Slide into gambling addiction

The Reverend

The Reverend
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I had to step away from matched betting because I was tempted to do the slots and I got out of control. I have a history, so matched betting wasn't the best thing for me to get into as I was exposed to sites with a slot/casino section.

Sorry to hear that Misseb.

Its something that I do worry about when MB is promoted all over the shop. I think that once you start the MB journey, the slots and the casino offers are pushed as a 'regular' part of it. But its a not risk free.
 
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Cas

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Yes, it's a constant struggle for me to resist,luckily so far i'm not behind, but the stress it has caused has not been worth it. I can go for a month without betting then i get lazy, bored or complacent and go on a binge. I've made over 200k from matched betting in just over 2 years, but until my money is locked away in a savings account I feel that money is at risk if i go mad one day, it's like a poisoned chalice for me.
Be careful!
Wow that is amazing you earned soo much . i hope to get that level one day .
Do you do MB full time? trying to learn how to increase the amount i make a month currently at £100 .
 

MuckleMaker

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Yes, it's a constant struggle for me to resist,luckily so far i'm not behind, but the stress it has caused has not been worth it. I can go for a month without betting then i get lazy, bored or complacent and go on a binge. I've made over 200k from matched betting in just over 2 years, but until my money is locked away in a savings account I feel that money is at risk if i go mad one day, it's like a poisoned chalice for me.
Be careful!

Hi @madfistbt was there one to many '0' in that figure you quoted?
 
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Allowing matched betting at all is a good business decision for bookies. It gets us to set up accounts, helps get us comfortable with the process of placing bets and transferring money to them, creates a positive connection in our minds because of the money we make, and convinces us to walk our friends through the same process.

Matched betting can be great, but remember that if it wasn't good for bookies in the long run it would be against their terms of service, and maybe illegal.
 

Jon

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Allowing matched betting at all is a good business decision for bookies. It gets us to set up accounts, helps get us comfortable with the process of placing bets and transferring money to them, creates a positive connection in our minds because of the money we make, and convinces us to walk our friends through the same process.

Matched betting can be great, but remember that if it wasn't good for bookies in the long run it would be against their terms of service, and maybe illegal.
How do you think they could actually make it illegal though?

If you are a bookie all you see st your end is a bet being placed just the same as the thousands of other bets getting placed that hour
 
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It's a £13bn industry that regularly makes donations to MPs. Why do you think they wouldn't be able to make it illegal if it was losing them money overall?

Making it against their Terms of Service would be no trouble at all to any individual bookie, it's just a case of adding an extra line to the agreement.

I don't know what goes on behind the curtain, but especially if you're doing it online all it would take is them checking the cookies on your browser and they'd have a good reason to refuse a bet you won and block your account.
 

Jon

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I just can’t see it myself

Matched betting has been around for 15+ years and I can’t see it stopping.

Unless you are arbing then the left hand doesn’t tend to know what the right hand is doing

Heck even if bookies think you are taking advantage of bonuses too much they they just gub you and don’t shut down your account or anything.
 
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I just can’t see it myself

Matched betting has been around for 15+ years and I can’t see it stopping.

Unless you are arbing then the left hand doesn’t tend to know what the right hand is doing

Heck even if bookies think you are taking advantage of bonuses too much they they just gub you and don’t shut down your account or anything.

I don't think it will stop, I just think allowing it at all is a business decision on their part.

The worst case scenario for matched betters is that bookies block your account from taking advantage of offers for a while, but even that is normally a temporary measure and doesn't stop you placing normal bets.

If you scam amazon out of an item then they block your account permanently, so why does the betting industry do things differently?

Their whole business is based around getting somebody to try betting a couple of times, and human nature means they'll probably try it again, but the barrier to entry is pretty high as far as knowledge goes and betting has an understandably bad reputation.
Matched Betting primes people with the knowledge they'd need to comfortably place regular bets, and associates betting with making money. Then they take away the offers that mean you're guaranteed to profit.
At that point you either stop betting with them, or you keep making regular bets until your account can take advantage of offers again.

I'm not saying matched betting is universally bad for us, I'm saying that the industry would fight back against it if it was bad for them on the whole.

Again, maybe there's something obvious I'm missing, but it seems like the only reason they'd take such small steps against matched betting is because it doesn't actually effect their profits on the whole.
 
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Jon

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I suppose another thing is that all bookies so do when we walk into one of their stores or place a bet online is lay them off anyway.

If I go into a paddypower store and place a £2000 bet on Manchester City winning they don't leave themselves exposed to that and instead lay it off

Matched Bettors are doing no different ;)
 

homie

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Bookies can and do refuse to take bets from people they suspect of playing the system. I've been restricted from several bookies. They don't give you a reason just restrict your stakes down to zero so you can't bet with them any more.
 

Jon

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Bookies can and do refuse to take bets from people they suspect of playing the system. I've been restricted from several bookies. They don't give you a reason just restrict your stakes down to zero so you can't bet with them any more.
ah yeah it might be betbright who limited me to 60p stakes or something stupid lol
 

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