Silly MB newbie questions...

Lizziew24

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Another silly question......I have a sum of £100 to start with MB. In theory, is this the only outlay I should need...?
I have today received a new bank card with "U"...anyone else familiar with this..?
I'm aiming to go wild and have a £1000 profit by the end of May!! *insert hysterical face!*
 

jkg-jkg

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Just don't get frustrated with the amount of time it will take, as you will need to wait for winnings to be withdrawn. Investing more (usually in the exchange) will speed things up a bit, but will also tie your funds up too
 
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Lizziew24

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Just don't get frustrated with the amount of time it will take, as you will need to wait for winnings to be withdrawn. Investing more (usually in the exchange) will speed things up a bit, but will also tie your funds up too
I am right in thinking that my initial outlay goes into the exchange account..?
 

Jon

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I am right in thinking that my initial outlay goes into the exchange account..?
No your initial £100 will be used as and when you do offers, hopefully you will win into the exchange on your first few offers
 

Lizziew24

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No your initial £100 will be used as and when you do offers, hopefully you will win into the exchange on your first few offers
Oh dear, I need to clue myself up a bit more! :( So the £100 would potentially be in my new bank account and used to pay for the offers such as £10 bet for £30 free bet..?
 

jkg-jkg

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You will typically need more money in the exchange, but you will also need to deposit into the bookies. e.g. For a 5.0 (4/1) bet if you bet £10 at the bookie you will need £40 in the exchange to cover it. Do the free offers at OddsMonkey or Profit Accumulator and see how you go, they will walk you through what you need to do.
 

Jon

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Oh dear, I need to clue myself up a bit more! :( So the £100 would potentially be in my new bank account and used to pay for the offers such as £10 bet for £30 free bet..?
Yup but your first few offers might end up winning into the exchange and then you can plough through the offers much easier! ;)

Just get going basically!
 

Lizziew24

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Yup but your first few offers might end up winning into the exchange and then you can plough through the offers much easier! ;)

Just get going basically!
I will! Just scared really. But thank you for the encouragement!
 
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jkg-jkg

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Jon is right. Take it slow at first, take time to learn, and don't rush it. The risk does exist but only from mistakes when you are rushing. Follow the instructions and you should be fine.
 

Lizziew24

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Nothing to be scared of honestly, it's RISK FREE ;)
TBH I think what scares me is my own expectations. Sounds daft, but I know that once I get my head around MB, which is what I want to do, I will put in the effort required to reach my goals. Just not sure what to pitch things at. But yes, I need to get going and just do it!!
 
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Lizziew24

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Jon is right. Take it slow at first, take time to learn, and don't rush it. The risk does exist but only from mistakes when you are rushing. Follow the instructions and you should be fine.
Thank you. I feel better knowing there is a good community around me!!
 

rninja

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May I just add Lizziew24 that you should follow the guides on PA to walk you through the initial offers, but it is best to stick to football matched betting at the start. For example, Horse racing and tennis are more complex with potentially different rules between bookmaker and exchanges!
 
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