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Jon

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This is sure to be a very short thread, i'm sticking to football, not touching racing here


I got a free £10 bet from betfair to use on any sports bet


I have placed it on Norwich to beat Cardiff at home


xzb7F.jpg



This thread will either be over for me with this one bet or I will get to fight another day
 

Janine8023

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Could you not use the principles of matched betting to guarantee £10 in your pocket, plus any winnings?
 

Jon

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Janine8023 said:
Could you not use the principles of matched betting to guarantee £10 in your pocket, plus any winnings?


tell me more about how to do that
 

RickyRaj

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I signed up to William Hill and Ladbrokes via TopCashBack and then used the free bets for predictable outcomes of football games. I don't watch or know enough about football to bet on more profitable bets.
 

Twiggy

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Jon@TheMoneyShed said:
Janine8023 said:
Could you not use the principles of matched betting to guarantee £10 in your pocket, plus any winnings?


tell me more about how to do that

Matched betting works on the principle that you bet at the bookmakers with the free bet, and then 'lay' at the exchange/betfair, and so you extract a profit whatever the result. It is more or less risk free. the green site has really good guides on their matched betting forum.
 

Jon

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ok hang on


If i bet my free bet on Norwich to win, but lay £10 on cardiff to win at another bookies, what if they draw?
 

Quilla

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Jon@TheMoneyShed said:
ok hang on


If i bet my free bet on Norwich to win, but lay £10 on cardiff to win at another bookies, what if they draw?
You bet Norwich to win (free bet: £10), and then at a betting exchange (e.g. Betfair) you put a lay bet on Norwich. Lay means bet against, so you're betting that they'll lose or there will a draw.
 

Jon

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ah see, I don't have any spare money at the moment to afford the spare £10 needed to lay the opposing bet
 

Janine8023

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Jon@TheMoneyShed said:
ah see, I don't have any spare money at the moment to afford the spare £10 needed to lay the opposing bet
But Jon you don't lose the £10, you get it back plus winnings from which ever bet wins. It's risk free and investment free betting!!!!! It's true!!!! I need more exclamation marks to emphasis how amazing this is!!!!!!!

It's also tax free!!!!!!!!!!!!!!!!!

My husband is starting with it over the next few months.

Again tax free, risk free. No investment ( need a float, but get this back)!!!!!!!!!!!!!!!!!!!!
 

Jon

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Don't have a float

Might have if Norwich win though :)
 

doublemum

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I'm looking at matched betting at the moment. Save the Student has some good step by step advice.
 

stellajose

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Did you win then Jon?

I've looked into this matched betting a few times but just don't think i'm clever enough to not mess it up. It looks good tho.
 

Jon

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They play this afternoon

We shall see
 
P

Pheebs

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If you want to make hundreds for free with matched betting, you should use www.fixtheodds.com.

I made a small fortune with them.
 

Jon

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Thing is - I already have a LOT of online bookie accounts, can you setup more than one with a lot of them?
 
P

Pheebs

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Jon@TheMoneyShed said:
Thing is - I already have a LOT of online bookie accounts, can you setup more than one with a lot of them?

No.

But your other half can. ;)
 

Janine8023

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Jon@TheMoneyShed said:
Thing is - I already have a LOT of online bookie accounts, can you setup more than one with a lot of them?
No, but I bet u anything (ha), that there are way way more companies than you imagine. There are threads on other sites (the green site) where they list new deals and new companies.

My warning would be that if you have an addictive personality, or may be tempted to get more or take risks: DO NOT DO matched betting.
 

Jon

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Well Norwich are winning 2-0 so far so looking good
 

Jon

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Well they wo
I am now at £15.50

Am thinking to invest just £2.50 in my next one out of that money on a very obvious win
 

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