Silly MB newbie questions...

Lizziew24

Acca Obsessed
Staff member
Joined
Mar 22, 2017
Messages
925
Points
173
Location
Yorkshire
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

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
Just don't get frustrated with the amount of time it will take, as you will need to wait for winnings to be withdrawn.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
 
  • Like
Reactions: Lizziew24

Lizziew24

Acca Obsessed
Staff member
Joined
Mar 22, 2017
Messages
925
Points
173
Location
Yorkshire
Just don't get frustrated with the amount of time it will take, as you will need to wait for winnings to be withdrawn.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

Money Making Megastar!
Joined
Oct 17, 2013
Messages
32,378
Points
283
Age
42
Location
Leeds
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

Acca Obsessed
Staff member
Joined
Mar 22, 2017
Messages
925
Points
173
Location
Yorkshire
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

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
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

Money Making Megastar!
Joined
Oct 17, 2013
Messages
32,378
Points
283
Age
42
Location
Leeds
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

Acca Obsessed
Staff member
Joined
Mar 22, 2017
Messages
925
Points
173
Location
Yorkshire
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!
 
  • Like
Reactions: Jon

jkg-jkg

Money Making Megastar!
Joined
Aug 17, 2016
Messages
1,353
Points
273
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

Acca Obsessed
Staff member
Joined
Mar 22, 2017
Messages
925
Points
173
Location
Yorkshire
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!!
 
  • Like
Reactions: Jon

Lizziew24

Acca Obsessed
Staff member
Joined
Mar 22, 2017
Messages
925
Points
173
Location
Yorkshire
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

Matched Betting Ninja
Joined
Apr 20, 2017
Messages
1,159
Points
203
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!
 
  • Like
Reactions: Lizziew24

Members online


Amazon Discount Finder Tool

Find hidden 80%+ savings on Amazon products



 

 

 

 

 

 

 

Forum statistics

Threads
7,380
Messages
199,737
Members
11,387
Latest member
jbniche1