or does it just mean you burn through the free offers more quickly before then going on to the reloads? I have a few thousand I could put in but I'm not sure if it is necessary.

Secondly, I've read in quite a few places that £1500 a month is fairly easily achieved (from several hour's work a day) and you can even make £2000 +. Does that figure reflect the maximum you can expect from MBing?

Thanks for reading, thoughts welcome...
Starting with a bigger pot doesn’t mean you will earn any more money it just means you will be able to do the offers quicker that’s all.

£1500 a month without may be a bit of a stretch. I’ve been doing it 4+ years now and still hit £600-£800 a month, maybe more if I hit a good a slot win
 

Cas

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Starting with a bigger pot doesn’t mean you will earn any more money it just means you will be able to do the offers quicker that’s all.

£1500 a month without may be a bit of a stretch. I’ve been doing it 4+ years now and still hit £600-£800 a month, maybe more if I hit a good a slot win
hmm

but if you have a bigger pot surely you can take higher odds. so potentially you could make more money
 
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Jon

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hmm

but if you have a bigger pot surely you can take higher odds. so potentially you could make more money
Yeah good point you can do more 5.5 than 4.0 with ya free bets but as ya bank roll increases with each offer I would say by the 10th offer you should be able to do whatever odds you want
 

David Says...

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hmm

but if you have a bigger pot surely you can take higher odds. so potentially you could make more money

And also bigger stakes for the refund offers. And also let you start doing more reload offers - even whilst still going through the sign-ups. And bigger stakes (£50 to £100+) early on means that you won't stand out when doing those size of bets.

I'd put much as you can into your starting pot - by all means draw it back out when you need it. It's going to make you far more in the short term than any savings account.
 

Bavid Dowie

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Thanks everyone, much appreciated.

Jon, just to clarify: in your response, you said "£1500 a month without may be a bit of a stretch"...was the "without" a typo? Are you basically saying to make £1500 a month is a stretch?

Thanks again...
 

Jon

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Thanks everyone, much appreciated.

Jon, just to clarify: in your response, you said "£1500 a month without may be a bit of a stretch"...was the "without" a typo? Are you basically saying to make £1500 a month is a stretch?

Thanks again...
Sorry yeah £1500 a month may be a stretch

You also don't need to do 'hours a day' with this. You will get so good at it that it will just take you minutes to place your bets ;)
 
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Bavid Dowie

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OK, everyone has been super helpful so far so I wonder if I can push my luck one more time...

What website or system should I use? The two that come up the most are Oddsmonkey and Profit Accumulator. However, in my research, I've also come across Profit Maximiser which seems to be similar although it looks a bit tacky and therefore dodgy...

Thanks in advance, thoughts welcome...
 

Jon

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OK, everyone has been super helpful so far so I wonder if I can push my luck one more time...

What website or system should I use? The two that come up the most are Oddsmonkey and Profit Accumulator. However, in my research, I've also come across Profit Maximiser which seems to be similar although it looks a bit tacky and therefore dodgy...

Thanks in advance, thoughts welcome...
Both PA and OM offer free trials so give both a whirl and see which one you like the most :)
 
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Cas

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I would recommend PA that's how i started off. But I heard odds monkey is better when your more experienced
 
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David Says...

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What website or system should I use? The two that come up the most are Oddsmonkey and Profit Accumulator. However, in my research, I've also come across Profit Maximiser which seems to be similar although it looks a bit tacky and therefore dodgy...

FWIW Profit Maximiser (PM) isn't dodgy, despite the salesy promo pages and techniques. Mike, who runs PM, started the whole 'matched betting as an information service' thing off. Without PM there probably wouldn't be a PA or OM in their current forms.

PM is usually at the forefront of techniques to take value from bookies. When it launched an Acca tool, PA and OM followed about 6 months later, for example. Oddsmatcher was first with, well, an oddsmatcher, which PA used before there was an acrimonious breakup.

However - for sheer ease of use, stick with PA or OM initially. They'll both guide you through the offers and give you the tools that you need.

PA's community is probably slightly better if you like learning with others. I *personally* prefer OM's toolset. As Jon said, give both a whirl to see which you prefer.
 

homie

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General consensus is that PA has better tutorials/early support, if you're starting out and learning. Personally I prefer the tools on OM and I think they have more bookies on the oddsmatcher.

I think £1500 a month every month might be hard to achieve. If you're hitting enough offers daily to reach that then the chances are you will get gubbed by some of the bookies and then it will be harder to keep making that level of money.

Also be aware It's not infinitely scalable. 2 hours a day with a float of £1000 might make you £500 a month, but 4 hours a day with £2000 isn't necessarily going to double your earnings. There are limits on the amount bookies will refund as free bets and unfortunately these have come down in recent years.

£1000 in the exchange and a float of a few hundred in the bank to deposit to all the bookies is a good starting place.
 
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Bavid Dowie

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FWIW Profit Maximiser (PM) isn't dodgy, despite the salesy promo pages and techniques. Mike, who runs PM, started the whole 'matched betting as an information service' thing off. Without PM there probably wouldn't be a PA or OM in their current forms.

PM is usually at the forefront of techniques to take value from bookies. When it launched an Acca tool, PA and OM followed about 6 months later, for example. Oddsmatcher was first with, well, an oddsmatcher, which PA used before there was an acrimonious breakup.

However - for sheer ease of use, stick with PA or OM initially. They'll both guide you through the offers and give you the tools that you need.

PA's community is probably slightly better if you like learning with others. I *personally* prefer OM's toolset. As Jon said, give both a whirl to see which you prefer.

Thanks David, much appreciated. And sorry Mike, I stand corrected.
 

Karonher

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I've made about £1250 since January and dont do bingo, accas or many casino signs up. It depends what you feel OK with.
 
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